South Korea's KOSPI index turned positive, erasing a 1.6% drop in the morning session.

US President Trump criticized corporate home purchases.

Domestic News: 1. He Lifeng attended the World Economic Forum Annual Meeting and visited Switzerland. 2. January LPR quotes released: 5-year and 1-year rates remain unchanged. 3. Ministry of Foreign Affairs: China received an invitation from the US to join the Peace Commission. 4. Shanghai releases "Action Plan to Strengthen Futures-Spot Linkage and Enhance the Capacity of Non-ferrous Metal Commodities". 5. National Development and Reform Commission: Will study and formulate an implementation plan for the strategy of expanding domestic demand from 2026 to 2030. 6. 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. 7. Ministry of Natural Resources and Ministry of Housing and Urban-Rural Development issue a notice on several measures to further support urban renewal. 8. Five departments including the Ministry of Finance: Implement loan interest subsidy policy for small and micro enterprises. 9. Four departments including the Ministry of Finance: Establish a special guarantee plan of 500 billion yuan for private investment, to be implemented in two years. 10. The Ministry of Finance and two other departments announced that the policy of subsidizing interest on personal consumer loans will be extended to the end of 2026. International News: 1. Excerpt from Trump's press conference one year after returning to the White House: listing 365 achievements, comparing himself to Warren Buffett through his wife, considering "reclaiming" the Panama Canal, not attending the G7 meeting in Paris, considering allowing Machado to participate in Venezuelan affairs "in some way," the US will not have a trade deficit next year, and the UN should continue to exist, but a "Peace Commission" may replace it. 2. The European Parliament freezes the ratification process of the US-EU trade agreement. 3. The Congolese (DRC) government forces recaptured the strategic eastern city of Uvila. 4. Special envoys of the Russian and US presidents met in Davos for about two hours to discuss peace plans. 5. The Polish central bank approved a plan to purchase 150 tons of gold, increasing its gold reserves to 700 tons. 6. The US Supreme Court did not rule on the challenge to the legality of Trump's global tariffs; the next ruling window is in one month. 7. Overnight Market Update – US stocks closed down over 2%, gold and silver hit new highs of $4677 and $95.86 respectively, and the 10-year US Treasury yield rose 7 basis points. 8. French Prime Minister Le Corny used his constitutional powers to forcefully submit the revenue portion of the 2026 budget to the House of Representatives without a vote. 9. ADP Weekly Employment Report: In the four weeks ending December 27, 2026, private sector employers added an average of 8,000 jobs per week. 10. Greenland Issue – ① Canadian military simulates a US “military invasion” scenario. ② Trump photoshopped an image to include Greenland, Canada, and Venezuela within the US territory. ③ Trump threatened to impose a 200% tariff on French wine and champagne. ④ The US plans to cut approximately 200 jobs in NATO-related institutions. ⑤ Danish pension fund Akademiker Pension announced it will liquidate its holdings of US Treasury bonds.