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Google has developed a "quantum chip" with super computing power. On the 9th, Google announced that it has developed a chip with super computing power, which is suitable for quantum computers. It claims that this chip can complete the task that the existing fastest computer takes 10 years (10 to the 25th power) in just 5 minutes. On the same day, Google posted a message on the website saying that in addition to high-speed computing power, this chip named "Willow" also has outstanding error correction ability, paving the way for the development of "practical large-scale quantum computers".World Bank: The Philippine economy will grow at an average annual rate of 6% from 2024 to 2026. The World Bank released the latest issue of the Philippine Economic Report (hereinafter referred to as the Report) on the 10th, predicting that the Philippine economy will maintain strong growth in the face of multiple challenges, and the average annual growth rate will reach 6% from 2024 to 2026. According to the Report, the Philippines will be one of the fastest growing economies in East Asia and the Pacific. It is estimated that the annual economic growth in 2024 will be 5.9%, slightly lower than the 6% predicted in October, because extreme weather has affected the economic performance in the third quarter. The growth rate is expected to be 6.1% in 2025 and 6% in 2026. (Zhongxin. com)Five departments, including the Ministry of Industry and Information Technology, jointly deployed the "One-month-one-chain" financing for small and medium-sized enterprises to promote the nationwide activities. The Ministry of Industry and Information Technology, the Ministry of Finance, the People's Bank of China, the General Administration of Financial Supervision and the China Securities Regulatory Commission recently jointly issued the Notice on Launching the "One-month-one-chain" financing for small and medium-sized enterprises to promote the nationwide activities, so as to accelerate the construction of small and medium-sized enterprises' financing, promote a good ecology and help them develop with high quality. The theme of the "One Chain in January" SME financing promotion activities nationwide is "One Chain in January is beneficial to the smooth integration of enterprises", focusing on key SME groups such as high-quality SMEs and key nodes in the industrial chain, giving play to the role of "share, loan, insurance and burden" comprehensive financing means, and guiding financial resources to support SMEs in the chain more accurately by organizing various docking activities. (Ministry of Industry and Information Technology)

Poly Real Estate's 7 billion yuan public bond project was updated to "accepted". On December 10th, according to the information disclosure of Shanghai Stock Exchange, Poly Real Estate Group Co., Ltd. plans to publicly issue corporate bonds with a total amount of 7 billion yuan to professional investors in 2024. At present, the project status has been updated to "accepted". Huatai United Securities is the underwriter of this bond issue, and the bond type is public offering. The Shanghai Stock Exchange has updated the project on December 9, 2024.The main contract of Shanghai and Shenzhen 300 stock index futures (IF) rose 4.00% in the day, and now it is reported at 4,120.6 points. The main contract of Shanghai 50 stock index futures (IH) hit 2700 points, rising 4.39% in the day. The main contract of CSI 1000 stock index futures (IM) exceeded 6500 points, rising by 4.18% in the day. The main contract of CSI 500 stock index futures (IC) rose 4.00% in the day, and now it is reported at 6165.0 points.Consumer stocks continued to be active with 11 consecutive boards of Yiming Food, and consumer stocks continued to be active with 11 consecutive boards of Yiming Food. New Dairy, Western Animal Husbandry, Bairun Shares, Happy Home, Xiangpiaopiao, Tsingtao Beer and so on followed up.

Shanghai Pudong Development Bank: 40 billion yuan of tier-two capital bonds have been issued. On December 10th, Shanghai Pudong Development Bank Co., Ltd. (Shanghai Pudong Development Bank, 600000.SH) announced that the second phase of tier-two capital bonds of the company in 2024 has been issued in the national inter-bank bond market recently with the approval of the State Financial Supervision Administration and the People's Bank of China. The bonds of this issue were recorded on December 6, 2024 and issued on December 10, 2024, with a total issuance scale of RMB 40 billion, which is divided into two varieties. Among them, the first variety is a 10-year fixed interest rate variety, with the issuer's redemption right attached at the end of the fifth year, and the issuance scale is RMB 34 billion, with coupon rate accounting for 2.15%; The second variety is a 15-year fixed interest rate variety, with the issuer's redemption right attached at the end of the 10th year. The issuance scale is RMB 6 billion, and that of coupon rate is 2.34%. The funds raised in this bond will be used to supplement the company's secondary capital in accordance with applicable laws and the approval of regulatory agencies.Commerzbank: It is predicted that by the end of 2025, the copper price will rise to $9,700 per ton.Embassy of the China in the Philippines: Remind citizens in China to take precautions against volcanoes and disasters. On December 9, 2024, the Canlaon volcano in Negro Island of the Philippines exploded, and the local government has ordered the evacuation of nearby residents. The relevant departments have raised the volcano warning from level 2 to level 3. The islands in the central Philippines are located in areas with active geological tectonic activities and frequent disasters. China citizens are requested to take precautions against all kinds of natural disasters, understand and master the common sense of safety and self-help. In case of sudden disasters, they should keep calm, keep communication open, make good preparations for storing necessary supplies such as food, water and first aid kits, pay close attention to the early warning information issued by relevant departments in the Philippines, improve safety awareness and avoid going to dangerous areas near Mount Kalaweng.