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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 cross-strait youth ice and snow festival will be held in Heilongjiang, and the Taiwan Affairs Office of the State Council will hold a regular press conference. Spokesperson Zhu Fenglian released an event news. From December 18th to 24th, the Youth Ice and Snow Festival on both sides of the Taiwan Strait will be held in Harbin, Heilongjiang Province and related cities. The theme of the Ice and Snow Festival is "Burning Ice and Walking Together". On December 19th, the launching ceremony, short video exhibition and award presentation of cross-strait youth will be held. During this period, a cross-strait youth exchange forum, the 9th Asian Winter Games venue tour, ice and snow experience, visits and exchanges will also be held. At present, Taiwan Province compatriots have signed up enthusiastically and participated enthusiastically. It is estimated that about 1,000 Taiwan compatriots, mainly young people from Taiwan Province, will participate in the Ice and Snow Festival. (Riyue Tan Tian) 

Fosun's tourism culture premium is about 95%. Privatization resumed on December 11, and Fosun's tourism culture (01992) was announced. The company's shares resumed trading at 9: 00 am on December 11, 2024. Fosun's tourism culture plan was privatized by agreement and its listing status was revoked. The board of directors proposed to buy back shares at a price of HK$ 7.80 per share, which was 95% higher than the closing price before suspension.JPMorgan Chase: The momentum of Xiaomi's electric vehicle will continue to be rated as "overweight". According to a research report published by JPMorgan Chase, Xiaomi Group announced that it will launch the second electric vehicle named Xiaomi Yuqi in the middle of next year, which is an SUV model. The product portfolio of electric vehicle business continues to expand, reflecting that the Group's ability to enter the electric vehicle market is better than market expectations. The delivery target of Xiaomi SU7, the first electric vehicle, has also been raised twice, and the gross profit margin of electric vehicle business has reached a medium-high level in the first two quarters, far exceeding the initial market expectation and only recorded a slight gross profit margin. Motong said that at present, we are waiting for the Group to announce more details about the new car's life, pricing and battery. We believe that the strong sales momentum of SU7, the profitability of the Group's core business and electric vehicle business, and the expectation that new models will be launched in the second half of next year will continue to promote the stock price in the next 6 to 12 months. The positive catalysts in the future include more details or pricing of YU7, further expansion of electric vehicle production capacity, exceeding expectations in core business performance, and large-scale and national consumption stimulus measures introduced by the country in the future.Full implementation is just around the corner, and personal pension products will be expanded. The reporter learned from the industry that the Ministry of Human Resources and Social Security will mobilize and deploy the full implementation of the personal pension system recently. The personal pension pilot will be fully liberalized in the near future, expanding from the original 36 pilot cities to the whole country, and it is expected to be fully implemented quickly. Personal pension fund products have also ushered in expansion, and some mature broad-based ETF-linked funds and broad-based index OTC products will add Y shares. At present, various fund companies are in full swing to prepare for the full liberalization of the individual pension pilot. (CSI Taurus)

Will the air ticket price in the United States rise in November? Goldman Sachs and Bank of America have their own opinions. Due to the rising cost of housing, insurance and medical services, the core inflation rate in the United States has remained high. Second-hand car prices may rise due to the rebound of auction prices, but economists are still divided on whether the increase in air ticket prices will become a reality. Goldman Sachs predicts that air ticket prices will increase by 1% month-on-month, reflecting a strong potential pricing trend. Bank of America, on the other hand, said, "We expect the air ticket price to drop by 1% month-on-month, which will change the contribution rate of core inflation from +3 basis points to -1 basis point. Due to the decline in air ticket prices, the monthly core inflation rate will drop to 0.2%, but the volatility of this category is still very large. "The concept of humanoid robot is active again and again. Wuzhou New Year, Hanyu Group have daily limit, while the concept of humanoid robot is active again and again. Wuzhou New Year, Hanyu Group, Astar, Fenda Technology have daily limit, and Keli Sensing and Tianyue Mathematics have followed up.Gan Xiaoming, former party member and vice chairman of Wuhan CPPCC in Hubei Province, was expelled from the Party membership and public office. According to the news from the Hubei Provincial Commission for Discipline Inspection, with the approval of the Hubei Provincial Committee, the Hubei Provincial Commission for Discipline Inspection recently filed a case review and investigation on the serious violation of discipline and law by Gan Xiaoming, former party member and vice chairman of Wuhan CPPCC. Gan Xiaoming seriously violated the party's political discipline, organizational discipline, integrity discipline and life discipline, constituted a serious duty violation and was suspected of accepting bribes, and did not converge or stop after the 18th National Congress of the Communist Party of China, which was serious in nature and had a bad influence and should be dealt with seriously. After being studied at the meeting of the Standing Committee of the Hubei Provincial Commission for Discipline Inspection and reported to the Hubei Provincial Party Committee for approval, it was decided to expel Gan Xiaoming from the party; He was dismissed from public office by the Hubei Provincial Supervision Commission; Terminate his qualification as a representative of the 14th Party Congress in Wuhan; Collect their illegal income; The suspected crime was transferred to the procuratorate for review and prosecution according to law, and the property involved was transferred together.