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On January 12th, Jefferies released a research report stating that it expects Lao Pu Gold (06181.HK) to achieve a net profit of RMB 2.3 billion in the second half of 2025, a year-on-year increase of 155%, with sales reaching RMB 15.3 billion, a year-on-year increase of 207%. Jefferies lowered its net profit forecasts for Lao Pu Gold for 2025, 2026, and 2027 by 14%, 6%, and 12% respectively, to reflect lower gross margins due to high gold prices and a return to normal growth in 2027. The bank lowered its target price for Lao Pu Gold from HKD 1,103 to HKD 981, corresponding to projected P/E ratios of 22x and 17x for 2026 and 2027 respectively. Despite profit margin pressures, Jefferies expects Lao Pu Gold to recover this year and reiterated its buy rating. Jefferies predicts that Lao Pu Gold will achieve a net profit of RMB 2.3 billion in the second half of 2025, with projected sales of RMB 13 billion in the mainland China market, a year-on-year increase of 188%; average sales per store are expected to increase by 130% year-on-year. Regarding overseas markets, overseas sales are projected to reach RMB 2.2 billion, representing a year-on-year increase of 295%. The gross profit margin is expected to be 36.4% during the period, compared to 38.1% in the first half of the year.On January 12th, according to Tianyancha Intellectual Property Information, a patent application filed by China FAW Group Corporation for "Vehicle Control Method, System, and Vehicle Based on Bio-Physical Coupling" was recently published. The abstract shows that this application relates to the field of vehicle control technology. The method includes: collecting multiple modalities of biosignals from the driver, which are acquired by a brain-computer interface device in the vehicle; recognizing the drivers current intention based on the multiple modalities of biosignals, and using a preset digital twin model to perceive the environmental state and predict the drivers target driving behavior; determining the drivers target intention based on the drivers current intention and target driving behavior; and controlling the vehicle based on the drivers target intention and the environmental state. This solves the problem of relatively limited application scenarios and insufficient functional expansion of the integration of brain-computer interfaces with automobiles, increasing driver comfort, improving operational efficiency, shortening response time, enhancing intention recognition capabilities in complex scenarios such as high speeds, and expanding immersive interaction.Market sources say XPeng Motors (09868.HK) is hiring banks to conduct an initial public offering (IPO) in Hong Kong for its flying car division.January 12th - A London employment monitoring report from Morgan McKinley, a leading UK recruitment firm, shows that due to uncertainty surrounding the UK budget and global markets, companies in the City of London scaled back hiring in the fourth quarter of 2025, with job vacancies falling by 13% compared to the previous quarter. However, demand for specific skills-based positions remains strong. Talent is most scarce in the technology and compliance delivery sectors as financial institutions seek to deploy artificial intelligence. Mark Astbury, Director at Morgan McKinley, stated that despite the slowdown in quarterly data, the overall job market remains resilient. However, he also pointed out that policy changes such as the National Insurance rate increase are weakening employer confidence.Reliance Industries: The company’s plan to build a battery energy storage manufacturing ecosystem, from cells to containerized energy storage systems, remains unchanged.

US Fed Considering CBDC, But Not Decided To Pursue or Implement

Cory Russell

Apr 15, 2022 10:40

The Federal Reserve of the United States has said that it is exploring creating a central bank digital currency (CBDC). The central bank has not yet determined whether or not to pursue or deploy a digital dollar, according to the central bank.


The Fed, on the other hand, has already issued a CBDC report emphasizing the use of stablecoins like USD Coin and Tether; the statement on Thursday is the most important to date.

Fed Exploring CBDC “Benefits and Risks”

In a tweet today, the authority said that it is looking into the possible advantages and hazards of CBDCs.


It has also produced a series of CBDC FAQs, explaining why it is contemplating it now. Given technology improvements ushering in a rush of new private-sector financial goods and services, the Fed believes it is the "appropriate moment" to examine a digital dollar.


CBDCs, according to the bank, might provide a variety of advantages. A digital dollar, for example, might give consumers and businesses a simple, electronic version of central bank money, as well as a platform for entrepreneurs to develop new financial goods and services and promote quicker and cheaper payments.

Lawmakers Critical of Fed’s Progress

US legislators questioned Fed Chair Jerome Powell in January on the pace and status of the Fed's CBDC review, which was set to be released last summer.


Fed Governor Christopher Waller stated last month that he isn't sure that a CBDC is necessary for retail consumers in particular.


"Are we actually in need of it?" That is something I have yet to be persuaded of. It's not to say I couldn't be, but I've never seen that on a retail CBDC."


Tom Emmer, a Minnesota politician, sponsored a measure in January to restrict the Fed from exercising unilateral authority over the US CBDC. The lawmaker wants the central bank to be prohibited from issuing digital dollars to people directly.

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