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On the 10th, South Korea's National Assembly voted to pass the "Permanent Special Inspection Law for Civil Disturbances" which requires the investigation of President Yin Xiyue. (Xinhua News Agency)Haige Communication: China Mobile was selected as the procurement project for R&D service of Tongdao Convergence Terminal Chip. Haige Communication announced that the company recently received the bid-winning notice from China Mobile Communications Group Terminal Co., Ltd. for "R&D service procurement project of Tongdao Convergence Terminal Chip from 2024 to 2025". It is estimated that the bid-winning contract amount is 31.06 million yuan, accounting for 0.48% of the company's operating income in the latest audited fiscal year. This election will accelerate the large-scale promotion of the company in the field of Beidou mass consumption and Internet of Things applications, further expand Beidou large-scale application scenarios and market share, and consolidate the company's market and technology leading edge.Scientists in China won the "Guardian of the Earth Award" of the United Nations Environment Programme in 2024. On December 10th, the United Nations Environment Programme (UNEP) announced the winners of the "Guardian of the Earth Award" in recognition of their outstanding contributions in dealing with land degradation, drought and desertification. Six people and projects from China, Brazil, USA, Romania, India and Egypt won prizes. Lu Qi, a scientist from China, won the "Science and Innovation Award" and was the first person from China to win this award category. Lu Qi is the chief scientist of the Chinese Academy of Forestry and the founding president of the Three North Engineering Research Institute. He has played a key role in promoting the implementation of the world's largest afforestation project, establishing a desert ecological research network and partnership, and promoting multilateral cooperation to curb desertification, land degradation and drought.

The net sales of southbound funds exceeded HK$ 4 billion.The net sales of southbound funds exceeded HK$ 4 billion.International Air Transport Association predicts that the global aviation industry will reach a record 5.2 billion passengers in 2025.

HSBC: The Bank of Japan may raise interest rates next week. Economists at HSBC Global Research pointed out that the Bank of Japan may raise interest rates at its meeting in December. Frederic Neumann and Jun Takazawa, the bank's economists, said that the recent hawkish remarks by officials reflected both foreign exchange fluctuations and the improvement of economic data. Most members of the Bank of Japan's Policy Committee may have enough confidence that wages will continue to increase generally next year and will choose to raise interest rates before December and January, when Trump takes office. Japan's economy and prices are still on the normal track, and wages, consumption and service inflation have all made progress. HSBC predicts that the Bank of Japan will raise interest rates by 25 basis points again in the first quarter of 2026, bringing the policy interest rate to 1%.Huatai Securities: The target price of Yum! China was raised to HK$ 472.48, and the "Buy" rating was maintained.Hong Kong stocks opened higher and went lower, while the Hang Seng Index and Hang Seng Science and Technology Index fell successively. The branch index now fell by 0.8%, having previously risen by more than 4%.