On March 4, Lou Qinjian, spokesperson for the Third Session of the 14th National People's Congress, said that in December last year, the draft law on the promotion of private economy was submitted by the State Council to the Standing Committee of the National People's Congress for the first consideration; last month, it was reviewed again. For the first time, the draft will adhere to "two unswervingly" and promote "two health" into law. It elevates the major guidelines and policies and measures ...
1. Li Qiang: It is necessary to vigorously promote technology consumption and release the consumption potential of artificial intelligence end point products. 2. It is reported that OpenAI GPT-4.5 is expected to be released next week at the soonest, and GPT-5 or late May. 3. Musk's xAI announced that Grok 3 is free and open until the server is overwhelmed. 4. US research institutions released Evo 2, the largest AI model in the field of biology. 5. Ali is about to launch a deep reasoning model ba...
Federal Reserve Chairperson Jerome Powell said the central bank has not done any work aimed at promoting the development of retail central bank digital currencies (CBDCs).
Foreign 1. Great Motors, Small Motors, UBS: Driven by DeepSeek, China's stock market will continue to rise. 2. Wells Fargo looks forward to the US CPI: The rebound in food inflation may continue. 3. Capital Economics: The uncertainty of US trade will keep the Federal Reserve on guard. Domestic 1. Shenwan Hongyuan Group: There is a possibility of the central bank cutting RRR and interest rates. Banks have high enthusiasm for lending. The key lies in whether there are good projects. 2. Huatai Secu...
Driven by trade war fears and increased central bank holdings, Citi and UBS raised their gold price forecasts, expecting the gold bull market to continue. Citi raised its short-term price target to $3,000 an ounce and raised its annual average price forecast from $2,800 to $2,900; UBS also raised its 12-month price target to $3,000. Gold has now risen to $2,860, an increase of about 9% this year. At the same time, benefiting from the rise in gold prices, gold-backed tokens such as PAXG and XAUT ...
Hong Kong has set up a "regulatory incubator" to promote the proper adoption of blockchain technology by banks as the region continues its efforts to become a cryptocurrency hub. On Wednesday, the HKMA (de facto central bank) announced that the incubator is designed to help banks manage the risks associated with experimenting with blockchain or DLT implementations. The HKMA said the incubator will focus on tokenized deposits as the scheme aims to address latent risks as banks shift to production...
The Guangzhou Municipal Party Committee Financial Office recently issued the "Action Plan for Further Promoting the Work of Digital RMB in Guangzhou" (referred to as the "Digital Currency 2.0 Plan"). The "Action Plan" clarifies the main tasks of the pilot work from seven aspects. 1...
Musk's announcement that he is about to make changes to the X algorithm to prioritize the promotion of content that is considered informative or educational has met with widespread opposition. Musk said the planned changes were in response to "too much negative news" on X. "Our goal is to maximize usage time that users don't regret," he wrote in a January 3 post from social media. "Too much negative news is pushed, which technically increases usage time, but not usage time that users don't regre...
The National Development and Reform Commission and other departments have issued guidelines on promoting the high-quality development of the data industry, vigorously promoting the coordinated development of cloud-side computing technology, supporting the innovation of cloud-native technology models, and forming computing service capabilities that adapt to data scale aggregation, real-time analysis, and intelligent applications. Strengthen the research and development of new storage technologies...
The government of El Salvador has made it clear that it will continue to promote bitcoin as part of its economic strategy, even though the country has signed an agreement with international monetary funds to phase out its bitcoin operations. Stacey Herbert, director of El Salvador's bitcoin office, clarified that the country will continue to buy bitcoins at an "accelerated" rate even after an agreement is reached, as part of its strategic bitcoin reserve strategy. Herbert also explained on socia...
Amazon shareholders have urged the company to add bitcoin to its $88 billion vault as a hedge against inflation.
Many parties have confirmed that Lebanon and Israel have reached a ceasefire. Biden said that he will promote a ceasefire in Gaza in the next few days. It is reported that OPEC has been discussing delaying production increases. The Federal Reserve meeting notes show that officials are inclined to gradually cut interest rates... What major events happened in the world last night and this morning?
On November 21st, a ministerial-level meeting between China and the members of the Digital Economy Partnership Agreement (DEPA) was held during the APEC ministerial meeting. Today, at the regular press conference of the Ministry of Commerce, the spokesperson of the Ministry of Commerce, He Yongqian, said that all parties have in-depth conferred on the progress made in the negotiations and the next work plan. Under the framework of China's accession to the DEPA working group, China and DEPA membe...
The National Development and Reform Commission and other three departments have issued opinions on promoting the high-quality development of the forage industry.
The Conflux Foundation announced that it will launch an incentive program to drive the PayFi ecosystem on Conflux. The Conflux Foundation will inject $500 million from the Ecosystem Fund to support the growth of PayFi technology stack components.