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Market News: Israeli Prime Minister Benjamin Netanyahu entered the court for corruption trial.General Administration of Customs: In the first 11 months, ASEAN was my largest trading partner. In the first 11 months, ASEAN was my largest trading partner. The total trade value between China and ASEAN was 6.29 trillion yuan, up 8.6%, accounting for 15.8% of China's total foreign trade. Among them, the export to ASEAN was 3.74 trillion yuan, up by 12.7%; Imports from ASEAN reached 2.55 trillion yuan, an increase of 3%. The EU is my second largest trading partner, and my total trade with the EU is 5.09 trillion yuan, up by 1.3%, accounting for 12.8%. Among them, exports to the EU reached 3.34 trillion yuan, up by 3.8%; Imports from the EU reached 1.75 trillion yuan, down 3.3%. The United States is my third largest trading partner, and my total trade with the United States is 4.44 trillion yuan, an increase of 4.2%, accounting for 11.2%. Among them, exports to the United States were 3.38 trillion yuan, an increase of 5.1%; Imports from the United States reached 1.06 trillion yuan, an increase of 1.4%.Henan: The average interest rate of newly issued private enterprise loans in the first 10 months was 3.82%. The Henan Financial Supervision Bureau released the latest progress in guiding financial institutions to increase financial support for the private economy today. According to the Henan Financial Supervision Bureau, at the end of October, the number of private enterprise loans in the province reached 3,519,700, with a balance of 2.42 trillion yuan, of which 55.75% of the newly issued corporate loans were invested in private enterprises. In the first 10 months of this year, the average interest rate of new private enterprise loans was 3.82%, which was 0.46 percentage points lower than that at the beginning of the year. In the next stage, Henan Financial Supervision Bureau will give full play to the role of supervision "baton", effectively promote the operation of coordination mechanism, continuously increase the inclination of financial resources, and strive to achieve a new improvement in the financial service level of private economy.

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.Media: Biden's government strives to ensure a ceasefire agreement in Gaza before January 20th next year. According to many people familiar with the matter, Biden's government is working more and more closely with the incoming Trump administration officials, trying to reach a ceasefire and hostage agreement before Trump is sworn in on January 20th to stop the conflict between Israel and Hamas. After the Lebanon-Israel ceasefire agreement was reached, the negotiations on the Gaza ceasefire agreement resumed quickly and quietly. Not only Biden hopes to reach a ceasefire agreement in the last few weeks of his term, but Trump also hopes to start his second term when the Lebanese-Gaza conflict ends and the hostages held by Hamas are released, which has injected new vitality into the negotiations that collapsed a few months ago. Five sources familiar with the dialogue said that the two sides had closely coordinated and Trump's team learned about the hard work being done by Biden's government.Malaysia's parliament passed a bill to expand network control, and Malaysia's parliament voted to pass a bill to expand local government's network control, imposing more severe penalties on content violations and giving law enforcement departments extensive powers, such as any authorized official can search and detain without a search warrant. As for the Internet service providers, they may have to bear the responsibilities according to law and be forced to disclose user information to the authorities during the investigation of suspected violations. According to the report, large-scale scientific enterprises such as Meta have pointed out in the past that they will abide by local laws and regulations in Malaysia, but they believe that excessive supervision will endanger the right to public discourse and bring unfair burden to online platforms.

Google CEO said that its newly released quantum computing chip can complete supercomputing in five minutes. On its newly released quantum computing chip Willow, Google CEO Sundar Pichai said that Willow is an important step to build a useful quantum computer. It has practical applications in drug discovery, fusion energy, battery design and other fields. Its breakthrough can reduce errors exponentially when we use more qubits, and solve the 30-year challenge in this field. In the benchmark test, Willow completed a "standard benchmark calculation" in less than five minutes, and even the fastest supercomputer today takes "10 to the 25th power" years to complete this calculation-this figure is far beyond the age of the universe.8.8 billion cubic meters of natural gas is supplied to Hubei. It was learned from Huazhong Company, the State Pipe Network Group, that on the basis of delivering more than 8.2 billion cubic meters of natural gas to Hubei last year, considering the growing demand for natural gas in Hubei, the company further implemented the natural gas supply resources. It is estimated that 8.8 billion cubic meters of natural gas can be delivered to Hubei this year, accounting for 97.7% of Hubei's natural gas market, which can guarantee Hubei's people's livelihood and economic development needs this winter.Spot silver exceeded $32/oz, up 0.54% in the day.