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Huaxi Securities: The capital of its subsidiary Huaxi Yinfeng was reduced by 500 million yuan. Huaxi Securities announced that it decided to reduce the capital of its wholly-owned subsidiary Huaxi Yinfeng Investment Co., Ltd. by 500 million yuan. Before the capital reduction, the registered capital of Huaxi Yinfeng was 2 billion yuan and the paid-in capital was 1.5 billion yuan. After this capital reduction, its registered capital will be reduced to 1.5 billion yuan. This capital reduction does not involve the return of paid-in capital, and Huaxi Securities will still hold 100% equity of Huaxi Yinfeng. The matter was reviewed and approved at the meeting of the board of directors held on December 10, 2024, and it does not need to be submitted to the shareholders' meeting for consideration, and does not constitute a connected transaction or a major asset restructuring. After the capital reduction, the registered capital and various risk control indicators of Huaxi Yinfeng still meet the regulatory requirements.Volkswagen will resume its protracted cost-cutting negotiations with workers next week, and Volkswagen and the labor union will continue negotiations next week, because the two sides still have differences on how to make the automaker more competitive. Arne Meiswinkel, the chief negotiator of the management, said on Monday night that the two sides will hold the fifth round of negotiations again on December 16th to discuss the restructuring of the Volkswagen brand.Singapore Straits Times closed up 0.5% at 3,813.55.

Xinhua Commentary People's Livelihood is no small matter | Big data "killing": Don't let the algorithm be cold-hearted. The special action of "Clear Network Platform Algorithm Typical Problem Governance" is being carried out, and it is clearly required to focus on rectifying and using algorithms to implement big data "killing" and other issues. For some time, many consumers have been inadvertently "calculated" by the algorithm, and special actions have sent a signal to resolutely rectify this chaos. Algorithms quietly affect daily consumption patterns. The algorithm not only promotes the development of digital economy efficiently and accurately, but also erodes consumers' rights and interests in the form of big data "killing". Nowadays, the algorithm may know more about my consumption habits than consumers. Different people book the same flight and the same cabin ticket at different prices. After an APP is used many times, it can no longer receive a large amount of coupons, but it is more expensive for members to book hotels ... As the algorithm is deeply embedded in daily consumption, the "killing" method of big data is refurbished, becoming more and more hidden and complicated. "Killing customers" infringes on consumers' right to know and choose. Algorithms must be law-abiding. Pricing should be based on honesty, and the platform cannot "tailor-made" the price for consumers according to "user portraits" such as age, occupation and consumption level. The so-called "algorithms" that harm the legitimate rights and interests of consumers and undermine the normal and fair competition order in the market must be severely cracked down according to law. Algorithms are not profit-makers. The "killing" of big data is a technical problem and a procedural problem on the surface, but it is actually a social problem and a credit problem. Behind the algorithm is the value choice of the enterprise. Perhaps the cleverness and calculation of "random discount" can bring short-term benefits to business expansion, but in the long run, it will continue to erode the trust of consumers and damage the corporate image, which will lay a disaster for the sustainable development of the whole industry. The algorithm should be good. The use of the algorithm should find an appropriate balance between technological progress and ethical norms, and continue to explore the establishment and improvement of a normalized supervision mechanism. Properly protect users' privacy and experience, rebuild trust with consumers, and make good use of the platform of the algorithm to achieve long-term results. The application of new technologies will bring new products and new formats, as well as new impacts. "Clear network platform algorithm typical problem management" is not a gust of wind, but to continue to let everyone really feel the convenience of new technology. (Xinhua News Agency)The front page of the China Securities Journal: Focus on synergy and cohesion to boost confidence in the stock market. The article said that the the Political Bureau of the Communist Party of China (CPC) Central Committee meeting held on December 9 proposed to "stabilize the property market and the stock market". Market participants believe that the key to stabilizing the stock market is to enhance the internal stability of the market, enhance the investment value of listed companies, crack down on securities crimes, strengthen investor protection, and effectively boost investor confidence. This is a systematic project, involving many aspects, which needs to be exerted in the same direction and form a joint force. The emphasis on coordination, grasping the key, will help to better cohesion and create good conditions for the healthy development of the capital market.Blue Arrow Electronics: Shareholder Neighbourhood Innovation plans to reduce 1.04% of the company's shares. Blue Arrow Electronics announced that the shareholder Neighbourhood Innovation plans to reduce the company's shares by block trading within three months after 15 trading days from the date of announcement, accounting for 1.04% of the company's total share capital. Neighboring Innovation currently holds 6,082,900 shares of the company, accounting for 3.04% of the company's total share capital. The reason for the reduction is that the fund has withdrawn from demand due to maturity. The reduction price will be determined according to the market price and transaction situation, and not lower than the issue price of the company's initial public offering.

