At 8:00, here are the latest news: No longer need to register for withdrawals exceeding 50,000 yuan; The heir of Hermès was defrauded of all his property by a financial management friend of 25 years; Luo Yonghao said that a major event will be officially announced on Monday.

Today's Hot News Guide

The production at the Zhongshan Canon printer factory has ceased. Currently, the factory is settling its relationships with employees and suppliers.

The first batch of frozen durians imported from Indonesia has arrived in China. It is estimated that the price will be 40 to 50 yuan per catty.

The box office of the movie "Zootopia+" has exceeded 1.7 billion yuan.

The number of visitors to Shanghai Legoland has exceeded one million. In the future, the second - phase expansion will be launched.

Under Armour's sales have declined for eight consecutive quarters, and its market value has evaporated by 140 billion yuan in ten years.

Top 3 Big News

Withdrawals of over 50,000 yuan no longer require registration: Simplified measures will be taken for low - risk situations.

On the 28th, three departments jointly issued the "Administrative Measures for Customer Due Diligence, Preservation of Customer Identity Information and Transaction Records by Financial Institutions". Among them, the regulation that "individuals need to register the source of funds when depositing or withdrawing cash of over 50,000 yuan" has been cancelled, which is consistent with the previous draft for soliciting opinions. According to the new rule, when making a withdrawal, the bank will no longer ask everyone in a one - size - fits - all manner, but will decide whether to "ask a few more questions" based on the risk situation: when there is a relatively high risk of money - laundering, the bank will "strengthen the investigation" to understand the source and use of the funds; for low - risk situations, simplified measures will be taken. (CCTV News)

Hermès Heir Swindled Out of All His Wealth by 25-Year Financial Management Friend

Nicolas Puech, the fifth-generation heir of Hermès, recently publicly accused that his Hermès shares worth about $15 billion have "vanished", and Eric Fremond, the wealth manager he had trusted for 25 years, was the mastermind behind the "scheming". This summer, shortly after being questioned by the French judicial authorities, Fremond was hit and killed by a train in the Swiss Alps. The local police initially ruled it a suicide. His death may make the whereabouts of Puech's $15 billion fortune an unsolved mystery forever.

Recently, a source revealed that Puech has run out of money. On a recent trip to London, this once-largest individual shareholder of Hermès now took a flight on the low-cost airline EasyJet and sat in a middle seat. The outside world has called this high-society mystery, intertwined with family feuds, financial transactions, relationship orientations, betrayal, and death, "one of the most confusing and epic financial sagas of this century." (Red Star News)

Luo Yonghao said that a major event will be officially announced on Monday, and the time to release the recording depends on his mood

On November 29th, Luo Yonghao responded during a live broadcast that the recording with Hua Shan hadn't been made public yet. "Anyway, the company has something to officially announce. We'll have a major event officially announced on Monday. After that, as for when to release the recording, it'll be released on a day when I'm in a good mood. I don't mean it in a bad way. It's because we have something important to do on Monday, and we don't want this quarrel to distract us. We'll see how things go on Tuesday and Wednesday."

Luo Yonghao said, "Anyway, I'll release it on a day when I'm free. There's nothing special about releasing it. You think there'll be some big scoop, but there isn't. He just swore at me at that time, and then I warned him. Didn't he come crawling back the next morning? Then he came over and apologized and admitted his mistakes. Then he said how much business he'd lost. Actually, he was just standing up for Boss Jia. He said he'd taken so much money from him and had to show his loyalty. But it really wasn't aimed at us. Then he said he was very sorry. There's no big scoop. It's just embarrassing. But I don't know why. After he said that, he started sneering at me again. If you're so scared and come to apologize the next morning, why did you start swearing at me again after a while when things settled down for Boss Jia? I don't know what's going on. But anyway, I'll release it so you'll know that this guy is two - faced and has no integrity. I don't know what he's up to." (Cover News)

Large Companies/Major Events

Long - term large - denomination certificates of deposit are in short supply, and some people are "transferring CDs"

Reporters' inquiries found that currently, in the apps of many large - scale banks, five - year large - denomination certificates of deposit are nowhere to be found, and products with a term of three years or more are also "out of stock". The interest rate level has dropped significantly compared with previous years, and there has even been a rare phenomenon of "inversion" with the highest interest rate of ordinary time deposits.

Behind this change is the banking industry's choice to actively control liability costs against the backdrop of continuous pressure on the net interest margin. As the expectation of falling market interest rates continues, the contraction of long - term, high - cost deposit products is a foregone conclusion. Meanwhile, an emerging market centered around "transferring CDs" has emerged. Some depositors are trying to "strike gold" from it to lock in relatively high interest rates, and intermediary institutions have also entered the market accordingly, forming a new industrial chain. (Yicai Daily)

Yingshi Hurricane Responds to Doubts about Windbreakers, Denies Cancer - Causing Claims

On November 30th, the account "Hurricane Store MediaStore" under Yingshi Hurricane released a video to respond to the doubts related to windbreakers. "Recently, an e - commerce clothing blogger, Mr. H (Xiaohan Ge), released multiple videos doubting our 25 models of three - in - one windbreakers, which sparked discussions. We hope to provide specific technical explanations for the corresponding doubts, clarify the situation for everyone, and refute the accusations of this blogger."

