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February 7 - Xu Yiding, a member of the Party Committee and Vice President of the Agricultural Development Bank of China, is suspected of serious violations of discipline and law and is currently under disciplinary review and supervisory investigation by the Central Commission for Discipline Inspection and the National Supervisory Commission.February 7 - It was learned on February 7 local time that Iranian Armed Forces Chief of Staff Mousavi stated that the Iranian military remains on high alert and any threat, aggression, or miscalculation against Iran will be met with a decisive, swift, and regrettable response.On February 7th, Ukrainian President Volodymyr Zelenskyy stated that the United States and Russia might reach a bilateral agreement affecting Ukraine without Kyivs involvement. Zelenskyy said, "Given the potential risks, the Ukrainian delegation expressed the position that if there is any bilateral agreement between Russia and the United States, the clauses related to Ukraine cannot contradict the Ukrainian constitution." He appeared to be referring to the territorial issue. Zelenskyy indicated that Kyiv had received signals that Washington and Moscow might sign bilateral documents, including those related to economic cooperation. He said, "Intelligence indicates that Russia has proposed the so-called Dmitriev Plan to the United States, totaling approximately $12 trillion." He added that Kyiv had also seen some indications that a potential US-Russia bilateral document might include clauses related to Ukraine.February 7th - According to the official WeChat account "Pudong Release," the groundbreaking ceremony for the Zeiss Greater China Headquarters Complex was held in the Waigaoqiao Free Trade Zone on the afternoon of February 7th. The new complex represents Zeisss largest single infrastructure investment in China to date, with a planned construction area exceeding 50,000 square meters.February 7th - Driven by the widespread application of artificial intelligence and computer chips across various sectors of the economy, the semiconductor industry is poised to reach $1 trillion in revenue for the first time this year. According to the Semiconductor Industry Association (SIA), total semiconductor sales are projected to reach $791.7 billion in 2025, with a further 26% growth expected in 2026. SIA CEO John Neuffer stated that the semiconductor markets breakthrough of the trillion-dollar mark is happening much faster than anticipated, a positive sign for the entire business world. The huge demand for new data center computers is generating substantial profits for Nvidia, Micron Technology, and other chipmakers, allowing the industry to continue exceeding growth expectations. Neuffer noted that previous forecasters believed the industry might take another four years to reach a trillion-dollar scale.

Indices Forecast 2023 – Hang Seng Set For A Strong Rebound

Skylar Shaw

Jan 03, 2023 15:47

Chinese equities began to rebound in the last two months of the year following a significant decline brought on by the country's economic slump.


After implementing a tight zero-COVID policy for many years, China has begun to reopen. Although the sudden change in the prior policy has already resulted in records-breaking illnesses, things will probably settle down in the first few months of this year. In this case, the Chinese economy would expand rapidly, which will be positive for Chinese equities.


The primary dangers for Chinese equities in 2023 are still regulatory activities and escalating relations with the United States. Regulations are probably going to be less rigorous this year since China's government is focused on promoting development after the coronavirus outbreak, which should strengthen the Hang Seng index even further.

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