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Lingang Group and Cisco signed a memorandum of cooperation to build an intelligent AI+ ecosystem. According to Shanghai Lingang News, Lingang Group and Cisco China signed a memorandum of cooperation on December 11th, and both parties will work together to build an intelligent AI+ ecosystem. Lingang Group will empower Cisco to enhance the core competitiveness and market-oriented application of its core AI products through projects in the fields of AI+ intelligent computing scenarios, vehicle network collaboration and smart travel in industrial zones, and will support Cisco to promote the digital transformation and continuous iteration of industrial zones. Cisco will fully participate in the construction of the AI innovation platform in the industrial zone, help the industrial zone to cultivate and build a digital industry team, and provide all-round assistance for the digital development of the industrial zone.Ye Fan, Southwest Securities: In 2025, the upward trend of domestic economy will continue, and it is estimated that the annual RRR will be lowered by about 100bp. The Central Economic Work Conference will be held in Beijing from December 11th to 12th. Ye Fan, chief economist of Southwest Securities, said that in 2025, the domestic economy will continue to stabilize and upward under the policy. From the structural point of view, infrastructure and manufacturing investment are expected to remain the main support items for domestic investment next year, and the decline in real estate investment will gradually narrow; Domestic demand is expected to play a stronger role in stimulating the economy than external demand, and domestic residents' consumption is expected to continue to pick up under the policy. Regarding the direction of fiscal and monetary policies, Ye Fan predicted that the issuance scale of ultra-long-term special government bonds will be around 1.5 trillion -2 trillion yuan in 2025, and it will continue to support the "dual" areas. In the first half of next year or the peak of government bond issuance, there may be a RRR cut for hedging. It is estimated that the RRR cut will be about 100bp for the whole year, and the interest rate cut will be decided by camera. The interest rate cut of 25bp-40bp may be promoted step by step.Bai Zhongen: Under special circumstances, short-term breakthrough in deficit and debt may help solve long-term problems. Bai Zhongen, president of Tsinghua University Institute of Economics and Management and vice chairman of the All-China Federation of Industry and Commerce, said that in the understanding and implementation of policies, there are sometimes some stereotypes, which make us bound by these stereotypes. Breaking these constraints is very important for our policy understanding and policy implementation. The first mindset is that it will bring moral hazard if the central government helps local governments pay their debts. The second mindset, in the past, some people insisted that the deficit should not exceed a certain proportion and the debt should not exceed a certain proportion. He bluntly said that the upper limit of debt and deficit also depends on short-term and long-term. In the long run, we can't have too many deficits and too many debts. Therefore, when we encounter special circumstances in the short term, we should allow the deficit and debt to exceed a certain ratio.

Guangdong: In the next five years, 10 billion yuan will be invested to support the development of the tourism industry. On December 12th, a site meeting was held to promote the implementation of the spirit of the provincial tourism development conference in Guangdong. The meeting proposed to promote the implementation of the "three hundred" plan for cultural tourism investment, that is, to promote 100 major projects under construction and 100 key investment projects, to coordinate provincial financial investment of 10 billion yuan to support the development of tourism industry in the next five years, and to accelerate the implementation of the list of 100 major projects under construction and 100 key investment projects.Midea Group increased its capital to 7.66 billion yuan. According to Tianyancha App, Midea Group (000333) has undergone industrial and commercial changes, and its registered capital has increased from about 6.98 billion yuan to about 7.66 billion yuan. Midea Group Co., Ltd. was established in April 2000, and its legal representative is Fang Hongbo. Its business scope includes the production and operation of household appliances, motors and their parts, etc. Midea Holdings Limited, Hong Kong Securities Clearing Company Limited and China Securities Finance Co., Ltd. jointly hold shares.Xiangyang, Hubei Province: Ten years after retirement, the loan amount was raised to 800,000 yuan. According to the news of "Voice of Xiangyang" on WeChat WeChat official account, recently, seven departments, including the Housing and Urban Renewal Bureau of Xiangyang City, Hubei Province, jointly issued "Several Measures for Continuously Promoting the Stable and Healthy Development of the Real Estate Market in the Central City" to promote the stable and healthy development of the real estate market in our city. This measure will be implemented as of December 10, 2024. The notice stipulates that the support of housing provident fund should be increased, and the maximum loan amount of housing provident fund should be raised to 800,000 yuan; For new citizens, young people, teachers, medical staff, families with many children, high-level talents to buy new commercial housing and "trade-in" and other housing provident funds, the maximum loan amount can be increased by 20% on the basis of the maximum amount. For those who buy high-quality houses and prefabricated houses, they can rise by 10% on the above basis. Deposited employees have been paid in full for five consecutive years, and the loan period can be extended to 10 years after retirement, and the longest loan period shall not exceed 30 years. Flexible employees who have paid the housing provident fund in full for more than 6 months (inclusive) may apply for housing provident fund loans.

CICC: Gradually filling the gap between inflation and demand will be the direction of economic work next year. The Central Economic Work Conference will be held in Beijing from December 11th to 12th. The research department of CICC believes that for the economic goal of next year, after "maintaining stable economic growth", the meeting proposed to "maintain overall stability in employment and prices" and put forward "focusing on goal guidance and striving to achieve an optimal combination of stable growth, stable employment and reasonable price recovery". This is the first time in the past 15 years that "stabilizing prices" has been taken as the goal of annual economic work during the period of low prices. The research department of CICC believes that gradually bridging the inflation gap and demand gap will be the direction of economic work next year.ST Mo Long and other materials companies have set up sales business of renewable resources. The enterprise search APP shows that recently, Shandong Cangyuan Materials Co., Ltd. was established, with Liu Shuai as the legal representative and a registered capital of 5 million yuan. Its business scope includes: sales of machinery and equipment; Sales of coal and products; Sales of renewable resources; Import and export agents, etc. Enterprise equity penetration shows that the company is jointly held by ST Mo Long and others.District 9 of Beijing issued a gale warning. At present, Huairou, Yanqing, Changping, Haidian, Mentougou, Fangshan, Chaoyang, Pinggu and Shijingshan have issued a blue gale warning signal. Today, the wind-cold effect is obvious, and the body feels cold. We should pay attention to wind and cold protection, and stay away from temporary structures such as billboards and tall trees, and do a good job in outdoor aerial work.