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China Life's first PCT application expense compensation insurance project landed in Shanghai. The reporter learned from China Life Group on December 10th that China Life's first PCT international patent application expense compensation insurance project landed in Shanghai recently. It is reported that the first PCT insurance of a medical technology enterprise in Minhang District of Shanghai was exclusively underwritten by China Life Insurance Shanghai Branch. The relevant person in charge of the company said, "This product has alleviated the high cost pressure when we apply for international patent authorization. At the same time, the insurance product can also enjoy the intellectual property premium subsidy in Minhang District, which further enhances the confidence of enterprises in applying for PCT international patents. "Whirlpool: The rolling P/E ratio of the company is higher than that of the industry. Whirlpool issued a warning announcement on the risk of stock trading. As of December 10, 2024, the closing price of the company's stock was 12.91 yuan, with a rolling P/E ratio of 82.42 times. According to the data published on the website of China Securities Index Co., Ltd., the industry classification of the company belongs to the CSRC is "C38 Electrical Machinery and Equipment Manufacturing Industry", and the latest rolling P/E ratio is 21.00 times. The rolling P/E ratio of the company is higher than that of the industry, so investors are advised to pay attention to investment risks.The data of VAT invoice shows that the development momentum of "two new products" is good, and the effect of replacing old products with new ones is steadily promoted. The data of VAT invoice shows that in November, the amount of machinery and equipment purchased by enterprises nationwide increased by 4.5% year-on-year. Cumulatively, from January to November, it increased by 6.1% year-on-year, which was 4.2 percentage points faster than the overall purchase amount of enterprises nationwide. Especially in key areas, the effect is obvious, for example, the equipment procurement of industrial enterprises has grown steadily. From January to November, the amount of machinery and equipment purchased by industrial enterprises increased by 5.1% year on year. Among them, the amount of machinery and equipment purchased by manufacturing, electric hot gas and water production and supply industries increased by 5.2% and 5.5% respectively year-on-year, which was higher than the overall growth rate of industrial procurement equipment. For another example, the equipment in business, information and technology industries is updated rapidly. From January to November, the amount of machinery and equipment purchased by modern service industries such as leasing business services, information technology services and scientific research and technology services increased by 10.4%, 16.6% and 19.6% respectively year-on-year, which were significantly higher than the overall growth rate of equipment purchased by enterprises nationwide, reflecting the accelerated development of industries related to new quality productivity. According to the data of VAT invoice, from January to November, the retail sales revenue of household audio-visual equipment such as televisions and household appliances such as refrigerators increased by 15.9% and 18.7% year-on-year, respectively, which was 11.4 and 14.2 percentage points higher than the overall growth rate of retail industry, especially driven by the "Double Eleven" promotion, which increased by 28.8% and 74.4% year-on-year in November. On the other hand, the overall sales of furniture products are improving. According to the data of VAT invoice, from January to November, the sales revenue of furniture retail industry and sanitary ware retail industry increased by 16.8% and 12.5% respectively, which was 12.3 and 8 percentage points higher than the overall growth rate of retail industry, and it showed a rapid growth trend in November, increasing by 36% and 18.8% respectively. (State Taxation Administration of The People's Republic of China)

Return to the original intention of "making money for customers"! Cheng Fei, vice president of Guosen Securities, recently made a speech. Recently, the "2024 China Financial Institutions Annual Summit and 2024 China Securities Industry Asset Management Summit Forum" hosted by Securities Times was held in Shenzhen. Cheng Fei, vice president of Guosen Securities and chairman of Guosen Asset Management, delivered a speech at the forum with the theme of "Sticking to the initial heart, winning the favor-colluding with the trend and future of brokerage asset management". Cheng Fei believes that overseas mature asset management institutions are blooming, and domestic asset management institutions are not the only way to go in the future. China's asset management market is large enough, and I believe that all kinds of asset management institutions can stand out as long as they walk out of their own characteristic routes. He said that the asset management of securities firms should return to their original intentions, take "absolute income" as the goal, and return their development ideas to "making money for customers". Applying for a Public Offering of Fund license is not the only antidote. Chengfei hopes that in the future, the peers can abandon the ineffective scale comparison and jointly promote the ecological and healthy development of the brokerage asset management industry with more refined customer service. (Securities Society)Return to the original intention of "making money for customers"! Cheng Fei, vice president of Guosen Securities, recently made a speech. Recently, the "2024 China Financial Institutions Annual Summit and 2024 China Securities Industry Asset Management Summit Forum" hosted by Securities Times was held in Shenzhen. Cheng Fei, vice president of Guosen Securities and chairman of Guosen Asset Management, delivered a speech at the forum with the theme of "Sticking to the initial heart, winning the favor-colluding with the trend and future of brokerage asset management". Cheng Fei believes that overseas mature asset management institutions are blooming, and domestic asset management institutions are not the only way to go in the future. China's asset management market is large enough, and I believe that all kinds of asset management institutions can stand out as long as they walk out of their own characteristic routes. He said that the asset management of securities firms should return to their original intentions, take "absolute income" as the goal, and return their development ideas to "making money for customers". Applying for a Public Offering of Fund license is not the only antidote. Chengfei hopes that in the future, the peers can abandon the ineffective scale comparison and jointly promote the ecological and healthy development of the brokerage asset management industry with more refined customer service. (Securities Society)Jingliang Holdings: It plans to transfer 10.96% equity of Longjingbao Company for 20 million yuan. Jingliang Holdings announced on the evening of December 10 that the company signed the Equity Transfer Agreement with Beijing Wanfa Hengxing Trading Co., Ltd. (hereinafter referred to as "Wanfa Hengxing") on December 10, and will hold 10.96% equity of Chongqing Longjingbao Network Technology Co., Ltd. (hereinafter referred to as "Longjingbao Company"). After the completion of this transaction, the company no longer holds the equity of Longjinbao Company. The counterparty Fang Wanfa Hengxing is a wholly-owned subsidiary of Beijing Grain Group Co., Ltd. (hereinafter referred to as "Jingliang Group"), and Jingliang Group is the controlling shareholder of the company. This transaction constitutes a related party transaction.

