Domestic News:
1. The China Securities Regulatory Commission (CSRC) held a symposium with listed companies on the "15th Five-Year Plan" for the capital market.
2. The CSRC plans to expand the types of strategic investors and clarify minimum shareholding requirements.
3. Cambricon expects net profit of RMB 1.85 billion to RMB 2.15 billion in 2025, turning a profit.
4. The Shanghai Futures Exchange (SHFE) adjusted the daily price limits and margin requirements for silver futures contracts.
5. The Shenzhen Stock Exchange (SZSE) took self-regulatory measures against abnormal investors related to funds such as "Guotou Silver LOF".
6. The State Council Tariff Commission announced a provisional import tariff rate of 5% on whiskey, effective February 2.
7. A spokesperson for the Ministry of Commerce answered reporters' questions regarding the panel ruling in China's WTO dispute case against the US Inflation Reduction Act.
8. The Hong Kong Securities and Futures Commission (SFC) is highly concerned about issues arising during the surge in new listing applications in 2025, and the review process for 16 IPOs has been suspended. 9. Harvest Crude Oil LOF and Gold LOF: Starting February 2, 2026, large-amount subscriptions and large-amount regular fixed-amount investment services will be suspended, with a daily cumulative investment limit of 5 yuan.
10. Industrial and Commercial Bank of China (ICBC): Starting February 7, on weekends and public holidays (non-Shanghai Gold Exchange trading days), a limit will be implemented on the accumulation of Ruyi Gold.
International News:
1. French Prime Minister uses constitutional tools to pass the 2026 budget.
2. Data from the Japanese Ministry of Finance confirms that Japan did not intervene in the yen in January.
3. The Thai Futures Exchange (TFEX) temporarily suspends online gold futures trading.
4. Zelensky: No formal ceasefire agreement has been reached between Russia and Ukraine on energy targets.
5. Iranian Foreign Minister: So far, we have no plans to meet with US officials.
6. Kremlin: Trump personally requested Putin to suspend the attack on Kyiv before February to create favorable conditions for negotiations.
7. Precious metals collectively plummeted, with spot gold and silver briefly falling below the $5,000 and $100 marks respectively, before slightly recovering and remaining above those levels.
8. Trump nominated Kevin Warsh to be the next Federal Reserve Chairman. The money market is betting that the Fed will cut interest rates more than twice this year, each time by 25 basis points.
9. Democratic Senator Warren: No Republican should agree to advance Warsh's nomination until Trump halts his investigation of the Fed.
10. Federal Reserve—① Bostic: The Fed doesn't need to cut rates now; we should be more patient on interest rates. ② Waller: The current interest rate range is 3.50%-3.75%, while the neutral rate is likely around 3%.
