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Nanchang land port "Changsha-Xiamen-Hong Kong Link" rail-sea intermodal train was opened. On the morning of December 12th, two trains loaded with "Made in Jiangxi" drove out of Nanchang land port in turn under the supervision of Ganjiang New District Customs, marking the official opening of the "Changsha-Xiamen-Hong Kong Link" rail-sea intermodal train from Nanchang land port to Xiamen Port, which greatly boosted the construction of modern logistics system in Jiangxi to a new level. Compared with the past, under the new mode of "Changsha-Xiamen-Hong Kong Link", the transportation efficiency of goods destined for Southeast Asia is shortened by 5-7 days, and the transportation cost is reduced by 20%. (CCTV News)Korean media: South Korea's ruling party has added another person to support the impeachment of Yin Xiyue, and the number of members in favor has now increased to six. According to the latest news in Yonhap News Agency, Zhongwu Qin, a member of parliament of South Korea's ruling National Power Party, said on the 12th that he would vote for the impeachment of the president on the 14th. Yonhap News Agency said that so far, the number of members of the ruling party who have publicly expressed their support for the impeachment of President Yin Xiyue has increased to six.Korean Air passed the US antitrust review, clearing the way for completing the Asiana Airlines transaction.

Citigroup slightly lowered South Korea's GDP growth forecast to 1.5% next year. It is expected that the Bank of Korea will cut interest rates next month. Citigroup released a report saying that considering the worse economic sentiment in South Korea this month, it slightly lowered its GDP forecast for this year and next year by 0.1 percentage point to 2.1% and 1.5% respectively. The bank slightly lowered Korea's GDP growth forecast for the last quarter of this year by 0.1 percentage point to rise by 0.3% quarterly, and raised its GDP growth forecast for the first quarter of next year by 0.1 percentage point to rise by 0.6% quarterly. Looking forward to the first quarter of next year, the bank expects South Korea to adopt a combination of expansionary policies, including the Bank of Korea's expected interest rate cut to 2.75% in mid-January, and the government's expected additional budget of 30 trillion won (equivalent to about 1.1% of GDP next year). It is expected that the Bank of Korea will cut interest rates by 25BP each in January, April, July and October next year, and the final interest rate is expected to be 2%.Lan Foan met with World Trade Organization Director-General Ivira. On December 9, 2024, Minister Lan Foan met with World Trade Organization Director-General Ivira in Beijing. The two sides exchanged views on enhancing the transparency of subsidy policy, supporting the operation of global trust funds and maintaining the multilateral trading system.Samsung Electronics will hold its 2025 strategy meeting next week. Yonhap News Agency quoted unnamed industry sources as saying that Samsung Electronics will hold its 2025 global strategy meeting next week. The electronic products business meeting is scheduled to be held on Tuesday and Wednesday, while the semiconductor department meeting will be held on Thursday. The main agenda items include the upcoming Galaxy S25 smartphone. Lee Jae-yong, the company's executive chairman, is not expected to attend these meetings.

India's NIFTY 50 index fell, with the latest drop of 0.1%.This year, the amount of M&A transactions involving listed companies in Hong Kong has reached 38 billion US dollars, which has triggered a rare bidding war. This year is expected to be the busiest year for M&A transactions involving listed companies in Hong Kong in the past decade, with industries ranging from skin care products to logistics real estate, and the bidding war has also warmed up. It is reported that China Mobile's bid for Hongkong Broadband may face competition from American private equity firm I Squared Capital. Bi Hua, chairman of Fenmei Packaging, is negotiating with Qihao Capital to jointly counter the privatization offer of Shandong Xinjufeng. The data shows that the scale of M&A transactions for listed companies in Hong Kong has reached $38 billion this year, the highest level since 2017, including the merger of Guotai Junan Securities and Haitong Securities, a smaller competitor, to become the largest brokerage firm in China.Home improvement stocks continued to rise, with daily limit of Wole Home, Meike Home, Yazhen Home, Mengtian Home, Jinpai Home and Double Gun Technology, while Dinggu Set rose by over 10%, while Shangpin home delivery, Fun Sleep Technology and Wrigley Home rose by over 5%.