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..... 2) More positive policy signals are expected to drive the market for resource goods.On the third day of live broadcast, OpenAI announced that Sora was officially launched to users. It can directly generate videos with a maximum of 20 seconds and a maximum of 1080P through text, and at the same time support text+pictures/videos to generate specific video content, making the generation effect of the model more controllable. On the fourth day of live broadcast, OpenAI announced its "new way of ChatGPT writing and programming" Canvas announced in October, which can help users work efficiently with large models. On December 10th, PixelDance, a video generation model in ByteDance, was officially launched for internal testing in the computer version of Bean Bag, and some users have opened the experience portal. The online video generation function of bean curd computer version can be experienced by some users.In terms of industry funds, as of the close, the net inflow of communication equipment, optics, optoelectronics and consumer electronics ranked high, of which the net inflow of communication equipment was 2.365 billion.

..... In terms of individual stocks, the number of stocks rose by more than 3,800, the speculation of theme stocks was high, and the number of stocks with daily limit exceeded 150. The commercial department store sector lifted the daily limit tide, Tik Tok bean bags and consumer electronics concept stocks rose collectively, and many stocks such as Guangdong and Guangxi rose daily limit. Shanghai's state-owned enterprise reform concept stocks were active, with more than 10 shares in Shibei waiting for the daily limit. The trend of robot concept stocks is divided, and more than 20 stocks such as Ai Shi have daily limit.Record of resumption of trading on 12.11: The three major indexes were mixed and continued to fluctuate.Record of resumption of trading on 12.11: The three major indexes were mixed and continued to fluctuate.

ⅴ) Institutional viewpoint