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The Hang Seng Index rose more than 1%, the Hang Seng Technology Index rose 1.47%, and the technology stocks strengthened.Police in Xichang, Sichuan: A man who knocked down a pedestrian after drinking and driving killed three people and was detained.The Ministry of Water Resources started the emergency water quantity dispatching of the Pearl River during the dry season from 2024 to 2025. It was learned from the Ministry of Water Resources that the first emergency water quantity dispatching of the Pearl River during the dry season from 2024 to 2025 was started at 8: 00 on December 12. According to the Ministry of Water Resources, through the implementation of this emergency water regulation, the runoff of the lower reaches of Xijiang River and Beijiang River will continue to increase, which can effectively suppress the salty tide in the Pearl River estuary and increase the water storage capacity of local reservoirs in Zhuhai and other places. The Ministry of Water Resources will guide the Pearl River Water Conservancy Commission and the water conservancy departments of the relevant provinces (autonomous regions) to closely monitor the rain, water and salt conditions in the Pearl River Basin, forecast the scope and extent of the upstream influence of salt tide, issue early warning in time, implement unified dispatching of river basin water projects, and make every effort to ensure the water supply safety of important cities in Guangdong-Hong Kong-Macao Greater Bay Area.

Domestic big model fierce battle video generation track domestic video big model broke out in a concentrated way. Recently, all kinds of funny videos made with AI big model became popular on the Internet. Behind this is the rapid rise of domestic video models, and the threshold of Wensheng video and Tusheng video has been greatly reduced. At the end of March this year, the "Dream AI" platform was tested internally, and the web version was opened in May, and it was officially put on the mobile terminal in August. On June 6th, official website, a large model of "Keling" video generation, was officially launched, and 15 days later, it announced the launch of graphic video function. Various video generation models of Internet vendors have mushroomed. On July 4th, Shangtang Technology released Vimi；, a large model of character video generation; On July 6, the online AI generated a clear image of the video model; On September 19, Alibaba Cloud Tongyi Wanxiang released a video generation model, which launched the functions of Wensheng video and Tusheng video. On December 3rd, the video generation function of Tencent Hybrid Model was launched. The industry believes that at present, the domestic large-scale video model has significantly improved the consistency, controllability and richness of the picture. After improving the imaging quality and breaking through the bottleneck of generation time, it is expected to greatly open up the downstream commercial space.The Nikkei 225 index closed at 39,881.10 points in early trading, up 1.29%.Rifa Seiki: Xunmi Technology went to the company to investigate and discuss products such as end-horizontal machining center and thread grinder. On December 11th, Xunmi Technology co-president Lei Ming and his party visited and investigated Seiki Seiki in Japan. Chasing technology has visited the production workshop of Maichuang and bearing equipment in depth, and gained an in-depth understanding of the specific situation of products such as high-end horizontal machining center and thread grinder of Nissan Seiki from research and development to production. Not only that, the two sides also conducted in-depth exchanges and discussions on the intelligent production line structure, core components, product accuracy and related issues in the practical application of a complete set of solutions. According to the data, Chasing Technology began to lay out robots in 2021, and successively launched bionic quadruped robot dogs, universal humanoid robots and other products. In September this year, Xunmi Technology released X50 series sweeping robots, equipped with the world's first "bionic mechanical foot obstacle-crossing technology".

