Real-time News

February 9th - The overnight SHIBOR was 1.2700%, down 0.70 basis points; the 7-day SHIBOR was 1.5050%, up 7.00 basis points; the 14-day SHIBOR was 1.5840%, up 8.00 basis points; the 1-month SHIBOR was 1.5500%, unchanged from the previous trading day; and the 3-month SHIBOR was 1.5800%, unchanged from the previous trading day.

On February 9th, NIO founder, chairman, and CEO William Li announced plans to build 1,000 new battery swapping stations by 2026, increasing the number of "scenic charging routes" to 100. Following the completion of the G318 Sichuan-Tibet and Yunnan-Tibet battery swapping routes last year, the Silk Road battery swapping route will be opened this year. Furthermore, large-scale construction of the fifth-generation battery swapping stations will begin this year.

February 9th - BNP Paribas economists stated that the ruling Liberal Democratic Party's (LDP) victory in the general election is expected to further strengthen its stringent economic policies. Their research report noted, "While there are still cautious opinions within the LDP regarding a consumption tax cut, the likelihood of its implementation has significantly increased given the election results." Analysts believe that considering the Prime Minister's public commitment to implementing the consumption tax cut by fiscal year 2026 and his overwhelming victory, the government is likely to accelerate the implementation of this measure while remaining focused on market stability. The report also pointed out that the LDP's victory could make it easier for the Takashimakata municipal government to push through the increased defense spending requested by the United States.

On February 9th, Bank of America Securities issued a report stating that Meitu (01357.HK) expects its non-GAAP adjusted net profit for last year to grow by 60% to 66%, to RMB 938 million to RMB 973 million, with a median growth of 63% to RMB 955 million, slightly higher than market expectations and Bank of America's forecast by 1%. This is mainly driven by two factors: rapid growth in product revenue and operating leverage. Bank of America Securities maintains its "Buy" rating on Meitu with a target price of HKD 11.3, based on the strong profit expansion driven by the increase in the proportion of paying users and operating leverage.

On February 9th, Daiwa Securities issued a report stating that Yum China (09987.HK)'s fourth-quarter results for 2025 exceeded expectations. KFC's same-store sales growth was better than anticipated, and the price increase for delivery channels in January indicated a recovery in consumer confidence and a more rational pricing trend in the industry. The report noted that Yum China's management forecasts a slight year-on-year increase in operating profit margin for 2026, but with improved competition in the Chinese market, further room for profit margins to exceed market expectations is anticipated. Daiwa reiterated its "Buy" rating on Yum China and raised its target price from HK$450 to HK$520.

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.

Hong Kong-listed insurance stocks rose amid volatility, with China Life (02628.HK), Ping An Insurance (02318.HK), China Pacific Insurance (02601.HK), and China Taiping (00966.HK) all rising by more than 4%, while PICC Property & Casualty (02328.HK) and PICC Group (01339.HK) followed suit.

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

Hong Kong-listed mainland property stocks fluctuated but strengthened, with Sunac China (01918.HK) rising over 9%, Logan Property (03380.HK) and CIFI Holdings Group (00884.HK) both rising 7%, R&F Properties (02777.HK), Longfor Group (00960.HK), Greentown China (03900.HK), and Zhongliang Holdings (02772.HK) rising over 5%, and Country Garden (02007.HK) rising 3%.

February 9th - According to Tianyancha's business registration information, Zivian Robotics Technology (Jinan) Co., Ltd. recently underwent business registration changes, adding Zhejiang Alibaba Cloud Computing Co., Ltd. and Guokai Xiong'an Investment Co., Ltd. as shareholders. The registered capital increased from approximately 810,000 RMB to approximately 980,000 RMB. At the same time, some key personnel also changed.

Hong Kong-listed semiconductor stocks continued their upward trend, with GigaDevice (03986.HK) rising over 9.5%, Innoscience (02577.HK) rising over 6%, Hua Hong Semiconductor (01347.HK) rising nearly 5%, and Nanochip (02676.HK) and SMIC (00981.HK) rising over 3%.

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.