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International Air Transport Association predicts that the global aviation industry will achieve a profit of 36.6 billion US dollars in 2025, higher than 31.5 billion US dollars in 2024.The field turnover of the 20th Changsha International Auto Show exceeded 5 billion yuan, and the 20th China (Changsha) International Automobile Expo (referred to as "Changsha International Auto Show") closed on December 9th. According to the latest data released by the organizing Committee on the 10th, the on-site turnover was 21,810 units, with the on-site turnover reaching 5.029 billion yuan. (China News Network)Chongqing Water Group: It plans to participate in the selection and selection of special technical best service for a water enterprise cooperation project in Henan Province, and the e-commerce platform of Chongqing Water Group issued the Project Announcement of Special Technical Best Service for a water enterprise cooperation project in Henan Province. The candidate is Chongqing Water Group Public Works Consulting Co., Ltd.. The candidate is assisting Chongqing Water Group to participate in a water enterprise cooperation project in Henan Province, which is located in a city in Henan Province and involves two tasks. Task 1: The assets involve the water supply assets and related assets of two companies, and the design scale is about 200,000 tons/day. Job 2: The assets involve four sewage treatment plants (with a design scale of 160,000 tons/day) and two water supply plants (with a design scale of 30,000 tons/day) under a certain group.

Lishang Guochao: The controlling shareholder plans to increase its shareholding by 1.00% to 2.00%. Lishang Guochao announced that Yuanming Holdings, the controlling shareholder of the company, plans to increase its shareholding by centralized bidding through the trading system of Shanghai Stock Exchange from the disclosure date of the announcement to November 25, 2025. The number of holdings is not less than 1.00% of the company's current total share capital, namely 7,613,400 shares; Not more than 2.00% of the company's current total share capital, that is, 15,226,700 shares; The total increase in holdings is not higher than 76.13 million yuan. There is no fixed price or price range for the overweight price, and it will be implemented according to the reasonable judgment of the company's stock value and the capital market situation. There may be risks of delayed implementation or failure to complete the plan due to changes in the capital market and other factors.Beijing Securities Regulatory Bureau: issued a warning letter to Yu Shunkun, an independent director of China Resources Shuanghe. On December 10th, the website of Beijing Securities Regulatory Bureau issued a decision on issuing a warning letter to Yu Shunkun. After investigation, during his tenure as an independent director of China Resources Shuanghe, Yu Shunkun bought 10,000 shares of China Resources Shuanghe from July 15th, 2024 to July 19th, 2024, with a transaction amount of 174 400 yuan, and sold them. The above acts violated the provisions of Article 44 of the Securities Law. According to the provisions of Article 170 of the Securities Law, the Beijing Securities Regulatory Bureau decided to take administrative supervision measures to issue a warning letter to Yu Shunkun.Jin Chengxin: It is planned to buy 51% equity of Terra Mining Pty Ltd in Australia for A $1. Jin Chengxin announced that the company plans to buy 51% equity of Terra Mining Pty Ltd in Australia for A $1. Terra Mining is mainly engaged in open-pit mine drilling, blasting, loading, transportation, crushing and mining design and development. If this transaction is successfully completed, Terra Mining will become a holding subsidiary of the company. This transaction does not constitute a major asset restructuring and is not a related party transaction. The transaction has fulfilled the company's internal decision-making procedures and does not need to be submitted to the board of directors or shareholders' meeting for consideration. The transaction still needs to be approved or filed by the government department or its authorized relevant department.

Huatai Securities: The target price of Yum! China was raised to HK$ 472.48, and the "Buy" rating was maintained.Russian State Duma official: Russia will carry out relevant work on the issue of military bases in Syria. Andrei Kartapolov, chairman of the National Defense Committee of the Russian State Duma (lower house of parliament), said in an interview with the media that the agreement between Russia and Syria on Russian military bases in Syria was signed in 2017. According to its content, the Russian military base can operate in Syria for 49 years. He pointed out that the new Syrian leadership should consider this bilateral document. Experts from the Russian Ministry of Foreign Affairs will carry out relevant work on this matter. At this stage, the Ministry of National Defense is still unable to express its position on the base issue. At present, the Russian troops stationed in Syria continue to perform their tasks.Citic Lyon: We are optimistic about the cross-border capital flow and IPO recovery of the Hong Kong Stock Exchange, but we should pay attention to the fluctuation of H shares of Chinese brokers. Citic Lyon issued a report saying that we are optimistic about the cross-border capital flow and IPO recovery of the Hong Kong Stock Exchange (00388.HK), and noted that china galaxy (06881.HK) is highly sensitive to the transaction costs of A-share securities. Citic Lyon expects that the A-share trading volume will remain stable in 2025 with the support of favorable liquidity, ETF growth and structural shift of household balance sheets to financial assets, but the bank reminds investors to pay attention to the recent excessive fluctuation risk of H-share brokers.