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The personal pension system with national debt and index funds included in the product range was implemented nationwide on 15th, and 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 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. Encourage financial institutions to research and develop financial products such as personal pension savings, medium and low volatility or absolute income strategic fund products that meet the long-term pension needs, and reasonably determine the term and interest rate of personal pension savings. 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.Hang Seng Science and Technology Index rose to 1%, while Kewang shares rose, with Billie Billie (09626.HK) rising by over 4%, Baidu (09888.HK) rising by 2.8%, Aauto Quicker (01024.HK), Tencent Holdings (00700.HK) rising by 1.8% and Alibaba (09988.HK) rising by over 1%.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.

The securities sector continued to rise, and Guolian Securities closed the daily limit. Prior to this, Guosheng Financial Holdings had three consecutive boards, and Harbin Investment, Southwest Securities, Huaxin Shares and Cinda Securities followed suit.The annual passenger flow at the West Kowloon Station Port exceeded 25 million for the first time. It was learned from the West Kowloon Border Inspection Station of Shenzhen Border Inspection Station that as of 24: 00 on December 11th, the cumulative passenger flow at the West Kowloon Border Inspection Station exceeded 25 million for the first time this year, accounting for 36.7% of the total passenger flow since the opening of the West Kowloon Station Port, an increase of 36.5% compared with last year, an increase of 33% on average daily passenger flow, and 32.5% of foreign passengers entering the country without visas. Inspection ensures that cross-border trains increase by 36% year-on-year, and "customs clearance flow" helps "economic growth", injecting border inspection momentum into the country's high-level open and high-quality development. (Voice of Greater Bay Area)Shanghai Nickel's main contract has expanded, and now it has risen by more than 3% to 129,170 yuan/ton.

Market News: Mossad leaders visited Doha, Qatar, on Wednesday to hold a Gaza negotiation meeting with Qatar's Prime Minister.Domestic big model fierce battle video generation track domestic video big model broke out in a concentrated way. Recently, all kinds of funny videos made with AI big model became popular on the Internet. Behind this is the rapid rise of domestic video models, and the threshold of Wensheng video and Tusheng video has been greatly reduced. At the end of March this year, the "Dream AI" platform was tested internally, and the web version was opened in May, and it was officially put on the mobile terminal in August. On June 6th, official website, a large model of "Keling" video generation, was officially launched, and 15 days later, it announced the launch of graphic video function. Various video generation models of Internet vendors have mushroomed. On July 4th, Shangtang Technology released Vimi；, a large model of character video generation; On July 6, the online AI generated a clear image of the video model; On September 19, Alibaba Cloud Tongyi Wanxiang released a video generation model, which launched the functions of Wensheng video and Tusheng video. On December 3rd, the video generation function of Tencent Hybrid Model was launched. The industry believes that at present, the domestic large-scale video model has significantly improved the consistency, controllability and richness of the picture. After improving the imaging quality and breaking through the bottleneck of generation time, it is expected to greatly open up the downstream commercial space.The Chinese representative called for promoting the political process in Yemen and stressed respect for sovereignty and peace. On the 11th local time, the UN Security Council held a meeting on the situation in Yemen. In his speech, the Chinese representative called on all parties to the Yemen conflict to take practical actions and jointly promote the political process of resolving the Yemen issue. Geng Shuang, China's deputy permanent representative to the United Nations, said that Israel and Houthi forces have been attacking each other, and Israel recently said it would consider launching a new large-scale attack on Yemen, which is deeply worrying. At the same time, the recent dramatic changes in the situation in Syria have brought new unstable factors to the whole Middle East, and the situation in Yemen and the Red Sea may also suffer new shocks. China once again calls on Houthi armed forces to stop harassing merchant ships of various countries in the Red Sea waters and maintain the safety of the navigation channels in the Red Sea waters. At the same time, it calls on all parties concerned to maintain calm and restraint and stop actions that aggravate tensions. (CCTV News)