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Xiaomi's second car "YU7" was announced by the Ministry of Industry and Information Technology, and Xiaomi's second car officially landed in the Ministry of Industry and Information Technology. According to the information of the Ministry of Industry and Information Technology, the second model of Xiaomi Automobile is a pure electric SUV, and the trailer label shows that this model is named "YU7". The new car is 4999mm long, 1996mm wide and 1600mm high, with a wheelbase of 3000mm and a top speed of 253 km/h. The new car will use ternary lithium-ion battery produced by Jiangsu Times New Energy Technology Co., Ltd., and the peak power of the driving motor is 220kW/288kW, and it is equipped with an automobile event data recording system (EDR).Valin Steel: The subsidiary plans to invest 2.499 billion yuan to build the technology development and industrial application project of extra-large diameter seamless steel pipe continuous rolling. Valin Steel announced that the subsidiary Valin Henggang plans to invest 2.499 billion yuan to build the technology development and industrial application project of extra-large diameter seamless steel pipe continuous rolling, and build the first advanced continuous rolling pipe production line with the largest diameter in the world. The construction period of the project is 18 months. After completion, Valin Henggang can realize the continuous rolling production of extra-large diameter seamless steel pipes with an outer diameter of φ 323 mm ~ 610 mm and a wall thickness of 7.3 mm ~ 60 mm. The project is funded by bank loans of 1-1.5 billion yuan, shareholders' capital increase of 1 billion yuan and their own funds.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.

Market News: Australia and Nauru have reached an $89 million security and economic treaty.Lianchuang Optoelectronics: The smooth-blade series laser anti-UAV products have carried out preliminary cooperation negotiations with several airports. Lianchuang Optoelectronics said on the interactive platform on December 9 that in the face of "low-slow and small" flying objects represented by drones, there is a lot of room in the domestic low-altitude security equipment market. The company's smooth-blade series laser anti-UAV products are combined with the developed "low-altitude defense system command and control platform application software" and have the ability to install and deploy countermeasures equipment groups. To build a low-altitude defense system for users, we have carried out preliminary cooperation negotiations with several airports, but it is still in the early stage of negotiations, and there is still some uncertainty about whether we can expand the domestic airport security market as expected.South Korea's public prosecutor's office issued an arrest warrant against former defense minister Jin Longxian on suspicion of "civil strife and abuse of power". On the 9th local time, the special investigation headquarters of South Korea's public prosecutor's office said that it issued an arrest warrant against former defense minister Jin Longxian on the grounds of "civil strife and abuse of power". On December 5, local time, South Korean prosecutors banned former Defense Minister Jin Longxian from going abroad on the grounds of alleged "civil strife". (World Wide Web)

China index rose by more than 10%, Fangduoduo rose by about 120%, YINN rose by more than 25%, Nasdaq Jinlong China index rose by more than 10%, and China stock index rose by more than 119%. YINN, Tiger Securities, Baozun KWEB-commerce, Xinyuan Real Estate, Futu Holdings, Financial Yitong and Dada rose by more than 20%, and bilibili, Land Control, Shell and Weilai.Dow opened up 0.04%, Standard & Poor's 500 fell 0.1%, Nasdaq fell 0.3%, China Stock Exchange rose sharply, bilibili rose 12.0%, Shell rose 11.9%, Netease rose 9.3%, Pinduoduo rose 8.5%, Ctrip rose 7.2% and Weilai rose 6.9%. NVIDIA fell by 2.4%, and the State Administration of Market Supervision decided to file an investigation according to law. Palantir rose by 6.5% and reached a new contract with the US military.Egypt condemns Israel's occupation of the buffer zone between Israel and Syria: It violates international law. On the 9th local time, the Egyptian Foreign Ministry issued a statement, strongly condemning Israel's occupation of the buffer zone with Syria and its adjacent areas, calling it an occupation of Syrian territory and an infringement of Syria's sovereignty and territorial integrity. The statement said that Israel used the vacuum period in Syria to occupy more Syrian territory, which violated international law. Egypt calls on the UN Security Council and the international community to shoulder their responsibilities and take a firm stand against Israel's attack on Syria to ensure Syria's national sovereignty. On the 9th local time, Israeli Defense Minister Katz ordered the IDF to fully control the buffer zone between Israel and Syria. Katz said in a statement that the Israel Defense Forces must establish a "safe zone without heavy strategic weapons and terrorist infrastructure" in southern Syria, which includes areas outside the buffer zone. In addition, Katz also instructed the military to establish contact with the Druze community and other people in southern Syria.