Bank of England Governor Bailey will attend the “Bellagio Conference 2026” in ten minutes.

Domestic News: 1. The People's Bank of China (PBOC) launched eight measures to increase support from structural monetary policy tools, including lowering interest rates on various structural monetary policy tools by 0.25 percentage points and reducing the minimum down payment ratio for commercial housing loans to 30%. 2. Li Qiang held talks with Canadian Prime Minister Mark Carney. 3. Wang Yi spoke with Iranian Foreign Minister Araghchi by phone. 4. The State Grid Corporation of China's fixed asset investment is expected to reach 4 trillion yuan during the 15th Five-Year Plan period. 5. The Philippines announced visa-free entry for Chinese citizens, with a maximum stay of 14 days. 6. Apple Pay and Visa support cross-border payments for Chinese cardholders. 7. Media reports indicate that the retroactive period for tax payments on overseas income could extend to 2017. 8. PBOC Vice Governor Zou Lan stated that there is still room for further reserve requirement ratio and interest rate cuts this year. 9. China Aerospace Science and Technology Corporation (CASC) announced that it will focus on breakthroughs in reusable rocket technology and vigorously develop commercial spaceflight this year. International News: 1. US media: Trump postpones decision on whether to launch a military strike against Iran. 1. The Prime Minister advised Trump not to attack yet, but to attack hard. 2. Goldman Sachs CEO praised the prediction market and plans to enter the real-event trading market. 3. US mortgage rates fell to a three-year low, with Trump's $200 billion bond-buying program showing initial results. 4. A bipartisan group of US lawmakers will propose establishing a $2.5 billion "strategic resilience reserve" for key minerals. 5. US initial jobless claims were lower than expected, and the November import price index saw its largest increase since April 2024. 6. Sources say the Bank of Japan may keep interest rates unchanged in January. The Bank of Japan is reportedly more focused on the weak yen than before. 7. South American situation—① Sources say the US military has seized a sixth oil tanker linked to Venezuela. ② The US is pressuring Mexico to allow US troops to cross borders to combat drug trafficking. ③ Trump said he would travel to Venezuela, and the acting Venezuelan president is expected to visit the US. ④ Venezuelan opposition leaders met with Trump, who refused to endorse his rule. 8. Federal Reserve – ① Goolsby: Given ample signs of a stable job market, the central bank should focus on reducing inflation. ② Bostic: Inflation is too high; a tight policy needs to be maintained. ③ Paulson: Supports keeping interest rates unchanged at the next meeting. ④ Schmid: Monetary policy is not currently very tight; there is almost no reason to cut rates at this time. ⑤ Daly: Policy is in a “good position”; adjustments should be made cautiously.

Former South Korean President Yoon Seok-youl was sentenced to five years in prison in his first trial, but this was just the beginning of a series of cases, with South Korean prosecutors even requesting the death penalty...