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Thirteen people lost contact due to the road collapse in Shenzhen, Guangdong Province. According to the website of the Emergency Management Department on December 11, the the State Council Work Safety Committee issued the Notice on Handling Major Production Safety Accidents on December 10. On December 4, 2024, a major road collapse accident occurred at the construction site of No.5 bid section of Shenjiang Railway in Hangcheng Street, Baoan District, Shenzhen, which has caused 13 people to lose contact. According to the Measures for Handling Major Accidents, the the State Council Safety Committee decided to supervise the handling of this major accident. Guangdong Province should, in accordance with the Regulations on the Reporting, Investigation and Handling of Production Safety Accidents and other relevant laws, regulations and rules, promptly organize accident investigations, quickly identify the cause of accidents, and study and put forward handling opinions in strict accordance with the requirements of accident investigations. Before the accident is closed, the accident investigation report (not finalized) shall be submitted to the the State Council Safety Committee Office for examination and approval, and Guangdong Province shall be responsible for approving the case and announcing it to the public. After the case is closed, the accident investigation report and the implementation of the accident handling decision shall be reported to the the State Council Safety Committee Office for the record.CF40 Research: Three Channels to Expand Domestic Demand. An article published by Guan Wei of China Financial Forty Forum (CF40) pointed out that the expansion of total demand, whether it is to expand consumption or investment demand, should be implemented on credit growth. When credit goes up, residents, enterprises and governments have more money in their pockets, so do expenditures and incomes, as well as profits and investments. At present, there are three main ways to expand credit: first, fiscal policy is exerted and the government borrows money; Second, the monetary policy will exert its strength and reduce the policy interest rate; The third is to stabilize the real estate market, and there can be no further sharp decline. In terms of finance, maintain the intensity of fiscal expenditure in a broad sense, and moderately increase the fiscal deficit to 4% in 2025. In terms of monetary policy, we should take reducing the real interest rate as an important goal, continue to implement "strong interest rate reduction", and timely reduce the interest rate of structural monetary policy tools below the policy interest rate level. In terms of the property market, it will ease the current cash flow pressure faced by real estate enterprises and promote the real estate to stop falling and stabilize from both ends of supply and demand.Henan: Users with large electricity consumption are encouraged to configure efficient and flexible energy storage systems to realize peak load shedding and valley filling. The General Office of the People's Government of Henan Province issued a notice on the implementation plan of accelerating the integration of source, grid, load and storage in Henan Province, which proposed to actively develop diversified energy storage routes. Encourage the incremental distribution network to build long-term energy storage facilities to alleviate the long-term balance adjustment pressure caused by the mismatch between new energy generation characteristics and load characteristics. Encourage users with large electricity consumption to configure efficient and flexible energy storage systems, realize peak shaving and valley filling, and promote the time-space matching of power generation and electricity consumption. In areas with high reliability requirements for power supply such as transportation and communication, we will encourage the construction of new mobile or fixed energy storage facilities to improve emergency power supply support capabilities.

In November, the scale of wealth management exceeded expectations, and the scale of 14 wealth management companies increased by over 420 billion yuan. In November, the product scale of wealth management companies ushered in a general increase. According to the obtained data, in November, there were 6 state-owned wealth management companies and 8 joint-stock wealth management companies (CMB, Xingyin, Everbright, Xinyin, Ping 'an, Huaxia, Puyin and Minsheng), totaling 14 wealth management companies, with a survival scale of nearly 22.6 trillion yuan, an increase of more than 420 billion yuan compared with October, and the growth rate was slightly lower than the impact of capital backflow in October. (21st century business herald)Guosen Securities: The public offering of corporate bonds to professional investors was approved by the China Securities Regulatory Commission. Guosen Securities announced that the company had received the approval of the China Securities Regulatory Commission to publicly issue corporate bonds with a total face value not exceeding 20 billion yuan to professional investors. This issuance of corporate bonds shall be conducted in strict accordance with the prospectus submitted to Shenzhen Stock Exchange. The reply shall be valid within 24 months from the date of consent to registration, and the company may issue corporate bonds in installments within the validity period of registration.*ST Hanma: The reorganization plan of the company and its five subsidiaries was approved by the court. On December 11, 2024, the company and its five subsidiaries, Anhui Valin Automobile Co., Ltd., Anhui Xingma Special Purpose Vehicle Co., Ltd., Anhui Fuma Automobile Parts Group Co., Ltd., Anhui Fuma Electronic Technology Co., Ltd. and Wuhu Fuma Automobile Parts Co., Ltd., received the court ruling, approved their reorganization plans and terminated the reorganization procedures, and then entered the implementation stage.

South Korean Finance Minister and US Treasury Secretary Yellen confirmed that they will work closely together.The Bank of Korea increased its liquidity to try to calm the market sentiment, and the Bank of Korea increased its capital injection into the financial market, promising to provide "unlimited liquidity" after the political turmoil intensified. According to the website of the Bank of Korea, the liquidity increased by 14.1 trillion won ($9.8 billion) through repurchase operations last week. The scale of such operations was 18.5 trillion won in November and only 1.5 trillion won in October.Tomato Fiction: In the coming year, 200 million yuan will be invested to support fine content. On December 11th, at the Tomato Fiction Creators' Conference, Tomato Fiction announced that it will invest 200 million yuan in cash to support fine content in 2025, and continue to launch a series of support plans to make efforts in IP ecology. In 2024, tomato novels launched more than 10 support programs, and a total of 120 million yuan of extra bonuses were distributed.