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Xue Hongyan, Vice President of Xingtu Financial Research Institute: Stabilizing the stock market means stabilizing expectations and confidence. The Central Economic Work Conference was held in Beijing from December 11th to 12th. Why is the central government proposing to "stabilize the stock market" at this time node? What are the considerations behind it? Xue Hongyan, vice president of Xingtu Finance Research Institute, pointed out that the stock market is a barometer of the economy, and its ups and downs reflect the social expectation of the economic development prospects. In this sense, stabilizing the stock market will help to better form a positive and optimistic situation for development. Since the "924" policy shift, the A-share market has ushered in a round of surge, and the bull market has been widely discussed at the social level, which has effectively boosted market confidence. Therefore, in a sense, stabilizing the stock market means stabilizing expectations and confidence. The meeting proposed to deepen the comprehensive reform of investment and financing in the capital market. What is the internal relationship between this and "stabilizing the stock market", and how should the next step of "deepening the comprehensive reform of investment and financing in the capital market" be exerted? Xue Hongyan said that the value of the capital market is mainly reflected in two aspects: one is to serve the high-quality development of the real economy with financing function, and the other is to let investors share more fruits of economic development with investment function, which are mutually causal and indispensable. Xue Hongyan believes that this round of capital market reform, emphasizing on vigorously guiding medium and long-term funds to enter the market, opening up the blocking points of social security, insurance, wealth management and other funds to enter the market, and emphasizing the protection of the interests of small and medium-sized investors, will help fundamentally improve the capital supply and demand structure and micro-ecology, and lay a solid foundation for the long-term cattle market. (The country is a through train)Market News: Trump Group plans to cooperate with DAR GLOBAL to build Trump Tower in Riyadh, Saudi Arabia.GBP/USD of GBP against USD fell by 1.27, with an intraday decrease of 0.40%.

Brazilian President Luiz Inacio Lula da Silva has regained consciousness after undergoing head surgery again. At present, the situation is stable. On the morning of 12th local time, Brazilian President Lula underwent head surgery again in the Syrian-Lebanese hospital in Sao Paulo, the largest city in the country, to prevent further intracranial hemorrhage. The reporter from the General Station learned from the press conference held by the hospital that Lula had recovered after the operation and was in a stable condition, so he could talk with the medical staff. The medical team said that the operation, as part of the first treatment on the 10th, started at around 7: 00 on the 12th and lasted less than an hour. The medical staff said that the operation was successful and Lula needed further examination in the intensive care unit until the 13th. According to the current rehabilitation situation, the medical team assessed that Lula's discharge time was on the 16th or 17th of this month.Wu Yaping, Research Fellow, Investment Research Institute, National Development and Reform Commission: Enhance the consistency of macro-policy orientation and give full play to the combination of different policy tools. The Central Economic Work Conference proposed to integrate economic policies and non-economic policies into the consistency assessment of macro-policy orientation, coordinate the whole process of policy formulation and implementation, and improve the overall effectiveness of policies. In this regard, Wu Yaping, a researcher at the Investment Research Institute of the National Development and Reform Commission, said that to enhance the consistency of macro-policy orientation, it is necessary to strengthen and improve the evaluation of macro-policy consistency, give full play to the combined force of more active fiscal policy and moderately loose monetary policy, and give play to the combined role of different policy tools. It can be understood as "three plus": increasing fiscal and monetary policies, strengthening support for "duality" and "two innovations", and strengthening efforts to prevent and resolve risks in key areas. "The external environment will face greater uncertainty next year. We must adhere to' taking me as the main factor', strengthen the research on reserve policy, and fight for preparation." Wu Yaping said. (SSE)GBP/USD fell more than 0.50% in the day, and now it is reported at 1.2687.

Israeli Army Attacks Prime Minister Li in Southern Lebanon: A flagrant violation of the ceasefire agreement. On the 12th, local time, Lebanese caretaker Prime Minister Mikati issued a statement on Israel's attack on Shyam town, an important town in southern Lebanon. He said that less than 24 hours after the army began to deploy in Shyam and Magayoun to implement the ceasefire decision, Israel attacked Shyam town again, causing casualties. Mikati called the attack a flagrant violation of the ceasefire agreement and a violation of the commitments made by the United States and France as mediators. He called on these countries to clarify their positions on this incident and take immediate measures to curb Israel's aggression. Mikati said that the continuous violation of the ceasefire agreement is the responsibility of the monitoring committee responsible for monitoring the implementation of the ceasefire, and they must resolutely solve this problem and prevent such incidents from happening again. On the same day, Israeli drones attacked the town of Shyam, an important town in southern Lebanon. (CCTV News)Market News: Hungarian Prime Minister Orban and Turkish President Erdogan discuss US sanctions against Gazprom.Hangzhou real estate new regulations will be implemented tomorrow, and the housing rate will be improved. official website of Hangzhou Bureau of Planning and Resources issued the Notice of Hangzhou Bureau of Planning and Natural Resources on Optimizing the Calculation Rules of Floor Area Ratio and Related Indicators of Construction Projects. This notice shall come into force as of December 13, 2024. After the implementation of the transfer project, the transfer project that has obtained the transfer decision and the newly established reconstruction and expansion project shall be implemented in accordance with the requirements of this notice. If the previous relevant policies are inconsistent with this notice, this notice shall prevail. This means that from tomorrow, all the newly-sold homesteads in Hangzhou can enjoy the new regulations on area identification, such as the closed balcony is only half the area, and the open wind and rain corridor is not included. The biggest surprise is the first article of the new regulations, which encourages diversified parking forms to meet the minimum parking standards, such as independent parking buildings, parking spaces under the ground floor overhead platforms and multi-storey parking spaces inside buildings. For cost reasons, some developers will cancel underground parking spaces and change them into ground parking buildings, and the design of traditional residential quarters in Hangzhou will usher in great changes. As a result, the housing rate of new houses in Hangzhou will increase in the future, and developers will not only have more room to build quality supporting facilities in the community, but also greatly increase the saleable value.