Category: Flash News

On January 25, China Earthquake Networks Center automatically measured that at 22:17 on January 25, an earthquake of about 3.5 magnitude occurred near Emeishan City, Leshan City, Sichuan Province (29.40 degrees north latitude, 103.33 degrees east longitude). The final result is subject to the official quick report.

On January 25th, with the completion of the disclosure of the 2024 fund quarterly report, the situation of the establishment of new active equity funds has also surfaced. According to Wind data, many new funds chose to actively build positions in the fourth quarter of last year. The average stock position of the 62 active equity funds that disclosed their quarterly reports for the first time included in the statistics was 74.43%, which is above neutral. It is worth mentioning that during this period, many new funds experienced rapid changes in their positions and structures due to fluctuations in size. Looking ahead to the whole year of 2025, fund managers are generally optimistic about the opportunities in the A-share market and will continue to maintain a high equity position.

On January 25th, among the 28 securities firms with existing data statistics, 23 have expected good performance and achieved year-on-year growth in net profit; At the same time, five securities firms experienced a year-on-year decline in net profit, and even two may have incurred losses during the period. Specifically, CITIC Securities’ net profit of 21.704 billion yuan in 2024 remains the industry leader; Guotai Junan Securities has come from behind and ranked second with a net profit of 13.018 billion yuan in 2024; The net profit of China Merchants Securities and Galaxy Securities in 2024 also exceeded 10 billion yuan. In addition, there are five other securities with a net profit exceeding 1 billion yuan in 2024, including Guotou Securities, Guoyuan Securities, Changjiang Securities, Dongxing Securities, and Zhongjin Wealth Securities. (Securities China)

On January 25, the Ukrainian State News Agency quoted sources on January 25 local time as saying that network experts of the Ministry of Defence of Ukraine had carried out a large-scale network attack on the system of MegaFon, one of Russia’s largest mobile and Internet operators. Since the morning of the 24th, mobile communication and Internet of residents in Moscow, St. Petersburg and other places in Russia have been cut off. (CCTV News)

On January 25th, the Henan Provincial Fire Rescue Corps recently released the investigation results of the “5.2” fire accident at the Minglun Campus of Henan University. On May 2, 2024, a fire broke out in the auditorium of the former site of Henan University’s Minglun Campus, located at 85 Minglun Street, Shunhe Hui District, Kaifeng City, Henan Province. The fire covered an area of 3410 square meters and resulted in a direct economic loss of 27.438 million yuan. After investigation, it was found that this was a production safety responsibility accident caused by the lack of safety management by the incident unit during the construction process of cultural relic restoration project, illegal and irregular open flame operations by the construction unit, negligence by the supervision unit, illegal design by the design unit, and inadequate performance of the local party committee, government, and relevant functional departments and units. According to relevant laws and regulations, the Henan Provincial Government has established a “5.2” fire accident investigation team for the Minglun Campus of Henan University to conduct a higher-level investigation into the accident. The accident investigation team found that the direct cause of the accident was the illegal use of liquefied petroleum gas spray guns by construction personnel during the roof waterproofing construction of the auditorium repair project. The high-temperature flame baked the waterproofing membrane, causing the wooden roof below the membrane to catch fire and cause a fire. Sixteen people, including the construction party, supervision party, and relevant intermediaries involved in the renovation project of the auditorium, have been investigated by the public security organs and transferred to the judicial organs for legal processing on suspicion of committing crimes. The relevant departments shall impose administrative penalties in accordance with the law on the design, construction, supervision, testing units and relevant personnel involved in the renovation project of Henan University and the auditorium. The disciplinary inspection and supervision authorities have held 32 public officials from local party committees, governments, relevant functional departments, and units who were found to have neglected their duties and responsibilities in the accident seriously accountable. Among them, the Central Commission for Discipline Inspection reported to the Central Committee of the Communist Party of China for approval to admonish Song Zhenghui, a member of the Party Group of the Henan Provincial Government and Vice Governor; The Henan Provincial Commission for Discipline Inspection and Supervision has imposed disciplinary and administrative sanctions on 26 individuals, including Mao Jie, Secretary of the Party Group and Director of the Provincial Department of Education, and Ji Bo, Secretary of the Party Committee of Henan University. Five individuals, including Qi Tao, Deputy General Manager of Henan University Logistics Group Corporation, who are suspected of committing job-related crimes, have been transferred to judicial authorities for lawful processing.

On January 25th, according to the Fujian Provincial Department of Transport, since January 14th, in the eleven days leading up to the Spring Festival travel rush, the two Malaysia routes, Huangma route, Quanjin route, and Xiajin route, as well as the four “mini three links” passenger routes in Fujian Province, have transported 63344 passengers, a year-on-year increase of 51.27%.

On January 25th, the Israeli Prime Minister’s Office issued a statement stating that Israel received four Israeli female soldiers detained by the Palestinian Islamic Resistance Movement (Hamas) on the same day. In exchange, Israel will release the corresponding Palestinian detainees in accordance with the terms of the Gaza ceasefire agreement reached between the two sides. The statement also stated that Israeli civilian Arbel Yehud was supposed to be released on the 25th as planned. Prior to the release of Albil Yehuda, according to the ceasefire agreement, Israel will not allow Gaza residents to return from the south to the north.

On January 25th, the Nanqin River Extra Large Bridge, an important control project of the Xi’an Shiyan High speed Railway, was successfully closed, laying a solid foundation for the subsequent construction of this high-speed railway. It is reported that the Nanqin River Grand Bridge, which was successfully closed this time, has a total length of 895.65 meters and a large beam span. It is a key and controlling project within the pipeline section, and also the only super large bridge on the entire line that spans over roads (county roads, provincial roads, national roads) and rivers.

On January 25th, Hong Kong Development Bureau Director Ning Hanhao stated on a radio program that land sales revenue will exceed HKD 4 billion in the next two months. Ning Hanhao said that the annual figure may not reach the initial estimate of over HKD 30 billion. The government has made several land sales arrangements before the end of this fiscal year. A plot of land in Dawei attracted a large number of bids on Friday. (Radio Television Hong Kong)

On January 25th, according to Shanghai Railway Station (which includes Shanghai Station, Shanghai South Station, Shanghai Hongqiao Station, Shanghai Songjiang Station, Shanghai West Station, Nanxiang North Station, Anting North Station, Anting West Station, Jinshan North Station, and Liantang Station), on January 25th, the Spring Festival travel rush entered its twelfth day, and Shanghai Railway Station experienced the highest peak of Spring Festival passenger flow. The station is expected to send 778000 passengers on that day, a year-on-year increase of 23.3%, and will set a new record for daily passenger volume. Among them, Shanghai Station and Shanghai Hongqiao Station are expected to send 212000 and 420000 passengers respectively, both of which will set new records for daily passenger volume.