Kaidianbao suspended the payment business. On December 11th, Kaidianbao Payment Service Co., Ltd. announced that due to the change of business conditions, in order to protect the interests of merchants and partners to the greatest extent, the company decided to suspend the payment business, and from now on, the existing stock business will be withdrawn and cleaned in an orderly manner, and the businesses with potential risks will be cleaned up before December 20th, 2024. All stock payment services will be suspended after December 31, 2024. Regarding why the business was suspended, the reporter interviewed the legal representative of the company, but did not get a response from the other party. (beijing business today)Lexin Technology's daily limit of 20cm today was 192 million yuan, and Lexin Technology's daily limit was 20cm today, with a turnover of 2.799 billion yuan and a turnover rate of 12.22%. After-hours data showed that the special seats of Shanghai Stock Connect bought 215 million yuan and sold 226 million yuan, and the special seats of the two institutions sold 192 million yuan.Changhong Meiling: It plans to use its own idle funds not exceeding 6.35 billion yuan to invest in wealth management products. Changhong Meiling announced that in order to improve the efficiency of the company's use of funds, increase the company's cash assets income, and maximize the interests of shareholders, the company and its subsidiaries (excluding Zhongke Meiling Cryogenic Technology Co., Ltd. and its subsidiaries) will use their own idle funds not exceeding 6.35 billion yuan (this amount can be used in a rolling way) to invest and purchase products with high safety, good liquidity and a term of less than one year.
Hailiang shares: 325,700 shares of the company were repurchased for the first time. Hailiang shares announced that on December 10, 2024, the company repurchased 325,700 shares through a special account for stock repurchase, accounting for 0.0163% of the company's total share capital. The highest transaction price was 10.86 yuan/share, the lowest transaction price was 10.52 yuan/share, and the total transaction amount was 3,518,700 yuan. This repurchase conforms to the requirements of the company's repurchase plan and relevant laws and regulations.Market News: The Knesset group approved a bill to increase deficit ratio's GDP to 7.7%, which will be submitted to the Knesset plenary session for voting.
On the 11th, soybean oil rose by 1.72%, and the latest main contract positions changed as follows. According to the exchange data, as of December 11th, the main contract soybean oil closed at 2,505, up or down by +1.72%, with a turnover of 529,500 lots. The position data showed that the top 20 seats were clear, and the difference position was 59,880 lots. The total contract turnover of soybean oil futures was 685,800 lots, a decrease of 114,300 lots from the previous day. The first 20 seats in the contract held 687,800 lots, an increase of 15,900 lots over the previous day. The short positions in the top 20 seats of the contract were 775,600 lots, an increase of 3,312 lots over the previous day. (Sina Futures)Regulatory measures were taken to adjust the net worth management of wealth management subsidiaries and standardize the smooth valuation in violation of regulations. The reporter was informed that some wealth management subsidiaries should not reduce the fluctuation of product net worth through illegal means, such as closing price adjustment, smooth valuation or self-built valuation model. This circular requires financial subsidiaries to use the current valuation data provided by China Bond, China Securities and foreign exchange trading centers, and at the same time, the asset management plan needs to implement penetrating management to ensure that the asset management products are consistent with the company's valuation of the same type of assets in terms of valuation principles, policies, technologies and methods. An industry insider told reporters that this move reflects the clear intention of supervision and requires wealth managers to take the road of net worth. (CBN)European bond market: The market remained stable before the US inflation data was released, waiting for the ECB meeting on Thursday. On Wednesday, the European bond market remained stable, waiting for the US consumer price index (CPI) data later that day and the ECB meeting on Thursday. The yield of German 10-year government bonds did not change much, at 2.12%. Traders are waiting for the US CPI inflation data released at 21: 30 Beijing time on Wednesday, which may affect the market expectation that the Fed will cut interest rates next week. The yield of Italian 10-year government bonds also remained basically unchanged at 3.20%, and the spread between Italian government bonds and German government bonds remained at 108 basis points. The market expects the European Central Bank to cut interest rates by 25 basis points on Thursday. The yield of German two-year government bonds is sensitive to the interest rate expectations of the European Central Bank, falling by 1 basis point to 1.96%.