Category: Flash News

On February 11th, as the solvency reports of insurance companies for the fourth quarter of last year are released, the performance of non listed life insurance companies that have attracted much attention in 2024 is gradually becoming clearer. According to statistics, as of February 10th, the 60 non listed life insurance companies that have disclosed their latest solvency reports have achieved a total insurance business revenue of 1.13 trillion yuan, a year-on-year increase of 12.2%. Among them, except for Xintai Life Insurance which did not disclose its net profit, the remaining 59 non listed life insurance companies that have disclosed their net profit achieved a total net profit of 24.691 billion yuan. Compared with the overall loss of over 10 billion yuan of non listed life insurance companies in 2023, the operating situation in 2024 has undergone a major reversal. According to interviewed experts, the increase in net profit of insurance companies in 2024 is mainly influenced by factors such as the rebound in investment returns, the decrease in underwriting costs, and steady business growth. (Securities Daily)

On February 11th, Senate Democratic leader Schumer attempted to shift the responsibility for the possible government shutdown in March to Senate Republican leader John Thune and congressional Republicans. Schumer stated that Thun “seems to have abandoned” the normal order of the funding process. Republicans have a responsibility to take it seriously and avoid the Trump administration’s “shutdown” through bipartisan cooperation. According to a short-term spending bill passed by the US Congress at the end of last year, federal government funds will be depleted by mid March. If the two parties fail to push the new spending bill through Congress in a timely manner, some federal government agencies will be shut down.

On February 11th, analysts such as Martijn Rats from Morgan Stanley stated in a report that “tariff actions and countermeasures may exert particular pressure on oil intensive sectors of the global economy, thereby triggering uncertainty in oil demand. This environment may also lead to OPEC+extending the current production quota again, and OPEC+extending production cuts may create a ‘balanced market’ in the second half of the year. Due to the expectation of prolonged production cuts, the bank has lowered its supply forecast for the second half of the year by 400000 barrels per day.

On February 11th, EU Digital Commissioner Verquin stated that artificial intelligence regulations will be implemented in a way that is conducive to innovation, and the EU is committed to establishing a fair, secure, and democratic digital environment; Faced with too much overlapping regulation; We will identify the overlapping areas between the Digital Services Law and the Artificial Intelligence Law and simplify the process.

On February 11th, a special prosecutor in the United States, Hampton Dellinger, sued President Trump on February 10th, claiming that he was illegally fired. Deling stated that special prosecutors can only be dismissed for “inefficiency, dereliction of duty, or dereliction of duty”. It is reported that Deling was informed of his dismissal by the White House personnel director on the 7th.

On February 11th, Polish Prime Minister Tusk announced on the 10th that the country’s investment in 2025 will exceed 650 billion zlotys (approximately 160.3 billion US dollars), setting a historical record for annual investment. Tusk said at an event held in the Polish capital Warsaw on the same day that Poland’s investment amount this year will be the highest in history, and the unfreezing of the 50 billion euros (about 51.5 billion US dollars) EU Recovery Fund is crucial to achieving this investment goal.

On February 11th, the News Information Group of Myanmar’s National Management Committee announced that on the 9th, Myanmar’s security forces took law enforcement actions in the Mengye area of northern Shan State, once again destroying electronic fraud dens and arresting 21 individuals suspected of participating in illegal activities such as electronic fraud and online gambling. It is reported that from February 5th to 9th, Myanmar security forces carried out continuous law enforcement operations in relevant areas, destroyed multiple electronic fraud dens, arrested 102 suspected participants in electronic fraud and online gambling crimes, and seized a large number of equipment used for illegal activities at the scene.

On February 11th, Ukrainian government sources said that Keith Kellogg, the special envoy appointed by US President Trump for Ukraine and Russia, is expected to visit Ukraine on February 20th. On November 27, 2024, Trump announced that he would nominate Kellogg, who had served as Acting Assistant to the President for National Security Affairs during his first presidential term, as Assistant to the President and Special Envoy for Ukraine and Russia. Kellogg has repeatedly stated that if Ukraine is unwilling to negotiate with Russia, the United States will cease military aid to Ukraine, and if Russia does not negotiate, “we will provide Ukraine with everything it needs.

On February 11th, Morgan Stanley strategists recommended maintaining a bullish view of the US dollar in the short term, while warning against expecting an “explosive” rise in the US dollar in the first quarter. It cannot be assumed that tariffs, once implemented, will last for a long time, “strategists Meera Chandan and Arindam Sandilya wrote in the report. Considering the fluctuation of the landing time, we are open to the possibility that tariffs may not allow the US dollar to experience another explosive rise in the first quarter. Our view is that tariffs are being postponed, not cancelled, so they should still provide support for the US dollar, but it cannot be denied that their visibility is low.

On February 10th, CITIC Securities Research Report believes that education is one of the core scenarios for the implementation of AI applications. AI technology, by reducing costs and increasing efficiency, makes it possible for education to balance high quality, inclusiveness, and personalization. It is expected to deeply empower education to improve delivery efficiency and enhance personalized experiences for students. At present, the main scenarios for AI education applications are reflected in B-end educational informatization (such as smart teaching, evaluation, grading, etc.), C-end intelligent hardware products, and smart applications (such as writing, dictation, human-computer Q&A). Since January, multiple education companies have connected to the DeepSeek big model. With the catalysis of high-quality open source and low-priced models, the rich vertical data reserves of existing education companies combined with big model reasoning capabilities are expected to accelerate the commercialization of AI education products.