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Huitai Medical: Using raised funds and self-owned funds to increase capital of 700 million yuan to wholly-owned subsidiaries. Huitai Medical announced that the company held the 20th meeting of the second board of directors and the 17th meeting of the second board of supervisors on December 12, 2024, and reviewed and approved the Proposal on Using raised funds and self-owned funds to increase capital to wholly-owned subsidiaries. The company agreed to increase its capital by 700 million yuan to Shanghai Hongtong Industrial Co., Ltd., a wholly-owned subsidiary, of which 438 million yuan of interest-bearing loans provided to Shanghai Hongtong with raised funds were converted into capital increase, and 262 million yuan was increased with its own funds. After the capital increase is completed, the registered capital of Shanghai Hongtong will increase from RMB 18,489,300 to RMB 26,548,200, and it will remain a wholly-owned subsidiary of the company.Huawang Technology: Zhang Yancheng, the director, plans to reduce the company's shares by no more than 0.3443%. Huawang Technology announced that Zhang Yancheng, the company's director and senior manager, plans to reduce the company's shares by no more than 1.6 million shares through centralized bidding on the Shanghai Stock Exchange within three months after the announcement date, accounting for 0.3443% of the company's total share capital. The reduction price will be determined according to the market price. Zhang Yancheng currently holds 6,671,700 shares of the company, accounting for 1.4357% of the company's total share capital.The self-built valuation model of bank wealth managers has met with "standardization": some institutions have re-adopted the strategy of excess return of the bank's tier-2 capital bonds with the valuation system of China Securities and China Securities, and recently, the regulatory authorities issued a document to the bank wealth management subsidiary, demanding that the self-built valuation model should not be used to smooth the net value fluctuation, and the valuation standards provided by third parties such as China Securities and China Securities should be adopted, and self-inspection and rectification should be carried out. The purpose of this move is to prevent the bank's wealth management subsidiaries from adjusting product income through self-built models, and to carry out "fund pool" business in disguise to ensure market fairness. At present, a number of bank wealth management subsidiaries have received this document, and have begun to adjust the net value calculation methods of day-opening and closed wealth management products, and re-adopt third-party valuation for investment products such as bank tier 2 capital bonds. A person from a bank financing subsidiary told reporters that he heard that the financial supervision department held a small-scale meeting last week, asking the bank financing subsidiary to respect the new asset management rules and not to violate accounting standards. In addition, the relevant departments also require the financial subsidiaries of banks that have used the self-built valuation model to carry out rectification, and the financial subsidiaries that have been notified shall submit corresponding rectification plans and measures reports within one month. In the view of the above-mentioned bank wealth managers, it is not excluded that some bank wealth management subsidiaries have lowered the allocation ratio of bank tier-2 capital bonds due to the influence of regulatory policies, because when the self-built valuation model is "standardized", the strategy of over-allocating bank tier-2 capital bonds to obtain excess returns becomes increasingly difficult when the net product value fluctuates relatively smoothly. (per meridian)

US official-designate: The House panel will consider relaxing supervision and cryptocurrency structure. On Friday, Congressman Francci Hill, who will be the incoming chairman of the US House Financial Services Committee, said that the committee will focus on relaxing bank supervision, solving the problem of capital formation, so that more companies can go public, and solving the market structure of cryptocurrency. Hill also said in an interview that he has not yet decided whether the United States should establish a bitcoin reserve.Market News: Trump's assistant asked Trump if it was possible to abolish the Federal Deposit Insurance Corporation (FDIC).Luo Zhaohui, Director General of the United Nations Office, should meet with Egyptian Minister of Foreign Affairs and Immigration Abdul Ati by appointment. On December 13th, Luo Zhaohui, Director General of China International Development Cooperation Agency, should meet with Egyptian Minister of Foreign Affairs and Immigration Abdul Ati by appointment. Changshou Hailong, Director of Regional Division I, Li Ming, Director of International Cooperation Department, and Hanafi, Egyptian Ambassador to China, attended the meeting. Luo said that this year marks the 10th anniversary of the "China-Egypt Partnership Year" and the establishment of a comprehensive strategic partnership between the two countries. Under the strategic guidance of the leaders of the two countries, bilateral relations have achieved great-leap-forward development and achieved fruitful results. The General Office of the State Council is willing to work closely with the Egyptian Ministry of Foreign Affairs and the Ministry of International Affairs to implement the important consensus reached by the leaders of the two countries and the outcome of the Beijing Summit of the Forum on China-Africa Cooperation, deepen pragmatic cooperation in the development field between the two sides, and promote the common development of the global South. A thanked China for its long-term strong support for Egypt's economic and social development and improvement of people's livelihood, and expressed its willingness to work closely with China under the guidance of the consensus of the two heads of state to promote the joint construction of the Belt and Road Initiative and implement global development initiatives, continuously expand the breadth and depth of development cooperation between the two countries, and make new contributions to the development of comprehensive strategic partnership between the two countries.

Domestic futures opened mixed at night, with Shanghai Gold down 0.57%, Shanghai Silver down more than 1%, Shanghai Zinc up 0.68%, thread down 0.5%, coking coal down 0.6%, glass down 1.22% and crude oil up nearly 1%.Spot gold fell below $2,660 per ounce, down 0.77% in the day.Niu San "husband and wife file", placard North Exchange Company, recently, "perfume king" Zhou Xingang, sold to North Exchange Company. On the evening of December 12th, Ricky Zhizao announced that from November 6th to December 11th, Zhou Xingang and Xin Li increased their holdings of about 7,605,400 shares in the company through centralized bidding, accounting for 5.4125% of the company's total share capital. Zhou Xingang and Xin Li are husband and wife, who act in concert. (SSE)