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January 16th - On January 15th, the "Procurement Announcement for the Satellite Internet Digital Twin System Project of the Fifth Research Institute of the Ministry of Industry and Information Technology" was released, with the Fifth Research Institute of the Ministry of Industry and Information Technology as the procuring entity.On January 16th, Meituans LongCat official Weibo account announced that LongCat-Flash-Thinking-2601, an upgraded version of the LongCat-Flash-Thinking model, is now open source. The new model achieves state-of-the-art (SOTA) performance on core benchmarks such as agent search, agent tool invocation, and tool interaction inference. In complex, random tasks relying on tool invocation, its performance surpasses Claude-Opus-4.5-Thinking, significantly reducing the training cost of adapting new tools in real-world scenarios. The new model also supports a "rethinking" mode, allowing up to eight "brains" to execute tasks simultaneously. It can be experienced for free on the LongCat website.Hong Kong-listed semiconductor stocks surged in the afternoon, with GigaDevice (03986.HK) rising over 9%, Hua Hong Semiconductor (01347.HK) rising over 3%, and SMIC (00981.HK) and Innoscience (02577.HK) following suit.January 16 – On the morning of January 16, President Xi Jinping met with Canadian Prime Minister Mark Carney, who was on an official visit to China, at the Great Hall of the People in Beijing. Xi Jinping pointed out that the healthy and stable development of China-Canada relations is in the common interest of both countries and is also conducive to world peace, stability, development, and prosperity. Both sides should, with a responsible attitude towards history, the people, and the world, advance the building of a new type of strategic partnership between China and Canada, and push China-Canada relations onto a healthy, stable, and sustainable development track to better benefit the people of both countries. Carney said, “Thank you, President Xi Jinping, for your warm hospitality, for your warm welcome to me and the members of my delegation, and for the opportunities that the strategic partnership between our two countries brings to our people. I believe this will also benefit the world. Mr. President, we can build on the good cooperation of the past and work together to build a new type of strategic partnership that adapts to the global situation, which will bring stability, security, and prosperity to the people on both sides of the Pacific.”Market news: The UK Office for National Statistics is considering postponing its new employment survey by six months.

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Just starting out? Begin your trading education with our Foundational Trading Knowledge course. Learn about a variety of markets like foreign exchange, commodities and equities and how they operate. Discover the right trading style for you and get to grips with key trading processes and market psychology.

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