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CITIC Securities: Potential policies such as consumer vouchers are expected to give birth to a staged turning point in catering demand. According to the research report of CITIC Securities, domestic consumer demand has been sluggish since 2023, and the price of the catering industry has entered a downward channel. How will China catering enterprises behave at this moment? The experience of Japanese restaurant enterprises may provide some enlightenment. Although the differences between macro and national conditions prevent China from simply repeating the price war of Japanese catering and its impact, the catering competition in high-speed cities in China is similar to that in Japan in structure. The research report believes that the change of restaurant supply and CPI performance can be used as a forward-looking indicator to judge when the current price war will end, while potential policies such as consumer vouchers are expected to give birth to catering demand and form a stage turning point. Two main lines are recommended: 1) Mature catering enterprises pay attention to the same-store sales and valuation improvement brought about by the rebound of CPI, while enterprises with serious decline in same-store sales before have higher performance and valuation resilience. 2) Growing catering enterprises pay more attention to the rhythm of income growth and profit release.South Korean President Yin Xiyue: The purpose of the opposition's impeachment is to evade the legal responsibility of its leader Li Zaiming by holding an early general election.Nepal's Everest region will ban commercial helicopter flights to protect the local economy and wildlife. On December 11th, local officials in Nepal said that the local government and other stakeholders have decided to ban commercial helicopter flights in the Everest region from January 1st next year to protect the local economy and wildlife. Mingema Chiri Sherpa, mayor of Khumbasan Lamu, Mount Everest, Nepal, said on the same day that the decision was made because the increase in commercial helicopter flights in Mount Everest in recent years has shortened the stay time of tourists, and helicopter noise has also interfered with wildlife in nearby national parks. Relevant decisions are being sent to helicopter operators, travel agencies and tourism enterprises through letters.

Warnick, chief financial officer of Robinhood, reduced his holdings of $6.02 million shares, and Jason Warnick, chief financial officer of Robinhood Markets Inc, reported an insider stock transaction to the US Securities and Exchange Commission, reducing his holdings of $6.02 million shares. Robinhood's share price has risen by 15% in the past month.Guosheng Securities Xiongyuan: We can be more optimistic about the policy and the market. "The biggest highlight of this Politburo meeting of the Chinese Communist Party is' face the problem and prescribe the right medicine'." Xiong Yuan, chief economist of Guosheng Securities, said that many new ideas and expressions of the meeting directly pointed to various challenges that China's economy urgently needs to solve, and made a strong response to various problems. Xiong Yuan pointed out that the market can be more firm in policy strength and policy determination for at least one and a half years in the future. In the future, the imagination of policies is relatively large.Han Dongxun, leader of South Korea's ruling party, said that President Yin Xiyue should be dismissed immediately. The only way is for the ruling party members to vote for impeachment.

Liberal Arts Garden: The company undertook the garden project of Jimu Science and Technology Park and did not participate in robot-related projects. Liberal Arts Garden (002775) replied to investors' questions on the interactive platform on December 12, saying that the project currently undertaken by the company is the green belt garden subcontracting project of the west/north garden site of Jimu Science and Technology Park Project of Dongguan Jimu Machinery Co., Ltd., and did not participate in robot-related projects.South Korean President Yin Xiyue: I will face impeachment, investigation or any possible situation; My martial law attempt cannot constitute rebellion. Martial law is the president's decision to protect the country's freedom, democracy and constitutional order from the dictatorship of the opposition parliament.The law enforcement agencies of China and the Philippines cooperated again to repatriate more than 30 Philippine citizens engaged in offshore gambling in the Philippines. On December 12, the law enforcement agencies of China and the Philippines cooperated again to repatriate more than 30 China citizens engaged in offshore gambling in the Philippines. This is the fourth batch of repatriation between China and the Philippines after the Philippine government announced a total ban on offshore gambling in the Philippines. The Philippine Embassy in the Philippines will continue to strengthen law enforcement cooperation with the Philippine side and promote the orderly repatriation of relevant personnel on the basis of protecting the legitimate rights and interests of China citizens.