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China, a huge Hong Kong stock market, once rose over 80%.Wang Tao, UBS: It is expected that the Central Economic Work Conference will focus on the short-term policy package. Recently, the market highly expects the Central Economic Work Conference to guide the high-quality economic development of China next year. Wang Tao, head of Asian economic research at UBS and chief China economist, said: "I expect that the Central Economic Work Conference may focus on the short-term policy package in 2025 and 2026, but it will also emphasize accelerating some reform measures already outlined at the Third Plenary Session." Wang Tao believes that the next important reform measures may include providing better protection and access for the private economy, deepening the reform of state-owned enterprises to improve efficiency and governance, promoting household registration reform to improve the welfare of migrant workers, strengthening the social security network, and carrying out fiscal and taxation reforms to solve local fiscal revenue problems. "I think structural, deeper and faster reforms will be very important, not only to attract foreign investment, but also to boost domestic confidence." (China Daily)Australia's S&P/ASX200 index closed down 39.40 points, or 0.47%, at 8353.60 points on Wednesday, December 11th.

The first anniversary of the opening of "Yangtze River Train": 1,834 trains were opened, with 2.44 million tons of cargo transported. At 11: 00 am on December 11th, the 1799th and 1800th "Yangtze River Train" in 2024 respectively departed from Xianglushan Station in Wuhan and Chengxiang Station in Qingbaijiang, Chengdu, completing the annual opening task 20 days ahead of schedule. Up to now, the "Yangtze River Train" has operated 1834 trains and transported 2.44 million tons of goods. (Red Star News)The first batch of four local standards for the integration of vehicles and Lu Yun in Beijing were released. Recently, in order to boost the expansion of Beijing's high-level autonomous driving demonstration zone, based on the Guide for the Construction of National Vehicle Networking Industry Standard System and the practical experience in the construction of Beijing's high-level autonomous driving demonstration zone, Beijing released the first batch of four local standards for the integration of vehicles and Lu Yun, and more than 30 representative enterprises participated extensively. Up to now, Beijing High-level Autopilot Demonstration Zone has promoted 70 standards research, and Beijing has issued 9 local standards related to autopilot. The 9 local standards under study are expected to be released and implemented within this year and next.Burger King China: In November this year, the number of passengers turned positive year-on-year, and the sales in October increased by about 5% month-on-month. On December 11th, the relevant person in charge of Burger King China told reporters, "Since the government issued a package of incremental policies at the end of September, many chain catering enterprises including Burger King have felt the stabilization and recovery of the catering consumption market since October this year. Especially in the past November, Burger King has achieved a positive year-on-year passenger flow. " The aforementioned person in charge pointed out, "From the sales data, in the past six years, our sales in October were almost the same as that in September. However, in October this year, the sales of Burger King China rebounded from September, increasing by about 5%. " (The Paper)

The decline of treasury bonds futures narrowed in the afternoon, with the 30-year main contract falling by 0.05%, the 10-year main contract falling by 0.06%, the 5-year main contract falling by 0.08% and the 2-year main contract falling by 0.04%.Bain raised its offer for Fuji Software to 9,600 yen per share.With nearly 200,000 closures a year, the tea shop has become a "black hole" for entrepreneurship. According to Hongcan. com, in the first half of the year, the news that Xie Yao, the founder of online celebrity milk tea brand "Yuanzhen", set up a stall to sell milk tea sparked heated discussions. The data shows that from November last year to November this year, as many as 197,000 tea shops have closed down. In this wave of closure, there are not only the first-line and quasi-first-line brands and thousands of franchisees who used to shout for thousands of stores, but also many entrepreneurs who flocked to the milk tea track driven by the entrepreneurial tide.