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The three major stock indexes opened lower, with the Shanghai Composite Index down 0.01%, the Shenzhen Component Index down 0.02% and the Growth Enterprise Market down 0.19%.Agency: It is expected that the shipment of folding smartphones will continue to decline in 2025. According to the latest report of Counterpoint Research, the year-on-year shipment of folding smartphone displays declined for the first time in the third quarter of 2024, and it is expected that the shipment in 2025 will also continue to decline. The agency expects Apple to enter the market in the second half of 2026. In addition, more multi-fold products are expected to be launched in 2026, and the first slidable notebook computer is expected to be available in 2025.South Korea's ruling party leader: Impeachment is the only way to suspend the president. Han Dongxun, leader of South Korea's ruling National Power Party, said on the 12th that President Yin Xiyue has no intention of stepping down early, and impeachment is the only way to suspend the president. According to South Korean media reports, Han Dongxun held an emergency press conference that morning to show his position in favor of impeaching the president. He also said that Yin Xiyue should be immediately excluded from the operation of state affairs such as the commander-in-chief of the army and should immediately stop his functions and powers. Han Dongxun announced the abolition of his previous plan of "orderly advancing the president to step down" and said that he would "vote according to his own beliefs and conscience" at the next vote. (Xinhua News Agency)

The main fuel oil contract rose by more than 3%, and it is now reported at 3158 yuan/ton.Shaanxi Construction Co., Ltd. and others set up a new company in Altay, Xinjiang. The enterprise search APP shows that Altay Construction Engineering Co., Ltd. was established recently, with Li Shibing as the legal representative and a registered capital of 40 million yuan. Its business scope includes: construction project construction; Construction professional work; Construction of cultural relics protection project; Building intelligent system design, etc. Enterprise investigation shows that the company is jointly held by Shaanxi Construction Co., Ltd..Jiangxi-Guangdong Expressway: Contemporary Amperex Technology Co., Limited Jiangxi Zero-carbon Ecological Development Department visited the company to explore new technologies for the construction of "Meilu Expressway". Recently, Qiao Pengfei, general manager of Jiangxi Zero-carbon Ecological Development Department of Contemporary Amperex Technology Co., Limited, and his party visited Jiangxi-Guangdong Expressway to discuss the construction of "Meilu Expressway". Han Feng, Party Secretary and Chairman of Jiangxi-Guangdong Expressway, and Liang Zhiai, member of the Party Committee, attended the discussion, and responsible comrades from relevant departments of both sides attended. Qiao Pengfei introduced Contemporary Amperex Technology Co., Limited's cutting-edge technologies and innovative solutions in the field of low-carbon and zero-carbon, especially its achievements and practical experience in new energy. He said that Contemporary Amperex Technology Co., Limited is committed to providing customized zero-carbon solutions for different industries, and the expressway scene contains huge potential for energy conservation and emission reduction. He hoped that both sides could jointly explore new technologies and new ideas for the construction of "Meilong Expressway" and contribute to the green and low-carbon development of the transportation industry.

Li He, former vice chairman of Kunming CPPCC in Yunnan Province, was expelled from the Party membership and public office. According to the news from the Supervision Committee of Yunnan Provincial Commission for Discipline Inspection, with the approval of Yunnan Provincial Committee, the Supervision Committee of Yunnan Provincial Commission for Discipline Inspection conducted a case review investigation on Li He, former vice chairman of Kunming CPPCC. After investigation, Li Hehe, as a leading cadre in party member, had no sense of discipline and lost the principle of party spirit, and opposed organizational review by collusion and forgery of evidence. Ignoring the spirit of the eight central regulations, illegally accepting gifts, gifts and consumption cards, illegally accepting travel activities, and illegally organizing weddings to collect money; Cronyism in the selection and appointment of cadres; Pay the fees that should be paid by myself to others; Violation of regulations and intervention in administrative law enforcement activities; Taking advantage of his position to seek benefits for others in contracting projects and allocating project funds, and illegally accepting huge amounts of property. Li Hehe seriously violated the party's political discipline, the spirit of the eight central regulations, organizational discipline, integrity discipline, and work discipline, which constituted a duty violation and was suspected of accepting bribes. After the 18th, 19th, and even 20th National Congress of the Party, he still did not converge, stopped, and had a serious nature and bad influence, which should be dealt with seriously. According to the Regulations on Disciplinary Actions in the Communist Party of China (CPC), the Supervision Law of People's Republic of China (PRC), the Law on Administrative Actions of Public Officials in People's Republic of China (PRC) and other relevant regulations, after being studied at the meeting of the Standing Committee of the Yunnan Provincial Commission for Discipline Inspection and reported to the Yunnan Provincial Party Committee for approval, Li He was decided to be expelled from the Party. The Yunnan Provincial Supervision Commission gave him the punishment of dismissal from public office; Collect their illegal income; The suspected crime was transferred to the procuratorate for review and prosecution according to law, and the property involved was transferred together.Treasury futures collectively opened higher, with 30-year main contracts up 0.21%, 30-year main contracts up 0.21%, 10-year main contracts up 0.09%, 5-year main contracts up 0.03% and 2-year main contracts up 0.01%.Agency: It is expected that the folding smartphone market will continue to decline in 2025. Counterpoint Research, a market research organization, issued a document saying that the year-on-year shipments of folding smartphone displays declined for the first time in the third quarter of 2024, and it is expected that the shipments in 2025 will also continue to decline.