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Citic Lyon: We are optimistic about the cross-border capital flow and IPO recovery of the Hong Kong Stock Exchange, but we should pay attention to the fluctuation of H shares of Chinese brokers. Citic Lyon issued a report saying that we are optimistic about the cross-border capital flow and IPO recovery of the Hong Kong Stock Exchange (00388.HK), and noted that china galaxy (06881.HK) is highly sensitive to the transaction costs of A-share securities. Citic Lyon expects that the A-share trading volume will remain stable in 2025 with the support of favorable liquidity, ETF growth and structural shift of household balance sheets to financial assets, but the bank reminds investors to pay attention to the recent excessive fluctuation risk of H-share brokers.CMA completed the 100th simultaneous operation filling in Shanghai Yangshan Port. The reporter learned from CMA on December 10th that CMA successfully completed the 100th simultaneous operation filling in Shanghai Yangshan Port Terminal recently. Since the signing of liquefied natural gas (LNG) filling agreement with Shanghai Port in 2022, this milestone achievement indicates that CMA has taken a solid step in promoting green shipping and strengthening international cooperation. (SSE)The Hang Seng Science and Technology Index fell, having previously risen by more than 4%; The increase of Hang Seng Index narrowed to 0.4%, after rising by more than 3%.

Turkey initiated the sunset review investigation of safeguard measures for Iranian float glass. According to China Trade Relief Information Network, on December 7, the Turkish Ministry of Trade issued Announcement No.2024/10, saying that the third sunset review investigation of safeguard measures was initiated for float glass originating in Iran at the request of domestic Turkish manufacturers; At the same time, it is suggested to levy a temporary safeguard measure tax of USD 36/ton on the products involved for 200 days from December 12, 2024, and the implementation of the measures shall be subject to the relevant tax collection order of the President of Turkey. The Turkish tax codes of the products involved are 70.04, 70.05 and 70.06. The final ruling will be made within nine months, except for another extension (up to six months). The announcement shall take effect as of the date of promulgation.Anjing Food: There is fierce competition in some categories this year, but the hot pot materials and prepared dishes performed well. Anjing Food said in a recent survey that some categories such as pasta were fiercely competitive this year, but the hot pot materials and prepared dishes performed well. At present, the expenditure is shrinking, which is consistent with the economic environment. At the same time, we will continue to increase the promotion of locked fresh clothes and sausages, especially sausages, which will increase the market share by selecting customers to put them in the roaster.Xinhai Technology: The application and development exchange day for computing peripheral chips will be held soon to introduce "the ecological strategy and product layout for computing peripheral chips in Xinhai". Xinhai Technology announced today that on December 20th, Xinhai Technology will hold the 2024 application and development technology exchange day for computing peripheral chips. Among them, technical experts from Intel, Jida Technology, Qining and Xinhai Technology gathered together to bring in-depth interpretation of the latest research and development achievements and technical trends of computing peripheral chips. In addition, according to the agenda, it will introduce the "Core Sea Computing Peripheral Ecological Strategy and Product Layout".

Market News: The Director of Russian Intelligence Agency said that Russia is close to achieving all its goals in Ukraine and has the strategic initiative on all fronts.Minister of Trade and Industry of Malaysia: ZTE will invest 45.2 million US dollars to establish two innovation centers in Malaysia. Malaysian Minister of Investment, Trade and Industry Zavrl said that ZTE plans to invest 200 million ringgit (45.2 million US dollars) to establish two innovation centers, and introduce its latest 5G technology to Malaysia through cooperation with local operators. ZTE Malaysia is also building a regional center of excellence to support its global business. Zavrl said that 95% of ZTE's 5G equipment uses Malaysian chips.Huatai Securities: The target price of Yum! China was raised to HK$ 472.48, and the "Buy" rating was maintained.