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CITIC Securities: Short-term home fundamentals are expected to usher in a window of policy improvement, and we can bargain and seize the opportunity of valuation repair. CITIC Securities recently reported that the situation in the light industry has been severe since 2024, but it still presents three bright spots: channel reconstruction of the personal care industry, internationalization of the tobacco industry and asset integration of the metal packaging industry. The above-mentioned opportunities for subdividing the track are expected to continue and be further strengthened in 2025. Short-term home fundamentals are expected to usher in a policy improvement window, which can be laid out on dips, seize the opportunity of valuation repair, pay attention to industry demand and policy continuity, and attach importance to reasonable valuation intervals. In 2025, the papermaking and paper packaging industries will benefit from the recovery of consumption.South Korea's Ministry of Finance: Considering the economic fundamentals, South Korea's exchange rate fluctuates too much.South Korea said that the recent increase in financial and foreign exchange market volatility will actively respond to reverse market sentiment. The South Korean government said in a joint statement that the recent increase in financial and foreign exchange market volatility is somewhat excessive considering the fundamentals of South Korea's economic stability and the stability of the external environment. The government and the Bank of Korea are capable of coping with the market and will actively respond to reverse market sentiment. Pay close attention to market trends and will use all measures to stabilize the market. South Korean Finance Minister Choe Sang-mu, Central Bank Governor Lee Chang-yong and financial regulators meet every day to evaluate the financial market.

Samsung is betting that XR's first lightweight AR glasses will ship 50,000 units next year. Samsung is actively promoting the Extended Reality (XR) project called Infinite, which is scheduled to be publicly displayed at the Galaxy Unpacked conference in January next year, and will be officially released in the third quarter of 2025. Samsung Electronics has made a production plan for XR equipment, and it is expected to ship more than 20,000 to 30,000 units in the third and fourth quarters of next year respectively.Galaxy Securities: Looking ahead, A-shares are expected to fluctuate upward. china galaxy Securities said that since September 24th, domestic policies have been intensively introduced. The convening of the Politburo meeting of the Chinese Communist Party on December 9 pointed out the important direction for economic work in 2025, and at the same time released a more positive and promising policy signal, and then focused on the statement of the Central Economic Work Conference. With the accelerated implementation of the stock policy and the introduction of a package of incremental policies, the economic fundamentals are expected to show a gradual improvement trend. The policy expectation of "stabilizing the property market and stock market" will help boost investors' confidence and protect the long-term healthy development of the A-share market. Looking forward to the market outlook, A shares are expected to fluctuate upwards.FTSE China A50 index futures rose 0.75% at the beginning, and closed up 0.84% in the last trading day and night.

Analyst: "The economy is confident and the policy is unprecedented." "The economy is confident and the policy is unprecedented." Chen Xing, chief macro analyst of Caitong Securities, said that this year's economic operation is generally stable, and risks in key areas have been resolved in an orderly and effective manner. The meeting has confidence in this year's economic performance, and it is expected that the main objectives and tasks of economic and social development will be successfully completed throughout the year. Chen Xing believes that the Politburo meeting mentioned "stabilizing the property market and stock market" for the first time, and the core is to stabilize the prices of these two types of assets, namely house prices and stock indexes, which will help to repair the balance sheet of the residential sector, thus boosting consumption and expanding domestic demand.South Korean opposition leader Li Zaiming said that the budget will be dealt with today.Macquarie: Raise the forecast of USD/JPY to 140 JPY by the end of 2025 from 125 JPY.