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Water conservancy science and technology work conference held: accelerate the construction of advanced and practical water conservancy science and technology support system, and the Ministry of Water Resources recently held a water conservancy science and technology work conference. Li Guoying, Minister of Water Resources, demanded that the system of water conservancy technical standards should be improved, and the coordination mechanism between water conservancy standard development and scientific and technological innovation should be improved. It is necessary to improve the support system of water conservancy scientific and technological innovation forces, optimize the positioning and layout of various water conservancy scientific and technological innovation forces, and form a joint force of system research and development. It is necessary to improve the transformation system of water conservancy scientific and technological achievements, accelerate the accurate docking and integrated development of innovation chain, industrial chain and application chain, and transform more innovative achievements into new quality productivity. It is necessary to improve the policy guarantee system of water conservancy science and technology innovation, implement new research models such as "revealing the list" and "horse racing system", and accelerate the establishment of an evaluation system and assessment mechanism oriented to innovation ability, quality, effectiveness and contribution.HSBC: The Bank of Japan may raise interest rates next week. Economists at HSBC Global Research pointed out that the Bank of Japan may raise interest rates at its meeting in December. Frederic Neumann and Jun Takazawa, the bank's economists, said that the recent hawkish remarks by officials reflected both foreign exchange fluctuations and the improvement of economic data. Most members of the Bank of Japan's Policy Committee may have enough confidence that wages will continue to increase generally next year and will choose to raise interest rates before December and January, when Trump takes office. Japan's economy and prices are still on the normal track, and wages, consumption and service inflation have all made progress. HSBC predicts that the Bank of Japan will raise interest rates by 25 basis points again in the first quarter of 2026, bringing the policy interest rate to 1%.On December 10th, it was reported that Yizi International, a snack and candy company, was exploring the acquisition of Hershey, a well-known chocolate manufacturer in the United States. This potential transaction is expected to create a food giant with a total sales of nearly $50 billion. People familiar with the matter said that Yizi had made preliminary contact on a possible merger. By the end of last week, the market value of Yizi was about $84 billion, compared with $35 billion at Hershey. People familiar with the matter said that the consultation was at an early stage and it was uncertain whether an agreement would be reached.

Tasting established a supply chain company in Shanghai with a registered capital of 50 million yuan. According to Tianyuecha App, recently, Shanghai Jinling Lion Supply Chain Technology Co., Ltd. was established. The legal representative is Yang Keying, with a registered capital of 50 million yuan. Its business scope includes supply chain management services, food sales, food Internet sales, general goods storage services, loading and unloading, general equipment repair, etc., and it is wholly owned by Fuzhou Tasting Catering Management Co., Ltd.European regulators have learned to investigate the advertising agreement between Google and Meta for teenagers. European regulators have learned to investigate the advertising agreement between Google and Meta for teenagers and have asked Google to provide more information about the cooperation with Meta's secret advertising. According to informed sources, European Commission officials have been investigating a series of advertising activities on YouTube to promote Instagram to young people.Market News: The Director of Russian Intelligence Agency said that Russia is close to achieving all its goals in Ukraine and has the strategic initiative on all fronts.

The annualized rate of return of over 40% money funds fell below 1.5% on the 7th. Recently, the annualized rate of return of several money funds fell below 1.5% on the 7th, which attracted market attention. In an interview with reporters, some insiders said that the recent reduction in the interest rate of interbank deposits and the weakening of the income from the allocation of deposits by the money fund are the main reasons for the decline in the overall yield of goods. "The decline in bond market yields and the expected easing of money market interest rates have led to the low income level of the money fund expected to remain for some time." Ming Ming, chief economist of CITIC Securities, said that investors are advised to pay attention to other types of investment products such as bond funds and hybrid funds in the near future in order to seek more diversified investment options and income sources. (Securities Times)Brussels investigates the secret advertising transactions between Google and Meta for teenagers. According to the Financial Times, European regulators have asked Google to provide more information about the cooperation with Meta's secret advertising, which ignores the search company's own regulations on how to treat minors. The report quoted people familiar with the situation as saying that the government has been investigating a series of advertising activities to promote social media platform Instagram to teenagers.FTSE China A50 index futures fell to 3.5%.