Core Viewpoint - The People's Bank of China (PBOC) is intensifying efforts to combat virtual currency trading speculation and illegal activities, emphasizing that virtual currencies do not hold legal status equivalent to fiat currencies and should not circulate in the market [2] Group 1: Regulatory Actions - A meeting was held by the PBOC on November 28 to coordinate efforts against virtual currency trading speculation [2] - The meeting highlighted the need to address the recent resurgence of speculative activities in virtual currencies and related illegal activities [2] - The PBOC reiterated its commitment to a prohibitive policy on virtual currencies and the continuous crackdown on illegal financial activities related to them [2] Group 2: Risks and Challenges - The PBOC noted that stablecoins, a form of virtual currency, currently fail to meet requirements for customer identification and anti-money laundering, posing risks for illegal activities such as money laundering and fundraising fraud [2] - The meeting acknowledged new challenges in risk prevention and control due to various influencing factors [2] Group 3: Collaborative Efforts - Various governmental bodies, including the Ministry of Public Security and the Supreme People's Court, participated in the meeting to enhance collaboration and improve regulatory policies [3] - The PBOC called for deeper cooperation among units to strengthen information sharing and monitoring capabilities [2]

Macro Economy - The establishment of the Commercial Space Administration by the National Space Administration marks the beginning of dedicated regulatory oversight for China's commercial space industry, which currently has over 600 companies, aiming for high-quality development and potential benefits across the entire industry chain [1] - A survey conducted by the All-China Federation of Industry and Commerce on over 4,000 private enterprises with international operations indicates that the overseas revenue of these companies is projected to reach 52,149.66 billion yuan in 2024, reflecting a nearly 12% growth, with overseas employees totaling 854,000, an increase of 9.61% [2] Investment News - The Shenzhen Stock Exchange's Xiong'an Service Base has been inaugurated, facilitating capital market services for technological innovation and industrial upgrades in the Xiong'an New Area [4] - The first batch of seven China Securities Index Innovation and Entrepreneurship Artificial Intelligence ETFs was launched on November 28, potentially bringing over 30 billion yuan in new funds to the market, with nearly 1 billion shares already subscribed [4] - Major state-owned banks have collectively withdrawn five-year large-denomination certificates of deposit, a move aimed at reducing liability costs and stabilizing net interest margins, with expectations for continued declines in deposit product rates [5] Company Movements - NIO announced that it has successfully delivered over 20,000 units of its new ES8 model within 70 days of the official delivery start [7] - Google co-founder Sergey Brin donated over 1.1 billion USD (approximately 77 billion yuan) in Alphabet stock, primarily to a nonprofit organization he founded [7] - Volkswagen Group appointed Ludwig Fazel as the new head of group strategy and product strategy, effective December 1 [7] - Airbus announced that approximately 6,000 A320 aircraft require urgent updates to flight control software due to vulnerabilities exposed by a recent incident involving JetBlue Airways [7]

Core Viewpoint - The People's Bank of China emphasizes the need to combat virtual currency speculation and illegal financial activities, highlighting the evolving risks and challenges in risk prevention [1][2]. Group 1: Current Situation and Challenges - Recent factors have led to a resurgence in virtual currency speculation and related illegal activities, posing new challenges for risk prevention [2]. - The rise of stablecoins and the use of social media for promoting foreign virtual currency exchanges have increased the complexity of monitoring and regulation [2][3]. - Criminal activities have shifted from issuing new virtual currencies to utilizing stablecoins and real-world asset projects, complicating enforcement efforts [3]. Group 2: Regulatory Stance - The meeting reiterated that virtual currencies do not hold the same legal status as fiat currencies and should not circulate as money, categorizing related activities as illegal financial operations [4]. - The Chinese government maintains a clear stance against virtual asset trading, with regulations targeting foreign exchanges providing services to domestic residents [5]. Group 3: Future Actions - The meeting called for continued adherence to prohibitive policies on virtual currencies, emphasizing the importance of risk prevention as a permanent theme in financial work [5]. - Enhanced collaboration among regulatory bodies is necessary to improve monitoring capabilities and protect public financial security [5].

