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Offshore RMB and Australian dollar rose slightly. Affected by the news, USD/offshore RMB fell 0.1% to 7.2696. AUD/USD rose 0.2% to 0.6381. A foreign exchange trader in Asia said that the small leveraged account that shorted AUD/USD on Wednesday also closed its position. NZD/USD rose 0.1% to 0.5792.Under the interest rate cut cycle, the scale of domestic dollar wealth management doubled compared with the same period of last year. Although the Fed's expectation of continuing to cut interest rates is strong, the ability of domestic dollar wealth management products to "absorb gold" is still strong. Straight flush data shows that since January 2024, there are 756 newly established wealth management products with the word "USD". Among them, 30 new wealth management products with the word "USD" have been established since November, and most of them are fixed-income products. As of December 9, the scale of US dollar financial management reached 282 billion yuan, which has doubled compared with the scale of 140.4 billion yuan in December last year. Market analysts believe that although the Fed has entered the interest rate cut cycle, under the influence of many complicated factors, the US dollar still has support, and the attractiveness of US dollar wealth management products to investors is still there in the short term. However, investors also need to pay attention to market risk and exchange rate fluctuation risk, and rationally allocate related assets. (21st century business herald)Australian Government: Australia will provide Papua New Guinea with $600 million in 10 years to help rugby league teams enter Australia's top leagues.

Citic Jiantou: We are optimistic about the investment opportunities in the pharmaceutical industry in 2025, focusing on the opportunities of new increase and industry integration. Citic Jiantou Securities reported on December 11th that looking forward to 2025, the reform policy in the pharmaceutical field has been normalized, and the most noteworthy incremental policy in the medical insurance field is to establish a diversified payment system. The medical field is about to usher in the reform of "deep water areas" such as salary system and graded diagnosis and treatment, which is in line with expectations on the whole. At the same time, the innovation of China's pharmaceutical industry has gradually stepped onto the international stage, some sub-sectors will be marginally improved, and industry integration will begin. We are optimistic about the investment opportunities in the pharmaceutical industry in 2025. It is suggested to focus on the new increase (innovation, going out to sea, marginal change) and industry integration opportunities.The two-wheel drive robot industry in the policy market is welcoming the expansion period. The reporter was informed that many places have successively issued relevant policies for the development of the robot industry, planned development goals, and refined measures around improving basic innovation capabilities, accelerating the demonstration application of "robot+"innovation, and promoting the accelerated agglomeration of business entities to accelerate the innovation and development of the robot industry. Recently, Hangzhou released the Development Plan of Humanoid Robot Industry in Hangzhou (2024-2029). Chongqing, Nanjing, Sichuan Tianfu New District and other places have also issued relevant policies to promote the development of the robot industry, and based on the current situation and advantages of industrial development in various regions, promote the further development of the robot industry. Gao Chao, deputy general manager of CCID Consulting Advanced Manufacturing Research Center, said that the scale of China's robot industry is expected to grow to about 400 billion yuan during the Tenth Five-Year Plan period. While accelerating the overall development level of the robot industry, building an industrial innovation system and strengthening product application and promotion have also become the focus of multi-party efforts. Policy and market two-wheel drive have further opened up the development space for robot-related enterprises. (Economic Information Daily)South Korea's Seoul Composite Index rose to 1%.

All localities have actively deployed resources to further support mergers and acquisitions and guide them to gather in a "new" way. Since this year, there have been frequent policies to support mergers and acquisitions of enterprises, such as Eight Measures on Deepening science and technology innovation board's Reform, Serving Technological Innovation and Developing New Productivity, and Opinions on Deepening Market Reform of Mergers and Acquisitions of Listed Companies. At the same time, various localities have successively issued relevant rules or carried out special activities, so that mergers and acquisitions of enterprises have a direction and confidence. According to the reporter, up to now, Shanghai, Jiangxi, Sichuan, Shenzhen, Tianjin and other places have issued relevant documents to support enterprises to carry out mergers and acquisitions; Shanxi, Beijing, Hubei, Hunan, Qingdao and other places "answer questions" for enterprises' mergers and acquisitions through forums or training meetings. According to Tian Lihui, dean of the Institute of Financial Development of Nankai University, there are three major trends in local support policies. First, the logic of industrial synergy is constantly strengthening; Second, continue to improve the efficiency of M&A services and regulatory inclusiveness; The third is to persist in strengthening risk prevention. Generally speaking, with the support of policies, a number of high-quality industrial M&A cases are expected to land. Driven by multiple favorable factors, the M&A market is becoming more and more active. (Securities Daily)He was sentenced to 12 years in prison for selling more than 80 classified documents to pay off gambling debts. Today, the Ministry of National Security announced two anti-espionage cases: when experts in the core scientific research field of a university went abroad for face-to-face signing, visa officials kept asking about the research progress and the source of project funds, which aroused the experts' vigilance and immediately reported to the school and state security organs. During the academic conference, the experts met with people from abroad, and the other side hoped to carry out "deep cooperation" by providing academic convenience as bait. In the end, the experts calmly responded and reported to the school as soon as they returned to China, which not only protected their personal safety but also effectively safeguarded the core secret safety. Li Moumou, the core secret-related personnel of an institution, is addicted to online gambling and owes huge gambling debts. In order to repay the debt, Li took the initiative to hook up with overseas spy intelligence agencies, took photos of more than 80 classified documents and sent them to the other party, collecting spy funds of more than 100,000 yuan. The state security organs detected the case in time, and Li was sentenced to 12 years in prison for espionage. There are obvious loopholes in the anti-espionage security work of Li's unit, and three responsible personnel have been punished by party discipline and government affairs. (CCTV)On the morning of December 12, 2024, the People's Court of Tongcheng County, Hubei Province publicly pronounced the case of Liu Gang, the former full-time vice chairman of Chengdu Football Association, for corruption, bribery and unit bribery, and sentenced the defendant Liu Gang to seven years in prison for corruption and fined 400,000 yuan. Sentenced to two years in prison for accepting bribes and fined 200,000 yuan; He was sentenced to one year's imprisonment and fined RMB 100,000 for bribery by a company, and decided to execute eight years' imprisonment and fined RMB 700,000. The property obtained from corruption shall be recovered according to law and returned to the injured unit respectively; The property obtained by taking bribes shall be recovered according to law and turned over to the state treasury.