December 8, 2025, Monday, Lunar Calendar October 19

60 Seconds Morning Reading

1. Latest Data: The credit card market continues to shrink, with a cumulative decrease of 100 million cards over three years; the number of debit cards is steadily increasing, with transaction volume rising over 12% month-on-month;

2. The Securities Regulatory Commission has introduced new regulations to strictly manage listed companies: establish audit committees to prevent fraud, new rules for dividends and delisting, and increased investor protection;

3. It is reported that the price of the eighth generation Wuliangye has dropped to 900 yuan/bottle, and the company responded: the factory price remains at 1019 yuan/bottle, and the so-called price reduction is a change after subsidies;

4. In November, China's foreign exchange reserves increased by 0.09%, reaching a new high in nearly 10 years; gold reserves increased by 30,000 ounces month-on-month, marking the 13th consecutive month of accumulation;

5. Taiwan media: Xiaohongshu has risen to the number one download in Taiwan's app store, with a large number of users who have never used it before also coming to download it; the APP is still operational;

6. The Liaoning aircraft carrier group faced repeated disturbances from Japanese aircraft during normal training in the high seas, and the People's Navy responded: sternly requesting the Japanese side to strictly restrain frontline actions;

7. The Japanese side claims that Chinese naval aircraft have “illuminated” Japanese Self-Defense Force fighters with radar, and the Ministry of Foreign Affairs responded: rejecting the so-called negotiations from the Japanese side, which has been refuted on the spot, and has proposed counter-negotiations;

8. British media revealed: In the recent China-Japan dispute, Japan felt frustrated and panicked due to not receiving public support from Washington's senior officials;

9. Foreign media: India's largest airline has canceled thousands of flights, leaving a large number of passengers stranded at airports; a fire at a nightclub in India resulted in 23 deaths, and Modi expressed deep sorrow;

10. Foreign media: Musk angrily criticized the EU's 120 million euro fine, publicly calling for the abolition of the EU and returning sovereignty to member states, to which the Polish foreign minister angrily retorted: Go to Mars;

11. American media: Over 65 cities in the United States held protests against military actions in Venezuela; Trump signed an executive order to investigate anti-competitive practices by foreign food companies;

12. Russian media: Russia claims to be ready to welcome an unlimited number of Indian skilled workers to address domestic labor shortages; hundreds of Porsches in Russia suddenly faced "locking" and power outages, experts speculate it may have been caused by satellite interference;

【Daily Quote】The gap between people is not opened overnight, but is formed over many nights of accumulation.

Source: Xinjingbao, The Paper, People's Daily, Tencent News, Xinhua News, Global Times, etc.