EUR/USD
1.19069
0.104%
Gold
5054.63
0.584%
Oil
64.370
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153.691
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1.36555
0.102%
GBP/JPY
209.877
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Real-time News
February 11th - At a regular press conference held by the Taiwan Affairs Office of the State Council on February 11th, a reporter asked: "Recently, the Taiwan Coast Guard announced that it will carry out so-called security maintenance work during the Spring Festival. What is your comment on this?" Spokesperson Zhu Fenglian stated that the Spring Festival is the most important traditional festival for the Chinese nation. If the DPP authorities dare to provoke trouble unnecessarily during this peaceful festival, they must bear all the consequences.February 11th, Futures News: According to the official WeChat account of Tsingshan Industrial Group, 1. Cooperation Overview: Tsingshan Industrial Group and the government of Madagascar signed a memorandum of understanding on a mining and green industry park project. Both parties will jointly explore the investment and construction of a large-scale comprehensive park integrating mineral development, processing and transformation, green industries, and supporting infrastructure, based on Madagascars advantageous mineral resources. 2. Construction Plan: The project plans to include the construction of key infrastructure such as its own port, highways, and airport, aiming to promote the extension of the mineral resource industrial chain and the enhancement of added value locally, thereby promoting industrialization and regional economic development. 3. Official Support: Madagascars President Michael Landrianilina stated that the project aligns with the national industrialization development strategy. Madagascar has established a high-level ministerial joint mechanism to conduct in-depth discussions and feasibility studies with Tsingshan on mineral resource policies, legal frameworks, land supply, and environmental assessments.February 11th - At a regular press conference held by the State Council Taiwan Affairs Office on February 11th, spokesperson Zhu Fenglian stated that the average load factor for cross-strait routes is expected to reach 80% by 2025, fully reflecting the strong demand for direct cross-strait flights. She expressed hope that Taiwan would heed public opinion and promptly remove unreasonable restrictions on cross-strait air transport, allowing airlines on both sides to independently arrange flight schedules based on market demand. Whether there is actual demand for flights should be determined by the market; the DPP authorities are welcome to lift restrictions and see for themselves.February 11th - The yen strengthened against most G10 and Asian currencies in early trading, primarily driven by concerns about potential intervention in the foreign exchange market by Japanese authorities. Philip Wee, a foreign exchange strategist at DBS Bank, noted that Japanese Finance Minister Satsuki Katayama and top foreign exchange official Jun Mimura have reiterated their close monitoring of any excessive yen depreciation. He stated, "Their statements have kept market concerns about foreign exchange intervention alive." Wee added that the USD/JPY pair fell for the second consecutive trading day overnight, driven by profit-taking, after already declining 0.9% on Monday.February 11 – The State Council Taiwan Affairs Office held a regular press conference on February 11. A reporter asked about a Taiwanese media report that the US State Department recently responded to a reporters question by saying that the US welcomes Taiwans proposed NT$1.25 trillion "Special Defense Act." In response, spokesperson Zhu Fenglian emphasized that Taiwan is Chinas Taiwan. Resolving the Taiwan issue is a matter for the Chinese people themselves and brooks no external interference. The US should adhere to the one-China principle and the provisions of the three Sino-US joint communiqués, exercise caution in its words and actions on the Taiwan issue, stop sending wrong signals to "Taiwan independence" separatist forces, and stop interfering in internal affairs.
