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FTSE China A50 index futures rose 1%.Ministry of Water Resources: A number of projects to fully promote the construction of the national water network are accelerating. On December 12, the State Council Office held a press conference to introduce the tenth anniversary of the first phase of the East Middle Route of the South-to-North Water Transfer Project. Zhang Xiangwei, director of the Planning Department of the Ministry of Water Resources, said that the Ministry of Water Resources has made every effort to promote the construction of the national water network according to the overall deployment of the Outline of the National Water Network Construction Plan, focusing on networking, supplementing the network and strengthening the chain. Judging from the main artery of the national water network, the middle route of South-to-North Water Transfer Project is accelerating. From the point of view of the backbone water transport and drainage channels of the national water network, a number of major inter-basin water diversion projects have been completed, such as connecting the Yangtze River and Huaihe River, connecting the Han River and Weihe River, and allocating water resources in the Pearl River Delta. At the same time, the water resources allocation around the Beibu Gulf, the backbone project of Jilin water network, the second phase of Huaihe River's waterway into the sea and other projects that have been demonstrated for many years have all started construction and are actively promoting the implementation of the projects.By 11:30, 100 stocks in the two cities had daily limit.

Chongqing Branch of the People's Bank of China investigates Chongqing Water Environment Group: Support Chongqing Water Environment Group's demands for integration and optimization. Recently, Wenjiang Yong, member of the Party Committee and vice president of Chongqing Branch of the People's Bank of China (Chongqing Branch of the State Administration of Foreign Exchange), and his party visited Chongqing Water Environment Group to conduct in-depth research on the "three challenges and one revitalization" of state-owned enterprise reform deployed by the Municipal Party Committee. He stressed that it is necessary to give full play to the function of foreign exchange management, solve problems for enterprises, and support the related work involving integration and optimization in Chongqing Water Environment Group's "Three Attacks and One Revitalization". At the symposium, Wen Jiangyong and his party listened to Lu Xian's introduction on the basic situation of Chongqing Water Environment Group and the report of the head of Derun Environment Company on the difficulties related to the company's integration and optimization and the matters for support. Wen Jiangyong pointed out that on the basis of grasping the fairness of transactions and the balance of cross-border funds, he will solve problems for enterprises according to specific conditions and support Chongqing Water Environment Group's related demands for integration and optimization. At the same time, in the future work, the two sides should strengthen communication and help enterprises grow and develop.By 11:30, 100 stocks in the two cities had daily limit.Wei Lanfeng became the vice president and chief operating officer of Porsche China, and Porsche announced that Philipp von Witzendorff will officially become the vice president and chief operating officer of Porsche China from January 1st, 2025. It is understood that in the past two years, Wei Lanfeng has served as President and CEO of Porsche Japan.

New Oriental acquired Taimei International Travel Service. Tianyancha App shows that recently, Taimei (Beijing) International Travel Service Co., Ltd. has undergone industrial and commercial changes, and Tianjin Vision Contemporary Technology Co., Ltd., the original wholly-owned shareholder, has withdrawn, and Beijing New Oriental Wokaide International Education Travel Co., Ltd. has been added as a shareholder and wholly owned. At the same time, the legal representative and several key personnel have changed. Taimei (Beijing) International Travel Service Co., Ltd. was established in May 2016. Its legal representative is Longhua with a registered capital of RMB 5 million. Its business scope covers domestic tourism business, inbound tourism business, outbound tourism business, exhibition activities, conference services, ticketing agents and air ticket sales agents.The next "explosion point" of biomedicine may appear in Shenzhen. "China's pharmaceutical innovation ranks first in the second echelon in the world in terms of the quantitative indicators of R&D pipelines and listed new drugs." A few days ago, Song Ruilin, executive president of China Pharmaceutical Innovation Promotion Association, held the "Star of the Bay Area" biomedical source innovation conference in Shenzhen, and believed that China's pharmaceutical research and industrial development were entering a new stage of innovation. Chen Qiyu, vice president of China Pharmaceutical Innovation Promotion Association and executive director and co-CEO of Fosun International, said that Shenzhen has great advantages and development momentum in linking Greater Bay Area's urban development and AI technology. By leveraging the resources in the Bay Area and making good use of these advantages, it is possible to find a new fulcrum in the future biomedical R&D innovation track, and the next "explosion point" of biomedicine is likely to appear in Shenzhen.The personal pension system has been implemented nationwide since 15th, and national debt and index funds have been included in the product range. Recently, the Ministry of Human Resources and Social Security, the Ministry of Finance, State Taxation Administration of The People's Republic of China, the General Administration of Financial Supervision and the China Securities Regulatory Commission issued the Notice on the Full Implementation of the Personal Pension System. The Notice makes it clear that from December 15th, 2024, all workers who participate in the basic old-age insurance for urban workers or urban and rural residents in China can participate in the personal pension system. The scope of implementation of preferential tax policies has been expanded from 36 leading cities (regions) to the whole country. The Circular stipulates that on the basis of existing wealth management products, savings deposits, commercial old-age insurance and Public Offering of Fund products, national debt, specific old-age savings and index funds will be included in the scope of personal pension products. Financial institutions should do a good job in publicizing the asset allocation of personal pension products, carry out investment consulting services according to laws and regulations, and explore the default investment services. Strengthen the protection of financial consumers and investors, and guarantee the participants' right to know and choose independently. The "Notice" pointed out that the scope of commercial banks offering personal pension services should be carefully determined, and commercial banks should be encouraged to sell all types of personal pension products. Commercial banks should improve online and offline service channels, provide more personalized services for participants to change their bank accounts and receive personal pensions, and provide convenience for wealth management companies, insurance companies and other institutions to carry out personal pension business. The "Notice" clarifies that on the basis of receiving the basic pension age, completely losing the ability to work, going abroad to settle down, etc., participants who suffer from major diseases, receive unemployment insurance benefits to meet certain conditions, or are receiving the minimum living guarantee can apply for receiving personal pensions in advance, and the specific measures will be formulated separately. Participants can apply through social insurance agencies at all levels, the national unified online service portal and commercial banks, and after verification, the commercial banks will issue personal pensions to their social security card bank accounts. The "Notice" requires relevant departments to strengthen supervision according to the division of responsibilities, strengthen information sharing, and promote the standardized operation of the system. At the same time, fully mobilize the enthusiasm of financial institutions and business entities to jointly promote the healthy development of the individual pension system. (CCTV News)