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The Taiwan Affairs Office of the State Council introduced the situation of the 2024 Shanghai-Taipei Twin Cities Forum. The Taiwan Affairs Office held a regular press conference. Spokesperson Zhu Fenglian said that it is understood that the 2024 Shanghai-Taipei Urban Forum will be held in Taipei on December 17, and Shanghai will send a delegation to Taiwan to attend the forum. With the theme of "Smart Governance for a Sustainable Future", the forum will promote the interactive exchanges between the two cities in terms of friendly transportation, river governance and humanistic cities. During the forum, the two cities will also sign a memorandum on exchanges and cooperation. We hope the forum will be successful.Liu Yi, the former secretary-general of the Chinese Football Association, was sentenced to 11 years' imprisonment in the first instance. According to Xianning Intermediate People's Court, on the morning of December 11, the Intermediate People's Court of Xianning City, Hubei Province publicly pronounced the case of accepting bribes by Liu Yi, the former deputy head of the preparatory group for the change of the Chinese Football Association and the former secretary-general of the Chinese Football Association. The defendant Liu Yi was sentenced to 11 years' imprisonment for accepting bribes and fined RMB 3.6 million. The property obtained from bribery shall be recovered according to law and turned over to the state treasury, and the insufficient part shall continue to be recovered.A court in Hong Kong dismissed the liquidation case against Territorial Holdings, and a court in Hong Kong dismissed the liquidation case after the petition against Territorial Holdings, a real estate developer in China, was revoked. Our headquarters finance group withdrew the petition, and the debts and expenses have been settled. The liquidation petition was filed in September, involving an outstanding sum of HK$ 275,633.29. (Interface News)

Shell Tianjin Investment Co., Ltd. increased its capital to 600 million US dollars. Tianyancha App shows that recently, Shell Tianjin Investment Co., Ltd. has undergone industrial and commercial changes, and its registered capital has increased from 550 million US dollars to 600 million US dollars. The company was established in September 2018, and its legal representative is Peng Yongdong, which is wholly owned by Hongkong Enjoying International Limited.In response to the US request for TSMC's advanced manufacturing process to be moved to the United States, Taiwan Affairs Office spokeswoman Zhu Fenglian said: TSMC has become a "warlords" for the Democratic Progressive Party authorities to please the United States. As the public opinion on the island has said, it is only a matter of time before the Democratic Progressive Party authorities are determined to "rely on the United States for independence" and TSMC becomes a "United States product". If the Democratic Progressive Party authorities are allowed to "sell Taiwan" without a bottom line, the advantages of related industries in Taiwan Province will be weakened, and the interests of enterprises and people on the island will be harmed. When the use value of Taiwan Province is drained, the "chess pieces" will become "abandoned children", and the enterprises and people on the island will see this more and more clearly. It should be pointed out that many Taiwan Province enterprises have developed rapidly by participating in cross-strait cooperation, which fully proves that the right way is for the two sides to work together to expand the Chinese national economy.Guotai Junan expects Hong Kong stocks to fluctuate upward in an N-shaped pattern next year to explore domestic demand and improve investment opportunities. Chen Ximiao, chief analyst of Guotai Junan's overseas strategy, said that looking forward to 2025, the disturbance factors in the Hong Kong stock market from the external environment will continue, and the pace of interest rate cuts by the Federal Reserve under overseas inflation, policy restrictions in areas such as strong US dollar and tariffs, and game friction among big countries will continue. However, the domestic policy thinking is clear, economic expectations are expected to stabilize under the financial impetus, and the profitability of molecular enterprises will improve, and the industrial chain will be able to cope with it. She said that in 2025, the sensitivity of the Hong Kong stock market to external shocks is expected to decline, and more attention should be paid to returning to its own logic. For the trend of Hong Kong stocks in 2025, it is expected to be dominated by the upward pattern of N-shaped shocks, and there are many opportunities for flexibility during the stage. In 2025, we should still actively look for the structure, and focus on the barbell strategy to shift the weight of the two ends. We need to pay more attention to the configuration rhythm and pay attention to the repair opportunities of some domestic products.

JPMorgan Chase: The momentum of Xiaomi's electric vehicle will continue to be rated as "overweight". According to a research report published by JPMorgan Chase, Xiaomi Group announced that it will launch the second electric vehicle named Xiaomi Yuqi in the middle of next year, which is an SUV model. The product portfolio of electric vehicle business continues to expand, reflecting that the Group's ability to enter the electric vehicle market is better than market expectations. The delivery target of Xiaomi SU7, the first electric vehicle, has also been raised twice, and the gross profit margin of electric vehicle business has reached a medium-high level in the first two quarters, far exceeding the initial market expectation and only recorded a slight gross profit margin. Motong said that at present, we are waiting for the Group to announce more details about the new car's life, pricing and battery. We believe that the strong sales momentum of SU7, the profitability of the Group's core business and electric vehicle business, and the expectation that new models will be launched in the second half of next year will continue to promote the stock price in the next 6 to 12 months. The positive catalysts in the future include more details or pricing of YU7, further expansion of electric vehicle production capacity, exceeding expectations in core business performance, and large-scale and national consumption stimulus measures introduced by the country in the future.The Taiwan Affairs Office of the State Council refutes Lai Qingde's fallacy of so-called transit to the United States. CGTN reporter from the Central Radio and Television General Station: Lai Qingde falsely claimed that "the biggest challenge at present is the threat of China" when he transited to Hawaii in the United States a few days ago. What's your comment on Taiwan Province's future development plan and threatened to "strengthen its national defense forces"? Zhu Fenglian, spokesperson of the Taiwan Affairs Office of the State Council, said: We resolutely oppose any form of official exchanges between the United States and Taiwan, and resolutely oppose the "transit" of Taiwan Province leaders to the United States under any name and for any reason. Lai Qingde's so-called "transit" is essentially "seeking independence by relying on foreign countries", trying to mislead international public opinion and people on the island by peddling its "Taiwan independence" proposition. At present, the biggest challenge in cross-strait relations is that the Democratic Progressive Party authorities stubbornly adhere to the "Taiwan independence" stance, link up with external forces to frequently provoke "independence" and tie Taiwan Province to the "Taiwan independence" chariot. We are telling the Democratic Progressive Party authorities to give up the illusion of "seeking independence by force" and "seeking independence by relying on foreign countries" at an early date and stop the "Taiwan independence" separatist activities. Only by returning to the "1992 Consensus" which embodies the one-China principle can cross-strait relations return to the correct track of peaceful development and the development future of Taiwan Province be effectively guaranteed.The speaker of South Korea's National Assembly called for an investigation into martial law.