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Huatai Securities: The target price of Yum! China was raised to HK$ 472.48, and the "Buy" rating was maintained.Chongqing State-owned Assets Supervision and Administration Commission: Resolutely lay a solid foundation for comprehensively deepening the reform of state-owned enterprises and accelerate strategic restructuring and professional integration. Chongqing State-owned Assets Supervision and Administration Commission officially announced today that on December 9, Chongqing State-owned Assets Supervision and Administration Commission held a December 2024 economic operation scheduling meeting for municipal key state-owned enterprises. The meeting stressed that it is necessary to resolutely fight a tough battle to comprehensively deepen the reform of state-owned enterprises in light of the landmark achievements of the "five new breakthroughs." It is necessary to promote the reshaping of the main business of the group to achieve a "new breakthrough", focus on the reshaping of the main business of the group, further sort out the business of the sub-enterprises, effectively support the core functions and main business of the group, and enhance the core competitiveness; Promote "new breakthroughs" in stopping losses and controlling losses, further promote structural adjustment, reduce costs and increase efficiency, and revitalize assets, and strive to control the losses of municipal state-owned enterprises at the target ratio by the end of the year; Promote slimming and fitness to achieve a "new breakthrough", accelerate strategic restructuring and professional integration, and accelerate the reduction of the number of legal entities and reduce the management level of enterprises in accordance with the requirements of reduction. It is necessary to focus on the most realistic and urgent problems that restrict high-quality development, and promote state-owned state-owned enterprises to further comprehensively deepen reforms.The Hang Seng Science and Technology Index fell, having previously risen by more than 4%; The increase of Hang Seng Index narrowed to 0.4%, after rising by more than 3%.

The turnover of Cyrus reached 10 billion yuan, down 6.73%.Water conservancy science and technology work conference held: accelerate the construction of advanced and practical water conservancy science and technology support system, and the Ministry of Water Resources recently held a water conservancy science and technology work conference. Li Guoying, Minister of Water Resources, demanded that the system of water conservancy technical standards should be improved, and the coordination mechanism between water conservancy standard development and scientific and technological innovation should be improved. It is necessary to improve the support system of water conservancy scientific and technological innovation forces, optimize the positioning and layout of various water conservancy scientific and technological innovation forces, and form a joint force of system research and development. It is necessary to improve the transformation system of water conservancy scientific and technological achievements, accelerate the accurate docking and integrated development of innovation chain, industrial chain and application chain, and transform more innovative achievements into new quality productivity. It is necessary to improve the policy guarantee system of water conservancy science and technology innovation, implement new research models such as "revealing the list" and "horse racing system", and accelerate the establishment of an evaluation system and assessment mechanism oriented to innovation ability, quality, effectiveness and contribution.The three major A-share stock indexes fell, with the Shanghai Composite Index narrowing to less than 1%, the Shenzhen Composite Index rising by 1.3% and the Growth Enterprise Market Index rising by 1.35%.

 Shougang shares invested in the establishment of electromagnetic materials technology company in Suzhou. The enterprise search APP shows that Shougang Zhixin Electromagnetic Materials Technology (Suzhou) Co., Ltd. was recently established, with Zhao Songshan as the legal representative and a registered capital of 5 million yuan. Its business scope includes: hardware product manufacturing; Sales of metal materials; Metal cutting service; Sales of metal products. Enterprise survey shows that the company is wholly owned by Shougang Zhixin Electromagnetic Materials (Qian 'an) Co., Ltd., a subsidiary of shougang shares.The Israeli army launched about 250 air strikes in Syria within 48 hours. The website of Syrian Human Rights Watch, headquartered in Britain, released a message on the 10th that since the Syrian opposition forces announced on the 8th that they would "liberate Damascus and overthrow the Assad regime", Israel launched about 250 air strikes against Syria, destroying many important military facilities in Syria. According to reports, in the past 48 hours, Israeli air strikes targeted airports, warehouses, radars, military signal stations and multiple weapons and ammunition depots in Syria.