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UBS: Reduce Adobe's target price from $550 to $525, and maintain a "neutral" rating.Four departments: By 2027, the digital transformation of specialized and innovative small and medium-sized enterprises should be completely reformed. The Ministry of Industry and Information Technology, the Ministry of Finance, the People's Bank of China and the General Administration of Financial Supervision issued the Special Action Plan for Digital Empowerment of Small and Medium-sized Enterprises (2025-2027). According to the notice, by 2027, the "100-city" pilot project for the digital transformation of small and medium-sized enterprises has achieved solid results, and the digital transformation of specialized and special small and medium-sized enterprises should be completely reformed, forming a number of transformation benchmarks with a digital level of three or four; The digital level of the pilot provincial-level specialized and innovative small and medium-sized enterprises has reached the second level and above, and the numerical control rate of key processes of industrial small and medium-sized enterprises in the country has reached 75%; The cloud access rate of small and medium-sized enterprises exceeds 40%. Initially build a digital transformation ecology of small and medium-sized enterprises, which is coordinated by the Ministry and the province, the integration of large and medium-sized enterprises, the adaptation of supply and demand in key scenes, and the strong public service guarantee, and empower small and medium-sized enterprises to specialize in special new development.Azure lithium battery: Robot/dog is the application field of lithium battery that the company pays close attention to. At present, only a few shipments are used in this field. Robot/dog is the application field of lithium battery that the company pays close attention to. At present, only a few shipments are used in this field, accounting for a small proportion. At present, power tools, cleaning appliances and electric motorcycles are the main applications.

The closing price of the national carbon market rose by 0.84% compared with the previous day. Today, the comprehensive price of the national carbon market is: the opening price is 99.66 yuan/ton, the highest price is 101.74 yuan/ton, the lowest price is 98.95 yuan/ton, and the closing price is 100.74 yuan/ton, which is 0.84% higher than the previous day. The transaction volume of today's listing agreement is 464,194 tons, with a turnover of 46,118,764.87 yuan; The volume of bulk agreement transactions was 4,617,079 tons, with a turnover of 450,306,945.18 yuan. Today, the total turnover of the national carbon emission quota is 5081273 tons, with a total turnover of 496425710.05 yuan. From January 1 to December 13, 2024, the volume of carbon emission quota in the national carbon market was 169,736,665 tons, with a turnover of 162,864,7748.47 yuan. As of December 13, 2024, the cumulative turnover of carbon emission quotas in the national carbon market was 611,359,276 tons, with a cumulative turnover of 412,056,282,67.75 yuan. (National Carbon Trading)Singapore Straits Times Index closed at 3,810.35.China Securities Association: Let the margin financing and securities lending business truly become a powerful tool to serve the people's wealth growth and promote the healthy development of the capital market. On December 6, 2024, China Securities Association held a plenary meeting of the professional committee on margin financing and securities lending business in Chongqing. The meeting emphasized that industry organizations should give full play to the functional role of margin financing and securities lending business, strictly implement relevant regulatory requirements, optimize business processes, improve institutional systems, provide quality services to customers, always bear in mind the people-oriented principle, and put the protection of investors' legitimate rights and interests at the core, so that margin financing and securities lending business can truly become a powerful tool to serve the wealth growth of the people and promote the healthy development of the capital market. The meeting summarized the key work of the Committee in 2024 and discussed the work plan for the next stage. In the next step, the Committee will further play a professional and "handle affairs, discuss and communicate" platform role to jointly promote the high-quality development of margin trading and securities lending business.

Zhang Liling, Assistant Managing Director (Economic Research) of the Hong Kong Monetary Authority, will leave in May next year. On December 13th, the Hong Kong Monetary Authority announced that Ms. Zhang Liling, Assistant Managing Director (Economic Research), has resigned for personal reasons and will leave in May 2025. The Hong Kong Monetary Authority will arrange an open recruitment for the post of Assistant President (Economic Research), and will make a separate announcement after the recruitment process is completed.A large quantity is enough, exceeding 10,000 tons! Chilean cherries arrived in Nansha Port of Guangzhou at a fresh rate. At 3: 00 am on December 13th, after a 22-day voyage of 20,000 kilometers, the first express line of cherries in Nansha Port of Guangzhou Port this year, "Crever Demaji", docked at Nansha Phase II Terminal of Guangzhou Port. This ship is the first ship imported in large quantities in China this year, carrying 538 cabinets of Chilean cherries and weighing more than 11,000 tons. This batch of "star fruits" takes only 2 hours at the earliest from unloading to reaching the market. It is reported that the first batch of cherries directly picked up by the boat arrived at Jiangnan Fruit Wholesale Market before 7: 00 this morning, officially announcing the opening of the cherry season in 2024-2025. (CCTV News)Huatong Co., Ltd.: The sales revenue of live pigs in November was 410 million yuan. Huatong Co., Ltd. announced that in November 2024, the company sold 201,000 pigs, including 10,600 piglets. The sales revenue of live pigs reached 410 million yuan, an increase of 20.56% from the previous month. The average selling price of commercial pigs was 16.5 yuan/kg, down 4.07% from October. In addition, the number of chickens sold in November was 1,205,900, a decrease of 47.69% from the previous month and a year-on-year increase of 19.79%. Chicken sales revenue was 20,213,700 yuan, an increase of 23.65% from the previous month. Sales data are unaudited for investors' reference.