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Market news: South Korea's ruling party will hold a meeting on Saturday to decide whether to impeach the president.Canada is considering imposing tariffs on key resources exported by the United States, calling this a "last resort". It is reported that Canada is currently studying the imposition of export taxes on its main commodities exported to the United States, including uranium, oil and potash fertilizer. According to officials familiar with the internal discussions in the Canadian government, export tariffs will be Canada's last resort (if US President-elect Trump fulfills his promise to impose extensive tariffs). Retaliatory tariffs on American-made goods and export controls on some Canadian products will be more likely to be introduced first. But these officials said that if Trump decides to launch a full-scale trade war, Canada's export tax on goods is a practical choice. The Trudeau government may also propose to expand the power of export control.Market News: The European Central Bank is prepared to cut interest rates by 25 basis points at the next two meetings.

Market News: Argentine President Milei met with Rio Tinto CEO Meloni in Rome.The US House of Representatives passed a bill to add 66 federal judges in the United States. On December 12, local time, the US House of Representatives passed a bill with 236 votes in favor and 173 votes against, and planned to add 66 federal judges nationwide to alleviate the shortage of federal courts. This is the first major expansion of the US federal judicial system since 1990. The bill stipulates that the number of judges will be gradually increased in six stages in the next 11 years, covering 25 federal district courts in 13 States, including California, Florida and Texas.Ukrainian Ministry of Agriculture: It is estimated that Ukraine's grain output will be close to 55 million tons in 2024, compared with the previous estimate of 54 million tons. It is estimated that Ukraine's grain exports in 2024/25 may include 16.2 million tons of wheat, 20.5 million tons of corn and 2.9 million tons of barley. It is estimated that Ukraine's total grain export in 2024/25 will be 40.3 million tons, compared with 51 million tons in 2023/24.

The self-built valuation model of bank wealth managers has met with "standardization": some institutions have re-adopted the strategy of excess return of the bank's tier-2 capital bonds with the valuation system of China Securities and China Securities, and recently, the regulatory authorities issued a document to the bank wealth management subsidiary, demanding that the self-built valuation model should not be used to smooth the net value fluctuation, and the valuation standards provided by third parties such as China Securities and China Securities should be adopted, and self-inspection and rectification should be carried out. The purpose of this move is to prevent the bank's wealth management subsidiaries from adjusting product income through self-built models, and to carry out "fund pool" business in disguise to ensure market fairness. At present, a number of bank wealth management subsidiaries have received this document, and have begun to adjust the net value calculation methods of day-opening and closed wealth management products, and re-adopt third-party valuation for investment products such as bank tier 2 capital bonds. A person from a bank financing subsidiary told reporters that he heard that the financial supervision department held a small-scale meeting last week, asking the bank financing subsidiary to respect the new asset management rules and not to violate accounting standards. In addition, the relevant departments also require the financial subsidiaries of banks that have used the self-built valuation model to carry out rectification, and the financial subsidiaries that have been notified shall submit corresponding rectification plans and measures reports within one month. In the view of the above-mentioned bank wealth managers, it is not excluded that some bank wealth management subsidiaries have lowered the allocation ratio of bank tier-2 capital bonds due to the influence of regulatory policies, because when the self-built valuation model is "standardized", the strategy of over-allocating bank tier-2 capital bonds to obtain excess returns becomes increasingly difficult when the net product value fluctuates relatively smoothly. (per meridian)Israel pressured the Palestinian National Authority to search for militants. The Palestinian National Authority admitted on the 12th that Palestinian security forces killed a 19-year-old civilian man during an operation in the West Bank city of Jenin earlier this week. Palestinian Islamic Resistance Movement (Hamas) accused the Palestinian National Authority of searching for "resistance fighters" and said that Palestine should avoid internal conflicts. According to Israeli media reports, the Israeli side pressured the Palestinian National Authority to intensify the search, and threatened that if the Palestinian security forces could not do it, the Israeli army would do it. (Xinhua News Agency)BYD Lian Yubo: It is estimated that BYD will sell 4.25 million vehicles in the whole year. On December 13th, BYD's chief scientist Lian Yubo said: "Up to now, BYD has sold more than 10 million new energy vehicles. By the end of this month, we can probably achieve the annual sales of 4.25 million vehicles. " He also mentioned: "There are still some challenges in industrial development. For example, the overall anti-risk ability of our industrial chain needs to be improved, and there are still breakthroughs in chips, operating technologies, industrial software and nuclear materials. We still need to strengthen research and achieve complete autonomy and controllability."