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Rare! The Indian opposition applied to impeach the Vice President. According to the Indian Express, the opposition coalition of the Indian Parliament filed an application on the 10th to impeach Jagdeep Dhankar, the Indian Vice President and Speaker of the House of Lords, on the grounds that Dhankar "presided over the agenda of the House of Lords in an extremely biased way". This is the first time in Indian history that such impeachment has been proposed. (Global Times)Hong Kong suspended the import of poultry meat and poultry products from Ehime Prefecture, Japan. On December 11th, the Center for Food Safety of the Food and Environmental Hygiene Department of Hong Kong announced that in response to the notification from the Ministry of Agriculture, Forestry and Fisheries of Japan that highly pathogenic H5 avian influenza broke out in Ehime Prefecture, Japan, the Center immediately instructed the industry to suspend the import of poultry meat and poultry products (including eggs) from this area to protect public health in Hong Kong. A spokesman for the Centre said that according to the information of the Census and Statistics Department, Hong Kong imported about 2,000 metric tons of frozen poultry meat and 227.42 million eggs from Japan in the first nine months of this year. The spokesman said: "The Center has contacted the Japanese authorities on the incident and will continue to pay close attention to the news of the outbreak of avian influenza issued by the World Organization for Animal Health and relevant authorities, and take appropriate actions in response to the development of the local epidemic."South Korean President Yin Xiyue: The opposition party does not recognize the president.

CITIC Securities: The interest rate of the 10-year US bond may show an upward trend due to factors such as monetary policy next year. According to the CITIC Securities Research Report, historically, the actual short-term interest rate expectation in the interest rate reduction cycle since 1983 is usually the main driving force for the downward trend of the 10-year US bond interest rate, while the term premium may rise in the interest rate reduction cycle due to factors such as supply and demand, deficit concerns and external shocks. Looking forward to the future, it is expected that the short-term 4.0% will be the support level of the 10-year US bond interest rate, and the 10-year US bond interest rate may show an upward trend next year due to factors such as monetary policy and "Trump transaction".Huajin Securities: Concerned about the impact of high-quality IP on e-sports and games going to sea, Huajin Securities Research Report pointed out that 1) On December 11th, the 2024 China E-sports Industry Annual Conference was held in Beijing, and the 2024 E-sports Annual Report was released during the conference. The data showed that the e-sports industry showed a positive development trend. "High-quality IP+ games" resonance mode or long-term empowerment game industry development. 2) The popularity of Marvel Comics is unprecedented, and the head manufacturers inject new IP vitality into the game. The achievements of "Marvel Comics Strive for the Front" may set a benchmark for the market, open the world fun competition+high-quality IP or give birth to new topics. 3) "Adapting to local conditions" is both internal and external, and the IP effect is remarkable. Based on the model of Watching Pioneer 2, the "big IP+ competition" has been deeply cultivated. The globalization has brought unprecedented popularity to Marvel Comics, and its novel model is expected to give full play to the value of high-quality IP, provide guidance and reference for industrial development, and empower the development of the game industry for a long time. 4) The annual meeting of e-sports industry was held, and the data showed that China e-sports was full of vitality. High-quality IP+ games are expected to continue to inject vitality into the game industry, paying attention to the impact of high-quality IP on e-sports and games going to sea.Zhong Xuegao's subsidiary was forced to execute 16.62 million yuan. According to the legal litigation information, recently, Zhongmao (Shanghai) Food Technology Co., Ltd. added a piece of information about the person to be executed, with the execution target of 16.62 million yuan. The enforcement court is the Yangpu District People's Court in Shanghai. Zhongmao (Shanghai) Food Technology Co., Ltd. was established in June 2020. The legal representative is Wang Keqin, with a registered capital of RMB 10 million, and it is wholly owned by Zhong Xuegao Food (Shanghai) Co., Ltd. Tianyan risk information shows that the company has more than 20 pieces of information about executed persons, and the total amount of execution exceeds 31.62 million yuan. In addition, there are also a number of consumption restriction orders, untrustworthy executed persons (Lao Lai) and final case information.

Huatai Securities: It is expected that the Fed will cut interest rates by 25bp in December, but the path of interest rate cut in 2025 is highly uncertain. Huatai Securities said that the overall inflation in November in the United States was in line with expectations, and the slight cooling of service inflation partially eased the market's concerns about inflation rebound. It is expected that the Fed will cut interest rates by 25bp in December, but the path of interest rate cut in 2025 is highly uncertain. Recently, the overall economic momentum of the United States has rebounded: from September to November, the PMI of Markit manufacturing in the United States has rebounded for three consecutive months; After the election, enterprises, especially small enterprises, are expected to improve, and the recent NFIB SME confidence index has rebounded significantly; The latest Atlanta GDP Now shows that the fourth quarter GDP growth rate of the United States is 3.3% year-on-year. However, considering that the unemployment rate data rebounded in November, and the recent inflation is still relatively moderate, we expect that the recent data may not prevent the Fed from cutting interest rates at its December meeting next week. However, in 2025, the growth and inflation path of the United States was disturbed by the Trump policy, and the Federal Reserve may "make a camera choice" on the basis of watching the overall economic trend. There is uncertainty in the path of interest rate cut in 2025.Han Dongxun, leader of South Korea's ruling party, said that President Yin Xiyue should be dismissed immediately. The only way is for the ruling party members to vote for impeachment.Huatai Securities looks forward to the communication industry in 2025: embrace the trend of AI/ satellite industry and allocate core assets. When looking forward to the communication industry in 2025, Huatai Securities said that it is optimistic about three main investment lines: 1) Continue to embrace the industry trend, and with the progress of commercialization of AI computing chain and satellite Internet, we are optimistic about investment opportunities in related sub-sectors; 2) New quality productivity: low-altitude industries or the opening of provincial and municipal infrastructure construction, the domestic quantum communication industry is expected to go from 0 to 1, and the commercial aviation scene will be accelerated; 3) revaluation of core assets: with the improvement of market liquidity, leading enterprises with long-term competitiveness and performance toughness are expected to usher in opportunities for valuation improvement; In addition, the merger and reorganization of central state-owned enterprises is expected to promote more high-quality enterprises to complete the process of capitalization and play a positive role in the valuation of the sector.