Wind风控日报 | 稳定币《天才法案》本周将“闯关”美国参议院

Group 1 - The Ministry of Commerce has extended the anti-dumping investigation period for imported pork and pork by-products from the EU until December 16, 2025, due to the complexity of the case [3] - Pan Hai Holdings Co., Ltd. announced it failed to repay debts amounting to 32.813 billion yuan, including 4.737 billion yuan in domestic bonds and 28.076 billion yuan in other interest-bearing debts, citing liquidity difficulties influenced by macroeconomic conditions and industry policies [5] - Guangzhou Fangyuan Real Estate Development Co., Ltd. reported that its joint venture Guangzhou Shangjing failed to repay due debts of 439.9699 million yuan, leading to liquidity issues [6] Group 2 - The State Administration for Market Regulation is seeking public opinion on the draft of the "Live E-commerce Supervision Management Measures," which emphasizes the responsibility of live stream operators to provide accurate and comprehensive product information [36] - Douyin refuted claims that its e-commerce return rate exceeds 90%, stating that many accounts spreading this misinformation exhibit characteristics of "water army" behavior [38] - The photovoltaic industry is facing a downturn, with 40% of 138 listed companies reporting annual losses, and 73% experiencing a decline in gross margins [39] Group 3 - The "Genius Act" regarding stablecoins is expected to be voted on in the U.S. Senate this week, aiming to establish a regulatory framework for stablecoins, which are seen as beneficial for consumer protection and the legitimacy of the cryptocurrency industry [26] - VinFast, a Vietnamese electric vehicle manufacturer, reported a 296% year-on-year increase in vehicle deliveries in Q1, totaling 36,330 units, but also recorded a net loss of approximately 712 million USD [27][28]