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Gold
4830.45
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Real-time News
On January 21st, star analyst Lu Dong stated that Hong Kong stocks will continue last years upward trend in 2026. Currently, the Hang Seng Index valuation is still below its historical average of 14-15 times. To return to these historical average multiples, given the current number of Hang Seng Index constituent stocks (over 80, unlike the earlier period with only 30), Hong Kong stocks have the potential to rise to between 30,000 and 31,000 points. "I think challenging 30,000 points in 2026 shouldnt be too difficult." In an interview with Bank of East Asia, Lu Dong mentioned that national policies supporting A-share to H-share conversions have led to a booming Hong Kong IPO market, which he believes will continue this year. The trend of funds chasing the technology sector seems to be continuing, while avoiding heavy asset and real estate sectors. He believes that technology and new energy sectors will continue to perform well. Regarding northbound capital, he believes there is room for an increase in its share of Hong Kong stock market turnover this year. As mainland companies convert from A-shares to H-shares for listing in Hong Kong, and given that H-shares are generally cheaper than A-shares, northbound capital will be more inclined to invest in Hong Kong.On January 21, the State Council Information Office held a press conference to introduce the achievements of industrial and information technology development by 2025. Tao Qing, Director of the Bureau of Operation Monitoring and Coordination of the Ministry of Industry and Information Technology, stated that since the beginning of the 14th Five-Year Plan, breakthroughs have been achieved in a number of key materials. High-performance carbon fiber composite materials have been used for the first time globally in the main load-bearing structures of commercially operated subway trains, achieving an 11% weight reduction for the entire vehicle. Going forward, the Ministry of Industry and Information Technology will focus on meeting the practical needs of key application areas, aiming to lead industrial development through material innovation. The development direction will be advanced basic materials, key strategic materials, cutting-edge new materials, and artificial intelligence + materials. The entire chain of advanced materials will be promoted through collaborative innovation, strengthening policy coordination, financial support, talent supply, and factor guarantees to create a favorable ecosystem for the research and application of new materials and comprehensively enhance the innovation capabilities and development efficiency of the new materials industry.On January 21st, the overnight SHIBOR was 1.3220%, down 5.20 basis points; the 7-day SHIBOR was 1.4880%, up 0.50 basis points; the 14-day SHIBOR was 1.5970%, up 1.50 basis points; the 1-month SHIBOR was 1.5590%, down 0.10 basis points; and the 3-month SHIBOR was 1.6000%, unchanged from the previous trading day.January 21 – The State Council Taiwan Affairs Office held a regular press conference on January 21. A reporter asked: Regarding the recent statement by Su Jia-chyuan, Chairman of the Straits Exchange Foundation (SEF), that his primary goal upon taking office is to restore healthy exchanges between the two cross-strait organizations, this is absolutely a very good thing for the people on both sides of the strait. What is the spokespersons comment on this? Spokesperson Peng Qing-en stated that the "1992 Consensus" is the political foundation for the development of cross-strait relations and the cornerstone of peace and stability in the Taiwan Strait. Only by acknowledging the "1992 Consensus," which embodies the one-China principle, can the two cross-strait organizations restart dialogue and consultation mechanisms, and only then can cross-strait relations return to the correct track of peaceful development.On January 21, the State Council Information Office held a press conference. Officials stated that basic telecommunications companies have renewed over 250 million phone numbers before their official release and unbound over 1 billion internet applications. A "Proactive Renewal" service portal has been launched on their official apps and mini-programs, supporting the unbinding of historical links from 239 commonly used internet applications, processing over 360 million unbinding requests from more than 5.8 million users. The next step will be to expand the coverage of "secondary number renewal" and promote its integration with more internet applications closely related to peoples livelihoods.
