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Huadong Pharmaceutical has established a new company in Jiaxing with a registered capital of 60 million yuan. According to Tianyancha App, Huadong Pharmaceutical (Jiaxing) Co., Ltd. was recently established with Zhu Li as its legal representative and a registered capital of 60 million yuan. Its business scope includes drug wholesale, drug retail, decoction service for Chinese herbal pieces, third-class medical device operation, drug Internet information service, drug import and export, third-class medical device rental and medical device Internet information service. According to shareholder information, the company is wholly owned by Huadong Pharmaceutical (000963).The Nikkei 225 index just broke through the 39,900.00 mark, and the latest report was 39,899.07, up 1.34% in the day.The Polish minister said that Poland hopes that more countries will participate in Baltic policing, the EU must spend at least 100 billion euros on national defense, and the conditions for sending Polish MIG -29 fighters to Ukraine have not been met.

India imported 841,993 tons of palm oil in November, compared with 845,682 tons in October.Hong Kong Stock Exchange: Before the end of 2025, the system will be technically compatible with the T+1 settlement cycle. The Hong Kong Stock Exchange announced on December 12 that it will launch a plan to improve the post-trading service of the stock spot market. Starting from mid-2025, the Hong Kong Stock Exchange will gradually introduce new post-trading functions on its OCP. The new functions include automatic report downloading and information exchange, real-time transmission and processing of transaction data, related positions and reference data, and real-time delivery instruction pairing. As part of the whole platform upgrade plan, HKEx will ensure that its system is technically compatible with the T+1 settlement cycle by the end of 2025. However, what kind of settlement cycle will be adopted in Hong Kong in the future will be decided after market discussion.China Merchants Securities: Hisense's household appliances are obviously underestimated, and the safety cushion is thick, and it is rated as "strongly recommended". China Merchants Securities Research Report pointed out that the growth rate of Hisense's household appliances (000921.SZ) slowed down, showing the first year-on-year decline in nine quarters since 22Q3, and the market confidence was weak. The company is obviously underestimated, and the safety mat is thick. Looking horizontally, in 2025, the valuations of Hisense, Midea and Haier will be 10/13/13 times; Historically, the company's share price has been deeply adjusted since May this year, and the current valuation is at a lower level since the 22-year reform. Referring to the global valuation system, the steady-state PE hub of johnson controls/Carrier/Trane is 30/25/20 times, which is higher than the valuation of white power enterprises represented by Whirlpool and Electrolux. Hisense household appliances, as the standard of A-share central air conditioning, should enjoy a higher valuation than white power companies. The improvement of the company's bottom management promotes efficiency and cost reduction+the global operation competitiveness is constantly strengthened+the company's leading position is stable under the background of domestic substitution of central air conditioning, and it continues to be firmly optimistic about the company. It is estimated that the company's revenue will increase by +8%, +9% and +10% from 2024 to 2026, and its performance will increase by +15%, +14% and +16% respectively. Give a "strongly recommended" rating.

Jilin: Set up an investment fund of 1 billion yuan to guide the ice and snow industry. According to the news of "Jilin Publishing" WeChat WeChat official account on December 12, recently, the General Office of Jilin Provincial Party Committee and the General Office of the provincial government issued the "Implementation Opinions on Promoting the High-quality Development of Ice and Snow Economy in Jilin Province". Sun Guangzhi, director of Jilin Provincial Department of Culture and Tourism, said that the "Implementation Opinions" focused on the ice and snow equipment industry. Industry-University-Research will be promoted to tackle key problems through collaboration, and breakthroughs will be made in key technologies of ice and snow. Build an ice and snow equipment industrial park, introduce advanced ice and snow equipment projects, and improve the ice and snow equipment industrial chain in Jilin Province. Through "one-on-one" accurate counseling, we will cultivate "specialized and innovative" enterprises of ice and snow equipment. Plan to set up large-scale ice and snow equipment maintenance companies such as ropeways, cable cars and snow presses to provide market-oriented services for snow rinks and ice rinks. Focus on improving the security system of ice and snow economic factors. Relying on the universities in the province, we will build 10 first-class majors such as ice and snow sports and ice and snow economy, build 10 modern industrial colleges in the field of ice and snow, and build a perfect training system for ice and snow professionals. Increase financial support, set up an investment fund of 1 billion yuan to guide the ice and snow industry, and co-ordinate various financial funds to support the ice and snow economy of 500 million yuan. Establish a financial aid mechanism to guide social capital to invest in ice and snow projects. Innovate industrial support policies and strengthen the protection of factors such as land for ice and snow projects.India imported 841,993 tons of palm oil in November, compared with 845,682 tons in October.After the emergency martial law storm, South Korea's financial industry suffered successively. After the emergency martial law storm in South Korea, South Korea's financial industry suffered successively, and the stock market fluctuated obviously. This week, it began to rebound slightly. South Korean media pointed out that the uncertainty of South Korea's political situation may put its international reputation under downward pressure. South Korea's Deputy Prime Minister and Minister of Planning and Finance, Choe Sang-mu, held an "emergency macroeconomic and financial symposium" on the 10th to discuss the dynamics of the financial and foreign exchange markets and the countermeasures. According to South Korea's Chosun Ilbo reported on the 9th, after the emergency martial law storm, the total market value of South Korea's stock market evaporated by 58 trillion won within three days, and more than 400 billion US dollars of foreign exchange reserves were also threatened. As the political struggle of "impeaching the president" continues, not only finance, but also retail, alcohol, real estate, semiconductor export and other aspects of the Korean economy have also felt the chill. South Korean media believe that if financial instability and the stagnation of the real economy, the economy may fall into crisis sharply. According to the "Foreign Securities Investment Trends in November" released by the Korea Financial Supervisory Authority on the 10th, foreign investors sold 4.154 trillion won in the Korean securities market last month and sold Korean shares for four consecutive months. South Korea's "Asia Daily" said on the 10th that as South Korea re-entered the presidential impeachment time, the uncertainty intensified, and it is expected that the net selling behavior of foreign investors will continue. Although South Korea's stock market rebounded on the 10th, the uncertainty of the political situation put its international reputation under downward pressure. South Korea's Chosun Ilbo published a commentary on the 10th, saying that Fitch and Moody's, among the world's three major credit rating agencies, have successively warned that if the storm after martial law is prolonged, South Korea's national credit rating may be negatively affected. (CCTV)