Category: Flash News

On February 20th, according to a statement from the Iraqi Prime Minister’s Media Office on the evening of February 19th local time, Iraqi Prime Minister Sudani had a phone call with Lebanese Prime Minister Salam on the same day. Both sides discussed strengthening bilateral relations and the latest developments in the region. Sudani reiterated in the call that Iraq will continue to support the Lebanese people, especially in terms of fuel supply. And it was pointed out that this support is aimed at assisting Lebanon in addressing various challenges according to the Iranian Cabinet resolution. Salam stated during the call that the Lebanese government attaches great importance to the comprehensive development of relations with Iraq and will work together to promote regional security and stability.

On February 20th, Federal Reserve Vice Chairman Jefferson stated that monetary policy remains restrictive. The US economy is performing quite strongly; The US labor market is stable, and inflation has eased but remains high. The road back to the 2% inflation target may be bumpy; The Federal Reserve can wait when considering the next steps of monetary policy; The Federal Reserve’s interest rate cuts are lowering actual borrowing costs.

On February 20th, the central bank carried out large-scale reverse repurchase operations for two consecutive days, injecting liquidity into the market and easing the pressure of sustained high interest rates on funds. Industry insiders say that the current tight funding situation is mainly affected by temporary factors. With the central bank strengthening price regulation and the coordination of future fiscal and monetary policies, the market interest rate center is expected to gradually return to the policy interest rate level. However, factors such as tax periods and government bond payments may still maintain a “tight balance” of funding in the short term. (Shanghai Stock News)

On February 20th, in the first month of the new year, foreign investment increased its layout in the Chinese capital market, and the stock and bond markets in China experienced a resonance inflow of funds. The Global Capital Flow Report released by the Institute of International Finance (IIF) on February 18th shows that in January 2025, China’s stock and bond markets achieved net inflows of foreign capital for the first time since August of last year, attracting over 10 billion US dollars in foreign capital inflows that month. Under the combined effects of positive policy expectations, rapid development of the technology innovation industry, and prominent asset stability, international investors’ enthusiasm for Chinese assets continues to heat up. Deutsche Bank stated that global investors generally undervalue Chinese assets and need to adjust their investment portfolios in the future to avoid missing out on growth opportunities in the Chinese market. (Shanghai Stock News)

On February 20th, the issuance of new funds has significantly accelerated since the beginning of this year. As of February 19th, 124 funds have been declared established with an issuance scale of 90.62 billion yuan, an increase of over 3.5 billion yuan compared to the same period last year. It should be noted that according to third-party sources, the subscription amount of the first batch of 13 Sci Tech Innovation Composite Index ETFs has exceeded 11 billion yuan. This means that the scale of new fund issuances has exceeded 100 billion yuan since the beginning of this year. From the perspective of fundraising, the issuance of new funds has shown a trend of multiple blooms since the beginning of this year: firstly, the issuance of equity funds has significantly rebounded, with multiple funds raising over 1 billion yuan. The second is the large-scale expansion of bond ETFs. The first batch of 8 benchmark market making credit bond ETFs were established, with a total issuance scale of 21.71 billion yuan. Thirdly, the issuance of public REITs has set another record. The effective subscription quantity of Huitianfu Jiuzhou Tong Pharmaceutical REIT by public investors reached 35.866 billion shares, with a subscription multiple of 1192 times, setting a new historical high. Fourthly, FOFs that adopt a multi asset strategy are highly sought after by funds. (Shanghai Stock News)

On February 20th, a front page article in the Securities Times stated that the capital market’s preference for technology is rooted in the systematic improvement of China’s technological innovation capabilities. However, we should also note that there are objective laws governing industrial development, and investing in technology stocks is not a game of passing the buck, let alone falling into the trap of short-term speculation. Only by focusing on industrial logic, deeply cultivating the fundamentals of the company, guiding the flow of funds to hard technology enterprises that truly possess core competitiveness, and achieving a more positive interaction between the capital market and technological innovation, can we achieve a two-way rush between technological innovation and capital returns. To achieve a positive interaction between the capital market and technological innovation, investors need to distinguish truth from falsehood and anchor the industrial logic. Investors need to be wary of companies’ “riding on hot spots” and screen out targets with high technology conversion efficiency and verifiable market space through penetrating analysis of the upstream and downstream of the industrial chain. To achieve a positive interaction between the capital market and technological innovation, investors also need to root themselves in fundamentals and cultivate long-term value. Technology investment needs to be judged with an industrial perspective, focusing on whether the enterprise has sustainable capabilities for technological iteration, cost control, and market expansion.

On February 20th, US President Trump stated in a Fox News interview aired on Tuesday that it would be “unfair” to the United States if Tesla builds a factory in India to circumvent the country’s tariffs. Previously, Indian media reported that Tesla has planned to build a factory in India. During Indian Prime Minister Modi’s visit to the United States last week, Trump criticized India for imposing high tariffs on cars, but agreed to work towards reaching a trade agreement as soon as possible to resolve the deadlock between the two sides on tariff issues. Now, if he builds a factory in India, that’s no problem, but it’s unfair to us. It’s very unfair, “Trump said in an interview.

On February 20th, Imax’s fourth quarter revenue was 92.7 million US dollars, a year-on-year increase of 7.7%, with an estimated 101.4 million US dollars; Adjusted earnings per share of $0.27, compared to $0.17 in the same period last year, estimated at $0.27; Adjusted net profit of 14.5 million US dollars, a year-on-year increase of 56%, estimated at 16.4 million US dollars.

On February 20th, popular Chinese concept stocks fluctuated, with the Nasdaq China Golden Dragon Index closing down 0.38%. Wenyuan Zhixing fell nearly 16%, Upward Rongke fell over 5%, Pinduoduo fell over 3%, Baidu and Bilibili fell over 2%, Ideal Auto rose over 3%, and Xiaopeng Motors rose nearly 3%.

On February 20th, regarding whether to dispatch peacekeeping forces to provide security guarantees to Ukraine after reaching a peace agreement, German Defense Minister Pistorius stated on the 19th local time that it is too early and extremely inappropriate to openly discuss this issue at present. He emphasized that Germany will only discuss specific action plans on the premise of clear participation in the peace process.