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Jinshi Resources: It is planned to set up a subsidiary in Mongolia and invest in the construction of fluorite concentrator project. Jinshi Resources announced that it plans to set up a wholly-owned subsidiary "Lacwest FILLC" in Mongolia through its holding subsidiary Zhejiang Huameng Holdings Co., Ltd. to implement the construction of a fluorite concentrator project with a capacity of 1,500 tons/day. The total investment of this project is RMB 173 million.The death toll from the collapse of a residential building in Cairo, Egypt, rose to eight. In the early morning of December 10, local time, an old five-story residential building collapsed in Abasia District, Cairo, Egypt. The local civil defense department has rushed to the scene to carry out search and rescue work. Up to now, the bodies of eight victims have been found and six others have been rescued. The procuratorate has been involved in the accident investigation. (CCTV News)Wuyang Auto-control: The shares continue to be suspended during the negotiation of the change of control rights. Wuyang Auto-control announced that the controlling shareholder and actual controller Hou Youfu and Cai Min are planning the share transfer, and the total share transfer ratio is expected to account for 13.01% of the company's total share capital. At the same time, Hou Youfu and Cai Min entrust the voting rights corresponding to their 6.73% of the company's shares. The counterparties are Yonghong Enterprise Management Center and natural person Liu Jianrong. If the above transactions are carried out smoothly, the company's control rights will be changed. As of the disclosure date of this announcement, the parties to the transaction have negotiated the equity transfer plan. Up to now, the matter is still under negotiation, and the parties to the transaction have not signed the agreement. The company's shares will continue to be suspended from the opening of the market on the morning of Wednesday, December 11, 2024. It is estimated that the suspension time will not exceed 3 trading days.

Newly issued loans exceed one trillion yuan! The work mechanism of financing coordination for supporting small and micro enterprises has been accelerated and effective. According to the data of the State Financial Supervision and Administration on December 10th, since the start of the work mechanism of financing coordination for small and micro enterprises, all localities and banks have responded quickly, started all the work of the mechanism in time, figured out the business conditions and financing needs of enterprises, actively provided loan support, and achieved phased results. By the end of November, all localities had visited 12.072 million small and micro business entities based on the working mechanism, of which 1.942 million were included in the "declaration list" and 1.303 million were included in the "recommendation list". Banks granted 2.2 trillion yuan of new credit and 1.2 trillion yuan of new loans to "recommended list" business entities. In October this year, the General Administration of Financial Supervision and the National Development and Reform Commission took the lead in establishing a financing coordination mechanism to support small and micro enterprises, and made efforts from both ends of supply and demand to build a bridge between banks and enterprises, which became a new exploration and new path to solve the financing difficulties of small and micro enterprises. At present, the financing coordination mechanism has been accelerated and the results have been obvious. (Xinhua News Agency)Newly issued loans exceed one trillion yuan! The work mechanism of financing coordination for supporting small and micro enterprises has been accelerated and effective. According to the data of the State Financial Supervision and Administration on December 10th, since the start of the work mechanism of financing coordination for small and micro enterprises, all localities and banks have responded quickly, started all the work of the mechanism in time, figured out the business conditions and financing needs of enterprises, actively provided loan support, and achieved phased results. By the end of November, all localities had visited 12.072 million small and micro business entities based on the working mechanism, of which 1.942 million were included in the "declaration list" and 1.303 million were included in the "recommendation list". Banks granted 2.2 trillion yuan of new credit and 1.2 trillion yuan of new loans to "recommended list" business entities. In October this year, the General Administration of Financial Supervision and the National Development and Reform Commission took the lead in establishing a financing coordination mechanism to support small and micro enterprises, and made efforts from both ends of supply and demand to build a bridge between banks and enterprises, which became a new exploration and new path to solve the financing difficulties of small and micro enterprises. At present, the financing coordination mechanism has been accelerated and the results have been obvious. (Xinhua News Agency)The death toll from the collapse of a residential building in Cairo, Egypt, rose to eight. In the early morning of December 10, local time, an old five-story residential building collapsed in Abasia District, Cairo, Egypt. The local civil defense department has rushed to the scene to carry out search and rescue work. Up to now, the bodies of eight victims have been found and six others have been rescued. The procuratorate has been involved in the accident investigation. (CCTV News)

TikTok submitted an urgent motion to try to prevent the US ban law from coming into effect. On December 9, local time, ByteDance's TikTok issued a statement in official website and its official account, saying that it had submitted an urgent motion to the US Court of Appeals for the District of Columbia Circuit to prevent the TikTok ban law from coming into effect. Earlier, the U.S. Federal Court of Appeals ruled that the decree signed by U.S. President Biden mandatorily requiring ByteDance companies to sell TikTok in the United States should be upheld for national security reasons. (CBN)General Administration of Customs: Import and export of general trade and processing trade increased. According to customs statistics, in the first 11 months, China's general trade import and export was 25.5 trillion yuan, an increase of 3.7%, accounting for 64.1% of China's total foreign trade. Among them, the export was 15.04 trillion yuan, up by 7.9%; Imports reached 10.46 trillion yuan, down 1.8%. In the same period, the import and export of processing trade was 7.22 trillion yuan, up by 3.6%, accounting for 18.1%. Among them, exports were 4.58 trillion yuan, an increase of 1.8%; Imports reached 2.64 trillion yuan, up 6.9%. In addition, China's import and export by bonded logistics was 5.64 trillion yuan, an increase of 13%. Among them, exports were 2.2 trillion yuan, an increase of 10.9%; Imports reached 3.44 trillion yuan, up by 14.4%.AuAg Funds: It is estimated that the target price of gold in 2025 is 3,000-3,300 US dollars per ounce. Eric Strand, CEO of AuAg Funds, said in an interview with the media on Tuesday that the target price of gold in 2025 is expected to be 3,000-3,300 US dollars per ounce. Eric Strand said that in 2024, the price of gold exceeded market expectations, hitting $2,790 per ounce in October, although the market has since fallen back. He stressed that the central bank's interest rate cuts and continued inflation will push the price of gold to 3,000-3,300 US dollars per ounce in 2025. The change of gold/silver ratio shows that the price of silver still has the potential to continue to rise. He also said that regional tensions, persistent inflation and consumption growth of the middle class in emerging markets will continue to push gold and silver prices higher.