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One of the "Six Little Dragons of Hangzhou," Yunshenchu, has started IPO counseling.

One of the "Six Little Dragons of Hangzhou," Yunshenchu, has started IPO counseling.

The securitization process of the “Six Little Dragons of Hangzhou” is accelerating. On December 23, Hangzhou Yunshenchu Technology Co., Ltd. (“Yunshenchu”), one of the “Six Little Dragons of Hangzhou”, submitted IPO counseling materials to the securities regulatory bureau. The counseling institution is CITIC Securities. CITIC Securities plans to complete the

Up 371% on Monday, down 59% on Tuesday! This "space concept" new stock grabs all the attention, operating the world's only commercial supersonic fleet.

Up 371% on Monday, down 59% on Tuesday! This "space concept" new stock grabs all the attention, operating the world's only commercial supersonic fleet.

``` Commercial aerospace is becoming a focal point of competition in the capital market. An aerospace company named Starfighters Space attracted market-wide attention with its astonishing share price fluctuations in its first week of listing. On Monday, December 22, Starfighters Space (FJET) surged as much as 371%, closing at $31.50.

The paradox of the "scaling laws" for large models: The stronger RL (reinforcement learning) becomes, the further AGI (artificial general intelligence) seems?

The paradox of the "scaling laws" for large models: The stronger RL (reinforcement learning) becomes, the further AGI (artificial general intelligence) seems?

In the race towards Artificial General Intelligence (AGI), the currently most sought-after path—Reinforcement Learning (RL)—may be leading us astray. The stronger RL becomes, the further we may actually be from true AGI. On December 24, renowned tech blogger and Dwarkesh Podcast host Dwarkesh Patel released a thought-provoking video,

Precious metals are soaring! Gold at 4500, platinum at 2300, silver at 72—all reaching record highs.

Precious metals are soaring! Gold at 4500, platinum at 2300, silver at 72—all reaching record highs.

Precious metals are still accelerating wildly. Driven by geopolitical risks, ongoing global supply shortages, and strong investment demand, the prices of gold, silver, and platinum have once again surged to all-time highs. The spot price of gold has broken above $4,500 per ounce for the first time in history,

"A Eats Hong Kong" model reemerges: ENN Natural Gas plans to sprint for Hong Kong listing via "privatization + introduction listing"

"A Eats Hong Kong" model reemerges: ENN Natural Gas plans to sprint for Hong Kong listing via "privatization + introduction listing"

``` Recently, China's leading A-share gas company, ENN Group (600803.SH), submitted its listing application to the Hong Kong Stock Exchange. Unlike many other companies, ENN Group's Hong Kong listing is not for fundraising; its core purpose is to privatize its already Hong Kong-listed subsidiary, ENN Energy

Year-end sprint at major quantitative firms

Year-end sprint at major quantitative firms

``` At the end of the year, the asset management market often most easily reveals the true industry logic. When the volatility of indexes comes to a temporary pause, investors start to tally their returns, distribution channels begin to sprint for scale, and fund managers make arrangements for next year'

Japan's finance minister repeatedly emphasizes "discretion," hinting that the US supports intervention in the yen and does not want to see a collapse in Japanese government bonds?

Japan's finance minister repeatedly emphasizes "discretion," hinting that the US supports intervention in the yen and does not want to see a collapse in Japanese government bonds?

Japanese authorities are raising their verbal warnings about the yen's depreciation to unprecedented levels. Finance Minister Katayama Satsuki repeatedly emphasized that Japan has “discretionary power” (free hand) to take “bold actions” against exchange rate fluctuations that deviate from fundamentals. The market has interpreted these tough statements as signs