Category: Flash News

On January 11th, US Commerce Secretary Gina Raymondo announced on January 10th that TSMC has started producing 4-nanometer chips for US customers in Arizona. TSMC announced in January last year that its Arizona factory is expected to mass produce 4-nanometer chips in the first half of this year.

On the 11th, according to data from Caixin Venture Capital News, there were a total of 103 investment and financing events within the domestic statistical scope this week (1.4-1.10), a decrease of 10.43% compared to last week’s 115 events; The total disclosed financing amount is approximately 4.898 billion yuan, a decrease of 61.13% from last week’s 12.6 billion yuan. In terms of the number of investment events, fields such as healthcare, advanced manufacturing, integrated circuits, artificial intelligence, and traditional industries are relatively active; In terms of total financing, healthcare disclosed the highest amount of financing, about 1.5 billion yuan. Hejian Industrial Software has completed a nearly 1 billion yuan Series A financing with participation from Pudong Leading Zone Fund, a subsidiary of Pudong Venture Capital Group, marking the highest disclosed investment event of the week.

On January 11th, according to data platform Arkham Intelligence, BlackRock, Micro Strategy, and Fidelity have collectively purchased approximately $100 billion worth of Bitcoin. Specifically, BlackRock, the world’s largest asset management company, purchased $50 billion, while Micro Strategy Company successfully accumulated $24 billion worth of BTC. After acquiring BTC worth $20 billion, Fidelity is now at the low end. This enormous purchasing pressure, even in over-the-counter trading, may affect the price of BTC in a sustained bull market.

On January 8th, the National Conference on Pharmaceutical Prices and Tendering Procurement was held in Fangchenggang, Guangxi. The national pharmaceutical price procurement work will continue to improve and perfect the pharmaceutical price and bidding procurement system, continue to promote the quality and expansion of the centralized procurement of drugs and consumables, and play the role of price procurement in stabilizing expectations, ensuring people’s livelihoods, and empowering industries. Adhere to putting the people at the center, comprehensively promote the centralized procurement of drugs into grassroots medical institutions, private medical institutions, and retail pharmacies, promote direct settlement between medical insurance funds and pharmaceutical enterprises, and empower pharmaceutical institutions and the pharmaceutical industry to develop with high quality. Establish a systematic thinking of balancing medical insurance funds and planning medical insurance resources, continuously deepen the reform and governance of medical service prices, promote the implementation of medical service project guidelines, and promote the coordinated development and governance of medical care, medical insurance, and pharmaceuticals. We will firmly implement the political responsibility of building a clean and honest government, deepen the governance of pharmaceutical prices, and institutionalize and normalize the supervision and risk management of drug consumables prices.

On January 11th, Novo Nordisk announced that the world’s first oral glucagon like peptide-1 receptor agonist (GLP-1 RA), Novohexidine (semaglutide tablets), has been fully launched in China. With convenient oral administration, Novosim helps patients benefit from GLP-1RA drugs earlier, helps them achieve high quality blood glucose standards and comprehensive metabolic management, and brings an innovative category for clinical treatment of type 2 diabetes in China. (Beijing Youth Daily)

On January 11, the US White House said in a statement that Ukrainian President Zelensky introduced Ukraine’s strategic planning in the Russia-Ukraine conflict to US President Biden in a telephone conversation on the 10th local time. The White House statement stated that Biden had a phone call with Zelensky on the 10th local time, introducing to him the efforts made by the United States to strongly support Ukraine. The statement mentioned that “in the past few months, the United States has provided hundreds of thousands of shells, thousands of rockets, hundreds of armored vehicles, and other key equipment to the Ukrainian military.” In addition, the statement also announced a sanctions plan targeting Russia’s energy sector. (Global Network)

On January 11th, a study by China International Capital Corporation (CICC) showed that the total inflow of southbound funds this week (January 6-10) was HKD 48.91 billion, with an average daily inflow of HKD 9.78 billion, an increase from the previous week’s average inflow of HKD 7.39 billion. At the industry level, mainland banks, energy/raw materials and insurance sectors received the most southbound capital inflows last week. In terms of individual stocks, Southbound favored Tencent Holdings and China Mobile last week, but sold Meituan and Geely Automobile.

On January 11th, the 2025 Spring Festival travel rush plan for the Yangtze River Delta Railway was released. It is expected to send 97 million passengers during the 40 day Spring Festival travel rush, with a daily average of 2.425 million passengers, a year-on-year increase of 5.1% and a record high in history. The railway department in the Yangtze River Delta region plans to increase the number of passenger trains by 398.5 pairs on the basis of using peak hour schedules. The maximum number of passenger trains that can be operated in a single day during peak hours will exceed 1700 pairs, actively responding to the large passenger flow during the Spring Festival travel rush.

On January 10th, under the guidance of the Ministry of Commerce, the commerce authorities of Chongqing and Sichuan signed the “Cooperation Agreement on Deepening the Integration of Regional Markets in the Chengdu Chongqing Economic Circle” in Beijing. The commerce authorities in Chongqing and Sichuan will innovate and promote the construction of regional market integration around six key areas. One is to jointly promote the linkage of market rules and systems. Jointly promote the mutual recognition and handling of business matters in the business field through the “Market Access Across Regions with Same Standards” and “Sichuan Chongqing Connectivity Office”. The second is to jointly optimize the urban-rural commercial and trade circulation system. Optimize the layout of commercial circulation infrastructure, promote the construction of national backbone cold chain logistics bases, and accelerate the coordinated development of e-commerce in Sichuan and Chongqing. The third is to jointly build a commodity market guarantee system. Improve the joint guarantee and supply cooperation mechanism for essential daily necessities in Sichuan and Chongqing, promote market monitoring information sharing, and deepen the integration of agricultural product production and sales. The fourth is to jointly promote the quality and upgrading of the consumer market. Strengthen the sharing of consumer resources, jointly organize promotional activities, cultivate high-end commodity consumption chains and commercial clusters. The fifth is to jointly enhance the efficiency of logistics channel utilization. Shared logistics distribution and end of pipe express delivery network to facilitate two-way circulation channels between urban and rural areas. Sixth, jointly promote the integrated development of domestic and foreign trade. Strengthen the integration of domestic and foreign trade rules and regulations, steadily expand institutional openness, and promote the overseas expansion of Sichuan Chongqing brands.

On January 11th, the central bank launched a 30.9 billion yuan reverse repurchase operation this week. Due to the expiration of 290.9 billion yuan of reverse repurchase, the net withdrawal for the whole week was 260 billion yuan, which is a net withdrawal for four consecutive weeks. According to Wind data, there will be 30.9 billion yuan of reverse repo due in the central bank’s open market next week, with 14.1 billion yuan, 7.1 billion yuan, 1.1 billion yuan, 4.1 billion yuan, and 4.5 billion yuan due from Monday to Friday respectively. In addition, 995 billion yuan of MLF will expire next Wednesday. The central bank recently announced that it will launch the bidding for the 2025 Central Treasury Cash Management Commercial Bank Fixed Deposit (Phase I) next Tuesday, with a transaction volume of 120 billion yuan and a term of 2 months (63 days).