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Market news: South Korean minister asked the opposition party not to impeach officials to prevent a government vacuum.Market news: South Korean minister asked the opposition party not to impeach officials to prevent a government vacuum.The front page of the China Securities Journal: Focus on synergy and cohesion to boost confidence in the stock market. The article said that the the Political Bureau of the Communist Party of China (CPC) Central Committee meeting held on December 9 proposed to "stabilize the property market and the stock market". Market participants believe that the key to stabilizing the stock market is to enhance the internal stability of the market, enhance the investment value of listed companies, crack down on securities crimes, strengthen investor protection, and effectively boost investor confidence. This is a systematic project, involving many aspects, which needs to be exerted in the same direction and form a joint force. The emphasis on coordination, grasping the key, will help to better cohesion and create good conditions for the healthy development of the capital market.

The yield of 10-year US Treasury bonds rose by more than 4 basis points. Investors were concerned about the rising oil price and the US Treasury's supply this week. At the end of new york on Monday (December 9), the yield of 10-year US benchmark treasury bonds rose by 4.44 basis points to 4.1973%, and the intraday trading was in the range of 4.1336%-4.1973%. The yield of two-year US bonds rose by 2.26 basis points to 4.1265%, and intraday trading was in the range of 4.0933%-4.1307%. The yield spread of three-month Treasury bonds /10-year US bonds rose by 4.684 basis points to -21.027 basis points. The yield spread of 02/10-year US bonds rose by 2.147 basis points to +6.867 basis points. The yield of US 10-year inflation-protected treasury bonds (TIPS) rose by 2.51 basis points to 1.9215%.Granite Vehicle Ventures LLC sued Tesla in the U.S. District Court for the Eastern District of Texas, alleging that its fully automatic driving (FSD) function infringed U.S. patents 11,597,402, 11,738,765 and 12,037,004.Qian Jianzhong, former Party Secretary and President of Bank of China Ningbo Branch, was investigated. According to the news from the Discipline Inspection and Supervision Team of the State Supervision Commission of the Central Commission for Discipline Inspection in China and the Supervision Commission of Zhejiang Provincial Commission for Discipline Inspection, Qian Jianzhong, former Party Secretary and President of Bank of China Ningbo Branch, was suspected of serious violation of discipline and law, and is currently under disciplinary review by the Discipline Inspection and Supervision Team of the State Supervision Commission of the Central Commission for Discipline Inspection in China and supervision and investigation by the Supervision Commission of Wenzhou City, Zhejiang Province. (CCTV News)

Xinke Materials: It is planned to invest 87.5 million yuan to build a copper cable project. Xinke Materials announced that Xinzi Nengke, a wholly-owned subsidiary of the company, plans to invest 87.5 million yuan to build a copper cable project for high-speed copper connection in Santai County, Sichuan Province. The project will have an annual output of 40,000 kilometers of copper cables. The planned construction period is 16 months, and the sales revenue in the year of reaching the standard is expected to be 180 million yuan. The project is funded by the company itself, aiming at expanding the industrial chain and improving the market competitiveness.The front page of the China Securities Journal: Focus on synergy and cohesion to boost confidence in the stock market. The article said that the the Political Bureau of the Communist Party of China (CPC) Central Committee meeting held on December 9 proposed to "stabilize the property market and the stock market". Market participants believe that the key to stabilizing the stock market is to enhance the internal stability of the market, enhance the investment value of listed companies, crack down on securities crimes, strengthen investor protection, and effectively boost investor confidence. This is a systematic project, involving many aspects, which needs to be exerted in the same direction and form a joint force. The emphasis on coordination, grasping the key, will help to better cohesion and create good conditions for the healthy development of the capital market.The data of VAT invoice shows that the development momentum of "two new products" is good, and the effect of replacing old products with new ones is steadily promoted. The data of VAT invoice shows that in November, the amount of machinery and equipment purchased by enterprises nationwide increased by 4.5% year-on-year. Cumulatively, from January to November, it increased by 6.1% year-on-year, which was 4.2 percentage points faster than the overall purchase amount of enterprises nationwide. Especially in key areas, the effect is obvious, for example, the equipment procurement of industrial enterprises has grown steadily. From January to November, the amount of machinery and equipment purchased by industrial enterprises increased by 5.1% year on year. Among them, the amount of machinery and equipment purchased by manufacturing, electric hot gas and water production and supply industries increased by 5.2% and 5.5% respectively year-on-year, which was higher than the overall growth rate of industrial procurement equipment. For another example, the equipment in business, information and technology industries is updated rapidly. From January to November, the amount of machinery and equipment purchased by modern service industries such as leasing business services, information technology services and scientific research and technology services increased by 10.4%, 16.6% and 19.6% respectively year-on-year, which were significantly higher than the overall growth rate of equipment purchased by enterprises nationwide, reflecting the accelerated development of industries related to new quality productivity. According to the data of VAT invoice, from January to November, the retail sales revenue of household audio-visual equipment such as televisions and household appliances such as refrigerators increased by 15.9% and 18.7% year-on-year, respectively, which was 11.4 and 14.2 percentage points higher than the overall growth rate of retail industry, especially driven by the "Double Eleven" promotion, which increased by 28.8% and 74.4% year-on-year in November. On the other hand, the overall sales of furniture products are improving. According to the data of VAT invoice, from January to November, the sales revenue of furniture retail industry and sanitary ware retail industry increased by 16.8% and 12.5% respectively, which was 12.3 and 8 percentage points higher than the overall growth rate of retail industry, and it showed a rapid growth trend in November, increasing by 36% and 18.8% respectively. (State Taxation Administration of The People's Republic of China)