Category: Flash News

On January 9th, Zheng Zhajie, Director of the National Development and Reform Commission, issued a document stating that the key work of development and reform in 2025 will be fully implemented. Expand domestic demand comprehensively. Accelerate the “dual” construction from top to bottom, better coordinate “hard investment” and “soft construction”, improve investment areas and increase project support ratios, and strengthen supporting financing such as ultra long term loans. Strengthen efforts to carry out the “two new” work, further expand the scope and intensity of support, and strengthen the full chain management of projects and funds. Implement a special action to boost consumption, starting from increasing income and reducing burden, enriching supply, reducing restrictions, optimizing the environment, etc., closely combining promoting consumption with benefiting people’s livelihoods, and promoting consumption expansion, quality improvement, and efficiency enhancement. Coordinate and make good use of various government construction funds, accelerate fund allocation and project construction, and quickly generate more physical workload; Make good use of the national financing credit service platform and the national platform for promoting projects to private capital, and stimulate the vitality of private investment.

On January 9th, the China Geological Survey of the Ministry of Natural Resources announced a series of major breakthroughs in the exploration of lithium mines in China. The global proportion of lithium reserves has increased from 6% to 16.5%, and the ranking has jumped from sixth to second in the world, which is expected to reshape the global lithium resource landscape. So, what impact is expected to be brought to the domestic and even international lithium battery market landscape by such a newly added mineral deposit with such a reserve level? How will it affect the prices of domestic lithium battery products? “Reserves and mining output are two concepts. Generally speaking, the overall construction period of lithium mining plants is 2-3 years, and it may take 3-5 years in high-altitude areas.” Duan Zhiqiang, president of Wanchuang Investment Bank Research Institute, said that the overall exploration of mineral resources can be divided into four stages: pre survey, general survey, detailed survey and exploration. The stage of newly added mineral resources is generally in the aspect of pre survey or general survey, and the final economic mining output can be determined only in the exploration stage, and the overall transformation will continue for a period of time. (Securities Daily)

① 09:30 China’s December CPI and PPI; ② 15: 00 Germany’s November seasonally adjusted industrial output monthly rate and November seasonally adjusted trade account; ③ 18: November retail sales monthly rate in the 00 euro area; ④ 20: 30 US Challenger Companies Layoffs in December; ⑤ At 22:00, Federal Reserve Governor Huck delivered a speech; ⑥ 22:05 Fed Collins delivers speech; ⑦ At 02:35 the next day, Federal Reserve Governor Bauman delivered a speech.

On January 9th, recently, with the latest disclosure of the top ten shareholders by listed companies due to repurchase or restructuring matters, some foreign institutions have revealed the dynamic of adjusting positions and exchanging shares at the end of 2024. Foreign institutions frequently purchase A-share companies, laying out their investment plans in advance for 2025. According to incomplete statistics, from November to the end of December 2024, foreign institutions purchased or increased their holdings in A-share companies including Sanhua Zhikong, Hongchuang Holdings, Artus, Hassen Group, Fuhuang Steel Structure, Shengquan Group, Zhuoyi Information, Shimao Energy, Huahai Chengke, etc. It can be seen that as the domestic economic fundamentals continue to improve, foreign institutions are further focusing on companies with good fundamentals and rising prosperity. In addition, foreign institutions have a clear preference for merger and acquisition targets. (China Securities Journal)

On January 8th, US President elect Trump stated on Tuesday that he will seek to develop a policy of not building any wind farms during his second term as president. At a press conference held at his Mar-a-Lago estate in Florida, Trump said, “We will make a policy not to build windmills

On January 8th, there have been new developments in the trust property registration system that has received attention within the industry. Recently, the Beijing Regulatory Bureau of the State Administration of Financial Supervision and the Beijing Municipal Commission of Planning and Natural Resources jointly issued the “Notice on Doing a Good Job in Real Estate Trust Property Registration (Trial)”, which clarifies that trust companies within the jurisdiction of Beijing can establish real estate trusts for real estate within the administrative area of Beijing. The “Notice” will be implemented for one year from the date of issuance. Industry experts say that the release of the “Notice” is conducive to promoting the development of wealth management service trusts represented by family trusts and pushing the trust industry back to its roots. With the continuous improvement of the trust property registration system, potential ownership disputes in the management and transfer process in the future can be effectively resolved, and China’s trust assets worth over 20 trillion yuan are expected to be further revitalized.

① 08:30 Australian November weighted CPI annual rate; ② 10: The State Council Information Office held a regular briefing on State Council policies; ③ 15: 45 France’s November trade account; ④ 18: November PPI rate in the 00 euro area; ⑤ 18: 00 Eurozone December Economic Sentiment Index; ⑥ At 21:00, Federal Reserve Governor Waller delivered a speech; ⑦ 21:15 ADP employment figures in December in the United States; ⑧ 21:30 Number of initial jobless claims in the United States for the week ending January 4th; ⑨ 23:00 Wholesale sales monthly rate in November in the United States; ⑩ 23:30 US EIA crude oil inventory for the week ending December 30; ⑪ The next day at 01:00, the EIA natural gas inventory for the week of January 3rd in the United States; ⑫ At 03:00 the next day, the Federal Reserve released the minutes of its December monetary policy meeting.

On January 8th, the Economic Daily reported that the platform economy is currently in a critical period of moving towards high-quality development and needs to constantly adapt to changes in the macroeconomic environment. In the face of new challenges posed by the times, we must adhere to a balance between standardization and development. On the one hand, establish a sound and normalized regulatory system, create a favorable market environment for the healthy development of the platform economy, and ensure its steady progress on the track of the rule of law; Strengthen the protection of consumer rights and interests, establish and improve online consumer complaint disclosure, post consumer evaluation and other systems. At the same time, we will regulate the employment of platform enterprises in accordance with the law and protect the legitimate rights and interests of workers. On the other hand, promoting the innovative development of platform economy, platform enterprises have a unique advantage of having massive users and data, which is also an important foundation for innovative development. We should encourage platform enterprises to strengthen basic research and key core technology breakthroughs, and advance the layout of major scientific and technological projects. Carry out large-scale demonstration actions for the application of new technologies, products, and scenarios, such as innovative applications of artificial intelligence in the platform economy. Through these measures, cultivate new growth points and enhance the competitiveness of the platform economy.

On January 8th, the Nasdaq China Golden Dragon Index closed down 0.2%, while popular Chinese concept stocks fluctuated. Xiaopeng Motors rose nearly 10%, Miniso rose over 5%, Bilibili rose over 2%, and Pinduoduo and iQiyi rose over 1%; NIO fell over 4%, while Alibaba and Tencent Music fell over 1%.

On January 8th, US President elect Donald Trump promised to carry out the largest expulsion operation in the country’s history, and the person in charge of the operation he selected said it would require billions of dollars to complete the task, but this would ultimately reduce the burden on taxpayers. This is a large sum of money. Indeed, it is, “said Tom Homan, the border affairs director in charge of leading the eviction operation, at a Republican women’s club in central Texas on Monday evening.” But right now, we have to pay tens of billions of dollars in permanent expenses for this. “Homan was referring to the estimated $86 billion in eviction costs, but the specific scope involved is still unclear. But he said that compared to the continuous provision of accommodation, food, and relocation costs to immigrants entering the United States, this number is not worth mentioning.