Category: Flash News

On January 23, Guangfa Securities Research Daily pointed out that on January 22, after the approval of the Central Financial Committee, the Central Financial Office, the China Securities Regulatory Commission, the Ministry of Finance, the Ministry of Human Resources and Social Security, the People’s Bank of China, and the State Administration of Financial Supervision jointly issued the Implementation Plan on Promoting the Market Entry of Medium and Long term Funds, adhering to the goal and problem orientation, strengthening top-level design, focusing on the current and long-term perspective, and focusing on guiding commercial insurance, social security funds, basic pension insurance, enterprise (occupational) annuities, public funds, etc. to further increase their market entry efforts. Promote the entry of medium and long-term funds into the market and enhance the inherent stability of the capital market. The entry of medium and long-term funds into the market helps optimize the investor structure, guide the establishment of value investing and long-term investment concepts, reduce market volatility and speculation, thereby boosting investor confidence and better leveraging the market’s resource allocation function. The policy focuses on improving the stability of the capital market, with sufficient stability maintenance policies and short-term policy gaps. Market activity has fluctuated, but with external uncertainty and internal response gradually implemented, incremental funds are expected to relay, and market activity is expected to rebound again.

On January 23, SK Hynix released its financial reports for the fiscal year 2024 and the fourth quarter ending on December 31, 2024. SK Hynix stated in its financial report that the company plans to increase the supply of HBM3E this year and develop HBM4 in a timely manner to supply according to customer requirements. And in the case of stable and sustained demand, we will promote the required advanced process conversion for the production of competitive DDR5 and LPDDR5. In terms of NAND flash memory, after last year, we will also adopt a profit oriented operation and flexible sales strategy to meet market demand.

① 07:50 Japan’s December import, export, and trade accounts; ② At 09:00, the State Council Information Office held a press conference; ③ 18: 00 Bank of England Financial Policy Committee member Wilkins speaks at Fitch Ratings; ④ 18: 30 European Central Bank Escriva speaks at Davos; ⑤ 19: 00 UK January CBI industrial order difference; ⑥ 21:30 Canadian November retail sales monthly rate; ⑦ 21:30 Number of initial jobless claims in the United States for the week ending January 18th; ⑧ 23:00 Eurozone January Consumer Confidence Index Initial Value; ⑨ 23:30 US EIA natural gas inventory for the week ending January 17th; ⑩ The next day at 01:00, EIA crude oil inventory for the week of January 17th in the United States.

On January 23, the Ministry of Commerce and five other departments jointly issued the “Notice on Doing a Good Job in the Trade in of Electric Bicycles in 2025”, which requires the continuation of the trade in of electric bicycles from January 1, 2025. For individual consumers who sell scrapped old electric bicycles and replace them with qualified new ones, a trade in subsidy will be given. The subsidy standards are guided by the Ministry of Commerce to be reasonably formulated based on actual conditions in various regions, and are in line with the subsidy standards of the previous year to maintain a smooth transition in work. Next, under the unified leadership of the local people’s government and the electric bicycle safety hazard rectification work team, the commerce authorities in various regions will carry out the specific implementation of the electric bicycle trade in program in their respective areas.

On January 23rd, the United States House of Representatives passed the first bill of this session, the Lincoln Riley Act, with 263 votes in favor and 156 votes against. It is reported that this is a strict immigration detention measure aimed at cracking down on individuals who illegally enter the United States and commit nonviolent crimes such as theft. According to reports, this is expected to be the first bill signed by Trump upon his return to the White House. Previously, the Senate passed the bill on the 20th with a vote of 64 in favor and 35 against.

On January 23, SK Hynix released its financial reports for the fiscal year 2024 and the fourth quarter ending on December 31, 2024. The company’s operating revenue for fiscal year 2024 was KRW 66.1930 trillion, with an operating profit of KRW 23.4673 trillion (operating profit margin of 35%) and a net profit of KRW 19.7969 trillion (net profit margin of 30%), achieving the best annual performance in history. The revenue for the fourth quarter of 2024 was 19.7670 trillion Korean won, an increase of 12% compared to the previous quarter. The operating profit was 8.0828 trillion Korean won, an increase of 15% compared to the previous quarter, and the net profit was 8.0065 trillion Korean won. The operating profit margin for the fourth quarter of fiscal year 2024 is 41%, with a net profit margin of 41%.

On January 23rd, the wave of Hong Kong stock repurchases has been surging recently. According to Wind statistics, since 2025, over 120 Hong Kong listed companies have implemented buybacks, with a total repurchase amount exceeding HKD 22 billion. The pace and intensity of repurchases by leading companies in the industry have not decreased, with Tencent Holdings’ cumulative repurchase amount exceeding HKD 14 billion since the beginning of this year. Institutional insiders stated that in 2024, the Hong Kong Stock Exchange will promote the reform of the treasury stock mechanism, which will encourage more Hong Kong stock companies to join the repurchase team. The sustained repurchase activity also signals that the company’s valuation is undervalued, which is conducive to boosting market confidence. The Hong Kong stock market is expected to rise in a wide range of fluctuations in the future. (China Securities Journal)

On January 23rd, a new wildfire broke out in Los Angeles, California, USA in the late morning of January 22nd local time, quickly burning hundreds of acres of trees and shrubs. Remote communities in the northern mountainous areas of Los Angeles have issued evacuation orders. Todd Hall, a meteorologist at the National Weather Service in the United States, said this morning that there will be another critical fire situation in Southern California. Los Angeles Mayor Karen Bass has issued an executive order to accelerate the cleanup of fire areas and reduce the impact of fire related pollutants on the environment. In addition, Katherine Bajie, the chairman of the Los Angeles County Board of Supervisors, approved an emergency motion to install flood control infrastructure and accelerate and remove sediment from the fire affected areas. Bajie stated that communities affected by the fire are threatened by mudslides and debris flows. Meteorologists from the Los Angeles Weather Bureau have stated that there is a 60% to 80% probability of a small amount of rainfall in Southern California starting from the 25th.

On January 23rd, foreign exchange strategists warned that US President Donald Trump’s threat to impose high tariffs on northern neighbor Canada would disrupt the Canadian economy and cause the Canadian dollar to fall to a record low. Strategists from banks such as Bank of Nova Scotia, Barclays, Deutsche Bank, and TD Securities have stated that facing high import taxes, the Canadian dollar may fall close to or below the historic low of 1.6193 set in 2002. The Canadian dollar needs to drop by about 16% against the US dollar to reach this level. Deutsche Bank believes that the Canadian dollar is likely to hit a record low, pointing out that the widening gap between the Bank of Canada and the Federal Reserve’s interest rate policies has intensified concerns about tariffs. Bank of Nova Scotia stated on Tuesday that if Canada retaliates comprehensively against the 25% tariffs imposed by the United States, the Canadian dollar may fall to 1.66 by the second quarter of this year.

On January 23rd, Alcoa reported fourth quarter sales of $3.49 billion, with an estimated $3.38 billion; Adjusted earnings per share for the fourth quarter are $1.04, estimated at $1.04. Alcoa expects to ship 2.6 to 2.8 million metric tons of aluminum by 2025. Alcoa rose over 2% after the market closed.