The personal pension system has been implemented nationwide since 15th, and national debt and index funds have been included in the product range. Recently, the Ministry of Human Resources and Social Security, the Ministry of Finance, State Taxation Administration of The People's Republic of China, the General Administration of Financial Supervision and the China Securities Regulatory Commission issued the Notice on the Full Implementation of the Personal Pension System. The Notice makes it clear that from December 15th, 2024, all workers who participate in the basic old-age insurance for urban workers or urban and rural residents in China can participate in the personal pension system. The scope of implementation of preferential tax policies has been expanded from 36 leading cities (regions) to the whole country. The Circular stipulates that on the basis of existing wealth management products, savings deposits, commercial old-age insurance and Public Offering of Fund products, national debt, specific old-age savings and index funds will be included in the scope of personal pension products. Financial institutions should do a good job in publicizing the asset allocation of personal pension products, carry out investment consulting services according to laws and regulations, and explore the default investment services. Strengthen the protection of financial consumers and investors, and guarantee the participants' right to know and choose independently. The "Notice" pointed out that the scope of commercial banks offering personal pension services should be carefully determined, and commercial banks should be encouraged to sell all types of personal pension products. Commercial banks should improve online and offline service channels, provide more personalized services for participants to change their bank accounts and receive personal pensions, and provide convenience for wealth management companies, insurance companies and other institutions to carry out personal pension business. The "Notice" clarifies that on the basis of receiving the basic pension age, completely losing the ability to work, going abroad to settle down, etc., participants who suffer from major diseases, receive unemployment insurance benefits to meet certain conditions, or are receiving the minimum living guarantee can apply for receiving personal pensions in advance, and the specific measures will be formulated separately. Participants can apply through social insurance agencies at all levels, the national unified online service portal and commercial banks, and after verification, the commercial banks will issue personal pensions to their social security card bank accounts. The "Notice" requires relevant departments to strengthen supervision according to the division of responsibilities, strengthen information sharing, and promote the standardized operation of the system. At the same time, fully mobilize the enthusiasm of financial institutions and business entities to jointly promote the healthy development of the individual pension system. (CCTV News)Yunnan Germanium Industry: downstream customers didn't feedback that the company germanium was directly used in quantum chip products. Some investors asked Yunnan Germanium Industry (002428) on the interactive platform: in quantum computing and quantum communication, germanium is widely used in the manufacturing process of quantum chips, which can achieve excellent performance. Excuse me, does the company have germanium products used in quantum chips? Yunnan Germanium Industry replied that at present, the downstream customers of the company have not reported to the company that it is directly used in this product.The personal pension system has been implemented nationwide since 15th, and national debt and index funds have been included in the product range. Recently, the Ministry of Human Resources and Social Security, the Ministry of Finance, State Taxation Administration of The People's Republic of China, the General Administration of Financial Supervision and the China Securities Regulatory Commission issued the Notice on the Full Implementation of the Personal Pension System. The Notice makes it clear that from December 15th, 2024, all workers who participate in the basic old-age insurance for urban workers or urban and rural residents in China can participate in the personal pension system. The scope of implementation of preferential tax policies has been expanded from 36 leading cities (regions) to the whole country. The Circular stipulates that on the basis of existing wealth management products, savings deposits, commercial old-age insurance and Public Offering of Fund products, national debt, specific old-age savings and index funds will be included in the scope of personal pension products. Financial institutions should do a good job in publicizing the asset allocation of personal pension products, carry out investment consulting services according to laws and regulations, and explore the default investment services. Strengthen the protection of financial consumers and investors, and guarantee the participants' right to know and choose independently. The "Notice" pointed out that the scope of commercial banks offering personal pension services should be carefully determined, and commercial banks should be encouraged to sell all types of personal pension products. Commercial banks should improve online and offline service channels, provide more personalized services for participants to change their bank accounts and receive personal pensions, and provide convenience for wealth management companies, insurance companies and other institutions to carry out personal pension business. The "Notice" clarifies that on the basis of receiving the basic pension age, completely losing the ability to work, going abroad to settle down, etc., participants who suffer from major diseases, receive unemployment insurance benefits to meet certain conditions, or are receiving the minimum living guarantee can apply for receiving personal pensions in advance, and the specific measures will be formulated separately. Participants can apply through social insurance agencies at all levels, the national unified online service portal and commercial banks, and after verification, the commercial banks will issue personal pensions to their social security card bank accounts. The "Notice" requires relevant departments to strengthen supervision according to the division of responsibilities, strengthen information sharing, and promote the standardized operation of the system. At the same time, fully mobilize the enthusiasm of financial institutions and business entities to jointly promote the healthy development of the individual pension system. (CCTV News)