1. On the morning of December 25, the 13th meeting of the Standing Committee of the 14th National People's Congress passed the decision on convening the 3rd meeting of the 14th National People's Congress. According to the decision, the Third Session of the 14th National People's Congress will be held in Beijing on March 5, 2025.
2. The State Administration for Financial Regulation has issued A Notice On Matters Related To The Connection Between Corporate Governance Supervision Regulations And The Company Law. Financial institutions may choose to retain the supervisory board to perform their duties or have the audit committee perform their supervisory board duties based on their own actual situation; Financial institutions with more than 300 employees shall have employee directors on their board of directors.
3. The National Conference on Housing and Urban Rural Development pointed out that by 2025, we will continue to vigorously promote the real estate market to stop falling and stabilize, and focus on releasing demand and improving supply; We must vigorously promote the reform of the sales system for commercial housing and effectively and orderly promote the sale of existing houses; We must vigorously implement urban renewal and plan to carry out a number of urban renewal and renovation projects.
4. According to data from Private Placement Network, as of December 13th, the stock private placement index was 73.47%, a slight increase of 0.06 percentage points from December 6th. Among them, 50.95% of stocks have private equity positions exceeding 80%, and 27.94% of stocks have private equity positions ranging from 50% to 80%.
5. Deloitte China predicts that the total amount of new stock fundraising in the Hong Kong stock market will reach approximately HKD 87.6 billion in 2024, a year-on-year increase of 89%; By 2025, the Hong Kong stock market is expected to see around 80 new stocks listed, with a total fundraising amount expected to reach HKD 130 billion to HKD 150 billion, with the potential to return to the top three global new stock markets.
6. The Jiangsu Provincial Department of Civil Affairs and seven other departments have issued the "Jiangsu Province Elderly Care Institution Pre charge Management Measures", which will be implemented from January 15, 2025, with a validity period of five years. The maximum period for prepayment of elderly care service fees shall not exceed 6 months, and the one-time deposit charged to a single elderly person shall not exceed 12 times the monthly bed fee of the elderly person. The membership fee charged to a single elderly person shall not exceed 12 times the monthly bed fee of the elderly person.
7. TechInsights predicts that HBM shipments will increase by 70% year-on-year in 2025. The surge in demand for HBM is expected to reshape the DRAM market, with manufacturers prioritizing the production of HBM over traditional DRAM products.
8. According to CCTV News, the further optimization of the visa free transit policy has directly led to a significant increase in the number of flight bookings for overseas tourists. From December 17th to 22nd, the number of inbound flights by domestic airlines exceeded 4100, a year-on-year increase of about 33%; The number of inbound tourists exceeded 660000, a year-on-year increase of about 40%.
9. The Sullivan report shows that from 2019 to 2023, the Chinese literacy education market will grow at a compound annual growth rate of 84.1%, from a market size of 2.7 billion yuan to 31 billion yuan. Due to strong demand in the national market, there is still significant room for development in the domestic literacy education market in the next five years.
10.According to data from the Thai Ministry of Tourism and Sports, the number of foreign tourists reached 34.4 million in the year ending December 22, thanks to the relaxation of visa free policies. Chinese tourists ranked first with 6.6 million visitors, followed by Malaysian tourists with 4.8 million visitors, and Indian tourists with 2.1 million visitors ranked third.
