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In the first 11 months of this year, the national railway construction made a new breakthrough. Since this year, the construction of railway projects in many places in China has made a new breakthrough. The reporter learned from China National Railway Group Co., Ltd. that from January to November this year, the national railway completed fixed assets investment of 711.7 billion yuan, up 11.1% year-on-year, and the construction of modern railway infrastructure system was promoted with high quality, which gave full play to the effective driving role of railway investment in the whole society. Recently, a number of railway projects have been opened or will be opened soon: the Milan-Ruoqiang section of Lop Nur-Ruoqiang Railway has been opened for operation; Shanghai started trial operation via Suzhou-Huzhou high-speed railway, Jining via Datong-Yuanping high-speed railway, and Huairou-Daxing intercity railway from Langfang North to Daxing Airport. At the same time, the railway department promoted railway construction with high quality and efficiency, strengthened safety, quality, environmental protection and investment control, and made positive progress in a number of key projects. (Xinhua News Agency)Southwest Securities: Chongqing Stock Transfer Center intends to absorb and merge its parent company, Chongqing Stock Service Group. Southwest Securities announced that Chongqing Stock Transfer Center intends to absorb and merge its parent company, Chongqing Stock Service Group. After the absorption and merger, all assets, liabilities and rights and interests of Chongqing Stock Service Group will be transferred to Chongqing Stock Transfer Center, Chongqing Stock Transfer Center will survive, and Chongqing Stock Service Group will be disqualified as a legal person.Jinshi Resources: It is planned to set up a subsidiary in Mongolia and invest in the construction of fluorite concentrator project. Jinshi Resources announced that it plans to set up a wholly-owned subsidiary "Lacwest FILLC" in Mongolia through its holding subsidiary Zhejiang Huameng Holdings Co., Ltd. to implement the construction of a fluorite concentrator project with a capacity of 1,500 tons/day. The total investment of this project is RMB 173 million.

Boeing also exposed nearly 1,000 layoffs. According to 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. The Associated Press reported on the 9th that Boeing's latest layoffs involved nearly 400 people in Washington State and more than 500 people in California. The posts to be abolished include engineers, personnel and analysts, affecting Boeing's civil, defense and global service departments. In a document submitted to the government in mid-November, Boeing said that it plans to lay off about 2,500 people, and with the latest report of nearly 1,000 people, Boeing has recently laid off about 3,500 people. Kelly Otterberg, CEO of Boeing, said that layoffs are not due to strikes, but to redundancy. The strike of Boeing's 33,000 people's congress lasted for nearly two months, which caused the production of Boeing's various passenger planes to encounter obstacles. The workers who took part in the strike voted on November 4 to accept the terms of the new labor agreement and end the strike. According to an insider's disclosure on the 9th, Boeing resumed production of the 737 MAX passenger plane on the 6th. Reuters commented that it is very important for Boeing to restart the production of this aircraft. Boeing now holds about 4,200 orders for 737 MAX. (Xinhua News Agency)Malaya Investment Bank: The economies of many ASEAN countries are expected to maintain growth in 2025. The Malaya Investment Bank released a report on the 10th, showing that in 2025, the economies of ASEAN countries still have growth resilience and potential, despite the risk factors such as the shift of US economic policy, the increasing global trade tension and inflationary pressure. The report predicts that in 2025, the gross domestic product (GDP) of six ASEAN countries, namely Malaysia, Indonesia, the Philippines, Singapore, Thailand and Vietnam, will maintain an economic growth rate of 4.7%. (Xinhua News Agency)Southwest Securities: Chongqing Stock Transfer Center intends to absorb and merge its parent company, Chongqing Stock Service Group. Southwest Securities announced that Chongqing Stock Transfer Center intends to absorb and merge its parent company, Chongqing Stock Service Group. After the absorption and merger, all assets, liabilities and rights and interests of Chongqing Stock Service Group will be transferred to Chongqing Stock Transfer Center, Chongqing Stock Transfer Center will survive, and Chongqing Stock Service Group will be disqualified as a legal person.

Anbotong: Signed a 153 million yuan intelligent computing center construction contract. Anbotong announced that the company and Wuxi Yixin Intelligent Computing Technology Co., Ltd. signed the "Wuxi Software Park Artificial Intelligence Intelligent Computing Center Platform Construction Project Contract". The contract amount is RMB 153 million, which will be used to provide intelligent computing center platform construction services and AI computing equipment. The contract shall come into effect after being signed and sealed by the legal representatives or authorized representatives of both parties. This cooperation aims at accelerating the layout of the company in the digital economy industry, enhancing the R&D and innovation capability of artificial intelligence networks, thus optimizing the business structure and enhancing the comprehensive competitiveness. The smooth performance of the contract is expected to have a positive impact on the company's future performance.The scale of China's AI core industry is nearly 600 billion yuan. Generative artificial intelligence enterprises set off a price war. According to the Report on the Development of Generative Artificial Intelligence Applications in 2024, as of June, the number of users of China's generative artificial intelligence products has reached 230 million. At present, the number of enterprises has exceeded 4,500, and the scale of core industries is close to 600 billion yuan. According to industry insiders, compared with the input cost of several billion yuan, the large model enterprises are not commercialized at present, and the realization is slow. A large number of generative artificial intelligence enterprises in the market, in order to compete for users, set off a round of computing power price war in the industry, and the price of large model computing power once dropped by as much as 90%. (CCTV Finance)Bank of America Securities set Lilly's target price at $997.00.