Mexican Economy Minister Ebrard: Mexico's auto exports to the US will decline by less than 3% by 2025.

Bank of Korea Governor Lee Chang-yong: It is necessary to change expectations that the Korean won will depreciate further.

Domestic News: 1. Shanghai and Shenzhen stock exchanges adjust margin requirements for financing, raising them from 80% to 100%. 2. Ctrip is under investigation and has been summoned for talks multiple times in the past year. 3. Canadian Prime Minister Carney arrives in Beijing for his first official visit to China since taking office. 4. Three departments hold a symposium with new energy vehicle companies: resolutely resist disorderly "price wars." 5. The Ministry of Finance holds a national video conference on the coordinated fiscal and financial policies to promote domestic demand. 6. The People's Bank of China will conduct 900 billion yuan of outright reverse repurchase operations on January 15, with a term of 6 months (181 days). 7. The State Council Information Office holds a press conference on January 15 on the effectiveness of monetary and financial policies in supporting the high-quality development of the real economy. 8. Three departments: Taxpayers who sell their own housing and repurchase housing on the market within one year of the sale will receive a tax refund. International News: 1. The Danish Ministry of Defense confirms troop buildup in Greenland. 2. The US has suspended visa processing for all countries with visas issued by 75 countries. 3. Japan's Finance Minister and top foreign exchange official both warned yesterday about excessive volatility in the yen. 4. The US Supreme Court did not rule on the legality of Trump's tariffs; the next ruling window is next Tuesday or Wednesday. 5. Trump: Imposes a 25% tariff on imported chips not used in US AI. White House: May expand chip import tariffs soon. 6. The gold-silver ratio fell below 50 for the first time since March 2012. Spot silver hit a new high of $93.45, and gold hit a new high of $4642. 7. Data—US November PPI rose slightly month-on-month; retail sales growth exceeded expectations. The third quarter of last year recorded the smallest trade deficit since the second quarter of 2023. 8. Iran situation—① Trump said he had been told that Iran's "killing" was stopping and there were no plans for executions. Oil prices immediately plummeted 4%. ② US officials said the US is withdrawing personnel from several major bases in the Middle East. ③ British media: The Trump administration has obtained a list of 50 high-value Iranian military targets. ④ The Iranian Revolutionary Guard claims to have reached maximum combat readiness and its missile stockpile has increased. ⑤ US reconnaissance aircraft flew along the Iranian border. ⑥ Several countries urged their citizens to leave Iran. 9. Federal Reserve—① Kashkari: Trump's threats are actually a monetary policy issue; there is no need for a rate cut in January. ② Paulson: A small rate cut later this year may be more appropriate. ③ Beige Book: Overall economic activity in eight regions grew at a slight to moderate pace, three regions reported no change, and one region reported a moderate decline. ④ Republicans: Powell may miss the twice-yearly congressional hearings. ⑤ Bostic stated that the challenge of controlling inflation has not yet been won and restrictive policies must continue. ⑥ Milan criticized foreign central bank policymakers for inappropriately defending Powell.