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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.The field turnover of the 20th Changsha International Auto Show exceeded 5 billion yuan, and the 20th China (Changsha) International Automobile Expo (referred to as "Changsha International Auto Show") closed on December 9th. According to the latest data released by the organizing Committee on the 10th, the on-site turnover was 21,810 units, with the on-site turnover reaching 5.029 billion yuan. (China News Network)The possibility of closing the factory cannot be ruled out because the employers and employees of Volkswagen failed to reach an agreement in the fourth round of collective bargaining. On December 9, local time, audi ag and trade union representatives held the fourth round of collective bargaining on closing the factory and salary. The two sides still failed to reach an agreement, but described the meeting as "constructive". The collective bargaining was held in Wolfsburg on the afternoon of the 9th and lasted for eight hours. Arne Maiswon Kerr, the chief negotiator of Volkswagen, said that the negotiations were "constructive", but he also said that "there is still a long way to go to reach a feasible solution" and "we still cannot rule out the possibility of closing the factory". Tollsten Grog, the chief negotiator of the German Metal Industry Union, recognized the "constructive atmosphere" of the talks, but said that the positions of the two sides were still "far apart". It is reported that the two sides plan to continue collective negotiations from December 16th to 17th. Audi ag and the trade union failed to reach an agreement in the previous three rounds of negotiations.

Personal pension products are about to expand greatly, and the debt base, index and active equity funds that meet the standards can all issue Y shares. It is learned from many public offerings that the Y shares of personal pension funds are about to expand greatly. The types of funds that can set up Y shares will be expanded from pension FOF to bond funds, index funds, active equity funds and other types. Some insiders said that fund companies do not need to report specific products that want to issue Y shares, and the Ministry of Human Resources and Social Security will uniformly announce the standards (scale, rate, performance, etc.) that can be included in the expansion, and products that meet the standards will naturally be included in the alternative pool. "The first step is to open bond funds, the second step is index funds, and the third step is active equity funds." Many insiders confirmed, but the specific expansion rules will be announced by the CSRC and the Ministry of Human Resources and Social Security. "It is expected this week." (Interface News)In the afternoon, the downward trend of spot bond interest rate expanded, and the downward trend of spot bond interest rate expanded. The yield of 10-year treasury bonds was 5.25bp to 1.8525%, the yield of ultra-long-term treasury bonds was 4.25bp to 2.0675%, and the yield of 10-year CDB bonds was 5bp to 1.92%.Kegong: It was Bashar al-Assad's personal decision to stop being the Syrian head of state. On December 10th, local time, Russian Presidential Press Secretary peskov said that it was Bashar al-Assad's personal decision to stop being the Syrian head of state, and the rest would not comment. On the status quo of Russian military bases in Syria and Russia's influence in the Middle East, peskov said that Russia will continue to engage in dialogue with all countries in the Middle East. (CCTV News)

"China-Shanghai Bonded Fuel Oil Ship for Quotation" was selected as one of the "Top Ten Cases of the Second Pudong Green Finance Development". Recently, at the "Shanghai Green Finance Development and Pudong New Area Innovation Promotion Conference" held by the Financial Office of Pudong New Area Committee, the case of "China-Shanghai Bonded Fuel Oil Ship for Quotation" (hereinafter referred to as Shanghai Quotation) jointly issued by Shanghai Futures Exchange (hereinafter referred to as the last issue) and Shanghai Petroleum and Natural Gas Trading Center was successfully selected as one of the "Top Ten Cases of the Second Pudong Green Finance Development". (Published in the last issue)Beihai Park responded to the ban on commercial shooting. Recently, many netizens posted on social platforms that they saw a number of "No Commercial Shooting" signs in popular attractions such as Beihai Park in Beijing, with complaint telephone numbers attached to them. In this regard, many netizens expressed their support, arguing that the increasing number of commercial shooting has seriously affected the tourist experience. On the 10th, an upstream journalist consulted Beihai Park as a tourist. A staff member said that Beihai Park had a "heavy hammer" this time. If it encounters a commercial auction, you can contact the staff at any time through the complaint phone. Jingshan Park staff also said that they have always prohibited commercial filming in the park and have the right to stop it without reporting. Related posts show that many netizens found a signboard in Beihai Park with the words "No Commercial Shooting" and the words "Share a civilized garden and resist soliciting merchants to shoot". The small print below reads: "This area is a photo area for tourists and the masses, and unauthorized commercial photography, shooting and live broadcast are prohibited. According to Article 46 of the Beijing Parks Regulations, it is forbidden for tourists to affect the park capacity and the order of sightseeing. " Two complaint telephone numbers were attached to the notice. In addition, some netizens exposed the bulletin board of Jingshan Park, which read "No commercial filming disturbing the order" and also attached a complaint phone number. (Upstream News)Beihai Park responded to the ban on commercial shooting. Recently, many netizens posted on social platforms that they saw a number of "No Commercial Shooting" signs in popular attractions such as Beihai Park in Beijing, with complaint telephone numbers attached to them. In this regard, many netizens expressed their support, arguing that the increasing number of commercial shooting has seriously affected the tourist experience. On the 10th, an upstream journalist consulted Beihai Park as a tourist. A staff member said that Beihai Park had a "heavy hammer" this time. If it encounters a commercial auction, you can contact the staff at any time through the complaint phone. Jingshan Park staff also said that they have always prohibited commercial filming in the park and have the right to stop it without reporting. Related posts show that many netizens found a signboard in Beihai Park with the words "No Commercial Shooting" and the words "Share a civilized garden and resist soliciting merchants to shoot". The small print below reads: "This area is a photo area for tourists and the masses, and unauthorized commercial photography, shooting and live broadcast are prohibited. According to Article 46 of the Beijing Parks Regulations, it is forbidden for tourists to affect the park capacity and the order of sightseeing. " Two complaint telephone numbers were attached to the notice. In addition, some netizens exposed the bulletin board of Jingshan Park, which read "No commercial filming disturbing the order" and also attached a complaint phone number. (Upstream News)