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Xue Hongyan, Vice President of Xingtu Financial Research Institute: Stabilizing the stock market means stabilizing expectations and confidence. The Central Economic Work Conference was held in Beijing from December 11th to 12th. Why is the central government proposing to "stabilize the stock market" at this time node? What are the considerations behind it? Xue Hongyan, vice president of Xingtu Finance Research Institute, pointed out that the stock market is a barometer of the economy, and its ups and downs reflect the social expectation of the economic development prospects. In this sense, stabilizing the stock market will help to better form a positive and optimistic situation for development. Since the "924" policy shift, the A-share market has ushered in a round of surge, and the bull market has been widely discussed at the social level, which has effectively boosted market confidence. Therefore, in a sense, stabilizing the stock market means stabilizing expectations and confidence. The meeting proposed to deepen the comprehensive reform of investment and financing in the capital market. What is the internal relationship between this and "stabilizing the stock market", and how should the next step of "deepening the comprehensive reform of investment and financing in the capital market" be exerted? Xue Hongyan said that the value of the capital market is mainly reflected in two aspects: one is to serve the high-quality development of the real economy with financing function, and the other is to let investors share more fruits of economic development with investment function, which are mutually causal and indispensable. Xue Hongyan believes that this round of capital market reform, emphasizing on vigorously guiding medium and long-term funds to enter the market, opening up the blocking points of social security, insurance, wealth management and other funds to enter the market, and emphasizing the protection of the interests of small and medium-sized investors, will help fundamentally improve the capital supply and demand structure and micro-ecology, and lay a solid foundation for the long-term cattle market. (The country is a through train)Russia said it would not make concessions on the Ukrainian issue and hoped to make contact with the US. Russian Foreign Ministry spokesman Zacharova said at a regular press conference on the 11th local time that Russia would not make concessions on the Ukrainian issue in response to the negotiation proposal put forward by US President-elect Trump on the 8th, and hoped to make contact with the US, but so far it has not received any "serious suggestions" from the team of US President-elect Trump. Zacharova also said that the recent statement of Ukrainian President Zelensky showed that "achieving peace is not a priority for Ukraine". Zelensky reiterated a few days ago that Uzbekistan will not sign any kind of peace agreement without security guarantee.Market News: Trump Group plans to cooperate with DAR GLOBAL to build Trump Tower in Riyadh, Saudi Arabia.

Zhongyin Fashion: Zhongyin Group, the controlling shareholder, intends to transfer some shares of the company by agreement. Zhongyin Fashion announced that Zhongyin Group, the controlling shareholder of the company, intends to transfer 12,024,000 shares of the company's unrestricted shares to Wenwen Fund and Jinhe Investment by agreement transfer. The transferred shares each account for 5.01% of the company's total share capital, accounting for 5.07% of the company's total share capital after excluding the number of shares in the repurchase account. After this equity change, Zhongyin Group holds 94.284 million shares of the company, accounting for 39.29% of the company's total share capital, accounting for 39.79% of the company's total share capital after excluding the number of shares repurchased by the special account; Wenwen Fund and Jinhe Investment each hold 12.024 million shares of the company, each accounting for 5.01% of the company's total share capital, accounting for 5.07% of the company's total share capital after excluding the number of shares repurchased from the special account.Analyst: The policy language of the European Central Bank has undergone major changes. Jana, a senior European economic analyst, said that the policy language of the European Central Bank has undergone major changes, and the wording about restrictive policies and inflation returning to the target has disappeared. Earlier, the statement of the European Central Bank mentioned: "The Management Committee is determined to ensure that inflation returns to the medium-term target of 2% in time. In order to achieve this goal, it will maintain sufficient interest rate restrictions for the necessary time. " Now, the only sentence left is: "The CMC is determined to ensure that inflation remains stable at the medium-term goal of 2%."Institution: The European Central Bank may further cut interest rates by 100 basis points in 2025. Des Lawrence, an analyst at State Street Global Investment Management, said that after the European Central Bank cut interest rates by 25 basis points, it may cut interest rates by another 100 basis points in 2025. The senior investment strategist said in a report that the European Central Bank can and should cut interest rates further in the coming quarters. Lawrence said that the recent PMI data shows that the economic slowdown is expanding beyond the troubled manufacturing industry, and the service industry is also under pressure.

Caretaker Prime Minister of the Syrian Transitional Government: Primary and secondary schools and universities will resume classes next week. On December 12, local time, the reporter of the General Station was informed that the caretaker Prime Minister of the Syrian Transitional Government, Mohamed Al-Bashir, said that he would announce the appointment of the interim government in the next few days, and primary and secondary schools and universities would resume classes next week.Sixty-two kinds of drugs entered the centralized procurement. The tenth batch of centralized procurement was organized by the state, and the tenth batch of centralized procurement was opened in Shanghai on December 12, resulting in the result of quasi-selection. 62 kinds of drugs were successfully purchased, and 385 products from 234 enterprises were qualified for quasi-selection, involving hypertension, diabetes, tumors, cardiovascular and cerebrovascular diseases and other fields. The results of the proposed selection will be officially released after publicity. Since 2018, the National Medical Insurance Bureau has organized 10 batches of state-organized drug collection with relevant departments, and successfully purchased 435 kinds of drugs. (Xinhua News Agency)Spot silver fell more than 2.00% in the day and is now reported at $31.26 per ounce; COMEX silver fell more than 3.00% in a day and is now quoted at $31.98 per ounce.