Category: Flash News

On December 28th, the Shanghai and Shenzhen Stock Exchanges issued a notice on the 27th to reduce or waive fees for the year 2025, introducing multiple measures to reduce fees and benefits, with an expected total reduction of about 1.465 billion yuan. In terms of fee reduction measures, the Shanghai and Shenzhen Stock Exchanges will waive listing fees for listed companies and transaction fees for bonds other than convertible bonds in 2025. In addition, from July 1, 2025 to June 30, 2026, the Shanghai Stock Exchange will lower the usage fee for trading units from the original 45000 yuan per trading unit per year to 30000 yuan per trading unit per year. The Shenzhen Stock Exchange will waive the listing fee for Shenzhen listed funds and the traffic fee for Shenzhen listed fund trading units by 2025. In terms of fee reduction efforts, the Shanghai Stock Exchange expects a fee reduction and profit sharing amount of approximately 965 million yuan by 2025, while the Shenzhen Stock Exchange expects an overall fee reduction amount of nearly 500 million yuan by 2025. It can be seen that the Shanghai and Shenzhen stock exchanges are expected to reduce fees by a total of approximately 1.465 billion yuan in 2025. (Securities Times)

On December 28th, a report released by the US Department of Housing and Urban Development (HUD) on December 27th showed that the number of homeless people in the United States increased by 18.1% year-on-year in 2024, the largest increase in recent years. According to statistics conducted nationwide, over 770000 people have been classified as homeless, including nearly 150000 children, an increase of 33% year-on-year. The report points out that the lack of affordable housing, natural disasters, and a surge in immigration are the main reasons for the increase in homelessness. In addition, natural disasters such as the 2023 Hawaii Maui wildfire have also led to a significant increase in the homeless population. (CCTV News)

On December 28th, EIA crude oil inventories in the United States decreased by 4.237 million barrels to 417 million barrels for the week ending December 20th, a decrease of 1.01%. Strategic petroleum reserve inventory increased by 260000 barrels to 393.3 million barrels, a growth rate of 0.07%.

On December 28th, Eric Gonzalez, the prosecutor for the Brooklyn district of New York, announced on December 27th that Bastian Sapeta, the suspect in the New York subway arson case, has been charged by a grand jury with one count of first-degree murder, three counts of second degree murder, and one count of arson. It is reported that Sapeta did not appear in court for trial on the 27th, and he will be summoned on January 7, 2025, when his indictment will also be announced.

On December 28th, the Russian Aviation Administration reported new details about the crash of an Azerbaijan Airlines plane on December 27th local time. The Russian Aviation Administration said that after the air crash, the Russian side immediately notified the relevant departments of Kazakhstan and Azerbaijan, informing them that “Russia is fully prepared and fully cooperating in the investigation of the plane crash”. The Russian Aviation Administration said that due to Ukrainian drone attacks on civilian infrastructure in the cities of Grozny and Vladikavkaz, Russia has taken restrictive measures at Grozny Airport, requiring all aircraft to immediately leave specific areas. In addition, the airport area is shrouded in thick fog, with zero visibility at an altitude of 500 meters. The captain of the crashed plane attempted to land at Grozny Airport twice but was unsuccessful, and subsequently decided to proceed to Aktau Airport in Kazakhstan. (CCTV News)

On December 27th, the China Securities Regulatory Commission recently released five financial industry standards, including “Elements of Futures Brokerage Contracts,” “Specification for Information System Backup Capability of Securities and Futures Industry,” “Data Model of Securities and Futures Industry Part 5: Logical Model of Futures Companies,” “Technical Specification for Distributed Digital Identity in Regional Equity Markets,” and “Coding Specification for Enterprises, Products, and Investors in Regional Equity Markets.” These standards will come into effect from the date of publication. Next, the China Securities Regulatory Commission will continue to promote the informatization and digitization of the capital market, focus on data governance and the formulation of business service standards, promote the development of standards in the fields of data governance and business services, and continuously strengthen the foundation of scientific and technological supervision.

On December 27th, local time, it was reported that an alarm sounded at the center of the United Nations Interim Force in Lebanon (Lebanon) located in Naqurah and Ra’s al Naqurah in southern Lebanon. The specific event is currently unclear. (CCTV News)

On December 27th, Ukrainian Foreign Ministry spokesperson Tashi announced at a press conference that preparations for the second peace summit and all special meetings have been completed. The specific summit date is still unclear, but Ukraine plans to invite Russia to participate.

On December 27th, the Shenzhen Stock Exchange publicly solicited opinions from the market on the revision of the “Stock Listing Rules” and “Review Rules for Securities Issuance and Listing of Listed Companies” for the main board and ChiNext board. Specifically, the main contents of the revised “Stock Listing Rules” and “ChiNext Stock Listing Rules” include: firstly, implementing the overall requirements for the audit committee to exercise the powers of the supervisory board, specifying the responsibilities of the audit committee, refining and clarifying the composition of audit committee members, rules of procedure, etc. The second is to implement the responsibility obligations of the “key few”, improve the specific content of the loyalty and diligence obligations of directors and senior management personnel, strengthen the standardization of related party transactions, and clarify that controlling shareholders and actual controllers need to fulfill the loyalty and diligence obligations of directors when actually executing company affairs. The third is to strengthen the protection of shareholder rights, reduce the requirement for temporary proposal shareholding ratio, and optimize the mechanism for exercising voting rights on specific matters. The revision of the “Rules for the Review of Securities Issuance and Listing of Listed Companies” mainly includes: firstly, adapting relevant provisions and expressions according to the new “Company Law”, covering the relevant institutional mechanisms of supervisors, etc. The second is to strictly enforce the issuer’s main responsibility and the intermediary agency’s “gatekeeper” responsibility, strengthen self-discipline supervision and punishment for violations, raise the upper limit of the period for intermediary agencies and related responsible personnel to temporarily refuse to accept documents to 5 years, and add a 6-month declaration interval for the situation of “one inspection and withdrawal”.

On December 27th, according to the Shanghai Stock Exchange, this week the exchange has taken written warnings and other regulatory measures against 68 cases of abnormal securities trading behaviors such as manipulation, suppression, and false declarations. It has also conducted special inspections on 17 major issues of listed companies and reported 3 clues of suspected illegal and irregular cases to the China Securities Regulatory Commission.