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Minister of Trade and Industry of Malaysia: ZTE will invest 45.2 million US dollars to establish two innovation centers in Malaysia. Malaysian Minister of Investment, Trade and Industry Zavrl said that ZTE plans to invest 200 million ringgit (45.2 million US dollars) to establish two innovation centers, and introduce its latest 5G technology to Malaysia through cooperation with local operators. ZTE Malaysia is also building a regional center of excellence to support its global business. Zavrl said that 95% of ZTE's 5G equipment uses Malaysian chips.Market News: South Korea's National Assembly passed the resolution of the special prosecutor to investigate martial law. 

On the 10th, South Korea's National Assembly voted to pass the "Permanent Special Inspection Law for Civil Disturbances" which requires the investigation of President Yin Xiyue. (Xinhua News Agency)Uni-President's November sales amounted to NT$ 51.74 billion, up 7.43% year-on-year. 

Chongqing State-owned Assets Supervision and Administration Commission: Resolutely lay a solid foundation for comprehensively deepening the reform of state-owned enterprises and accelerate strategic restructuring and professional integration. Chongqing State-owned Assets Supervision and Administration Commission officially announced today that on December 9, Chongqing State-owned Assets Supervision and Administration Commission held a December 2024 economic operation scheduling meeting for municipal key state-owned enterprises. The meeting stressed that it is necessary to resolutely fight a tough battle to comprehensively deepen the reform of state-owned enterprises in light of the landmark achievements of the "five new breakthroughs." It is necessary to promote the reshaping of the main business of the group to achieve a "new breakthrough", focus on the reshaping of the main business of the group, further sort out the business of the sub-enterprises, effectively support the core functions and main business of the group, and enhance the core competitiveness; Promote "new breakthroughs" in stopping losses and controlling losses, further promote structural adjustment, reduce costs and increase efficiency, and revitalize assets, and strive to control the losses of municipal state-owned enterprises at the target ratio by the end of the year; Promote slimming and fitness to achieve a "new breakthrough", accelerate strategic restructuring and professional integration, and accelerate the reduction of the number of legal entities and reduce the management level of enterprises in accordance with the requirements of reduction. It is necessary to focus on the most realistic and urgent problems that restrict high-quality development, and promote state-owned state-owned enterprises to further comprehensively deepen reforms.Huatai Securities: The target price of Yum! China was raised to HK$ 472.48, and the "Buy" rating was maintained.The modern factory project is expected to start in the fourth quarter of 2026.