After the emergency martial law storm, South Korea's financial industry suffered successively. After the emergency martial law storm in South Korea, South Korea's financial industry suffered successively, and the stock market fluctuated obviously. This week, it began to rebound slightly. South Korean media pointed out that the uncertainty of South Korea's political situation may put its international reputation under downward pressure. South Korea's Deputy Prime Minister and Minister of Planning and Finance, Choe Sang-mu, held an "emergency macroeconomic and financial symposium" on the 10th to discuss the dynamics of the financial and foreign exchange markets and the countermeasures. According to South Korea's Chosun Ilbo reported on the 9th, after the emergency martial law storm, the total market value of South Korea's stock market evaporated by 58 trillion won within three days, and more than 400 billion US dollars of foreign exchange reserves were also threatened. As the political struggle of "impeaching the president" continues, not only finance, but also retail, alcohol, real estate, semiconductor export and other aspects of the Korean economy have also felt the chill. South Korean media believe that if financial instability and the stagnation of the real economy, the economy may fall into crisis sharply. According to the "Foreign Securities Investment Trends in November" released by the Korea Financial Supervisory Authority on the 10th, foreign investors sold 4.154 trillion won in the Korean securities market last month and sold Korean shares for four consecutive months. South Korea's "Asia Daily" said on the 10th that as South Korea re-entered the presidential impeachment time, the uncertainty intensified, and it is expected that the net selling behavior of foreign investors will continue. Although South Korea's stock market rebounded on the 10th, the uncertainty of the political situation put its international reputation under downward pressure. South Korea's Chosun Ilbo published a commentary on the 10th, saying that Fitch and Moody's, among the world's three major credit rating agencies, have successively warned that if the storm after martial law is prolonged, South Korea's national credit rating may be negatively affected. (CCTV)South Korea's finance ministers and Japan's finance ministers held an online meeting, and the two sides reiterated the importance of the partnership between the two countries.Interbank certificates of deposit funds are popular. In the context of the current downward trend of non-bank interbank deposit rates, interbank deposit rates are relatively more attractive, and interbank deposit funds have recently gained popularity. Since December, the 7-day holding fund of AAA index of China Securities Interbank Deposits issued by BlackRock Fund and Agricultural Bank of China Credit Suisse Fund has reached the upper limit of 5 billion yuan, and triggered proportional placement. Both funds are partially confirmed by the principle of "doomsday ratio confirmation", and the doomsday confirmation ratio is 73.36% and 27.02% respectively. In addition, Huatai Bairui Fund and China-Canada Fund also imposed subscription restrictions on their 7-day holding funds of the AAA Index of China Securities Interbank Deposits. From December 11th, the amount of multiple cumulative subscriptions (including conversion and fixed investment) for a single fund account of Huatai Bairui CSI Interbank Deposit Certificate AAA Index 7-day holding fund shall not exceed 100,000 yuan; From December 6th, the subscription amount of a single investor of the 7-day holding fund of China-Canada CSI Interbank Deposit Certificate AAA Index will not exceed 10 million yuan (except for individual investors and public asset management products). (CSI Taurus)
Foreign media: The Italian neo-Nazi organization planned to assassinate the Prime Minister, which was foiled by the police. According to the British "Daily Telegraph" reported on the 11th, an Italian neo-Nazi organization was accused of planning to assassinate Prime Minister Giorgiya meloni and World Economic Forum President klaus schwab, and the assassination plot was foiled by the police. The report quoted local media as saying that last week, the police carried out raids in various parts of Italy, arrested 12 people suspected of participating in the far-right organization, and seized a batch of knives, military clothing and propaganda materials. The organization originally called itself "Wolf Division" and later renamed it "New Dawn Division". The police said that some suspects arrested called meloni a "fascist who persecuted fascists" and had planned to assassinate her since 2023. (Global Times)Huachuang Securities: It was first rated as "recommended" by Zangge Mining, with a target price of 33.3 yuan. Huachuang Securities Research Report pointed out that Zangge Mining (000408.SZ) is an important producer of potassium lithium salt and copper in China, with a high dividend return to shareholders. The company actively arranges high-quality potash resources at home and abroad: three major projects, namely, Heibei potash mine in Dalangtan, Alkali-Shishan potash mine and the eastern part