Real-time News

February 9th - According to the official WeChat account of Zhenxin Technology, in response to the multi-beam communication payload requirements of large LEO satellite constellations and supporting phased arrays for commercial aerospace companies such as SpaceX and OneWeb, Zhenxin Technology has designed and launched the GM5900A, a fully digital multi-beam synthesizer chip with 32 transmit and 32 receive DBF (Digital Beam Form).

Japanese Chief Cabinet Secretary Minoru Kihara: We will continue to engage in dialogue with the market.

Japanese Chief Cabinet Secretary Minoru Kihara: We are closely monitoring foreign exchange trends with a high sense of urgency.

Japanese Chief Cabinet Secretary Minoru Kihara expressed concern about the one-sided and rapid fluctuations in the foreign exchange market.

Japanese Chief Cabinet Secretary Minoru Kihara: The yen has been fluctuating rapidly and in a relatively one-way direction recently.

Japanese Chief Cabinet Secretary Minoru Kihara: I will not comment on foreign exchange levels.

February 9th - Analysts believe that while the US-India trade agreement has many labels, it falls short of being a mutually respectful agreement between two major economies. Its operational logic is more akin to an IMF-style bailout. While competitors like Thailand, Malaysia, Indonesia, and Vietnam have finalized formal agreements, the text seen by Indians on Saturday clearly indicates that this is merely a "temporary" trade framework. Indian exporters did receive benefits, with the 50% tariff they had been bearing since August being halved. This halving was defined as a punitive measure against India for "indirectly funding Putin's war in Ukraine through the purchase of Russian oil." However, this is not an amnesty, but rather more like parole. In another executive order, US President Donald Trump announced the establishment of a committee headed by Commerce Secretary Howard Lutnick to monitor whether India is importing Russian oil "directly or indirectly." Based on the committee's assessment, the US could reinstate the 25% punitive tariff at any time.

February 9th - The Seventh Session of the Seventh Shenzhen Municipal People's Congress opened on February 9th, with Mayor Qin Weizhong delivering the government work report on behalf of the municipal government. Qin Weizhong stated that 2026 is the first year of the 15th Five-Year Plan and the year Shenzhen will host the 33rd APEC Economic Leaders' Meeting. Taking into account the external environment and Shenzhen's realities, the main expected targets for economic and social development this year are: a 5% increase in the city's GDP; a stabilization and recovery in fixed asset investment, striving for a 5% increase; a 6% increase in total retail sales of consumer goods; stable growth, market share, and overall growth in foreign trade; a consumer price index increase of around 2%; and residents' income growth in tandem with economic growth. Efforts will be made to achieve even better results in practice.

DownDetector, a network monitoring website, reports user complaints that X is experiencing problems.

February 9th - Today is the eighth day of the Spring Festival travel rush. The national railway system is expected to transport 14.25 million passengers today, with 1,674 additional passenger trains planned. In accordance with the regulation that train tickets are sold 15 days in advance, tickets for the seventh day of the Lunar New Year, February 23rd, went on sale today. Railway authorities previously predicted that the seventh day of the Lunar New Year would be the peak of post-holiday travel.

The yield on 30-year Japanese government bonds fell 0.5 basis points to 3.545%, erasing earlier gains.

On February 9th, according to Qichacha APP, Dongguan Yutong Optoelectronics Micro-Nano Technology Co., Ltd. was recently established with a registered capital of 20 million yuan. Its business scope includes: manufacturing of integrated circuit chips and products; manufacturing of virtual reality equipment; and manufacturing of intelligent vehicle equipment. Qichacha's equity penetration analysis shows that the company is wholly owned by Yutong Optics.

February 9th - Tencent Wealth Management's current account + 7-day annualized yield ranges from a high of 1.7480% to a low of 0.8310%, WeChat Pay's 7-day annualized yield ranges from a high of 1.1840% to a low of 1.0280%, and Alipay's Yu'ebao's 7-day annualized yield ranges from a high of 1.2580% to a low of 1.0100%.

As of 09:30 Beijing time, WTI crude oil futures fell 0.60%, and US natural gas futures fell 6.02%.

The People's Bank of China (PBOC) announced today that it conducted 113 billion yuan of 7-day reverse repurchase operations, with both the bid and winning bids amounting to 113 billion yuan. The operating rate was 1.40%, unchanged from the previous rate.

On Monday, February 9th, the Hong Kong Hang Seng Index opened 422.54 points higher, or 1.59%, at 26,982.49; the Hang Seng Tech Index opened 101.43 points higher, or 1.9%, at 5,447.63; the H-share Index opened 139.19 points higher, or 1.54%, at 9,170.57; and the Red Chip Index opened 38.85 points higher, or 0.89%, at 4,399.55.

On February 9th, Industrial Bank announced that, based on business development needs, it will close the online banking trading channel for personal precious metals trading on behalf of the Shanghai Gold Exchange after February 14, 2026. Counter and mobile banking trading channels will remain open. Given the current volatile precious metals market and significant market risks, individual customers who have not yet completed contract termination are reminded to promptly close out/sell their deferred contracts, withdraw funds, and terminate their contracts. The bank will continue to adjust customer trading channels according to market conditions and business development needs.