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Li Guangzi, director of the Banking Research Office of the Institute of Finance of China Academy of Social Sciences: The risk of small and medium-sized financial institutions is the focus of risk disposal in the coming period. Li Guangzi, director of the Banking Research Office of the Institute of Finance of China Academy of Social Sciences, told reporters that with the implementation of the policy package to resolve local government debt risks, the local government debt risks have obviously converged recently. In contrast, risks in real estate and small and medium-sized financial institutions are still outstanding. In this context, the meeting took the risks of real estate and small and medium-sized financial institutions as the focus of risk disposal in the coming period, which made clear the focus and pointed out the direction for further financial risk disposal. Especially in the field of real estate, because of its long adjustment cycle and wide coverage, it is still the top priority of risk disposal. (SSE)GBP/USD fell 0.4% to 1.2700, the lowest level in a week.US National Security Adviser Sullivan: When I met with Israeli Prime Minister Benjamin Netanyahu, I felt that he was ready to reach an agreement.

The forecast of the European Central Bank assumes that the exchange rate of the euro against the US dollar will be 1.08 in 2024 and 1.06 in 2025, 2026 and 2027.Sullivan, US National Security Adviser: I have had a good discussion with my successor to ensure a smooth handover.Russian Foreign Minister: It's not the first time that Ukrainian President refused to propose a ceasefire. On December 12, local time, the Russian Foreign Ministry reported that Hungarian Foreign Minister Sergei Jardot had spoken with Russian Foreign Minister Lavrov and told Ukrainian President Zelensky that he had rejected the Hungarian proposal for a temporary ceasefire and an exchange of prisoners of war in the Russian-Ukrainian conflict. Lavrov said that this is not the first time that the Ukrainian authorities rejected the relevant suggestions made by other countries after releasing their own signals. Hungarian Prime Minister Orban said on the 11th local time that Ukrainian President Zelensky explicitly rejected the proposal of a ceasefire on December 25th. "Hungary's rotating presidency of the European Union has come to an end. We have made the latest efforts for peace and proposed a ceasefire on December 25th and a large-scale exchange of prisoners of war. Zelensky explicitly rejected and ruled out this possibility ".

Lian Ping, Dean and Chief Economist of Guangkai Chief Industry Research Institute: It is expected that deficit ratio will be allocated 4%-4.5% next year, and its finance will be more active to meet the current economic needs. (Xinhua Finance)Li Guangzi, director of the Banking Research Office of the Institute of Finance of China Academy of Social Sciences: The risk of small and medium-sized financial institutions is the focus of risk disposal in the coming period. Li Guangzi, director of the Banking Research Office of the Institute of Finance of China Academy of Social Sciences, told reporters that with the implementation of the policy package to resolve local government debt risks, the local government debt risks have obviously converged recently. In contrast, risks in real estate and small and medium-sized financial institutions are still outstanding. In this context, the meeting took the risks of real estate and small and medium-sized financial institutions as the focus of risk disposal in the coming period, which made clear the focus and pointed out the direction for further financial risk disposal. Especially in the field of real estate, because of its long adjustment cycle and wide coverage, it is still the top priority of risk disposal. (SSE)Dong Ximiao, Principal Investigator of Zhaolian: Support small and medium-sized banks to better establish a long-term mechanism for capital replenishment. The Central Economic Work Conference proposed to effectively prevent and resolve risks in key areas and firmly hold the bottom line of systemic risks. The meeting also proposed that the risks of local small and medium-sized financial institutions should be properly handled. Dong Ximiao, chief researcher of Zhaolian, believes that more resolute and effective measures should be taken to promote the real estate market to stop falling and stabilize, speed up the reform of small and medium-sized financial institutions, and firmly hold the bottom line of no systemic risks. (SSE)