Category: Flash News

On January 11th, at the 2025 Chinese Wind Energy New Year Tea Party, Qin Haiyan, Secretary General of the Wind Energy Professional Committee of the China Renewable Energy Society, stated that taking a 10MW unit as an example (impeller diameter of 230m, excluding tower) for cost estimation, the direct cost (materials, manufacturing costs, transportation costs) is 950 yuan/kW, and the cost (quality investment, research and development costs, other daily expenses) is 250 yuan/kW, totaling 1200 yuan/kW. This price is relatively reasonable. (Interface News)

On January 11th, according to SoSoValue data, the total net outflow of Bitcoin spot ETFs was $149 million yesterday (January 10th Eastern Time). As of the time of writing, the total net asset value of the Bitcoin spot ETF is $107.639 billion, with a net asset ratio (market value to total Bitcoin market value ratio) of 5.74%. The historical cumulative net inflow has reached $36.216 billion.

On January 11, the “China Railway” WeChat official account reported that tickets for January 25 (the 26th day of December) were on sale on January 11, and the Spring Festival ticket sales reached the peak before the Railway Festival. Since the sale of Spring Festival travel tickets on December 31, 2024, as of 9:00 am on January 11, the railway has sold a total of 57.68 million tickets during the Spring Festival travel period.

On January 11th, at the 2025 Chinese Wind Energy New Year Tea Party, Qin Haiyan, Secretary General of the Wind Energy Professional Committee of the China Renewable Energy Society, introduced that China’s newly added grid connected installed capacity of wind power in 2024 is about 88 million kilowatts. As of the end of 2024, the cumulative grid connected installed capacity of wind power is about 530 million kilowatts, accounting for more than 15% of the power structure.

On January 11, CICC’s macro research report pointed out that on January 10, the People’s Bank of China announced that it would suspend the purchase of treasury bond bonds in the open market from January 2025, and would later resume depending on the supply and demand of treasury bond market. CICC believes that the reason why the People’s Bank of China has suspended the purchase and sale of treasury bond bonds is due to the concern about the potential risks of current market pricing. On the one hand, the yield of long-term treasury bond is close to the bottom of the corridor of historical experience, and the investment performance price ratio has declined; On the other hand, the market has taken into account many expectations of interest rate cuts for a “moderately loose” monetary policy, which has already been somewhat anticipated. Looking ahead, CICC believes that reserve requirement ratio cuts and interest rate cuts will continue, but the pace may depend on multiple factors. To lower real interest rates, on the one hand, it is necessary to lower nominal interest rates, but on the other hand, it is also necessary to increase inflation expectations. Against the backdrop of weak demand for private credit, boosting demand and prices largely depends on the intensity and pace of fiscal expansion. In addition, in the context of high risk premiums, the efforts of the central bank in exercising macro prudential and financial stability functions and maintaining financial market stability are also worth paying attention to, rather than just focusing on the operation of adjusting risk-free interest rates.

On January 11, Wu Xiaoqiu, the president of the National Institute of Finance of Renmin University of China, the president of the China Capital Market Research Institute and the national first-class professor, pointed out on January 11 that internationalization is the core path to achieve financial power at the 29th China Capital Market Forum (2025). We should encourage local financial institutions to enter the international market, gradually relax foreign investment access, and create RMB denominated asset trading centers and global wealth management centers. Wu Xiaoqiu pointed out that enhancing the global competitiveness of the capital market and expanding the international influence of the renminbi. The formation of a liberalized and internationalized local currency, as well as a highly open capital market, are the two most important symbols of a financial powerhouse. Regarding how to build a strong financial country, Wu Xiaoqiu emphasized the need to adhere to marketization, rule of law, and internationalization. (Securities Times)

On January 11th, Xiao Gang, former chairman of the China Securities Regulatory Commission, stated at the 29th (2025) China Capital Market Forum that to better leverage the role of government guided funds, it is necessary to clarify the purpose of government guided funds and increase support for early-stage projects and cutting-edge technology projects; Establish a scientific and reasonable evaluation system and fault-tolerant mechanism, enhance risk tolerance, increase investment in basic research, attach importance to incubating new technologies and enterprises, and enhance the competitiveness of industrial and supply chains; Enhance fund management capabilities, build a team that understands industries, markets, laws, and capital operations, establish and improve market-oriented incentive and restraint mechanisms, optimize investment decision-making processes, and leverage the initiative of the management team. (Shanghai Stock News)

On January 11th, Mao Hansong, President of the China Securities Financial Research Institute, elaborated on the four key tasks of the next stage of capital market reform at the 29th (2025) China Capital Market Forum on January 11th, including strengthening the internal stability mechanism of the capital market, focusing on improving the pricing efficiency of the capital market, vigorously promoting the development of long-term funds and patient capital, cultivating a market investment and financing culture, and emphasizing the need to guide listed companies to increase dividends, repurchase, implement market value management responsibilities, continuously optimize the stock market and financial futures trading system, and break through the barriers for medium and long-term funds entering the market. (Shanghai Stock News)

On January 11, Dai Xianglong, former governor of the People’s Bank of China, said at the 29th China Capital Market Forum (2025) on January 11 that China has the necessity, conditions and ability to build a strong capital market. In terms of policy recommendations, Dai Xianglong proposed to study and support the establishment of national securities companies by large commercial banks. In addition, he also suggested increasing the investment of pension funds in the stock market and expanding the proportion of insurance funds invested in equity products. (Shanghai Stock News)