Real-time News

On January 5th, Hong Kong stocks closed with the Hang Seng Index up 0.03% and the Hang Seng Tech Index up 0.09%. The total turnover of the Hang Seng Index reached HK$283.462 billion. On the sector front, short video concept stocks strengthened throughout the day, with Kuaishou (01024.HK) rising over 11% and Bilibili (09626.HK) rising over 5%. Mainland property stocks were active, with Ronshine China (03301.HK) and Greentown China (03900.HK) rising over 6%. Pharmaceutical outsourcing concept stocks collectively strengthened, with Joinn Laboratories (06127.HK) rising over 13% and Tigermed (03347.HK) rising over 6%. On the downside, commercial aerospace stocks collectively declined, with Goldwind Technology (02208.HK) falling over 8% and Asia Pacific Satellite (01045.HK) falling over 6%. Automotive stocks weakened throughout the day, with Great Wall Motor (02333.HK) falling more than 6% and NIO (09866.HK) falling nearly 6%.

The Hang Seng Index closed up 8.77 points, or 0.03%, at 26,347.24 on Monday, January 5; the Hang Seng Tech Index closed up 5.19 points, or 0.09%, at 5,741.63 on Monday, January 5; the H-share Index closed down 20.52 points, or 0.22%, at 9,148.47 on Monday, January 5; and the Red Chip Index closed up 2.83 points, or 0.07%, at 4,086.74 on Monday, January 5.

On January 5, Foreign Ministry Spokesperson Lin Jian held a regular press conference. A reporter asked about Trump's "threats" to Cuba and other countries. In response, Lin Jian stated that China firmly supports the status of the Latin American and Caribbean Zone of Peace, opposes any actions that violate the purposes and principles of the UN Charter or infringe upon the sovereignty and security of other countries, opposes the use or threat of force in international relations, and opposes external forces interfering in the internal affairs of Latin American countries under any pretext.

Spain's unemployment rate fell 0.67% month-on-month in December, compared with a previous reading of -0.77%.

According to the General Statistics Office of Vietnam, Vietnam's GDP is projected to grow by 8.02% by 2025.

JPMorgan Chase predicts that Venezuelan and PDVSA bonds will rise by as much as 10 points on Monday following the US arrest of Maduro.

On January 5th, Ib Fredslund Madsen, Chief Strategist at Jysland Bank in Denmark, wrote in a report that financial markets are gradually downplaying the short-term geopolitical uncertainty brought about by the US military action to remove Venezuelan President Maduro. He stated that investors have experienced several seemingly intense geopolitical events in recent years, but none of these events have had a lasting impact on the market, and the situation in Venezuela is likely to be no exception. Venezuela possesses the world's largest oil reserves, but due to years of underinvestment, mismanagement, and the withdrawal of most Western oil companies, its actual production is very limited.

On January 5th, Xusheng Group announced that it recently received a designation notice from a North American new energy vehicle manufacturer, under which the company will supply powertrain, body parts, subframes, battery boxes, and other components. According to the customer's plan, the project's lifecycle is approximately 8 years, with total sales estimated at approximately RMB 7.8 billion. Mass production is expected to begin at the end of 2026. This project, with mass production expected to commence at the end of 2026, will not have a significant impact on the company's operating results for this year. The above matters will not affect the independence of the company's business, and the company's main business will not become dependent on the other party due to the performance of subsequent contracts.

The chart shows that at 23:00 Beijing time on January 5th, there will be large foreign exchange options contracts for EUR/USD and USD/JPY expiring, including two contracts with strike prices exceeding 1 billion. Please manage your risks.

On January 5th, Yonhap News Agency reported that South Korean President Lee Jae-myung stated at a business forum in Beijing that South Korea and China need to deepen cooperation in areas such as artificial intelligence (AI) and culture. He also used the metaphor of "sailing together on the same sea" to illustrate the deep economic and trade ties between South Korea and China. Lee Jae-myung stated that South Korea and China are like ships sailing in the same direction on the same sea, having weathered storms together, achieving mutual success through deep integration of industrial and supply chains, and jointly injecting momentum into global economic growth. Faced with the current new situation of changing global economic and trade landscape, accelerated technological transformation, and increased difficulty in restructuring industrial and supply chains, failing to proactively adjust direction and relying solely on past inertia may lead to missed key development opportunities.

According to Hong Kong Stock Exchange documents, Topshow Digital Technology (Group) Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange.

UBS forecasts Brent crude oil prices at $62 per barrel by the end of Q1, $65 per barrel by mid-year, and $67 per barrel by the end of 2026.

UBS: We expect global oil demand to increase by approximately 1.2 million barrels per day by 2026, while non-OPEC+ supply is expected to increase by approximately 800,000 barrels per day.

On January 5th, Saxo Bank analyst Charu Chanana wrote in a report that, in the short term, Venezuela is not the kind of shock factor that would automatically tighten global supply, thus forcing a significant repricing of oil prices. Even if the political path shifts to a more constructive one, crude oil production will be difficult to recover quickly. The industry needs capital, equipment, manpower, and properly functioning infrastructure; this is a years-long rebuilding process, not a rapid restart. She also pointed out that Venezuela's oil industry has long suffered from a lack of funds and limited infrastructure. For oil prices to achieve a sustainable repricing, geopolitical factors must manifest in actual disruptions to the supply chain or trigger broader regional shocks.

UBS: Venezuela’s prospects remain highly uncertain, with short-term risks to oil production tilted to the downside.

On January 5th, the General Office of the Sichuan Provincial People's Government issued the "Construction Plan for the Sichuan Provincial National Digital Economy Innovation and Development Pilot Zone." The plan proposes to enhance the innovation capacity of collaborative development areas. It supports collaborative development areas in actively participating in the construction, supplementation, extension, and strengthening of the digital industry chain, focusing on key supporting facilities, key links, and application scenarios within the industrial chain. It supports Deyang, Suining, and other cities in collaboratively promoting the intelligent equipment industry cluster. It supports Zigong, Nanchong, Meishan, Ziyang, and other cities in promoting the upgrading of the digital low-altitude industry and satellite remote sensing and application industries. It leverages the comparative advantages of Panzhihua, Neijiang, Ya'an, Aba, Liangshan, and other cities (prefectures) to establish intelligent computing centers and computing power monitoring and scheduling service facilities, creating a collaborative, complementary, and distinctive data infrastructure industry cluster. It supports each city (prefecture) in developing its characteristic and advantageous industries according to local conditions, creating a number of digital economy industrial parks and data service industry bases.