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Market News: Meta urges California courts to stop OpenAI from turning into a profit-making enterprise.Li Liming, a member of the former party group and deputy director of the Standing Committee of the People's Congress of Chenzhou City, Hunan Province, was "double-opened". After investigation, Li Liming abandoned his initial mission, lost the principle of party spirit, and did not believe in organizational trust. In order to seek personal promotion, he engaged in political climbing, colluded with others, forged, transferred and concealed evidence, and opposed organizational censorship; Ignoring the spirit of the eight central regulations, illegally accepting gifts and gifts, and accepting banquets that may affect the fair execution of official duties; Engage in profit-making activities in violation of regulations, own shares of unlisted companies, and use the influence of authority and position to seek benefits for relatives' business activities; Failing to truthfully report personal matters; Incorrect performance of duties, causing heavy losses to state property; Pursue low taste and indulge in playing cards and gambling; Colluding with private entrepreneurs, taking advantage of their positions to seek benefits for others and illegally accepting huge amounts of property.Shanghai will build a space-time digital twin system. Chen Jining, secretary of the Shanghai Municipal Party Committee, attended the opening day of "Shanghai Quantum City Space-time Innovation Base" in Fuxing Island, Yangpu District yesterday morning to unveil the Shanghai Key Laboratory of Space-time Innovation of Quantum City. According to the construction plan, relevant parties in Shanghai will innovatively integrate and apply all kinds of new digital technologies to build a spatio-temporal digital twin system with virtual reality, online and offline linkage, and all things interconnected. By 2027, the city's spatio-temporal intelligent governance capacity will be comprehensively improved, and thousands of industries will be supported, forming a number of industrial clusters in the spatio-temporal field of artificial intelligence. (Liberation Daily)

Meta stepped in to discourage OpenAI from turning into a profit-making enterprise, and Meta urged the Attorney General of California to stop OpenAI from turning into a profit-making enterprise. Meta said that allowing OpenAI to become a for-profit company will set a dangerous precedent, that is, allowing startups to enjoy the advantage of non-profit status before preparing for profit.In November, the growth rate of new loans was 580 billion yuan, and the growth rate of housing loans rebounded. According to the November credit data released by the People's Bank of China yesterday, the financing demand of the real economy continued to show a marginal improvement trend under the continuous effect of a package of incremental policies. In the month, RMB loans increased by 580 billion yuan, and personal mortgages stabilized and rebounded. In the month, medium and long-term loans of households increased by 300 billion yuan, a significant increase from the previous month. The change of residents' medium and long-term loans is closely related to residents' willingness to buy houses. In November, the medium and long-term loans of residents improved significantly compared with October, mainly because personal loans stabilized and rebounded, which confirmed each other with the marginal improvement of real estate market transactions in that month. In November, the year-on-year growth rate of commercial housing transaction area in 30 large and medium-sized cities turned from negative to positive, and the transaction has remained relatively active since December. The reporter learned from the central bank that with the gradual effectiveness of the package of incremental policies to stabilize the real estate market, the phenomenon of early repayment of personal mortgages has been significantly reduced, and the growth rate of housing loans has recently picked up. In October this year, the amount of personal mortgage loans exceeded 400 billion yuan, and the amount of early repayment decreased. The proportion of early repayment in the balance of personal housing loans was significantly lower than that before the introduction of a package of incremental policies.Bitcoin futures rose more than 1.4% on Friday, and spot bitcoin hit the longest consecutive week for more than three years. At the end of Friday (December 13th) in new york, the main contract of CME Bitcoin futures BTC was USD 102,000, up 1.43% from the end of new york on Thursday, and it fell by 0.58% this week, and fell to USD 94,640 on December 10th. Spot bitcoin has risen by 0.68% in the last seven natural days, rising for the seventh consecutive week-investors are keeping a close eye on the potential regulatory stance of US President-elect Trump, the longest consecutive week since September 2021, temporarily reporting $101,000, and fell to $94,277.11 on December 10. The main contract of CME ethereum futures DCR was reported at $3,928.00, up 0.55% from Thursday, down 3.56% this week and down to $3,498.50 on December 10th.

Zhongjin's fixed income: the financing demand is weak under the background of debt conversion, and the monetary policy needs to continue to increase. Zhongjin's fixed income commented on the financial data in November, saying that it is expected that the currency will be loose or significantly accelerated next year, while the short-term interest rate may have a large downside. Under the background of slow real estate recovery, the domestic economy has stabilized relatively moderately, and the long-term interest rate has been affected or relatively limited. Next year, monetary and fiscal cooperation will be closer, and the supply factor of government bonds may not have much disturbance to the long end. Recently, the market has fully priced loose expectations, and the long-term interest rate has dropped rapidly. Next year, with the RRR cut, the short-term interest rate will fall or accelerate, and the yield curve will move down sharply.Yin Xiyue's impeachment case will be voted again today. Korean media analysis: As long as one more ruling party votes in favor, the motion can be passed. The South Korean National Assembly will hold a plenary meeting at 4 pm local time on the 14th to vote on the motion on impeaching President Yin Xiyue. Korean media analysis believes that according to the relevant procedures, the impeachment case needs at least eight ruling party members to "defect" in order to be passed in Congress. At present, seven people have publicly expressed their support, so as long as one more person votes in favor, the motion can be passed. At the same time, the commentary of "Korea Economy" believes that with the impeachment of Yin Xiyue, the concern about the long-term blank in the fields of administration, national defense and public security in South Korea is intensifying. Moreover, with the deepening of various investigations, the scope of the respondents involved may be further expanded. If the relevant impeachment and recall cases are passed, about one-third of the positions of State Councillors will be vacant. The article believes that it is not groundless to worry that this situation may eventually lead to anarchy. In addition, the US and Japanese media are also "worried" about their relations with South Korea. Washington post said that a month ago, Yin Xiyue was still trying to improve his golf skills, hoping to play golf with the incoming US President-elect Trump, which would make a good start for the relationship between the two sides. Now, he is fighting for his political life. (World Wide Web)China calls on the Security Council to resume the blanket exemption from the travel ban for relevant personnel of the Afghan interim government as soon as possible. On December 13th, local time, the United Nations Security Council unanimously adopted resolution 2763, extending the authorization of the Monitoring Team of the 1988 Sanctions Committee (Taliban Sanctions Committee) for 14 months. The Chinese representative expressed the hope that the team would continue to actively perform its duties as authorized by the resolution, provide strong support for the work of the Committee, support the monitoring team to strengthen contacts with the Afghan interim government, and look forward to the team's early visit to Afghanistan. Geng Shuang said that the resolution reaffirmed the necessity of reviewing the 1988 sanctions regime and stressed that the Security Council sanctions should help promote Afghan peace and stability. The Taliban has been in power for more than three years, the situation in Afghanistan is generally stable, and contacts between the outside world and the Afghan authorities are gradually expanding. China once again calls for timely adjustment of the sanctions mechanism according to the development and changes of the situation. As a first step, the Security Council should restore the blanket exemption from the travel ban for relevant personnel of the Afghan interim government as soon as possible, so as to create conditions and facilitate the international community to strengthen contacts and exchanges with Afghanistan.