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According to an announcement by Guoxin Technology, Tibet Jinshengtai Venture Capital Co., Ltd., a shareholder holding less than 5% of the companys shares, reduced its holdings by 5.8 million shares through centralized bidding from October 9, 2025 to December 29, 2025, accounting for 1.73% of the companys total share capital. The selling price ranged from RMB 27.01 to RMB 35.33 per share, with a total selling amount of RMB 177 million. Before the reduction, the company held 8.5 million shares, accounting for 2.53%, and after the reduction, it holds 2.7 million shares, accounting for 0.80%. The share reduction plan has been completed.December 29th - At a press conference held today by the China Council for the Promotion of International Trade (CCPIT), it was learned that preparations for the 4th Global Supply Chain Promotion Expo are proceeding smoothly, and an artificial intelligence (AI) zone will be set up for the first time. The 4th Expo will continue the innovation chain zone established in the previous expo, showcasing the complete ecosystem of innovative achievements in transformation and application, and precisely building a platform for supply and demand exchange and cooperation. The expo will focus on showcasing future new economic growth points such as quantum technology, biomanufacturing, hydrogen energy and nuclear fusion energy, brain-computer interfaces, embody intelligence, and 6G mobile communication in its six-chain, one-exhibition area.On December 29th, Southeast Grid announced that it recently received a "Letter of Award" from the bidding entity, Hangzhou Xiaoshan Sanjiang Innovation and Intelligent New City Construction and Development Co., Ltd., confirming that the consortium formed by the company and China United Engineering Corporation has won the bid for the "EPC General Contracting of China Vision Valley Industrial Base (Standard Factory Building) Project". The total bid amount for this project is RMB 887,264,430. This project was won by a consortium; the contract amount involved for the company will be subject to the specific implementation agreement signed by all parties subsequently.Five new stocks were listed on the Hong Kong Stock Exchange today. Midland Holdings (02671.HK) rose about 30% in grey market trading, 51 Vision (06651.HK) rose about 45% in grey market trading, Xunze (03317.HK) fell 35% in grey market trading, Lin Qingxuan (02657.HK) rose more than 27% in grey market trading, and Woan Robotics (06600.HK) fell nearly 15% in grey market trading.Hong Kong-listed IPO Insilicon (03696.HK) surged nearly 120% in grey market trading and is currently up 71%, with a turnover exceeding HK$66 million.

GBP/USD is nearing its 50-day moving average as DXY follows rates lower, while UK politics and US GDP are closely monitored

Daniel Rogers

Oct 25, 2022 15:33

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GBP/USD rises above 1.1300, gaining 0.25 percent intraday, as investors praise a weakening US dollar and await a resolution to the UK's parliamentary upheaval on Tuesday morning. Nevertheless, a dearth of significant data/events and sluggish markets, in addition to the immediate technical problems, present obstacles for pair buyers following a bad start to the week.

 

Following his election as the third British Prime Minister in less than two months, former Financial Minister Rishi Sunak reminded his followers that the United Kingdom is experiencing a "serious economic problem." The politician continued, "We now require stability and unity, and I will make unifying our party and our nation my top priority." GBP/USD buyers are hopeful about surviving the month-long political uncertainty due to Sunak's credibility, which is partly related to his expertise at Goldman Sachs and his ability to accurately predict financial turmoil if Liz Truss implements her fiscal stimulus.