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On January 20th, Feng Yin, Assistant President of Gree Electric Appliances and General Manager of Zhuhai Gree Electronic Components Co., Ltd., revealed at the Greater Bay Area Compound Semiconductor Ecosystem Application Conference that after Gree Electric Appliances' silicon carbide chip factory begins mass production of silicon carbide chips for home appliances, it will also begin mass production of silicon carbide chips for photovoltaic energy storage and logistics vehicles this year. A few days earlier, Gree Electric Appliances Chairman Dong Mingzhu jokingly remarked to GAC Group Chairman Feng Xingya that in the future, half of the chips used in GAC's automobiles will be replaced by Gree products.

January 20th - ByteDance is actively expanding into China's cloud computing market. The parent company of TikTok hopes to leverage its AI technology to diversify its business beyond the consumer app that propelled its rise. Reportedly, ByteDance has rapidly expanded its enterprise cloud product, Volcano Engine, in recent months by increasing its sales team and offering lower prices than competitors.

TD COWEN: Raises target price for Micron Technology (MU.O) from $300 to $450.

Jefferies raised its price target for ExxonMobil (XOM.N) from $148 to $149.

Jefferies: Lowered its target price for Occidental Petroleum (OXY.N) from $44 to $42.

TD COWEN: Lowered its price target for Microsoft (MSFT.O) from $655 to $625.

January 20th, Futures News: Economies.com analysts' latest view: WTI crude oil futures prices continued to rise, signaling a sustained positive trend and indicating the ability to maintain upward momentum, benefiting from clear stabilization at the EMA50 moving average support. While the bullish trend continues to dominate in the short term, the Relative Strength Index (RSI) also shows positive converging signals, paving the way for further gains.

January 20th, Futures News: Economies.com analysts' latest view: Brent crude oil futures prices retreated slightly during the previous trading session, with the Relative Strength Index (RSI) showing some negative signals. However, prices are attempting to accumulate new bullish momentum, which could help them stabilize and rebound. Currently, the market is seeking higher lows as a new support level to fuel further price rebounds. Meanwhile, prices continue to trade above the 50-day EMA, forming dynamic support, further solidifying the stability and dominance of the main bullish trend in the short term.

US President Trump: (Regarding the Federal Reserve) I know who I want to be the chairman of the Federal Reserve.

On January 20th, Yutong Optics stated on its interactive platform that the company provides lenses to InStone 360's InStone drones, while its subsidiary Yutong Zhiling has not yet provided products to InStone 360.

The yield on Japan's 20-year government bonds rose 13.5 basis points to 3.390%.

On January 20th, the Ministry of Finance issued a notice regarding the implementation of a special guarantee program for private investment. The notice proposes further reductions in guarantee rates. The central government will support the Financing Guarantee Fund in reducing its reinsurance fees and provide subsidies for the reduction. The Financing Guarantee Fund will halve its reinsurance fees, promoting a cascading reduction to direct guarantee institutions, effectively lowering the actual guarantee costs borne by private enterprises. The guarantee rate for direct guarantee institutions shall not exceed 1%.

New York gold futures surged 2.00% on the day, currently trading at $4,687.40 per ounce.

The yield on Japan's 30-year government bonds rose 10 basis points to 3.710%.

On January 20th, the Ministry of Finance issued a notice regarding the implementation of a special guarantee program for private investment. The notice emphasizes increased risk compensation. The central government will provide risk compensation for any new compensation expenditures made by the guarantee fund under this program. The annual business scale of the guarantee fund will be determined by the Ministry of Finance based on the financing needs of enterprises, the operation of the guarantee fund, and risk control. The notice also encourages the exploration of new product offerings. Government-backed financing guarantee institutions and banks are encouraged to explore innovative models such as "supply chain + financing guarantee" and "scenario-based finance + digital RMB," focusing on expanding private investment, developing medium- and long-term credit guarantee products, and actively providing financing support for small and medium-sized enterprises (SMEs) in the upstream and downstream of key industrial supply chains.

On January 20th, the Ministry of Finance issued a notice regarding the implementation of a special guarantee plan for private investment. The notice proposes appropriately increasing the risk-sharing ratio. Within this plan, banks will bear no less than 20% of the loan risk responsibility. The government-backed financing guarantee system will bear no more than 80% of the loan risk responsibility responsibility. The financing guarantee fund will appropriately increase its risk-sharing ratio for medium- and long-term loans to private enterprises, reducing the risk-sharing responsibility and compensation pressure on direct guarantee institutions. A differentiated risk-sharing mechanism will be established, with the financing guarantee fund's risk-sharing ratio divided into three tiers: no more than 30% for loans with a term exceeding one year but not exceeding three years, no more than 35% for loans with a term exceeding three years but not exceeding five years, and no more than 40% for loans with a term exceeding five years.

Nomura Securities raised its target price for Hyundai Motor from 370,000 won to 570,000 won.

Oman Oil Marketing Company: Signed an agreement to sell 100% of its stake in Sudan Energy Company.