The newly revised Foreign Trade Law will come into effect on March 1, 2026. (Xinhua)

Brent crude oil fell 2.00% on the day, currently trading at $61.05 per barrel.

Domestic News: 1. China takes countermeasures against 20 US military-related companies and their senior managers. 2. The People's Bank of China releases the "China Financial Stability Report (2025)". 3. Ministry of Industry and Information Technology: The core artificial intelligence industry will exceed one trillion yuan in scale this year. 4. State Administration for Market Regulation conducts guidance on regulating price competition in the photovoltaic industry. 5. The National Venture Capital Guidance Fund is launched to guide financial capital to invest in long-term, hard technologies. 6. A spokesperson for the Ministry of Industry and Information Technology revealed that the added value of industries above designated size is expected to increase by 5.9% year-on-year. 7. National Energy Administration: As of the end of November, the national cumulative installed power generation capacity reached 3.79 billion kilowatts, a year-on-year increase of 17.1%. 8. National Development and Reform Commission: For the "new three" industries—new energy vehicles, lithium batteries, and photovoltaics—the key lies in regulating order and innovation-driven development. 9. Ministry of Industry and Information Technology: Developing emerging pillar industries such as integrated circuits, new displays, new materials, aerospace, low-altitude economy, and biomedicine. 10. The Ministry of Finance and three other departments issued the "Guiding Opinions on Further Leveraging the Role of the Government-Backed Financing Guarantee System to Strengthen Support for Employment and Entrepreneurship." 11. The Shanghai and Shenzhen Stock Exchanges launched fee reduction measures for 2026, with expected reductions exceeding 1.9 billion yuan. 12. The General Office of the State Financial Supervision and Administration Bureau issued the "Implementation Plan for High-Quality Development of Digital Finance in the Banking and Insurance Industries." 13. The State Administration for Market Regulation revised and issued regulations to prevent the abuse of administrative power to exclude or restrict competition. 14. China's first batch of Level 3 autonomous vehicles began large-scale operation on public roads. 15. Based on the experience gained from pilot programs in some regions, the People's Bank of China and the State Administration of Foreign Exchange decided to promote the integrated RMB and foreign currency fund pool business of multinational corporations nationwide. 16. Guotou Silver LOFC fund units will suspend subscriptions starting next week. International News: 1. The Japanese Cabinet approved a record initial budget for fiscal year 2026, totaling 122.3 trillion yen. 2. South Korea's special prosecutor's team is seeking a 10-year prison sentence for Yoon Seok-yeol on charges of obstructing an arrest. 3. Iranian state media: Iran has seized a foreign oil tanker carrying smuggled fuel in the Gulf. 4. Saudi Arabia launched airstrikes on military outposts belonging to the Southern Transitional Council in Yemen's southeastern Hadramawt province. 5. Japanese Prime Minister Sanae Takaichi: Japan expects to achieve its first primary fiscal surplus in 28 years in fiscal year 2026. 6. Ukraine reports that Trump and Zelensky are scheduled to meet on Sunday to finalize a peace agreement. 7. Zelensky: If Putin agrees to a 60-day ceasefire, a national referendum on the "peace plan" will be held. 8. The ceasefire between Thailand and Cambodia will begin on December 27th local time, followed by a 72-hour monitoring period.