Core Viewpoint - The incident of "WeChat groups crashing" became a trending topic on Weibo, indicating significant user disruption and concern regarding the platform's reliability [1] Group 1 - A large number of users reported issues with sending or syncing messages in WeChat groups, leading to feelings of isolation among users [1] - The WeChat team from Tencent issued an apology, attributing the problem to a "slight server shake" and confirmed that the service has been restored [1]

Core Insights - The recruitment market is expected to recover in the second half of 2025, with a significant increase in AI-related job postings, showing a year-on-year growth of over 11 times in September [1] - Positions explicitly requiring keywords like "AI" and "large models" account for 19.18% of new job postings [1] - The CEO of Maimai, Lin Fan, stated that AI will gradually reshape jobs, workflows, and organizational structures over the next 3 to 10 years [1] Job Market Trends - From January to October 2025, the overall talent supply-demand ratio in the new economy sector is 2.23 [1] - Algorithm engineers and large model algorithm engineers are the top two new job roles [1] - AI scientists have an average monthly salary exceeding 127,000 yuan, indicating a salary premium for AI-related positions [1] Company Recognition - Maimai announced the "Job Well Done" company awards, with JD.com, BYD, SHEIN, and Didi recognized as "Annual Job Well Done Employers" [1] - ByteDance and BYD received accolades as "Most Praised Employers for Fresh Graduates" [1] - Tesla and Bosch China were named "Most Popular Foreign Enterprises" [1] AI Tool Usage - Over 90% of professionals are currently using AI tools in their work, with DeepSeek and Doubao being the most utilized [1]

Core Viewpoint - The meeting of the National Financial Supervision Administration emphasizes the importance of supporting the achievement of the 2026 economic and social development goals, while effectively managing financial risks and stabilizing the real estate market [1] Group 1: Economic Development Goals - The meeting aims to provide strong financial support for the successful initiation of the 14th Five-Year Plan [1] - There is a focus on ensuring orderly prevention and resolution of risks in key areas [1] Group 2: Risk Management - The administration is committed to prioritizing risk prevention, addressing existing risks, and preventing new risks from emerging [1] - A strict adherence to the principle of not allowing any major financial failures is emphasized [1] Group 3: Support for Real Estate Market - The meeting highlights the need to stabilize the real estate market and enhance the role of urban real estate financing coordination mechanisms [1] - There is a call to assist in constructing a new model for real estate development [1] Group 4: Financial Institutions - Guidance is provided for banking and insurance institutions to actively resolve financial debt risks associated with local government financing platforms, following market-oriented and legal principles [1]

Core Viewpoint - The People's Bank of China emphasizes the need to enhance the central banking system and build a strong central bank, focusing on a scientific and robust monetary policy framework [1] Group 1: Monetary Policy - The meeting highlights the importance of constructing a scientific and robust monetary policy system, with dynamic assessment and improvement of the monetary policy framework [1] - There is a call to enrich the toolbox of monetary policy and strengthen the execution and transmission of monetary policy [1] Group 2: Financial Stability - The meeting stresses the need to coordinate efforts on the "five major articles" of finance, aiming to establish a comprehensive macro-prudential management system and a mechanism for systemic financial risk prevention and resolution [1] - It emphasizes the importance of enhancing macro-prudential management in key areas and improving the regulatory framework for systemically important financial institutions [1] Group 3: Financial Market Infrastructure - The construction of a regulated, transparent, open, vibrant, and resilient financial market system is highlighted as a priority [1] - The meeting also calls for the establishment of a safe and efficient financial infrastructure system [1] Group 4: Legal Framework - There is a focus on improving the legal foundation for the central bank's functions [1]

Core Viewpoint - The People's Bank of China emphasizes the importance of preventing and mitigating financial risks in key areas to maintain financial stability and support high-quality economic development [1] Group 1: Financial Risk Management - The meeting highlights the need to balance economic growth, structural adjustments, and financial risk prevention at the macro level [1] - Strengthening the monitoring, assessment, and early warning systems for financial risks is a priority [1] - A mechanism for providing liquidity to non-bank financial institutions under specific scenarios will be established to mitigate moral hazards in the financial market [1] Group 2: Support for Financial Institutions - The bank is committed to advancing the resolution of debt risks associated with financing platforms [1] - The principles of marketization and rule of law will guide the proactive and prudent handling of risks in small and medium-sized financial institutions [1] - Macro-prudential management of real estate finance will be emphasized to ensure stability [1]

