The first batch of L3 autonomous driving permits has been granted, marking a new era of 'commercial application' for China's driverless technology.

The Ministry of Industry and Information Technology (MIIT) has issued the first batch of L3 autonomous driving permits, allowing Changan Automobile and BAIC's Arcfox to conduct commercial pilot operations on designated roads. This marks the official transition of China's autonomous driving from the testing phase into a new cycle characterized by deliverability, operability, and accountability. The establishment of liability definitions and regulatory frameworks paves the way for the large-scale commercialization of L3 technology, unlocking realistic pathways for industrial chain development and the scaling of Robotaxi services.

wallstreetcnDec 15 21:17

Individual gold trading is accelerating its exit, as ICBC will shut down the Shanghai Gold Exchange's precious metals trading function for 'three-nothing' clients. CCB and Everbright Bank have already taken actions this year.

① This afternoon, ICBC announced on its official website that, starting from December 19, 2025, it will terminate the relevant business functions for 'three-no' customers in its agency service for individual precious metals trading on the Shanghai Gold Exchange (SGE), urging clients with remaining account balances to withdraw their funds promptly. ② This adjustment represents an accelerated wind-down of existing business and will have a limited impact on clients. Recently, similar business adjustments have been made by Everbright Bank and China Construction Bank.

cls.cnDec 15 19:58

Meituan announced the suspension of its "Group Good Deals" feature, after years of attempting to channel food delivery traffic into e-commerce.

①The core dilemma of Meituan's group-buying platform lies in the misalignment of user mindset. Users on the Meituan platform are highly accustomed to scenarios driven by immediate needs, such as ordering food or purchasing medicine, while planned shopping behavior, which is essential for courier-based e-commerce, presents a natural gap from this user mindset. ②In 2024, the scale of China’s instant retail market reached RMB 781 billion, representing a year-on-year growth of 20.15%, far exceeding the overall growth rate of online retail. It is projected to surpass the trillion-yuan mark by 2026.

cls.cnDec 15 14:48

Morgan Stanley's Heavyweight Robotics Almanac: AI Moves Toward Physical Embodiment, Robots Experience 'Cambrian Explosion,' with China Showing Clear Leadership

Morgan Stanley predicts that by 2050, global robot hardware sales will surge from approximately USD 100 billion in 2025 to USD 25 trillion, with unit sales increasing from 24 million to 1.4 billion. China demonstrates a clear leading advantage, particularly in terms of policy support, control over key materials, and manufacturing capabilities. By 2050, China is expected to account for approximately 26% of global robot sales.

wallstreetcnDec 15 14:12

Three government departments have issued guidelines on 'financial promotion of consumption,' with multiple banks and local regulators making significant efforts; one joint-stock bank has already disbursed over 800 billion yuan in consumer loans this year.

① At present, multiple banks are actively responding to the central government's call, continuously increasing the issuance of personal fire safety loans. Financial regulatory authorities in various regions are also consistently guiding financial institutions to focus on promoting consumption through financial means. ② Retail banking operations represented by personal consumer loans have always been the cornerstone business for banks. It is anticipated that the scale of individual loans will continue to experience steady growth in the future.

cls.cnDec 15 13:28

Express News | Public offering non-cash self-purchase amount nearing 10 billion yuan year-to-date, with 19 firms exceeding 100 million yuan.

BreakingsDec 15 11:42