virtual currency legal issues Knowledge

 Market News: An earthquake of magnitude 6.09 occurred on the border between Argentina and Chile.Two-way opening-up continues to deepen, and foreign-funded institutions continue to be optimistic about China's capital market. Near the end of the year, many foreign-funded institutions have issued investment strategies for 2025. Foreign-funded institutions generally believe that a series of incremental policies since the end of September are gradually exerting their effects, providing strong support for China's stable economic growth and high-quality development. At the same time, the interconnection of financial markets continues to deepen, and the system of qualified foreign investors continues to be optimized, which also makes foreign investors' interest in investing in China continue to rise. Many foreign-funded institutions such as Goldman Sachs, UBS and Morgan Asset Management continue to be optimistic about the market outlook of China's capital market. Xing Ziqiang, chief economist of Morgan Stanley in China, said that the regulatory authorities are increasingly friendly to foreign investment, and the attention of overseas long-term capital and foreign investors to China is also developing in a positive direction. With the coordinated efforts of reform, it is believed that China's economy and market confidence will continue to stabilize and rebound. (Securities Times)

Market News: Meta urges California courts to stop OpenAI from turning into a profit-making enterprise.Yellen urged the incoming Trump administration not to take radical measures to interfere with the necessary banking supervision. According to Reuters's exclusive information, US Treasury Secretary Yellen urged the incoming Trump administration not to interfere with the proper supervision of the capital level, liquidity and risk-taking of American banks on the 13th local time, which is essential to ensure the health of the banking system. Reuters mentioned that Yellen has served as finance minister in Biden's government since January 2021. She said that the current regulatory system in the United States is not perfect, and it is reasonable to seek ways to reduce the burden. However, she also warned that in view of the history of financial crisis caused by bank failures, radical measures should not be taken to interfere with necessary supervision. "I don't want to say that what we have is absolutely sacred or untouchable. But I don't think it collapsed. We have a good system, "Yellen told Reuters. (World Wide Web)The position ETF--iShares Gold Trust, the world's largest gold ETF, decreased by 4.6 tons compared with the previous trading day, and the current position is 863.9 tons.

Moody's: It is expected that France's public finances will be greatly weakened in the next few years.When the yield of 10-year treasury bonds falls below 1.8%, we need to be alert to the risk of callback. In the past two weeks, the yield of 10-year treasury bonds has fallen rapidly, breaking through several key points one after another, and the market sentiment has soared. While the favorable monetary policy promotes the bond bull market, the hidden risks behind the bond market are gradually emerging. In the market environment with high expected consistency and crowded transactions, the recent rectification measures may further aggravate the fluctuation of net value and trigger redemption pressure. In the face of this bond market carnival, market participants should not only enjoy the market, but also be alert to the potential callback risk. (SSE)Payment licenses have been cancelled for a total of 94 times, and 9 payment institutions "left the site" during the year. Recently, Kaidianbao Payment Service Co., Ltd. issued the Notice on Suspension of Payment Business, saying that it would withdraw and clean up the existing stock business in an orderly manner. According to the list of cancelled payment institutions updated by official website, People's Bank of China, as of December 13 this year, 94 payment licenses have been confirmed to be cancelled, and the number of payment licenses cancelled this year is 9. (Securities Daily)