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Wang Tao, UBS: It is expected that the Central Economic Work Conference will focus on the short-term policy package. Recently, the market highly expects the Central Economic Work Conference to guide the high-quality economic development of China next year. Wang Tao, head of Asian economic research at UBS and chief China economist, said: "I expect that the Central Economic Work Conference may focus on the short-term policy package in 2025 and 2026, but it will also emphasize accelerating some reform measures already outlined at the Third Plenary Session." Wang Tao believes that the next important reform measures may include providing better protection and access for the private economy, deepening the reform of state-owned enterprises to improve efficiency and governance, promoting household registration reform to improve the welfare of migrant workers, strengthening the social security network, and carrying out fiscal and taxation reforms to solve local fiscal revenue problems. "I think structural, deeper and faster reforms will be very important, not only to attract foreign investment, but also to boost domestic confidence." (China Daily)Wuxi factory was completed last year, and Yakult in Shanghai was closed this year: The Shanghai factory has been integrated into the Shanghai headquarters. Recently, the news that Yakult, a lactic acid bacteria brand, closed its Shanghai factory attracted attention. It is reported that the Shanghai factory producing Yakult, a lactic acid bacteria beverage, stopped production on December 6, and the production will be fully transferred to other domestic bases such as Tianjin factory and Wuxi factory. In this regard, Yakult China said that the Shanghai factory has been integrated into the Shanghai headquarters, and the closure of the Shanghai factory is part of the business reform, with the aim of improving production efficiency through restructuring and integrating resource allocation to further improve sales and performance. (21 Finance)Runyang's Jianhu 16GW N high-efficiency solar cell base resumed production. According to Runyang's WeChat WeChat official account news, on December 9, Runyang's Jianhu 16GW N high-efficiency solar cell base officially resumed production, which is another advanced solar cell base of Runyang in China since it resumed production in Qujing, Yunnan in October this year. It is reported that Runyang Jianhu production base is the largest single N-type battery production base in China at present, which has achieved full coverage of intelligent production and has an annual production capacity of 16GW of solar cells, and is committed to becoming one of the largest and most technologically advanced high-efficiency photovoltaic cell production bases in the world.

South Korea's Minister of Planning and Finance, Choe Sang-mu, told Congress that the downside risks facing the economy are increasing.An increase of 91.3%! In the first 11 months, there were more than 33.1 million people entering and leaving Shanghai port. Since last year, China has successively introduced or resumed various visa-free policies, and the level of entry and exit facilitation has been continuously improved. From January to November this year, Shanghai Border Inspection Station inspected 247,000 inbound and outbound means of transport at Shanghai Port, and inspected more than 33.1 million passengers, up 43.6% and 91.3% respectively over the same period last year. (CCTV News)Ice and snow tourism concept stocks strengthened in the short-term, with Inpais trading daily, Yuanlongyatu and Longjiang traffic rising.

Allan Monks, an economist in JPMorgan Chase: The Bank of England's signal about gradually cutting interest rates has been very strong recently, suggesting that the possibility of cutting interest rates next week is very low. However, if the signs of the accelerated weakening of the labor market continue, it will force the Bank of England's Monetary Policy Committee to deviate from this information.Jundingda: The opening ceremony of the Mexican subsidiary was held in late November, which will not have a significant impact on the company's revenue for the time being. Jundingda (301538) said in an institutional investigation on December 10 that the Mexican subsidiary had held its opening ceremony in late November 2024, and some downstream customers still need to complete on-site certification and audit. The operating area of the subsidiary is about 6,000 square meters, which will not have a significant impact on the company's operating income for the time being. In the future, the company will explore the feasibility of setting up foreign factories, sales offices and warehouses covering other overseas regions, such as Europe and Southeast Asia, according to the needs of downstream customers.Hong Kong stocks continued to fall in the afternoon, and the Hang Seng Science and Technology Index fell by 1%, which once rose by more than 1%. The Hang Seng Index fell 0.5%.