bitcoins bank, Top stories

Xinke Materials: It is planned to invest 87.5 million yuan to build a copper cable project. Xinke Materials announced that Xinzi Nengke, a wholly-owned subsidiary of the company, plans to invest 87.5 million yuan to build a copper cable project for high-speed copper connection in Santai County, Sichuan Province. The project will have an annual output of 40,000 kilometers of copper cables. The planned construction period is 16 months, and the sales revenue in the year of reaching the standard is expected to be 180 million yuan. The project is funded by the company itself, aiming at expanding the industrial chain and improving the market competitiveness.Jinlong Automobile: It received a government subsidy of 26,858,500 yuan. Jinlong Automobile announced on the evening of December 10th that the company and its subsidiaries received a total of 26,858,500 yuan from September 3rd to December 6th.Market news: South Korean minister asked the opposition party not to impeach officials to prevent a government vacuum.

The loose monetary signal ignited the bond market. The yield of 10-year government bonds hit 1.83% and hit a new low. Affected by the loose monetary signal, the yield of 10-year government bonds once again hit a record low. During the session on December 10th, the yield of the 10-year active bond "24 Treasury Bond 11 with Interest" (240011) fell by 7.5BP (basis point) and hit 1.8300%, hitting a record low. The yield of 30-year active bond "24 Special Bond 06" (2400006) also went down all the way, falling to 2.0450%, down 4BP from the previous day. Treasury futures rose strongly all day, and the 30-year main contract closed up 1.37%, setting a record high. The ETF market of government bonds was all red, and the 30-year ETF rose by 1.87%. Politburo meeting of the Chinese Communist Party, held on the 9th, sent a signal of steady growth, which formed a favorable support for the bond market. For the economic work in 2025, the meeting first mentioned "extraordinary countercyclical adjustment", and the tone of monetary policy changed from "steady" that lasted for 14 years to "moderately loose". The loose monetary signal pushes the bond market to strengthen. According to industry analysts, the debt bull will continue in the future, and the yield of 10-year government bonds can be seen as low as 1.6%. However, there are also views that if the economic fundamentals continue to run in 2024 next year, the bond market yield will rebound in the future and need to be treated with caution. (CBN)The co-founder of OpenAI expressed his hope to provide products in Europe, and Sam Altman, CEO of OpenAI, posted on social media X that he hoped to provide the company's products in Europe. "We want to provide our products in Europe ... we must also abide by the regulations," Altman said on X. Altman also said in the post that the release of European products may be delayed and some services may not be available.The front page of the China Securities Journal: Focus on synergy and cohesion to boost confidence in the stock market. The article said that the the Political Bureau of the Communist Party of China (CPC) Central Committee meeting held on December 9 proposed to "stabilize the property market and the stock market". Market participants believe that the key to stabilizing the stock market is to enhance the internal stability of the market, enhance the investment value of listed companies, crack down on securities crimes, strengthen investor protection, and effectively boost investor confidence. This is a systematic project, involving many aspects, which needs to be exerted in the same direction and form a joint force. The emphasis on coordination, grasping the key, will help to better cohesion and create good conditions for the healthy development of the capital market.

The front page of the China Securities Journal: Focus on synergy and cohesion to boost confidence in the stock market. The article said that the the Political Bureau of the Communist Party of China (CPC) Central Committee meeting held on December 9 proposed to "stabilize the property market and the stock market". Market participants believe that the key to stabilizing the stock market is to enhance the internal stability of the market, enhance the investment value of listed companies, crack down on securities crimes, strengthen investor protection, and effectively boost investor confidence. This is a systematic project, involving many aspects, which needs to be exerted in the same direction and form a joint force. The emphasis on coordination, grasping the key, will help to better cohesion and create good conditions for the healthy development of the capital market.Brazil said that Brazilian Vice President Alkmin will take over the presidency when President Lula recovers from craniotomy.Many European countries suspended the acceptance of Syrian asylum applications. On the occasion of the drastic changes in Syria, many European governments announced on the 9 th that they would suspend the acceptance of Syrian citizens' asylum applications. According to media reports, countries that have announced the suspension of accepting applications include Germany, Austria, Britain, France, Belgium, the Netherlands, Switzerland, Denmark, Sweden, Norway and Italy. The Greek government is scheduled to meet on the 13th and then announce the final decision. Germany has now taken in nearly one million Syrians, the largest in Europe. Syria remains Germany's largest source of refugees this year. According to data from the German Federal Office for Migration and Refugees, as of the end of November, more than 72,000 asylum applications were received, of which more than 47,000 had not completed the approval process. The German government said that the suspension of the application will not affect those who have been approved to take refuge in Germany.