Yingshi Hurricane responded that this blogger doubted that our windbreakers had a cancer - causing risk. Our answer to this doubt is no. Because we have a complete test report that can be directly presented, from which it can be clearly seen that the so - called carcinogen PFOA he mentioned was not detected. And his so - called evidence is only this one picture, and he didn't provide a complete test report. Therefore, we also found the complete report of his submitted samples on the public disclosure channel. Although the submitted samples were marked as damaged and the submission process is unknown, it can still be seen that all the items passed the test. However, he cropped out all the entries and only showed this one item. Even so, it still meets the national standards for fluorine - free finishing of windbreakers. (Dumiao Finance)

Three main suspects in the "fake milk powder made from creamer and starch" case were sentenced to 15 years in prison

Recently, CCTV exposed the incident of "making fake milk powder with creamer and starch", which has attracted wide attention. These fake milk powders are a mixture of milk - flavored powder (non - dairy creamer), maltodextrin, and solid beverages. In fact, they are just starch with creamer added. The content of nutrients such as protein, fat, and calcium that milk powder should have is almost zero, but they are sold under the guise of "imported from abroad" on major e - commerce platforms. The sales areas cover almost every province in the country, and the amount involved in the case exceeds 6.5 million yuan.

On July 10, 2025, the People's Court of Zhongmou County sentenced the three main suspects who were prosecuted earlier. The three were sentenced to 15 years in prison and fined for the crime of producing and selling substandard products. More than a dozen other suspects involved in the case have also been transferred to the procuratorial organs for prosecution. (Cover News, Red Star News)

Store responds to coffee priced at 12,899 yuan per cup: Only 20 kilograms of the coffee beans are available globally

“A cup of hand - brewed coffee costs 12,899 yuan, and only 13 - 15 grams of beans are used per cup.” Recently, a netizen posted on the internet, revealing that a coffee shop in Shanghai's BFC Bund Financial Center has launched sky - high priced coffee, which has sparked heated discussions. The store staff introduced that the coffee uses the 2025 BOP (Best of Panama) champion coffee beans. There are only 20 kilograms of these beans available globally, and they are produced in the famous Hacienda La Esmeralda in Panama. Due to their scarcity, the price is relatively high. The store only uses the hand - brewing method to make this coffee. Each cup of coffee uses about 13 to 15 grams of coffee beans, and it is brewed strictly according to the ratio of 1 gram of coffee powder to 15 milliliters of water, resulting in a final product of about 200 milliliters. Despite the high price, the staff revealed that there are still regular customers placing orders to taste it every month. (Cover News)

The Zhongshan Canon printer factory has ceased production, and currently the factory is settling accounts with employees and suppliers

Multiple Zhongshan enterprises have confirmed to reporters that the Zhongshan Canon printer factory stopped production on November 21st. Employees have been given temporary leave until November 28th. Currently, the factory is settling accounts with employees and suppliers.

A supplier of Zhongshan Canon told reporters that the suspension of production at the Zhongshan Canon factory has little impact on local suppliers. The compensation plan for the factory's employees is expected to be announced later. Some senior executives are expected to return to work on Monday to handle the follow - up matters related to the factory's shutdown. (Yicai Global)

6,000 Aircraft Grounded Urgently Due to Solar Radiation, Some Dived in Autopilot Mode

On the evening of November 28th local time, European aircraft manufacturer Airbus announced that due to the discovery of a fatal software flaw related to solar radiation in its main - model A320 series aircraft, the company has urgently ordered approximately 6,000 aircraft worldwide to immediately undergo software upgrades or hardware replacements. This means that half of Airbus' global fleet of this series needs to be recalled. The European Union Aviation Safety Agency has also issued a directive, strictly prohibiting affected aircraft from carrying passengers until the faults are rectified.

It is reported that on October 30th, an A320 passenger plane of JetBlue Airways in the United States suddenly "went crazy" in autopilot mode while flying from Cancun, Mexico, to New Jersey, USA. The nose of the plane dived down, causing a sharp drop in altitude. This sudden, non - pilot - commanded movement led to chaos in the cabin, injuring at least 15 passengers. The plane finally made an emergency landing in Tampa, Florida.

