Real-time News

Bank of Japan: Deputy Governor Shinichi Uchida will participate in the policy meeting by telephone.

Hang Seng Index futures opened 0.61% higher at 26,732 points, a premium of 149 points.

On January 22, XPeng Motors announced the launch of a 7-year low-interest installment purchase plan for its entire vehicle lineup, with down payments starting from 15% and monthly payments as low as 1,355 yuan. The promotion is valid until the end of this month.

The yield on 30-year Japanese government bonds fell 4.0 basis points to 3.680%.

January 22nd - The audacious idea of building high-density integrated circuits within a fiber thinner than a human hair has now become a reality. A team led by Peng Huisheng and Chen Peining from the Institute of Fiber Electronic Materials and Devices and the Department of Polymer Science at Fudan University has pioneered the development of a "fiber chip." Its information processing capabilities are comparable to some classic commercial chips, and it possesses unique advantages such as high flexibility, adaptability to complex deformations like stretching and twisting, and the ability to be woven. It is expected to provide crucial support for future industries such as brain-computer interfaces, electronic textiles, and virtual reality. At midnight Beijing time on January 22nd, this original achievement, breaking through the traditional silicon-based chip paradigm, was published in the internationally renowned academic journal *Nature*.

Sources say that U.S. refiner Valero has purchased Venezuelan oil from Vitol Energy Group.

Sources say that as part of an agreement between the United States and Venezuela, U.S. refiner Valero is buying Venezuelan oil.

The yield on 20-year Japanese government bonds fell 3.5 basis points to 3.220%.

On January 22, it was reported that Changan Automobile and Midea Group held a signing ceremony for a comprehensive strategic cooperation agreement on January 21. This signing signifies that, building upon their existing cooperation in digitalization, intelligent manufacturing, green energy, and logistics collaboration, the two companies will further deepen their cooperation in areas such as vehicle-home connectivity, auto parts, and omnichannel marketing.

According to Futures News on January 22, international oil prices continued to rise, with strong cost support. The PX market is expected to rise today, but demand support is weak, and the adjustment will be limited.

On January 22, Tenda Technology issued a price adjustment notice stating that, based on current raw material and market conditions, the company decided to raise prices for all products on January 22, with the online Tenda Yougou system implementing the increase simultaneously. This is understood to be the company's third price adjustment this month, and the second time that all its products have seen a price increase.

On January 22nd, futures market news reported that oil prices fluctuated narrowly, while fuel oil saw positive news, and market participants maintained a wait-and-see attitude, providing some support. Downstream restocking was moderate, and buying interest picked up. It is expected that fuel oil trading prices will remain stable with a slight increase today.

On January 22, the Venezuelan National Assembly was scheduled to discuss an oil reform plan on Thursday. If implemented, the plan would break the state's monopoly on the oil industry, allowing private companies to exploit and sell the country's abundant crude oil reserves. Previously, Venezuelan Acting President Rodriguez announced on January 15 his intention to reform the landmark hydrocarbon law, but did not provide details. The proposed amendments to the law would relax the role of the state-owned oil company, PDVSA, giving private companies greater freedom in oil extraction and sales, while reducing their tax burden. According to four sources familiar with the matter, the reform plan would also allow companies to resolve legal disputes through international arbitration rather than local courts. Oil royalties would be reduced from 33% to 20%, and income tax from 50% to 30%.

