EUR/USD
1.17413
-0.053%
Gold
4349.59
0.239%
Oil
57.895
0.090%
USD/JPY
156.514
0.059%
GBP/USD
1.34621
-0.041%
GBP/JPY
210.706
0.024%
Real-time News
Hong Kong stocks saw the Hang Seng Index and Hang Seng Tech Index both fall by more than 1% before midday, with NetEase (09999.HK) and Trip.com (09961.HK) both falling by more than 3%.The main fuel oil futures contract fell by more than 2%, currently trading at 3,434 yuan/ton.On December 31st, the China Automobile Dealers Association (CADA) announced that compared to previous years, the 2026 policy will extend the registration deadline for all categories of eligible used vehicles by one year compared to the 2025 policy. This policy benefits a wider range of consumers, allowing more owners of older vehicles to enjoy the subsidies, thereby accelerating the replacement of older vehicles and effectively stimulating consumption potential. CADAs preliminary estimates suggest that over 12 million passenger vehicles will receive subsidies, boosting new car sales by nearly 1.5 million vehicles. The 2026 vehicle trade-in policy will benefit more consumers than in 2025.On December 31st, the China Automobile Dealers Association issued a statement indicating that the 2026 car trade-in policy will strengthen overall coordination and ensure efficient and direct allocation of subsidies. This will allow limited funds to benefit more consumers, especially those with essential housing needs. The scope of beneficiaries is expected to expand further, with a clearer focus on encouraging the scrapping of older vehicles and the purchase of energy-efficient and new energy vehicles. The policy will emphasize the role of market mechanisms in its implementation, making subsidies more closely aligned with actual needs. The application process will be clear and convenient, and the supervision and management mechanisms will be more comprehensive. Overall, this policy is expected to continue to stimulate consumption and add new impetus to the transformation, upgrading, and high-quality development of the automotive industry.On December 31st, rumors circulated on some social media platforms claiming that Alipay and WeChat Pay would be unavailable on December 30th and 31st. On the morning of the 31st, the WeChat team responded, stating that WeChat Pay services were operating normally and that the claim of a "WeChat Pay suspension" was a rumor. They urged the public not to believe or spread such rumors.
