Du Zhaocai, former deputy director of the State Sports General Administration, was sentenced to 14 years' imprisonment and fined 4 million yuan. On December 13, 2024, Wuhan Intermediate People's Court of Hubei Province publicly pronounced the bribery case of Du Zhaocai, former party member and deputy director of the State Sports General Administration and former party secretary and vice chairman of the Chinese Football Association, and sentenced the defendant Du Zhaocai to 14 years' imprisonment and fined 4 million yuan. The property and fruits of his crime shall be recovered according to law and turned over to the state treasury. It was found through trial that from 2012 to 2022, the defendant Du Zhaocai took advantage of his position as Party Secretary and Director of the Athletics Management Center of the State Sports General Administration, Vice Chairman and Secretary General of the Chinese Athletics Association, member of the Party Committee of the State Sports General Administration, assistant to the director, deputy director, and Party Secretary and Vice Chairman of the Chinese Football Association to provide assistance to relevant units and individuals in matters such as event hosting, personnel arrangement, player transfer, etc., and illegally accepted other people's property totaling RMB 4,341. (CCTV News)Gao Xiuying, the former deputy general manager of CITIC Daika Co., Ltd., was "double-opened". After investigation, Gao Xiuying, as a leading cadre of party member, a state-owned enterprise, abandoned his initial mission and deliberately opposed organizational review, taking the lead in breaking the discipline and breaking the law, seriously polluting the political ecology of his unit; Ignoring the spirit of the eight central regulations, illegally accepting gifts, banquets and travel arrangements; Violation of organizational principles, failure to report personal matters truthfully, running away from official positions, and making profits for relatives and friends in employee recruitment and job transfer; There is no bottom line for honesty, illegally holding shares of non-listed companies, and wantonly engaging in illegal business operations abroad to obtain huge profits; Failing to report and submit working materials to the superior unit as required; Moral corruption, violation of life discipline. Rely on enterprises to eat enterprises, harm the public and enrich the private interests, use their powers to ask for property from subordinates, illegally operate the same business of the enterprises they serve, and seek huge illegal interests.Spot gold fell below $2,680 per ounce, down 1.38% in the day. COMEX gold futures fell 2.00% in the day and are now reported at $2701.50 per ounce.
Market News: It is reported that Morgan Stanley will buy a mortgage loan from Santander Bank, worth about 900 million euros.The International (Xiong 'an) Robot Industry Alliance was formally established. On December 12th, it was learned from the 2024 xiong'an new area Intelligent Robot Industry Development Conference held in xiong'an new area, Hebei Province that the International (Xiong 'an) Robot Industry Alliance and Xiong 'an Robot Innovation and Technology Research Institute were formally established. "As an important representative of the future industry, the intelligent robot industry is in a critical period of rapid development. The establishment of the International (Xiong 'an) Robot Industry Alliance will strongly promote the development of Xiong 'an robot industry, and the establishment of Xiong 'an Robot Innovation Technology Research Institute will provide strong technical support for the sustainable development of intelligent robot industry, marking a solid step in technology research and development and innovation of xiong'an new area robot industry. " Zhang Qin, former vice chairman of China Association for Science and Technology, said. (xinhuanet)Director of the International Energy Agency (IEA): Geothermal energy is suitable for providing a large amount of stable energy for data centers. The IEA said on Friday that shale drilling technology, which has led to a sharp increase in oil and gas production, has also stimulated the development of geothermal energy. In theory, geothermal energy can provide a stable power source equivalent to the total demand of India and the United States. Fatih Birol, director of the International Energy Agency, said after the agency released its first report on geothermal energy that geothermal energy is suitable for providing a large amount of stable energy for data centers. Birol said: "One of the demands for geothermal energy is the demand for electricity in data centers. The demand for data centers in the United States is great, and they need all-weather electricity, which makes geothermal very suitable. " Birol said that unlike renewable energy such as wind energy and solar energy, geothermal energy can be a sustainable energy source, but it is still in its infancy and needs a lot of investment and support from the government. The incoming Trump administration said it would promote more oil and gas drilling and hoped to reduce the green energy plan, but Birol saw no reason not to increase the use of geothermal energy. According to the data of the International Energy Agency, by 2050, the global geothermal heating may increase to 800 GW, accounting for 15% of the global demand growth, and the annual output is equivalent to the current total demand of the United States and India. According to the report of the International Energy Agency, global investment will exceed $1 trillion by 2035 and $2.8 trillion by 2050, of which about 75% will be invested in power generation facilities.
Market News: Lotte Chemical will suspend the Johor plant to reduce losses.HKEx: HSBC repurchased 527,200 shares for HK$ 39.4 million on December 12.Institutions: The prospect of sanctions has caused supply concerns, and oil prices are bound to record an increase in Zhou Du and an increase in Zhou Du. The prospect of more severe sanctions on Russian and Iranian countries has caused market concerns about supply disruption. US Treasury Secretary Yellen said that the United States is looking for ways to curb Russia's income, and Trump's national security candidate vowed to put the greatest pressure on Iran. These two factors boosted the benchmark oil price by 3% to 4% this week. In addition, political turmoil in the Middle East and other factors have also provided support for oil prices. However, the International Energy Agency (IEA) said yesterday that the global market will still face oversupply next year.
Strategy guide 12-14
Strategy guide 12-14
Strategy guide