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Huang Wentao, China CITIC Construction Investment Co., Ltd.: Policy strength and tools are expected to achieve new breakthroughs. the Political Bureau of the Communist Party of China (CPC) Central Committee held a meeting on December 9 to analyze and study the economic work in 2025. Huang Wentao, chief economist of CITIC Jiantou, said in the latest interpretation that the meeting first mentioned "strengthening unconventional countercyclical adjustment", and the policy framework is expected to get rid of the mindset and achieve new breakthroughs in strength and tools. Huang Wentao mentioned that the "unconventional" policy will be mainly reflected in the breakthrough of the original conventional policy model, including: First, the breakthrough of monetary policy from "steady" to "moderately loose", and the transformation from the traditional model to the modern central bank system in the transmission system. Second, it is expected that the fiscal deficit constraint of 3% will be greatly exceeded, and the mode of financial development may also be optimized in the past, with more inclination to the residential sector. Third, in stabilizing the capital market, more powerful and effective measures are introduced to prevent excessive market volatility. "The stocks and debts are expected to continue." Huang Wentao pointed out that the unconventional countercyclical adjustment policy not only provides sufficient impetus for the recovery of economic vitality, but also provides strong support for improving expectations and reviving confidence, and provides sufficient source of living water for the capital market. The stock market is expected to continue to strengthen and the risk-free rate of return is expected to continue to decline.Shibor reported 1.4700% overnight, down 4.6 basis points; In 7 days, shibor reported 1.7840%, up 4.8 basis points; In three months, shibor reported 1.7480%, down 0.5 basis point.The yield of 10-year treasury bonds fell by 5 basis points.

China's total export in November was 2,221.72 billion yuan, with the previous value of 2,189.92 billion yuan. China's total import volume in November was 1,528.92 billion yuan, with the previous value of 1,510.82 billion yuan. Rong Sheng Development failed to pay the "20 Rong Sheng Real Estate MTN003" as scheduled, with a total principal and interest of 1,678.08 million yuan. On December 10th, Rong Sheng Real Estate Development Co., Ltd. announced that the "20 Rong Sheng Real Estate MTN003" issued by the company failed to pay the principal and interest of 1,678.08 million yuan as scheduled. The debt was due today, but the company failed to repay it in full. Rong Sheng Real Estate said that it will actively communicate with bondholders on the follow-up disposal plan to seek a solution. "20 Rong Sheng Real Estate MTN003" passed the extension plan in 2022, with the principal extended for one year and the interest extended for two years. (澎湃)

Israeli troops crossed the military buffer zone tanks and marched towards the city of Gaetana near the Syrian capital. Many Israeli media quoted Lebanese "Square" TV station as saying in the early morning of the 10th local time that Israeli troops had crossed the Syrian-Israeli military buffer zone and entered the rural province of Damascus, Syria, occupying several towns near the Lebanese border. Israeli tanks are heading for Qatana, about 20 kilometers from Damascus. At present, other Arab media have not reported this news, and the Israeli army has not responded to this. (CCTV News)Yi Yatong once again won the bid for the service project of the supplier of the material supply platform of China Post Group Co., Ltd., and recently, Yi Yatong won the bid for the service project of the supplier of the material supply platform of China Post Group Co., Ltd. again. The winning categories in this project include 60 categories and 628 subcategories of commodities and related services such as grain and oil seasoning, kitchen and bathroom appliances, cleaning products, office equipment, home textile products and daily necessities; The service scope is China Post Group Co., Ltd. and its subordinate institutions at all levels, including the headquarters of the group company, branches in all provinces (including autonomous regions and municipalities directly under the Central Government), delivery departments, holding subsidiaries, directly affiliated units and their internal or subordinate branches at all levels.The turnover of Shanghai and Shenzhen stock markets exceeded 1 trillion yuan for the 50th consecutive trading day, setting a new record.