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Guotai Junan expects Hong Kong stocks to fluctuate upward in an N-shaped pattern next year to explore domestic demand and improve investment opportunities. Chen Ximiao, chief analyst of Guotai Junan's overseas strategy, said that looking forward to 2025, the disturbance factors in the Hong Kong stock market from the external environment will continue, and the pace of interest rate cuts by the Federal Reserve under overseas inflation, policy restrictions in areas such as strong US dollar and tariffs, and game friction among big countries will continue. However, the domestic policy thinking is clear, economic expectations are expected to stabilize under the financial impetus, and the profitability of molecular enterprises will improve, and the industrial chain will be able to cope with it. She said that in 2025, the sensitivity of the Hong Kong stock market to external shocks is expected to decline, and more attention should be paid to returning to its own logic. For the trend of Hong Kong stocks in 2025, it is expected to be dominated by the upward pattern of N-shaped shocks, and there are many opportunities for flexibility during the stage. In 2025, we should still actively look for the structure, and focus on the barbell strategy to shift the weight of the two ends. We need to pay more attention to the configuration rhythm and pay attention to the repair opportunities of some domestic products.The opening rate of Maotai in 1935 increased, and today's wholesale reference price rose slightly. The latest wholesale reference price disclosed by today's wine price shows that on December 11th, Maotai reported 690 yuan/bottle in 1935, and Han sauce (Pu) reported 295 yuan/bottle, which were higher than the previous day by 5 yuan; In 24 years, the original box and bulk bottle of Feitian Maotai were reported at 2270 yuan/bottle and 2215 yuan/bottle respectively, which was the same as the previous day.The Taiwan Affairs Office of the State Council introduced the situation of the 2024 Shanghai-Taipei Twin Cities Forum. The Taiwan Affairs Office held a regular press conference. Spokesperson Zhu Fenglian said that it is understood that the 2024 Shanghai-Taipei Urban Forum will be held in Taipei on December 17, and Shanghai will send a delegation to Taiwan to attend the forum. With the theme of "Smart Governance for a Sustainable Future", the forum will promote the interactive exchanges between the two cities in terms of friendly transportation, river governance and humanistic cities. During the forum, the two cities will also sign a memorandum on exchanges and cooperation. We hope the forum will be successful.

Korean media: Yin Xiyue began to contact defense lawyers and prepare to form a legal team. With the investigation of the alleged "civil strife crime" in the implementation of emergency martial law by the Korean investigation authorities, President Yin Xiyue has been banned from leaving the country. According to Korean media reports, Yin Xiyue has started to contact defense lawyers and prepare to form a legal team. According to South Korea's "National Daily" reported on the 10th, Yin Xiyue was recently discussing with a law firm in Seocho-ku, Seoul to take over the defense of the crime of civil strife. According to the report, officials around Yin Xiyue have handed over the case to a number of law firms, some of which are considering whether to accept the case, while others are said to have rejected it.Dongxing Securities: The demand for food and beverage will pick up. Dongxing Securities Research Report pointed out that with the implementation of a series of policies such as expanding domestic demand and stabilizing investment, consumption will gradually stabilize and recover, and the demand for food and beverage will also pick up. In particular, catering consumption will recover with the economic recovery. It is expected that the upstream and downstream consumption of catering will improve, and the overall demand of liquor, condiments, beer and other industries is gradually recovering. Especially in the condiment industry, it is speculated that the whole industry is in destocking after the Mid-Autumn Festival. With the arrival of consumption in the peak season of New Year's Day and Spring Festival, the stocking period in the peak season is expected to start, and it is expected that mainstream condiment enterprises will achieve steady growth in the fourth quarter. At present, the overall valuation of the industry is lower than the historical average valuation, and there is room for repair. Continue to pay attention to liquor, snack food and condiments in the pro-cyclical sector of the food and beverage industry.South Korea's investigation department: The civil unrest emissary can be arrested urgently. On the morning of December 11th, local time, Wu Dongyun, director of the Crime Investigation Department of South Korea's senior public officials, said in an inquiry about the state of "emergency martial law" in the South Korean National Assembly that according to Korean law, the civil unrest emissary can be arrested urgently. On the same day, the South Korean police seized and searched the South Korean Presidential Palace in Longshan District, Seoul. (CCTV News)

Huaneng International and others set up a new energy company in Nanjing. According to Tianyancha App, Huaneng (Nanjing Jiangning) New Energy Co., Ltd. was established on December 9, with the legal representative of Wang Changbin and the registered capital of 164 million RMB. Its business scope includes power generation business, power transmission business, power supply (distribution) business, construction project supervision, wind power generation technical service, energy storage technical service, solar power generation technical service, and investment activities with its own funds. The company is jointly owned by Huaneng International Power Jiangsu Energy Development Co., Ltd. and Sino-Singapore Green Investment Private Co., Ltd. under Huaneng International (600011).South Korea's National Assembly launched the power of investigation of state affairs to investigate martial law incidents. South Korea's National Assembly Speaker Yu Yuanzhi announced today (December 11) that it will launch the power of investigation of state affairs to investigate emergency martial law incidents. (CCTV International News)The semiconductor concept oscillated higher and Broadcom integrated daily limit, and the semiconductor concept oscillated higher and Broadcom integrated daily limit. Hengxuan Technology, Purran, Shanghai Beiling, Tailingwei and Dongxin shares rose more than 5%.