The euro rose to its highest level against the dollar since December as Europe plans to sharply increase defense spending, and analysts withdrew expectations that the pair would fall to parity this year. Click to view...
On February 23rd, the "Opinions of the Central Committee of the Communist Party of China and the State Council on Further Deepening Rural Reform and Solidly Promoting the Comprehensive Revitalization of Rural Areas" proposed to strengthen the protection and quality improvement of cultivated land. Strictly control the total amount of cultivated land and "make up for it", and bring all kinds of cultivated land occupation into the unified management of the balance of occupation and compensation to ...
1. The central bank: improve real estate financial management, help the real estate market to stop falling and stabilize. 2. Land auctions continue to heat up, and many land parcels in Shanghai and Hangzhou are traded at a premium. 3. First-tier cities take the lead in heating up, and the property market "Xiaoyangchun" market is ready to go. 4. From January to December 2024, new construction will start to renovate 58,000 old urban communities across the country. 5. The heat of land auctions in c...
On January 27th, the general offices of the Ministry of Commerce and other six departments issued a notice on doing a good job in the "renewal" of home improvement kitchens and bathrooms in 2025. The notice proposes that all localities should focus on green, intelligent, and suitable for the elderly. The subsidy categories are mainly five categories of decoration materials, sanitary ware, furniture lighting, smart home, and home senior-friendly transformation products. The specific categories wi...
Musk said on social media that the Department of Government Effectiveness (DOGE) will significantly increase government efficiency, save taxes and end rampant inflation.
According to The Block, the Arbitrum DAO has initiated an Improvement Proposal (AIP) vote to upgrade the Arbitrum One and Nova chains to the Bounded Liquidity Delay (BoLD) protocol. The protocol has been running on the testnet since April 2024, and if the proposal is approved, it will be implemented on both mainnet chains in February 2025. The BoLD protocol is designed to enhance the security of Arbitrum withdrawals to the Ethereum mainnet, introducing a fixed time window (approximately 13 days ...
On January 10, Shu Wei, deputy director of the State Administration for Market Regulation, said at a press conference that in the next step, the State Administration for Market Regulation will focus on standardizing the market competition order in terms of promoting fairness and transparency of platform rules, reducing the cost burden of merchants on the platform, and purifying the ecology of the live broadcast e-commerce industry. Improve the normalized supervision system, and pay close attenti...
January 5th news, on January 4th, the Shenzhen Stock Exchange held a symposium of foreign institutions to listen to opinions and suggestions on the recent situation of the class A share market. The relevant person in charge of the Shenzhen Stock Exchange said that China's economic foundation is stable, has many advantages, strong resilience and great potential, and the long-term positive supporting conditions and basic trends have not changed. At present, the Shenzhen Stock Exchange is earnestly...
South Korea's financial authorities said on Friday that they would ease foreign exchange controls to improve liquidity conditions in the foreign exchange market.
South Korea's financial authorities said on Friday that they will ease foreign exchange controls to improve liquidity conditions in the foreign exchange market as the won fell to its lowest level in 15 years. "Stringent supervision has limited the efficiency of foreign exchange management, and it is necessary to take into account the deterioration of foreign exchange liquidity conditions after recent events," the finance ministry said in a joint statement with the central bank and regulators. Ac...
On December 12th, according to CCTV news broadcast, from December 11th to 12th, the Central Economic Work Conference was held in Beijing. The meeting said in the deployment of next year's fiscal policy, to implement a more active fiscal policy, increase the fiscal deficit rate, increase the issuance of ultra-long-term special government bonds, increase the issuance and use of local government special project bonds, optimize the structure of fiscal expenditure, and firmly grasp the bottom line of...
Fidelity raised the valuation of X Holdings stock by 32.37% in October, the company's largest monthly adjustment since backing the Elon Musk acquisition in 2022. However, the valuation is still down nearly 72% from Musk's original purchase price of $44 billion. xAI also has ties to X Holdings through equity. Fidelity participated in xAI's $6 billion Series B funding round. It increased the value of those shares by about 70% in October, likely affecting its approach to valuing X Holdings.
Musk said the government's Department of Efficiency would increase the efficiency of defense spending.
On November 12th, a video conference on the reform and supervision of local state-owned enterprises was held on the 12th. Zhang Guoqing, a member of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council, attended and delivered a speech. He pointed out that it is necessary to adhere to the problem orientation, strengthen the penetrating supervision covering all levels of secondary subsidiaries, and solve the outstanding problems restricting the high-quality devel...
Gold Ten Futures, November 5th, this week, under the influence of imported soybeans unloading, customs clearance and other events, the crushing of oil plants was delayed, traders raised prices, the basis was stronger, the downstream purchase and sales sentiment improved, and the number of days for stocking generally increased by 2-3 days. Oil plants' soybean meal went to storage. However, there is still no improvement in the market. First, the supply pressure still needs to be digested. The gap ...