After an investigation by Airbus, the culprit was traced back to solar radiation from space. According to the disclosed technical details, the problem lies in a key system of the A320 aircraft called "ELAC" (Elevator and Aileron Computer). This computer is like the brain that controls the plane to pitch up and down. The investigation found that during high - altitude flights, high - energy solar particles from space penetrated the atmosphere and hit the aircraft's memory chips, resulting in a "bit - flip" phenomenon in the computer data. That is, a "0" in the binary data was changed to a "1" by the radiation impact, or vice versa. (Red Star News)

Beyond Meat, the First Stock in the Artificial Meat Industry, Closes Its Tmall Flagship Store

Beyond Meat, known as the "first stock in the artificial meat industry" and having received investment from Bill Gates, which made a high - profile entry into the Chinese market, has quietly closed its flagship stores on major e - commerce platforms. As of November 29th, the "Beyond Meat Official Flagship Store" on Tmall can no longer be found. Previously, a notice on the store's homepage stated, "This store intends to voluntarily cease operations on November 27, 2025." Meanwhile, the flagship store on Pinduoduo can no longer be displayed normally, only showing a "server error."

In response, an artificial meat distributor told reporters that Beyond Meat's factory in Jiaxing, China, has stopped production. Currently, the products being sold are the previous inventory and those imported from the U.S. factory, including plant - based hamburger patties, meatballs, pasta sauce, and fried dumplings. (Jiupai News)

The first batch of frozen durians imported from Indonesia arrives in China, with an expected price of 40 to 50 yuan per catty

As the world's largest durian importer, the demand for high - quality durians in the Chinese market remains strong. On November 29, the first batch of frozen durians imported from Indonesia arrived in Fuzhou, Fujian, adding a new member to the list of durian import sources for China. It is understood that the market price of these frozen durians is expected to be between 40 and 50 yuan per catty.

In addition to direct sales, Indonesian frozen durians will also be used to develop deep - processed products such as durian pastries and ice creams. As the world's largest durian consumer, China has successively opened up the import access for frozen durians from Malaysia and fresh durians from countries such as Thailand and Vietnam. Customs data shows that in the first 10 months of this year, China imported 1.701 million tons of fresh durians, a year - on - year increase of 13.6%. (CCTV Finance)

The box office of the movie "Zootopia 2" has exceeded 1.9 billion yuan

According to data from the professional version of Dengta, as of 19:38 on November 30th, the box office of the movie "Zootopia 2" has exceeded 1.9 billion yuan. According to previous media reports, the total pre - sale box office of the movie "Zootopia 2" exceeded 310 million yuan, surpassing "Ne Zha: Rebirth of the Demon Child" and becoming the champion of pre - sale box office for animated films in Chinese film history. (Red Star News)

Shanghai Legoland's Visitor Count Exceeds One Million, Phase II Expansion to Be Launched in the Future

John Jakobsen, the Chief Strategy and Development Officer of Merlin Entertainments Group, revealed in an interview with reporters on November 29 that the cumulative number of visitors to Shanghai Legoland has exceeded one million, breaking the record for the fastest Legoland in the world to reach one million visitors. In the next few years, Shanghai Legoland will also launch a Phase II expansion project, and more new projects will be unveiled. It is reported that Shanghai Legoland covers an area of 318,000 square meters and is currently the largest Legoland in the world in terms of opening scale. (Yicai Global)

Microsoft Acknowledges New Win11 Bug: "Password Login Icon" on Lock Screen Disappears Strangely

Microsoft has acknowledged that on some Windows 11 devices, after installing the optional update (KB5064081) in August 2025 and subsequent patches, the "password login icon" on the lock screen will disappear strangely. The main affected group consists of Windows 11 25H2 and 24H2 users. When they wake up their computers and prepare to unlock them, they find that the "password login" option on the lock screen has vanished without a trace, leaving only other options such as PIN or fingerprint.

Although the login icon has visually disappeared, the login function itself is not damaged. Microsoft's technical team explained that this is not a breakdown of the system's core functions but a rendering error at the user interface (UI) level. (IT Home)

Under Armour's sales have declined for eight consecutive quarters, and its market value has shrunk by $140 billion in a decade

Under Armour has reached a critical juncture for transformation. In terms of performance, in the latest fiscal quarter ending in September, the company's revenue decreased by 4.7% year-on-year to $1.33 billion (approximately RMB 9.411 billion). Sales have declined for eight consecutive quarters. Specifically, revenues in the North America/EMEA (Europe, the Middle East, and Africa)/Asia-Pacific/Latin America regions decreased by 8.3%/increased by 12.2%/decreased by 13.7%/increased by 14.6% year-on-year to $790 million/$320 million/$180 million/$50 million respectively.

