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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.Afternoon comments on Hong Kong stocks: The Hang Seng Index basically closed flat, and the Hang Seng Technology Index fell by 0.23%. Hong Kong stocks closed at noon, the Hang Seng Index basically closed flat, and the Hang Seng Technology Index fell by 0.23%. Haidilao and Nongfu Spring rose more than 3%, and the same journey and the drop of nearly 3%.According to a survey conducted by the Monetary Authority of Singapore, Singapore's GDP growth rate is expected to be 3.6% in 2024 (previously 2.6%) and 3.1% in the fourth quarter of 2024 (previously 2.2%).

Bank of Communications International: In November, the penetration rate of new energy vehicles in the mainland was 52.3%, and the performance in December was optimistic. Bank of Communications International published a research report to give the mainland auto industry a leading rating. According to the report, the retail sales of passenger cars increased by 16.5% year-on-year in November; The retail penetration rate of new energy vehicles was 52.3%, exceeding 50% for the fifth consecutive month, and the retail sales of new energy vehicles increased by 50.5% year-on-year. In November, the export growth slowed down, and the proportion of new energy vehicles fell to 20%. The bank pointed out that considering that the Spring Festival in 2025 is earlier than that in 2024, some car purchases before the Spring Festival will be completed by the end of 2024, and the subsidy policy for trade-in will enter the final stage in December, and some car companies are also sprinting sales through promotional activities. The bank expects the passenger car market in December. It is expected to maintain the potential of the current retail sales to continue to increase year by year. However, after the sales sprint in December, the auto market entered the off-season of consumption, so it is necessary to be cautious that the stock price performance of the auto sector may fluctuate.Bank of Communications International: In November, the penetration rate of new energy vehicles in the mainland was 52.3%, and the performance in December was optimistic. Bank of Communications International published a research report to give the mainland auto industry a leading rating. According to the report, the retail sales of passenger cars increased by 16.5% year-on-year in November; The retail penetration rate of new energy vehicles was 52.3%, exceeding 50% for the fifth consecutive month, and the retail sales of new energy vehicles increased by 50.5% year-on-year. In November, the export growth slowed down, and the proportion of new energy vehicles fell to 20%. The bank pointed out that considering that the Spring Festival in 2025 is earlier than that in 2024, some car purchases before the Spring Festival will be completed by the end of 2024, and the subsidy policy for trade-in will enter the final stage in December, and some car companies are also sprinting sales through promotional activities. The bank expects the passenger car market in December. It is expected to maintain the potential of the current retail sales to continue to increase year by year. However, after the sales sprint in December, the auto market entered the off-season of consumption, so it is necessary to be cautious that the stock price performance of the auto sector may fluctuate.According to a survey conducted by the Monetary Authority of Singapore, economists raised Singapore's GDP growth forecast from 2.6% to 3.6% in 2024.

Boeing also exposed nearly 1,000 layoffs. According to Xinhua News Agency, citing American media reports, American aircraft manufacturer Boeing will lay off employees again, involving nearly 1,000 people in Washington State and California. This batch of layoffs is part of Boeing's plan to lay off 17,000 people worldwide announced in October.UN spokesman: Oppose any violation of Syrian territorial integrity. UN Secretary-General's spokesman Dujaric said on the 10th that the UN still regards the Golan Heights as occupied territory and opposes any violation of Syrian territorial integrity. On the report that the Israel Defense Forces recently attacked hundreds of Syrian military targets, Dujaric said at a regular press conference that day, "We explicitly oppose any violation of Syria's territorial integrity ... We oppose such attacks." He stressed that the United Nations still regards the Golan Heights as occupied territory, and the occupation of the buffer zone by the Israel Defense Forces violated the disengagement agreement.Monetary authority of singapore survey shows that economists predict that Singapore's core inflation rate will be 1.8% in 2025 and 2.8% in 2024 (the previous value is 2.9%).