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Real-time News
February 6th - Conducting on-site inspections of companies applying for initial public offerings (IPOs) is a crucial part of the entire IPO regulatory process. It is also an important means to urge and guide issuers and intermediaries to strengthen their quality awareness, improve the quality of their applications, and promote the strengthening of the capital markets foundation. In 2025, the China Securities Regulatory Commission (CSRC), adhering to the main themes of risk prevention, strengthened regulation, and promotion of high-quality development, upheld its primary regulatory responsibilities in on-site inspections, strictly controlling the entry point into the capital market while adhering to the principle of materiality to prevent oversimplification and reasonably balance investor protection with institutional inclusiveness. Throughout the year, it completed inspections and handling of 16 randomly selected companies and 4 companies with identified issues, involving 8 companies listed on the main board, 9 companies listed on the Science and Technology Innovation Board (STAR Market), and 3 companies listed on the ChiNext board.February 6th - With the Japanese House of Representatives election approaching this weekend, the cost of default protection on Japanese government bonds has risen, and investors are remaining cautious ahead of the vote. Patrick Munnelly of Tickmill Group stated in a report that the market is "betting on a victory for Prime Minister Sanae Takaichis ruling Liberal Democratic Party in the upcoming election." S&P Global Market Intelligence data shows that the spread on Japans 5-year sovereign credit default swaps rose by 1 basis point to 26 basis points.On February 6, Li Qiang chaired the 10th plenary meeting of the State Council. Li Qiang pointed out that it is necessary to adhere to a combination of short-term and long-term goals and solidly promote high-quality development. He emphasized the need to further strengthen the connection between annual work and the five-year plan, incorporating medium- and long-term goals and tasks into annual work plans. He stressed the importance of combining overall planning with key breakthroughs, developing high-quality special plans for various fields based on the planning outline, and deeply planning and implementing a number of major initiatives and projects, particularly achieving greater breakthroughs in developing new productive forces, strengthening the domestic economic cycle, and promoting residents income growth. He also emphasized the need for forward-looking planning while remaining grounded in reality, continuously shaping new development advantages that will lead the future through practice.On February 6, Premier Li Qiang chaired the 10th plenary meeting of the State Council to discuss the draft government work report and the draft outline of the 15th Five-Year Plan, to be submitted to the Fourth Session of the 14th National Peoples Congress for deliberation. Li Qiang pointed out that it is necessary to implement the various tasks deployed at the Central Economic Work Conference, be courageous in overcoming difficulties, and ensure a good start for the 15th Five-Year Plan. Macroeconomic policies should be proactive, fiscal funds should be allocated as early as possible, and coordination between fund allocation and project construction should be strengthened to ensure policies take effect as soon as possible. Key tasks should be accelerated, and implementation should be organized as early as possible when conditions are ripe. Policy support and reform and innovation should be combined to better stimulate market vitality and tap new growth points in domestic demand. Close attention should be paid to changes in the situation, with a focus on stabilizing employment, businesses, markets, and expectations. Policy research and reserves should be prepared and timely introduced as needed to ensure the smooth completion of the annual targets and tasks.February 6th - As tech stocks slumped, companies whose businesses are difficult for artificial intelligence to replace emerged as new winners. The S&P 500 fell 2% this week, mainly dragged down by software companies, while homebuilders, transportation companies, and heavy machinery manufacturers recorded strong gains. Consumer staples companies, considered a safe haven during economic downturns, rose 4.7%, on track for their best weekly performance since 2022. "Investors are rotating into AI-resistant sectors, those industries with physical, real-world elements. These sectors are good safe havens," said Michael ORourke, chief market strategist at JonesTrading. For example, homebuilders and building product manufacturers. Citigroup analyst Anthony Pettinari pointed out that these companies core activities (manufacturing, distribution, and assembly) are not areas that artificial intelligence can replace. "Ultimately, humans still need to go to the site to build houses," said Jay McCanless, an analyst at Citizens.
