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Kei Ma quit Xiaomi Home Technology Co., Ltd., and Tianyancha App showed that recently, Xiaomi Home Technology Co., Ltd. underwent industrial and commercial changes, and Kei Ma stepped down as the legal representative and manager. As Peng took over, Lei Jun was changed from an executive director to a director. Xiaomi Home Technology Co., Ltd. was established in January 2017 with a registered capital of RMB 80 million. Its business scope includes communication equipment sales, computer software and hardware and auxiliary equipment wholesale, computer software and hardware and auxiliary equipment retail, shoes and hats wholesale, motorcycles and spare parts wholesale, etc. It is wholly owned by Xiaomi Communication Technology Co., Ltd. According to media reports, recently, Kei Ma, vice president of Xiaomi Group, has left his post, and the news has aroused many concerns.CF40 Research: Three Channels to Expand Domestic Demand. An article published by Guan Wei of China Financial Forty Forum (CF40) pointed out that the expansion of total demand, whether it is to expand consumption or investment demand, should be implemented on credit growth. When credit goes up, residents, enterprises and governments have more money in their pockets, so do expenditures and incomes, as well as profits and investments. At present, there are three main ways to expand credit: first, fiscal policy is exerted and the government borrows money; Second, the monetary policy will exert its strength and reduce the policy interest rate; The third is to stabilize the real estate market, and there can be no further sharp decline. In terms of finance, maintain the intensity of fiscal expenditure in a broad sense, and moderately increase the fiscal deficit to 4% in 2025. In terms of monetary policy, we should take reducing the real interest rate as an important goal, continue to implement "strong interest rate reduction", and timely reduce the interest rate of structural monetary policy tools below the policy interest rate level. In terms of the property market, it will ease the current cash flow pressure faced by real estate enterprises and promote the real estate to stop falling and stabilize from both ends of supply and demand.Jiayi Co., Ltd.: It plans to increase capital by 28 million US dollars to set up Vietnam Sun Company. Jiayi Co., Ltd. announced that the company plans to increase capital by 28 million US dollars to its wholly-owned subsidiary Jiayi Singapore with its own funds for the establishment of wholly-owned Sun Company Jiayi Drinking Water Co., Ltd. in Vietnam. This investment aims at expanding overseas production bases, enhancing supply chain flexibility, enhancing core competitiveness and accelerating business internationalization.

Japanese Reuters's short-term non-manufacturing boom judgment index in December is 30, with the previous value of 19; Reuters's short-term judgment index of manufacturing prosperity in December was -1, with the previous value of 5.Market information: Trump's nominee for finance minister, Bertrand Besson, said that Federal Reserve Chairman Powell can complete his remaining term.Jin Guanping, Economic Daily: Implement more active and promising macro policies. The article points out that the Political Bureau of the Communist Party of China (CPC) Central Committee held a meeting on December 9 to analyze and study the economic work in 2025, and put forward "implement more active and promising macro policies" and "strengthen unconventional countercyclical adjustment" in view of the macro policy orientation next year, and clearly implement more active fiscal policies and moderately loose monetary policies. This important deployment has released a clear signal of strengthening macro-control and strong and steady growth. Implementing a "more active" fiscal policy means increasing fiscal countercyclical adjustment and improving the effectiveness of fiscal policy while maintaining policy stability and continuity. "Moderately loose" means that monetary policy will better reflect the supportive stance and orientation, maintain a reasonable and sufficient liquidity, and further reduce the comprehensive financing costs of enterprises and residents.

Qujiang Wenlv: It received a warning letter from Shaanxi Supervision Bureau, and Qujiang Wenlv announced that the company received the Decision on Taking Measures to Issue Warning Letters to Xi 'an Qujiang Cultural Tourism Co., Ltd., Xie Xiaoning and Xi 'an Qujiang Tourism Investment Co., Ltd. issued by Shaanxi Supervision Bureau of China Securities Regulatory Commission on December 10, 2024. After investigation, the company delayed the disclosure of the major event that 8.23% of the company's shares held by the controlling shareholder Xi 'an Qujiang Tourism Investment Co., Ltd. were to be disposed of by the judiciary, which violated the relevant provisions of the Measures for the Administration of Information Disclosure of Listed Companies. According to Article 52 of the Measures, Shaanxi Supervision Bureau decided to take administrative supervision measures to issue warning letters to the company, Xie Xiaoning, the relevant responsible person, and Qujiang Travel Investment, the controlling shareholder. The company will seriously rectify, strengthen information disclosure and corporate governance, and improve the operation level and information disclosure quality.Huaxi Securities: Maintaining the "Buy" rating of this century is expected to outperform the industry. Huaxi Securities Research Report pointed out that the Spring Festival is the most rigid peak season for liquor demand in a year, and it is also the key node for liquor companies to complete sales and promote marketing. It is expected that the demand for business banquets, corporate annual meetings, family gatherings, gifts from relatives and friends will be stronger, and the marketing of the industry will be improved after the Spring Festival. This century (603369.SH In the short and medium term, in order to seize the window period of intensive cultivation in the province, it is relatively more important for the company to improve its market share and expand its market coverage. It is considered that under the trend of intensified competition in the industry, it is not excluded that the company can maintain its current investment and even increase its investment in a targeted manner, so it is relatively cautious to calculate the profit elasticity. At present, the industry has entered a period of slowdown and the company will be more pragmatic in setting goals. However, the company's own advantages are still accumulating and it is expected to outperform the industry relatively. Maintain the "buy" rating.Zhou Liwei has served as the Standing Committee of Shandong Provincial Party Committee and Minister of Organization Department. According to the website of Shandong Provincial Commission for Discipline Inspection and Supervision, on December 11th, the 12th Anti-corruption Coordination Group of the Provincial Party Committee held its fourth meeting to convey the spirit of studying the anti-corruption work of the CPC Central Committee, comprehensively summarize the anti-corruption work in Shandong Province, and study and deploy key tasks. Xia Hongmin, member of the Standing Committee of the Provincial Party Committee, secretary of the Provincial Discipline Inspection Commission, director of the Provincial Supervision Commission and leader of the provincial anti-corruption coordination group, presided over the meeting and delivered a speech. Zhou Liwei, member of the Standing Committee of the Provincial Party Committee, director of the Organization Department and deputy head of the provincial anti-corruption coordination group, Li Wei, deputy governor and director of the provincial public security department, Huo Min, president of the provincial court, Gu Xuefei, chief procurator of the provincial procuratorate, Lei Yun, deputy secretary of the provincial discipline inspection commission and deputy director of the provincial supervision commission, and other members of the provincial anti-corruption coordination group attended the meeting. This shows that Zhou Liwei has served as the Standing Committee of Shandong Provincial Party Committee and Minister of Organization Department.