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HKEx: It is estimated that the T+1 settlement system will be ready by the end of 2025.Commander-in-Chief of Russian Navy: NATO increases its military activities in the Arctic.Piper Sandler lowered the target price of Adobe from 635.00 to 600.00.

CEO of STELLANTIS Europe: We will never pay a fine for the EU emission reduction requirements in 2025, and we are ready to reduce production to avoid this situation.According to Siemens, digital business revenue has more than doubled this year, reaching 1.7 billion euros, exceeding the commitment in 2021 ahead of schedule.Australia's unemployment rate in November was 3.93%, which is estimated to be 4.2%.

Industrial Securities' investment strategy for the construction industry in 2025: internal and external resonance, optimistic about debt conversion and the "Belt and Road" industry, Industrial Securities Research Report said that the construction industry will face certain pressure in 2024, and it is expected that infrastructure investment will remain high in 2025, driven by the debt conversion policy. Review and prospect of plate market: central state-owned enterprises and design plates led the gains, with obvious excess returns. Main line 1: Debt conversion is expected to drive the improvement of the management quality of construction central enterprises. 1) The driving force and mode of action of this debt conversion can be compared with the "Belt and Road" market in 2014 and the PPP market in 2016, and the policy is driven from top to bottom. 2) The institutions' positions in construction central enterprises are low, and the valuation of construction central enterprises is also in the lower position of the historical center. 3) The unprecedented intensity of debt conversion will help the central enterprises to realize the double promotion of EPS and PE. Main Line 2: The Belt and Road Initiative is expected to accelerate and benefit international engineering enterprises. The "Belt and Road" market has accelerated its expansion, and international engineering enterprises are expected to accelerate their going out to sea, and their performance and valuation have both improved.US President-elect Trump: The Abraham Agreement will be expanded and Saudi Arabia will be added.Commander-in-Chief of Russian Navy: NATO increases its military activities in the Arctic.