how digital currency works, Overview

Guangzhou Metro won the Asian Games Avenue plot in Panyu District, Guangzhou with a reserve price of 1,183.96 million yuan. According to the website of Guangzhou Public Resource Trading Center, on December 13th, Guangzhou Metro Group Co., Ltd. won the Asian Games Avenue plot BD0210116 in Panyu District, Guangzhou, Guangdong Province with a reserve price of 1,183.96 million yuan. According to the transfer documents, the plot is planned to be a second-class residential land, a primary and secondary school land and a commercial land compatible with roads and transportation facilities; The parcel area is 99,936.54 square meters, of which the leased parcel area is 85,151.63 square meters, and the calculated floor area ratio is 118,396 square meters.Russia asked Ukraine to open a humanitarian passage in the Ukrainian-occupied area of Kursk. According to the Tass news agency, Russian Commissioner for Human Rights mosca Likova said in Minsk, the capital of Belarus, on the 12th that Russia had asked Ukraine to open a humanitarian passage for the civilians in the Ukrainian-occupied area of Kursk to evacuate to a safe area. Mosca Likova said that there are about 1,500 to 2,000 civilians in Uzhan District of Kursk State, who usually take refuge in destroyed houses or basements of houses.Bawang Chaji hired a new CFO from McDonald's. It is reported that Huang Hongfei, the former CFO of McDonald's China, left his post on October 14, 2024, and after a short break, he joined Bawang Chaji. According to informed sources, this move means that the listing process of Bawang Tea Ji is expected to accelerate.

Ye Fan, Southwest Securities: In 2025, the upward trend of domestic economy will continue, and it is estimated that the annual RRR will be lowered by about 100bp. The Central Economic Work Conference will be held in Beijing from December 11th to 12th. Ye Fan, chief economist of Southwest Securities, said that in 2025, the domestic economy will continue to stabilize and upward under the policy. From the structural point of view, infrastructure and manufacturing investment are expected to remain the main support items for domestic investment next year, and the decline in real estate investment will gradually narrow; Domestic demand is expected to play a stronger role in stimulating the economy than external demand, and domestic residents' consumption is expected to continue to pick up under the policy. Regarding the direction of fiscal and monetary policies, Ye Fan predicted that the issuance scale of ultra-long-term special government bonds will be around 1.5 trillion -2 trillion yuan in 2025, and it will continue to support the "dual" areas. In the first half of next year or the peak of government bond issuance, there may be a RRR cut for hedging. It is estimated that the RRR cut will be about 100bp for the whole year, and the interest rate cut will be decided by camera. The interest rate cut of 25bp-40bp may be promoted step by step.Shaanxi experts took the lead in formulating the first Expert Consensus on Clinical Operation of Micro-apical Surgery in China. Recently, according to the news from the Stomatological Hospital of Air Force Military Medical University, Yu Qing, a professor of dental endodontics in this hospital, led by top experts from more than 10 well-known domestic hospitals, including Peking University Stomatological Hospital, West China Stomatological Hospital of Sichuan University and Ninth People's Hospital affiliated to Shanghai Jiaotong University School of Medicine, successfully formulated the first Expert Consensus on Clinical Operation of Micro-apical Surgery in China in three years.Tin Venture Capital and other companies have invested 300 million yuan in establishing low-altitude economic equity investment partnership. According to Tianyancha App, recently, Wuxi Liangxi Science and Technology City Xichuang Low-altitude economic equity investment partnership (limited partnership) was established. The executive partner is Wuxi Guolian Industrial Investment Private Equity Fund Management Co., Ltd., with a capital contribution of 300 million yuan. Its business scope includes investment activities and venture capital with its own funds, and it is invested by Wuxi Innovation Investment Group Co., Ltd., Wuxi Xiangyun Investment Co., Ltd. and Wuxi Liangxi Science and Technology City.

In 2024, the actual sales revenue of the console game market in China was 4.488 billion yuan, up 55.13% year-on-year. On December 12th, Tang Jiajun, deputy secretary-general of China Audio-visual and Digital Publishing Association and secretary-general of the Game Working Committee, released the Report on the Survey of the Global Console Game Market in 2024 and the Report on the Protection of Minors in China Game Industry in 2024, which pointed out that the actual sales revenue of the console game market in China in 2024 reached 4.488 billion yuan, up 55% year-on-year. In 2024, the number of console game users in China reached 11,546,300, up 14.05% year-on-year. The launch of the domestic game "Black Myth: Wukong" has greatly increased the market size, user size and even the sales of host equipment in China, and promoted the development of the host game market in China.Guangzhou Metro won the Asian Games Avenue plot in Panyu District, Guangzhou with a reserve price of 1,183.96 million yuan. According to the website of Guangzhou Public Resource Trading Center, on December 13th, Guangzhou Metro Group Co., Ltd. won the Asian Games Avenue plot BD0210116 in Panyu District, Guangzhou, Guangdong Province with a reserve price of 1,183.96 million yuan. According to the transfer documents, the plot is planned to be a second-class residential land, a primary and secondary school land and a commercial land compatible with roads and transportation facilities; The parcel area is 99,936.54 square meters, of which the leased parcel area is 85,151.63 square meters, and the calculated floor area ratio is 118,396 square meters.EDI SUSIANTO, Executive Director of the Bank of Indonesia: The decline of the Indonesian rupiah was affected by global sentiment and the rise of the US dollar.