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Zheshang Securities: A-shares may benefit from the rising style of risk appetite, which is more inclined to small-cap growth. Zheshang Securities Research Report pointed out that the current inflation level is in the early stage of bottoming out, and there is a lot of flexibility for the recovery of effective demand. It is expected that monetary policy will still have a total easing space such as RRR cuts and interest rate cuts. In terms of large-scale assets, A-shares may benefit from rising risk appetite, and their styles are more inclined to small-cap growth, and the valuation of technology stocks may be relatively flexible. It is recommended to pay attention to high-elastic sectors such as GEM, Kechuang 50 and Beizheng 50. In the field of fixed income, the current risk-free interest rate level has gradually approached the new equilibrium level. It is expected that the yield of the next 10-year government bonds will generally fluctuate, and the long-term interest rate is less likely to have upward risks. The credit spread is expected to narrow, and the urban investment bonds in the qualified areas will sink in a short period of time or the main allocation direction.Galaxy Securities: Looking ahead, A-shares are expected to fluctuate upward. china galaxy Securities said that since September 24th, domestic policies have been intensively introduced. The convening of the Politburo meeting of the Chinese Communist Party on December 9 pointed out the important direction for economic work in 2025, and at the same time released a more positive and promising policy signal, and then focused on the statement of the Central Economic Work Conference. With the accelerated implementation of the stock policy and the introduction of a package of incremental policies, the economic fundamentals are expected to show a gradual improvement trend. The policy expectation of "stabilizing the property market and stock market" will help boost investors' confidence and protect the long-term healthy development of the A-share market. Looking forward to the market outlook, A shares are expected to fluctuate upwards.Huatai Securities: The statement of the Politburo meeting on macro-policies generally exceeded market expectations. Huatai Securities said in reading the research report of the Politburo meeting in December that, on the whole, the statement of the Politburo meeting on macro-policies generally exceeded market expectations, and the stocks and debts all gave positive responses. The subsequent central bank RRR cut is expected to land soon, which is expected to form a certain emotional resonance. The next focus is on the more specific economic deployment of the Central Economic Work Conference for next year. Compared with the expected guidance, the market pays more attention to the actual scale, especially whether there are clearer signals in finance, inflation and exchange rate, and whether the broad credit can actually come. As far as debt is concerned, the short-term market inertia is still there, and the downward trend of interest rates has not wavered. However, the market quickly responded to the mid-term "good" and overdrawn the market next year. It is suggested to enhance operational flexibility, maintain long-term interest rate positions, stop chasing up, cash in when it is favorable to prevent profit impulse, and continue to seize opportunities such as credit bonds for 3-5 years.

A new cold air comes with rain and snow to cool down, and the chill in the north aggravates the humidity and coldness in the south. Today (December 10th), a new strong cold air comes, and most parts of China will experience obvious cooling. The number of areas in the north that are below freezing point all day is increasing, and the chill is aggravated. The highest temperature in many places in the south will drop to single digits, accompanied by rainy, wet and cold feeling. At the same time, the range of rain and snow in China is still relatively wide today. The snowfall in the north will gradually decrease tomorrow and the rain in the south will continue and will gradually press south.Wuliangye Group signed a memorandum of cooperation with Gan Lu Wine Group of Chile, and on December 5th, Wuliangye Group signed a memorandum of cooperation with Gan Lu Wine Group of Chile. Chile Gan Lu Wine Group is the largest wine production group in South America, with its brand footprints in Chile, Argentina and the United States, and its sales covering 147 countries and regions around the world. This signing indicates that Wuliangye and Gan Lu Wine Group of Chile have further established a long-term and stable partnership.Many countries have issued travel warnings to South Korea. "Is it safe to travel to South Korea?" On the 9th, travelnoire, a platform focusing on African tourists, raised such a question. According to the report, the recent political events in South Korea have cast a shadow over this popular tourist destination. In fact, as the emergency martial law storm in South Korea continues to ferment, many countries have issued travel warnings to South Korea. South Korea's "Asian Economy" reported on the 9th that the political and social uncertainty in South Korea has further intensified, and the inbound tourism market in South Korea, which has just resumed after the epidemic, is once again facing severe challenges. South Korea's New Zealand News Agency reported that due to the increasing political uncertainty in South Korea, many countries have issued travel warnings to South Korea.

Sharp's share price once rose by 5.2%, and KDDI will acquire SAKAI website.The introduction of detailed measures for the supervision of centralized drug consumables emphasizes the priority of using the selected products. Recently, the Notice of the National Health and Health Committee of the National Medical Insurance Bureau on Improving the Working Mechanism of Centralized Drug Purchasing and Implementation put forward detailed measures to strengthen the supervision of the admission, use, monitoring and assessment of centralized drug consumables. The local authorities are required to conduct investigations from the third month after centralized procurement, and urge medical institutions to give priority to the use of selected products and rationally manage the use of non-selected drugs. Emphasis is placed on the dynamic monitoring of the online price and purchase volume of centralized varieties, and institutions that fail to complete the agreed purchase volume will be regarded as unqualified. It is required to improve the provincial consultation mechanism for centralized procurement, ensure stable supply, and at the same time promote comprehensive supervision in coordination, curb unhealthy practices, and promote the priority use of selected drugs and consumables. (Official WeChat official account of the National Medical Insurance Bureau)Japan's Minister of Economic Regeneration Ryosuka Akazawa: Steady progress is being made in overcoming deflation.