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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.Wal-Mart Mexico's share price rose more than 4% after the regulator ruled that it was involved in monopolistic behavior.In November, personal housing loans stabilized and rebounded. On December 13, the central bank released financial statistics for November 2024. The financial data was generally stable and maintained strong support for the real economy. It is noteworthy that the growth rate of household loans has been rising recently, mainly because personal loans have stabilized and rebounded. From the perspective of residents' departments, the short-term and medium-and long-term loans in the first 11 months increased by 1.29 trillion yuan and 453.8 billion yuan respectively, of which the medium-and long-term loans of residents increased by 66.9 billion yuan in November, increasing for two consecutive months. With the intensive introduction and effective implementation of a package of incremental policies, social expectations and market confidence are gradually picking up. Market experts generally predict that the effective financing demand in the market will be further improved, financial resources will flow more to major strategies, key areas and weak links, and financial support for the high-quality development of the real economy will be more powerful and effective. (21 Finance)

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.Nasdaq China Jinlong Index fell more than 2% in the day, while Nasdaq China Jinlong Index fluctuated lower, falling more than 2% in the day. Shells fell more than 5%, while iQiyi, New Oriental and Jinshan Cloud fell more than 4%.Zhao Xiongwen, a famous expert in communication field and a professor at North China Electric Power University, died of illness at the age of 61. (澎湃)

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.Hokkaido, Japan will levy accommodation tax from 2026, and it is estimated that the annual tax revenue will reach 4.5 billion yen. On December 12, the plenary session of Hokkaido Parliament of Japan passed a regulation to levy accommodation tax on tourists staying in hotels and hotels in Daodao, which is expected to be implemented from April 2026. The accommodation fee per person per night is 500 yen if it is above 50,000 yen (about 2,380 yuan), 200 yen if it is between 20,000 and 50,000 yen, and 100 yen if it is below 20,000 yen. It is estimated that the annual tax revenue will reach about 4.5 billion yen, which will be used for transportation infrastructure construction and "excessive tourism" (tourism pollution) countermeasures.Analyst: Britain's economic contraction for the second consecutive month sounded the alarm. AJ Bell analyst Danni Hewson said in a report that one month's data can't tell the whole story, but when the British economy contracted for two consecutive months-just like September and October-it is worthy of attention. The last time the economy contracted for two consecutive months was during the first pandemic blockade in 2020. She said that the uncertainty before the government budget may lead individuals and businesses to avoid spending for fear of possible tax increases. Bars, restaurants and art industries were hit hard in October. Hewson said that such discretionary expenses can be easily cut. In addition, looking back over the past six months, except August, the economic activity in each month was flat or decreased.