Category: Flash News

On December 31st, the General Administration of Customs issued the approval for the acceptance of the Beijing Daxing International Airport Comprehensive Bonded Zone (Phase II) on December 30th. The acceptance area of the Daxing Airport Comprehensive Bonded Zone (Phase II) is 2.084 square kilometers, marking the completion of the fence acceptance of the entire Daxing Airport Comprehensive Bonded Zone.

On December 31st, major European stock indexes collectively closed down, with the German DAX30 index falling 0.59%, the UK FTSE 100 index falling 0.35%, the French CAC40 index falling 0.57%, and the European Stoxx 50 index falling 0.6%.

On December 31st, according to a survey released by the German Federal Association of Medium Sized Enterprises on December 30th local time, German medium-sized enterprises are generally concerned that the German economy will rapidly decline by 2025. Among them, the proportion of medium-sized enterprises expected to accelerate the contraction of the German economy by 2025 is as high as 80%. In addition to the overall economic situation, medium-sized German enterprises are also very concerned about the shortage of skilled workers. The head of the German Federal Association of Medium Sized Enterprises admitted that political turmoil has not only damaged the German economy, but also suppressed confidence in economic improvement from all sectors. (CCTV News)

On December 30th, a research report by CITIC Securities pointed out that the low altitude economy has been continuously catalyzed, and the Low altitude Department under the National Development and Reform Commission has been officially established. It will be responsible for strategic formulation, policy formulation, and coordination with various ministries and departments in the field of low altitude economy. 2025 is expected to become the first year of low altitude economy development. In addition, the General Office of the State Council has issued a document to expand the use of special bonds as project capital, and to add new areas of productivity such as low altitude economy and commercial aerospace. In terms of industry, Shanghai Low altitude Economic Industry Development Co., Ltd. was registered and established, and Laisi Information successfully landed the first provincial-level low altitude flight service center in China. The low altitude economic policy promotes the accelerated landing of industries.

On December 30th, the China Securities Association recently released the “Guidelines for Undertaking Negative List of Non Public Development Bank Corporate Bond Projects (Revised in 2024)”. For the special industry type issuers mentioned in the negative list – real estate companies, the negative list has removed relevant expressions such as “idle land”, “land speculation”, “hoarding and reluctance to sell”, and “price gouging”, and adjusted them to “real estate companies identified by the competent authorities as having significant illegal and irregular behaviors”. This is a major adjustment to the expression of real estate issuers after the China Securities Association first released the negative list of private equity bonds in 2015. In addition, in order to support the reasonable financing needs of bond issuers for relief and prevention of major risks through mergers and acquisitions, the China Securities Association has also optimized the relevant provisions of the negative list.

On December 30th, Yibin Bank announced on the Hong Kong Stock Exchange that it plans to issue 688.4 million shares through an IPO in Hong Kong, with the IPO scheduled from December 30th, 2024 to January 8th, 2025; The offering price will be HKD 2.59-2.72 per share, with a trading unit of 1000 shares per lot. CCB International and ICBC International will serve as joint sponsors; The expected shares will start trading on the Hong Kong Stock Exchange on January 13, 2025.

On December 30th, Newman announced on the Hong Kong Stock Exchange that the company plans to issue 250 million shares in a Hong Kong IPO; IPO from December 30, 2024 to January 7, 2025; The offering price will be HKD 0.80-1.09 per share, with 8000 shares traded per lot, and Caitong International Financing as the exclusive sponsor; The expected shares will start trading on the Hong Kong Stock Exchange on January 10, 2025.

① 16:00 Swiss December KOF Economic Leading Indicators; ② 22:45 Chicago PMI for December in the United States; ③ 23:00 Monthly rate of signed home sales index for November in the United States; ④ 23:30 Dallas Fed Business Activity Index for December in the United States.

On December 30th, Slovak Prime Minister Fizo strongly criticized Ukraine’s decision to stop sending natural gas to Slovakia from January 1st, 2025, in an open letter to the President of the European Council and Commission on December 29th. He stated that Ukraine’s unilateral decision was wrong and unreasonable, harmful not only to Slovakia but also to the entire European Union. Fizo emphasized in the letter that Ukraine has not had public consultations with the EU or affected countries on this matter, and he reminded that the transit of Russian natural gas through Ukraine does not violate EU law. Fizo also pointed out that Ukraine has rejected alternative proposals for non Russian natural gas transit, which will have a negative impact on the already struggling European Union and Slovakia. Fizo called on EU leaders to urgently pay attention to this situation and take measures to reduce the negative impact on the European economy. He pointed out that support for Ukraine should be rational and not based on “self destruction and causing great damage to the EU”.

On December 30th, the Croatian National Election Commission announced the latest vote counting results at 22:00 local time on December 29th. According to the statistics of 99.67% of the votes, incumbent President and Social Democratic Party candidate Milanovic received 49.11% of the votes, while Croatian Democratic Community candidate Dragan Prymorac received 19.37% of the votes. As the number of votes did not exceed 50%, Milanovic and Primorac jointly entered the second round of voting to be held on January 12, 2025.