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The yield of 10-year treasury bonds fell by 5 basis points.Significant progress in domestic growth hormone! Jichuan Pharmaceutical Co., Ltd. and Tianjing Biological Co., Ltd. announced that the listing application of Etan long-acting growth hormone was accepted, with a height of 10.76 cm a year, which made significant progress in domestic growth hormone. Today, Tianjing Bio and Jichuan Pharmaceutical jointly announced that the application for marketing biological products of Etan long-acting recombinant human growth hormone injection (hereinafter referred to as "Etan long-acting growth hormone") for treating children's growth hormone deficiency (PGHD) has been accepted by NMPA. As the first and only long-acting growth hormone with fusion protein in the domestic application stage and listed products, this innovative therapy is expected to provide safe, effective and convenient treatment options for children with growth hormone deficiency. Etan long-acting growth hormone adopts innovative hyFc® fusion protein technology, which greatly improves the stability and half-life of the drug by combining human growth hormone with specially designed human immunoglobulin. This patented technology not only ensures the biological activity of growth hormone, but also realizes the long-acting function of growth hormone in the body, thus making Ethan the first fusion protein long-acting growth hormone to be administered once a week.The concept of Tik Tok rose before noon, and the provincial and Guangzhou Group hit the board in a straight line. Tianlong Group rose by more than 10%, followed by Xinghui Entertainment, Chinese Online and Gravitational Media.

Fuyi Wine intends to acquire Chinese wineries to be used as the production base of Penfolds brand. Fuyi Wine Group said that it will spend RMB 130 million to acquire 75% equity of Ningxia Stone & Moon Winery in Ningxia, China. The company listed on the Australian Stock Exchange plans to use 106 acres of high-quality vineyards of the winery for the production of Penfolds wine. Fuyi Wine Group can acquire the remaining shares of Wangyueshi Winery in five years. It is reported that the Penfolds brand was founded in 1844. Penfolds wine is mainly produced in Australia, but some of it is brewed from grapes grown in France and California. (Liang Zhonghua of Haitong Securities: The general direction of "positive" macro policy in 2025 has been determined, and 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. Liang Zhonghua, chief macro analyst of Haitong Securities, said that judging from the statement of the meeting, the general direction of "positive" macro policy in 2025 is certain. Among them, "supernormal countercyclical adjustment" was put forward for the first time. Liang Zhonghua analyzed that "supernormal adjustment" may be different from QE (quantitative easing) in western countries, but refers to a traditional tool that has grown steadily in the past few years, making a breakthrough on the margin and playing the role of "keeping innovation" and "enriching and perfecting the policy toolbox". Judging from the policies that have been issued since September, this round of steady growth is a steady growth under the framework of "high quality". The high-quality framework will not change, and there will be no strong stimulation of flood irrigation. The meeting proposed to "implement a more active fiscal policy and a moderately loose monetary policy". Liang Zhonghua believes that next year's finance is expected to make further marginal efforts. It is expected that deficit ratio may improve. At present, 3.5%-4.0% is more likely, and the scale of special bonds may be marginally increased. Special government bonds supporting "duality" and "two innovations" will continue to be issued or increased. In addition, the debt-melting policy launched in November will also be the financial focus next year, and it is expected that special government bonds may be issued to supplement bank capital. In addition, the gradual interest rate cut will continue next year, and the structural monetary policy will continue to exert its strength. The meeting stressed that "it is necessary to vigorously boost consumption, improve investment efficiency, and expand domestic demand in all directions." In this regard, Liang Zhonghua believes that compared with Politburo meeting of the Chinese Communist Party's statement of "expanding domestic demand with the focus on boosting consumption" in July, this meeting pays more attention to expanding domestic demand, and its support is expected to be further increased in the future. Since the beginning of this year, with the extra-long special national debt funds in place, the consumption of consumer goods trade-in policy has gradually emerged. There is still room for further efforts to expand domestic demand policies such as replacing old consumer goods with new ones next year. Liang Zhonghua also mentioned that this meeting clearly put forward "stabilizing the property market and stock market", which shows that the policy pays high attention to the property market and stock market. As an important signal to pay attention to the economy and expectations, the policies of the property market and stock market are also positive.AI application direction rose and strengthened. Many stocks such as Hanwang Technology rose and strengthened, while Hanwang Technology, Aofei Entertainment, Tianyue Digital, Bona Film and Jincai Internet rose, while Haitian Ruisheng, Iflytek, Fushi Holdings and Sanliuling followed suit.

The concept of Tik Tok rose before noon, and the provincial and Guangzhou Group hit the board in a straight line. Tianlong Group rose by more than 10%, followed by Xinghui Entertainment, Chinese Online and Gravitational Media.The Nikkei 225 index closed at 39,197.42 points in early trading, up 0.09%.Korean media: Some US troops stationed in South Korea imposed curfews and travel restrictions. On the 9th, South Korean media quoted sources as saying that after the emergency martial law storm in South Korea, some US troops stationed in South Korea began to implement travel restrictions and curfews. According to the Korea Herald, a US soldier stationed in Humphries Barracks, Pyeongtaek City, Gyeonggi Province revealed that after South Korean President Yin Xiyue issued an emergency martial law on the evening of the 3rd, the US military stationed in South Korea issued a travel restriction to restrict US military personnel from going to the capital Seoul and its surrounding major cities. Only the US military stationed in South Korea, whose home is in Seoul, was allowed to go to Seoul. Another U.S. military personnel who did not want to be named said that the U.S. military stationed in South Korea has implemented a curfew, requiring all soldiers who go out to return before 23: 00 every day. In addition, the US military stationed in South Korea also warned soldiers not to go to crowded areas near Wushan Air Force Base and Humphries Barracks. According to the South Korean media, the commander of the US military stationed in South Korea, Paul Lachamera, issued a statement on the 5th, asking relevant personnel to "be vigilant" about the location, mode, time and companions of their own travel around South Korea. According to sources, the US military stationed in South Korea will decide to lift or upgrade the above restrictions on the 11th according to the political situation in South Korea. (Xinhua News Agency)