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US$ 895 billion The US House of Representatives passed the national defense policy bill for fiscal year 2025. On December 11, local time, the US House of Representatives passed the national defense policy bill of US$ 895 billion with 281 votes in favor and 140 votes against, authorizing the Ministry of National Defense to provide funds for fiscal year 2025. It is reported that the bill has now been sent to the Senate.Four people were injured when a bus in Jerusalem was shot, and four people were injured when a bus was shot at a tunnel checkpoint in the south of Jerusalem, one of whom was seriously injured.The onshore RMB closed at 7.2615 yuan against the US dollar at night, down 124 points from Tuesday's night closing. The turnover was $57.609 billion.

Most ETFs in the US stock market closed up, with semiconductor ETFs rising by over 2.4%, Broadcom by over 6.6% and NVIDIA by over 3.1%. On Wednesday (December 11th), semiconductor ETFs closed up by 2.45%, Internet stock index ETF rose by over 2%, global aviation ETF, optional consumer ETF, technology industry ETF and global technology stock index ETF rose by 1.81%-1.17%. Semiconductor concept stocks rose almost across the board, Broadcom rose by 6.63%, NVIDIA Double Long ETF rose by more than 6.1%, Laidisi Semiconductor rose by more than 5.9%, NVIDIA rose by 3.14%, while Intel, Cisco, stmicroelectronics ADR and Chipscreen fell by 0.2%-0.65%.Morgan Stanley downgraded Hikvision to equal rating, with a target price of RMB in 36 yuan. Andy Meng, an analyst at Morgan Stanley, was previously rated as over-matched. The target price is 36 yuan RMB, which is up by 14%.Brazil raised the benchmark lending rate by 100 basis points to 12.25%. Brazil's central bank expects the next two meetings to raise interest rates by the same amount.

The United Nations General Assembly voted to pass two Gaza-related resolutions, and the United States and Israel voted against them again. On December 11th, local time, the 10th emergency special session of the United Nations General Assembly resumed. Before the end of the General Assembly, the General Assembly voted to adopt two resolutions, calling for a ceasefire in Gaza and the release of detainees, and supporting the activities of UNRWA. Among them, the resolution supporting the United Nations Relief and Works Agency for Palestine Refugees in the Near East in fulfilling its mandate received 159 votes in favor, 11 abstentions and 9 votes against. The resolution affirmed its full support for the Agency's mission and denounced the relevant Israeli legislation. The resolution calling for a ceasefire in Gaza received 158 votes in favour, 13 abstentions and 9 votes against. The resolution once again called on Gaza to cease fire and release the detainees, and emphasized the importance of accountability. The United States and Israel voted against both resolutions.Sunac China's domestic debt restructuring has entered a critical stage. "Sunac China has a large number of domestic creditors and a complex structure. Within seven working days, two domestic debt restructurings were approved, reflecting the creditors' recognition of the plan. " People close to Sunac China said. "The biggest feature of Sunac China's restructuring plan is that creditors can choose a variety of restructuring methods, and creditors can choose the appropriate method according to their own capital characteristics." Liu Shui, director of enterprise research at the China Central Finger Research Institute, said that the scheme can reduce the debt scale, greatly extend the debt repayment period, help to repair the company's balance sheet and create conditions for the improvement of the company's operating fundamentals. It is understood that Sunac China is one of the first real estate enterprises in the industry to propose an overall solution to domestic debt. Before that, the industry had experienced a series of debt-conversion explorations such as debt extension, debt restructuring, reverse mixed reform and bankruptcy restructuring, among which debt extension was the first choice for most real estate enterprises to convert debt. (Securities Daily)In response to Trump's tariff threat, the Canadian Prime Minister held another meeting with provincial governors. On December 11, local time, Canadian Prime Minister Trudeau held another meeting with provincial governors to discuss the tariff threat of US President-elect Trump. This is the second time that Trudeau has held a meeting with provincial governors since Trump threatened to impose a high tariff of 25% on Canada last month. It is also the first time that Trudeau has met with governors after having dinner with Trump at Haihu Manor. Trudeau said that if Trump really continues to impose a 25% tariff on all Canadian goods shipped to the United States, Canada is prepared to make some kind of response. The outside world believes that this statement means that Canada will impose retaliatory tariffs on some American goods. (CCTV News)