types of crypto currency, Overview

China contributes about 30% to the world economic growth, and China is confident to achieve the annual economic growth target. At the "1+10" dialogue meeting, the heads of ten major international economic organizations were all present to meet and have a dialogue with Chinese high-level officials. Many domestic experts and scholars said that the "1+10" Dialogue was held at the right time. The current world economic situation faces many difficulties and challenges, and unilateralism and protectionism are rampant. China needs to work closely with major international economic organizations, adhere to multilateralism, and safeguard free trade and economic globalization. Statistics show that China, as the second largest economy in the world, keeps its contribution rate to the world economic growth at around 30%, and it also plays a key role in the global supply chain. This year, China is fully confident to achieve the annual economic growth target and will continue to play the role of the biggest engine of world economic growth. (CCTV Finance)Baodi Mining: Haiyi Investment reduced its shareholding to less than 5%. Baodi Mining announced that Haiyi Investment, a shareholder holding 5%, reduced its shareholding by 100 shares on December 10, 2024 through centralized bidding, and its shareholding ratio was reduced from 5% to 5%, and it was no longer a shareholder holding more than 5%. This change in equity will not lead to changes in the controlling shareholder or actual controller of the company, nor will it affect the corporate governance structure and going concern. Haiyi Investment's reduction plan has not yet been implemented, and the company will continue to pay attention to its progress and fulfill its information disclosure obligations as required.On the 10th, the 30-year treasury bond futures rose by 1.37%, and the latest main contract positions changed as follows. According to the data of the Exchange, as of December 10th, the main contract 30-year treasury bond futures closed at 2503, up or down by +1.37%, with a turnover of 97,100 lots. The position data showed that the top 20 seats were clear, and the difference position was 3,150 lots. The total number of 30-year treasury bond futures contracts was 111,900 lots, an increase of 46,200 lots over the previous day. The first 20 seats in the contract held 79,100 lots, a decrease of 1,208 lots from the previous day. The top 20 seats in the contract held 86,000 short positions, a decrease of 3,055 lots from the previous day. (Sina Futures)

Without the government's approval, the South Korean National Assembly passed the budget reduction bill for next year. On the 10th, the South Korean National Assembly held a plenary meeting and adopted a cut version of the 2025 budget with a total amount of 673.3 trillion won (about 3.41 trillion yuan). According to Yonhap News Agency, this is the first time that the South Korean National Assembly passed the budget without agreement between the ruling party and the opposition party. In the 300-seat parliament, 278 members voted on the budget, 183 were in favor, 94 were against and 1 abstained. The ruling National Power Party and some opposition party members voted against it. This budget is one of the focal points of the recent struggle between the ruling and opposition parties in South Korea and one of the factors inducing the current political chaos. The original budget proposed by the government was 677.4 trillion won, but the largest opposition party, the Common Democratic Party, demanded a reduction of 4.1 trillion won, mainly involving the government reserve fund, the special activity expenses of the presidential secretary's office and the national security office, the special work expenses and special activity expenses of the procuratorate and the supervision institute. (Xinhua News Agency)The semiconductor ETF(512480) closed up 1%, and it received a net subscription of 481 million yuan yesterday, ranking first among stock ETFs! On December 10th, the semiconductor ETF(512480) closed up 1% with a turnover of 2.513 billion yuan. The constituent stocks are mixed. In terms of rising, SMIC leads the gains, while Chinese and micro companies follow. In terms of decline, Lanqi Technology led the decline, and Changdian Technology followed suit. In terms of capital inflow, on December 9, the semiconductor ETF(512480) received a net subscription of 481 million yuan, ranking first among stock ETFs. Hua Fu Securities said that the localization of semiconductor materials is accelerating, and the downstream fabs are expanding rapidly, so it is optimistic about maximizing the industrial dividend advantage of the head enterprises. In terms of electronic chemicals, the downstream wafer factory is gradually completed, and the chip production capacity is expected to continue to be released. Downstream demand promotes industrial upgrading and innovation, and the industry has entered a period of rapid development. With the continuous promotion of manufacturing upgrading in China, the demand for high-standard and high-performance materials will be gradually released, and the new material industry is expected to develop rapidly.The interest rates of 10-year treasury bonds and CDB active bonds all went down by about 5bp, while those of 24 interest-bearing treasury bonds went down by 4.9bp to 1.856%, and those of 24 CDB dropped by 5.25bp to 1.9175%.

Israeli Defense Minister: The Israeli navy destroyed the Syrian navy at night.Hundreds of people were killed or injured in an air raid on a market in western Sudan. On December 10th, local time, the Sudanese non-governmental organization "Emergency Lawyers Association" said that an air raid on a market in Kabkabiya, Northern Darfur, western Sudan, had caused more than 100 civilian deaths and hundreds more injuries.EUR/GBP fell 0.3% to 0.8249, the lowest point since March 2022.