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Royal Bank of Canada: The European Central Bank may move towards negative real interest rate. Royal Bank of Canada BlueBay Asset Management said that the European Central Bank may cut the interest rate below 2% next year, which the agency estimated to be a short-term neutral interest rate. Kaspar Hense, senior portfolio manager of the institution, said in a report that the core inflation rate is expected to be around 2.5% in the first half of 2025, which means that the real interest rate will be negative. He said that under the influence of unfavorable factors such as trade, continuous competitive pressure from other countries and financial problems, this should play a moderate supporting role in the economy.Central Economic Work Conference: In view of the bottleneck of industrial transformation and upgrading, the Central Economic Work Conference was held in Beijing from December 11th to 12th. The meeting proposed that we should unswervingly deepen reform and open wider to the outside world in view of the deep-seated obstacles and external challenges that restrict development; In view of the bottleneck restriction of industrial transformation and upgrading, promote the smooth continuous transformation of old and new kinetic energy; Strengthen policy support and optimize supervision services in response to concerns and demands in business operations; In view of the hidden risks in key areas, we will continue to vigorously promote risk disposal. We must vigorously improve the efficiency of implementation, fully mobilize the enthusiasm, initiative and creativity of grassroots units, continuously optimize the business environment, and better unite the joint efforts to promote high-quality development. (Xinhua News Agency)European Central Bank President Lagarde: Economic growth is losing momentum.

Jili Liaoyuan reported a suspected gas explosion in a residential area: 13 people were hospitalized, including 2 seriously injured. Liaoyuan City Emergency Management Bureau reported that at 18: 17 pm on December 12, the municipal fire rescue detachment received an alarm, and a suspected gas explosion occurred in a residential area in Liaoyuan City. At present, the open flame has been extinguished, and 13 people were hospitalized, including 2 seriously injured. The cause of the accident is under investigation.Insiders: Incorporating national debt and index funds into the scope of personal pension products is expected to increase the scale of deposit. On December 12, the Ministry of Human Resources and Social Security, the General Administration of Financial Supervision and other five departments officially issued the Notice on the Full Implementation of Personal Pension System, which stipulated that national debt should be included in the scope of personal pension products on the basis of existing financial products such as wealth management products, savings deposits, commercial pension insurance and Public Offering of Fund. E Fund believes that the index funds included in personal pension products are mainly broad-based and dividend products, which are also in line with the long-term stable value-added investment goal of pensions. Because the broad-based index reflects the overall performance of a certain type of market, covering a wide range of industries, with a large number of constituent stocks and scattered risks, the pension investment time is often as long as several decades. In a market with healthy and sustainable economic development prospects and long-term upward trends, the broad-based index can help pension investors share the fruits of economic growth and obtain long-term stable returns. It is reported that with the inclusion of national debt in the scope of personal pension products, it is widely expected that this move will further increase the scale of personal pension payment. (per warp net)Baidu and Geely have started the internal transfer process to pay social security for employees of Jiyue in November. On the evening of December 12, the employee representative of Jiyue, Xia Yiping, CEO of Jiyue, and two major shareholders of Geely and Baidu held a closed meeting. Interface news learned that after several rounds of communication, Baidu and Geely are taking the transfer process to pay the arrears of social security for employees in November. (Interface)

Market news: the agency said that the number of people applying for unemployment benefits in the United States jumped to the highest level in two months, but it was still at a low level.World Meteorological Organization: The possibility of La Nina in the next three months is more than 50%. The latest forecast released by the World Meteorological Organization on the 11th shows that the possibility of La Nina in the next three months is more than 50%. It is expected that the intensity of La Nina will be weak and the duration will be short. According to the introduction of the World Meteorological Organization, the current El Niñ o/Southern Oscillation (ENSO) index is in a neutral state, which is neither El Niñ o nor La Nina. According to the forecast, from December 2024 to February 2025, the possibility of changing from the current neutral state to La Nina phenomenon is 55%. The forecast also shows that from February to April 2025, the possibility of returning to neutral state is 55%. (Xinhua News Agency)European Central Bank President Lagarde: Reiterating the European Central Bank policy statement.