On January 24th, the Bank of Japan raised interest rates to 0.5% on Friday, in line with market consensus expectations, reflecting the bank's growing optimism that wages will continue to rise and inflation will continue to stay near its 2% target. The BoJ's rate hike is the third in less than a year and takes the policy rate to its highest level since 2008. The committee voted 8:1 to raise interest rates. Commissioner Toshiaki Nakamura opposed the decision to raise interest rates. Reports earlie...
January 21st, January 20th to 21st, the National Foreign Investment Cooperation and Foreign Aid Implementation Work Conference was held in Beijing. Vice Minister of Commerce and Deputy Representative for International Trade Negotiations Ling Ri attended the meeting and made a work report. The meeting emphasized that in 2025, promote international cooperation in the industrial chain supply chain, improve the overseas comprehensive service system, improve the foreign investment management system, ...
On January 20th, local time on January 19th, Han Zheng, Special Representative of President Xi Jinping and Vice President of China, met with representatives of the US-China Business Council, the American Chamber of Commerce and other business people in Washington. Han Zheng said that President Xi Jinping had an important phone call with President-elect Trump recently and reached important consensus on the development of China-US relations. China and the United States share extensive common inter...
Bitcoin Magazine, the organizer of the Trump Bitcoin Conference, said on social media that TRUMP is a shitcoin. Bitcoin Magazine was a well-known pro-Trump media during the election. During its official event, Bitcoin 2024, Trump was invited to the stage and gave a speech. During the speech, Trump announced plans to launch a bitcoin strategic reserve, ensure that the United States will become the world's crypto center and bitcoin superpower, and fire the SEC chairperson, initiating the Trump adm...
Cleveland Fed President Mark Hammarck dissented at the third Fed meeting, where she only participated in decision-making. She opposed the idea that interest rates had to be cut due to market expectations at the time, and said her objection was supported by Powell and other colleagues. Click to view > >
The Central Political and Legal Work Conference was held in Beijing from the 12th to the 13th. The meeting made arrangements for promoting comprehensive rule of law and striving to build a higher level of rule of law China. The meeting called for the Ministry of Justice to take the initiative to study and propose legislative proposals for key areas, emerging areas, and foreign-related fields. For example, new issues such as unmanned driving, low-altitude economy, artificial intelligence, virtual...
Speaking at the Benchmark investor conference in Orlando, Michael Saylor, co-founder and executive chairperson of MicroStrategy, said the company's possible issuance of perpetual preference shares would be "the latest means to provide investors with leveraged exposure to Bitcoin", noting that the company aims to provide investors with "returns and volatility equivalent to 1.5 times Bitcoin". MicroStrategy recently entered the...
On January 14, the State Council Information Office will hold a press conference at 10 am on Friday, January 17, 2025, inviting Kang Yi, Director of the National Bureau of Statistics, to introduce the operation of the national economy in 2024 and answer reporters' questions.
On January 12th, the National Business Work Conference was held in Beijing from January 11th to 12th. The meeting pointed out that 2025 is the year when the "14th Five-Year Plan" comes to an end, and it is of great significance to do a good job in business work. Adhere to the general tone of seeking progress while maintaining stability, further deepen reform in an all-round way, expand high-level opening up to the outside world, based on the "three important" positioning of business work, vigoro...
According to the Beijing Business Daily, the Ministry of Public Security reported at a press conference held on January 10 that by the end of 2024, more than 53,000 Chinese alleged offenders involved in telecommunications fraud in northern Myanmar had been arrested and successfully destroyed the "four major families" criminal groups in northern Myanmar. The Ministry of Public Security pointed out that although the crackdown has been effective, the crime situation is still severe. Fraud groups ar...
On January 10, the State Council Information Office will hold a series of press conferences on "China's high-quality economic development achievements" at 3 pm on January 14, 2025 (Tuesday). Xuan Changneng, Vice Governor of the People's Bank of China, and Li Bin, Deputy Director of the State Administration of Foreign Exchange, will introduce financial support for high-quality economic development and answer reporters' questions.
Federal Reserve meeting notes: Staff believe US President-elect Trump's trade policies will lead to high inflation in 2025.
At a press conference held at Mar-a-Lago, US President-elect Trump made a number of shocking statements in just one hour and escalated his criticism of Canada.
On January 5th, the Shanghai Stock Exchange recently held a symposium for foreign institutions to have in-depth exchanges with representatives of 8 foreign institutions and fully listen to opinions and suggestions. The person in charge of the Shanghai Stock Exchange pointed out that the Shanghai Stock Exchange will unswervingly deepen the opening up of the capital markets to the outside world, and welcome suggestions and suggestions from foreign institutions to jointly promote the further compre...
On January 5th, on January 4th, the Shenzhen Stock Exchange held a symposium for 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, 8 foreign securities fund institutions, QFII institutions and asset management institutions participated in the symposium. The relevant person in charge of the Shenzhen Stock Exchange said that foreign institutions are important participants in ...