Category: Flash News

On January 26th, the extremist organization “Islamic State West Africa Province” launched an attack on the 149th Battalion of the Nigerian Army located in Malam Fatori town, Borno state, resulting in the death of at least 20 Nigerian soldiers, including a lieutenant colonel commander. According to sources, soldiers on the scene engaged in nearly three hours of fighting with extremist groups and eventually repelled them.

On January 26, 2025, Zhongji Xuchuang held a conference call and stated that it expects 1.6T to grow quarter on quarter in 2025. It is expected that the shipment volume in the second quarter will significantly increase compared to the first quarter. In 2025, two key customers will be the first to start using 1.6T. In addition to these two key customers continuing to use it, it is expected that other CSP customers will also start deploying 1.6T in the next two years. The company is currently conducting pre research on 3.2T and has not seen any specific demand from customers for 3.2T yet.

On January 26th, the United Nations Special Coordinator in Lebanon, Hannes Prassart, and the Commander in Chief of the United Nations Interim Force in Lebanon, Lasaro, issued a joint statement stating that the deadline set in the November ceasefire agreement between Lebanon and Israel has not been met, and preparations have not yet been made for citizens to safely return to villages along the Blue Line (temporary border between Lebanon and Israel).

On January 26th, the Palestinian Islamic Resistance Movement (Hamas) issued a statement stating that it is discussing with the mediator the Israeli blockade of Palestinian people returning to northern Gaza, which violates the Gaza ceasefire agreement. The statement stated that although Hamas has informed the mediator that Israeli detained person Albil Yehuda is still alive and will provide all necessary guarantees for her release, Israel is still “delaying” the implementation of the agreement terms on the grounds that she has not been released.

On January 26th, the State owned Assets Supervision and Administration Commission of the State Council held a meeting on the assessment and distribution of central and local state-owned enterprises in 2025. The meeting emphasized that in 2025, state-owned assets and enterprises should focus on improving the classification assessment and evaluation system, deepening the reform of the income distribution system, improving the supervision and management system and mechanism, further strengthening institutional supply, improving operational mechanisms, innovating regulatory methods, continuously improving the accuracy and standardization of assessment and distribution, guiding and promoting the strengthening, optimization and expansion of state-owned capital and state-owned enterprises, continuously enhancing core functions and improving core competitiveness. The meeting requires central enterprises to focus on the theme of high-quality development, maintain the overall stability and individual optimization of the “one profit and five rate” business indicator system, deepen the assessment of “one industry, one policy, one enterprise, one policy”, and better play the important role of central enterprises in maintaining stable economic growth, promoting high-level technological self-reliance and self-improvement, and building a modern industrial system.

On January 26th, according to the Ningde Housing and Urban Rural Development Bureau, from January 31st to February 15th, 2025, natural persons who purchase first-hand commercial housing from participating companies during the 2025 Spring Housing Exhibition in the central urban area of Ningde City, Fujian Province, will transfer the down payment to the pre-sale fund supervision account of the project during the exhibition, and complete the online signing and filing of the “Commercial Housing Sales Contract” and pay deed tax within 10 days after the exhibition (i.e. before February 25th, 2025), and can receive a housing subsidy of 800 yuan/square meter according to the area. Among them, for those who purchase units with an area of 144 square meters or less, the maximum subsidy per unit shall not exceed 100000 yuan; For purchasing units with an area of 144 square meters or more, the maximum subsidy per unit shall not exceed 120000 yuan. Ningde will subsidize a total of 500 sets this time. If the total number of houses purchased during the exhibition exceeds 500, the municipal housing and construction department shall organize a public lottery within 15 days after the end of the exhibition (i.e. before March 2, 2025) to draw the subsidy distribution sequence number, and the lottery rules shall be announced separately.

On January 26th, the General Office of the National Development and Reform Commission and the General Office of the Ministry of Human Resources and Social Security issued a notice on strengthening the management of the list of joint punishment objects for wage arrears and dishonesty of migrant workers. It is proposed that relevant departments such as human resources and social security should carry out credit management work in accordance with the requirements of the “Interim Measures for the Management of the List of Joint Punishments for Dishonest Payment of Wages to Migrant Workers” and the “Notice on the Implementation of the Interim Measures for the Management of the List of Joint Punishments for Dishonest Payment of Wages to Migrant Workers” (Human Resources and Social Security Department Letter [2021] No. 161), and strengthen credit constraints on malicious wage arrears and illegal behavior in accordance with laws and regulations. At the same time, by comprehensively analyzing the causes of wage arrears, fully leveraging the educational, regulatory, and deterrent effects of credit supervision and joint punishment, implementing classified policies and multiple measures, and timely and effectively solving the problem of wage arrears for migrant workers.

On January 26th, the General Office of the Shanghai Municipal People’s Government recently issued the “Implementation Opinions on Improving the Mechanism of Fair Competition Review in the City”. The Opinion proposes to explore the establishment of a cross regional and cross departmental fair competition review mechanism. Based on the integration mechanism of the Yangtze River Delta and in conjunction with the construction of the national unified market pilot zone, we will explore the establishment of a collaborative implementation mechanism for fair competition review in Shanghai, Jiangsu, Zhejiang, and Anhui provinces and cities, strengthen coordination and cooperation in review standards, review mechanisms, and supervision and protection, and enhance the coordination and consistency of fair competition review work in the Yangtze River Delta region. Strengthen communication with regional provinces and cities such as Beijing Tianjin Hebei, Guangdong Hong Kong Macao, and the Yangtze River Economic Belt, and learn from the advanced experience and practices of sister provinces and cities.

On January 26th, Aoxiang Pharmaceutical announced that the company plans to use its own funds and/or self raised funds to repurchase some of its issued RMB ordinary shares (A-shares) through centralized bidding trading on the Shanghai Stock Exchange trading system. The repurchase amount of shares shall not be less than RMB 50 million (inclusive) and not exceed RMB 100 million (inclusive). The repurchase price of shares shall not exceed RMB 14 per share (inclusive). The purpose of repurchasing shares is intended for implementing the company’s equity incentive and/or employee stock ownership plan.

On January 26th, COSCO SHIPPING announced that it is expected to achieve a net profit attributable to shareholders of the listed company of RMB 1.33 billion to RMB 1.543 billion in 2024, an increase of 25% to 45% year-on-year. The main reasons include the growth of main business, the impact of non recurring gains and losses, and the impact of asset impairment losses. Among them, the main business was affected by factors such as the improvement of global maritime trade supply and demand, and the enhancement of the atmosphere of the shipping market, resulting in an average year-on-year increase in revenue, gross profit, and time charter rates.