Core Viewpoint - The People's Bank of China (PBOC) is intensifying efforts to combat virtual currency trading speculation, emphasizing the need for coordinated action among various government departments to address the rising risks associated with virtual currencies [1][5][6]. Group 1: Meeting Overview - A coordination meeting was held on November 28, 2023, involving multiple government agencies to discuss the crackdown on virtual currency trading speculation [1]. - The meeting highlighted the achievements made in curbing virtual currency trading and the need for ongoing vigilance due to recent increases in speculative activities [5][6]. Group 2: Regulatory Framework - The PBOC reiterated that virtual currencies do not hold the same legal status as fiat currencies and should not be circulated as money in the market [6]. - The meeting emphasized that activities related to virtual currencies are considered illegal financial activities, with stablecoins posing risks related to money laundering and fraud [6]. Group 3: Future Actions - The PBOC plans to continue enforcing a prohibition on virtual currencies and enhance collaboration among regulatory bodies to improve monitoring and enforcement capabilities [6][7]. - The PBOC will also keep a close watch on the development of stablecoins internationally, reflecting a cautious stance from global financial organizations [7].

宏观动态 打击虚拟货币交易炒作工作协调机制会议召开 11月28日，中国人民银行召开打击虚拟货币交易炒作工作协调机制会议。会议指出，近期，受多种因素 影响，虚拟货币投机炒作有所抬头，相关违法犯罪活动时有发生，风险防控面临新形势、新挑战。会议 强调，虚拟货币不具有与法定货币等同的法律地位，不具有法偿性，不应且不能作为货币在市场上流通 使用，虚拟货币相关业务活动属于非法金融活动。稳定币是虚拟货币的一种形式，目前无法有效满足客 户身份识别、反洗钱等方面的要求，存在被用于洗钱、集资诈骗、违规跨境转移资金等非法活动的风 险。 国家航天局设立商业航天司，持续推动商业航天高质量发展 据国家航天局11月29日消息，该局已于近期设立商业航天司，相关业务正在逐步开展，标志着我国商业 航天产业迎来专职监管机构，未来将持续推动我国商业航天高质量发展，产业链有望全线受益。近年 来，我国商业航天在政策牵引、技术突破与市场驱动下，以全产业链协同创新，完成了历史性的跨越。 国家航天局相关负责人介绍，当前我国商业航天企业数量超600家，在确保安全的前提下逐步释放商业 航天发展潜力。 取款超5万不再需要登记 据央视新闻报道，11月28日，人民银行 ...

打击虚拟货币交易炒作工作协调机制会议召开 会议要求，各单位要坚持以习近平新时代中国特色社会主义思想为指导，全面落实党的二十大和二十届 历次全会精神，把防控风险作为金融工作的永恒主题，继续坚持对虚拟货币的禁止性政策，持续打击虚 拟货币相关非法金融活动。各单位要深化协同配合，完善监管政策和法律依据，聚焦信息流、资金流等 重点环节，加强信息共享，进一步提升监测能力，严厉打击违法犯罪活动，保护人民群众财产安全，维 护经济金融秩序稳定。 来源：中国人民银行官网 （文章来源：上海证券报） 会议指出，近年来各单位认真贯彻落实党中央、国务院决策部署，按照2021年中国人民银行等十部门联 合发布的《关于进一步防范和处置虚拟货币交易炒作风险的通知》要求，坚决打击虚拟货币交易炒作， 整顿虚拟货币乱象，取得明显成效。近期，受多种因素影响，虚拟货币投机炒作有所抬头，相关违法犯 罪活动时有发生，风险防控面临新形势、新挑战。 会议强调，虚拟货币不具有与法定货币等同的法律地位，不具有法偿性，不应且不能作为货币在市场上 流通使用，虚拟货币相关业务活动属于非法金融活动。稳定币是虚拟货币的一种形式，目前无法有效满 足客户身份识别、反洗钱等方面的要 ...

