News

According to Jiji Press: Japan's House of Representatives is expected to pass an additional budget for fiscal 2024 on Thursday.

Indian Trade Minister: India needs to focus on the services value chain.

Indian Trade Minister: India's services trade will soon reach 50% of total trade.

India's Chief Economic Advisor: Continuing to support high-quality capital expenditure will be the driving force for maintaining India's economic growth.

According to AFP: Australia will force tech giants to pay for news shared on their platforms.

India's Chief Economic Advisor: Trade restrictions and the emergence of blocs that affect investment flows.

India's Chief Economic Advisor: Maintaining economic growth remains a top priority, and we will be able to achieve a growth rate of 6.5%-7% in fiscal year 2025.

Chinese brokerage stocks in Hong Kong stocks strengthened, with Guolian Securities (01456.HK) rising more than 13%, China Merchants Securities (06099.HK) rising more than 6%, and Everbright Securities (06178.HK) and CITIC Securities (06030.HK) following suit.

Goldman Sachs: If the January branch managers' meeting concludes that small and medium-sized enterprises lack the motivation to raise wages next year, the Bank of Japan may postpone the rate hike until March or April next year.

Hong Kong-listed insurance stocks rose, with New China Life Insurance (01336.HK) up more than 4%, China Life Insurance (02628.HK) up 3.6%, Ping An Insurance (02318.HK) up more than 3%, and China People's Insurance Group (01339.HK) and China Pacific Insurance (02601.HK) following suit.

Trader: The Reserve Bank of India is suspected of selling dollars around the 84.86 level of USD/INR.

Goldman Sachs: We believe that the Bank of Japan has not yet reached a point where it can judge itself to be sufficiently confident about the outlook. In this case, we expect the Bank of Japan to maintain its policy rate at 0.25% at its December meeting.

Hong Kong stocks rose, with the Hang Seng Index up more than 1%, the Hang Seng Tech Index up 1.47%, and technology and internet stocks strengthening.

Market News: Brian Quintenz has emerged as the top contender for chairman of the U.S. Commodity Futures Trading Commission (CFTC).

Trump says he has nominated Kari Lake to be director of Voice of America.

The U.S. Justice Department asked the court to reject a request by ByteDance and TikTok to delay a law that would have banned the apps until Jan. 19, court documents show.

U.S. Department of Defense: U.S. Secretary of Defense Austin emphasized the importance of close consultations between the United States and Israel on the situation in Syria in a call with the Israeli Ministry of Defense.

【RMB midpoint rate in the interbank foreign exchange market on December 12, 2024】USD/RMB reported 7.1854, up 11 points (RMB depreciation); EUR/RMB reported 7.5789, down 215 points;HKD/RMB reported 0.92416, up 2.4 points; GBP/RMB reported 9.2066, down 154 points;AUD/RMB reported 4.6084, down 9 points; CAD/RMB reported 5.1035, up 72 points;JPY/RMB reported 4.7488, down 137 points; RMB/Russian Ruble reported 14.5604, up 3421 points;NZD/RMB reported 4.1889, down 89 points; RMB/Ringgit reported 0.61381, up 0.7 points; Swiss franc/RMB reported 8.1610, down 114 points; SGD/RMB reported 5.3713, down 89 points.

The number of part-time employed people in Australia in November was -17,000, compared with 6,200 in the previous month.

The number of full-time employed people in Australia in November was 52,600, compared with 9,700 in the previous month.