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The US dollar index rose by 0.3%, the Japanese yen fell to 153, and the Swiss franc fell by over 0.9%. On Thursday (December 12), the ICE dollar index rose by 0.31% to 107.038 points, and the intraday trading range was 106.354-107.041 points. The whole day showed a volatile upward state, but the European Central Bank announced a rate cut, the US PPI data was released, and Beijing. The Bloomberg dollar index rose by 0.28%, reaching a daily high of 1288.41 points, and then fluctuated upward after reaching a daily low of 1281.12 points at 15:17. The dollar rose 0.14% against the yen to 152.67 yen, and the intraday trading range was 151.81-152.77 yen. The euro fell 0.27% to 1.0467, the pound fell 0.62% to 1.2673, and the dollar rose 0.93% to 0.8924 against the Swiss franc. Among the commodity currencies, the Australian dollar was roughly flat after falling back against the US dollar, while the New Zealand dollar fell by 0.29% and the US dollar rose by 0.44% against the Canadian dollar. The Swedish krona fell 0.38% against the US dollar, while the Norwegian krona fell 0.26% against the US dollar.The fifth district of Beijing issued a blue warning of strong winds. At present, Yanqing District, Mentougou District, Haidian District, Changping District and Fangshan District of Beijing have issued blue warnings of strong winds. 

Soochow securities Lu Zhe: The Central Economic Work Conference further boosted confidence in the capital market. The Central Economic Work Conference was held in Beijing on December 11th and 12th. The meeting analyzed the current economic situation and deployed economic work in 2025. Lu Zhe, chief economist of soochow securities, believes that the contents of the meeting will face the adverse changes and influences of the internal and external economic environment directly, with more emphasis on the orientation of policy consistency, and policy coordination will be more important next year. Next year, the strength of macro-policies will be significantly increased, and more concrete and operable policy measures will be introduced, which will provide a strong guarantee for the economy to tide over difficulties in the short term and deepen long-term reforms. Lu Zhe said that the Central Economic Work Conference regards "stabilizing the stock market and the property market" as the basic premise of steady growth, which on the one hand shows that the policy pays more attention to the capital market, and on the other hand shows that stabilizing the capital market and the real estate market is an important working means to boost confidence and enhance expectations. Judging from the key work arrangement of the meeting, the combination of "moderately loose monetary policy" and "more active fiscal policy" and the extraordinary countercyclical adjustment are expected to stabilize the economic fundamentals, provide more macro liquidity for the market, and guide the confidence stability and profit recovery of the capital market. (SSE)Soochow securities Lu Zhe: The Central Economic Work Conference further boosted confidence in the capital market. The Central Economic Work Conference was held in Beijing on December 11th and 12th. The meeting analyzed the current economic situation and deployed economic work in 2025. Lu Zhe, chief economist of soochow securities, believes that the contents of the meeting will face the adverse changes and influences of the internal and external economic environment directly, with more emphasis on the orientation of policy consistency, and policy coordination will be more important next year. Next year, the strength of macro-policies will be significantly increased, and more concrete and operable policy measures will be introduced, which will provide a strong guarantee for the economy to tide over difficulties in the short term and deepen long-term reforms. Lu Zhe said that the Central Economic Work Conference regards "stabilizing the stock market and the property market" as the basic premise of steady growth, which on the one hand shows that the policy pays more attention to the capital market, and on the other hand shows that stabilizing the capital market and the real estate market is an important working means to boost confidence and enhance expectations. Judging from the key work arrangement of the meeting, the combination of "moderately loose monetary policy" and "more active fiscal policy" and the extraordinary countercyclical adjustment are expected to stabilize the economic fundamentals, provide more macro liquidity for the market, and guide the confidence stability and profit recovery of the capital market. (SSE)Hong Kong's IPO is expected to return to the top three in the world next year, and signs of recovery of Hong Kong's IPO are beginning to appear this year: Hong Kong's capital market has ushered in a strong wave of "listing in Hong Kong", from upstarts such as Horizon to giants such as Midea, SF Express, Hengrui, Haitian and Mao Geping, and many mainland enterprises have turned their attention to Hong Kong. Some institutions predict that Hong Kong is expected to return to the fourth place in global IPO financing this year and the top three in the world in 2025. "When I was in Hong Kong, I might have to see three or five companies a day. This is no exaggeration." Chen Yiting, chief executive of the Hong Kong Stock Exchange, said in an interview recently that "many market participants and investment bankers are quite optimistic about Hong Kong's IPO market in 2025." (Securities Times)

Suspected of misleading investors and being accused of bundling sales, NVIDIA is frequently involved in anti-monopoly investigations around the world. After China filed an anti-monopoly investigation against NVIDIA a few days ago, on the 12th, this artificial intelligence chip manufacturing giant was once again involved in the judicial turmoil. The US Supreme Court allowed investors to file a class action lawsuit against chipmaker NVIDIA, and rejected NVIDIA's appeal. This is the latest judicial dispute that NVIDIA has fallen into since the French, European Union and China launched an "anti-monopoly investigation" against NVIDIA.Tianmao Group: The premium income of Guohua Life Insurance in 2024 was about 32.694 billion yuan. Tianmao Group announced that the accumulated original insurance premium income of Guohua Life Insurance Co., Ltd., a holding subsidiary of the company, was about 32.694 billion yuan from January 1, 2024 to November 30, 2024. The above-mentioned original insurance premium income data has not been audited.Goldman Sachs Asset Management announced the liquidation of three exchange-traded funds.