China Merchants Securities' salary adjustment: "The investment bank's salary is cut by half and the bonus is cancelled". It is reported that China Merchants Securities is taking more measures to reduce the salary. At present, the investment bank's salary is cut by half and the bonus is cancelled, so is the institutional department. A number of China Merchants Securities confirmed the authenticity of the above news to the trade wind, and also said that the "business entertainment expenses of the investment bank were basically cancelled". Affected by the slowdown of IPO rhythm, the equity business of China Merchants Securities Investment Bank has shrunk significantly. Wind data shows that since 2024, the amount of equity underwriting has been 8.181 billion yuan, down over 50% year-on-year.The loose monetary signal ignited the bond market. The yield of 10-year government bonds hit 1.83% and hit a new low. Affected by the loose monetary signal, the yield of 10-year government bonds once again hit a record low. During the session on December 10th, the yield of the 10-year active bond "24 Treasury Bond 11 with Interest" (240011) fell by 7.5BP (basis point) and hit 1.8300%, hitting a record low. The yield of 30-year active bond "24 Special Bond 06" (2400006) also went down all the way, falling to 2.0450%, down 4BP from the previous day. Treasury futures rose strongly all day, and the 30-year main contract closed up 1.37%, setting a record high. The ETF market of government bonds was all red, and the 30-year ETF rose by 1.87%. Politburo meeting of the Chinese Communist Party, held on the 9th, sent a signal of steady growth, which formed a favorable support for the bond market. For the economic work in 2025, the meeting first mentioned "extraordinary countercyclical adjustment", and the tone of monetary policy changed from "steady" that lasted for 14 years to "moderately loose". The loose monetary signal pushes the bond market to strengthen. According to industry analysts, the debt bull will continue in the future, and the yield of 10-year government bonds can be seen as low as 1.6%. However, there are also views that if the economic fundamentals continue to run in 2024 next year, the bond market yield will rebound in the future and need to be treated with caution. (CBN)The 16th meeting of the Steering Committee for China-Vietnam Bilateral Cooperation was held, and the 16th meeting of the Steering Committee for China-Vietnam Bilateral Cooperation was held in Beijing. Member the Political Bureau of the Communist Party of China (CPC) Central Committee and Foreign Minister Wang Yi co-chaired the meeting with Vietnamese Deputy Prime Minister and Foreign Minister Pei Qingshan, and the heads of many ministries and commissions of both sides and local provinces and regions participated online and offline. Wang Yi pointed out that the two sides should maintain a stable strategic direction, maintain high-level exchanges and counterpart cooperation and exchanges, and jointly enhance their ruling ability. China supports Vietnam's preparations for the 14th National Congress of the Communist Party of Vietnam (CPV) and the socialist road in line with Vietnam's national conditions. We must lay a solid foundation for security, give full play to the "3+3" strategic dialogue between China and Vietnam in diplomacy, national defense and public security, and firmly unite and cooperate to safeguard common interests. It is necessary to promote mutual benefit and win-win, expand two-way trade and investment, build a stable and smooth cross-border industrial chain supply chain, improve the level of infrastructure interconnection and trade and investment facilitation, and strengthen cooperation in emerging fields such as artificial intelligence, e-commerce, digital economy and green development. We should cultivate people-to-people friendship, organize the 75th anniversary of the establishment of diplomatic relations between China and China and the China-Vietnam People-to-People Exchange Year next year, encourage more Vietnamese tourists to travel to Vietnam, and support the opening of flights between the two countries. It is necessary to strengthen coordination and cooperation under the mechanisms of the United Nations, ASEAN and Lanzhou-Mekong cooperation, practice true multilateralism and safeguard the common interests of developing countries. It is necessary to manage differences properly, adhere to bilateral friendly consultations, continue to make good use of the border negotiation mechanism, and promote new progress in maritime cooperation. (Ministry of Foreign Affairs)
China's self-developed heavy ion research device with low energy, high current and high charge passed the acceptance test. The reporter learned from the Institute of Modern Physics of Chinese Academy of Sciences that today (10th), the research device with low energy, high current and high charge passed the on-site acceptance test of the expert group of the National Natural Science Foundation of China. The device can provide advanced experimental conditions for frontier basic research such as nuclear astrophysics and atomic physics and research and development of nuclear energy materials.He Weina: The capital contribution of Shunrong Enterprising Phase IV increased to 606 million yuan, and Lin Weina announced that the venture capital partnership of Shunrong Enterprising Phase IV, which the company participated in, has completed the change of capital contribution and partner matters, and the capital contribution has increased from 401 million yuan to 606 million yuan. Shunrong Enterprising Phase IV was registered in industrial and commercial registration on March 5, 2024 and filed in asset management association of china on April 2, 2024. After this change, the basic information of industrial and commercial registration of Shunrong Enterprising Phase IV remains unchanged.C3.AI US stocks rose more than 6% before the market, and its quarterly performance exceeded expectations, and it reached a strategic cooperation with Microsoft.
Alaska Airlines rose more than 11% before the market, and raised its fourth-quarter profit forecast. Alaska Airlines Group (ALK.US) rose more than 11% before the market to $60.13. In the news, Alaska Airlines raised its profit forecast for the fourth quarter due to strong tourism demand and improved pricing. The company expects earnings per share to be between 40 and 50 cents in the fourth quarter, compared with the previous forecast of 20 to 40 cents; Earnings per share are expected to be at least $5.75 in 2025, higher than analysts' expectations of $5.50.Whirlpool: The rolling P/E ratio of the company is higher than that of the industry. Whirlpool issued a warning announcement on the risk of stock trading. As of December 10, 2024, the closing price of the company's stock was 12.91 yuan, with a rolling P/E ratio of 82.42 times. According to the data published on the website of China Securities Index Co., Ltd., the industry classification of the company belongs to the CSRC is "C38 Electrical Machinery and Equipment Manufacturing Industry", and the latest rolling P/E ratio is 21.00 times. The rolling P/E ratio of the company is higher than that of the industry, so investors are advised to pay attention to investment risks.Market news: South Korean minister asked the opposition party not to impeach officials to prevent a government vacuum.