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China Construction Group signed a strategic cooperation agreement with Wuhan University. On December 13th, Wen Bing, deputy party secretary and general manager of China Construction Group, held talks with Zhang Pingwen, president of Wuhan University and academician of China Academy of Sciences, and China Construction Group signed a strategic cooperation agreement with Wuhan University. According to the cooperation agreement, the two sides will give full play to their respective advantages, establish a long-term mechanism and deepen all-round cooperation in the fields of industrial incubation, talent cultivation, scientific research transformation and engineering construction.The second vote of the National Assembly on the impeachment case of Xiyue is obviously shaken and split within the ruling party. At 4 pm local time on the 14th (3 pm Beijing time today), the plenary session of the National Assembly of South Korea will once again vote on the impeachment case of South Korean President Yin Xiyue. If the impeachment case is approved by at least two thirds, that is, at least 200 votes, Yin Xiyue will be suspended immediately and the impeachment case will be handed over to the Korean Constitutional Court for a final ruling. Since the opposition camp in South Korea, which supports the impeachment of Yin Xiyue, has a majority of 192 seats in the National Assembly, Yin Xiyue's impeachment case will be passed in the National Assembly of South Korea as long as 8 of the 108 ruling party members vote in favor. It is reported that the ruling party will hold another emergency meeting of members of parliament before voting this afternoon. According to the news coming out, the ruling party may revise its boycott position in the last voting and will not restrict members from entering the venue to vote. Some analysts even said that the number of members of the ruling party in favor of the impeachment case may far exceed eight. (CCTV News)China's economic restructuring and upgrading loan interest rates have remained at a historically low level, the financial sector has continued to exert its efforts to support the real economy, and credit resources have more flowed to key areas and weak links of the national economy. At the end of November, medium and long-term loans for manufacturing industry, loans for "specialized and innovative" enterprises, and small and micro loans for general benefit increased by 12.8%, 13.2% and 14.3% respectively, which were higher than the growth rates of various loans in the same period. China's economic structure has been transformed and upgraded, and the credit structure has been continuously optimized. (CCTV News)

When meeting with Bona, the foreign affairs adviser to the French President, He Lifeng pointed out that the stable and healthy development of economic and trade relations should be promoted through high-level openness to achieve mutual benefit and win-win. He Lifeng, member of the Political Bureau of the Communist Party of China (CPC) Central Committee and Vice Premier of the State Council, met Bona, the foreign affairs adviser to the French President, at the Great Hall of the People on the evening of 13th. He Lifeng said that China has always regarded France as a priority partner in its development. China is willing to work with France to implement the consensus of the two heads of state, strengthen strategic dialogue, deepen cooperation in traditional fields, expand cooperation in emerging fields, promote the stable and healthy development of China-France and China-EU economic and trade relations with a high level of openness, better cope with common challenges, and achieve mutual benefit and win-win results. Bona said that France supports promoting open cooperation through constructive dialogue and is willing to work with China to promote the sustained, balanced and high-quality development of economic and trade cooperation between the two countries. (Xinhua News Agency)The construction of a new model of real estate development is expected to make positive progress. From December 11th to 12th, the Central Economic Work Conference was held in Beijing. The meeting emphasized "stabilizing the property market and stock market". Specific to the key tasks to be done next year, the meeting made it clear that "the real estate market will continue to exert efforts to stop falling and stabilize" and "promote the construction of a new model of real estate development". Experts interviewed generally believe that the Central Economic Work Conference will stabilize the property market and further clarify the policy direction of the real estate sector next year. In 2025, relevant policies to promote the stabilization of the real estate market will continue to exert their strength, and the construction of basic systems related to the new model of real estate development is expected to make positive progress. (Securities Daily) 

At the end of November, China's broad money balance increased by 7.1% year-on-year, and the growth rate was basically stable. According to the data released by the People's Bank of China on the 13th, the growth rate of China's broad money (M2) was basically stable at the end of November, and the scale of social financing increased reasonably. In terms of money supply, at the end of November, the balance of broad money (M2) was 311.96 trillion yuan, a year-on-year increase of 7.1%. Excluding the influence of the high base in 2023, the average growth rate of broad money (M2) was 8.6% at the end of November in 2023 and 2024. Maintain a reasonable and sufficient liquidity. In terms of financing scale, at the end of November, the stock of social financing scale was 405.6 trillion yuan, up 7.8% year-on-year, which basically matched the expected targets of economic and social growth and price level. Among them, the balance of RMB loans to the real economy was 251.69 trillion yuan, a year-on-year increase of 7.4%; The balance of government bonds was 79.33 trillion yuan, a year-on-year increase of 15.2%.Two-way opening-up continues to deepen, and foreign-funded institutions continue to be optimistic about China's capital market. Near the end of the year, many foreign-funded institutions have issued investment strategies for 2025. Foreign-funded institutions generally believe that a series of incremental policies since the end of September are gradually exerting their effects, providing strong support for China's stable economic growth and high-quality development. At the same time, the interconnection of financial markets continues to deepen, and the system of qualified foreign investors continues to be optimized, which also makes foreign investors' interest in investing in China continue to rise. Many foreign-funded institutions such as Goldman Sachs, UBS and Morgan Asset Management continue to be optimistic about the market outlook of China's capital market. Xing Ziqiang, chief economist of Morgan Stanley in China, said that the regulatory authorities are increasingly friendly to foreign investment, and the attention of overseas long-term capital and foreign investors to China is also developing in a positive direction. With the coordinated efforts of reform, it is believed that China's economy and market confidence will continue to stabilize and rebound. (Securities Times)The offshore RMB (CNH) was quoted at 7.2811 yuan against the US dollar at 05:59 Beijing time, down 52 points from late new york on Thursday, and traded in the range of 7.2746-7.2925 yuan in the whole day.