Real-time News

January 22nd - According to foreign media reports, Alibaba (09988.HK) is preparing to list its chip manufacturing unit, T-Head, a move fueled by strong investor interest in the few remaining companies in the field attempting to compete with Nvidia (NVDA.O). Sources familiar with the matter revealed that as a first step, Alibaba plans to restructure the unit into a partially employee-owned business entity. Subsequently, the company will consider an initial public offering (IPO), but the specific timing is unclear. It is understood that this process is still in its early stages, and it remains unclear what valuation T-Head will receive.

On January 22, Liu Jiannan, Vice Chairman of the China Council for the Promotion of International Trade (CCPIT), met with Michel Long, CEO of Citigroup North Asia, in Beijing to exchange views on promoting exchanges between Chinese and American business communities, participating in APEC business activities, and deepening cooperation in industrial and supply chains.

Morgan Stanley raised its price target for Johnson & Johnson (JNJ.N) from $197 to $200.

German Chancellor Merz: We support negotiations between Denmark, Greenland, and the United States on the basis of the principles of sovereignty and territorial integrity.

On January 22, a spokesperson for the Ministry of Commerce answered reporters' questions regarding China-Finland economic and trade cooperation, stating that Finnish Prime Minister Orpo will be accompanied by executives from over 20 companies covering Finland's advantageous sectors, including machinery, forestry, innovation, clean energy, and food, fully demonstrating Finland's strong desire to deepen bilateral economic and trade relations. China attaches great importance to economic and trade cooperation with Finland and is actively preparing for the sixth meeting of the China-Finland Innovation Enterprise Cooperation Committee, providing a good opportunity for companies from both sides to conduct dialogue, exchange ideas, and jointly explore cooperative development. Chinese and Finnish companies are very enthusiastic, with approximately 50 company representatives already registered to attend. During the visit, the Ministry of Commerce will sign a Memorandum of Understanding with the Finnish side on strengthening the work of the China-Finland Innovation Enterprise Cooperation Committee, and companies from both sides will also sign several business cooperation agreements.

Porton Pharma Solutions expects net profit attributable to shareholders of the listed company to be between RMB 80 million and RMB 105 million, turning a loss into a profit year-on-year.

German Chancellor Merz: A new era has begun.

On January 22nd, the Shanghai Futures Exchange (SHFE) warehouse receipts and their changes were as follows: 1. TSR20 rubber futures warehouse receipts: 55,339 tons, a decrease of 403 tons from the previous trading day; 2. International copper futures warehouse receipts: 10,685 tons, a decrease of 75 tons from the previous trading day; 3. Alumina futures warehouse receipts: 126,641 tons, an increase of 7,513 tons from the previous trading day; 4. Butadiene rubber futures warehouse receipts: 26,920 tons, an increase of 1,290 tons from the previous trading day; 5. Medium-sulfur crude oil futures warehouse receipts: 3,464,000 barrels, unchanged from the previous trading day; 6. Fuel oil futures warehouse receipts: 0 tons, unchanged from the previous trading day; 7. Natural rubber futures warehouse receipts: 109,870 tons, unchanged from the previous trading day; 8. Silver futures warehouse receipts: 589,052 kg, a decrease of 11,727 kg from the previous trading day; 9. Stainless steel warehouse futures receipts totaled 38,569 tons, an increase of 373 tons from the previous trading day; 10. Aluminum futures warehouse receipts totaled 138,856 tons, an increase of 101 tons from the previous trading day; 11. Copper futures warehouse receipts totaled 143,173 tons, a decrease of 2,408 tons from the previous trading day; 12. Tin futures warehouse receipts totaled 8,616 tons, a decrease of 52 tons from the previous trading day; 13. Pulp warehouse futures receipts totaled 128,554 tons, unchanged from the previous trading day; 14. Pulp mill warehouse futures receipts totaled 11,000 tons, unchanged from the previous trading day; 15. Rebar warehouse futures receipts totaled 28,244 tons, unchanged from the previous trading day; 16. Hot-rolled coil futures warehouse receipts totaled 179,427 tons, a decrease of 10,475 tons from the previous trading day; 17. Nickel futures warehouse receipts totaled 41,584 tons, an increase of 432 tons from the previous trading day; zinc futures warehouse receipts totaled 30,300 tons, a decrease of 747 tons from the previous trading day; lead futures warehouse receipts totaled 27,765 tons, an increase of 201 tons from the previous trading day; petroleum asphalt plant warehouse futures warehouse receipts totaled 30,810 tons, unchanged from the previous trading day; petroleum asphalt warehouse futures warehouse receipts totaled 15,010 tons, unchanged from the previous trading day; low-sulfur fuel oil warehouse futures warehouse receipts totaled 13,000 tons, unchanged from the previous trading day; and gold futures warehouse receipts totaled 102,009 kg, an increase of 2,019 kg from the previous trading day.

Kremlin: Russian Presidential Aide Ushakov will hold a briefing after Russian President Vladimir Putin meets with US Presidential Envoy Witkov and Trump's son-in-law Jared Kushner.

The meeting between Ukrainian President Volodymyr Zelensky and US President Donald Trump is scheduled for 1 p.m. local time (8 p.m. Beijing time).

The onshore yuan closed at 6.9628 against the US dollar at 16:30 on January 22, up 22 points from the previous trading day.

On January 22nd, French video game publisher Ubisoft announced a complete restructuring on Thursday, stating that it would cancel the release of six games. The developer of the "Assassin's Creed" series delayed its market opening, and its shares subsequently fell nearly 30%, leading the decline in the SBF 120 index.

On January 22, it was reported that on January 21, Ling Ji, Vice Minister of Commerce and Deputy Representative for International Trade Negotiations, and Kootaia, Permanent Secretary of the Ministry of Foreign Affairs and Tourism of Malta, co-chaired the 11th meeting of the China-Malta Joint Commission on Economic and Trade Cooperation in Beijing. Ling Ji stated that in recent years, China-Malta economic and trade cooperation has developed steadily and healthily, achieving fruitful results. During the 15th Five-Year Plan period, China will unswervingly expand high-level opening-up and is willing to strengthen strategic alignment with Malta, explore cooperation potential, and deepen cooperation in areas such as agricultural trade, shipping, green energy, port logistics, and tourism, promoting the healthy development of bilateral economic and trade relations. Following the meeting, both sides signed the minutes of this Joint Commission meeting, and the Transportation and Port Authority of Yangpu Economic Development Zone, Hainan Province, and the Malta Free Port Company signed a Memorandum of Understanding on Cooperation.

As Ukrainian President Volodymyr Zelenskyy prepares to meet with US President Donald Trump in Davos, Ukrainian international bonds rose by as much as 2.5 cents.

Israeli President Herzog: Concerned about the Druze people in Syria.

On January 22, the Hebei Provincial Bureau of Statistics released data showing that, according to the unified accounting results for regional GDP, the province's GDP in 2025 reached 4,930.52 billion yuan, a 5.6% increase over the previous year at constant prices. By industry, the added value of the primary industry was 451.45 billion yuan, a 3.4% increase; the added value of the secondary industry was 1,762.24 billion yuan, a 5.4% increase; and the added value of the tertiary industry was 2,716.83 billion yuan, a 6.1% increase.

The Hang Seng Index closed up 44.9 points, or 0.17%, at 26,629.96 on Thursday, January 22; the Hang Seng Tech Index closed up 16.14 points, or 0.28%, at 5,762.44; the H-share Index closed down 8.65 points, or 0.09%, at 9,114.3; and the Red Chip Index closed up 19.98 points, or 0.48%, at 4,223.84.