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The Hang Seng Tech Index fell further to 2%, while the Hang Seng Index dropped 1.84%.
Market news: The Trump administration is preparing to confirm Kevin Warsh as the new chairman of the Federal Reserve.
The most active palladium futures contract fell more than 6.00% intraday, currently trading at 494.15 yuan/gram. The most active platinum futures contract fell more than 8.00% intraday, currently trading at 656.95 yuan/gram. The most active nickel futures contract fell 2.00% intraday, currently trading at 142,610.00 yuan/ton.
On January 30th, Meng Fanli, Deputy Secretary of the Guangdong Provincial Party Committee and Governor of Guangdong Province, presided over a plenary meeting of the provincial government. The meeting emphasized the need for comprehensive advancement and focused implementation, coordinating demand-side potential tapping and supply-side reforms to expand effective investment. This includes a comprehensive review of investment opportunities in industries, infrastructure, and real estate, ensuring the smooth construction of projects of all sizes, and accelerating the entire process from project planning and construction to completion and acceptance. The meeting also stressed the importance of expanding production to meet demand, focusing on market development, innovation, comprehensive empowerment, and resource guarantees, and organizing high-quality production and sales matchmaking events such as "Guangdong Goods Go Global" to support the healthy development and expansion of enterprise production and operations. Furthermore, the meeting called for stimulating potential consumption, coordinating commodity consumption, service consumption, online consumption, and tourism consumption to effectively transform visitor traffic into growth momentum. Finally, the meeting emphasized the need to consolidate the positive momentum of foreign trade and investment, and actively seek all possible markets and growth opportunities.
A-share ST Yingfeitong hit the daily limit during trading, staging a dramatic "from bottom to top" reversal, with a turnover exceeding 90 million yuan.
Sources familiar with the matter said that former Federal Reserve Governor Kevin Warsh met with US President Donald Trump at the White House on Thursday.
London Metal Exchange: LMEselect experienced a delay in opening due to technical issues.
Tianqi Lithium (09696.HK) shares fell in early trading in Hong Kong, with the decline now widening to 6.72%. The company recently announced that it expects net profit of RMB369 million to RMB553 million in 2025, turning a loss into a profit.
The Hang Seng Index fell by 1%, while the Hang Seng Tech Index dropped 1.44%; most stocks related to precious metals and online retailers declined.
On January 30th, Zhijie officially announced that its entire model lineup will receive its first OTA upgrade of the new year, covering more than 30 new functions across three dimensions: intelligent driving, intelligent fun, and safety. New features include three-point turn-off, enhanced automatic emergency steering assist (eAES), in-vehicle and out-of-vehicle dialogue, 3D car model modification, and a parking voice pack exclusive to Liu Yifei.
The Hang Seng Tech Index fell as much as 1% in early trading, while the Hang Seng Index is currently down 0.64%.
The main Shanghai silver futures contract rose 2.00% intraday, currently trading at 30,333.00 yuan/kg.
The White House: More announcements will be made regarding the easing of sanctions on Venezuela.
The White House stated that the easing of sanctions against Venezuela applies only to downstream, not upstream, oil production.
As of 09:30 Beijing time, WTI crude oil futures fell 0.63% and U.S. natural gas futures fell 1.33%.
On Friday, January 30, the Hong Kong Hang Seng Index opened down 182.11 points, or 0.65%, at 27,785.98; the Hang Seng Tech Index opened down 51.61 points, or 0.88%, at 5,789.49; the H-share Index opened down 64.82 points, or 0.68%, at 9,487.76; and the Red Chip Index opened down 17.67 points, or 0.4%, at 4,452.34.
On January 30th, according to the Shenzhen Power Supply Bureau of China Southern Power Grid, Shenzhen's total electricity consumption in 2025 reached 127.215 billion kWh, a year-on-year increase of 4.71%. Specifically, electricity consumption in the secondary industry was 58.927 billion kWh, a year-on-year increase of 2.28%; in the tertiary industry, it was 46.732 billion kWh, a year-on-year increase of 7.24%; and residential electricity consumption was 21.496 billion kWh, a year-on-year increase of 6.20%. The proportions of electricity consumption in the primary, secondary, and tertiary industries, and residential consumption were 0.05%, 46.3%, 36.7%, and 16.9%, respectively, with the proportions of the tertiary industry and residential electricity consumption steadily increasing. In 2025, electricity consumption in the pharmaceutical manufacturing, computer, communication and other electronic equipment manufacturing, and instrumentation manufacturing industries continued to show good growth, increasing by 6.57%, 8.87%, and 9.2% year-on-year, respectively. In 2025, electricity consumption in Shenzhen's information transmission, software and information technology services industry and leasing and business services industry increased by 27.07% and 10.68% year-on-year, respectively, indicating that modern service industries, represented by the digital economy, professional services, and business exhibitions, are in a phase of rapid expansion. In 2025, electricity consumption in the city's wholesale and retail sector increased by 20.71% year-on-year. Residential electricity consumption increased by 6.20% year-on-year, indirectly reflecting the improvement in residents' living standards and the enhancement of their consumption willingness and ability.
Hong Kong stocks opened lower, with the Hang Seng Index down 0.65% and the Hang Seng Tech Index down 0.88%. Zijin Mining (02899.HK) opened down 3.51%, while Sunny Optical Technology (02382.HK) opened up 3.1%, after announcing that it expects its net profit to increase by 70%-75% year-on-year in 2025.
On January 30th, the highest 7-day annualized yield of Tencent Wealth Management's "Current Account +" was 1.5090%, and the lowest was 0.8600%. The highest 7-day annualized yield of WeChat Pay's "Lingqian Tong" was 1.1820%, and the lowest was 1.0220%. The highest 7-day annualized yield of Alipay's "Yu'ebao" was 1.1520%, and the lowest was 1.0090%.
The People's Bank of China (PBOC) announced today that it conducted 477.5 billion yuan of 7-day reverse repurchase operations, with both the bid and winning bids amounting to 477.5 billion yuan. The operating rate was 1.40%, unchanged from the previous rate.
Apr 21, 2023 14:03
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Apr 20, 2023 13:54