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Market News: Australia and Nauru have reached an $89 million security and economic treaty.USD/JPY of USD/JPY hit 151, rising by 0.75% in the day.Igor: It is planned to raise 300-500 million yuan from the controlling shareholder. Igor announced on the evening of December 9 that it plans to raise 300-500 million yuan from the controlling shareholder McGonagall. After deducting the relevant issuance expenses, all the net funds raised will be used to supplement the working capital.

The 10-year yield of US debt rose by 1.01% to 4.191.The brand-new Lantu Dreamer became the official vehicle of the Arab League representative office in China, and Lantu Automobile officially delivered the brand-new Lantu Dreamer to the Arab League representative office in China for official use. H.E. Ambassador Ahmed Mustafa Fahmi Hafiz, Director of the Representative Office of the League of Arab States in China, and Mr. Qin Jie, Secretary of the Party Committee and Chairman of the Labor Union of Lantu Automobile, attended the delivery ceremony. The brand-new Lantu Dreamer will receive the exclusive car as a VIP, serve the Arab League's diplomatic work in China, and entertain distinguished guests from all over the world with excellent quality, thus becoming a beautiful "business card" to show China's independent brand.British Prime Minister Stamer: Stability in the Middle East is crucial to ensuring domestic security, and promised to strengthen Britain's participation in the Middle East to support long-term stability.

Regulators continue to strengthen the prevention and control of insider trading in mergers and acquisitions to maintain the "three public" order in the capital market. Recently, the securities regulatory bureaus in Hunan and Zhejiang have issued several tickets for insider trading, which fully demonstrates the determination and attitude of the regulatory authorities to "zero tolerance" for illegal securities activities. Insider trading steals the profit opportunities that belong to the majority of investors by obtaining information in advance, which seriously undermines the market order of "three publics", encourages the atmosphere of asking for information and speculation, interferes with investors' value judgment, affects the market pricing function, and infringes on the legitimate rights and interests of investors. The Shanghai Stock Exchange learned that regulators are continuing to strengthen the prevention and control of insider trading in mergers and acquisitions to help maintain the normal functioning of market pricing functions.Interpretation of the Political Bureau Meeting in December by CITIC Securities: It is estimated that the reverse repo rate will drop by 40-50bps next year, and the LPR and loan interest rates may drop even more. CITIC Securities Research Report pointed out that a new round of policy starting guns will be fired, and the policy inflection point will be reconfirmed, making it clear that the macro policy will be strengthened and effective in 2025. From the perspective of fiscal policy, the meeting called for the implementation of a "more active fiscal policy" and enriched the policy toolbox, which may indicate that in 2025, both deficit ratio in a narrow sense and deficit ratio in a broad sense will be significantly improved, and the focus of policy development is also expected to be marginal in the field of people's livelihood consumption. From the perspective of monetary policy, this Politburo meeting calls for the implementation of a moderately loose monetary policy. This is the first time that China has implemented a moderately loose monetary policy after 2010. It is estimated that the reverse repo rate will drop by 40-50bps next year, and the LPR and loan interest rates may drop even more. From the perspective of domestic demand policy, the statement of expanding domestic demand in an all-round way, especially "vigorously boosting consumption", exceeds market expectations. With the support of the existing policies coming into effect and the policy of increasing domestic demand, the improvement of domestic demand may have strong certainty and sustainability. In addition, in terms of structural policies, on the one hand, the meeting clearly stated that it is necessary to "stabilize the property market and the stock market", and the importance of the stock market continues to be highlighted, and real estate is still in the policy landing period; On the other hand, the meeting emphasized that "scientific and technological innovation leads the development of new quality productive forces", and new industries and future industries are expected to receive further policy support.The central bank increased its holdings of gold and released a positive signal. Shanghai Gold ETF received a net purchase of funds for eight consecutive months. According to the data, as of the end of November, 14 commodity gold ETFs listed and traded in A shares all received a net purchase of funds during the year. From April to November, two ETFs received net capital inflows for 8 months, and Shanghai Gold ETF(518600) was the one with the largest net purchase, with an interval net inflow of 370 million yuan, which attracted considerable attention. (China Securities Network)