top 3 digital currencies Top Top stories

Shanghai's state-owned assets reform index rose, with the daily limit of First Medicine, Yimin Group, Kaikai Industry and Shanghai Phoenix, and Shanghai 900 rose by more than 8%.The 10th anniversary of the middle route of South-to-North Water Transfer Project, today (12th) is the 10th anniversary of the middle route of South-to-North Water Transfer Project. Up to now, the project has transferred more than 10.6 billion cubic meters of water to Beijing. In the past decade, Beijing has greatly reduced the amount of groundwater exploitation and shut down more than 1,300 self-prepared wells. The groundwater level in the plain area of Beijing has risen for nine consecutive years. The groundwater depth has risen from 25.75 meters in 2015 to 12.61 meters today, and the groundwater reserves have increased by 7 billion cubic meters compared with 2015. There are 81 springs in Beijing that have re-flooded. Since 2019, the five major rivers in Beijing, Yongding River, Chaobai River, North Canal, Juma River and Chanhe River, have all been "flowing rivers" after a lapse of 26 years, and have been flowing into the sea for four consecutive years. (CCTV News)The personal pension system has been implemented nationwide since 15th, and national debt and index funds have been included in the product range. Recently, 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 scope of implementation of preferential tax policies has been expanded from 36 leading cities (regions) to the whole country. 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. 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. The "Notice" pointed out that the scope of commercial banks offering personal pension services should be carefully determined, and commercial banks should be encouraged to sell all types of personal pension products. Commercial banks should improve online and offline service channels, provide more personalized services for participants to change their bank accounts and receive personal pensions, and provide convenience for wealth management companies, insurance companies and other institutions to carry out personal pension business. The "Notice" clarifies that on the basis of receiving the basic pension age, completely losing the ability to work, going abroad to settle down, etc., participants who suffer from major diseases, receive unemployment insurance benefits to meet certain conditions, or are receiving the minimum living guarantee can apply for receiving personal pensions in advance, and the specific measures will be formulated separately. Participants can apply through social insurance agencies at all levels, the national unified online service portal and commercial banks, and after verification, the commercial banks will issue personal pensions to their social security card bank accounts. The "Notice" requires relevant departments to strengthen supervision according to the division of responsibilities, strengthen information sharing, and promote the standardized operation of the system. At the same time, fully mobilize the enthusiasm of financial institutions and business entities to jointly promote the healthy development of the individual pension system. (CCTV News)

OPEC continues to lower its global oil demand forecast. According to Xinhua News Agency, the Organization of Petroleum Exporting Countries (OPEC) released its monthly oil market report on the 11th, lowering its global oil demand forecast for 2024 and 2025. This is the fifth time that OPEC has lowered its global oil demand forecast for this year and next since August this year.PETER LAMELAS was nominated by Trump as the US ambassador to Argentina.According to the data released by Shanghai Steel Union, the price of battery-grade lithium carbonate (in early trading) was the same as that of the previous day, with an average price of 76,450 yuan/ton.

Malaysia established the National Office of Artificial Intelligence Policies and Regulations.Ping An Securities: The gold price center is expected to increase in 2025. Ping An Securities released the 2025 annual strategy report of nonferrous metals and new materials industry, saying that nonferrous metals have entered a stage of high fluctuation in 2024, and the main pricing lines and core variables have changed to varying degrees. 2025 is still a year in which the core contradictions of various varieties continue to ferment, and the monetary attributes of precious metals represented by gold are expected to continue to be prominent. It is expected that the gold price center will still improve throughout the year, and it is recommended to pay attention to Shandong gold and Zhongjin gold; The long-term resource bottleneck of industrial metal copper has bottomed out, and the demand elasticity driven by internal and external policies is expected to be gradually released. It is suggested to pay attention to Zijin Mining and Luoyang Molybdenum Industry; The supply and demand pattern of electrolytic aluminum continues to improve, and the demand side maintains a high growth rate under the shrinking supply elasticity, and the long-term center of aluminum price is expected to further rise. It is recommended to pay attention to Tianshan Aluminum, China Aluminum, Shenhuo and Yunnan Aluminum. Tin resources are in short supply or accelerated transmission, and the gap between supply and demand is further enlarged. It is suggested to pay attention to tin industry shares; At the bottom of the energy metal industry, it is confirmed that enterprises with lower valuation level may enjoy greater flexibility under the marginal improvement of fundamentals. It is recommended to pay attention to enterprises with significant integration advantages, and it is recommended to pay attention to China Mining Resources, Tianqi Lithium Industry and Huayou Cobalt Industry.Green debt base continues to attract gold! Since the beginning of this year, the issuance scale has approached 44 billion yuan. On December 12th, HSBC Jintrust Fund announced that HSBC Jintrust Green Bond Fund was formally established, with the initial raising scale of 5.98 billion yuan. In the first half of this year, the public offering market has issued four green debt bases-Manulife China Bond Green inclusive finance Preferred Index, Oriental China Bond Green Inclusive Theme Financial Preferred Index, Guofu China Bond Green inclusive finance Index and Jiashi China Bond Green Inclusive Theme Financial Preferred Index. Wind data shows that the total issuance scale of these four products reached 31.963 billion yuan, which set off a small climax of debt-based issuance at that time. So far, the issuance scale of green debt base has approached 44 billion yuan during the year. It can be expected that more green debt bases will meet with investors in the future. (CSI Taurus)