声明中，小米公司回顾了其支农助农的相关举措，称长期通过各种方式助力乡村振兴。目前，小米已在 贵州、云南、湖南、河北、新疆等多地捐赠支持乡村学校及农场发展。其中，自2019年起，小米公益基 金会向新疆、云南、贵州等地捐赠建立了7所"小米图书馆"，并持续捐赠资金以支持乡村文化及教育振 兴。 公司声明指出，此前对相关账号的投诉，是针对其"恶意模仿、捏造污蔑，对我司及我司高管名誉的侵 害行为"，并非针对"小米"二字或"小米"农产品的正常使用。小米公司表示，将投诉行为曲解为"不让 用'小米'二字"是偷换概念，相关视频是以"助农"议题为名，行污蔑造谣、博取流量之实。 原文如下： 凤凰网科技讯12月12日，小米公司近日对社交媒体上出现的"小米公司不让卖小米"相关视频内容作出正 式澄清，指其"完全失实，是彻头彻尾的歪曲与污蔑"。 ...

Group 1 - The core viewpoint of the articles emphasizes the current state of monetary policy in China, highlighting that the growth rates of social financing and M2 are significantly higher than the nominal GDP growth, indicating a moderately loose monetary policy environment [1][2][4] - As of November 2025, the total social financing stock reached 440.07 trillion yuan, with a year-on-year growth of 8.5%, while the broad money (M2) balance was 336.99 trillion yuan, growing by 8% year-on-year [1] - The increase in government debt and the contribution of government bonds to social financing have been significant, with new government debt totaling 11.86 trillion yuan, an increase of 2.9 trillion yuan from the previous year [2] Group 2 - The loan growth rate has shown a decline, attributed to factors such as local government debt and the reform of small and medium-sized banks, which have exerted downward pressure on loan growth [3][4] - The overall loan balance in foreign and domestic currencies was 274.84 trillion yuan, with a year-on-year growth of 6.3%, while the RMB loan balance was 271 trillion yuan, growing by 6.4% [3] - The shift from traditional investment-driven growth to consumption-driven growth is leading to a decrease in loan demand from traditional sectors, as new economic growth points are less reliant on bank loans [5] Group 3 - The articles discuss the importance of direct financing channels, such as corporate bonds and equity financing, which are expected to play a more significant role in the financial system moving forward [2] - The net financing from corporate bonds reached 2.24 trillion yuan in the first eleven months of the year, an increase of 312.5 billion yuan year-on-year, indicating a growing trend in direct financing [2] - The central economic work conference emphasized the need for stable economic growth and reasonable price recovery as key considerations for monetary policy, with a long-term inflation target of around 2% [6][7]

12月12日，央行公告称，为保持银行体系流动性充裕，2025年12月15日，中国人民银行将以固定数量、 利率招标、多重价位中标方式开展6000亿元买断式逆回购操作，期限为6个月（182天）。 ...

Core Insights - The total balance of domestic and foreign currency loans reached 274.84 trillion yuan at the end of November, reflecting a year-on-year growth of 6.3% [1] - The balance of RMB loans stood at 271 trillion yuan, with a year-on-year increase of 6.4% [1] - In the first eleven months, RMB loans increased by 15.36 trillion yuan [1] Loan Breakdown - Household loans increased by 533.3 billion yuan, with short-term loans decreasing by 732.8 billion yuan and medium to long-term loans increasing by 1.27 trillion yuan [1] - Corporate loans rose by 14.4 trillion yuan, with short-term loans increasing by 4.44 trillion yuan, medium to long-term loans increasing by 8.49 trillion yuan, and bill financing increasing by 1.31 trillion yuan [1] - Loans from non-bank financial institutions decreased by 33.2 billion yuan [1] Foreign Currency Loans - The balance of foreign currency loans was 542.9 billion USD at the end of November, showing a year-on-year decline of 1.6% [1] - In the first eleven months, foreign currency loans increased by 800 million USD [1]

Core Insights - The People's Bank of China reported a significant increase in RMB deposits, totaling 24.73 trillion yuan in the first eleven months of 2025 [1] Group 1: Deposit Increases - Household deposits rose by 12.06 trillion yuan [1] - Non-financial corporate deposits increased by 1.09 trillion yuan [1] - Fiscal deposits saw an increase of 2.04 trillion yuan [1] - Deposits from non-bank financial institutions grew by 6.74 trillion yuan [1]