Fed's Hammack: We still have an inflation problem. We still have a rate of change problem that we need to address.

Important news 1. Central Bank: At the end of December, M2 grew by 7.3% year-on-year 2. Central Bank: The cumulative increase in social financing scale in 2024 is 32.26 trillion yuan, 3.32 trillion yuan less than the previous year. 3. The People's Bank of China will implement a moderately loose monetary policy in 2025. 4. Zou Lan, Director of the Monetary Policy Department of the Central Bank: Investing in treasury bonds is not without risk. The central bank suspended the purchase of treasury bonds to avoid market fluctuations. 5. In 2024, the scale of foreign-related receipts and payments of non-bank sectors reached a new high, and funds such as securities investment in China maintained a net inflow. 6. Xuan Changneng, Deputy Governor of the Central Bank: This year, the overall liability cost of banks will be further reduced to ease the pressure on banks' net interest margins. 7. Shanghai Stock Exchange: It will take about 5 years to cultivate a team of institutional investors who consciously practice rational investment, value investment, and long-term investment concepts. 8. Ministry of Commerce: 7 US companies involved in arms sales to Taiwan will be included in the unreliable entity list. 9. Ministry of Natural Resources: my country has become a "stabilizer" to stabilize the price of the international lithium ore market. Individual stock news 1. Cambrian: Net loss is expected to be 396 million yuan to 484 million yuan in 2024, a year-on-year reduction of 42.95% to 53.33%. 2. Yonghui Supermarket: Net loss is expected to be 1.4 billion yuan in 2024. 3. China Merchants Bank: Net profit of 148.391 billion yuan in 2024, a year-on-year increase of 1.22%. 4. Great Wall Motors: Net profit is expected to be 12.4 billion to 13 billion yuan in 2024, a year-on-year increase of 77% to 85%. 5. Songfa Shares: The company's stock may be subject to a delisting risk warning. 6. Cixing Shares: It plans to purchase the controlling stake of Wuhan Minsheng, and the stock will be suspended from the 15th. 7. Huayang Lianzhong: The company and its actual controller Su Tong were filed by the China Securities Regulatory Commission for suspected illegal and irregular information disclosure. 8. Enjie Co., Ltd.: Reached a long-term supply agreement with Beijing Weilan New Energy on all-solid-state battery electrolytes and other related products. 9. Seres: The company's issuance of shares to purchase assets will be discussed at the meeting on January 21.

Spot gold rose 1.00% during the day and is now trading at $2,723.71 an ounce.