Wang Tao, UBS: It is expected that the Central Economic Work Conference will focus on the short-term policy package. Recently, the market highly expects the Central Economic Work Conference to guide the high-quality economic development of China next year. Wang Tao, head of Asian economic research at UBS and chief China economist, said: "I expect that the Central Economic Work Conference may focus on the short-term policy package in 2025 and 2026, but it will also emphasize accelerating some reform measures already outlined at the Third Plenary Session." Wang Tao believes that the next important reform measures may include providing better protection and access for the private economy, deepening the reform of state-owned enterprises to improve efficiency and governance, promoting household registration reform to improve the welfare of migrant workers, strengthening the social security network, and carrying out fiscal and taxation reforms to solve local fiscal revenue problems. "I think structural, deeper and faster reforms will be very important, not only to attract foreign investment, but also to boost domestic confidence." (China Daily)Japan Space Agency: H3 5 rocket with QZS-6 satellite was launched on February 1st.Finance Minister of Thailand: The Cabinet approved a reduction of 0.23% in FIDF (Financial Institution Rehabilitation Fund) donations within three years.
Hang Seng Index fell 0.2%, led by Meituan. The Hang Seng Index fell 0.2% to 20,278.66 in Hong Kong for two consecutive days. Meituan dragged down the index the most, falling by 1.7%. Chuangke Industrial Co., Ltd. suffered the biggest decline, falling by 4.1%. In midday trading, 33 of the 83 stocks fell and 46 rose; Three of the four stocks fell, led by industrial and commercial stocks.The Nikkei 225 index just broke through the 39,300.00 mark, and the latest report was 39,302.42, down 0.17% in the day.Thailand's cabinet approved the reduction of the bailout fee for commercial banks.
The commercial chain plate continued to rise, and Zhijia actually had a daily limit in the afternoon. Youa shares and Yimin Group had previously had daily limit, while Doctor Glasses, Commodity City and Chongqing Department Store followed suit.Barclays lowered its target share price of Nike from $81 to $79.For the second day in a row, the price of domestic gold ornaments rose by 10 yuan/gram compared with yesterday. The price of gold ornaments in many jewelry stores was 812 yuan/gram, while the price of gold ornaments in Zhou Shengsheng and Laomiao was slightly higher, 814 yuan/gram and 813 yuan/gram respectively.