Category: Flash News

On January 27th, the Air and Railway Accident Investigation Committee of the South Korean Ministry of Land, Infrastructure, Transport and Tourism released the preliminary investigation report on the Jeju Air Flight 2216 crash, restoring the details of the incident. The preliminary investigation report shows that the two “black boxes” on the aircraft involved in the incident stopped recording at 8:58:50 local time on December 29th. The plane crashed into the concrete base of the navigation system antenna after landing on the belly of the plane at high speed at 4:07, causing a violent explosion and burning of the aircraft. The preliminary investigation report shows that when the “black box” of the plane interrupted recording, the plane was approaching runway 01 at Wu’an Airport from south to north at a speed of about 298 kilometers per hour and an altitude of about 151 meters from the ground, preparing to land. At this time, both engines of the plane sucked in the common winter migratory bird “Hua Mian Duck” in South Korea. After the incident, feathers and blood traces of this population of migratory birds were found in both engines. Six seconds after the “black box” stopped recording, the pilot of the aircraft involved in the incident issued a “MAYDAY” distress signal and then raised the altitude to go around. After flying over the left side of the original landing direction for a period of time, he turned right and entered the runway from the other side of the same runway, direction 19. He landed on the belly of the aircraft without lowering the landing gear. The preliminary investigation report did not specify why the landing gear was not lowered during the landing of the aircraft involved in the incident. In addition, the specific time and quantity of the collision between the aircraft and the bird flock, as well as the impact of other bird species and bird flock collisions on the abnormal body of the aircraft, including the “black box” stop recording, are also expected to be explained in the final investigation report of the accident.

On January 27th, an international team led by the Strong Associated Quantum Transport Laboratory at the Emerging Materials Science Research Center of the Institute of Physical Chemistry in Japan successfully synthesized an ideal Weyl semimetal for the first time, marking a breakthrough in the decade long problem in the field of quantum materials. The relevant research results were published in the latest issue of the journal Nature.

On January 27th, 2024, the bank’s “perpetual bond” market experienced a large-scale redemption wave, with a redemption scale of up to 1.11 trillion yuan for the whole year, a year-on-year increase of 181.81%. The main reason for this is due to factors such as the decline in interest rates and the need for capital replenishment, which have led banks to choose to redeem old bonds in order to optimize financing costs. At the same time, the reporter noticed that the strategic differentiation between large banks and small and medium-sized banks in the issuance of “perpetual bonds” is gradually emerging. Large banks, due to their high capital adequacy ratio, have weakened their issuance motivation, while joint-stock banks and city commercial banks have generated significant demand for continued issuance. Looking ahead to 2025, there will still be a significant maturity of “perpetual bonds”, and banks need to actively respond to refinancing pressures and plan capital replenishment strategies reasonably to ensure capital adequacy and stable operations. (Shanghai Stock News)

On January 27th, Colombian President Petro stated on the 26th that Colombia will not allow American flights carrying Colombian immigrants to enter the country. Subsequently, US President Trump stated that he has instructed the US government to take retaliatory measures, including imposing a 25% tariff on all goods imported from Colombia and imposing a travel ban on Colombian officials. Trump posted on social media that he had just learned that two repatriation flights departing from the United States were not allowed to land in Colombia. President Petro’s refusal to accept these flights has endangered the “national security” and “public safety” of the United States, and he has instructed the US government to take “urgent and decisive retaliatory measures” immediately. Trump’s retaliatory measures include: imposing an emergency 25% tariff on all Colombian goods entering the United States, and raising the additional tariffs to 50% a week later; Implement a travel ban on Colombian government officials and all their allies and supporters, and immediately revoke visas; Strengthen customs and border protection inspections of all Colombian nationals and goods; Quoting the International Emergency Economic Powers Act, imposing financial, banking, and other sanctions on Colombia.

On January 27th, a statement released by the White House local time on January 26th stated that under US supervision, the ceasefire agreement between Lebanon and Israel will remain in effect until February 18, 2025. The statement also stated that the Lebanese government, the Israeli government, and the US government will begin negotiations on the return of Lebanese prisoners captured after October 7, 2023. There is no news from Lebanon and Israel yet. On November 27, 2024, Israel and Hezbollah reached a ceasefire agreement. According to the agreement, the Israeli army should gradually withdraw from southern Lebanon within 60 days, the Lebanese government army should take over the southern region, and Hezbollah must withdraw north of the Litani River.

On January 27th, the Central Meteorological Observatory continued to issue a yellow blizzard warning at 06:00 on January 27th: it is expected that from 08:00 on January 27th to 08:00 on January 28th, there will be heavy to heavy snowstorms in some areas of southeastern Inner Mongolia, central and eastern Liaoning, southern and eastern Jilin, and northern Shandong Peninsula. Among them, there will be heavy snowstorms (20-26mm) in some areas of southeastern Jilin; The above-mentioned areas have added 5-10 centimeters of snow depth, with some areas reaching over 15 centimeters.

On January 26th, according to Agence France Presse and The Times of Israel, the Israeli Prime Minister’s Office issued a statement stating that Israeli Prime Minister Netanyahu had a phone call with French President Macron on the same day. The Times of Israel reported that the statement stated that Macron assured Netanyahu that Israeli companies would be able to participate in the Paris Air Show expected to be held in June. In addition, the two also discussed topics such as the situation in Lebanon and Gaza. (Global Network)

On January 26th, as an important component of residents’ wealth management, the product fee level of public funds directly affects investors’ investment tendencies. Yesterday, top fund companies such as E Fund, Huaxia Fund, Jiashi Fund, and ICBC Credit Suisse Fund announced that they will lower the overall management fee for their QDII funds, which are qualified domestic institutional investor funds, to 1.2% and the custody fee to 0.2%. Industry insiders have introduced that the public funds involved in this fee reduction are different from the product types involved in previous rounds of fee reductions. Previously, active equity funds, index funds, and other funds have had batch fee reductions, and the products that have been reduced this time are mainly QDII funds investing in overseas markets. (CCTV Finance)

On January 26th, as more and more listed companies announce their performance, the “panoramic view” of Shenzhen Stock Exchange companies’ 2024 operations is becoming clearer. As of the evening of the 25th, 1597 companies in the Shenzhen Stock Exchange have disclosed their performance forecasts for 2024. Among them, 782 companies are expected to achieve a year-on-year increase in net profit in 2024, accounting for approximately 48.97%. Leading companies continue to lead, with outstanding performance in sub sectors such as communication, electronics, automotive, social services, and food and beverage. Sub sectors such as agriculture, forestry, animal husbandry, and fishery, as well as basic chemical industries, are expected to turn losses into profits. The proportion of high growth companies has increased. Among them, 528 and 325 companies are expected to have a year-on-year increase in net profit of over 50% and 100% respectively, with the proportion of companies increasing by about 9% and 5% respectively compared to the same period last year. (Shanghai Securities News)