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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.Cyrus weakened in the afternoon, falling more than 5% in intraday trading, with turnover exceeding 9.1 billion yuan. 

Before the passenger flow resumed, the number of entry-exit passengers at Shanghai Port increased by 91.3% in November. According to the news released by Pudong, from January to November this year, Shanghai Border Inspection Station inspected 247,000 vehicles (ships) at Shanghai Port, and inspected more than 33.1 million passengers, up by 43.6% and 91.3% respectively compared with the same period of last year. Since last year, with the introduction and restoration of various visa-free policies, the degree of entry and exit facilitation has been continuously improved. Up to now, China has implemented a unilateral visa-free policy for 38 countries and achieved a comprehensive visa-free policy with 25 countries.The official responded to the fire in Alibaba's cloud computing data center. On December 9, some netizens released a video saying that there was a fire in Alibaba's cloud database in Yuancheng District, Heyuan, Guangdong Province, and a raging fire was lit at the scene, and smoke was rolling. The video publisher said that the fire broke out on the afternoon of the 9th, and hundreds of people escaped. The reporter called the customer service staff in Alibaba Cloud, and the customer service said that the relevant failure notice and fire situation had not been received at present. Subsequently, the reporter from the urban scene called the Propaganda Department of Yuancheng District Committee of Heyuan City, Guangdong Province. The staff of the Propaganda Department confirmed this to the reporter. The staff told the reporter that the fire broke out in the jurisdiction of Yuannan Town. Yesterday (9 th) at around 3 pm, the fire was extinguished. There were no casualties at the scene. (urban scene)Flush turnover reached 10 billion yuan, up 1.63% now, and rose over 10% at the opening.

 It is reported that Samsung's electronic chip foundry division has increased the 4nm yield to nearly 70%, and Han Zhenwan, head of the chip foundry business, said that it will greatly improve the 2nm process yield. (Digtimes)FTSE China A50 index futures fell to 3.5%.