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On January 5th, Ib Fredslund Madsen, Chief Strategist at Jysland Bank in Denmark, wrote in a report that financial markets are gradually downplaying the short-term geopolitical uncertainty brought about by the US military action to remove Venezuelan President Maduro. He stated that investors have experienced several seemingly intense geopolitical events in recent years, but none of these events have had a lasting impact on the market, and the situation in Venezuela is likely to be no exception. Venezuela possesses the worlds largest oil reserves, but due to years of underinvestment, mismanagement, and the withdrawal of most Western oil companies, its actual production is very limited.
On January 5th, Xusheng Group announced that it recently received a designation notice from a North American new energy vehicle manufacturer, under which the company will supply powertrain, body parts, subframes, battery boxes, and other components. According to the customers plan, the projects lifecycle is approximately 8 years, with total sales estimated at approximately RMB 7.8 billion. Mass production is expected to begin at the end of 2026. This project, with mass production expected to commence at the end of 2026, will not have a significant impact on the companys operating results for this year. The above matters will not affect the independence of the companys business, and the companys main business will not become dependent on the other party due to the performance of subsequent contracts.
The chart shows that at 23:00 Beijing time on January 5th, there will be large foreign exchange options contracts for EUR/USD and USD/JPY expiring, including two contracts with strike prices exceeding 1 billion. Please manage your risks.
On January 5th, Yonhap News Agency reported that South Korean President Lee Jae-myung stated at a business forum in Beijing that South Korea and China need to deepen cooperation in areas such as artificial intelligence (AI) and culture. He also used the metaphor of "sailing together on the same sea" to illustrate the deep economic and trade ties between South Korea and China. Lee Jae-myung stated that South Korea and China are like ships sailing in the same direction on the same sea, having weathered storms together, achieving mutual success through deep integration of industrial and supply chains, and jointly injecting momentum into global economic growth. Faced with the current new situation of changing global economic and trade landscape, accelerated technological transformation, and increased difficulty in restructuring industrial and supply chains, failing to proactively adjust direction and relying solely on past inertia may lead to missed key development opportunities.
According to Hong Kong Stock Exchange documents, Topshow Digital Technology (Group) Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange.