On December 10th, it was reported that Yizi International, a snack and candy company, was exploring the acquisition of Hershey, a well-known chocolate manufacturer in the United States. This potential transaction is expected to create a food giant with a total sales of nearly $50 billion. People familiar with the matter said that Yizi had made preliminary contact on a possible merger. By the end of last week, the market value of Yizi was about $84 billion, compared with $35 billion at Hershey. People familiar with the matter said that the consultation was at an early stage and it was uncertain whether an agreement would be reached.In the afternoon, the downward trend of spot bond interest rate expanded, and the downward trend of spot bond interest rate expanded. The yield of 10-year treasury bonds was 5.25bp to 1.8525%, the yield of ultra-long-term treasury bonds was 4.25bp to 2.0675%, and the yield of 10-year CDB bonds was 5bp to 1.92%.Moody's: The Reserve Bank of Australia may cut interest rates in May next year or ahead of schedule. After the Reserve Bank of Australia issued its December policy interest rate statement, Moody's analyst Harry Murphy Cruise said that the Reserve Bank of Australia may cut interest rates ahead of schedule. The Reserve Bank of Australia did not change its cash interest rate earlier today, but the tone was obviously more moderate. The Committee removed the statement that "no possibility is ruled out" and actually ruled out the possibility of raising interest rates. Australia's potential inflation rate will drop to 3.4% in the fourth quarter of this year, equivalent to an annualized rate of 2.9%. Although this may cause the Reserve Bank of Australia to cut interest rates in February. However, if the annualized inflation rate in the first quarter is lower than 3%, it may not meet the Committee's standard of "sustainable" inflation moving closer to the target range.
Luxshare 500 million yuan set up an automobile technology company. The enterprise search APP shows that Lixun Automobile Technology (Jiangsu) Co., Ltd. was established recently, with the legal representative of Zhang Xueqi and the registered capital of 500 million yuan. Its business scope includes: automobile parts and accessories manufacturing; Research and development of auto parts; Wearable smart device manufacturing; Industrial robot manufacturing and so on. Enterprise equity penetration shows that the company is wholly owned by Luxshare.Chongqing State-owned Assets Supervision and Administration Commission: Resolutely lay a solid foundation for comprehensively deepening the reform of state-owned enterprises and accelerate strategic restructuring and professional integration. Chongqing State-owned Assets Supervision and Administration Commission officially announced today that on December 9, Chongqing State-owned Assets Supervision and Administration Commission held a December 2024 economic operation scheduling meeting for municipal key state-owned enterprises. The meeting stressed that it is necessary to resolutely fight a tough battle to comprehensively deepen the reform of state-owned enterprises in light of the landmark achievements of the "five new breakthroughs." It is necessary to promote the reshaping of the main business of the group to achieve a "new breakthrough", focus on the reshaping of the main business of the group, further sort out the business of the sub-enterprises, effectively support the core functions and main business of the group, and enhance the core competitiveness; Promote "new breakthroughs" in stopping losses and controlling losses, further promote structural adjustment, reduce costs and increase efficiency, and revitalize assets, and strive to control the losses of municipal state-owned enterprises at the target ratio by the end of the year; Promote slimming and fitness to achieve a "new breakthrough", accelerate strategic restructuring and professional integration, and accelerate the reduction of the number of legal entities and reduce the management level of enterprises in accordance with the requirements of reduction. It is necessary to focus on the most realistic and urgent problems that restrict high-quality development, and promote state-owned state-owned enterprises to further comprehensively deepen reforms.Chinese brokerage stocks in Hong Kong stocks opened higher and fell back, China Merchants Securities fell more than 5%, Chinese brokerage stocks in Hong Kong stocks opened higher and fell back, China Merchants Securities fell more than 5%, and CITIC Securities, China Securities, Guolian Securities and china galaxy followed suit.
The three major A-share stock indexes fell, with the Shanghai Composite Index narrowing to less than 1%, the Shenzhen Composite Index rising by 1.3% and the Growth Enterprise Market Index rising by 1.35%.Personal pension products are about to expand greatly, and the debt base, index and active equity funds that meet the standards can all issue Y shares. It is learned from a number of public offerings that the Y shares of personal pension funds are about to expand greatly. The types of funds that can set up Y shares will be expanded from pension FOF to bond funds, index funds, active equity funds and other types. Some insiders said that fund companies do not need to report specific products that want to issue Y shares, and the Ministry of Human Resources and Social Security will uniformly announce the standards (scale, rate, performance, etc.) that can be included in the expansion, and products that meet the standards will naturally be included in the alternative pool. "The first step is to open bond funds, the second step is index funds, and the third step is active equity funds." Many insiders confirmed, but the specific expansion rules will be announced by the CSRC and the Ministry of Human Resources and Social Security. "It is expected this week." (Interface News)South Korea's largest opposition party reported to the National Assembly the impeachment cases against the police chief and the minister of justice. On the 10th local time, the Common Democratic Party, the largest opposition party in South Korea, reported the impeachment cases against the police chief Zhao Zhihao and the minister of justice Park Seung-jae. (CCTV News)