Entering China1. The People’s Bank of China and other five departments jointly issued the “Opinions on Promoting Institutional Opening-up in the Financial Sector in Conditional Pilot Free Trade Zones (Hong Kong) Pilot Docking with International High Standards”. It proposes that, on the premise of true compliance, all transfers related to foreign investors’ investments in the pilot areas that are genuinely compliant and related to foreign investors’ investments are allowed to be freely remitted in and out without delay.
2. The reporter learned from many parties that the 12 science and technology composite index ETFs reported on January 13 were approved yesterday. The index was officially released on January 20, and the first batch of 12 products are divided into two categories: first, 9 fund companies, including E Fund, ChinaAMC, Huatai Berry, Nanfang, China Universal Wealth, Bosera, China Merchants, Tianhong, and CCB, have reported the Science and Technology Innovation Composite Index ETF; Second, three fund companies, including Wells Fargo, Invesco Great Wall, and ICBC Credit Suisse Fund, reported the science and technology innovation comprehensive price ETF.
3. The head of Norway’s $1.8 trillion sovereign wealth fund said investors willing to buck the market in the coming months should consider selling U.S. technology stocks and private credit, while increasing their holdings of Chinese assets.
4. The National Health Commission and the State Administration of Traditional Chinese Medicine jointly issued the “Influenza Diagnosis and Treatment Plan (2025 Edition)”, adding two new anti-influenza virus drugs, mabaloxavir and favipiravir, and clearly not recommending the combined application of antiviral drugs with the same mechanism of action.
5. Liu Kun, Secretary of the Party Group of the Social Security Foundation, presided over the meeting of the Party Group. The meeting emphasized that the role of long-term capital and patient capital should be actively played to help the capital market run smoothly and promote high-quality economic and social development. It is necessary to focus on improving the professional level of investment and operation, improve the value preservation and appreciation system of the social security fund, continuously accelerate the accumulation of income, and make the social security fund bigger and stronger.
6. It was learned from a number of people familiar with the matter that the gross profit margin of the bean bag model was still positive after the price was cut sharply last year. Doubao-1.5-pro, which sells APIs on Volcano Engine, can still achieve a gross profit margin of 50%. In May last year, ByteDance officially released the bean bag model. Among them, the model inference input price of the Doubao general model Pro-32K version is only 0.8 yuan per million tokens, while the pricing of the model of the same specification in the market at that time is generally 120 yuan per million tokens, which is 150 times the price of the bean bag model.
7. The COMEX gold price was reported at $2,762 per ounce, a new high in nearly two months. According to media reports, the price of pure gold jewelry of major gold brands is also rising, with the gold price of Chow Tai Fook on the day being 833 yuan/gram, and the pure gold price of brands such as Lao Fengxiang, Liuliufu and Chow Shengsheng also exceeding 830 yuan/gram.8. The National Development and Reform Commission and the General Administration of Sports issued the “Guiding Opinions on Building High-quality Outdoor Sports Destinations”, focusing on the construction of a number of high-quality outdoor sports venues and facilities such as ice and snow, mountains, water, land, and aviation, and supporting the construction of automobile self-driving sports camps, aviation flight camps, mountaineering camps, and boat docks. Cultivate a number of leading outdoor sports enterprises, strengthen the formulation, application and promotion of outdoor sports products and service standards, and enhance the leading and exemplary role.
