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*ST Hetai set up a new company including integrated circuit sales business. According to the enterprise survey APP, recently, Yizhixin Technology Co., Ltd. in Fuzhou High-tech Zone was established. The legal representative is Haining, and its business scope includes: sales of special equipment for semiconductor devices; Integrated circuit sales; Internet of things technology research and development; Internet of things application services, etc. Enterprise equity penetration shows that the company is indirectly wholly-owned by *ST Hetai.Li Dongsheng said that low-price competition has no way out, and it will only get involved. On December 11th, at TCL Global Innovation Conference, founder Li Dongsheng said that in the current market competition, low-price competition has no way out, and it will only get involved in endless "involution". To surpass its competitors, it is necessary to strive for more breakthroughs in high-end products. He Jun, vice president of TCL Industry, talked about the current development of industrial software enterprises in China in a subsequent interview. He also said that from the aspects of financing environment and market support for enterprises, China is not an environment where good software enterprises can be born at present, but in the long run, industrial software may make a breakthrough in China software, and this time will not be very fast, and it will not be seen for three or five years.The Shanghai 50 index fell more than 2%, and the Shanghai and Shenzhen 300 index fell 1.8%.

Tianyuan Environmental Protection set up a construction engineering company in Xinjiang. The enterprise search APP shows that recently, Xinjiang Tianyuan Construction Engineering Co., Ltd. was established with Xuan Wang as its legal representative and a registered capital of 50 million yuan. Its business scope includes: construction; Subcontracting of construction services; Construction professional work, etc. Enterprise investigation shows that the company is wholly owned by Tianyuan Environmental Protection.The annual evaluation report of the big model in the financial field was released, and the big model of Step Star/Fortune Leap Star performed well. The 6th Shanghai International Forum on Financial Technology was held in Shanghai. At the meeting, Shanghai Artificial Intelligence Laboratory, together with Shanghai University of Finance and Economics and Shanghai Cooper Technology Co., Ltd., released the Report on Evaluation of Large Models in Financial Field (2024), which comprehensively evaluated 20 models from five dimensions: model basic ability, financial security and value alignment ability, financial risk control ability, financial professional cognitive ability and financial business auxiliary expansion ability. The comprehensive scores of Anthropic, Step Star/Fortune Star and Alibaba ranked in the top three. Step-2-16k model of Step Star/Fortune Star got the second comprehensive score, and the multi-modal comprehensive score of Finstep model got the first.The White House commuted the sentences of 1,500 people in one day, and Biden pardoned 39 people in one day. According to Agence France-Presse reported on December 12, US President Biden commuted the sentences of nearly 1,500 people and pardoned 39 people at the end of his term. The White House said that this was the "largest" leniency action in a single day in American history. Biden announced on the 12th that about 1,500 people would be commuted, and at the same time, 39 non-violent offenders would be pardoned, saying that they had turned over a new leaf and were committed to making the community safer. (Reference message)

Faba Bank: Some people think that Trump's policies (especially tariffs) will not cause inflation. However, market analysts have been misled and need to take Trump's tariff policy seriously.The new CEO of Pakistan Stock Exchange said that the exchange is seeking to provide traders with the option of cash settlement of futures trading, and plans to conduct a test before March next year.Guangdong Electric Power A and others set up enterprise service companies with AI business. The enterprise search APP shows that recently, Guangdong Energy Group Enterprise Service Co., Ltd. was established, with the legal representative of Xu Lin and the registered capital of 150 million yuan. Its business scope includes: artificial intelligence basic resources and technology platform; Research and development of intelligent robots; Artificial intelligence industry application system integration services. Enterprise equity penetration shows that the company is jointly held by Guangdong Electric Power A and others.