Xinhua Commentary People's Livelihood is no small matter | Big data "killing": Don't let the algorithm be cold-hearted. The special action of "Clear Network Platform Algorithm Typical Problem Governance" is being carried out, and it is clearly required to focus on rectifying and using algorithms to implement big data "killing" and other issues. For some time, many consumers have been inadvertently "calculated" by the algorithm, and special actions have sent a signal to resolutely rectify this chaos. Algorithms quietly affect daily consumption patterns. The algorithm not only promotes the development of digital economy efficiently and accurately, but also erodes consumers' rights and interests in the form of big data "killing". Nowadays, the algorithm may know more about my consumption habits than consumers. Different people book the same flight and the same cabin ticket at different prices. After an APP is used many times, it can no longer receive a large amount of coupons, but it is more expensive for members to book hotels ... As the algorithm is deeply embedded in daily consumption, the "killing" method of big data is refurbished, becoming more and more hidden and complicated. "Killing customers" infringes on consumers' right to know and choose. Algorithms must be law-abiding. Pricing should be based on honesty, and the platform cannot "tailor-made" the price for consumers according to "user portraits" such as age, occupation and consumption level. The so-called "algorithms" that harm the legitimate rights and interests of consumers and undermine the normal and fair competition order in the market must be severely cracked down according to law. Algorithms are not profit-makers. The "killing" of big data is a technical problem and a procedural problem on the surface, but it is actually a social problem and a credit problem. Behind the algorithm is the value choice of the enterprise. Perhaps the cleverness and calculation of "random discount" can bring short-term benefits to business expansion, but in the long run, it will continue to erode the trust of consumers and damage the corporate image, which will lay a disaster for the sustainable development of the whole industry. The algorithm should be good. The use of the algorithm should find an appropriate balance between technological progress and ethical norms, and continue to explore the establishment and improvement of a normalized supervision mechanism. Properly protect users' privacy and experience, rebuild trust with consumers, and make good use of the platform of the algorithm to achieve long-term results. The application of new technologies will bring new products and new formats, as well as new impacts. "Clear network platform algorithm typical problem management" is not a gust of wind, but to continue to let everyone really feel the convenience of new technology. (Xinhua News Agency)Shanghai Ganglian: The holding subsidiary Gangyin E-commerce intends to buy back 20-40 million shares, and Shanghai Gangyin E-commerce Co., Ltd., the holding subsidiary of Shanghai Ganglian E-commerce Co., Ltd., intends to buy back shares of Gangyin E-commerce with its own funds (Gangyin E-commerce is a company listed on the New Third Board), and the repurchased shares are used to implement the equity incentive or employee stock ownership plan of Gangyin E-commerce. The number of shares to be repurchased this time is not less than 20 million shares and not more than 40 million shares. It accounts for 1.92%-3.84% of the total share capital of steel and silver e-commerce. According to the number of shares to be repurchased and the upper limit of the repurchase price, it is estimated that the total amount of repurchase funds will not exceed 100 million yuan, and the source of funds is the self-owned funds of steel and silver e-commerce.Xu Ji Electric: It is estimated that China Southern Power Grid will win the bid of 468 million yuan. Xu Ji Electric announced that the company is expected to win the bid for the special bidding project of DC main equipment of Guangdong 220 kV Tianhe Tangxia Flexible Straight Back-to-Back Project of China Southern Power Grid, with the amount of about 468 million yuan. This project mainly embeds flexible DC in urban power supply area to realize flexible interconnection technology and improve the flexibility and security of urban power grid. After winning the bid and signing the contract, the performance of the contract will have a positive impact on the future operation of the company but will not affect the independence of the company's business. The flexible DC converter valve products developed by the company based on 6.5kV IGCT devices will be applied in this project, which is the first engineering application in the field of high voltage DC. At present, the project is still in the publicity stage of the winning candidate, and the company has not received the notice of winning the bid.