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General Administration of Customs: China's imports of iron ore, coal and natural gas increased in the first 11 months. According to customs statistics, in the first 11 months of 2024, China imported 1.124 billion tons of iron ore, up 4.3%, and the average import price (the same below) was 768 yuan per ton, down 3.9%; 506 million tons of crude oil, down by 1.9% to 4,208.8 yuan per ton, up by 0.3%; 490 million tons of coal, up 14.8%, 688.4 yuan per ton, down 12.5%; 120 million tons of natural gas, up by 12% to 3,506.2 yuan per ton, down by 5.8%; 97.09 million tons of soybeans, an increase of 9.4% and a decrease of 15.1% to 3,591.7 yuan per ton; Refined oil reached 44.94 million tons, up by 4.5%, reaching 4,322.9 yuan per ton, up by 4.5%. In addition, 26.333 million tons of plastics with primary shapes were imported, a decrease of 2.4% to 10,800 yuan per ton, a decrease of 0.1%; The unwrought copper and copper products reached 5.127 million tons, up by 1.7% and 67,700 yuan per ton, up by 11.1%.FTSE China A50 index futures fell to 3%.Hongwei Technology: It plans to buy back shares of no more than 50 million yuan. Hongwei Technology announced that the company plans to buy back shares by centralized bidding, and the amount of repurchase is not less than 25 million yuan and not more than 50 million yuan. The source of funds is the company's own funds and special loans for stock repurchase. The repurchased shares will be used for equity incentives or employee stock ownership plans, or for the conversion of corporate bonds issued by listed companies that can be converted into shares. The repurchase price does not exceed 30.12 yuan/share, and the repurchase period is within 12 months after the board of directors deliberates and approves it.

Guangdong: By 2025, the proportion of non-fossil energy consumption will strive to reach about 30%. In principle, no new self-provided coal-fired units will be added. The Guangdong Provincial People's Government issued an action plan for continuous improvement of air quality in Guangdong Province to develop clean and low-carbon energy. By 2025, the proportion of non-fossil energy consumption will strive to reach about 30%, and electric energy will account for about 40% of terminal energy consumption. Improve the operation mechanism of natural gas pipeline network, and industrial and commercial users with annual gas consumption of more than 10 million cubic meters, close to the main pipeline and with direct download conditions can implement direct supply. New natural gas will give priority to ensuring residents' lives, replacing clean energy sources in industrial boilers and furnaces, and using transportation vehicles and boats. The "coal to gas" of industrial boilers and furnaces should be promoted in an orderly manner under the condition of implementing the gas supply contract. Reasonable control of coal consumption. Promote energy saving and consumption reduction of existing coal-fired generating units. In principle, no new self-owned coal-fired units will be added, and self-owned power plants will be encouraged to turn into public power plants. The Pearl River Delta region has gradually expanded the scope of Class III (strict) no-burn zone for highly polluting fuels, and the Class III no-burn zone in eastern Guangdong, western Guangdong and northern Guangdong has been expanded to urban built-up areas at or above the county level. Coal-fired power projects and their coal consumption that support stable power supply, safe operation of power grid and large-scale consumption of clean energy should be reasonably guaranteed.Rong Sheng Development failed to pay the "20 Rong Sheng Real Estate MTN003" as scheduled, with a total principal and interest of 1,678.08 million yuan. On December 10th, Rong Sheng Real Estate Development Co., Ltd. announced that the "20 Rong Sheng Real Estate MTN003" issued by the company failed to pay the principal and interest of 1,678.08 million yuan as scheduled. The debt was due today, but the company failed to repay it in full. Rong Sheng Real Estate said that it will actively communicate with bondholders on the follow-up disposal plan to seek a solution. "20 Rong Sheng Real Estate MTN003" passed the extension plan in 2022, with the principal extended for one year and the interest extended for two years. (澎湃)Aerospace Electromechanical: It is planned to reduce the capital of its wholly-owned subsidiary, Hong Kong Holdings, by 52.5 million US dollars. Aerospace Electromechanical announced on the evening of December 10 that in order to improve the efficiency of capital use and reduce the risk of overseas operation, while ensuring the normal operation of Shanghai Aerospace Holdings (Hong Kong Holdings) Co., Ltd. (hereinafter referred to as "Hong Kong Holdings"), the company plans to reduce the capital of its wholly-owned subsidiary, Shanghai Aerospace Holdings (Hong Kong) Co., Ltd. by 52.5 million US dollars. After the company recovers the capital reduction, it will all be used to repay the M&A loan.

According to the data released by Shanghai Steel Union, the price of battery-grade lithium carbonate (in early trading) rose by 200 yuan compared with the previous day, with an average price of 76,450 yuan/ton.Market News: The South Korean Parliament approved the government budget of 673.3 trillion won in 2025 (the government proposal is 677.4 trillion won).Wang Zhonglin, Governor of Hubei Province had a discussion with He Xiaopeng, Chairman of Xpeng Motors. On the morning of December 9, Wang Zhonglin, Deputy Secretary of Hubei Provincial Party Committee and Governor, had a discussion with He Xiaopeng, Chairman and CEO of Xpeng Motors. Wang Zhonglin expressed the hope that Xpeng Motors will continue to deepen its cooperation with Hubei, further increase its investment layout in Hubei, expand cooperation space in new energy and intelligent networked vehicles, low-altitude economy, humanoid robots and other fields, promote more new technologies and new products to land in Hubei, and help Hubei forge ahead in promoting scientific and technological innovation and industrial innovation, and accelerate the cultivation and expansion of new quality productivity. He Xiaopeng said that Xpeng Motors will continue to regard Hubei as the key area of business layout, further increase its investment in Hubei, actively promote the transformation and upgrading of Hubei's automobile industry and the development and growth of emerging industries, and make new and greater contributions to accelerating the establishment of Hubei as an important strategic fulcrum for the rise of central China.