Category: Flash News

On January 21st, the US Customs and Border Protection announced that the Trump administration has discontinued the use of an application called CBP One. This application allows immigrants to legally enter the United States by providing an orderly application process. The US Department of Homeland Security stated that existing appointments on the application have been cancelled.

On January 21st, the Shanghai Science and Technology Innovation Board Composite Index and its price index were officially released on the 20th. It is worth noting that while the index is being updated, product innovation is also following suit. Twelve fund companies, including E Fund Management Co., Ltd., Huaxia Fund Management Co., Ltd., and Huatai Bairui Fund Management Co., Ltd., have recently collectively reported their Sci Tech Innovation Index ETF products, continuing to guide funds to support the development of “hard technology”.

On January 21st, at the inauguration ceremony of US President Trump, he announced measures to regain control of the Panama Canal, which immediately sparked strong opposition from the Panamanian government. The Panamanian government quickly expressed its stance on this matter, with Foreign Minister Martinez Acha stating, “The sovereignty of the Panama Canal is unshakable. The canal was officially handed over to Panama in 1999, and there is a broad consensus in the international community on this.” At the same time, the Pakistani side warned that this move may cause regional instability and undermine diplomatic relations between the United States and Panama. Panamanian President Mulino emphasized that the management and operation of the canal have been successfully controlled by the Panamanian government, and any attempt to intervene will be strongly opposed. Meanwhile, Panamanian citizens generally consider the ownership of the canal as an important symbol of national independence and dignity.

On January 21st, the Russian Ministry of Finance released preliminary data on the implementation of the 2024 Russian Federation budget. The data shows that the total budget revenue of the Russian Federation in 2024 is 36.707 trillion rubles. Among them, non oil and gas revenue was 25.576 trillion rubles, and oil and gas revenue was 11.131 trillion rubles. The total expenditure of the Russian Federation budget for 2024 is 40.192 trillion rubles.

On January 21st, the National Medical Products Administration solicited public opinions on the “Guiding Principles for Classification and Definition of Medical Devices for Myopia Control and Amblyopia Treatment (Draft for Comments)”. It is mentioned that the management category of medical devices for myopia control and amblyopia treatment should be comprehensively determined based on their light source characteristics, structural features, expected use, and form of use. If the product uses laser as a light source to irradiate the eyes for myopia control or amblyopia treatment, it shall be classified and coded as 16-05 according to the management of Class III medical devices. If the product uses red light generated by LED as a light source to illuminate the eyes for myopia control, it is classified and coded as 16-03 according to the management of Class II medical devices. If the product uses the light generated by LED as the light source to irradiate the eyes, or uses the monochromatic light formed by halogen lamps or tungsten filament lamps through filters as the light source to irradiate the eyes for amblyopia treatment, it shall be classified and coded as 16-03 according to the management of Class II medical devices.

On January 21st, informed sources reported that US President elect Donald Trump has chosen Caroline Pham, a member of the Commodity Futures Trading Commission (CFTC), as the acting chairman of this swap and derivatives regulatory agency. According to informed sources who declined to be named as the appointment has not been made public, five members of the CFTC voted on Monday to confirm Pham as acting chairman. The committee usually approves the candidate for the acting chairman chosen by the next government.

On January 20th, a shooting incident occurred in Macul, Santiago Metropolitan Region, Chile, on the morning of the 20th local time, resulting in 2 deaths. It is reported that the shooting incident occurred in the town of San Giulia in Macquarie, where at least 5 unidentified suspects fired over 100 shots on a public road, resulting in at least 3 serious injuries. After rescue efforts, only one person survived, and the identity of the victim is currently unclear. This is the second shooting incident in the region in the past 10 days. The police have currently arrested two suspects and seized multiple firearms.

On January 20th, ST Sansheng released a supplementary announcement for its 2024 annual performance forecast, expecting a net profit attributable to shareholders of the listed company of -660 million to -460 million yuan in 2024, a net profit after deducting non recurring gains and losses of -770 million to -570 million yuan, and operating income of 1.15 billion to 1.35 billion yuan. Expected net assets at the end of the period to be negative, with owner’s equity attributable to shareholders of the listed company ranging from -390 million yuan to -260 million yuan. According to regulations, if the audited net assets attributable to the parent company for the year 2024 are negative, the company will disclose a delisting risk warning notice for its stock trading at the same time as disclosing its 2024 annual report. The company’s stock will be suspended from trading for one trading day after the announcement, and from the date of resumption of trading, the Shenzhen Stock Exchange will issue a delisting risk warning for the company’s stock trading.

On January 20th, Ruihu Mold stated in an institutional survey that the company’s “New Energy Vehicle Lightweight Body Parts Project” (Phase II of Punch Welding Parts) is expected to be partially completed and put into operation by mid-2025, which will further enhance the production capacity of the punch welding business; The integrated die-casting production capacity is actively preparing for technological transformation and expansion, and if necessary, will immediately initiate technological transformation and expansion.

On January 20th, as we enter mid to late January, several provinces across the country are intensively entering the “local two sessions” period. As of January 19th, 20 provinces (autonomous regions, municipalities directly under the central government) including Shanghai, Beijing, and Jiangsu have held local two sessions and announced their expected economic growth targets for 2025. Through sorting, it is found that the expected targets in most places are around 5% or 5.5%, while Hainan, Inner Mongolia, Hubei, and Chongqing have set their expected targets at 6% or above or around 6% respectively, indicating confidence in future economic development.