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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)Donghai securities: The refrigerant industry is expected to maintain a high degree of prosperity. According to the donghai securities Research Report, in 2025, the second-generation refrigerant quota will be reduced, and the total production quota of the third-generation refrigerant will remain at the baseline value. With the increase in demand for new household air conditioners and maintenance and replacement, the supply and demand relationship of the third-generation refrigerants will tighten, and the downstream air conditioners will be rapidly upgraded in December. The refrigerant industry is expected to maintain a high degree of prosperity, and the profitability of related refrigerant manufacturers is expected to be greatly improved. It is suggested to pay attention to the leading refrigerant industry and fluorine chemical production enterprises with relatively perfect industrial chain, such as Juhua, Sanmei and stone resources related to fluorine chemical raw materials.Malaysia's palm oil exports from December 1 to 10 were 423,567 metric tons, while those from November 1 to 10 were 419,094 metric tons.

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.Xu Qing, assistant to the former president of China Industrial and Commercial Bank of China Hunan Branch, was examined and investigated. Xu Qing, assistant to the former president of China Industrial and Commercial Bank of China Hunan Branch, was suspected of serious violation of discipline and law. At present, he is being examined by the Disciplinary Committee of China Industrial and Commercial Bank of China Hunan Branch and supervised by Zhuzhou Municipal Supervision Committee. (Sanxiang discipline)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.

Market News: South Korea's National Assembly passed the resolution of the special prosecutor to investigate martial law.Uni-President's sales in November exceeded NT$ 28.37 billion, up 5.6% year-on-year.Fitch said that the inflation risk in the United States is rising due to strong consumption and the approach of tariff increase.