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The concept of solid-state battery is partially active, with SAIC pulling up the daily limit, researching new materials and Lihu shares rising.CMB International: Upgraded the target price of WuXi Bio to HK$ 22.88, optimistic about the company's valuation and performance repair. CMB International published a report, predicting that the US Biosafety Act will fail with high probability, which will help WuXi Bio to achieve continuous performance growth in a relatively stable business environment. With the recovery of global biomedical financing, we are optimistic about the company's valuation and performance repair. According to the report, the NDAA in FY 2025 does not include the Biosafety Act, and the legislation of the Biosafety Act failed with high probability. On December 7, the US Senate and the House Armed Services Committee announced the National Defense Authorization Act (NDAA) for fiscal year 2025, which was finally negotiated by the committees of the two houses. The Biosafety Act was not included in the amendment of NDAA in FY 2025, which means that the Biosafety Act failed to pass the legislative path of joining NDAA. The Biosafety Act can still promote separate legislation, but considering that the window of the current US Congress session is less than two weeks, the Bank believes that the success rate of separate legislation is extremely low. CMB International maintained the "Buy" rating of Yaoming Bio, and its target price rose from HK$ 13.58 to HK$ 22.88. It is estimated that the company's revenue will increase by 7.1%/12.4%/ 13.9% from 2024 to 2026, and its adjusted net profit will increase by 0.8%/11.1%/13.4% respectively.South Korea's KOSPI index erased all the declines since the martial law storm.

Ye Fan, Southwest Securities: In 2025, the upward trend of domestic economy will continue, and it is estimated that the annual RRR will be lowered by about 100bp. The Central Economic Work Conference will be held in Beijing from December 11th to 12th. Ye Fan, chief economist of Southwest Securities, said that in 2025, the domestic economy will continue to stabilize and upward under the policy. From the structural point of view, infrastructure and manufacturing investment are expected to remain the main support items for domestic investment next year, and the decline in real estate investment will gradually narrow; Domestic demand is expected to play a stronger role in stimulating the economy than external demand, and domestic residents' consumption is expected to continue to pick up under the policy. Regarding the direction of fiscal and monetary policies, Ye Fan predicted that the issuance scale of ultra-long-term special government bonds will be around 1.5 trillion -2 trillion yuan in 2025, and it will continue to support the "dual" areas. In the first half of next year or the peak of government bond issuance, there may be a RRR cut for hedging. It is estimated that the RRR cut will be about 100bp for the whole year, and the interest rate cut will be decided by camera. The interest rate cut of 25bp-40bp may be promoted step by step.Joy City's daily limit The fourth Joy City in Beijing is about to open, and Joy City (000031.SZ) has raised its daily limit to a new high price in 4 yuan for 15 months, with a total market value of 17.1 billion yuan. According to the news, Haidian Joy City, the fourth Joy City in Beijing, will open on December 21st. At present, the second installation of many brands has come to an end, and the merchants in the venue have entered intensive preparations for opening.EDI SUSIANTO, Executive Director of the Bank of Indonesia: The decline of the Indonesian rupiah was affected by global sentiment and the rise of the US dollar.

More than eight members of parliament from South Korea's ruling party supported the impeachment of Yin Xiyue.Faraday Future announced today that it has delivered FF 91 2.0 Futurist Alliance to supermodel and designer Suede Brooks. FF executives attended the delivery ceremony and discussed with Suede about the co-creation of future technology and design fashion. Matthias Aydt, global CEO of FF, Jia Yueting, founder and chief product and user ecologist of FF, and Sue Neuhauser, head of FF design, attended the event and delivered the new car to Suede.According to sources, Keppel and Sovico Group are discussing submarine cables between Singapore and Vietnam.