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In the first three quarters, China's total cargo transportation was 41.63 billion tons, up 2.3% year-on-year. The China Federation of Logistics and Purchasing released the China Road Freight Development Report (2023-2024) today (13th). According to the report, due to the adjustment of transportation structure, although the proportion of road transportation in China has declined, it is still the main body of the freight market, and road freight has maintained steady growth. According to the report, in the first three quarters of this year, China's total cargo transportation was 41.63 billion tons, up 2.3% year-on-year. From the perspective of freight structure, the proportion of freight undertaken by railway and waterway transportation has increased, while the proportion of road transportation has decreased. In the first three quarters, the volume of road freight transport was 30.66 billion tons, up 3.1% year-on-year, accounting for more than 73%. Road transport is still the main body of the freight market. (CCTV News)The International (Xiong 'an) Robot Industry Alliance was formally established. On December 12th, it was learned from the 2024 xiong'an new area Intelligent Robot Industry Development Conference held in xiong'an new area, Hebei Province that the International (Xiong 'an) Robot Industry Alliance and Xiong 'an Robot Innovation and Technology Research Institute were formally established. "As an important representative of the future industry, the intelligent robot industry is in a critical period of rapid development. The establishment of the International (Xiong 'an) Robot Industry Alliance will strongly promote the development of Xiong 'an robot industry, and the establishment of Xiong 'an Robot Innovation Technology Research Institute will provide strong technical support for the sustainable development of intelligent robot industry, marking a solid step in technology research and development and innovation of xiong'an new area robot industry. " Zhang Qin, former vice chairman of China Association for Science and Technology, said. (xinhuanet)Ping An, China: From January to November, the accumulated property insurance premium income was 292.3 billion yuan.

"High-end liquor" was actually produced in a small workshop in a ravine. The police cracked a case of manufacturing and selling fake liquor across three provinces. The so-called high-end liquor was actually produced in a small workshop where garbage was everywhere in a remote ravine, and the price from production to sale was dozens of times. The police in Fuzhou, Jiangxi Province cracked a case of manufacturing and selling counterfeit liquor across Hubei, Henan and Jiangxi, arrested five suspects at the scene and seized more than 30 boxes of high-grade liquor such as counterfeit Maotai, Wuliangye and Jiannanchun. (CCTV News)Alipay sells cryptocurrency funds? Originally an indirect investment in a product of Huabao Fund, the subscription has been suspended. Recently, some netizens found that Huabao Fund promoted a fund product issued by Huabao Fund in Alipay-QDII-FOF-LOF C (hereinafter referred to as "Huabao Overseas Technology C"), promoting "riding the wind to encrypt the rising market of currency" and "the representative of subversive innovation technology: cryptocurrency". According to the report of Warburg Overseas Technology C in the third quarter of this year, among the top ten funds with the highest fair value at the end of the reporting period, five were only index funds managed by Ark Investment Management under Cathy Wood, the "Mujie", accounting for 73.12% of the total. Looking through the archives of ARK Management Fund, the reporter found that ARK Innvonation ETF (hereinafter referred to as "ARKK"), the largest heavyweight of Huabao Overseas Technology C, was invested in Coinbase, a cryptocurrency exchange. ARK Next Generation Internet ETF (hereinafter referred to as "ARKW"), the second largest warehouse, invests in GBTC(Grayscale Bitcoin Trust) or investment tools such as Bitcoin, Ethereum and other cryptocurrency ETFs. ARKW also suggests the risks related to the indirect investment of funds in cryptocurrencies. In addition, Coinbase ranks third among ARKW's heavy stocks. The reporter logged on to several consignment platforms such as Ant Fortune, Licaitong, Tiantian Fund, China Merchants Bank, Snowball Fund and found that the product was sold on the above platforms, but from December 11th, the large subscription of Class A shares and Class C shares was suspended, and the daily limit for each person was 1000 yuan RMB. However, on December 13th, Huabao Overseas Science and Technology Stock Securities Investment Fund announced that it would suspend subscription and regular fixed investment business. (21 Finance)According to the latest announcement of Allianz Fund, due to work arrangement, Shen Liang stepped down as general manager and financial controller on December 12, and Duan Jing became the new financial controller, and there is no statement about his transfer to other positions in the company. As early as October 8th, the former Inspector General Gu Wen left his post for personal reasons, and Shen Liang acted as Inspector General. Allianz Fund is the ninth wholly foreign-owned public offering in China, which is wholly owned by Allianz Investment. On April 18th this year, it was approved to launch China Public Offering of Fund business, and the first public offering product was established in early September. Before leaving office, Shen Liang served as director, general manager, legal representative and financial controller of Allianz Fund. According to the data, Shen Liang, Gu Wen and Duan Jing joined Allianz Investment in January 2021, August 2021 and May 2022 respectively.

BOC International: Reiterating that China Telecom is the first choice for the "buy" rating of Chinese telecom stocks, BOC International published a research report that the contribution of cloud services to revenue and profit continues to promote the growth of Chinese telecom operators, and cloud and artificial intelligence services are becoming the only sustainable driving force for Chinese telecom operators' revenue and EBITDA. China Telecom and China Unicom have recorded steady growth in profit margin of EBITDA in two quarters this year. With the development of state-owned enterprises and local governments, the bank expects to support the development of end-to-end proprietary cloud infrastructure services for telecom operators for a long time to improve security and regulatory requirements, and at the same time, Chinese telecom stocks can provide attractive valuation and dividend returns to support their long-term performance. Therefore, it reiterates its "buy" rating for Chinese telecom stocks, with China Telecom as the first choice, followed by China Unicom and China Mobile.The screening of the 6th Hainan Island International Film Festival-Spanish Film Week was successfully held. From December 4th to 14th, the screening of the 6th Hainan Island International Film Festival-Spanish Film Week, co-sponsored by the Central Radio and Television General Station and the Hainan Provincial People's Government, came to a successful conclusion. Eighteen excellent Spanish films with rich themes and different styles, such as The Ghost of Beehive, The Confusion of Pink Flamingo and Parting Party, were held in Haikou and Haikou. (CCTV News)Beijing Stock Exchange plans to carry out the fifth network-wide test of trading support platform optimization tomorrow. On December 13th, the office of Beijing Stock Exchange and the office of National Stock Transfer Company issued a notice to carry out the fifth network-wide test of trading support platform optimization on December 14th. The participating institutions are Beijing Stock Exchange, National Stock Transfer Company, China Clearing, Shenzhen Stock Connect, securities companies, fund companies and information providers.