Category: Flash News

On December 27th, 2024, the domestic pig farming industry emerged from a downturn and saw a significant year-on-year increase in profitability. However, the upstream feed market has not fully enjoyed the benefits of downstream recovery, and products are dragged down by low costs, resulting in a continuous decline in selling prices. As important raw materials for feed, soybean meal and corn prices will both weaken in 2024. In mid to late December, the main soybean meal contract 2505 in the domestic futures market fell again, hitting a nearly five-year low of 2549 yuan/ton. After hitting a recent low of 2120 yuan/ton in early December, the main corn contract 2505 continued its volatile market trend. The reporter recently learned from an interview that the prices of feed raw materials may remain low overall in 2025. Against the backdrop of continued weak cost support, expanding downstream breeding business for feed companies has become a good hedge against market weakness. (Securities Times)

On December 27th, as of December 26th this year, 1139 listed companies have subscribed to wealth management products, with a total amount of 888.854 billion yuan (including reinvestment after maturity, the same below). Compared with the same period last year, the number of listed companies purchasing wealth management products has decreased by 15.32%, and the total amount of subscribed wealth management products has decreased by 29.11%; Among them, structured deposits received the highest total subscription amount of 580.963 billion yuan, with 891 listed companies subscribing. Although the overall subscription scale has shrunk, the enthusiasm of listed companies for brokerage wealth management products has increased instead of decreased. Since the beginning of this year, the proportion of the amount of securities investment products purchased by listed companies to the total amount of subscribed investment products has steadily increased, rising from 6.21% in the same period last year to 6.36%. Specifically, since the beginning of this year, 267 listed companies have purchased securities wealth management products, with a total subscription amount of 56.553 billion yuan. Among them, 33 listed companies have subscribed to securities wealth management products with a total amount exceeding 500 million yuan, and 6 listed companies have subscribed to securities wealth management products with an amount exceeding 1 billion yuan. (Securities Daily)

On December 27th, Japan will approve a record breaking budget of $730 billion and reduce bond issuance. Japan plans to approve a comprehensive budget of 115.54 trillion yen for the fiscal year 2025. Japan’s bond issuance volume will decrease from the initial 2024 fiscal year budget by 6.8 trillion yen to approximately 28.65 trillion yen. (Nikkei News)

On December 27th, the Director General of the World Health Organization, Tedros Adhanom Ghebreyesus, issued a statement confirming that he and his team were at the international airport in Sana’a, the capital of Yemen, when the Israeli military bombed the airport that day. Tedros Adhanom Ghebreyesus said that they were about to board a plane taking off from Sana’a when the airport was hit by an airstrike. One crew member of the plane was injured, and the runway and some facilities at the airport were damaged. Tedros Adhanom Ghebreyesus said that he and the UN staff present are safe, but they can only leave after the airport’s damaged facilities are repaired. (CCTV News)

On December 27th, an immigration aid organization said on December 26th local time that according to the organization’s statistics, at least 10457 people died or went missing on their way to Spain by sea from January 1st to December 5th this year, an increase of 58% compared to last year and the highest since 2007, equivalent to an average of about 30 people per day. The deceased or missing persons include 1538 children and 421 women.

On December 27th, the highest authority of the Eurasian Economic Union, the Supreme Council of the Eurasian Economic Commission, held a meeting in Leningrad Oblast, Russia on the 26th. The attending parties adopted multiple documents on the operation of the Union’s common market. All parties have summarized the achievements of the alliance’s work this year and discussed the issues of integration construction and future plans. A series of documents have been passed, including the agreement on the Eurasian Economic Union and the third-party unified customs transit system, the amendment protocol to the Eurasian Economic Union Treaty, the order on the operation of the common service market within the Eurasian Economic Union, the decision to modify the measures and plans aimed at forming a common electricity market for the Eurasian Economic Union, and the decision on the main direction of international activities of the Eurasian Economic Union in 2025. In addition, the Eurasian Economic Union approved the comprehensive free trade agreement signed with Iran in December last year and decided to grant Iran observer status in the Eurasian Economic Union.

On December 27th, Russian Presidential Press Secretary Peskov said on the 26th that it is wrong to make assumptions before the investigation into the cause of the Azerbaijan Airlines plane crash is completed. According to Kazakhstan’s national news agency, Deputy Prime Minister Bozombayev said on the 26th, “As of today, we have not received any official explanation from Russia or Azerbaijan… Therefore, we cannot refute any information.” He also said that according to Kazakhstan’s laws and regulations, Russian and Azerbaijani law enforcement agencies will not be allowed to participate in criminal investigations, but can investigate air accidents.

On December 27th, Panamanian President Mulino said on the 26th that the sovereignty of the Panama Canal belongs to Panama and there is no room for renegotiation. The Panama Canal is now independently managed by Panamanians, and the process of setting toll standards is open and transparent, without separately lowering prices for American ships. Mulino stated at a press conference that the economic compensation given by the United States to Panama for controlling the Panama Canal was minimal. It took generations of effort for Panamanians to successfully regain sovereignty over the Panama Canal, and President elect Trump’s remarks about “reclaiming” the Panama Canal ignore historical facts. (CCTV News)

On December 26th, according to a research report by Zhongtai Securities, AI smart glasses have the convenience of information acquisition and interaction. Compared to traditional electronic terminals such as mobile phones and computers, AI smart glasses can free up users’ hands and provide a more immersive interactive experience, making them a high potential carrier for the future development of AI applications. The global smart glasses market continued to grow in size from 2018 to 2021, and is expected to further accelerate its growth from 2024 to 2028 as consumer application scenarios increase. The current development stage of the AI smart glasses track can be compared to smartwatches from 2014, and there is hope for a larger volume in the future. The upstream industry chain mainly consists of AI smart glasses hardware structure suppliers, such as optical modules, display modules, audio modules, sensor modules, interaction modules, power supplies, structural components, etc. The midstream industrial chain includes ODM/OEM manufacturers, software/system manufacturers, and AI big model manufacturers. The downstream industry chain lies in the sales and after-sales of AI smart glasses.

On December 26th, according to Reuters, on December 25th local time, Nippon Steel Corporation released a letter from the region where the US steel plant is located, stating that its proposal to acquire the US steel company has received some support in the region. This letter was jointly signed by more than 20 municipal officials in the location of the US Steel Corporation factory, calling on US President Biden to approve the acquisition deal. The letter calls on the Biden administration to listen to the voices of steelworkers and all those closely related to American steel companies, who unanimously and strongly call for the approval of this deal.