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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)Canadian Prime Minister Trudeau: The Bank of Canada's interest rate cut of 50 basis points is a correct step towards reducing the cost of living for Canadians.The yield of Italian 10-year government bonds fell to the lowest level since mid-August 2022, at 3.162%.

Dow opened up 0.2%, S&P 500 rose 0.5%, Nasdaq rose 0.7%, Macy's fell 10.8%, and lowered its profit forecast for fiscal year. Walgreen fell 3.5%, or "sold herself" to private equity firm Sycamore. Broadcom rose 4.4% and cooperated with Apple to develop AI chips. The number of houses fell by 8.1%, and it is planned to raise $7 million through additional issuance.U.S. Department of Justice: An insider of Dominion Bank was arrested for assisting in money laundering.Macy's opened down 11%, the biggest drop since August 21st. On the news, the company lowered its profit forecast.

Macy's opened down 11%, the biggest drop since August 21st. On the news, the company lowered its profit forecast.Market news: EU ambassadors have temporarily agreed to impose the 15th round of sanctions on Russia.The S&P 500 index opened up 0.5%, while the Nasdaq 100 index rose 0.9%.