The Ministry of Commerce held a special promotion activity of "Investing in China" in the Middle East in Abu Dhabi, United Arab Emirates. According to the website of the Ministry of Commerce, on December 11th, the Ministry of Commerce held a special promotion activity of "Investing in China" in the Middle East and a docking activity of industrial capital between China and the Middle East. Ling Ji, Vice Minister of Commerce and Deputy Representative of International Trade Negotiations, and Zhang Yiming, Ambassador of China to the United Arab Emirates attended the event and delivered speeches. Zhao Haiying, deputy general manager of China Investment Corporation, Zhang Xiaodong, deputy governor of China Bank, and relevant officials of the UAE Ministry of Economy and Investment attended the event. 40 China enterprises from new energy, advanced manufacturing, biomedicine, information technology and other fields negotiated docking with more than 70 sovereign wealth funds and investment institutions in the Middle East, and some enterprises conducted on-site roadshows. Ling Ji said that the purpose of holding this "Invest in China" activity is to implement the important consensus reached by the leaders of China and Arab countries and push the two sides to deepen economic and trade cooperation. At present, China is fully promoting Chinese modernization with high-quality development, developing new quality productivity according to local conditions, and many high-quality enterprises have emerged in emerging frontier areas, which contain broad investment space. Innovation is an important link between China market and capital in the Middle East. China actively encourages venture capital and private equity investment, revises and improves the management measures for foreign investors' strategic investment in listed companies, and supports the development of science and technology enterprises. Welcome Middle East capital to seize the development opportunity of China and deepen cooperation with China in industrial innovation. The participating sovereign wealth funds and investment institutions in the Middle East said that China has a vast market, strong scientific and technological strength, efficient and reliable supply chain and abundant talent pool, and is an ideal destination for innovative investment. It is willing to invest in China and deepen its cultivation in China. Before the event, Ling Ji had a small-scale in-depth exchange with some representatives of sovereign wealth funds and investment institutions in the Middle East, and had a discussion with some representatives of China enterprises.Toronto stock index GSPTSE rose 0.21% to 25,558.81.The United States conducted a ballistic missile interception test in Guam for the first time. The US Missile Defense Agency issued a statement on the 10th, saying that the United States conducted a ballistic missile interception test in Guam in the western Pacific for the first time, and launched a "Standard -3 Block 2A" missile with Aegis anti-missile system equipped with new radar and vertical launcher, and intercepted an air-launched medium-range ballistic missile near the coast of Anderson Air Force Base in Guam. Experts say that by strengthening its military presence in the western Pacific, the United States is trying to bury the hidden danger of an arms race in the region, which will really affect the people of the whole region. (CCTV International News)
The Bank of Canada cut interest rates sharply by 50 basis points, suggesting that the pace of monetary easing may be slowed down. The Bank of Canada cut interest rates sharply for the second time in a row, and suggested that policy makers are prepared to slow down the pace of monetary easing. Central bank officials, led by Tiff Macklem, the governor, cut the benchmark overnight rate by 50 basis points to 3.25% on Wednesday, which is at the high end of the neutral interest rate forecast range. However, they also hinted that after several sharp interest rate cuts, it may return to a slow pace in 2025. The latest statement removed the statement that "the borrowing cost is expected to be further reduced" in previous statements.The Nasdaq rose to 1%, while the S&P 500 index rose 0.58% and the Dow rose 0.1%.Russian Presidential Press Secretary: The telephone conversation between Putin and Trump has not been prepared yet. On December 11th, local time, Russian Presidential Press Secretary peskov said that there is no telephone conversation between Russian President Putin and US President-elect Trump at present, and Russia is waiting for Trump's inauguration ceremony on January 20th next year. Peskov also said that at present, Russia has no plans to hold a summit meeting with Turkish and Iranian leaders on the Syrian situation, Putin's visit to Turkey "has not yet been finalized" and he is not ready to meet with Hungarian Prime Minister Orban. (CCTV News)
The Bank of Canada's statement no longer mentions that it is reasonable to expect further interest rate cuts if the economic development is consistent with the forecast. The need for further interest rate cuts will be assessed and a decision will be made one by one.Commercial banks speed up the disposal of bad personal loans, and AMC plays a channel role. With the accelerated disposal of bad retail credit assets by commercial banks, the market size of bad personal loans has gradually grown, and there are hundreds of bad assets announcements listed and transferred in Yindeng Center, involving personal consumption and business loans, credit card overdrafts, etc. In order to improve the quality and efficiency of personal loan non-performing assets disposal, banks have also accelerated organizational restructuring and staffing accordingly, abandoned the past model of simply docking asset management companies (AMC) and chose to actively promote non-performing assets to connect the upstream and downstream of the industry, so as to improve the transfer efficiency of personal loan non-performing assets. Industry insiders told reporters that the personal loan NPL market is accelerating, but there are also problems such as low transfer efficiency and limited profit space. At present, the mainstream model is that banks seek reliable unlicensed private institutions to dispose of personal loan NPLs through AMC, and AMC earns channel fees, and the disposal institutions earn excess income, usually at an annual rate of 8%~10%. (CBN)CFO of Goldman Sachs: As President-elect Trump nominates candidates for government positions, the FTC may take a new direction.
Strategy guide 12-14
Strategy guide
12-14