cryptocurrency is not a currency- Top Knowledge

Ren Hongbin, President of the China Council for the Promotion of International Trade, met with Lee Ka Chiu John, Chief Executive of the Hong Kong Special Administrative Region. On December 9, Ren Hongbin, President of the China Council for the Promotion of International Trade, met with Lee Ka Chiu John, Chief Executive of the Hong Kong Special Administrative Region. The two sides exchanged views on strengthening economic and trade exchanges between the mainland and Hong Kong, promoting the industrial and commercial circles of the two places to jointly build the "Belt and Road" with high quality, helping Guangdong-Hong Kong-Macao Greater Bay Area to develop with high quality, and jointly safeguarding the stability of the global industrial chain supply chain. The two sides indicated that they would make joint efforts to promote the second Guangdong-Hong Kong-Macao Greater Bay Area Development Business Conference to be held from December 11th to 12th to be a complete success.The three major stock indexes opened higher, with the Shanghai Composite Index up 2.58%, the Shenzhen Component Index up 3.66% and the Growth Enterprise Market up 4.88%.American enterprises filed a 337 investigation application for a specific urine splash-proof device and its components. According to the Ministry of Commerce, on December 5, 2024, For Kids By Parents,Inc of the United States filed an application with the US International Trade Commission in accordance with Section 337 of the US Tariff Act of 1930. Accused that certain urine splash guards and components there exported to, imported from or sold in the United States infringed its patent right, requested to initiate 337 investigation, and issued general exclusion order, limited exclusion order and prohibition order. Ten enterprises in China were involved in the case.

Trump nominated Kennedy Jr., and 77 Nobel laureates boycotted it. President-elect Trump recently nominated Robert Francis Kennedy Jr. Jr. as the Secretary of the Department of Health and Human Services (HHS), which caused great controversy in the United States. Seventy-seven Nobel laureates in the fields of medicine, chemistry, economics and physics signed a letter urging senators not to approve the nomination of Kennedy Jr. George W. Robert Kennedy is the nephew of former President Kennedy.The Hang Seng Index of Hong Kong stocks opened higher by 3.21%, the index of state-owned enterprises rose by 3.46%, and the branch index rose by 4.24%.Donghai securities: The domestic sales of excavators increased, and the domestic brand bamua exhibited its elegant demeanour. The donghai securities Research Report pointed out that the total sales of excavators increased. Domestically, the domestic sales of excavators in November 2024 increased by 20.5% year-on-year, and the growth continued, which was better than expected by CME. Overseas, in November 2024, excavator exports increased by 15.2% year-on-year, and the monthly sales growth rate of exports expanded. With the large-scale equipment renewal policy and real estate financial policy landing one after another, domestic demand gradually recovered and warmed up; Overseas, domestic enterprises are laying out overseas pre-sales and after-sales networks, establishing overseas local production capacity, entering an accelerated period of globalization, gradually increasing market penetration and effectively smoothing domestic and international cycles. It is suggested to pay attention to overseas leading enterprises of machinery and equipment with deep layout, high brand recognition, perfect product matrix, high cost efficiency and strong R&D strength, such as Sany Heavy Industry, Xugong Machinery and Zoomlion.

The management of Starbucks China continued to adjust, and hired CGO to manage the growth from digital marketing companies. Starbucks China has appointed Tony Yang as the company's CGO (Chief Growth Officer). This is the first time that Starbucks China has set up a CGO position. Yang Zhenyuan was the president and partner of Tezan, a digital marketing company. In January last year, Yang Zhen joined Jidu Automobile as the head of the user development department. According to our understanding, Karen Yih, the current CFO, will leave in December. (LatePost)The dairy sector strengthened, panda dairy products rose by 20CM, Liguo food rose by more than 17%, and western animal husbandry, knight dairy, Happy Family and Pinwo food all rose by more than 10%.The gains of A-shares and Hong Kong stocks narrowed. FTSE China A50 index futures fell more than 2.6%, while GEM index rose 2.25% and rose 4.88% at the opening. The increase of Shenzhen Component Index narrowed to less than 2%, and the increase of Shanghai Composite Index narrowed to 1.43%. The increase of Hang Seng Index narrowed to less than 1%; The Hang Seng Science and Technology Index is currently up 0.51%, and the opening price has risen by over 4%. FTSE China A50 index futures fell 2.7%.