of deep brine potash mine in Xiaoliangshan-Dafengshan area, are steadily promoted in China, with a total exploration right of 1,400 square kilometers; Overseas has signed a potash exploration agreement with Laos. At present, the exploration report and potash mine reserve certificate have been obtained. It is estimated that the total amount of potassium chloride resources in Setani County and Ba 'e County is 984 million tons. It is estimated that the output of the first phase of potassium chloride project will be 1 million tons/year, and the scale of potassium chloride production is expected to double in the future. The company is an important manufacturer of potassium and lithium in China, and Julong Copper is expected to inject strong kinetic energy into the company's growth. Considering that Mamicho Mining has not been consolidated at present, it is estimated that the company will realize a net profit of 25.0/27.7/4.29 billion yuan in 24-26 years, which is -27%, +11% and +54.9% respectively. In 2025, it can be compared with the company's average valuation of 19 times, giving the company a valuation of 19 times in 2025, corresponding to the target price of 33.3 yuan, covering for the first time and giving a "recommended" rating.Enterprise IT Expenditure Survey: Google Cloud is expected to be the first choice for 50% of the respondents. Tae Kim, a science and technology columnist, wrote that according to a recent survey, Google Cloud has risen rapidly in the enterprise AI expenditure competition and may become the winner. According to the 2025 CIO survey released by Piper Sandler, 81 CIOs were asked about their budget priorities in different suppliers and technical fields. According to the survey, 87% of CIOs surveyed expect to increase the IT budget in 2025, which is the highest proportion of the survey since 2020. In this survey, the status of Google Cloud has risen significantly, surpassing Microsoft and OpenAI to become the "most strategic" AI supplier, with a support rate of 27%, a significant increase from 15% six months ago. Relatively speaking, Microsoft's support rate dropped from 33% to 24%. When asked which cloud company they plan to use to test or implement AI projects next year, 50% of the respondents chose Google Cloud, making it the top AI infrastructure provider. In addition, Harsh Kumar, a Piper semiconductor analyst, pointed out that these results are also beneficial to Invista, because all cloud companies are the main buyers of AI chips in NVIDIA. Kumar estimates that the entire AI chip market will have more than $500 billion in business opportunities by 2028.
On December 11th, it was reported that the U.S. government was divided over the U.S. steel acquisition, and Biden considered blocking the transaction. It was reported that the U.S. Department of Defense, the Ministry of Finance and the State Council all believed that the Japanese Steel Company's $15 billion acquisition of American steel companies would not bring national security risks, but U.S. President Biden was expected to block the transaction. Earlier, some media quoted people familiar with the matter as saying that Biden planned to block the acquisition of American steel companies later this month on the grounds of national security. The Committee on Foreign Investment in the United States has been reviewing the proposed acquisition for most of this year, and the group must submit its decision to Biden before December 22 or 23.Russia is willing to engage with the United States on the Ukrainian issue. Russian Foreign Ministry spokesman Zacharova said at a regular press conference on the 11th that Russia is willing to engage with the United States on the Ukrainian issue, but has not received any "serious suggestions" from the team of President-elect Trump.Shanghai Science and Technology Commission: Increase financial support for projects in the fields of scientific instruments, scientific research reagents and technical standards in the Action Plan for Scientific and Technological Innovation, and Shanghai Science and Technology Commission issued the Action Plan for Promoting the Innovative Development of Scientific Instruments and Scientific Research Reagents in Shanghai (2025-2027). The plan points out that financial input should be increased. We will increase support for projects in the fields of scientific instruments, scientific research reagents and technical standards in the Action Plan for Science and Technology Innovation, support technology research and development, product development and standard development, select and fund high-end scientific instruments and scientific research reagent products, and support the construction of technical test and verification platforms, application scenarios and user experience centers. 16. Strengthen financial support. Establish and improve the industrial venture capital mechanism, encourage and guide market capital to participate in industrial development. Give play to the role of the parent fund of the three leading industries and the future industrial fund, encourage social capital investment, support debt financing, mergers and acquisitions, and promote enterprises to become bigger and stronger.