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The 2024 National Conference on Cultural and Tourism Project Construction was held. On December 10th, the 2024 National Conference on Cultural and Tourism Project Construction was held in Hefei, Anhui Province. The meeting demanded that we should accurately grasp the situation and opportunities faced by the construction of cultural and tourism projects, deepen the concept of integration, strengthen financial support, pay attention to scientific and technological empowerment, strengthen the guarantee of factors, strengthen the bottom line thinking, continue to promote the high-quality construction of cultural and tourism projects and the high-quality development of industries, and help to cultivate cultural tourism into a pillar industry. During the meeting, large-scale equipment renewal and consumer goods trade-in projects in the fields of culture and tourism were held, and representatives of relevant parties carried out policy propaganda and supply-demand docking exchanges around the "two new" work.Coal stocks fluctuated higher, with the daily limit of Antai Group in the afternoon, Anyuan Coal Industry rose more than 5%, and Orchid Science and Technology, Luan Huaneng, Gansu Nenghua, Baotailong, Dayou Energy and Shaanxi Black Cat followed suit.An increase of 91.3%! In the first 11 months, there were more than 33.1 million people entering and leaving Shanghai port. Since last year, China has successively introduced or resumed various visa-free policies, and the level of entry and exit facilitation has been continuously improved. From January to November this year, Shanghai Border Inspection Station inspected 247,000 inbound and outbound means of transport at Shanghai Port, and inspected more than 33.1 million passengers, up 43.6% and 91.3% respectively over the same period last year. (CCTV News)

Hainan Free Trade Zone concept changed partially. Hainan Ruize and Hainan Development both had daily limit, Hainan Ruize and Hainan Development both had daily limit, and Lishang Guochao, Hainan Haiyao, Hainan Expressway and Huawen Group followed suit.Ice and snow tourism concept stocks strengthened in the short-term, with Inpais trading daily, Yuanlongyatu and Longjiang traffic rising.Huaxi Securities: Maintain the "Buy" rating of Hagrid Communication, and be optimistic about the forward-looking layout of satellite Internet and low-altitude economy. Huaxi Securities Research Report pointed out that Hagrid Communication (002465.SZ) selected China Mobile's "R&D service procurement project for integrated terminal chips in 2024-2025", with an estimated contract amount of 31.06 million yuan. The selection in the development and procurement of Beidou Tongdao Fusion Chip once again proves that the company and China Mobile have carried out business cooperation and strategic coordination in many fields, including Beidou+industry application development, coordinated development of air and space integration, low-altitude infrastructure construction, integrated construction of vehicles and Lu Yun, and comprehensive operation and maintenance business development. It is believed that the strategic cooperation of operators will continue to deepen, which is expected to help Beidou and satellite Internet business upgrade and enhance the company's related resource endowment. As one of the leading Beidou manufacturers, the company is optimistic about the forward-looking layout of satellite Internet and low-altitude economy, and maintains a "buy" rating.

The Taiwan Province Weighted Index closed down 221.45 points, or 0.96%, at 22,903.63 points on Wednesday, December 11th.Morgan Asset Management: Trump's economic policy is generally beneficial to the US economy to maintain the "overweight" rating on US stocks and credit. Sheng Nan, global multi-asset strategist of Morgan Asset Management, said that it is expected that the economic policy of US President-elect Trump will be generally beneficial to the local economy, but the implementation order of specific policies will also determine the growth trajectory in the next two years. Sheng Nan mentioned that Trump pays more attention to deregulation and measures to boost finance by extending tax cuts, which will improve business confidence, open capital markets and accelerate growth and return on assets. However, if the focus is on immigration and tariff policies, the interruption of labor supply or trade may have negative consequences, inhibit economic growth and lead to asset market fluctuations. Sheng Nan believes that despite the above uncertainties, the US economy is expected to grow strongly next year, and the local GDP will not slow down to 2% until the fourth quarter of next year, so he maintains the "overweight" rating on US stocks and credit.The turnover of Shanghai, Shenzhen and Beijing exceeded 1.5 trillion yuan, a decrease of 412.6 billion yuan from the previous day. Up to now, the turnover of Shanghai, Shenzhen and Beijing exceeded 1.5 trillion yuan, a decrease of 412.6 billion yuan from the previous day. Among them, the turnover of Shanghai Stock Exchange was 579.2 billion yuan, that of Shenzhen Stock Exchange was 903.5 billion yuan, and that of Beizheng 50 was 18 billion yuan.