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Real-time News
On December 24th, the meeting emphasized the need to guide large banks to play a leading role in financial services for the real economy, encourage small and medium-sized banks to focus on their core businesses, enhance their capital strength, and jointly maintain the stable development of the financial market. It stressed the effective implementation of various structural monetary policy tools, solid work on the "five major tasks" of finance, and strengthened financial support for key areas such as expanding domestic demand, technological innovation, and small and micro enterprises. The meeting also called for making good use of securities, fund, and insurance company swap facilities and stock repurchase and refinancing, exploring normalized institutional arrangements to maintain capital market stability. It further emphasized the need to continue providing financial services to support the development and growth of the private economy. Finally, it stressed the importance of effectively promoting high-level two-way opening up of the financial sector and improving economic and financial management capabilities and risk prevention capabilities under open conditions.On December 24, Ukrainian President Volodymyr Zelenskyy stated that Ukraine does not agree to the requirement in the new 20-point "peace plan" that Ukraine abandon its NATO membership, and that Ukraine will not give up on joining NATO. Speaking to reporters in Kyiv, Zelenskyy pointed out that the agreement to end the Russia-Ukraine conflict is between the United States, Ukraine, Europe, and Russia, while whether or not Ukraine joins NATO is a choice that NATO member states must make. Zelenskyy said that negotiations between NATO and Russia concerning their relationship cannot bypass the question of Ukraines NATO membership. "How they negotiate is their business, but we have made our own choice because it is very important for Ukraines future."French President Macron: These measures by the United States demonstrate an intention to intimidate and challenge Europes digital sovereignty.On December 24th, Zotye Automobile announced that its ninth board of directors, at its sixth extraordinary meeting of 2025, passed a resolution to reach settlements with the Yongkang branches of the Bank of China and China Construction Bank. Previously, in two financial loan contract disputes, the Yongkang branch of the Bank of China applied to freeze 50,000 yuan and related shares, while the Yongkang branch of China Construction Bank applied to freeze 4.2142 million yuan and related shares. Both freezes were subsequently lifted, and neither case went to trial. Recently, the company reached settlements with both banks. With the Yongkang branch of the Bank of China, the company is required to repay 222 million yuan in principal and interest, with 10.178 million yuan to be paid before December 31, 2025, and the remaining balance to be paid before January 31, 2026. With the Yongkang branch of China Construction Bank, the company is required to repay 183 million yuan in principal and interest, with 10 million yuan to be paid before December 31, 2025, and the remaining balance to be paid before January 31, 2026. These settlements will facilitate the companys asset revitalization and resumption of production.An EU spokesperson stated: "If necessary, the EU will respond swiftly and decisively to defend our regulatory autonomy and resist unfair practices."
