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India's SENSEX30 index opened 0.08% higher at 81,575.96 points. Among the constituent stocks, MAHINDRA & MAHINDRA opened 1.15% higher, ADANI PORTS rose 1%, and Indian State Grid rose 0.88%; In terms of decline, Maruti Suzuki opened 0.46% lower, Reliance Industries fell 0.4%, and TITAN fell 0.39%.Huang Wentao of China CITIC Construction Investment Co., Ltd. and others: It is estimated that deficit ratio will rise to over 4% in 2025, and it is expected that the stock and debt will continue. On December 9th, the Political Bureau of the Central Committee held a meeting to analyze and study the economic work in 2025. Huang Wentao, chief economist of CITIC Jiantou, and Liu Tianyu, macro analyst of CITIC Jiantou, believe that the policy tone of this Politburo meeting is quite proactive, which shows that the central government has made a full assessment and policy reserve for the pressures and risks that may be encountered in economic development next year, which has strongly echoed the expectations of economic entities. Huang Wentao and Liu Tianyu pointed out that GDP growth in the fourth quarter is expected to reach more than 5.2%, achieving the expected goal of annual economic growth of around 5%. On this basis, the annual growth target of about 5% will also be the basic premise of policy discussion in the next few years. Since the fourth quarter of this year, the fiscal policy has been continuously overweight. This time, the fiscal policy is set to be "more active", which indicates that the fiscal policy will expand again. It is estimated that deficit ratio will increase to over 4% in 2025. Both stocks and debts are expected to continue. Unconventional countercyclical adjustment policies not only provide sufficient impetus for the recovery of economic vitality, but also provide strong support for improving expectations and reviving confidence, and provide sufficient source of living water for the capital market. The stock market is expected to continue to strengthen and the risk-free rate of return is expected to continue to decline.World Bank: Kenya's growth forecast for 2024 is lowered to 4.7% due to financial challenges.

Allianz's investment in the national pension was approved. It was learned from the national pension that the State Financial Supervision and Administration recently officially approved the change of the registered capital of the National Pension Insurance Co., Ltd. and added Allianz Investment Co., Ltd. as a shareholder of the company. (CSI Taurus)AliExpress has held nearly 100 investment promotion meetings in Zhejiang, Guangdong, Jiangsu and other places. AliExpress has prepared a number of measures such as traffic and freight reduction for new merchants, and held nearly 100 investment promotion meetings in Zhejiang, Guangdong, Jiangsu, Shandong and other places in a month, attracting merchants from factories and industries to join. In addition, this year's "Black Five" is not over yet. Before double 11, the trend of "anti-involution" of e-commerce spread to cross-border circles, and AliExpress launched a series of policies to actively intercept and control the "refund only" and wool party that troubled businesses. (Interface News)Afternoon comments on Hong Kong stocks: Hang Seng Index rose by 1.00%, Hang Seng Technology Index rose by 0.79%, and Hong Kong stocks opened higher and fell back. By midday, Hang Seng Index rose by 1.00% and Hang Seng Technology Index rose by 0.79%. On the first day of listing, Mao Geping rose by 78.19%, and it rose by over 5%. Shang Tang fell more than 4%.

China's 10-year government bond yield fell by 5 basis points to 1.855%, a record low.Morgan Stanley issued a technical opinion report that it is believed that the share price of CITIC Securities will rise in the next 30 days. The bank believes that the above scenario will happen 70% to 80% of the time. The bank pointed out that the upward trend is mainly due to the supportive policy tone before the domestic economic work conference, which may raise market sentiment, which should promote the average daily trading volume to rebound and increase market leverage. The bank believes that CITIC Securities is a high-quality and widely recognized brokerage firm, and will have good conditions to consolidate its market share when capital market activities increase. Morgan Stanley gave CITIC Securities a rating of "keeping pace with the market" and a target price of HK$ 21.2.Saudi Arabia said that Israel's attack on Syria violated international law.