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January 22nd - The 2026 National Tobacco Work Conference was held in Beijing from January 18th to 19th. Regarding the work for 2026, Li Lecheng emphasized the need to prioritize the stable operation of the tobacco economy, placing it as a priority, promoting cost reduction and efficiency improvement across the entire industry chain, and accelerating the cultivation of new economic growth points; to focus on developing new quality productivity, actively integrating into the national innovation system and the layout of international science and technology innovation centers, and promoting the deep integration of technological and industrial innovation; and to focus on building a strong and high-quality modern tobacco industry system, accelerating the optimization and upgrading of the industrial structure. He also stressed the importance of strengthening market supervision, cracking down on tobacco-related illegal activities across the entire chain, and improving the regulatory effectiveness of e-cigarettes and various new tobacco-related products.On January 22, Zhijie Auto announced that its Zhijie R7 pure electric Ultra version achieved the lowest drag coefficient among mass-produced SUVs in the industry, with a measured drag coefficient of 0.217Cd at 120km/h and 23℃ in a professional wind tunnel test conducted by the China Automotive Technology and Research Center.On January 22, the Ministry of Agriculture and Rural Affairs released information at a press conference held by the State Council Information Office, showing that by 2025, my countrys agricultural modernization level will continue to improve, with the contribution rate of agricultural science and technology progress exceeding 64%. In 2025, my country will support the construction and upgrading of 75.68 million mu of high-standard farmland, bringing the cumulative total to over 1 billion mu. The seed industry revitalization action will be steadily promoted, the research and application of agricultural machinery and equipment will accelerate, the application scenarios of smart agriculture will expand across the entire chain, and the pace of green transformation in agriculture will accelerate.On January 22, according to Qichacha APP, Haixun Aurora New Energy Automotive Components (Beijing) Co., Ltd. was recently established with a registered capital of 100 million yuan. Its business scope includes: manufacturing of auto parts and accessories; wholesale of auto parts; retail of auto parts; and sales of electronic components and electromechanical equipment. Qichachas equity penetration analysis shows that the company is wholly owned by Beijing Hainachuan Automotive Components Co., Ltd., a subsidiary of Beijing Automotive Group Co., Ltd.Hong Kong-listed gold stocks retreated, with Everest Gold (01815.HK) and Datang Gold (08299.HK) falling by more than 4%, while Zhaojin Mining (01818.HK), Lingbao Gold (03330.HK), and Chifeng Gold (06693.HK) fell by 3.5%.

New FTX chief says bankrupt crypto exchange could restart

Skylar Shaw

Jan 20, 2023 11:43

According to Chief Executive Officer John Ray, the bankrupt cryptocurrency exchange FTX is considering ways to resurrect its operations. He made the announcement to the Wall Street Journal on Thursday.


According to Ray, who took over the company's leadership in November, a task group has been established to look at reviving FTX.com, the organization's primary international exchange.


The CEO also said in an interview with the Journal that he would research if resurrecting FTX's international exchange would generate more value for the company's clients than his team could get by simply selling the platform or liquidating its assets.


Following the news, FTT, the native token of FTX, increased by around 30%.


I'm relieved Mr. Ray is now only pledging to restart the exchange after months of blocking such attempts! Sam Bankman-Fried, the founder and former CEO of FTX, said in a tweet.


Bankman-Fried said, "I'm still waiting for him to eventually acknowledge FTX US is solvent and return clients' money.


An inquiry for comment from Reuters was not immediately answered by an attorney representing FTX.


Bankman-Fried is accused of robbing the exchange's users of billions of dollars to settle debts accrued by his cryptocurrency-focused hedge fund, Alameda Research. He's denied the allegations of fraud.


Customer money' future, however, is still unknown. In a note to creditors earlier this week, FTX said that since declaring bankruptcy in November, hackers had stolen nearly $415 million in cryptocurrency from its worldwide and American exchanges.


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