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Yu Jianhua, director of the General Administration of Customs, died of illness. On December 10, 2024, Comrade Yu Jianhua, secretary of the Party Committee and director of the General Administration of Customs of the Communist Party of China, died unfortunately at the age of 63. (Issued by the Customs)Russian President Vladimir Putin: Russia must become the leader of artificial intelligence technology in the world.Chilean National Mining Association: In 2025, Chile's copper production will be 5.4-5.6 million tons. The Chilean National Mining Association (Sonami) said on Wednesday that it is expected that Chile's copper production will be between 5.4-5.6 million tons in 2025. According to industry forecasts, Chilean miners also expect copper prices to be between $4.2 and $4.5 per pound next year. In September, the Chilean central bank predicted that the average copper price in 2025 would be $4.25 per pound, slightly lower than the previous estimate of $4.30 per pound.

Dow opened up 0.2%, S&P 500 rose 0.5%, Nasdaq rose 0.7%, Macy's fell 10.8%, and lowered its profit forecast for fiscal year. Walgreen fell 3.5%, or "sold herself" to private equity firm Sycamore. Broadcom rose 4.4% and cooperated with Apple to develop AI chips. The number of houses fell by 8.1%, and it is planned to raise $7 million through additional issuance.The Nasdaq rose to 1%, while the S&P 500 index rose 0.58% and the Dow rose 0.1%.Dow opened up 0.2%, S&P 500 rose 0.5%, Nasdaq rose 0.7%, Macy's fell 10.8%, and lowered its profit forecast for fiscal year. Walgreen fell 3.5%, or "sold herself" to private equity firm Sycamore. Broadcom rose 4.4% and cooperated with Apple to develop AI chips. The number of houses fell by 8.1%, and it is planned to raise $7 million through additional issuance.

Fosun Travel responded to privatization: a transitional measure focusing on the light asset model. Following the change of CEO, Fosun Tourism Culture Group (hereinafter referred to as "Fosun Travel") started the privatization process again. On December 11th, in response to Fosun Travel's plan to privatize and delist Hong Kong stocks, Fosun Travel responded that this privatization proposal is based on the decision made by the company's long-term development, and the company will pay more attention to the transition of light asset model. After the privatization is completed, Fosun Travel will continue to maintain the normal operation of its existing business. Nowadays, for Fosun Travel, it can be said that it has reached a "crossroads" of transformation. Some experts in the industry have analyzed that at this time of privatization, Fosun Travel may have transformation needs, and the current low valuation of Hong Kong stocks will allow enterprises to maintain their stock prices at more cost. In fact, in recent years, some tourism enterprises have been privatized and delisted, but when making privatization decisions, they still have to weigh the pros and cons. (beijing business today)Commercial banks speed up the disposal of bad personal loans, and AMC plays a channel role. With the accelerated disposal of bad retail credit assets by commercial banks, the market size of bad personal loans has gradually grown, and there are hundreds of bad assets announcements listed and transferred in Yindeng Center, involving personal consumption and business loans, credit card overdrafts, etc. In order to improve the quality and efficiency of personal loan non-performing assets disposal, banks have also accelerated organizational restructuring and staffing accordingly, abandoned the past model of simply docking asset management companies (AMC) and chose to actively promote non-performing assets to connect the upstream and downstream of the industry, so as to improve the transfer efficiency of personal loan non-performing assets. Industry insiders told reporters that the personal loan NPL market is accelerating, but there are also problems such as low transfer efficiency and limited profit space. At present, the mainstream model is that banks seek reliable unlicensed private institutions to dispose of personal loan NPLs through AMC, and AMC earns channel fees, and the disposal institutions earn excess income, usually at an annual rate of 8%~10%. (CBN)The war-torn people in Syria are in fear, and the sudden escalation of the situation in Syria has plunged the country into a new round of violence. The air strikes in recent days have made the Syrian people nervous and live in fear all day. (CCTV)