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Real-time News
On January 16th, Wang Yuling, Director of the Comprehensive Division of the Beijing Municipal Development and Reform Commission, stated that according to the plan, the city will release its annual land supply plan by the end of January, striving to supply a batch of high-quality land parcels in the first quarter. Before the Spring Festival, 40% of the municipal governments fixed asset project construction funds will be allocated, and the first batch of local government special bonds will be issued by the end of February. By the end of January, a list of urban renewal reserve projects and key projects will also be compiled, promoting the integrated implementation of innovative policies such as the overall planning of building indicators, mixed and composite utilization of functions, and optimization of land renewal and housing lease terms. Wang Yuling introduced that in the first quarter, city leaders will take the lead in visiting enterprises to provide targeted assistance in coordinating and resolving difficulties and problems faced by enterprises in production and operation, enhancing their confidence in developing in Beijing. At the same time, the city will also introduce several measures to promote steady economic progress in 2026, releasing tangible and accessible support measures for enterprises, and continuing and optimizing relevant preferential policies for enterprises.On January 16th, the Hang Seng Index opened slightly higher but quickly fell, fluctuating around the zero line before trending downwards in the morning session. The Hang Seng Tech Index showed a consolidation trend this morning, opening more than 1% higher before trending downwards. At midday close, the Hang Seng Index closed down 0.27% at 26851.69 points, and the Tech Index closed down 0.22% at 5815.63 points, with a total market turnover of HK$140.79 billion. On the sector front, the power grid equipment sector collectively strengthened, leading the gains, while the semiconductor sector performed well. The AI application sector continued its correction, and the new consumer sector saw the largest declines. In terms of individual stocks, Dongfang Electric (01072.HK) closed up 4.44%, GigaDevice (03986.HK) closed up 8.07%, Alibaba Health (00241.HK) closed down 5.44%, and Pop Mart (09992.HK) closed down 4.76%.On January 16th, Wang Yuling, Director of the Comprehensive Division of the Beijing Municipal Development and Reform Commission, stated that Beijings economic development benefits from numerous positive factors and favorable conditions, providing a solid foundation for a strong start to the year. It was explained that in the first quarter, Beijing will focus on six key initiatives: optimizing supply to boost consumption, promoting construction and investment, strengthening services to stimulate industry, improving mechanisms to increase growth, stabilizing expectations and boosting confidence, and addressing practical issues to improve peoples livelihoods. These initiatives aim to lay a solid foundation for achieving the annual targets and contribute more to the overall development of the nation. Regarding the "trade-in" program, a matter of great concern to citizens, this year Beijing will proactively align with the national new round of trade-in policies and measures, optimize implementation mechanisms, and continuously promote the growth of consumption of large-scale commodities such as automobiles and home appliances.KazTransOil, Kazakhstans state-owned oil transporter, reported that Kazakhstans oil exports via the BTC pipeline will decrease by 11% to 1.263 million tons in 2025.A 6.0-magnitude earthquake struck off the west coast of Oregon on the 15th, according to the U.S. Geological Survey Earthquake Information Network. The earthquake had a depth of 7.1 kilometers.
