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4609.84
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Real-time News
On January 15th, following protests by Yao Zhenhua, Chairman of Baoneng Group and actual controller of Qoros Auto, against the undervaluation and "fire sale" of Qoros Autos Changshu factorys core assets, the auction proceeded as scheduled. As of press time, one person had registered, 772 people were following the story, and 20,129 people had viewed it. On January 14th, Yao Zhenhua released a video of his whistleblowing through the official WeChat account of "China Baoneng," alleging that in the 270 million yuan execution case against Qoros, the liquidation team forcibly sealed off Qoros Autos factory and equipment, exceeding the stipulated amount in the seizure and execution, and forcibly auctioned off Qoros Autos land, factory buildings, conventional machinery and equipment, and specialized vehicle equipment, among other core assets.Hong Kong property stocks rallied, with New World Development (00017.HK) rising over 10%, Zhengshang Real Estate (00185.HK) gaining over 9%, and Fantasia Holdings (01777.HK) and Zhongliang Holdings (02772.HK) following suit.On January 15th, Apple announced the expansion of Apple Pays cross-border payment support. Users holding Visa credit cards issued by the Industrial and Commercial Bank of China, Bank of China, Agricultural Bank of China, Bank of Communications, China Merchants Bank, CITIC Bank, Ping An Bank, and Industrial Bank, as well as Visa debit cards issued by CITIC Bank, can use Apple Pay for cross-border payments after adding their cards to the Apple Wallet app. Visa credit cards issued by more banks, including Shanghai Pudong Development Bank, China Construction Bank, China Minsheng Bank, and China Everbright Bank, will support this feature in the coming months. Mastercard is also preparing to launch this feature for cardholders of select issuing banks in the coming months.January 15th - The National Australia Banks Q4 2025 Business Survey shows that the Australian economy is demonstrating strong resilience, with overall capacity utilization climbing to its highest level in 18 months. The banks data shows that capacity utilization rose to 83.3% in the quarter, up from 83.0% in Q3 and 82.4% in Q2. Faced with a worrying inflation outlook, the Reserve Bank of Australia (RBA) will certainly not ignore the increasingly prominent capacity bottlenecks in the economy at its February meeting. A growing number of economists are predicting an interest rate hike next month, or strategically opening the door to this possibility.Hong Kong-listed lithium battery stocks rallied, with Hongqiao Group (08137.HK) up over 8%, Ganfeng Lithium (01772.HK) up over 5%, Tianqi Lithium (09696.HK) up over 4%, and BYD (01211.HK) and CATL (03750.HK) following suit.
