Category: Flash News

On February 8th, according to the latest report, Anduril, a military technology startup with close ties to the “Trump Rich Friends Circle,” is seeking financing at a valuation of $28 billion. As a “technology disruptor” in the US military industry, Anduril was founded in 2017 and its main business includes Lattice artificial intelligence platform, as well as AI based drones, anti drone systems, and a range of missiles. The main products include ALTIUS-700M cruise missiles, Bolt-M military drones, etc.

At around 11:50 am on February 8th, a landslide occurred in Jinping Village, Muai Town, Junlian County, Yibin City, Sichuan Province. The Ministry of Finance and the Ministry of Emergency Management have urgently allocated 30 million yuan of central natural disaster relief funds to support Sichuan in quickly organizing emergency rescue operations, focusing on emergency response such as personnel search and rescue, risk elimination, and secondary disaster hazard investigation to minimize casualties.

On February 8th, a landslide disaster occurred in Yunlian County, Yibin City, Sichuan Province, causing casualties and property damage. The National Development and Reform Commission has arranged for a central budget investment of 50 million yuan to support the post disaster emergency recovery of infrastructure and public service facilities in disaster stricken areas.

On February 8, the Shanghai Internet Information Office and other departments jointly announced the Administrative Measures for the Negative List of Data Outbound in China (Shanghai) Pilot Free Trade Zone and New Lingang Area (Trial), and the Administrative List of Data Outbound in China (Shanghai) Pilot Free Trade Zone and New Lingang Area (Negative List) (Version 2024). The Negative List coordinates development and security, adheres to the bottom line of national data security, promotes the orderly flow and development of data resources on the basis of safeguarding important data security and protecting personal information rights, and promotes the high-quality development of the digital economy and digital trade. Relevant units in Shanghai will focus on the following aspects of work: firstly, requiring data processors to fulfill their data security protection obligations and ensure the security of data export. If a data export security incident occurs or an increase in data export security risks is discovered, it shall be reported to the Municipal Cyberspace Administration, Municipal Data Bureau, Municipal Public Security Bureau, Municipal National Security Bureau, Free Trade Zone Management Committee, and Lingang New Area Management Committee. Secondly, the Management Committee of the Pilot Free Trade Zone and the Lingang New Area will track and supervise the implementation of the negative list and the export of data within the zone, and strengthen the supervision of the entire chain and field before, during, and after the event.

On February 8th, Hehe Futures Co., Ltd. failed to effectively implement its important internal management systems regarding subsidiary management, and did not fulfill its management responsibilities for its subsidiary Hehe Asset Management (Shanghai) Co., Ltd. in accordance with regulations, resulting in a major risk event for the subsidiary, with serious circumstances. At the same time, Hehe Futures also engages in illegal activities of failing to fulfill its reporting obligations as required, and submitting false and incomplete information, mainly including: failing to disclose the actual controllers and equity holdings of some of its shareholders in multiple documents such as the regular reports submitted from 2020 to 2022; Incomplete submission and joint venture management of newly opened bank accounts; Failure to report related parties opening accounts and engaging in futures trading with our company. Hehe Futures has repeatedly provided inaccurate and incomplete information on the company’s equity situation, which is highly related to major risk events. According to the relevant provisions of the Futures and Derivatives Law, the Regulations on the Administration of Futures Trading, and the Measures for the Supervision and Administration of Futures Companies, the China Securities Regulatory Commission imposed administrative penalties on Hehe Futures on February 5, 2025, ordering them to make corrections, issuing warnings, imposing a fine of 6.1 million yuan, and revoking their futures business license in accordance with the law.

On February 8th, according to the reporter’s understanding, Hua’an Securities has successfully completed the localization deployment and scenario adaptation of the DeepSeeker R1 large model. The model has significant advantages and can accelerate the large-scale application of artificial intelligence in vertical fields. Hua’an Securities has initially built an AI platform, using large models as the center to integrate and allocate various AI capabilities, achieve efficient utilization and collaborative operation of AI resources, and provide strong support for the intelligent upgrading and innovative development of subsequent businesses. In the future, Hua’an Securities will continue to deepen the integration and innovation of artificial intelligence and securities business, exploring more high-value application scenarios such as customer service, internal management, investment research and investment, and compliance risk control. So far, ten securities firms have laid out the DeepSeek big model. (Caixin News Agency reporter Wang Chen)

On February 8th, the National Development and Reform Commission issued a notice on doing a good job in ensuring the supply and price of fertilizers for spring plowing and the whole year in 2025. The notice points out that the provincial development and reform commissions and the competent departments of industry and information technology should jointly ensure the production of fertilizers and urge relevant enterprises to implement the minimum production plan; Encourage advanced environmental performance enterprises to fully utilize their production capacity and produce to the fullest extent possible; Improve the water supply capacity for resource-based potassium fertilizer production; Strengthen the connection between the supply and demand of coal for fertilizer production and the guarantee of railway transportation capacity, guide fertilizer production enterprises, coal supply enterprises, and railways to sign medium – and long-term contracts for the production and transportation of coal for fertilizer production based on the electricity coal trading method, and provide convenient services for the registration of relevant contracts by the National Coal Trading Center; Ensure stable production of phosphate ore and smooth cross provincial circulation of phosphate ore. China Petroleum and Sinopec will increase their efforts to ensure the supply of natural gas required for fertilizer production, and prioritize the supply of sulfur produced to domestic phosphate fertilizer production enterprises. Provincial development and reform commissions and relevant parties should strengthen the monitoring and scheduling of fertilizer market prices, and strictly investigate and punish all kinds of price violations; Intensify efforts to crack down on counterfeit fertilizers and increase the participation of grassroots organizations such as village committees. Zhengzhou Commodity Exchange needs to strengthen the penetrating supervision of urea futures, improve the delivery system of urea futures, optimize the delivery layout, facilitate enterprise participation in delivery, improve the quality of market operation, and better serve the real economy. Relevant business associations should strengthen the release of fertilizer supply and demand and price information, and promptly clarify market rumors; Strengthen the construction and application of social responsibility and credit evaluation systems in the field of fertilizers, and guide member enterprises to actively participate in ensuring supply and stable prices of fertilizers.

On February 8th, the armed faction of the Palestinian Islamic Resistance Movement (Hamas), the Kassan Brigade, released three Israeli detainees. In Deir Barah, located in the central Gaza Strip, armed members of the Kassan Brigade handed over detained individuals to staff of the International Committee of the Red Cross. The Israeli Ministry of Health previously stated that three Israeli detainees will be sent to two hospitals in central Israel after undergoing preliminary medical examinations. According to the arrangement, Israel will release 183 Palestinian detainees later that day after accepting 3 Israeli detainees. This is the fifth exchange of detained personnel since the ceasefire agreement came into effect.

On February 8th, at around 11:50 am, a landslide occurred in Jinping Village, Muai Town, Junlian County, Yibin City, Sichuan Province, burying several houses and trapping people. After receiving the report, the Emergency Management Department made a video call to the Sichuan Provincial Emergency Management Department, the Fire Rescue Brigade, and the on-site commander, requesting a quick investigation of the disaster situation, mobilizing professional forces and equipment to carry out investigation and rescue, and strengthening on-site monitoring and control to ensure rescue safety. After dispatch, the working group rushed to the scene to guide the rescue and disposal. The Emergency Management Department has initiated a Level 3 emergency response for geological disasters, and the National Disaster Prevention, Reduction, and Relief Commission has initiated a Level 4 national emergency response for disaster relief.