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The yield spread of US 10-year Treasury bonds relative to China's has widened to about 250 basis points, the largest in 22 years.The Ministry of Water Resources started the emergency water quantity dispatching of the Pearl River during the dry season from 2024 to 2025. It was learned from the Ministry of Water Resources that the first emergency water quantity dispatching of the Pearl River during the dry season from 2024 to 2025 was started at 8: 00 on December 12. According to the Ministry of Water Resources, through the implementation of this emergency water regulation, the runoff of the lower reaches of Xijiang River and Beijiang River will continue to increase, which can effectively suppress the salty tide in the Pearl River estuary and increase the water storage capacity of local reservoirs in Zhuhai and other places. The Ministry of Water Resources will guide the Pearl River Water Conservancy Commission and the water conservancy departments of the relevant provinces (autonomous regions) to closely monitor the rain, water and salt conditions in the Pearl River Basin, forecast the scope and extent of the upstream influence of salt tide, issue early warning in time, implement unified dispatching of river basin water projects, and make every effort to ensure the water supply safety of important cities in Guangdong-Hong Kong-Macao Greater Bay Area.China Seismological Network officially determined that an earthquake of magnitude 5.2 occurred in Fiji Islands (14.95 degrees south latitude and 178.15 degrees west longitude) at 09: 51 on December 12, with a focal depth of 10 kilometers.

The annual passenger flow at the West Kowloon Station Port exceeded 25 million for the first time. It was learned from the West Kowloon Border Inspection Station of Shenzhen Border Inspection Station that as of 24: 00 on December 11th, the cumulative passenger flow at the West Kowloon Border Inspection Station exceeded 25 million for the first time this year, accounting for 36.7% of the total passenger flow since the opening of the West Kowloon Station Port, an increase of 36.5% compared with last year, an increase of 33% on average daily passenger flow, and 32.5% of foreign passengers entering the country without visas. Inspection ensures that cross-border trains increase by 36% year-on-year, and "customs clearance flow" helps "economic growth", injecting border inspection momentum into the country's high-level open and high-quality development. (Voice of Greater Bay Area)The 10th anniversary of the middle route of South-to-North Water Transfer Project, today (12th) is the 10th anniversary of the middle route of South-to-North Water Transfer Project. Up to now, the project has transferred more than 10.6 billion cubic meters of water to Beijing. In the past decade, Beijing has greatly reduced the amount of groundwater exploitation and shut down more than 1,300 self-prepared wells. The groundwater level in the plain area of Beijing has risen for nine consecutive years. The groundwater depth has risen from 25.75 meters in 2015 to 12.61 meters today, and the groundwater reserves have increased by 7 billion cubic meters compared with 2015. There are 81 springs in Beijing that have re-flooded. Since 2019, the five major rivers in Beijing, Yongding River, Chaobai River, North Canal, Juma River and Chanhe River, have all been "flowing rivers" after a lapse of 26 years, and have been flowing into the sea for four consecutive years. (CCTV News)Shibor reported 1.4820% overnight, down 4.6 basis points; In 7 days, shibor reported 1.6350%, down 8.7 basis points; In three months, shibor reported 1.7400%, down 0.4 basis points.

Ministry of Human Resources and Social Security and other five departments: Since December 15th, the personal pension system has been pushed from 36 pilot cities (regions) to the whole country, and the Ministry of Human Resources and Social Security and other five departments have issued the Notice on the Full Implementation of the Personal Pension System. Since December 15th, the personal pension system has been extended from 36 pilot cities (regions) to the whole country. The so-called personal pension is a supplementary old-age insurance system with voluntary participation, market-oriented operation and national policy support. Individuals voluntarily deposit a sum of money in a specific account, which does not exceed 12,000 yuan per year. Different from ordinary bank wealth management, funds and commercial insurance, individual pensions can enjoy the preferential policy of deferred taxation. In order to promote the preservation and appreciation of individual pensions, the circular requires optimizing product supply, and on the basis of existing financial products such as wealth management products, savings deposits, commercial pension insurance and Public Offering of Fund, specific pension savings and index funds will be included in the catalogue of individual pension products. (Xinhua News Agency)Binhua Co., Ltd. set up a new equipment technology company in Shandong. According to the enterprise search APP, Shandong Hualu Dingcheng Equipment Technology Co., Ltd. was established recently. The legal representative is Dong Hongbo, with a registered capital of 10 million yuan. Its business scope includes: cloud computing equipment technical services; Intelligent basic manufacturing equipment manufacturing; Intelligent basic manufacturing equipment sales. Enterprise equity penetration shows that the company is wholly owned by Binhua shares.Malaysia set up a national office of artificial intelligence policies and regulations, and Malaysia set up a national office of artificial intelligence on Thursday to formulate policies and solve regulatory problems, and hoped to build itself into a regional center for the development of artificial intelligence. In the past year, this Southeast Asian country has received billions of dollars of investment from global technology companies, which seek to build critical infrastructure to meet the growing demand for its cloud and artificial intelligence services. Prime Minister Anwar Ibrahim said at the opening ceremony of the new office: "This is another historic moment in our digital transformation. According to the detailed information published on its website, the office is expected to serve as the central organization of artificial intelligence, providing services such as strategic planning, research and development, and supervision. On Thursday, the Malaysian government also announced the establishment of strategic partnerships with six companies, including Amazon, Google and Microsoft, which all announced data center, cloud computing and artificial intelligence projects in Malaysia in the past year.