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Barclays: Raise the target price of Standard Chartered from 940p to 970p.The CSRC approved the registration application of Jiangnan New Materials Technology Co., Ltd. for initial public offering of shares.Yiling Pharmaceutical Co., Ltd.: The application for clinical trial of Lianhua Yuping Granule was approved, and Yiling Pharmaceutical announced that Beijing Yiling, a wholly-owned subsidiary, received the Notice of Approval for Clinical Trial of Drugs approved and issued by National Medical Products Administration on December 12, 2024, and agreed to carry out clinical trial of Lianhua Yuping Granule for qi deficiency syndrome of common cold.

The Kuala Lumpur Composite Index of Malaysia closed up 0.4% at 1,608.75.UBS: Reduce Adobe's target price from $550 to $525, and maintain a "neutral" rating.Shen Zhiqun, China Investment Association: Accelerate the formation of technology and finance service support system with equity investment as the mainstay. On December 13th, the 2024 Yangtze River Economic Belt (Gongqingcheng) Fund Innovation and Development Conference with the theme of "Science and Technology Innovation Empowers High-quality Development and Venture Capital Helps' 1269' Action Plan" was held in Gongqingcheng, Jiangxi Province. Shen Zhiqun, Chairman of the Venture Capital Committee of China Investment Association and Assistant to the former President of the Macro Institute of the National Development and Reform Commission, delivered a speech at the conference. Venture capital is an important capital force to promote scientific and technological innovation and industrial innovation. Especially under the impetus of policies, an ecological environment that fully supports and promotes the high-quality development of venture capital is gradually taking shape and constantly improving and optimizing. (SSE)

Director of the International Energy Agency (IEA): Geothermal energy is suitable for providing a large amount of stable energy for data centers. The IEA said on Friday that shale drilling technology, which has led to a sharp increase in oil and gas production, has also stimulated the development of geothermal energy. In theory, geothermal energy can provide a stable power source equivalent to the total demand of India and the United States. Fatih Birol, director of the International Energy Agency, said after the agency released its first report on geothermal energy that geothermal energy is suitable for providing a large amount of stable energy for data centers. Birol said: "One of the demands for geothermal energy is the demand for electricity in data centers. The demand for data centers in the United States is great, and they need all-weather electricity, which makes geothermal very suitable. " Birol said that unlike renewable energy such as wind energy and solar energy, geothermal energy can be a sustainable energy source, but it is still in its infancy and needs a lot of investment and support from the government. The incoming Trump administration said it would promote more oil and gas drilling and hoped to reduce the green energy plan, but Birol saw no reason not to increase the use of geothermal energy. According to the data of the International Energy Agency, by 2050, the global geothermal heating may increase to 800 GW, accounting for 15% of the global demand growth, and the annual output is equivalent to the current total demand of the United States and India. According to the report of the International Energy Agency, global investment will exceed $1 trillion by 2035 and $2.8 trillion by 2050, of which about 75% will be invested in power generation facilities.In the first three quarters, China's total cargo transportation was 41.63 billion tons, up 2.3% year-on-year. The China Federation of Logistics and Purchasing released the China Road Freight Development Report (2023-2024) today (13th). According to the report, due to the adjustment of transportation structure, although the proportion of road transportation in China has declined, it is still the main body of the freight market, and road freight has maintained steady growth. According to the report, in the first three quarters of this year, China's total cargo transportation was 41.63 billion tons, up 2.3% year-on-year. From the perspective of freight structure, the proportion of freight undertaken by railway and waterway transportation has increased, while the proportion of road transportation has decreased. In the first three quarters, the volume of road freight transport was 30.66 billion tons, up 3.1% year-on-year, accounting for more than 73%. Road transport is still the main body of the freight market. (CCTV News)BOC International: Reiterating that China Telecom is the first choice for the "buy" rating of Chinese telecom stocks, BOC International published a research report that the contribution of cloud services to revenue and profit continues to promote the growth of Chinese telecom operators, and cloud and artificial intelligence services are becoming the only sustainable driving force for Chinese telecom operators' revenue and EBITDA. China Telecom and China Unicom have recorded steady growth in profit margin of EBITDA in two quarters this year. With the development of state-owned enterprises and local governments, the bank expects to support the development of end-to-end proprietary cloud infrastructure services for telecom operators for a long time to improve security and regulatory requirements, and at the same time, Chinese telecom stocks can provide attractive valuation and dividend returns to support their long-term performance. Therefore, it reiterates its "buy" rating for Chinese telecom stocks, with China Telecom as the first choice, followed by China Unicom and China Mobile.