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Goldman Sachs: Preliminary data from EPFR show that the allocation of global mutual funds to China stocks declined in November. On the asset-weighted basis, active mutual funds still underallocate China stocks by 290 basis points. This week, China stock funds ushered in a strong inflow of $5.6 billion, breaking the previous trend of outflow for seven consecutive weeks.The Brazilian real fell by 1% against the US dollar, the worst among emerging market currencies.European members of NATO are considering increasing the proportion of military expenditure. On December 12th, the Financial Times reported that some European members of NATO are considering increasing the proportion of national defense expenditure in their gross domestic product (GDP) from the current 2% to 3%, which will bring budgetary pressure to many European countries.

The Brazilian real fell by 1% against the US dollar, the worst among emerging market currencies.US lawmakers say it is too early to lift sanctions against Syria, and US Republican and Democratic senators say it is too early to consider lifting sanctions against Syria after President Assad steps down, which shows that Washington is unlikely to change its policy in the short term.British Prime Minister's Spokesman: Stamer told G7 that Assad should be welcomed to step down, but we must be cautious about what happens next. The leaders of the Group of Seven agreed that the territorial integrity, independence and sovereignty of Syria must be respected.

Market News: Belarusian President Lukashenko approved the budget of Belarus in 2025.British Prime Minister's Spokesman: Stamer told G7 that Assad should be welcomed to step down, but we must be cautious about what happens next. The leaders of the Group of Seven agreed that the territorial integrity, independence and sovereignty of Syria must be respected.The European Bank for Reconstruction and Development has provided Ukraine with over 5.4 billion euros in financing. The European Bank for Reconstruction and Development issued a statement saying that it will provide Ukraine with 267 million euros in funds for emergency repair of Ukraine's highways leading to the border between Hungary and Slovakia. It is reported that since the conflict between Russia and Ukraine, the European Bank for Reconstruction and Development has provided Ukraine with more than 5.4 billion euros in financing.