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Wang Jing, National Endowment Insurance: Opening the market for individual pensions nationwide will usher in a period of historic policy opportunities, and the five departments jointly issued the Notice on the Full Implementation of the Individual Pension System. Wang Jing, head of the market channel department of the national pension insurance, said that after the individual pension is pushed nationwide, it is expected that the market will usher in a historic period of policy opportunities. All kinds of financial institutions will build differentiated and diversified product systems around people's diversified life-cycle pension financial needs, and provide comprehensive services with characteristics and quality, especially for flexible employees and new employment forms, which will further stimulate the whole society's active awareness of pension, accumulate pension financial funds and effectively promote the development of the real economy. (Securities Society)NATO Secretary General Rutte: We will need to spend far more than 2% of GDP on national defense.Central Economic Work Conference: Expanding high-level opening to the outside world and stabilizing foreign trade and foreign investment. The Central Economic Work Conference was held in Beijing on December 11th and 12th. The meeting proposed to expand independent opening and unilateral opening in an orderly manner, steadily expand institutional opening, promote the free trade pilot zone to improve quality and efficiency and expand the reform mandate, and accelerate the implementation of the core policy of Hainan Free Trade Port. Actively develop service trade, green trade and digital trade. Deepen the reform of foreign investment promotion system and mechanism. We will steadily open up the service industry, expand pilot projects in the fields of telecommunications, medical care and education, and continue to build the brand of "Invest in China". Promote high-quality joint construction of the "Belt and Road", deepen and improve the overseas comprehensive service system. (Xinhua News Agency)

Trump: If Kennedy Jr. takes action, he will have a "big discussion" on ending the children's vaccination program.Trump: If Kennedy Jr. takes action, he will have a "big discussion" on ending the children's vaccination program.Baiyang Pharmaceutical Group signed an agreement with Peking University Hospital. On December 12, Baiyang Pharmaceutical Group signed a cooperation agreement with Peking University No.1 Hospital, and obtained the exclusive right to patent, clinical development and registration, production and marketing of "targeted integrin small molecule inhibitor" in Peking University Hospital.

After the European Central Bank moderately cut interest rates by 25 basis points, the EUR/GBP remained below 0.8250.Central Economic Work Conference: Strengthening Expectation Management and Promoting Policy Implementation and Expectation Guidance in Coordination. The Central Economic Work Conference was held in Beijing from December 11th to 12th. The meeting stressed that it is necessary to coordinate development and safety, do a good job in safety production, and effectively prevent and respond to social security incidents in a timely manner. Strengthen synergy, oppose departmentalism, and form a joint force for implementation. Strengthen the expected management, promote policy implementation and expected guidance in coordination, and enhance policy guidance and influence. At the same time, we should accurately grasp the situation of the world, the country, the party and the society, strengthen strategic planning, and formulate suggestions for the 10 th Five-Year Plan of the Central Committee. (Xinhua News Agency)The rise in food prices has pushed the wholesale inflation in the United States to accelerate unexpectedly. The prospect of interest rate cuts next year is uncertain. The wholesale inflation rate in the United States unexpectedly rose in November, and the soaring egg price masked the moderate impact of price increases in other regions. According to data released by the Bureau of Labor Statistics on Thursday, the producer price index (PPI) rose by 0.4% month-on-month, the biggest increase since June, and economists surveyed by Bloomberg expected a median of 0.2%. PPI increased by 3% compared with the same period of last year, the biggest increase since the beginning of 2023. The core PPI excluding food and energy increased by 0.2% from the previous month and 3.4% from the same period of last year. The CPI report released on Wednesday showed that the core inflation rate in the United States remained firm for the fourth consecutive month. This series of data brought uncertainty to the outlook of prices and interest rates next year, especially when Trump threatened to raise import tariffs after taking office. Economists pay close attention to the PPI report because several of its breakdown data will affect the personal consumption expenditure price index (PCE) that the Federal Reserve is concerned about. Although PCE data will not be released before the Fed policy meeting next week, central bank officials will have a good understanding of the data according to CPI and PPI reports. The market generally expects the Federal Reserve to cut interest rates by 25 basis points next week, but the pace of interest rate cuts is expected to slow down next year.