Domestic News 1. The Ministry of Finance issued a notice on implementing loan interest subsidies for small and micro enterprises. 2. The Ministry of Finance issued a notice on optimizing the implementation of fiscal interest subsidies for personal

2026-01-20

Domestic News 1. The Ministry of Finance issued a notice on implementing loan interest subsidies for small and micro enterprises. 2. The Ministry of Finance issued a notice on optimizing the implementation of fiscal interest subsidies for personal consumer loans, including credit card installment payment services within the scope of support. 3. The Ministry of Foreign Affairs stated that China has received an invitation from the United States to join the Peace Commission. 4. The National Development and Reform Commission (NDRC) will study and formulate an implementation plan for the strategy of expanding domestic demand from 2026 to 2030. 5. The Ministry of Natural Resources and the Ministry of Housing and Urban-Rural Development issued a notice on several measures to further support urban renewal initiatives. 6. The Ministry of Finance issued a notice on implementing a special guarantee plan for private investment, establishing a 500 billion yuan special guarantee plan for private investment, to be implemented over two years. 7. The NDRC will study and formulate regulations for the construction of a unified national market to strengthen legal protection. It will also formulate and issue a list of items that hinder the construction of a unified national market and a list of encouraged and prohibited items for investment promotion. 8. Shanghai: Expanding the high-level institutional opening-up of the Shanghai Nonferrous Metals Futures Market, gradually including eligible nonferrous metal commodity futures and options products into the scope of products open to foreign investment. 9. National Development and Reform Commission: Starting from 24:00 on January 20, domestic gasoline and diesel prices will be increased by 85 yuan per ton. 10. Ministry of Finance and other departments: Continuing the preferential tax and fee policies for community and family service industries such as elderly care, childcare, and domestic services. Effective from January 1, 2026 to December 31, 2027. International News 1. Japanese Finance Minister Satsuki Katayama: Plans to invest over $330 billion in artificial intelligence and chip technology. 2. Market news: South Korea will postpone $20 billion in trade and investment with the US due to the impact of the won's depreciation. 3. Danish pension fund Akademiker Pension announced its withdrawal from the US Treasury bond market. 4. The Central Bank of Poland approved a plan to purchase 150 tons of gold, increasing its gold reserves to 700 tons. 5. The US Supreme Court did not rule on the legality challenge to Trump's global tariffs. 6. European Commission President Ursula von der Leyen: We have decided to permanently freeze Russian assets and retain the right to use them. 7. ADP Weekly Employment Report: In the four weeks ending December 27, 2026, private sector employers added an average of 8,000 jobs per week. 8. Spot gold and silver prices hit new intraday highs, with spot gold briefly breaking through $4,750/oz and spot silver reaching $95/oz. 9. Greenland Dispute: ① Danish Economy Minister: The possibility of using anti-coercion tools (ACI) against the US cannot be ruled out. ② European Commission President Ursula von der Leyen: The territorial sovereignty and integrity of Denmark and Greenland are not negotiable. ③ French President Emmanuel Macron: I do not intend to speak with Trump in Davos. ④ US Trade Representative: Trump's tariff threats regarding Greenland are an appropriate use of tariffs; the trade agreement with the EU has not resolved many of the US's grievances. ⑤ Danish Prime Minister: I will not give up Greenland; if the United States imposes tariffs, we will need to respond.