Futures News, January 22nd: I. Domestic Weather (1) Low temperatures still exist in Jiangnan and other areas, with temperatures gradually rising on the 23rd. On January 22nd, low temperatures still exist in Hunan, Guizhou, Jiangxi and other areas, with temperatures gradually rising from the 23rd. (2) Heavy to blizzard conditions in southwestern Tibet. From the night of January 22nd to the 24th, moderate to heavy snow is expected in parts of western Xinjiang and southwestern Tibet, with blizzards or heavy blizzards in some areas. During this period, light to moderate snow will occur on the Qinghai-Tibet Plateau from west to east, and temperatures will drop by 6-8℃ after the snowfall, with some areas experiencing drops of more than 10℃. II. Global Weather (1) Strong rain, snow, strong winds and temperature drops are expected in Central Asia and West Asia. Over the next three days, affected by the low-pressure system, some areas in southern Central Asia, central and eastern Afghanistan, the Pamir Plateau, eastern Far East, and central and northern Japan will experience heavy to blizzard-like snow or sleet, with some areas experiencing heavy to extremely heavy snow. Most of these areas will see a temperature drop of 8 to 12°C, with some areas experiencing a drop of 14 to 16°C, accompanied by strong winds of level 4 to 6 and above. (2) Heavy rainfall in central and southeastern Brazil. Over the next three days, affected by the low-pressure system, some areas in Brazil, Ecuador, western Colombia, Peru, and northern Bolivia will experience moderate to heavy rain, with some areas experiencing torrential rain. (3) Heavy precipitation in southern Africa and strong winds and temperature drops in the northwest. Over the next three days, affected by the low-pressure system, some areas in southern Africa, including Madagascar and Botswana, will experience moderate to heavy rain, with some areas experiencing torrential rain, accompanied by short-term heavy rainfall, thunderstorms, strong winds, and other severe convective weather. Temperatures in Libya and other areas will drop by 6 to 10 degrees Celsius or more, accompanied by strong winds of level 4 to 6 or higher.

Japan's Ministry of Finance: Japan's exports to the United States fell 11.1% year-on-year in December, while exports to Asia rose 10.2% year-on-year.

Integrated Circuits (Chips): 1. Ministry of Industry and Information Technology: Accelerate breakthroughs in key technologies such as training chips and heterogeneous computing power. 2. Moore's Threads: Expected revenue of RMB 1.45 billion to RMB 1.52 billion in 2025. 3. Japanese automakers join forces with chip manufacturers to establish a database to prevent supply disruptions and geopolitical shocks. 4. The US says its goal is to move 40% of Taiwan's semiconductor supply chain capacity to the US; Taiwan Affairs Office responds. 5. TSMC's advanced 3nm process faces unprecedented production bottlenecks; all capacity is booked until 2027. Artificial Intelligence: 1. OpenAI founder Altman meets with Middle Eastern investors to discuss $50 billion in funding. 2. The Qianwen series of models has surpassed 1 billion downloads. 3. OpenAI's first hardware device is reportedly an AI headset. 4. Apple plans to reshape Siri into a built-in chatbot, possibly announcing it in June. 5. Anthropic's annual revenue is reportedly over $9 billion by the end of 2025. 6. White House AI report: Research estimates AI could boost GDP by 1% to over 45%. 7. Apple plans to launch its first wearable AI pin in 2027, with an initial production run of 20 million units. 8. Ministry of Industry and Information Technology: By 2025, my country will have over 6,000 AI companies, with the core industry expected to exceed 1.2 trillion yuan. 9. Meta: The Super Intelligence Lab delivered its first batch of key AI models internally in January, and the new AI models performed "very well." Other: 1. my country successfully conducted an automatic platooning test of heavy-haul trains. 2. Ministry of Industry and Information Technology: my country has launched the second phase of 6G technology trials. 3. Shanghai tax authorities fined Pinduoduo 100,000 yuan. 4. French game giant Ubisoft restructured its business, canceling six games and lowering its performance guidance. 5. Ministry of Industry and Information Technology: Will release guidelines for the construction of a comprehensive standardization system for humanoid robots and embodied intelligence. 6. Reports indicate that Google's Chromebook shipment target for this year remains unchanged from 2025, at 19.5 million units. 7. Sources: Nvidia CEO Jensen Huang plans to visit China in late January to attend a company gathering before the Spring Festival holiday.

On January 22nd, a research report from CITIC Securities pointed out that the USD/CNY exchange rate has also continued to rise recently. Given the still strong willingness to settle foreign exchange in the short term, and the fact that the beginning of each year is a major window for RMB appreciation, it cannot be ruled out that the RMB will continue to rise before the Spring Festival, releasing appreciation pressure. The combination of falling US Treasury yields and a strengthening RMB will put considerable pressure on current US Treasury holdings. However, after entering March, US Treasury yields and the RMB exchange rate may simultaneously peak, at which time a more ideal buying opportunity will be provided.

The founder of the US car trading platform TrueCar stated that tariffs will drive up prices and reduce supply. Longer car loans are also a problem for the auto industry.