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China Merchants Bank: Simon Chung's qualifications as a director and chief risk officer have been approved. China Merchants Bank Co., Ltd. announced that the company received the Reply of the State Financial Supervision and Administration on the Qualifications of Directors and Chief Risk Officers of China Merchants Bank in Simon Chung (Jin Fu [2024] No.800). According to the above reply, the qualifications of directors and chief risk officer of Simon Chung China Merchants Bank have been approved. Simon Chung's term of office as executive director and chief risk officer of the Company shall take effect from the date of approval on December 6, 2024, until the expiration of the 12th Board of Directors of the Company.CITIC Jiantou interprets the Politburo meeting in December: it opens up the market's expectation of monetary easing space in 2025. CITIC Jiantou Research Report pointed out that there are six obvious expressions of the positive signal of the Politburo meeting in December: 1. "Implementing a more active and promising macro policy"; 2. "Stabilize the property market and stock market"; 3. "Strengthening unconventional counter-cyclical adjustment"; 4. "We should vigorously boost consumption"; 5. "More active fiscal policy"; 6. "moderately loose monetary policy". The most concerned is the last expression, "moderately loose monetary policy". For most of the time, the Politburo used the word "steady" to describe the currency. This time, it adopted the rare "moderate easing", which opened the market's expectation for the monetary easing space in 2025. The "liquidity trap" recently discussed in the market does not apply to China, and monetary easing can solve a considerable part of the problem of weak domestic demand. From the perspective of trend, observing the future domestic demand trend of China, what needs to be tracked most is the currency. From the short-term emotional point of view, "stabilizing the property market and stock market" will become a short-term market trading point.National Medical Products Administration publicly solicited opinions on the Announcement (Draft for Comment) on Simplifying the Registration and Approval of Traditional Oral Chinese Patent Medicines Listed in Hong Kong and Macao on the Mainland. According to the website of National Medical Products Administration, in order to implement the strategic plan of national construction in Guangdong-Hong Kong-Macao Greater Bay Area, further support the development of Chinese medicine in the Hong Kong Special Administrative Region and the Macao Special Administrative Region, and better integrate into the overall situation of national development, National Medical Products Administration drafted the Announcement (Draft for Comment) on Simplifying the Registration and Approval of Traditional Oral Chinese Patent Medicines Listed in Hong Kong and Macao on the Mainland, which is now open to the public for comments.

Market news: Mohammed Al Bashir will form a transitional government.According to sources, Greece will repay the first batch of rescue loans of 7.9 billion euros in advance on December 13th.US stocks of Interpublic Group rose nearly 16% before the market, and Omnicom once fell more than 5%. Omnicom, a large advertising and public relations company, will acquire Interpublic Group by way of stock exchange.

British Prime Minister Stamer meets UAE President.Liang Wang was awarded the best men's doubles of the year. On December 9, Hangzhou, the awarding ceremony of the 2024 World Badminton Federation's Best Athlete of the Year Award and the Hall of Fame selection ceremony were held. Liang Weikeng/Wang Chang won the best men's doubles combination of the year.UAE Foreign Ministry official: Pay close attention to the development of the situation in Syria; Emphasize the importance of safeguarding Syrian unity and protecting its national institutions.