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Tsinghua University National Key Laboratory Base was established in Changping National Heavy Base at the end of the first phase. At present, Changping District is cooperating with Tsinghua University to build Tsinghua Nankou National Heavy Base, revitalizing the industrial remains of the "three major factories" in Nankou Town through urban renewal, and undertaking more than 14 national key laboratories in Tsinghua University. It is expected to be put into use in 2025, which will be the largest and most concentrated national key laboratory research base outside the main campus of Tsinghua University. Among them, two laboratories, Intelligent Green Vehicle and Transportation and New Power Operation and Control, will be completed and unveiled at the end of December this year. (Beijing Daily)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.With a case value of 6.891 billion yuan, the Anti-smuggling Bureau of Huangpu Customs launched a special campaign to crack down on smuggling and fraudulent tax refund, which was announced by the Customs. Recently, the Anti-smuggling Bureau of Huangpu Customs, together with the Third Branch of the Securities Crime Investigation Bureau of the Ministry of Public Security, the Economic Investigation Corps of the Hunan Provincial Public Security Department and the Yueyang Public Security Bureau of Hunan Province, launched a special campaign to crack down on smuggling and fraudulent tax refund, and simultaneously carried out arrests and investigations in Dongguan, Shenzhen, Guangzhou, Yueyang and Jinjiang. After preliminary investigation, criminal gangs were suspected of smuggling imported LCD screens and integrated circuits with a case value of 756 million yuan, falsely issuing special invoices for value-added tax and defrauding export tax rebate of 6.135 billion yuan, with a total case value of 6.891 billion yuan.

Minister of Finance Lan Foan attended and delivered a speech at the launching ceremony of the China-World Bank Group Global Ecosystem and Transformation Center. On December 8, the Ministry of Finance and the World Bank jointly held the launching ceremony of the China-World Bank Group Global Ecosystem and Transformation Center (hereinafter referred to as the Global Center). Lan Foan, Minister of Finance, delivered an opening speech with Peng Anjie, President of the World Bank, and signed a memorandum on the Global Center and an agreement on the renewal of the China-World Bank Group Partnership Fund. Liao Minyi, Vice Minister of Finance, and Philo, Vice President of the East Asia and Pacific Region of the World Bank, made closing remarks. More than 100 Chinese and foreign representatives from more than 20 embassies and international organizations in China, as well as relevant domestic departments and research institutions attended the event. Lan Foan emphasized that in the past decade, the central government has invested nearly 6 trillion yuan to fully guarantee the construction of beautiful China. The "gold content" of China's ecological environment has improved significantly, and the "green content" of its development has increased significantly. At the same time, China has assumed the responsibility of a big country, demonstrated its role as a big country, and achieved a major transformation from a participant to a leader in global environmental governance. China is willing to take the global center as a bridge, share China's experience in ecological protection and development, and embark on the road of green transformation together with other countries.Institution: The battery price stabilized in November, and it is expected to rise slightly in 2025. On December 12, according to the latest research of TrendForce Jibang Consulting, in November 2024, the sales of electric vehicles in China continued to increase, which boosted the demand for power batteries, and the price of Ferrous lithium phosphate batteries remained stable, while the ternary batteries declined slightly. The demand for batteries in the energy storage market maintained the peak season characteristics, and with the price advantage of large-capacity batteries, the proportion of shipments increased. However, the average price of energy storage batteries continued to decline in November due to the slowdown in demand for orders at the end of the year. The agency expects that the price of some lithium battery materials may rise slightly in the peak season of 2025, which is expected to repair the serious losses of the company in the early stage. However, due to the fact that the relationship between supply and demand has not changed from surplus to shortage, the expected increase in material prices is limited, and battery manufacturers actively control costs, the battery price trend will be stable next year.China Resources Property Company responded to the explosion of high-rise residential buildings in Shenzhen Bay Yuefu. On December 12, China Resources Property Company responded to the explosion of high-rise residential buildings in Shenzhen Bay Yuefu: Next, the property company will fully cooperate with relevant government departments to do the aftermath, help and care for residents as much as possible, and tide over the difficulties with them.

Afternoon comments on Hong Kong stocks: Hang Seng Index rose by 1.72%, Hang Seng Technology Index rose by 2.55%, Hong Kong stocks closed at noon, Hang Seng Index rose by 1.72% and Hang Seng Technology Index rose by 2.55%. Chinese brokerage stocks and consumer stocks were among the top gainers, with China Merchants Securities, Mengniu Dairy and Tongcheng Travel up over 7% and over 5% respectively.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.A former employee of Adebio was sentenced and involved in AstraZeneca employees' insurance fraud case. A former employee of the genetic testing company Aidebio, which worked closely with AstraZeneca, committed medical insurance fraud together with AstraZeneca sales staff during his tenure in the company. He was sentenced to three years' imprisonment and fined for fraud, and I pleaded guilty. A judgment obtained shows that Ma, a former employee of Aide Bio involved in the case, conspired with AstraZeneca employees to tamper with the genetic test report during his tenure. He began to accept public security investigation in September 2021 and was sentenced in August 2023. However, on December 9, 2024, the company replied that "there is no problem (cooperation with AstraZeneca), which has no impact on us and has nothing to do with us" and denied that any employees were involved. (financial magazine)