1. The Cyberspace Administration of China, along with three other departments, has decided to launch a special campaign from November 24, 2021, to February 14, 2025, to address typical problems in the algorithmic operation of internet platforms. It is strictly forbidden to use algorithms to engage in big data "price discrimination"; in-depth efforts will be made to rectify the "information cocoon" and addiction problems; and measures will be taken to prevent blind pursuit of profits from harming the rights and interests of new-type employment workers.
2. The chairman of the European Parliament's trade committee said that the EU must recalibrate its competition policy after Trump's presidency. There is at least a chance of reaching an agreement on tariffs related to Chinese electric vehicles. In addition, the EU is still negotiating with China on electric vehicles and is about to reach a solution to eliminate tariffs with China.
3. Shanghai Securities News reports that the Shanghai second-hand housing market has continued to be active. On November 23, the number of transactions was 1,224 and the transaction area was 96,350.25 square meters. As of November 23, the number of transactions in Shanghai this month has exceeded 20,000, reaching 20,333.
4. According to the China Securities Journal, the heat for mergers and acquisitions among listed companies has been rising this year. In October, the number of companies announcing major restructuring reached a monthly high, and since then, 46 listed companies have issued announcements related to mergers and acquisitions. However, during the same period last year, only 7 listed companies issued such announcements.
5. CITIC Securities report believes that the current market's pricing mainstay is currently transitioning from individual investors to institutional investors, and the housing prices and credit signal that institutions are paying attention to still need to be observed; the market is currently standing at the starting line of the annual marathon-level rally, waiting for the starting gun of housing prices and credit, and in terms of allocation, investors can use some low-valuation cyclical stocks as a transition in the short term, and actively increase their allocation to high-quality growth and domestic consumption once the signal is clear.
6.Wellsenn XR predicts that starting from 2025, AI smart glasses will rapidly penetrate traditional glasses; by 2029, the annual sales volume of AI smart glasses is expected to reach 55 million units; by 2035, the sales volume is expected to reach 1.4 billion units. The new AI wave will boost the edge computing demand for a huge number of IoT devices in the future.
7. Nvidia CEO Jensen Huang said that Nvidia is evaluating Samsung Electronics' 8-layer stacked and 12-layer stacked HBM3E memory chips, which are designed to enhance AI processing capabilities.
8.CCTV News reports that the Baku Climate Summit on November 24 reached a package of results on new collective quantitative targets for climate financing, the global carbon market mechanism under Article 6 of the Paris Agreement, etc. By 2035, developed countries should provide $300 billion annually to support climate action in developing countries.
9.Nippon Kawasaki Kensetsu Co. announced that the No. 2 reactor at the Onagawa nuclear power plant, which was recently restarted, has entered a "temporary shutdown" state to conduct inspections on equipment and devices. After the inspections are completed, the reactor will be restarted, and it is expected to enter the commercial operation mode as early as December.
10.According to data from the Financial Supervision Bureau, at the end of October, the outstanding balance of inclusive small and micro enterprise loans nationwide was 3.245 trillion yuan, up 14.98% year-on-year, which was 7.47 percentage points higher than the growth rate of all loans. Among them, the outstanding balance of credit loans to inclusive small and micro enterprises grew by 30.56% year-on-year, continuing to maintain high growth.
