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On January 5th, Goldman Sachs commodities research team stated in a research report that the risks to oil prices posed by the turmoil in Venezuela may be unclear and have limited impact, depending on the direction of US sanctions policy. On the one hand, Venezuelan crude oil production may increase slightly in the short term, including if a US-backed government comes to power and fully lifts sanctions. On the other hand, disruptions to Venezuelan crude oil deliveries may continue or even worsen in the short term, for example, if the Maduro cabinet regains control.Hong Kong-listed mainland property stocks fluctuated upwards, with Greentown China (03900.HK) rising over 6%, China Resources Land (01109.HK) and Sino-Ocean Group (03377.HK) rising over 5%, Seazen Holdings (01030.HK) and Longfor Group (00960.HK) rising over 4%, and R&F Properties (02777.HK) and Vanke (02202.HK) rising over 3%.Hong Kong-listed auto stocks continued to decline, with Great Wall Motor (02333.HK) falling nearly 7%, NIO (09866.HK) falling over 5%, Chery Automobile (09973.HK) and XPeng Motors (09868.HK) falling over 4%, and Geely Automobile (00175.HK) falling over 3%.Hong Kong-listed innovative drug stocks performed strongly, with Ascletis Pharma (01672.HK) rising over 9%, Innovent Biologics (01801.HK), BeiGene (06160.HK), and Everest Medicines (01952.HK) rising over 5%, and Zai Lab (09688.HK) and 3SBio (01530.HK) rising over 4%.The Hong Kong court dismissed the winding-up petition for Sunac China (01918.HK).

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