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Dongfang Jincheng: In 2025, the policy interest rate cut may reach 0.5 percentage points. the Political Bureau of the Communist Party of China (CPC) Central Committee held a meeting on December 9 to analyze and study the economic work in 2025. Dongfang Jincheng judges that in 2025, the central bank will continue to implement vigorous interest rate cuts and RRR cuts, among which the policy rate cuts may reach 0.5 percentage points, which is significantly higher than the rate cut of 0.3 percentage points this year, and the interest rates of various structural monetary policy instruments will also be lowered in a timely manner, thus guiding the financing costs of enterprises and residents to go down. It is not ruled out that in 2025, it is possible to continue to implement a large-scale targeted interest rate cut on residential mortgages by greatly guiding the downward trend of LPR quotations for more than five years. (The Paper)US stocks of Interpublic Group rose nearly 16% before the market, and Omnicom once fell more than 5%. Omnicom, a large advertising and public relations company, will acquire Interpublic Group by way of stock exchange.COMEX silver rose by 3.00% in the day and is now quoted at $32.54 per ounce.

UAE Foreign Ministry official: Pay close attention to the development of the situation in Syria; Emphasize the importance of safeguarding Syrian unity and protecting its national institutions.Ziguang shares: Ziguang special account has reduced its holdings of 28.5 million shares, and Ziguang shares (000938.SZ) issued an announcement. As of December 9, 2024, Ziguang Group Co., Ltd.' s special account for property disposal of bankrupt enterprises (hereinafter referred to as "Ziguang special account") has reduced its holdings of 28.5 million shares through centralized bidding, accounting for 0.9965% of the company's total share capital, and the reduction price range is 2474 yuan/share. The reduction plan has been implemented.The largest artificial intelligence supercomputing center in Hong Kong was opened, and the largest artificial intelligence supercomputing center in Hong Kong was officially put into service on the 9th, providing computing support for local universities, R&D institutions and enterprises, and helping the construction of Hong Kong International Innovation Center. Sun Dong, Director of the Innovation, Technology and Industry Bureau of the Hong Kong SAR Government, said at the opening ceremony held at the Cyberport that artificial intelligence is a key technology to develop new quality productivity and has great potential. In the face of this wave of science and technology, Hong Kong should keep pace with the times, actively deploy and seize the opportunities of artificial intelligence development. Supercomputing Center will not only provide advanced computing power to promote industrial development, but also become the cradle of cultivating talents related to artificial intelligence and inject new impetus into the high-quality development of Hong Kong's economy.

Huaxi Securities Interpretation of the Political Bureau Meeting in December: The policy strength showed an upward trend. The Huaxi Securities Research Report pointed out that the release signal of this meeting was positive. Judging from the significant strength of Hong Kong stocks and A50 futures, the content of the meeting greatly exceeded previous market expectations. There are mainly the following aspects: First, the policy tone is more positive. "Strengthening unconventional countercyclical adjustment", which is used to describe countercyclical adjustment for the first time, reflects the upward trend of policy strength. The policy of this year's two sessions is expressed as "strengthening countercyclical and cross-cyclical adjustment of macro policies", the Politburo meeting in July "strengthening countercyclical adjustment" and the Politburo meeting in September "strengthening countercyclical adjustment". From the point of view of change, it gradually turns to counter-cycle instead of cross-cycle, and the intensity is constantly upgrading. Create a follow-up policy for the market that may continue to be introduced until the economy stabilizes and rebounds. At the same time, the meeting did not mention "coordinating the expansion of domestic demand and deepening the structural reform of the supply side", but directly mentioned the expansion of domestic demand, which is also a manifestation of facing the problem more directly and attaching importance to the demand side. Second, as far as finance and money are concerned, this meeting mentioned "implementing a more active fiscal policy and a moderately loose monetary policy", and the modifier "more" was added in front of the active fiscal policy. A similar expression was found in the Politburo meeting in April 2020, "The active fiscal policy should be more active and promising", and then in May, the two sessions formulated a large-scale fiscal combination boxing (deficit ratio 3.6%+, 3.75 trillion new special debts and 1 trillion special national debts). The third is to stabilize the property market and write the stock market into the 2025 goal. The fourth is to pay attention to consumption. The meeting mentioned "vigorously boosting consumption, improving investment efficiency and expanding domestic demand in all directions". It is expected that the policy of promoting consumption will make a breakthrough in scale and direction. Fifth, the meeting also mentioned science and technology (to lead the development of new quality productive forces with scientific and technological innovation and build a modern industrial system), green (to jointly promote carbon reduction, pollution reduction and green growth, and accelerate the overall green transformation of economic and social development) and foreign trade. Emphasizing science and technology, it is clear that the direction of future policy is in the industrial direction led by science and technology. At the same time, for green, because next year is the last year of the 14 th Five-Year Plan, emission reduction and other targets need to be completed. In terms of foreign trade and foreign investment, the meeting mentioned that "it is necessary to expand high-level opening to the outside world and stabilize foreign trade and foreign investment".German Interior Minister: Further assessment of the protection status of recognized Syrian refugees living in Germany depends on the developments in Syria.About 40% of South Korea's stock prices hit a new low in the year, and the exchange rate of the won against the US dollar fell for four consecutive trading days. Today is the first trading day after the abolition of the impeachment motion of the South Korean President. Due to political instability, the financial market in South Korea fluctuated violently today. The Korea Composite Stock Index closed at 2360.58 points, down 2.78% from the previous trading day, and closed down for four consecutive trading days. Statistics show that about 40% of the stocks listed on South Korea's main board and Growth Enterprise Market today hit a new low this year. In addition, the exchange rate of the Korean won has also dropped simultaneously today. At the close, the exchange rate of the Korean won against the US dollar was 1,437 won to the US dollar, and the closing price hit the lowest value in more than two years for four consecutive trading days. (CCTV Finance)