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For the first time since November 2022, the yield of 10-year US Treasury bonds has exceeded the yield of 3-month US Treasury bonds.Wen Bin, chief economist of Minsheng Bank: The "scissors gap" between M2 and M1 continues to narrow, reflecting the positive trend of the economy. "The total financial volume has grown steadily, and the liquidity is reasonable and abundant, which has maintained strong support for the real economy." Wen Bin, chief economist of China Minsheng Bank, believes that the year-on-year growth rate of narrow money (M1) balance rebounded in November compared with last month, and the "scissors gap" between M2 and M1 continued to narrow, reflecting the positive economic trend. Wen Bin introduced that the medium and long-term loans of households in China are mainly personal housing mortgage loans. With the real estate financial policy taking effect, the phenomenon of early repayment of personal loans has been significantly reduced, and personal loans will continue to stabilize and rebound. The recent improvement of commercial housing transaction data and financial data confirms each other, and the confidence of the real estate market and residents is further enhanced.ECB officials are expected to cut interest rates further. Villeroy supports the market view, and several ECB officials said that more interest rate cuts are coming. Francois Villeroy de Galhau, governor of the French central bank, said that investors' bets on a cumulative interest rate cut of more than 100 basis points seemed reasonable. "There will be more interest rate cuts next year, and many times," he said on Friday. "Although the central bank did not promise the specific interest rate trajectory in advance, it seems to be quite reassuring to predict the financial market". The interest rate swap market reflects a rate cut of about 120 basis points by the end of next year. According to informed sources, the European Central Bank plans to cut interest rates by 25 basis points in January next year, and may also cut interest rates once in March.

Supreme People's Procuratorate: Make full use of the rule of law to serve high-quality development. The reporter learned from the Supreme People's Procuratorate on December 13 that the meeting held on the day of the Supreme People's Procuratorate required that procuratorial organs should fully perform their legal supervision duties in accordance with the law, strive to create a harmonious and peaceful social environment, a safe and stable rule of law environment, a fair and just market environment, and a clean business environment, and make full use of the rule of law to serve high-quality development. (Xinhua News Agency)Unitedhealth group, USA: The suspect in the executive shooting was not a corporate client. On December 13th, a spokesman for unitedhealth group said that Luigi Man Ghione, the suspect in the shooting of Brian Thompson, CEO of United Health Insurance Company, was not a corporate client. Andrew Vitti, CEO of unitedhealth group, expressed his condolences over Thompson's murder in a commentary and said that he understood the public's dissatisfaction with the "defective" health care system in the United States. Vitti said: "Health care is both a personal matter and very complicated. People don't fully understand the reasons behind the underwriting decision, and we are responsible for it. We need to work with employers, governments and other people who pay for medical expenses to improve the way we explain insurance coverage and make decisions. "Huatai Research gave JD.COM Group the initial rating of H-share purchase with a target price of HK$ 182.73.

Jiangxi released a typical case of private equity funds serving the real economy. In recent years, private equity investment institutions have condensed long-term innovative capital and continuously empowered high-quality development. On December 13th, Wan Liangshun, deputy director of the Financial Office of Jiangxi Provincial Party Committee and deputy director of the Provincial Local Financial Administration Bureau, released ten cases of private equity funds serving Jiangxi real economy at the 2024 Yangtze River Economic Belt (Gongqingcheng) Fund Innovation and Development Conference held in Gongqingcheng, Jiangxi. Wan Liangshun introduced that Jiangxi attaches great importance to the development of the private equity industry and clearly requires strengthening guidance to give full play to the role of private equity investment in promoting development. There are 1493 private equity funds in Jiangxi, with an investment of 186.175 billion yuan. Private equity funds have become an important force to attract external capital, help industrial transformation and serve local economy, and the province's fund innovation and development have achieved remarkable results. (SSE)Mckinsey agreed to pay $650 million to settle the criminal investigation of opioids by the U.S. Department of Justice. Mckinsey submitted a five-year deferred prosecution agreement to the federal court in Abingdon, Virginia, and agreed to pay $650 million to settle the criminal investigation of the U.S. Department of Justice on its work in guiding the opioid manufacturer Purdue Pharmaceutical to increase sales. According to court documents, Martin Elling, a former senior partner of McKinsey, agreed to plead guilty to obstruction of justice because he destroyed McKinsey's consulting records for Purdue Pharmaceutical. He will plead guilty on January 10th next year. Mckinsey has previously reached various settlement agreements totaling nearly $1 billion. The company had previously faced lawsuits in several States in the United States, and was accused of providing sales analysis and marketing advice to pharmaceutical companies such as Purdue Pharmaceutical and Johnson & Johnson, which contributed to the popularity of opioids.Jiangxi released a typical case of private equity funds serving the real economy. In recent years, private equity investment institutions have condensed long-term innovative capital and continuously empowered high-quality development. On December 13th, Wan Liangshun, deputy director of the Financial Office of Jiangxi Provincial Party Committee and deputy director of the Provincial Local Financial Administration Bureau, released ten cases of private equity funds serving Jiangxi real economy at the 2024 Yangtze River Economic Belt (Gongqingcheng) Fund Innovation and Development Conference held in Gongqingcheng, Jiangxi. Wan Liangshun introduced that Jiangxi attaches great importance to the development of the private equity industry and clearly requires strengthening guidance to give full play to the role of private equity investment in promoting development. There are 1493 private equity funds in Jiangxi, with an investment of 186.175 billion yuan. Private equity funds have become an important force to attract external capital, help industrial transformation and serve local economy, and the province's fund innovation and development have achieved remarkable results. (SSE)