digital currency market reviews, snippets

Yin Zhongyu, Federal Reserve Securities: Industrial M&A will always have the opportunity to cross-border M&A and will never be supported on a large scale. Yin Zhongyu, assistant to the president of Federal Reserve Securities and head of the M&A business department, pointed out that M&A has ushered in a rare policy window. For industrial M&A, the policy window has always been there. "In particular, industrial M&A focusing on new productivity has always been the direction encouraged by the regulatory authorities, and there will always be opportunities. However, for buying and selling shells and cross-border restructuring, related risks need to be vigilant, and cross- (21 Finance)Tiankang Bio: Tiankang Bio (002100) announced on the evening of December 12 that Tiankang Bio (stock code: 874339), a holding subsidiary of the company, intends to apply for public offering of shares to unspecified qualified investors and listing on the Beijing Stock Exchange. As of the disclosure date of the announcement, Tiankang Bio's public offering of shares to unspecified qualified investors and listing on the North Stock Exchange are under counseling.German Foreign Minister: Ukraine needs hard security.

Xia Yiping, CEO of Extreme Vietnam: I am only a minority shareholder of the company, and Baidu has 80% of the voting rights. I learned from employees inside Extreme Vietnam that Xia Yiping, CEO of Extreme Vietnam, communicated with employee representatives about the company this afternoon. He revealed that the board of directors had a meeting the night before the 11th solution was released, and no agreement was reached on employee social security. It is not up to you to decide the plan that is released only after you get the resolution from the board of directors. "I said that I could take some money to solve the social security problem of employees, but in this case, neither shareholder stood up." He said that he is the CEO of the company, but he is only a minority shareholder and has decision-making power in business, but he has no decision-making power in the development of the company and needs the decision of the board of directors. 80% of the voting rights of the company are in Baidu. Baidu has just conducted a comprehensive audit of the company recently, and there are no problems. (Sina Technology)Market News: Little Red Book's net profit will exceed $1 billion in 2024.During the year, the allocation of 2 trillion yuan "hidden debt" replacement quota was completed, and the scale of six provinces exceeded 100 billion yuan. On December 11, the Beijing Municipal Finance Bureau announced in the evening that it planned to issue the eleventh batch of local bonds in 2024 on December 18, in which Beijing local government refinancing special bonds (38), (40) and (42) were used to replace the existing hidden debt, totaling 4.7 billion yuan, which will be held in December. So far, the distribution of the implicit debt quota of 2 trillion yuan replacement stock this year has all been announced. In some areas, a three-year special debt limit for local governments to replace hidden debts in stock has been issued at one time, and it is planned to be implemented in three years. It is understood that after the issuance of refinancing special bonds for replacing hidden debts, part of the raised funds have been used to replace hidden debts such as policy bank loans of city investment companies. In addition, some professionals believe that there may be a lot of funds used to repay interest or debts due. In the past two months, the early payment of urban investment bonds has not increased significantly. The active promotion of debt conversion has further strengthened the expectation of city investment bonds, and city investment projects in some areas have become "hot cakes" in the eyes of financial institutions. (21 Finance)

The personal pension system will be fully implemented, and many banks will seize the beach layout. From December 15, the personal pension system will be fully implemented. The reporter learned that many banks have acted quickly to seize the market. China Guangfa Bank, China CITIC Bank, China Merchants Bank, etc. have issued notices on the automatic account opening of personal pension fund accounts. Take CITIC Bank as an example. On December 12th, the bank said that the personal pension system will be fully implemented. On the day when the system is fully implemented, the bank will open personal pension fund accounts in batches for customers who handle the automatic account opening business of personal pension in the bank. The specific account opening results will be subject to verification by the Ministry of Human Resources and Social Security and the bank. In addition, the account manager of a branch in Beijing revealed to reporters that the latest notice on the opening index and preferential activities of individual pension fund accounts has not yet been received, but it is expected that relevant notices will be received in the next few days. (CSI Taurus)Cui Dongshu, Chenglian Branch: The head car companies that grew in the auto market this year showed stronger characteristics of their own brands. Cui Dongshu, secretary general of Chenglian Branch, issued a document saying that the national new energy passenger car market showed a continuous upward trend in 2024, with a penetration rate of 52% for the retail sales of 1.26 million vehicles in November. With the strong growth of the extension program at the beginning of the year, the scrapping and renewal and trade-in since August have promoted the explosive growth of the entry-level hybrid of economical electric vehicles, forming a good performance that new energy vehicles will become stronger and stronger in 2024. This year, the head car companies that have grown in the auto market are characterized by stronger independent brands. In particular, the new energy trend of traditional independent car companies has surpassed the new forces, and more and more students have become "three excellent students" with mixed, pure electric and all-round development.Yuanda Environmental Protection: It is planned to invest in the flue gas treatment franchise project of 2× 1,000 MW units in Huainan Pingwei Power Plant Phase IV, reaching the environmental protection announcement. The franchise company, a wholly-owned subsidiary, plans to set up Pingwei Branch, build desulfurization, denitrification and dust removal facilities based on the 2× 1,000 MW units in Pingwei Power Plant Phase IV, and sign a franchise contract with Pingwei Power Plant to carry out the flue gas treatment franchise business. The static investment of the project is 641 million yuan, the dynamic investment is 662 million yuan, and the franchise period is not less than 20 years. It is estimated that the total annual profit of the project is 18.89 million yuan and the average annual net profit is 13.45 million yuan. This transaction will help Yuanda Environmental Protection to further expand its market in Anhui and surrounding areas, obtain long-term stable income and form new profit growth points.