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On December 31, under the overall guidance of the China Securities Regulatory Commission (CSRC), the Shanghai Stock Exchange revised its "Stock Listing Rules" and "Standardized Operation Guidelines" for the Main Board and the Science and Technology Innovation Board, and solicited public opinions. The main revisions include: establishing a full-process regulatory system for the appointment, performance, and dismissal of company secretaries; further improving the protection of company secretaries performance of their duties; guiding company secretaries to better perform their duties; fully leveraging the role of company secretaries in information disclosure, corporate governance, and internal and external communication and coordination; and promoting the improvement of the quality of listed companies. The revisions also refine relevant regulations for directors and senior executives, improve the regulatory system for directors and senior executives, and comprehensively regulate their appointment, performance, and departure, urging directors and senior executives to faithfully and diligently perform their duties; improve the incentive and restraint mechanism for directors and senior executives, requiring listed companies to formulate remuneration management systems that stipulate that the remuneration of directors and senior executives is commensurate with the companys operating performance and individual performance, promoting a better alignment of interests between directors, senior executives, and the company; and further regulate the behavior of controlling shareholders and actual controllers, strictly limiting competition from related parties that may have a significant adverse impact on listed companies.On December 31, Jiaze New Energy announced that it plans to repurchase company shares for RMB 220 million to RMB 440 million, with a repurchase price not exceeding RMB 6.63 per share.Xi Jinping: In the past year, the rights and interests of newly employed groups have been further protected, age-friendly renovations have brought convenience to the elderly, and families with children have received an additional 300 yuan subsidy per month.Xi Jinping: We rely on innovation to empower high-quality development. Science and technology are deeply integrated with industry, innovative achievements are emerging in rapid succession, large-scale artificial intelligence models are catching up and catching up, and new breakthroughs have been made in independent chip research and development. my country has become one of the fastest-growing economies in terms of innovation.Xi Jinping: This year, what is unforgettable is that we solemnly commemorated the 80th anniversary of the victory of the Chinese Peoples War of Resistance Against Japanese Aggression and the World Anti-Fascist War, and established the Taiwan Retrocession Memorial Day. The grand national ceremony was majestic and awe-inspiring; the glory of victory will forever be recorded in history, inspiring the Chinese people to remember history, cherish the memory of our martyrs, treasure peace, and create a better future, thus凝聚起 the immense power for the great rejuvenation of the Chinese nation.

BTC Bulls Target $21,000 While ETH Breaks $1,500 Resistance

Oct 27, 2022 15:21

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During a breakout session on Tuesday, bitcoin (BTC) and ethereum (ETH) returned to $20,000 and $1,500, respectively. The breakout session was driven by a shift in market attitude towards the Fed, with economic indicators revealing fractures in the US economy. The technical indications have turned bullish, and the momentum supports a strong opening on Wednesday.

 

On Tuesday, bitcoin (BTC) gained 3.95 percent. BTC reversed a 1.25 percent decline from Monday to close the day at $20,104. Notably, BTC closed the day at $20,000 for the first time since October 5 while avoiding sub-$19,000 territory for the fourth session.

 

BTC fell to a morning low of $19,251 due to a negative morning. BTC rose to a late-afternoon high of $20,432 while avoiding the First Major Support Level (S1) at $19,138. BTC was able to surpass the Major Resistance Levels. BTC fell through the Third Major Resistance Level (R3) at $20,258 due to a late pullback.

 

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On Tuesday, Ethereum (ETH) rose 8.63%. ETH reversed Monday's loss of 1.47% to conclude the day at $1,460. Notably, ETH reached $1,500 for the first time since September's middle.

 

Due to a rocky start to the day, ETH fell to a low of $1,335 early on. ETH surged to a late-afternoon high of $1,525 after avoiding the First Major Support Level (S1) around $1,325. ETH surpassed the Major Resistance Levels for the day. The Third Major Resistance Level (R3) at $1,440 provided support late in the day.

 

On Tuesday, US economic figures bolstered wagers that the Fed will take a less aggressive stance in December. Mary Daly, a member of the Federal Open Market Committee, and a Wall Street Journal article published last Friday both referred to the Fed taking its foot off the throttle.

 

This week, economic statistics demonstrated the Fed's impact on the economy. The preliminary private sector PMIs for October revealed a more pronounced contraction in the services sector, along with a decline in consumer confidence.

 

The housing market was adversely affected by the impact of rising interest rates on mortgage rates, as home price growth slowed significantly.

 

There are currently no significant statistics for markets to consider. FOMC members are, however, unable to alter the narrative until November 3, due to the blackout period, which supports the bullish morning session.

 

As of this morning, the FedWatch Tool placed the likelihood of rate hikes in November and December at 95.1% and 47.2%, respectively. Prior to one week, the probability of a 75-basis-point increase in December stood at 77.0%.

 

Elon Musk's ambitions to acquire Twitter (TWTR) and news of CFTC Chairman Rostin Behnam classifying BTC and ETH as commodities are also contributing to the increase.