Fed governor Hammack said he does not believe the Fed is behind the curve and would consider taking more aggressive action if that were the case.

Ofcom, the UK communications regulator, fined Meta Platforms (META.O) today.

Key News 1. my country successfully launched the Pathfinder satellite for its Origin Exploration Program. 2. The People's Bank of China (PBOC): It will adhere to a moderately loose monetary policy, comprehensively utilizing and adjusting monetary policy tools as needed. 3. The PBOC: It will promote the transformation of loan interest rate pricing benchmarks from a relatively singular reference to the Loan Prime Rate (LPR) to a more diversified pricing benchmark. 4. The taxation of offshore trust income is progressing smoothly and orderly, with over 120 billion yuan collected in October alone. Individual Stock News 1. Satellite Chemicals: Plans to invest approximately 20.7 billion yuan in a propylene and downstream high-end new materials project. 2. TBEA: Signed a 250 million yuan contract for the procurement of power modules for a computing center. 3. Moore Threads MDC 2026 is scheduled for December 29-30, where it will release more than 10 new products, technologies, and solutions. 4. China Shipbuilding: A subsidiary signed a contract to build 20 VLCC crude oil tankers, totaling 17.218 billion yuan. 5. COSCO Shipping Development: Plans to commission the construction of 16 VLCC crude oil tankers and conduct leasing business for 13.425 billion yuan. 6. Nvidia cancels M9 order due to quality issues? Shengyi Technology: Has not received any notification of order cancellations from end users. 7. Junzheng Shares: DRAM demand is currently strong and production capacity is very tight; price adjustments have been completed for most customers. 8. Guangyang Shares (7 limit-up days in 13 trading days): The robotics business is still in the market expansion stage, with a low revenue share and no profit. 9. Zhuhai Duty Free Group: Plans to acquire the remaining 49% equity of the duty-free company, which is expected to constitute a major asset restructuring; trading suspended from the 12th. 10. Changxin Bocheng: The controlling shareholder, Yangtze Optical Fibre and Cable, increased its holdings by 3.6099 million shares from November 9th to 10th, raising its shareholding ratio to 20.00%, and plans to continue to increase its holdings by no less than 20 million yuan. 11. Shanghai Film (4 limit-up days in 8 trading days): The AI video-related business is still in the early investment stage, with a revenue share of less than 0.5%. 12. Wentou Holdings, which has seen 9 consecutive daily limit-up moves in 16 days: Revenue from AI-related comics business accounts for approximately 2.57% of its operating revenue.