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Institutional investors are optimistic about the long-term value of dividend assets. Today, the turnover of Standard & Poor's dividend ETF(562060) exceeded 26 million yuan. On December 10, the Shanghai Composite Index of Standard & Poor's dividend ETF(562060) closed flat with a turnover of 26.0237 million yuan. The constituent stocks are mixed. In terms of rising, Aopu Technology leads the rise, and Yongxing Materials follows. In terms of decline, Voice Holdings led the decline, and Pingmei shares followed. According to market analysis, dividend assets with low valuation and high dividend have obvious advantages in low interest rate environment, and institutional investors are optimistic about the long-term value of dividend assets. Since October, dividend assets have been in a period of adjustment, but the rise in recent days is directly related to the decline in the yield of government bonds. Lin Rongxiong, chief strategist of SDIC Securities, said that facing 2025, high dividend is still an effective strategy to obtain absolute income. It is suggested that investors pay attention to the band property of dividend assets, and the real dividend money is the key to overcome the high dividend index and obtain excess returns.Guangdong: fully implement the source substitution of raw and auxiliary materials with low (no) VOCs content. The Guangdong Provincial People's Government issued an action plan for continuous improvement of air quality in Guangdong Province, and fully implement the source substitution of raw and auxiliary materials with low (no) VOCs content. Fully promote the use of raw and auxiliary materials with low (no) VOCs content, implement source substitution projects, increase the substitution of raw and auxiliary materials with low (no) VOCs content in industrial painting, packaging and printing and electronics industries, and increase the protection of outdoor structures and the promotion and use of low (no) VOCs content coatings for urban road traffic signs.CITIC Securities: In November, the PPI turned positive more than expected, and the core CPI continued to improve. According to the research report of CITIC Securities, the price data in November 2024 showed that the boosting effect on the economy after the policy shift in late September initially appeared at the "price end", mainly in two aspects: "PPI turned positive" and "continuous improvement of core CPI". In terms of PPI, this month's PPI turned positive more than expected, and the main contributions came from "the effect of trade-in for new products is gradually appearing at the price end of related industries" and "the acceleration of physical workload of infrastructure has boosted the prices of raw materials industries in the upper and middle reaches". It is embodied in the remarkable improvement of PPI in computer machine manufacturing, communication terminal equipment manufacturing, automobile manufacturing, durable consumer goods (means of subsistence), non-metallic mineral products industry and other industries. In terms of CPI, although the year-on-year growth rate of CPI further declined to 0.2%, which was significantly lower than the market expectation, it was largely affected by the over-seasonal decline in food prices. The core CPI, which the market paid more attention to, continued to improve slightly on the margin, with the year-on-year reading rising from 0.1% at the bottom of September to 0.2% in October and 0.3% in November. In terms of splitting, the CPI decline of the three major durable consumer goods and services has narrowed compared with the same period of last year. On the whole, the combination of "CPI 0.2%+PPI -2.5%" reveals that China is still facing significant "low inflation" pressure, and it is still necessary to continue to strengthen the price level with a package of incremental policies. Looking back, if the boosting effect of the "two new" policies on the demand of downstream industrial products and the driving effect of the accelerated issuance of special bonds on the physical workload of infrastructure can be released continuously, it will provide some support for the improvement of PPI; However, if you want to see the PPI continue to turn positive significantly, you may have to wait for the policy to further push the physical workload and real estate start-up data, as well as the more stringent supply-side optimization policies in some areas with more production capacity.

Chenglian Branch: In November, the retail sales of domestic narrow passenger car market reached 2.424 million, up 16.6% year-on-year. On December 10th, according to the latest retail sales statistics of china automobile dealers association Passenger Car Market Information Branch, the retail sales of domestic narrow passenger car market reached 2.424 million in November, up 16.6% year-on-year and 7.2% quarter-on-quarter. From January to November, the cumulative sales volume was 20.258 million vehicles, a year-on-year increase of 4.7%.Ruiang Gene: The actual controllers Xiong Hui and Xiong Jun were arrested. Ruiang Gene announced that the actual controller, chairman and general manager Xiong Hui and actual controller, director and deputy general manager Xiong Jun of the company have been arrested for alleged fraud, and related matters need further investigation. Mr. Xiong Jun, Mr. He Junyan and Mr. Xue Yuwei submitted written resignation reports for personal reasons, and will take other positions in the company after resigning. At present, the company has targeted related matters.According to the World Bank, the Philippines' GDP growth is affected by the typhoon, but the prospects are strong.

Zheshang Securities: A-shares may benefit from the rising style of risk appetite, which is more inclined to small-cap growth. Zheshang Securities Research Report pointed out that the current inflation level is in the early stage of bottoming out, and there is a lot of flexibility for the recovery of effective demand. It is expected that monetary policy will still have a total easing space such as RRR cuts and interest rate cuts. In terms of large-scale assets, A-shares may benefit from rising risk appetite, and their styles are more inclined to small-cap growth, and the valuation of technology stocks may be relatively flexible. It is recommended to pay attention to high-elastic sectors such as GEM, Kechuang 50 and Beizheng 50. In the field of fixed income, the current risk-free interest rate level has gradually approached the new equilibrium level. It is expected that the yield of the next 10-year government bonds will generally fluctuate, and the long-term interest rate is less likely to have upward risks. The credit spread is expected to narrow, and the urban investment bonds in the qualified areas will sink in a short period of time or the main allocation direction.According to Reuters news, an Israeli military spokesman today (December 10th) denied that the Israeli army had reached the place 25km away from Damascus, and said that the Israeli army had not left the buffer zone. Earlier, the media reported that the Israeli army had arrived about 25 kilometers southwest of Damascus, the Syrian capital. Reuters quoted Syrian security sources as saying that Israeli troops had arrived in Qatena in Rif Dimashq. (CCTV International News)Why does the watch suck on the glass? Apple's customer service responded that on the 10th, "Why does Apple Watch suck on the glass" was hotly debated on social platforms. In this regard, Apple's official customer service said on the 10 th that the dial of Apple Watch does not have any adsorption force. If it can be attached to smooth glass, it is necessary to consider whether it is the reason for the film of the watch. "If you can't take it off, you can try to tear off some of the film and see if you can move the dial away." Another customer service also said that the Apple Watch uses a retina display, and the dial will not be adsorbed with any material including glass. If there is such a situation, consider whether to stick a protective film. (Zhongxin Jingwei)