From the perspective of the capital market, as of November 28, 2025, Under Armour closed at $4.62 per share, with a total market value of $2 billion (approximately RMB 14.15 billion). At its peak in 2015, Under Armour's market value reached $22 billion (approximately RMB 155.67 billion). Its market value has shrunk by over $20 billion (approximately RMB 141.5 billion) in a decade. (21st Century Business Herald)

PBOC: A total of 6.35746 trillion yuan worth of various bonds were issued in the bond market in October

The People's Bank of China (PBOC) released the operation situation of the financial market for October 2025. In October, a total of 6.35746 trillion yuan worth of various bonds were issued in the bond market. Treasury bonds worth 1.16955 trillion yuan were issued, local government bonds worth 560.47 billion yuan were issued, financial bonds worth 801.08 billion yuan were issued, corporate credit bonds 1 worth 1.18362 trillion yuan were issued, credit asset - backed securities worth 34.34 billion yuan were issued, and inter - bank certificates of deposit worth 2.5649 trillion yuan were issued. (Securities Times)

The proportion of single - person households in South Korea exceeds 36% for the first time

According to the statistical data released by the Ministry of Health and Welfare of South Korea on November 30, the number of single - person households in South Korea has been continuously increasing, and the proportion of single - person households in the total number of households exceeded 36% for the first time last year.

The number of single - person households in South Korea reached 8.045 million, accounting for 36.1%. In 2015, this figure was 5.2 million (27.2%), and it increased to 6.64 million (31.7%) in 2020, and has continued to rise since then. Based on the current trend, the number of single - person households is expected to reach 8.55 million in 2027, 9.71 million in 2037, and approach 10 million (9.94 million) by 2042. (Jiemian News)

Spanish Pork Exports Hampered by African Swine Fever Cases

Spain's Ministry of Agriculture said on November 29 that due to the occurrence of African swine fever cases in the country, exports covered by about one-third of the country's pork export licenses were hampered. Reuters reported, citing the words of Spain's Minister of Agriculture, Fisheries and Food, Luis Planas, that out of the 400 licenses for exporting pork to 104 countries and regions, about one-third were affected, and the government "is working hard to resume exports as soon as possible." (Xinhua News Agency)

Going Public in Progress

Unitree Technology

The IPO counseling status of Unitree Technology Co., Ltd. was recently updated to "counseling work completed", which means that Unitree Technology has met the preconditions for IPO application. Previously, on November 14, 2025, Unitree Technology entered the counseling acceptance stage. The counseling institution is CITIC Securities Co., Ltd., the law firm is Beijing Deheng Law Offices, and the accounting firm is Rongcheng Certified Public Accountants. Public information shows that Unitree Technology is a world-renowned civilian robot company, focusing on the independent research, development, production, and sales of high-performance general-purpose legged/humanoid robots and dexterous robotic arms for consumer and industrial applications. It has been invited to participate in the 2021 Spring Festival Gala of CCTV, the opening ceremony of the 2022 Winter Olympics, the pre-game performance of the 2023 Super Bowl (the "American Spring Festival Gala"), the 2023 Hangzhou Asian Games and Asian Para Games, and the 2025 Spring Festival Gala of CCTV, and has been reported by authoritative media such as the CCTV News Broadcast many times. It is the world's first company to publicly retail high-performance quadruped robots and the earliest to achieve industrial implementation, with leading global sales over the years. (Sina.com)

Donpeng Beverage

On November 30, Donpeng Beverage (605499.SH) announced that the company has received the "Record-filing Notice for Overseas Issuance and Listing of Donpeng Beverage (Group) Co., Ltd." issued by the China Securities Regulatory Commission. The company plans to issue no more than 66,446,000 overseas-listed ordinary shares and list them on the Main Board of the Hong Kong Stock Exchange. The main contents of the record-filing notice include the number of shares the company plans to issue, requirements for reporting major events, reporting obligations after issuance and listing, the validity period of the record-filing, etc. The company's overseas issuance and listing this time still need to obtain the approval and verification of relevant regulatory authorities and stock exchanges, and there are uncertainties. (NBD.com)

The Forefront of AI

Micron to Invest $9.6 Billion in Western Japan to Produce AI Memory Chips

It is reported that Micron will invest $9.6 billion in western Japan to produce artificial intelligence memory chips. (Yicai Global)

Cool Products

The Design of iPhone 17e Is Revealed, and It May Debut in the First Half of Next Year

Recently, a blogger has drawn a rendering of the appearance of the iPhone 17e. The overall shape of the device is very similar to that of the single-camera iPhone 17. The new product will debut in the first half of next year, and it is the most cost-effective model in the iPhone 17 series.

According to reports, the iPhone 17e will adopt a 6.1-inch screen, which is the same model as that of the iPhone 16. The biggest change is that it will adopt the Dynamic Island design. In other words, the arrival of the iPhone 17e will completely end the era of the notch screen for Apple phones. However, since the iPhone 17e uses the same screen as the iPhone 16, this device still won't have a high refresh rate and will still only have 60Hz. (Kuaikeji)

Compiled | Yuting He