South Korea's chaebol triggered public outrage among investors, and regulators began to show their swords and rectify. For half a century, South Korea's oligarchs have dominated almost every economic field. They are in charge of corporate giants, making waves in political circles, carefully planning mysterious business transactions, and sacrificing the interests of shareholders while making profits for themselves. Regulators and investors began to show their swords. South Korean President Yin Xiyue announced that martial law was hastily lifted, or faced the fate of stepping down. The current political situation may accelerate this counterattack process again.Market News: The Knesset group approved a bill to increase deficit ratio's GDP to 7.7%, which will be submitted to the Knesset plenary session for voting.On the 11th, the No.20 glue rose by 1.24%, and the latest main contract positions changed as follows. According to the exchange data, as of December 11th, the main contract No.20 glue 2502 closed, up or down by +1.24%, with a turnover of 129,000 lots. The position data showed that the top 20 seats were clear, and the difference position was 7011 lots. A total of 165,900 lots were traded in the No.20 rubber futures contract, a decrease of 59,300 lots from the previous day. The first 20 seats in the contract held 86,900 lots, an increase of 6,181 lots over the previous day. Short positions in the top 20 seats of the contract were 98,100 lots, an increase of 4,267 lots over the previous day. (Sina Futures)
Jizhi Co., Ltd.: Signed a supplementary agreement on development cooperation of 1.1 million yuan, and Jizhi Co., Ltd. announced that the company signed a supplementary agreement on entrusted development cooperation projects with Jiang Laboratory and Hangzhou Dilting Intelligent Technology Co., Ltd. According to the agreement, all parties have completed the development of intelligent underwater acoustic signal products, and will accelerate the application, promotion and industrialization of related products. The supplementary agreement stipulates that Jizhi shares will donate 1.1 million yuan to Zhejiang Zhijiang Development Foundation for public welfare. The signing of this agreement does not involve related party transactions, nor does it constitute a major asset restructuring. It still needs to be submitted to the company's second extraordinary shareholders meeting in 2024 for consideration. The signing of the agreement has limited impact on the company's short-term financial situation, but it is expected to have important strategic significance for the company's business development in the process of industrialization of related products.The National Network Information Office concentrated on rectifying the chaos of online financial information. Since this year, the National Network Information Office has thoroughly implemented the work plan of the CPC Central Committee in the State Council, maintained a high-pressure and severe crackdown on the chaos of online financial information, and handled a number of accounts engaged in illegal stock recommendation, illegal financial intermediary and other activities on platforms such as Tik Tok, Aauto Quicker, Weibo and WeChat with relevant departments, cleaned up the drainage and induced illegal information in the financial field, and increased the punishment for websites and accounts that are not qualified to engage in financial-related business. For the website platform engaged in loan assistance business, it is required to standardize marketing information display and marketing function setting, and strengthen information risk disclosure. In the next step, the national network information department will continue to strengthen the crackdown and rectification of online financial information chaos, standardize the order of online financial information dissemination, and strive to safeguard people's property safety. (Net letter China)The Taiwan Affairs Office of the State Council introduced the situation of the 2024 Shanghai-Taipei Twin Cities Forum. The Taiwan Affairs Office held a regular press conference. Spokesperson Zhu Fenglian said that it is understood that the 2024 Shanghai-Taipei Urban Forum will be held in Taipei on December 17, and Shanghai will send a delegation to Taiwan to attend the forum. With the theme of "Smart Governance for a Sustainable Future", the forum will promote the interactive exchanges between the two cities in terms of friendly transportation, river governance and humanistic cities. During the forum, the two cities will also sign a memorandum on exchanges and cooperation. We hope the forum will be successful.
On the 11th, CSI 1000 index futures rose by 1.01%, and the latest main contract positions changed as follows. According to the exchange data, as of December 11th, the main contract CSI 1000 index futures closed at 2,412, up or down by +1.01%, with a turnover of 147,000 lots. The position data showed that the top 20 seats were clear, and the difference position was 7,210 lots. The total number of contracts of CSI 1000 index futures was 235,100 lots, a decrease of 70,300 lots from the previous day. The first 20 seats in the contract held 237,700 lots, a decrease of 17,700 lots from the previous day. The short positions in the top 20 seats of the contract were 266,100 lots, a decrease of 16,500 lots from the previous day. (Sina Futures)With the intensive IPO process of domestic semiconductor companies, we can seize new opportunities in the semiconductor chip industry through the semiconductor ETF(512480). On December 11th, the semiconductor ETF(512480) closed up 0.20% with a turnover of 1.29 billion yuan. The constituent stocks are mixed. In terms of rising, the Cambrian led the rise, and Weir shares followed. In terms of decline, Zhongwei Company led the decline, and Haiguang Information followed suit. In the news, in the fourth quarter of 2024, the IPO acceptance review in science and technology innovation board has been accelerated, with 12 companies updating their review status, mostly in the semiconductor industry. According to industry insiders, from the current audit dynamics, materials, parts and components in the upstream of the industry, as well as AI chips in the design process, may be more popular in the future. Guojin Securities pointed out that semiconductor self-control is the general trend, and it is optimistic about semiconductor equipment parts, materials and domestic computing power industry chain. CITIC Securities said that it is expected that the overall localization pace of the domestic semiconductor industry will be further accelerated, and the manufacturing sector is also expected to benefit. Investors can take advantage of the semiconductor ETF(512480) to grasp the new opportunities in the semiconductor chip industry.KBW upgraded Societe Generale to outperform the broader market with a target price of 32 euros.