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South Korea's finance minister held a conference call with three major rating companies to try to dispel the concerns caused by political turmoil, and South Korea's finance minister held a conference call with the heads of sovereign ratings of three major credit rating companies to try to dispel the concerns caused by political turmoil in South Korea. According to the announcement issued by South Korea's Ministry of Finance on Friday, Finance Minister Cui Xiangmu held a conference call with S&P, Moody's and Fitch, telling them that major domestic institutions are operating normally, and said that the previous two presidential impeachments had limited impact on the economy, suggesting that the development of the situation would not have an impact on South Korea's economic activities. South Korea currently receives Moody's Aa2 rating, Standard & Poor's AA rating and Fitch's AA- rating. The rating outlook of the three major rating agencies for South Korea is "stable".Indian Rupee rebounded slightly against the US dollar to 84.8350.Lin Yifu: Four advantages empower China's economy and drive global development. The Central Economic Work Conference was held in Beijing on December 11th and 12th. It was pointed out that in 2025, more active and promising macro policies will be implemented to expand domestic demand and promote the integrated development of scientific and technological innovation and industrial innovation. Lin Yifu, president of Peking University New jiegou Research Institute, said in an interview that the advantages of talent, market, supply chain and system make China continuously competitive, and China will continue to be the driving force of global economic growth. （CGTN）

Ye Fan, Southwest Securities: In 2025, the upward trend of domestic economy will continue, and it is estimated that the annual RRR will be lowered by about 100bp. The Central Economic Work Conference will be held in Beijing from December 11th to 12th. Ye Fan, chief economist of Southwest Securities, said that in 2025, the domestic economy will continue to stabilize and upward under the policy. From the structural point of view, infrastructure and manufacturing investment are expected to remain the main support items for domestic investment next year, and the decline in real estate investment will gradually narrow; Domestic demand is expected to play a stronger role in stimulating the economy than external demand, and domestic residents' consumption is expected to continue to pick up under the policy. Regarding the direction of fiscal and monetary policies, Ye Fan predicted that the issuance scale of ultra-long-term special government bonds will be around 1.5 trillion -2 trillion yuan in 2025, and it will continue to support the "dual" areas. In the first half of next year or the peak of government bond issuance, there may be a RRR cut for hedging. It is estimated that the RRR cut will be about 100bp for the whole year, and the interest rate cut will be decided by camera. The interest rate cut of 25bp-40bp may be promoted step by step.Five bodies were found in a pickup truck on the intercity highway in Guanajuato, Mexico. On December 12, local time, the Public Security Office of Salvatierra, Guanajuato, a central Mexican province, said that the police found five bodies in a pickup truck on the intercity highway in this area. It is reported that five bodies were packed in plastic bags and discarded in a pickup truck. The Office of the Attorney General of Guanajuato will investigate the case.The 2024 Liaoning International Ice and Snow Economic Cooperation Promotion Conference was held. On December 12th, the 2024 Liaoning International Ice and Snow Economic Cooperation Promotion Conference was held in Shenyang. More than 150 government and enterprise guests from more than 20 countries including South Korea, Germany and France and Hong Kong and Macao attended the conference, and conducted in-depth exchanges on topics such as ice and snow tourism, ice and snow sports and ice and snow equipment manufacturing. This promotion meeting is an important sub-activity of "Liaoning International Ice and Snow Economic Cooperation and Negotiation Activities". It is understood that the "Liaoning International Ice and Snow Economic Cooperation Negotiation Activity" will last for three days, during which activities such as Liaoning Ice and Snow Economic Theme Exhibition, Liaoning-Europe and America Ice and Snow Economic Cooperation Exchange Conference and Liaoning Ice and Snow Economic Industry Tour will be held, aiming at deepening the exchanges and cooperation between Liaoning Province and the world in the field of ice and snow economy, jointly exploring new opportunities for the development of global ice and snow industry and building a brand of winter economic and trade cooperation in Liaoning Province. (Liaoning Daily)

Shenzhen recently released four overcharge standards. According to the news of "Shenzhen Release", yesterday, the reporter learned from the Shenzhen Municipal Market Supervision Administration that Shenzhen has made further progress in promoting the construction of electric vehicle charging facilities, and recently took the lead in releasing four overcharge standards. At present, Shenzhen has issued six leading local standards for overcharging, including the grading evaluation standard for decentralized charging facilities for electric vehicles, grading evaluation standard for centralized charging stations for electric vehicles, long-term failure judgment standard for charging equipment for electric vehicles and management standard for construction of charging facilities for electric vehicles in residential quarters. As of December 5, Shenzhen has guided the construction of 913 overcharging stations, added 121,000 charging facilities and upgraded 3,047 old piles. The official implementation of the four latest overcharge standards issued by Shenzhen indicates that Shenzhen has taken another solid step on the road of building an "overcharged city".EDI SUSIANTO, Executive Director of the Bank of Indonesia: The decline of the Indonesian rupiah was affected by global sentiment and the rise of the US dollar.Ralph Lauren's trademark infringement case was a foregone conclusion at the end of 8 years, and the infringer paid a maximum of 20 million yuan. Ralph Lauren's trademark infringement dispute case, which lasted for nearly 8 years, finally came to a foregone conclusion. Shanghai Intellectual Property Court recently made a first-instance civil judgment on a series of trademark infringement cases in which Polo/Lauren Co., Ltd., Ralph Lauren Asia Pacific Co., Ltd. and Ralph Lauren Trading (Shanghai) Co., Ltd. jointly sued Shanghai Ruifa Clothing Co., Ltd., Qingyuan Huahao Zhibai Leather Clothing Products Co., Ltd., Guangzhou Huahao Industry Co., Ltd. and luoding city Yasi Clothing Co., Ltd. The court ruled that the defendant's use of "Polo", "Polo Sport", "Polo Gear" and "polo sport" constituted trademark infringement, and must immediately stop all infringement activities, including the use of similar trademarks and the sale of goods with similar trademarks, and pay a total of 20 million yuan in compensation. Compared with the previous administrative judgment that the infringing trademark is invalid, the significance of this civil judgment is that it has mandatory force to require the shops and other channels suspected of infringement to stop operating, and the total compensation of 20 million yuan is far higher than the legal compensation amount of 5 million yuan stipulated in the trademark law, which is one of the cases that have obtained the highest compensation in China's trademark infringement cases. (Interface News)