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Thirteen people lost contact due to the road collapse in Shenzhen, Guangdong Province. According to the website of the Emergency Management Department on December 11, the the State Council Work Safety Committee issued the Notice on Handling Major Production Safety Accidents on December 10. On December 4, 2024, a major road collapse accident occurred at the construction site of No.5 bid section of Shenjiang Railway in Hangcheng Street, Baoan District, Shenzhen, which has caused 13 people to lose contact. According to the Measures for Handling Major Accidents, the the State Council Safety Committee decided to supervise the handling of this major accident. Guangdong Province should, in accordance with the Regulations on the Reporting, Investigation and Handling of Production Safety Accidents and other relevant laws, regulations and rules, promptly organize accident investigations, quickly identify the cause of accidents, and study and put forward handling opinions in strict accordance with the requirements of accident investigations. Before the accident is closed, the accident investigation report (not finalized) shall be submitted to the the State Council Safety Committee Office for examination and approval, and Guangdong Province shall be responsible for approving the case and announcing it to the public. After the case is closed, the accident investigation report and the implementation of the accident handling decision shall be reported to the the State Council Safety Committee Office for the record.Putin had a phone conversation with Hungarian President Orban on the situation in Ukraine. According to the Tass news agency, Russian President Vladimir Putin and Hungarian Prime Minister Orban discussed the further development of energy projects.Lian Ping, president of the Chief Industry Research Institute of Guangkai, believes that it is expected to reduce the RRR by about 100 basis points in 2025, releasing more than 3 trillion yuan of liquidity. Among them, there is limited room for reducing the deposit reserve ratio of small and medium-sized financial institutions, and the expected RRR reduction is about 50 basis points.

Yuanyuan Communication: The plan being evaluated and negotiated between the company and toy manufacturers does not involve ByteDance, and the results of subsequent negotiations are still uncertain.The National Southeast Regional Emergency Rescue Center is about to be delivered. It was learned from the recent press conference held in Chaozhou, Guangdong that the National Southeast Regional Emergency Rescue Center is about to be delivered. The National Southeast Regional Emergency Rescue Center is located in Chao 'an District, Chaozhou City, Guangdong Province. It is one of the six national regional emergency rescue centers in China, focusing on the emergency rescue of typhoons and their secondary and derivative disasters. It has basic functions such as emergency command, comprehensive rescue, training drills, equipment storage and transportation, etc., to ensure that it can reach the disaster area in the shortest time to complete the difficult rescue task. (CCTV News)Analyst: There may be a RRR cut of 50 basis points to 100 basis points next year. Tan Yiming, chief fixed income analyst of Minsheng Securities, said that there may be a RRR cut of 50 basis points to 100 basis points next year, considering the supply pressure of government bonds, the restoration of credit supply and the provision of long-term stable low-cost funds for financial institutions.

US Treasury Department: US Treasury Secretary Yellen expressed appreciation for the close communication between the Ministry of Economic Affairs of Korea and the United States after the recent events in South Korea.Nikkei futures opened down 95 points at 39,290 on the Singapore Stock Exchange.Ukraine said that the death toll from Russian attack on Zaporoge rose to seven. Ivan Fedoroff, head of military and political affairs in Zaporoge, Ukraine, said on the 11th that the Russian attack on Zaporoge on the 10th had caused seven deaths. (CCTV News)