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Market news: Japan is considering levying a 4% corporate tax surcharge for national defense expenditure.Sinotrans has set up a new company, including land international cargo transportation agency business. The enterprise search APP shows that recently, Sinotrans Logistics (Alashankou) Co., Ltd. was established with Chen Xin as its legal representative and registered capital of 10 million yuan. Its business scope includes: domestic container cargo transportation agency; International freight forwarder; Land international freight forwarding agent; Import and export agents, etc. Enterprise survey shows that the company is indirectly wholly-owned by Sinotrans.Afternoon comment: the three major indexes rose slightly in half a day, and the concept of Shanghai's state-owned enterprise reform lifted the tide of daily limit. The three major indexes opened lower and went higher in early trading and rose slightly in half a day. In terms of sectors, the concept of Shanghai's state-owned enterprise reform is on the rise, and Shanghai Material Trade, First Medicine and Shibei High-tech are collectively on the rise. The retail sector continued to be strong, with the daily limit of Youa, Zhongbai Group and Maoye Commercial. The concept of AI glasses is higher, and Tianjian shares and Star Technology both have a daily limit of 20cm; Insurance stocks continued to adjust, and Tianmao Group fell to an intraday limit; Sora concept stocks collectively adjusted back, and the word Huayang Lianzhong fell; Bank shares fluctuated lower, with Bank of Ningbo leading the decline. Overall, stocks rose more and fell less, with more than 3,500 stocks rising. On the disk, Shanghai's state-owned enterprise reform, AI glasses and retail sectors were among the top gainers, while insurance, Sora concept and banking sectors were among the top losers.

China Merchants Bank applied for a large-scale model trademark. According to the intellectual property information, recently, China Merchants Bank Co., Ltd. applied for the registration of the trademarks of "YiZhao Big Model" and "YiZhao Big Model of China Merchants Bank". The international classification is advertising sales, website services and scientific instruments, and the current trademark status is awaiting substantive examination.China Merchants Bank applied for a large-scale model trademark. According to the intellectual property information, recently, China Merchants Bank Co., Ltd. applied for the registration of the trademarks of "YiZhao Big Model" and "YiZhao Big Model of China Merchants Bank". The international classification is advertising sales, website services and scientific instruments, and the current trademark status is awaiting substantive examination.Institution: In the first half of 2024, the scale of China's edge cloud market increased by 21% year-on-year. Recently, the latest report "China Edge Cloud Market Tracking Research, 2024H1" released by International Data Corporation (IDC) shows that in the first half of 2024, the scale of China's edge cloud market totaled 5.48 billion yuan, with a year-on-year growth rate of 21.0%. Among them, the market scale of edge public cloud services, edge exclusive cloud services and edge cloud solutions reached RMB 3.00 billion, RMB 970 million and RMB 1.50 billion respectively. Internet audio and video distribution and real-time interaction based on edge resources, edge game clothes, cloud terminals and cloud games, cloud network services, and lightweight IT architecture migration of local industry customers are the core driving forces for market growth in this period.

China Overseas Development: The annual interest of "23 Zhonghai 04" will be paid on December 12th. On December 10th, China Overseas Development (00688.HK) announced that China Overseas Enterprise Development Group Co., Ltd., a wholly-owned subsidiary of the company, will pay the annual interest of "23 Zhonghai 04" on December 12th, totaling 96 million yuan. The total amount of bonds issued in this issue is 3 billion yuan, and the issuance period is 5 years. The coupon rate of bonds in this issue is 3.20%.Jiangxi Jiaotou Group: Jiangxi-Guangdong Expressway should strengthen capital empowerment, strengthen market value management and improve the level of capital operation. On December 10th, Jiangxi-Guangdong Expressway held a cadre meeting. Li Baidian, member of the Party Committee and deputy general manager of Jiangxi Communications Investment Group, attended and spoke. The responsible comrades of the Organization Department of the Group Party Committee announced the decision of the Group Party Committee: Comrade Xu Zhihua was appointed as the deputy secretary of the Party Committee of Jiangxi-Guangdong Expressway and recommended him as the director and general manager of the company. In order to accelerate the high-quality development of the company's career, Li Baidian stressed that it is necessary to further deepen reform and innovation and accelerate the high-quality development of the company. It is necessary to focus on the main business, promote the two-wheel drive of industrial operation and capital operation, continuously optimize business layout, deepen business expansion, and further form a new business pattern with prominent main business and multi-industry coordination. It is necessary to strengthen capital empowerment, market value management, improve the level of capital operation, continuously enhance the ability of value creation, and better promote the preservation and appreciation of state-owned assets. It is necessary to promote reform and innovation, further plan reform measures, continue to promote the reform of market-oriented operating mechanism, improve the system and mechanism of scientific and technological innovation, and better stimulate the company's development vitality. Xu Zhihua said that it is necessary to continuously strengthen market value management and tap the economic potential of Luyan.Israeli military: In the past 48 hours, it has attacked Syria's "most strategic weapons reserves". The Israel Defense Forces said on the 11th that in the past 48 hours, the Israeli army has attacked Syria's "most strategic weapons reserves". According to Israeli media reports, the Israeli army has destroyed "70% to 80% of the strategic military capability of the Assad regime".