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On the morning of December 12, 2024, the People's Court of Tongcheng County, Hubei Province publicly pronounced the case of Liu Gang, the former full-time vice chairman of Chengdu Football Association, for corruption, bribery and unit bribery, and sentenced the defendant Liu Gang to seven years in prison for corruption and fined 400,000 yuan. Sentenced to two years in prison for accepting bribes and fined 200,000 yuan; He was sentenced to one year's imprisonment and fined RMB 100,000 for bribery by a company, and decided to execute eight years' imprisonment and fined RMB 700,000. The property obtained from corruption shall be recovered according to law and returned to the injured unit respectively; The property obtained by taking bribes shall be recovered according to law and turned over to the state treasury.US President-elect Trump issued a document saying that the resignation of Christopher Babers, director of the Federal Bureau of Investigation (FBI), is a great day for the United States, accusing the FBI under his leadership of illegal actions, such as illegal search of his home, illegal impeachment and prosecution, which undermined the future of the United States. At the same time, it is believed that Kash Patel is the most qualified candidate to lead the FBI, and he is expected to confirm his leadership position to make the FBI great again. He also said that grassroots FBI personnel and the American people also hope to see these changes.Survey: Most Japanese companies expect Trump 2.0 to damage the business environment. According to a survey in Reuters, nearly three-quarters of Japanese companies expect Trump's second US presidency to have a negative impact on the business environment of Japanese companies. The reasons for concern include the planned tariff increase and trade tensions. The manager of a machinery manufacturer wrote in the survey: "It is difficult to predict his policies, which makes it difficult for our client company to make investment decisions"; Although 73% of the respondents said that Trump's second entry into the White House will not have a favorable impact on their business environment, the rest of the respondents expect a positive impact, including the expectation that domestic demand in the United States will expand through tax cuts, and energy and environmental policies may also be revised; When asked what measures they would take if Trump raised tariffs, two-thirds of the respondents said their business strategy was unlikely to change, 22% said they would cut costs, and 8% said they would work hard to expand their cultivation in markets outside the United States.

Japanese and Korean stock markets opened higher, with the Nikkei 225 index rising 1.21% to 39,849.97. South Korea's KOSPI index rose 0.6% to 2,456.63.Australian Government: Australia will provide Papua New Guinea with $600 million in 10 years to help rugby league teams enter Australia's top leagues.South Korean President Yin Xiyue: The opposition party tried to paralyze the government. The opposition tried to get me out of office.

Musk is worth $447 billion, nearly $200 billion behind Bezos. Tesla shares rose 5.9% on Wednesday to close at $424.77, a record high, surpassing the previous record of $409.97 set on November 4, 2021. According to the Bloomberg Billionaires Index, Musk's worth soared by $62.8 billion overnight to $447 billion, making him the first super-rich man on earth with a net worth of over $400 billion. Musk's current net worth is nearly $200 billion higher than that of the second-ranked Jeff Bezos, who is worth about $249 billion.Shengmei Shanghai issued a statement on the new US export control regulations. Shengmei Shanghai issued a statement on the new US export control regulations, saying that on December 2, the BIS of the US Department of Commerce issued new control measures for semiconductors exported and transferred to People's Republic of China (PRC) (China), covering advanced integrated circuit (IC) products, specific integrated circuit manufacturing equipment and technology, and supercomputers related to artificial intelligence (AI) and advanced computing. According to the new regulations, Shengmei Shanghai and its domestic and Korean subsidiaries are included in the BIS entity list. ACM Research, Inc and its direct subsidiaries outside Chinese mainland are not included in the list. The company is comprehensively evaluating the potential impact of the new regulations on the company's business and operation plans. Based on the current information, the company believes that as the company has established diversified supply chains and alternative resources, the impact on the delivery and service capacity of equipment produced by Shengmei Shanghai and sold to domestic customers will be controllable and manageable. The new regulations will not affect the company's product sales, delivery and service capabilities to overseas customers. Consistent with previous years, the company plans to voluntarily disclose the announcement of 2024 annual operating results and 2025 annual operating results forecast in January 2025.Japan's semiconductor sector rose collectively, with ADVANTEST up nearly 5%, DISCO up over 2% and Renesas Electronics up over 1%.