1. According to 21st Century Business Herald, the central bank has recently launched a heavy crackdown on illegal and irregular behavior in the bond market, and the first batch of punishment lists has been basically determined. At least three institutions were included in the first batch of punishment lists, each with a fine of over 10 million yuan, mainly related to disrupting market prices, transferring benefits, and lending accounts. It is expected that the central bank will take more measures in the future.
2. According to data from the State Administration for Market Regulation, as of November 30th, the total number of enterprises in China's core digital economy industry reached 4.5741 million, an increase of 17.99% compared to the end of 2023, showing a rapid growth trend. The number of enterprises in Guangdong, Zhejiang, and Shandong provinces ranks among the top three in China, with 753500, 440400, and 400300 respectively.
3. The Intellectual Property Office stated that by 2024, the industrialization rate of effective invention patents for small and medium-sized enterprises in China will reach 55.1%, an increase of 3.6 percentage points year-on-year. Among them, the industrialization rates of small and micro enterprises are 57.8% and 36.7% respectively, which have continued to increase for two consecutive years.
3、知识产权局表示，2024年，我国中小企业有效发明专利产业化率达到55.1%，同比提高3.6个百分点。其中，小型、微型企业产业化率分别为57.8%和36.7%，连续两年持续提升。
4. The Shenzhen Municipal Housing and Urban Rural Development Bureau has issued the "Measures for the Management of Property Rights of Affordable Commercial Housing in Shenzhen", which will be officially implemented from January 2, 2025. After signing the purchase and sale contract for affordable commercial housing for 10 years, the buyer can apply for full property rights by paying the purchase price in accordance with relevant policies and regulations.
5. Recently, Taiyuan City in Shanxi Province has introduced multiple measures to implement capped pre-sale of commercial housing projects, strengthen the supervision of pre-sale funds for commercial housing, and orderly promote the policy of "handing over certificates upon delivery", further regulating the order of the real estate market.
6. According to data from the Shanghai Securities News, as of the end of November, the average return of products under billion dollar private equity has exceeded 17% since the beginning of this year, with positive returns accounting for over 90%. In the process of recovering performance, well-known top private equity positions have maintained an "offensive" state, with their layout mainly focused on domestic demand related sectors and the technology track.
7. According to Securities Times, since 2024, the IPO fundraising scale in the Hong Kong market has reached approximately HKD 79 billion, while the refinancing market has reached HKD 89 billion. Since 2021, the scale of refinancing in the Hong Kong market is expected to surpass that of the IPO market for four consecutive years.
8. According to a report by Luotu Technology, in December, the prices of LCD TV panels with sizes below 55 inches remained stable, with a price increase of $1 for 65 inches and $2 for 75 and 85 inches. It is expected that the price will remain at the level of December this year in January 2025. Overall, it is not ruled out that some of the main players may experience a large-scale upward trend in Q1 next year.
9. Kweichow Moutai said that in 2025, the goal of Maotai flavor liquor company is that the sales growth rate will not be lower than the average growth rate of listed companies in the past five years. In the future, Maotai 1935 will focus on intensive cultivation in the Yangtze River Delta, Pearl River Delta, Beijing Tianjin Hebei and other regions at a price range of 500-800 yuan.
10. CCTV News reported that US President elect Trump stated on December 22 local time that he supports TikTok's continued operation in the United States for a period of time. This is one of Trump's strongest signals so far against TikTok's withdrawal from the US market.
