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Bank of Communications: Wang Wenjin resigned as business director. Due to job transfer, Wang Wenjin has submitted a written report to the board of directors of the company and resigned as business director (corporate and institutional business). His resignation will take effect on December 13, 2024.Bank of Communications International: For the first time, it covers the "buy" rating and target price of HK$ 5.86 given by the rich industrial trust. The Bank of Communications International published a report that the rich industrial trust has multiple investment advantages and stock price drivers, including stable profit prospects, low valuation, further interest rate cuts and potential inclusion in Shanghai-Shenzhen-Hong Kong Stock Connect, which are all beneficial to the valuation of REITs. For the first time, the bank covers the purchase of wealth and gives a "buy" rating with a target price of HK$ 5.86. Bank of Communications International believes that the rental income prospect of Zhifu Industrial Trust can remain basically stable. At the same time, the current share price corresponds to a dividend of 9.4% in 2025, and the gap between the dividend yield and the yield of 10-year US bonds is about 1.1 standard deviation lower than the long-term level. It is considered that the current valuation is still far below its long-term average level, and has reflected most of the worries of the retail market in Hong Kong. The report continued that although high interest rates will still have a negative impact on this year's earnings, it is expected that the dividend per unit of Zhifu will resume growth from next year under the condition of continuous interest rate reduction. It is expected that the dividend per unit will decrease by 10%, increase by 3.8% and increase by 4.1% from 2024 to 2026 to 36.34, 37.71 and 39.26 Hong Kong cents respectively.According to the latest announcement of Allianz Fund, due to work arrangement, Shen Liang stepped down as general manager and financial controller on December 12, and Duan Jing became the new financial controller, and there is no statement about his transfer to other positions in the company. As early as October 8th, the former Inspector General Gu Wen left his post for personal reasons, and Shen Liang acted as Inspector General. Allianz Fund is the ninth wholly foreign-owned public offering in China, which is wholly owned by Allianz Investment. On April 18th this year, it was approved to launch China Public Offering of Fund business, and the first public offering product was established in early September. Before leaving office, Shen Liang served as director, general manager, legal representative and financial controller of Allianz Fund. According to the data, Shen Liang, Gu Wen and Duan Jing joined Allianz Investment in January 2021, August 2021 and May 2022 respectively.

Shen Zhiqun, China Investment Association: Accelerate the formation of technology and finance service support system with equity investment as the mainstay. On December 13th, the 2024 Yangtze River Economic Belt (Gongqingcheng) Fund Innovation and Development Conference with the theme of "Science and Technology Innovation Empowers High-quality Development and Venture Capital Helps' 1269' Action Plan" was held in Gongqingcheng, Jiangxi Province. Shen Zhiqun, Chairman of the Venture Capital Committee of China Investment Association and Assistant to the former President of the Macro Institute of the National Development and Reform Commission, delivered a speech at the conference. Venture capital is an important capital force to promote scientific and technological innovation and industrial innovation. Especially under the impetus of policies, an ecological environment that fully supports and promotes the high-quality development of venture capital is gradually taking shape and constantly improving and optimizing. (SSE)Li Qiang signed the the State Council Order to promulgate the Decision of the State Council on Amending and Abolishing Some Administrative Regulations, and the State Council Prime Minister Li Qiang recently signed the the State Council Order to promulgate the Decision of the State Council on Amending and Abolishing Some Administrative Regulations, which will take effect on January 20, 2025. In order to fully implement the spirit of the 20th National Congress of the Communist Party of China and the Second and Third Plenary Sessions of the 20th Central Committee, implement the spirit of institutional reform of the Party and the state, promote strict and standardized fair and civilized law enforcement, optimize the business environment ruled by law, and ensure a high level of opening to the outside world, the State Council cleaned up the administrative regulations involved, and decided to amend some provisions of 21 administrative regulations and abolish 4 administrative regulations. (Xinhua News Agency)Shenzhen Airport cooperated with China Airlines to build the first domestic civil aviation international transit service system. According to Shenzhen Airport, the first domestic civil aviation international transit service system jointly built by Shenzhen Airport and China Airlines was officially released recently. The system is dedicated to solving the problems of data barriers and information blind spots in the supervision of international transit passengers and luggage, which will effectively improve the security efficiency of international through flights and international transit passengers and further enhance the competitiveness of Shenzhen Airport International Aviation Hub.

Market news: Israel said that the IDF will stay on the Syrian side of Mount Hermon for several months.Director of the International Energy Agency (IEA): Geothermal energy is suitable for providing a large amount of stable energy for data centers. The IEA said on Friday that shale drilling technology, which has led to a sharp increase in oil and gas production, has also stimulated the development of geothermal energy. In theory, geothermal energy can provide a stable power source equivalent to the total demand of India and the United States. Fatih Birol, director of the International Energy Agency, said after the agency released its first report on geothermal energy that geothermal energy is suitable for providing a large amount of stable energy for data centers. Birol said: "One of the demands for geothermal energy is the demand for electricity in data centers. The demand for data centers in the United States is great, and they need all-weather electricity, which makes geothermal very suitable. " Birol said that unlike renewable energy such as wind energy and solar energy, geothermal energy can be a sustainable energy source, but it is still in its infancy and needs a lot of investment and support from the government. The incoming Trump administration said it would promote more oil and gas drilling and hoped to reduce the green energy plan, but Birol saw no reason not to increase the use of geothermal energy. According to the data of the International Energy Agency, by 2050, the global geothermal heating may increase to 800 GW, accounting for 15% of the global demand growth, and the annual output is equivalent to the current total demand of the United States and India. According to the report of the International Energy Agency, global investment will exceed $1 trillion by 2035 and $2.8 trillion by 2050, of which about 75% will be invested in power generation facilities.Beijing Stock Exchange plans to carry out the fifth network-wide test of trading support platform optimization tomorrow. On December 13th, the office of Beijing Stock Exchange and the office of National Stock Transfer Company issued a notice to carry out the fifth network-wide test of trading support platform optimization on December 14th. The participating institutions are Beijing Stock Exchange, National Stock Transfer Company, China Clearing, Shenzhen Stock Connect, securities companies, fund companies and information providers.