The Week Ahead (Dec. 22 to 28): China’s Top Legislators Meet; U.S. Tightens Biometric Entry Rules
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Dec. 22 to 27: China’s top legislature opens key year-end session
The Standing Committee of the 14th National People’s Congress holds its session in Beijing to review draft laws including the environment code and revisions to the Foreign Trade Law. The agenda for China’s top legislative body also covers the national development planning law and other legal updates.
Dec. 22: Nasdaq 100 rebalancing takes effect
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- China’s legislature reviews key draft laws, including the environment code, while Nasdaq 100 rebalances and Adora Cruises halts Japan routes.
- Guangzhou-Zhanjiang high-speed rail opens; Indonesia imposes new gold export taxes; Guangdong cars permitted in Hong Kong.
- Trump announces new Gaza peace phase; U.S. enforces biometric entry checks; Myanmar holds first general election since 2021 coup.
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Who’s Who
- Alnylam Pharmaceuticals Inc.
- Alnylam Pharmaceuticals Inc. was added to the Nasdaq 100 index during its quarterly rebalance, which took effect on December 22. This inclusion reflects shifts in market capitalization, as other companies such as Lululemon Athletica Inc. and Biogen Inc. were removed from the index.
- Seagate Technology Holdings PLC.
- 希捷科技控股公司 (Seagate Technology Holdings PLC.) was one of the companies added to the Nasdaq 100 index during its quarterly rebalance, effective December 22. This inclusion reflects shifts in market capitalization.
- Lululemon Athletica Inc.
- Lululemon Athletica Inc. was among the companies removed from the Nasdaq 100 index during its quarterly rebalance, effective December 22. This change reflects shifts in market capitalization and other factors considered in the index's rebalancing process.
- Biogen Inc.
- Biogen Inc. was removed from the Nasdaq 100 index as of December 22, 2024. This change reflects shifts in the company's market capitalization, leading to its removal during the index's quarterly rebalancing.
- Adora Cruises
- Adora Cruises, also known as 歌诗达邮轮, is a Chinese domestic cruise line operator. On December 22, 2024, it became the first to publicly halt Japan routes for its **Adora Magic City** cruise ship, rerouting to South Korea due to rising bilateral tensions.
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