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Henan: This year, the limit of "debt conversion" has been fully issued. On the 10th, the Finance Department of Henan Province reported that the province successfully issued 30,444.53 million yuan of government bonds in Shanghai, all of which are special bonds for refinancing, mainly used to replace existing implicit debts. So far, the local government debt limit issued by the Ministry of Finance of China in 2024 to replace the hidden debt in stock has been fully issued. The Henan Provincial Department of Finance reported that the members of the underwriting syndicate subscribed enthusiastically, and the subscription multiple of the whole audience reached 30.86 times, which fully reflected the investors' high recognition and confidence in Henan's economic development, financial strength and government credit.The observers of the International Atomic Energy Agency in Zaporoze Nuclear Power Plant completed routine personnel rotation. The Zaporoze Nuclear Power Plant and the Russian Ministry of Defense issued a statement saying that the observers of the International Atomic Energy Agency in Zaporoze Nuclear Power Plant completed routine personnel rotation that day. The Russian Ministry of Defence and the Russian National Guard provided security for the rotation. Three experts from the International Atomic Energy Agency arrived at Zaporoge nuclear power plant as observers, whose task was to supervise and evaluate the operational safety and physical safety of Zaporoge nuclear power plant. Since Grossi, Director General of the International Atomic Energy Agency, visited Zaporoge Nuclear Power Plant for the first time on September 1, 2022, IAEA experts have been stationed at the nuclear power plant to observe.Next year, the incremental funds will come from fund companies such as debt-based companies. Multi-assets and low volatility will become the key words for investment next year. According to the survey, many fund companies have recently made many layouts in new product issuance and continuous marketing of old products. Debt base is still an important force in the annual "scale war" of fund companies. The importance of ETF has increased this year, and some fund companies also regard it as the key to improve the scale ranking. For next year's business layout, ETF and fixed income are regarded as the business focus by many fund companies, especially ETF, and its development has become the consensus in the industry. In addition, multi-assets and low volatility have become the key words for investment next year. (CSI)

International Air Transport Association (IATA): It is estimated that the net profit of the aviation industry may reach 36.6 billion US dollars in 2025, and the number of air passengers may exceed 5 billion in 2025. On the 10th local time, IATA released the global aviation industry profit forecast for 2025. It is estimated that the net profit of the aviation industry will reach 36.6 billion US dollars in 2025, a slight improvement over 2024, and it is estimated that the net profit in 2024 will reach 31.5 billion US dollars. According to the report, despite the continuous cost and supply chain challenges, the profitability of the aviation industry has improved slightly. In addition, passenger traffic is expected to reach 5.2 billion in 2025, and the number of passengers will exceed 5 billion for the first time.Bank for International Settlements: Swap spreads are reflecting investors' concerns about excessive bond supply. The Bank for International Settlements (BIS) pointed out that huge government loans are having an impact on the global interest rate market, saying that investors have demanded higher premiums for buying sovereign bonds. In its quarterly report released on Tuesday, the agency pointed out that the swap spreads of various currencies and maturities have narrowed rapidly in recent months, which are "signs of possible oversupply". As investors are worried about huge debt and deficit expansion, the yields of government bonds in the euro zone and Japan have recently exceeded comparable swap rates. This leads to the so-called swap spread becoming negative. Because national debt is usually regarded as a safer investment than interest rate swap, it is unusual for the swap spread to enter the negative range. According to the Bank for International Settlements, the negative swap spread seems to reflect the pressure faced by investors and intermediaries because they need to absorb more government bonds in the near future. In the United States, the swap spreads for some maturities have been negative for many years.The Australian dollar fell 1% against the US dollar to 0.6375.

China and Vietnam announced the signing of an intergovernmental agreement on cross-border standard-gauge railway cooperation projects. On December 10th, the 16th meeting of the China-Vietnam Bilateral Cooperation Steering Committee was held in Beijing. The two sides agreed to give full play to the overall coordinating role of the Steering Committee, actively explore the direction and measures to deepen the building of a community of destiny between China and Vietnam around the implementation of the high-level consensus between the two parties and the two countries, and promote more results. The two sides announced the signing of an intergovernmental agreement on cross-border standard-gauge railway cooperation projects. The meeting also heard a report on the first meeting of the "3+3" strategic dialogue mechanism between China and Vietnam in diplomacy, national defense and public security.Three quarters of the earth's land is gradually dry due to climate change. From December 2 to 13, the 16th Conference of the Parties to the United Nations Convention to Combat Desertification (COP16) was held in Riyadh, Saudi Arabia. On December 9, the United Nations released a report during the meeting, saying that about three-quarters of the world's land has gradually become dry due to climate change. In addition, the Copernican Climate Change Service of the European Union pointed out in a monthly bulletin of global air surface temperature in November released on December 6 that 2024 will be the hottest year on record in the world, and the current ultra-high temperature is expected to last until the first few months of 2025.Latvian Foreign Minister Blase said that we will cooperate with anyone appointed by Trump.