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The compound annual growth rate of average daily turnover is 30%. The ETF market in Hong Kong is growing rapidly. The compound annual growth rate of average daily turnover in the past five years is as high as 30%, and the average daily turnover in the first 11 months of this year reached HK$ 18.7 billion. According to HKEx, Hong Kong ETF market will continue to innovate and expand with diversified product selection, market structure optimization and international cooperation.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.Qin Xinghua, Anneng Logistics: Under the general tone of "Striving for Progress in Stability", the logistics industry is welcoming new opportunities for development. The Central Economic Work Conference was held in Beijing from December 11 to 12. The conference analyzed the current economic situation and deployed economic work in 2025. Qin Xinghua, founder, CEO and president of Anneng Logistics, said that this meeting has made various plans for economic work next year, and a comprehensive and systematic layout is of great significance to the overall improvement and sustainable development of the economy. The meeting put forward key measures such as "solidly promoting high-quality development", "expanding domestic demand in all directions" and establishing the implementation of "more active fiscal policy" and "moderately loose monetary policy", and finalized the general tone of "striving for progress while maintaining stability" for economic development in 2025. It is foreseeable that the economic and social development situation will be stable and good next year, and the high-quality development trend will become more prominent. "As an important link in the economic development chain, the logistics industry will usher in new development opportunities under this economic background." Qin Xinghua was encouraged by the development of the enterprise.

China Securities Association: Let the margin financing and securities lending business truly become a powerful tool to serve the people's wealth growth and promote the healthy development of the capital market. On December 6, 2024, China Securities Association held a plenary meeting of the professional committee on margin financing and securities lending business in Chongqing. The meeting emphasized that industry organizations should give full play to the functional role of margin financing and securities lending business, strictly implement relevant regulatory requirements, optimize business processes, improve institutional systems, provide quality services to customers, always bear in mind the people-oriented principle, and put the protection of investors' legitimate rights and interests at the core, so that margin financing and securities lending business can truly become a powerful tool to serve the wealth growth of the people and promote the healthy development of the capital market. The meeting summarized the key work of the Committee in 2024 and discussed the work plan for the next stage. In the next step, the Committee will further play a professional and "handle affairs, discuss and communicate" platform role to jointly promote the high-quality development of margin trading and securities lending business.Guangdong: In the next five years, 10 billion yuan will be invested to support the development of the tourism industry. On December 12th, a site meeting was held to promote the implementation of the spirit of the provincial tourism development conference in Guangdong. The meeting proposed to promote the implementation of the "three hundred" plan for cultural tourism investment, that is, to promote 100 major projects under construction and 100 key investment projects, to coordinate provincial financial investment of 10 billion yuan to support the development of tourism industry in the next five years, and to accelerate the implementation of the list of 100 major projects under construction and 100 key investment projects. According to the deployment, Guangdong will focus on promoting the implementation of the "three hundred" plan for cultural tourism investment and establishing "three lists" for key cultural tourism projects (namely, the list of projects under construction, the list of investment projects and the list of projects supported by financial funds). According to statistics, there are 103 major cultural tourism projects under construction in Guangdong province, with a total investment of 282.6 billion yuan, and the accumulated investment has reached 74 billion yuan by the third quarter.Galaxy Entertainment: Lv Yaodong was appointed as the chairman of the board of directors. On December 13, Galaxy Entertainment announced on the Hong Kong Stock Exchange that Lv Yaodong, the executive director of Yinhe Entertainment, was appointed as the vice chairman of the board of directors since February 1997 and is now appointed as the chairman of the board of directors, which will take effect on December 13, 2024.

Guangdong: In the next five years, 10 billion yuan will be invested to support the development of the tourism industry. On December 12th, a site meeting was held to promote the implementation of the spirit of the provincial tourism development conference in Guangdong. The meeting proposed to promote the implementation of the "three hundred" plan for cultural tourism investment, that is, to promote 100 major projects under construction and 100 key investment projects, to coordinate provincial financial investment of 10 billion yuan to support the development of tourism industry in the next five years, and to accelerate the implementation of the list of 100 major projects under construction and 100 key investment projects. According to the deployment, Guangdong will focus on promoting the implementation of the "three hundred" plan for cultural tourism investment and establishing "three lists" for key cultural tourism projects (namely, the list of projects under construction, the list of investment projects and the list of projects supported by financial funds). According to statistics, there are 103 major cultural tourism projects under construction in Guangdong province, with a total investment of 282.6 billion yuan, and the accumulated investment has reached 74 billion yuan by the third quarter.Zhejiang Securities Regulatory Bureau: issued a warning letter to Hangzhou Huayu Frequent Private Equity Fund Co., Ltd. On December 13, the website of Zhejiang Securities Regulatory Bureau issued a decision on taking measures to issue a warning letter to Hangzhou Huayu Frequent Private Equity Fund Co., Ltd. After investigation, the company has the following behaviors in carrying out private equity fund business: 1. There are irregularities in the appropriate materials of fund products managed by investors, and the company has not made further audit; Second, the risk control review process of related party transactions is not perfect. The above behavior violates the first paragraph of Article 4 of the Interim Measures for the Supervision and Administration of Private Investment Funds (Order No.105 of the CSRC). According to the provisions of Article 33 of the Interim Measures for the Supervision and Administration of Private Investment Funds, Zhejiang Securities Regulatory Bureau decided to issue a warning letter to the company and record it in the integrity file of the securities and futures market.Chinese researchers have developed a new type of implantable cranial nerve probe. The reporter learned from Changchun Institute of Applied Chemistry, Chinese Academy of Sciences that Zhang Qiang, a researcher at the institute, and his collaborators have developed a new type of implantable hydrogel neural probe to realize long-term stable monitoring of cranial nerve signals, precise regulation of neural circuits, and preliminary exploration in the application of diagnosis and treatment of severe brain diseases. Related research results were recently published in the international academic journal Advanced Materials. (Xinhua News Agency)