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Gao Ruidong, chief economist of Everbright Securities: The capital market is working harder to serve the new quality productivity. The Central Economic Work Conference was held in Beijing from December 11th to 12th. Gao Ruidong, chief economist and director of the research institute of Everbright Securities, said in an interview that the Central Economic Work Conference set the general tone of macro-control in 2025 and in the future, emphasizing that fiscal and monetary policies are more powerful, real estate policies are further strengthened, and capital markets are more energetic in serving new quality productivity. "The capital market will be more powerful in serving new quality productivity." Gao Ruidong said that on the one hand, improve the multi-level financial service system, expand patient capital, attract social capital to participate in venture capital, and cultivate innovative enterprises in a gradient; On the other hand, deepen the comprehensive reform of investment and financing in the capital market, explore and expand the macro-prudential and financial stability functions of the central bank, innovate financial instruments, stabilize the financial market, and better serve the development of new quality productive forces. (SSE)Before the US stock market: China ETF-Direxion fell by nearly 4% and Broadcom rose by about 14% when it was three times richer. Before the US stock market, China Stock Exchange fell by about 3% and Pinduoduo fell by about 1%. Broadcom rose by about 14%, the company's Q4 profit exceeded expectations, and AI revenue in the whole fiscal year doubled by 220%.Huatong Co., Ltd.: The sales revenue of live pigs in November was 410 million yuan. Huatong Co., Ltd. announced that in November 2024, the company sold 201,000 pigs, including 10,600 piglets. The sales revenue of live pigs reached 410 million yuan, an increase of 20.56% from the previous month. The average selling price of commercial pigs was 16.5 yuan/kg, down 4.07% from October. In addition, the number of chickens sold in November was 1,205,900, a decrease of 47.69% from the previous month and a year-on-year increase of 19.79%. Chicken sales revenue was 20,213,700 yuan, an increase of 23.65% from the previous month. Sales data are unaudited for investors' reference.

Pimco and Fidelity believe that the economic outlook in the euro zone is weak, and the European Central Bank has cut interest rates by more than market expectations. Investors such as Pimco and Fidelity International believe that the economic outlook in Europe is bleak, which may force policymakers to cut interest rates by more than market expectations. The latest market pricing shows that the European Central Bank is expected to cut its key interest rate to 1.75% next year. The bank cut interest rates for the third time in a row on Thursday, to 3%. However, Fidelity said that the borrowing cost may be further reduced to 1.5%, and Pimco also believed that there was a risk of a larger interest rate cut. Further repricing may aggravate the rise of European bonds, which have outperformed the US and UK bond markets in 2024. A Bloomberg index, which tracks the return of euro bonds, has risen by more than 3% this year, while the corresponding indexes of US bonds and British bonds have risen by 2% and fallen by 2% respectively. "Market expectations are still more hawkish than we expected," said Salman Ahmed, global head of macro and strategic asset allocation at Fidelity. "If downside risks become a reality, then the European Central Bank may cut interest rates further."Borui Medicine: Carboprost injection is planned to win the bid for the national centralized drug procurement. Borui Medicine announced that in the tenth batch of national centralized drug procurement in which Borui Pharmaceutical, a wholly-owned subsidiary, participated, carboprost tromethamine injection is planned to win the bid. This product is mainly used for 13-20 weeks pregnant abortion and postpartum hemorrhage. The specification is 1 ml: 250μ g, and the proposed bid price is 16.96 yuan/piece. In the first year, the agreed purchase base is 220,400 pieces, which are mainly supplied to Henan, Hubei, Guangxi, Shaanxi, Gansu, Ningxia and other provinces. If the contract is finally selected and signed, it will help the product to quickly open the domestic market and enhance the market share and brand influence of the company. The product obtained the drug registration certificate in March 2024, and has not yet generated sales revenue.The screening of the 6th Hainan Island International Film Festival-Spanish Film Week was successfully held. From December 4th to 14th, the screening of the 6th Hainan Island International Film Festival-Spanish Film Week, co-sponsored by the Central Radio and Television General Station and the Hainan Provincial People's Government, came to a successful conclusion. Eighteen excellent Spanish films with rich themes and different styles, such as The Ghost of Beehive, The Confusion of Pink Flamingo and Parting Party, were held in Haikou and Haikou. (CCTV News)

Galaxy Entertainment: Lv Yaodong was appointed as the chairman of the board of directors. On December 13, Galaxy Entertainment announced on the Hong Kong Stock Exchange that Lv Yaodong, the executive director of Yinhe Entertainment, was appointed as the vice chairman of the board of directors since February 1997 and is now appointed as the chairman of the board of directors, which will take effect on December 13, 2024.Twenty-five pilot banks in Shenzhen have opened a total of 64,000 cross-border wealth management accounts. The reporter was informed that by the end of November 2024, 25 pilot banks in Shenzhen had opened a total of 64,000 cross-border wealth management accounts, with a total amount of cross-border receipts and payments of 42.74 billion yuan, accounting for 48.1% and 44.2% of Guangdong-Hong Kong-Macao Greater Bay Area respectively.Singapore Straits Times Index closed at 3,810.35.