Russia's Justice Ministry on the 23rd announced temporary restrictive measures against the first 12 Russians abroad. Russian media said the move allows law enforcement to temporarily freeze these individuals' funds and other assets and to deny lending and transfer services.

S&P Dow Jones Indices said it has revised rules for classifying stocks as growth or value, adding intangible assets, expected earnings and free cash flow to valuation assessments and removing 12‑month price momentum from growth metrics. The changes, adopted after a recent consultation, will take effect at the annual index reconstitution before market open on Dec. 21. The reclassification could force index-tracking funds to rebalance to match new constituents; analyst James Seifert estimates at least $375bn of passive assets are linked to affected indices. S&P said the move responds to long-running questions over the usefulness of traditional value measures; researchers and managers have pointed to value’s long-term underperformance and flaws in metrics such as price-to-book.

MOFCOM spokesperson, responding to the US release of draft rules on foreign investment restrictions, urged Washington to respect market-economy principles, cease broadening the national-security concept and politicizing or weaponizing economic and trade issues, and create a favorable environment for China-US economic and trade cooperation.