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On the 13th, the South Korean opposition party reported to the National Assembly on the motion of impeaching President Yin Xiyue again. (Xinhua News Agency)Vista Jiajie: The development of cloud computing and digitalization in Asia-Pacific IT distribution is accelerating. According to the research report of CLSA, Vista Jiajie, as the eighth largest IT distributor in the world and the second largest IT distributor in China, has benefited from the rapid growth of cloud computing and the digitalization development in Southeast Asia, and has a good market position. The company occupies a dominant position in the ICT industry in the Asia-Pacific region, especially in Southeast Asia and China, with obvious demographic advantages and huge growth potential. Vista Jiajie is Starlink's preferred partner in ASEAN. The global cloud computing market is expected to grow at a compound annual growth rate of 18.6% from 2023 to 2027. Vista Jiajie has an optimistic prospect in the fields of cloud computing and artificial intelligence.Huatai Securities: The countercyclical adjustment is stronger than expected, and the expansion of domestic demand may fall on the policy of boosting consumption. Huatai Securities believes that the macro-policy orientation conveyed by the Central Economic Work Conference is more positive, in fiscal policy (expanding deficit, increasing special national debt, expanding the use scope of special debt, etc.), monetary policy (moderately easing, timely lowering the RRR and cutting interest rates), real estate and capital market (stabilizing the property market and stock market), and expanding domestic demand policy (implementing special actions to boost consumption) In terms of currency securities, Huatai Securities believes that there is still room for interest rate cuts. On the one hand, the current real interest rate level is still high in horizontal comparison; On the other hand, credit expansion, especially the balance sheet expansion of developers and local governments, is relatively weak, and the cost of capital has room for further decline. It is expected that the central bank will cut interest rates by 30-50 basis points next year, but the pace may be affected by external changes and exchange rates.

Guangzhou Metro won the Asian Games Avenue plot in Panyu District, Guangzhou with a reserve price of 1,183.96 million yuan. According to the website of Guangzhou Public Resource Trading Center, on December 13th, Guangzhou Metro Group Co., Ltd. won the Asian Games Avenue plot BD0210116 in Panyu District, Guangzhou, Guangdong Province with a reserve price of 1,183.96 million yuan. According to the transfer documents, the plot is planned to be a second-class residential land, a primary and secondary school land and a commercial land compatible with roads and transportation facilities; The parcel area is 99,936.54 square meters, of which the leased parcel area is 85,151.63 square meters, and the calculated floor area ratio is 118,396 square meters.In the first 11 months of this year, Guangdong's import and export increased by 10% year-on-year. According to statistics from Guangdong Branch of the General Administration of Customs, in the first 11 months of this year, Guangdong's foreign trade import and export reached 8.27 trillion yuan, up by 10% year-on-year, faster than the national growth rate by 5.1 percentage points, accounting for 20.8% of the national total import and export value. Among them, exports were 5.37 trillion yuan, an increase of 8.7%; Imports reached 2.9 trillion yuan, up by 12.6%.Pakistan KSE-100 index opened up 0.3% to 114,767.90.

Wang Tao of UBS: It is estimated that deficit ratio will approach 4% of its financial resources or increase its investment in social security medical care next year. Wang Tao, head of Asian economic research and chief China economist of UBS, said that China's fiscal deficit ratio is expected to approach 4% next year, and the scale of ultra-long-term special government bonds excluding capital injection into state-owned banks may be 2 trillion yuan, and the amount of new local government special bonds may be 4.5 trillion to 5 trillion yuan. In fact, the fiscal expansion next year is relatively mild compared with the fiscal stimulus in 2008-2009. Wang Tao believes that next year, the government will increase investment in social security and medical care, and establish a more perfect social security system while boosting residents' confidence in the short term.Macao held a public sacrifice ceremony to mourn the victims of the Nanjing Massacre, and December 13th, 2024 was the 11th national public sacrifice day for the victims of the Nanjing Massacre. On the morning of the same day, the Macao SAR Government held a ceremony at the Institute of Environmental Protection and Security Forces, deeply mourning the victims of the Nanjing Massacre and all the compatriots killed by the Japanese aggressors. (CCTV)South Korea's KOSPI index erased all the declines since the martial law storm.