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Pinduoduo stocks fell more than 3% before trading.The China Securities Association held a plenary meeting of the professional committee on securities brokerage, wealth management and asset management, which was held in Beijing on December 3rd. The meeting stressed that the securities industry should focus on its main business, optimize supply, improve its value creation ability, form a diversified financial product and service system suitable for the needs of various investors, and implement the strategic layout of "five big articles"; Adhere to the customer-centered, practice the development concept of finance serving the country and finance serving the people, and correctly handle the relationship between functionality and profitability; Actively serve the national strategic needs, optimize product design, innovate service models, and provide more long-term financial support for the real economy. The meeting summarized the key work of the Committee in 2024 and discussed the work plan for 2025. In the next stage, the Committee will further play its role as a platform for communication, deliberation and handling affairs, unite industry consensus, guide the industry to focus on its main business, give full play to the functions of wealth managers, continuously improve its professional service capabilities, provide full chain services for investors' property preservation and appreciation, and help the high-quality development of the capital market.Kremlin: Actions in the Golan Heights and the buffer zone are unlikely to help stabilize the situation in Syria.

South Korea's tourism industry has been hit, and the mayor of Seoul promised to ensure the safety of tourists. Recently, South Korea's tourism industry has been hit by the emergency martial law storm, and many hotels and travel agencies have been unsubscribed. Seoul Mayor SE HUN promised to take measures to ensure the safety of tourists on the 11th and urged foreign tourists to visit Seoul. SE HUN said at the meeting that a large number of people gathered near Gwanghwamun and Ruyi Island in Seoul recently, but the related activities were generally peaceful and no safety accidents occurred. According to him, Seoul's safety standards are still quite high. (Xinhua News Agency)In 2024, the e-sports industry grew by 4.6% year-on-year, and the live broadcast revenue of e-sports content accounted for the highest proportion. On December 11th, the 2024 China E-sports Industry Annual Conference was held in Beijing. The 2024 China E-sports Industry Report was officially released at the meeting. According to the report, the actual income of e-sports industry in China in 2024 was 27.568 billion yuan, up 4.6% year-on-year. In the income composition, the live broadcast of e-sports content is still the sector with the highest proportion of income, reaching 80.84%; The income from the competition accounts for 8.75%; E-sports club income is 6.37%, and other income is 4.04%. (The country is a through train)OPEC Monthly Report: Russia slightly cut its oil production in November. On Wednesday, OPEC quoted data from second-hand sources as saying that Russia's crude oil production in November decreased slightly by 0.7 million barrels per day to about 8.99 million barrels per day. This is basically consistent with Russia's monthly production quota of 8.98 million barrels under the OPEC+agreement (including voluntary production reduction). Russia promised to cut production in October and November this year and from March to September next year to make up for the excess production since April. The output of Iraq and Kazakhstan has also been higher than the target, and they also promised to further reduce production to compensate for their excess production.

The probability of the Bank of Japan raising interest rates this month doesn't seem to increase the strength of the US/Japan again. Justin Low, an analyst at Forexlive, a financial website, said that the possibility of the Bank of Japan raising interest rates this month was very low from the beginning, and earlier today, the ratio was about 30%. There has just been a sudden report that some policy makers of the Bank of Japan may support raising interest rates in December, but they also think it is unnecessary to rush because they think the cost of waiting for raising interest rates is "very small". After this news, the possibility of the Bank of Japan raising interest rates further dropped to about 23%. This, in turn, led to buying against the yen, while the yen fell. In the initial reaction, USD/JPY once fell to a low of 150.99, but then rose to around 152.30.The Bank of Japan believes that the cost of waiting for the next rate hike is not high, but it is also open to raising interest rates this month. According to informed sources, Bank of Japan officials believe that there is almost no cost to wait before raising interest rates, and they are still open to raising interest rates next week, depending on data and market development. According to people familiar with the matter, even if the Bank of Japan decides to wait until January next year or a little longer before raising interest rates, the relevant authorities believe that this will not bring huge costs, because there are signs that there is little risk of inflation overshoot. According to people familiar with the matter, officials think it is only a matter of time before the next rate hike, because the economy and inflation are in line with their forecasts. According to people familiar with the matter, officials will make a final decision only after carefully evaluating the data and financial markets before announcing the policy decision in December. Bank of Japan Governor Kazuo Ueda and his committee will discuss next week whether it is necessary to raise the benchmark interest rate from 0.25%. Unlike the situation in July, the yen did not show a strong weakness, so the Bank of Japan believes that the risk of the yen pushing up inflation has weakened.Pinduoduo stocks fell more than 3% before trading.