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CICC: The personal pension system in the Mainland has been fully extended to the whole country to help the long-term development of the insurance industry. CICC published a research report that the personal pension system in the Mainland has been fully extended to the whole country. The bank believes that as one of the important allocation directions of personal pension, various promotion policies will help the long-term development of the insurance industry. Although the average scale of personal pension is small compared with other savings insurance, it can still obtain stable long-term funds and high-quality new customers if it is properly operated. Zhongjin pointed out that in the early stage, the insurance industry may need to establish close ties with powerful sales channels or explore the characteristic mode of self-owned agent channel sales. In the long run, it is necessary to strengthen its own asset management capabilities and explore special services such as health care, which may help build core competitiveness.CMB International: Upgraded the target price of WuXi Bio to HK$ 22.88, optimistic about the company's valuation and performance repair. CMB International published a report, predicting that the US Biosafety Act will fail with high probability, which will help WuXi Bio to achieve continuous performance growth in a relatively stable business environment. With the recovery of global biomedical financing, we are optimistic about the company's valuation and performance repair. According to the report, the NDAA in FY 2025 does not include the Biosafety Act, and the legislation of the Biosafety Act failed with high probability. On December 7, the US Senate and the House Armed Services Committee announced the National Defense Authorization Act (NDAA) for fiscal year 2025, which was finally negotiated by the committees of the two houses. The Biosafety Act was not included in the amendment of NDAA in FY 2025, which means that the Biosafety Act failed to pass the legislative path of joining NDAA. The Biosafety Act can still promote separate legislation, but considering that the window of the current US Congress session is less than two weeks, the Bank believes that the success rate of separate legislation is extremely low. CMB International maintained the "Buy" rating of Yaoming Bio, and its target price rose from HK$ 13.58 to HK$ 22.88. It is estimated that the company's revenue will increase by 7.1%/12.4%/ 13.9% from 2024 to 2026, and its adjusted net profit will increase by 0.8%/11.1%/13.4% respectively.LI self-developed high-toughness stainless steel rolled off the assembly line. According to LI official WeChat official account news, on December 12th, LI's first high-toughness stainless steel coil rolled off the assembly line in Qingtuo Group. Compared with traditional stainless steel, the strength of the self-developed stainless steel is improved by 46%, and the stress corrosion resistance is significantly improved. LI L series adopts high-pressure stainless steel fuel tanks. The application of this material in high-pressure fuel tanks can greatly improve the safety performance of fuel tanks under extreme working conditions. The off-line production of this material also indicates that LI has the ability of independent formula development and parts design in the field of high-toughness stainless steel.

Japan's final industrial output value in October increased by 2.8% month-on-month and 1.4% year-on-year.New Beiyang (Thailand) Company opened. According to the news of New Beiyang, on December 12th, the launching ceremony of New Beiyang (Thailand) Company was held in chonburi province, Thailand. This was the first factory established by New Beiyang overseas, which marked another major breakthrough in the company's internationalization strategy and laid a solid foundation for the company's future internationalization development. The park leased by New Beiyang (Thailand) Company covers an area of more than 5,500 square meters in the first phase. At present, the special printing and scanning product line built in the factory has been successfully put into production and is ready to start mass delivery. In the future, the company will continue to expand the production and delivery of some smart equipment products in Thai factories.China Merchants Ping 'an Assets established the No.2 Investment Center for Intelligent Calculation. According to the enterprise search APP, recently, Shenzhen Zhaoping Intelligent Calculation No.2 Investment Center (Limited Partnership) was established with a capital contribution of 300 million yuan, and its business scope includes: engaging in investment activities with its own funds. Enterprise equity penetration shows that the enterprise is indirectly wholly-owned by Shenzhen Merchants Ping An Asset Management Co., Ltd.

Fuli Zong took the helm for 100 days: the management, dealers and product ideas were completely adjusted. At the end of August this year, Fuli Zong took over the legal representative, chairman and general manager of Hangzhou Wahaha Group Co., Ltd. (hereinafter referred to as "Wahaha") from his father Zong Qinghou, and took over 29.40% of the company's shares. By early December, more than three months had passed. In just 100 days, Fuli Zong, who is in charge of Wahaha, has implemented a series of controversial reform measures, including adjusting the organizational structure and almost completely replacing the core management; The employee contract and distributor contract of the core department were signed to Hongsheng Beverage Group Co., Ltd. (hereinafter referred to as "Hongsheng Beverage"); Reconstruct the dealer system, and even select the dealers in the form of "bidding" for the first time ... On December 11 -12, I called Ye Yaqiong, director of the president's office and director of the government affairs center of Wahaha Group, and contacted Wahaha public affairs related people to send them an interview outline, but as of press time, I did not get a reply. (21 Finance)The concept of Tik Tok continued to strengthen, with the daily limit of Bee Assistant, City Xiangjiang and Ruoyu Chen, and the daily limit of Gravitational Media trying to seal it back, and the technology of moistening and worth buying went up.Shaanxi Construction Co., Ltd. and other companies invested in the establishment of building materials development company. The enterprise search APP shows that recently, Shaanxi Weihe Ecological Shaanxi Construction Building Materials Development Co., Ltd. was established, with Wang Fan as the legal representative and a registered capital of 20 million yuan. Its business scope includes: sales of building materials; Building block manufacturing; Water resources management. Enterprise investigation shows that the company is jointly owned by Shaanxi Construction Engineering Thirteenth Construction Group Co., Ltd., a subsidiary of Shaanxi Construction Co., Ltd., and Shaanxi Weihe Ecological Group Co., Ltd.