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Fosun Travel responded to privatization: a transitional measure focusing on the light asset model. Following the change of CEO, Fosun Tourism Culture Group (hereinafter referred to as "Fosun Travel") started the privatization process again. On December 11th, in response to Fosun Travel's plan to privatize and delist Hong Kong stocks, Fosun Travel responded that this privatization proposal is based on the decision made by the company's long-term development, and the company will pay more attention to the transition of light asset model. After the privatization is completed, Fosun Travel will continue to maintain the normal operation of its existing business. Nowadays, for Fosun Travel, it can be said that it has reached a "crossroads" of transformation. Some experts in the industry have analyzed that at this time of privatization, Fosun Travel may have transformation needs, and the current low valuation of Hong Kong stocks will allow enterprises to maintain their stock prices at more cost. In fact, in recent years, some tourism enterprises have been privatized and delisted, but when making privatization decisions, they still have to weigh the pros and cons. (beijing business today)Bank of Canada: The sharp interest rate cut is aimed at supporting economic growth and keeping CPI at a level close to 2%.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)

After the announcement of the Bank of Canada's interest rate decision, USD/CAD fell 50 points to 1.4140.China plans to build about 10,000 superior specialties of traditional Chinese medicine by 2029. The reporter learned from state administration of traditional chinese medicine on the 11th that China will promote the construction of superior specialties of traditional Chinese medicine at different levels to further improve the clinical efficacy of traditional Chinese medicine. By 2029, a network of superior specialties of traditional Chinese medicine with complete professional fields, wide geographical coverage, reasonable structural layout and obvious characteristics of traditional Chinese medicine will be formed, and the overall scale of superior specialties of traditional Chinese medicine in China will reach about 10,000. (Xinhua News Agency)The Ministry of Ecology and Environment intends to further clarify the standards and conditions for enterprises to declare special funds for the disposal of waste electrical and electronic products. On the 10th, the Ministry of Ecology and Environment publicly solicited opinions on the Notice on Standards and Conditions for Enterprises to Declare Special Funds for the Disposal of Waste Electrical and Electronic Products (Draft for Comment). It is proposed that the declaration conditions should be determined according to the following principles: First, fair competition. Do not distinguish between enterprises subsidized by the original waste electrical equipment treatment fund and enterprises newly entering the market, and unify the reporting conditions. The second is to reward the excellent and help the strong. In order to ensure that the financial incentive policy is inclined to large-scale and high-quality enterprises, and at the same time, considering the development differences between regions, we have set the minimum quantity requirements. The number of processing enterprises located in the western region is 900,000 units (sets), and the number of processing enterprises located in other regions is 1 million units (sets). The third is a smooth transition. As 2024 is a policy transition year, the processing quantity in 2024 is the main factor in the allocation of special funds in 2025. Considering the market affordability and the adjustment period of production and operation of enterprises, a transition period is set aside for the setting of the number requirements for special funds in 2025, and it is planned to set the number requirements to 500,000 units (sets) per year.

The US Supreme Court dismissed the securities fraud lawsuit filed by shareholders against NVIDIA (NVDA.O).US officials say that Russia may soon launch another hypersonic missile into Ukraine.CFO of Goldman Sachs: As President-elect Trump nominates candidates for government positions, the FTC may take a new direction.