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The IMF believes that Asian economies are resilient enough to withstand the test of turmoil. Economists of the International Monetary Fund (IMF) say that Asian economies are resilient enough to withstand the test of turmoil, emphasizing the importance of calmly coping with turmoil when the region faces various internal risks and challenges brought by Trump's return to the White House. Asia is still the key engine of global economic growth, but uncertainty caused by many factors has increased this year. The unexpected leadership change in Japan, the chaotic martial law storm in South Korea and Trump's tariff threat all make the future of the region even more unpredictable. Alasdair Scott, head of the Asia-Pacific Department of the IMF, declined to comment on specific countries and political situations, but he emphasized the resilience of Asia and said that the region still has great growth potential.A residential land in Yiwu, Zhejiang Province was sold in 53 rounds of bidding, with a premium rate of 23.42%. On December 10th, Yiwu City, Zhejiang Province welcomed another residential land for sale, which was named as Qintang Hub Station Plot I, located in Choucheng Street, with a land area of 63,440.94 square meters and a plot ratio of 1.01 million yuan, equivalent to the initial price of 1,152.72 million yuan.Morgan Stanley published a research report, predicting that Chow Tai Fook's share price will outperform the market index in the same period in the next 30 days with a 70% to 80% chance, pointing out that Politburo meeting of the Chinese Communist Party revealed a strong stimulus policy tone yesterday, indicating that it is necessary to expand domestic demand, and called for supporting measures for housing and stock market stability, hoping for stable asset prices, which will have a positive impact on gold and jewelry consumption. The bank also pointed out that December of each year to February of the following year is usually the traditional peak season for jewelry sales, and Chow Tai Fook's share price has fallen by about 40% this year, which is inferior to the performance of MSCI China Index and Hang Seng Index in the same period. It is expected that the strength and implementation details of the central government's stimulus measures, the pace of inflation and the stability of gold prices in the future will affect whether the company's valuation can be revalued in the market and maintain its "in sync with the market" rating, with a target price of HK$ 8.3.

OpenAI has made a big profit, and institutions have increased their positions in four high-growth potential stocks. According to data treasure, on December 10th, OpenAI officially opened the artificial intelligence video generation model Sora to users, and it has been 10 months since the first public preview of the product. At the same time, the company announced the launch of a new version of Sora, Sora Turbo, saying that it is significantly faster than the version previewed in February. In early trading today, AIGC concept stocks broke out, and Shensi Electronics and Worth Buying all recorded a 20cm daily limit. According to data treasure statistics, as of December 9, there were nearly 200 concept stocks involving AIGC, and the total market value of A shares was close to 3 trillion yuan. Since the beginning of this year, the cumulative increase of 12 concept stocks has doubled, including Doushen Education, PricewaterhouseCoopers, An Shuo Information, Fushi Holdings and Bestak. The cumulative increase of Doushen Education was 279.64%, ranking first. At the same time, according to the unanimous prediction of more than five institutions, there are 11 AIGC concept stocks whose net profit growth rate is expected to exceed 20% from 2024 to 2026.Sichuan Luqiao established a new building materials company, and the enterprise search APP showed that recently, Sichuan Jiaojian Building Materials Co., Ltd. was established, with Qu Hong as the legal representative and a registered capital of 5 million yuan. Its business scope includes: sales of building materials; Non-metallic minerals and products sales; Manufacturing of nonmetallic mineral products; Metal ore sales, etc. Enterprise survey shows that the company is indirectly wholly-owned by Sichuan Luqiao.Sources: Boeing restarted the production of 737 MAX last week. Sources said that about one month after the strike ended, Boeing restarted the production of 737 MAX aircraft last week.

Australian Treasury Secretary chalmers: We will hold consultations with the Shadow Minister on the composition of the new Reserve Bank of Australia. Substantial progress has been made in fighting inflation.Research Report: In the third quarter, the installed capacity of traction inverters for electric vehicles in China accounted for 61% of the world. According to the latest research of TrendForce Jibang Consulting, the total installed capacity of traction inverters for electric vehicles in the third quarter of 2024 reached 6.87 million, which was 7% higher than that in the same period last year, but the growth rate has been reduced. In the competition pattern of first-class suppliers, BYD benefited from the hot sales of its models. In the third quarter, the installed market share of traction inverter increased by 1% to 18%, surpassing Denso of Japanese factory for the first time and becoming the company with the highest market share. The market share of Huichuan Technology has also increased to 6%, which shows that the competitiveness of China manufacturers in this field continues to increase. Generally speaking, China manufacturers, Japanese manufacturers and Tesla together account for half of the global installed capacity, while the influence of European and American manufacturers is gradually weakening. TrendForce Jibang Consulting indicated that the regional differentiation of traction inverters is becoming more and more obvious, with the installed capacity in China accounting for 61% of the global total. Under the pressure of shrinking market, Europe is actively reforming and cutting expenditure to enhance the competitiveness of the electric vehicle industry chain. In the short term, the stable demand in China market will continue to support the growth of traction inverter market. In the long run, if the European automobile industry chain can be successfully reformed, it will help boost the overall performance of the global traction inverter and electric vehicle market.Baiao Intelligent: Cancel the absorption and merger of wholly-owned subsidiaries. Baiao Intelligent announced on December 10 that the company intends to cancel the absorption and merger of wholly-owned subsidiaries Kunshan Baisente Materials and Materials Co., Ltd. and Kunshan Baiao Intelligent Logistics Co., Ltd. in consideration of the actual operation and business development plan of the company. This termination will not lead to changes in the scope of the company's merger, the actual rights and interests held by the company will not change, it will not adversely affect the company's production and operation, and there will be no harm to the interests of the company and shareholders.