Blue Arrow Electronics: Shareholder Neighbourhood Innovation plans to reduce 1.04% of the company's shares. Blue Arrow Electronics announced that the shareholder Neighbourhood Innovation plans to reduce the company's shares by block trading within three months after 15 trading days from the date of announcement, accounting for 1.04% of the company's total share capital. Neighboring Innovation currently holds 6,082,900 shares of the company, accounting for 3.04% of the company's total share capital. The reason for the reduction is that the fund has withdrawn from demand due to maturity. The reduction price will be determined according to the market price and transaction situation, and not lower than the issue price of the company's initial public offering.Whirlpool: The rolling P/E ratio of the company is higher than that of the industry. Whirlpool issued a warning announcement on the risk of stock trading. As of December 10, 2024, the closing price of the company's stock was 12.91 yuan, with a rolling P/E ratio of 82.42 times. According to the data published on the website of China Securities Index Co., Ltd., the industry classification of the company belongs to the CSRC is "C38 Electrical Machinery and Equipment Manufacturing Industry", and the latest rolling P/E ratio is 21.00 times. The rolling P/E ratio of the company is higher than that of the industry, so investors are advised to pay attention to investment risks.The data of VAT invoice shows that the development momentum of "two new products" is good, and the effect of replacing old products with new ones is steadily promoted. The data of VAT invoice shows that in November, the amount of machinery and equipment purchased by enterprises nationwide increased by 4.5% year-on-year. Cumulatively, from January to November, it increased by 6.1% year-on-year, which was 4.2 percentage points faster than the overall purchase amount of enterprises nationwide. Especially in key areas, the effect is obvious, for example, the equipment procurement of industrial enterprises has grown steadily. From January to November, the amount of machinery and equipment purchased by industrial enterprises increased by 5.1% year on year. Among them, the amount of machinery and equipment purchased by manufacturing, electric hot gas and water production and supply industries increased by 5.2% and 5.5% respectively year-on-year, which was higher than the overall growth rate of industrial procurement equipment. For another example, the equipment in business, information and technology industries is updated rapidly. From January to November, the amount of machinery and equipment purchased by modern service industries such as leasing business services, information technology services and scientific research and technology services increased by 10.4%, 16.6% and 19.6% respectively year-on-year, which were significantly higher than the overall growth rate of equipment purchased by enterprises nationwide, reflecting the accelerated development of industries related to new quality productivity. According to the data of VAT invoice, from January to November, the retail sales revenue of household audio-visual equipment such as televisions and household appliances such as refrigerators increased by 15.9% and 18.7% year-on-year, respectively, which was 11.4 and 14.2 percentage points higher than the overall growth rate of retail industry, especially driven by the "Double Eleven" promotion, which increased by 28.8% and 74.4% year-on-year in November. On the other hand, the overall sales of furniture products are improving. According to the data of VAT invoice, from January to November, the sales revenue of furniture retail industry and sanitary ware retail industry increased by 16.8% and 12.5% respectively, which was 12.3 and 8 percentage points higher than the overall growth rate of retail industry, and it showed a rapid growth trend in November, increasing by 36% and 18.8% respectively. (State Taxation Administration of The People's Republic of China)