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FTSE China A50 index futures fell to 3%.The yield of 10-year treasury bonds fell by 5 basis points.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.

Yonhap News Agency: Kim Sang-wook, a member of South Korea's ruling party, expressed his support for impeaching President Yin Xiyue.TikTok submitted an urgent motion to try to prevent the US ban law from coming into effect. On December 9, local time, ByteDance's TikTok issued a statement in official website and its official account, saying that it had submitted an urgent motion to the US Court of Appeals for the District of Columbia Circuit to prevent the TikTok ban law from coming into effect. Earlier, the U.S. Federal Court of Appeals ruled that the decree signed by U.S. President Biden mandatorily requiring ByteDance companies to sell TikTok in the United States should be upheld for national security reasons. (CBN) 

Murdoch's request to modify the control of the family trust was reportedly rejected. According to people familiar with the matter, a probate commissioner in Nevada rejected a request by Rupert Murdoch to hand over the control of his media assets to his eldest son after his death, instead of dividing it equally among his four children. Murdoch, 93, had previously tried to modify a trust holding his family assets, including about 40% voting shares of Flowserve and News Corporation.At least 80 people were killed or injured in air strikes in Sudan. On December 9, local time, Sudan's non-governmental organization "Displaced Persons Coordination Organization" said that Sudan and Sudan suffered large-scale air strikes that day, causing at least 80 casualties. The organization said that a market in Kabkabiya, Northern Darfur, was attacked by five bombs, killing at least 30 civilians and injuring more than 50 others. Nyala, the capital of South Kordofan, was also attacked by air on the same day. Nyala airport and several blocks in the city were hit by dozens of bombs, and the runway of Nyala airport was completely destroyed, causing casualties. The specific casualties are still in the statistics.When the individual pension system is fully liberalized, it is expected that Y share will be added. It is learned from multiple channels that the individual pension system will be implemented nationwide after the third anniversary of the pilot project in 36 cities, and the relevant deployment is already in full swing, and the pension products are also expected to expand. According to the industry, in terms of Public Offering of Fund products, broad-based index funds and ETF-linked funds such as Shanghai and Shenzhen 300 Index, CSI 500 Index, CSI A500 Index and GEM Index are expected to be included, and Y shares will be added to meet the allocation needs of investors. (Cailian)