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Fosun Travel responded to privatization: a transitional measure focusing on the light asset model. Following the change of CEO, Fosun Tourism Culture Group (hereinafter referred to as "Fosun Travel") started the privatization process again. On December 11th, in response to Fosun Travel's plan to privatize and delist Hong Kong stocks, Fosun Travel responded that this privatization proposal is based on the decision made by the company's long-term development, and the company will pay more attention to the transition of light asset model. After the privatization is completed, Fosun Travel will continue to maintain the normal operation of its existing business. Nowadays, for Fosun Travel, it can be said that it has reached a "crossroads" of transformation. Some experts in the industry have analyzed that at this time of privatization, Fosun Travel may have transformation needs, and the current low valuation of Hong Kong stocks will allow enterprises to maintain their stock prices at more cost. In fact, in recent years, some tourism enterprises have been privatized and delisted, but when making privatization decisions, they still have to weigh the pros and cons. (beijing business today)The Dow Jones Internet Composite Index reported 1159.70, up 0.85%.French caretaker government proposed a "special law" to prevent the lockout. French caretaker government spokesman Maud Bregeon said on the 11th that the caretaker cabinet meeting held that day proposed a draft "special law" on the 2025 budget to prevent the government from falling into lockout due to funding problems, and the draft will be submitted to Parliament for deliberation next week. Bregeon said that the meeting of the day was presided over by President Macron, and the draft "special law" was designed to ensure that the government could continue to operate in the event of the temporary absence of the 2025 budget. (Xinhua News Agency)

Bank of Canada: Wage growth shows signs of slowing down, but wage growth related to productivity is still at a high level.The Nasdaq rose to 1%, while the S&P 500 index rose 0.58% and the Dow rose 0.1%.The yield of Italian 10-year government bonds fell to the lowest level since mid-August 2022, at 3.162%.

Duoduo (DUO.P) fell by 8.1%, and it is planned to raise $7 million through additional issuance.The price of natural gas futures in the United States continued to rise, with an increase of 5%.The power company said that Nigeria suffered a nationwide power outage due to power grid failure.