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Tan Hai, former director of the referee management department of the Chinese Football Association, was sentenced to six and a half years' imprisonment. On the morning of December 11th, 2024, the People's Court of Shishou City, Hubei Province publicly pronounced the case of Tan Hai, former director of the referee management department of the Chinese Football Association, accepting bribes, and sentenced the defendant Tan Hai to six years and six months' imprisonment and fined RMB 200,000. The property obtained by taking bribes shall be recovered according to law and turned over to the state treasury.Shares of 9 listed companies were reduced by important shareholders. Company No.9 -WD has the highest reduction amount. Based on the change deadline, on December 10th, 3 shares were increased by important shareholders, and Jintou City gained an increase of 6,019,200 shares by important shareholders, with an increase amount of 16,624,800 yuan. The shares of nine listed companies were reduced by important shareholders, and the ninth company -WD was reduced by 5,051,600 shares by important shareholders, with a reduction amount of 238 million yuan.The Hang Seng Index of Hong Kong stocks opened higher by 0.46%, the index of state-owned enterprises rose by 0.51%, and the branch index rose by 0.46%.

Galaxy Securities: The economies of scale of the network industry chain are expected to be prominent. The Galaxy Securities Research Report pointed out that the supply of new kinetic energy in emerging communication industries is constantly enriched, and the economies of scale of the network industry chain are expected to be prominent. With the development of AI, the promotion of 6G and the popularization of satellite-related services in the future, in order to gain greater global leadership in digital technology, China's technological changes need to be accelerated. The integration of 5G-A/6G synaesthesia and general intelligence computing respectively add perceptual and AI elements to the communication network, and continue to deepen the supply capacity upgrade of key links such as chip modules, industry terminals, virtual private networks and common capability platforms, so as to empower the development of emerging industries. The upgrading of communication technology focuses on promoting the integration and innovation of digital technology, bringing about the upgrading of traditional industrial production and operation. Generally speaking, the development of 5G+ promotes multi-directional deep empowerment, and the effect of economies of scale is expected to be prominent. Looking forward to the future, new infrastructure and new applications will usher in great development.Shanxi Securities: The launch of new OpenAI products catalyzes the demand for low-orbit satellite to continue to accelerate. Shanxi Securities Research Report pointed out that 1) The "Open AI 12 Days" activity was held, and the official version of o1 &pro and the full version of ChatGPT pro o1 were released faster and more powerful than o1 preview, and they performed better in code, mathematics and writing, and still possessed the original ability of picture reasoning. With the marginal cost of training continuing to increase and cot reasoning computing power continuing to increase, the computing power demand in 2025 is real and may continue to exceed expectations. It is suggested that the current optical module, copper connection, power supply and liquid cooling should be switched to the low valuation of 2025 performance. 2) Amazon shows trn1 ultra cabinet products, and cloud manufacturer ASIC brings incremental demand for copper connection. Cloud manufacturers' self-developed ASIC will bring important demand increment for high-speed copper connection. At present, copper connection system component manufacturers are concentrated overseas, while bare wire supporting capacity is concentrated in China. 3) Last week, Yuanxin Qian Fan's third networking satellite was successfully launched in Taiyuan, and SpaceX mobile phones were directly connected to satellite networking for commercial use. The development of LEO satellite Internet is related to 6G standard discourse right, orbital frequency resources and the game of international air and space infrastructure powers, which is expected to force the launch of LEO constellation in China to accelerate again. Under the catalysis of continuous events, the relevant targets of the industrial chain are expected to usher in a certain performance contribution and drive the double-click market.Argentine President Millay: It is planned to cancel capital controls next year. Argentine President Millay said in a televised speech on December 10 local time that Argentina plans to cancel capital controls next year. Millay said that Argentina's economic team is preparing for structural tax reform, which will abolish 90% of the tax revenue, and the Argentine government will continue to ban institutions, secretariats, deputy secretariats, public companies and every state institution that should not exist in the new year. Demián Reidel, economic adviser to Milai, will announce Argentina's nuclear energy plan in the next few days.

The insurance sector fell by more than 8% in the short term, and the insurance sector fell by more than 8% in the short term. New China Life Insurance, China PICC, China Life Insurance and China Pacific Insurance followed suit.Lee Ka Chiu John: The Hong Kong SAR Government hopes to set up a food and drug administration in the future. Lee Ka Chiu John, Chief Executive of the Hong Kong Special Administrative Region (HKSAR) said today (11th) that the SAR Government hopes to set up a food and drug administration in the long run to give full play to the advantages of clinical trials with the Mainland.Wei Shaojun, China Semiconductor Industry Association: We should vigorously develop chip design technology that does not depend on advanced technology. Wei Shaojun, chairman of the Integrated Circuit Design Branch of China Semiconductor Industry Association, said today that with the closure of chip design enterprises in China by external advanced processing resources, the manufacturing technologies that can be used by chip design enterprises in China are no longer as rich as before, and it is necessary to pay attention to the design technology that does not depend on advanced technology in technological innovation. Among them, there are two technical paths worth exploring. One is the innovation of architecture, which has been suggested by the industry that it is the golden age of computer architecture innovation. The second is micro-system integration, and the three-dimensional integration technology evolved from packaging technology is gradually moving towards the foreground. (Reporter Guo Hui)