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Real-time News
On January 8th, it was learned from domestic GPU company Tianshu Zhixin that the company will release its roadmap for its next three generations of products on January 26th. The roadmap covers core areas such as innovative GPGPU architecture design, high-quality computing infrastructure construction, and cloud-based AI training and inference products for the internet sector. Industry experts predict that from 2026 to 2028, the products covered by this roadmap will directly compete with NVIDIAs H200 and B200.The Hang Seng Tech Index fell more than 2%; the Hang Seng Index fell 1.8%, breaking below the 26,000-point mark.January 8th - The National Water Resources Work Conference was held in Beijing from January 5th to 6th. At the conference, Li Rui, Secretary of the Party Committee and Director of the Zhejiang Provincial Department of Water Resources, delivered a keynote speech on the theme of "Highlighting Key Points and Grasping the Crucial Elements to Accelerate the Construction of a Modern Zhejiang Water Network." In accordance with the requirements for modern water network construction, Zhejiang Province, taking the construction of the first batch of provincial-level water network pilot zones as an opportunity, has formulated a "three vertical, eight horizontal, and ten pivotal" Zhejiang water network pattern. 344 projects have been included in the pilot zone implementation plan, with a total investment of 792.3 billion yuan. During the "14th Five-Year Plan" period, 310.8 billion yuan is planned to be completed. Currently, the commencement rate is 96.5%, and the investment completion rate is 98.2%. Furthermore, the Provincial Party Committee and Provincial Government have incorporated water network construction into the important content of economic and social development planning, and regard the improvement of water network safety as an important area for expanding effective investment. A water resources allocation project coordination group has been established, led by the provincial leaders and headed by the Deputy Secretary of the Provincial Party Committee and Vice Governor, to promote the water network construction project.On January 8th, Nomura released a research report stating that J&T Express (01519.HK) saw a 14.5% year-on-year increase in total parcel volume in the fourth quarter of last year, compared to a 23% increase in the third quarter. For the full year, overall parcel volume rose 22% year-on-year, with a projected 31% increase for fiscal year 2024. The report noted that J&T Expresss profitability in the Southeast Asian market increased significantly, with parcel volume in the region growing 74% year-on-year in the fourth quarter and 68% for the full year, far exceeding the companys full-year growth forecast of approximately 56%. Therefore, Nomura raised its adjusted net profit forecast for fiscal year 2025 by 8%. The report maintained its "Buy" rating on the company and raised its target price from HK$12.5 to HK$14.On January 8th, the Bank of Japan (BOJ) stated on Thursday that the economies of various regions in Japan are gradually recovering, and many companies believe it is necessary to continue raising wages, demonstrating the central banks optimistic assessment of the economic outlook. This assessment may provide a basis for further interest rate hikes. At a meeting with heads of its regional branches, the BOJ maintained its economic assessment of the nine regions nationwide compared to three months ago, stating that the economies in each region are improving or gradually recovering. The BOJ also stated that, influenced by high corporate profits and a tightening labor market, many companies believe it is necessary to continue raising wages in fiscal year 2026 at a pace roughly the same as in 2025. However, some regions pointed out that small and medium-sized enterprises (SMEs) are concerned that they may find it difficult to raise wages as significantly in fiscal year 2026 as they did in 2025. The survey also showed that companies in many regions are still passing on the pressure of rising raw material, labor, and logistics costs through price increases, with some companies indicating they are considering incorporating the higher costs resulting from the recent depreciation of the yen into their prices.
