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TikTok submitted an application to the federal court of Canada to challenge the Canadian government's order to close the company's office. On December 11th, local time, TikTok Canada Branch announced that it had submitted an application to the federal court for review of the government's order to close TikTok's business in Canada. TikTok said that this order will cost hundreds of hard-working local employees their jobs and livelihoods, and they support the community with more than 14 million Canadian users on TikTok every month. TikTok said that it is in the best interest of Canadians to find a meaningful solution and ensure that the local team continues to exist with the TikTok platform. (Interface News)South Korea's KOSPI index rose 1% to 2,442.31.Facewall Intelligence has received a new round of financing of several hundred million yuan. Recently, Facewall Intelligence has completed a new round of financing of several hundred million yuan. This round of financing was jointly led by Loongson Venture Capital, Dinghui Baifu, Zhongguancun Science City Fund and Safran Investment Fund, and Beijing Artificial Intelligence Industry Investment Fund and Zero2IPO followed suit.

The US investment bank explained the downward adjustment of India's economic growth forecast: Based on the short-term economic slowdown and influenced by multiple internal and external factors, according to the Indian media "QRIUS", Uppsala Chachar, chief Indian economist of Morgan Stanley, the US investment bank, predicted that India's GDP growth in fiscal year 2025-2026 would be 6.5%. According to India's Economic Times, at the beginning of this month, Morgan Stanley has lowered India's GDP growth forecast for fiscal year 2024-2025 from the previous 6.7% to 6.3%.Guojin Securities: There is a certain room for the valuation of brokers to rise, focusing on two main lines. Guojin Securities said that looking forward to 2025, liquidity is expected to be further relaxed, market stability will be improved, and a solid market bottom will be built. The improvement of economic fundamentals will be confirmed, and the stock market is expected to go further, which will benefit the valuation and performance of brokerage sectors. Under the background of previous liquidity easing, the valuation of securities firms has expanded to above 1.9X, and the current valuation of securities firms is 1.6X, which has a certain room for growth on the whole. Pay attention to the main line of strong beta business and the main line of mergers and acquisitions.TikTok submitted an application to the federal court of Canada to challenge the Canadian government's order to close the company's office. On December 11th, local time, TikTok Canada Branch announced that it had submitted an application to the federal court for review of the government's order to close TikTok's business in Canada. TikTok said that this order will cost hundreds of hard-working local employees their jobs and livelihoods, and they support the community with more than 14 million Canadian users on TikTok every month. TikTok said that it is in the best interest of Canadians to find a meaningful solution and ensure that the local team continues to exist with the TikTok platform. (Interface News)

Huaneng International and others set up a new energy company in Nanjing with a registered capital of 164 million yuan. According to Sky Eye App, Huaneng (Nanjing Jiangning) New Energy Co., Ltd. was recently established, with the legal representative of Wang Changbin and a registered capital of 164 million yuan. Its business scope includes power generation business, power transmission business, power supply (distribution) business, construction project supervision, wind power generation technical services, energy storage technical services, solar power generation technical services, and investment activities with its own funds. According to shareholder information, the company is jointly owned by Huaneng International Power Jiangsu Energy Development Co., Ltd. and Sino-Singapore Green Investment Private Co., Ltd. under Huaneng International (600011).VESYNC suspended trading in Hong Kong.The President of Argentina announced that a package of financial, political and security reforms will be carried out next year. On December 10, local time, Argentine President Millai said in a televised speech on the first anniversary of his administration that a package of financial, political and security reforms will be carried out in 2025. Millay also announced that the national tax revenue will be reduced by 90%. (CCTV News)