★ 宏观动态 ★ 打击虚拟货币交易炒作工作协调机制会议召开 11月28日，中国人民银行召开打击虚拟货币交易炒作工作协调机制会议。会议指出，近期，受多种因素影响， 虚拟货币投机炒作有所抬头，相关违法犯罪活动时有发生，风险防控面临新形势、新挑战。会议强调，虚拟货 币不具有与法定货币等同的法律地位，不具有法偿性，不应且不能作为货币在市场上流通使用，虚拟货币相关 业务活动属于非法金融活动。稳定币是虚拟货币的一种形式，目前无法有效满足客户身份识别、反洗钱等方面 的要求，存在被用于洗钱、集资诈骗、违规跨境转移资金等非法活动的风险。 国家航天局设立商业航天司，持续推动商业航天高质量发展 据国家航天局11月29日消息，该局已于近期设立商业航天司，相关业务正在逐步开展，标志着我国商业航天产 业迎来专职监管机构，未来将持续推动我国商业航天高质量发展，产业链有望全线受益。近年来，我国商业航 天在政策牵引、技术突破与市场驱动下，以全产业链协同创新，完成了历史性的跨越。国家航天局相关负责人 介绍，当前我国商业航天企业数量超600家，在确保安全的前提下逐步释放商业航天发展潜力。 取款超5万不再需要登记 据央视新闻报道，11月28日，人民 ...

Domestic News - The State Council's Safety Committee has initiated a major fire risk inspection and rectification action for high-rise buildings, focusing on residential buildings undergoing exterior renovations and internal modifications [1] - The People's Bank of China held a meeting emphasizing that virtual currencies do not have the same legal status as fiat currencies and should not circulate in the market, categorizing related activities as illegal financial activities [1] - The establishment of a Commercial Space Administration by the National Space Administration marks a significant step in promoting high-quality development in China's commercial space industry, with a plan for 2025-2027 to integrate commercial space into the national space development framework [3] International News - Approximately 6,000 Airbus A320 aircraft are facing emergency groundings due to a software issue that makes them susceptible to strong solar radiation [6] - The French government announced a €300 million funding initiative for 15 new strategic research projects aimed at enhancing France's scientific and technological capabilities in key areas [6]

（原标题：打击虚拟货币交易炒作！央行，重要会议！） 打击虚拟货币交易炒作工作协调机制会议召开。 2025年11月28日，中国人民银行召开打击虚拟货币交易炒作工作协调机制会议。公安部、中央网信办、 中央金融办、最高人民法院、最高人民检察院、国家发展改革委、工业和信息化部、司法部、中国人民 银行、国家市场监管总局、国家金融监管总局、中国证监会、国家外汇局有关负责同志出席会议。 会议指出，近年来各单位认真贯彻落实党中央、国务院决策部署，按照2021年中国人民银行等十部门联 合发布的《关于进一步防范和处置虚拟货币交易炒作风险的通知》要求，坚决打击虚拟货币交易炒作， 整顿虚拟货币乱象，取得明显成效。近期，受多种因素影响，虚拟货币投机炒作有所抬头，相关违法犯 罪活动时有发生，风险防控面临新形势、新挑战。 会议要求，各单位要坚持以习近平新时代中国特色社会主义思想为指导，全面落实党的二十大和二十届 历次全会精神，把防控风险作为金融工作的永恒主题，继续坚持对虚拟货币的禁止性政策，持续打击虚 拟货币相关非法金融活动。各单位要深化协同配合，完善监管政策和法律依据，聚焦信息流、资金流等 重点环节，加强信息共享，进一步提升监测能力，严 ...

按照会议要求，央行表示，把防控风险作为金融工作的永恒主题，继续坚持对虚拟货币的禁止性政策， 持续打击虚拟货币相关非法金融活动。各单位要深化协同配合，完善监管政策和法律依据，聚焦信息 流、资金流等重点环节，加强信息共享，进一步提升监测能力，严厉打击违法犯罪活动，保护人民群众 财产安全，维护经济金融秩序稳定。 参会机构还包括，公安部、中央网信办、中央金融办、最高人民法院、最高人民检察院、国家发展改革 委、工业和信息化部、司法部、中国人民银行、国家市场监管总局、国家金融监管总局、中国证监会、 国家外汇局有关负责同志出席。 编辑：冯樱子 央行会议表示，按照2021年中国人民银行等十部门联合发布的《关于进一步防范和处置虚拟货币交易炒 作风险的通知》要求，坚决打击虚拟货币交易炒作，整顿虚拟货币乱象，取得明显成效。 值得注意的是，央行会议指出，近期，受多种因素影响，虚拟货币投机炒作有所抬头，相关违法犯罪活 动时有发生，风险防控面临新形势、新挑战。 央行会议强调，虚拟货币不具有与法定货币等同的法律地位，不具有法偿性，不应且不能作为货币在市 场上流通使用，虚拟货币相关业务活动属于非法金融活动。稳定币是虚拟货币的一种形式，目前无 ...