【Top News】 Former US President Donald Trump stated that the United States might oversee Venezuela for an extended period and control its oil revenues. According to a Reuters report on the 8th local time, Trump indicated, "The United States may implement oversight of Venezuela and control its oil revenues for several years to come." When questioned about the specific duration of US oversight—whether it would be three months, six months, a year, or longer—Trump responded, "Only time will tell." He added, "I believe it will last longer."
China's Ministry of Commerce: China's willingness to continuously deepen China-Venezuela economic and trade relations will not change. He Yadong, spokesperson for China's Ministry of Commerce, stated on the 8th that regardless of changes in Venezuela's political situation, China's willingness to continuously deepen bilateral economic and trade relations remains unchanged. Speaking at a regular press conference held by the Ministry of Commerce that day, He Yadong, in response to questions concerning Venezuela, said that the hegemonic actions of the United States seriously violate international law, infringe upon Venezuela's sovereignty, and threaten peace and security in Latin America; China firmly opposes such actions. He emphasized that China-Venezuela economic and cooperation is cooperation between sovereign states, protected by international law and the laws of both countries, and no other country has the right to interfere. Regardless of political changes in Venezuela, China's willingness to continuously deepen bilateral economic and trade relations will not change.
Venezuelan Foreign Minister Expresses Gratitude Again for China's Support. On the 8th local time, Venezuelan Foreign Minister Yván Gil posted on social media, once again expressing gratitude for China's support for Venezuela. In his post, Gil stated that the Venezuelan government once again expresses sincere gratitude to the People's Republic of China for its firm stance, clearly stating and resolutely opposing the politicization and instrumentalization of human rights issues as a pretext for interfering in the internal affairs of other countries. Gil also stated that Venezuela also thanks China for its firm opposition to violations of international law and Venezuelan sovereignty. The Venezuelan people reaffirm their steadfast commitment to political sovereignty, territorial sovereignty, and sovereignty over their natural resources.
Chinese Ambassador to Japan Rejects Japanese Diplomatic Protest Over Dual-Use Item Export Controls. According to a message released on the official WeChat account of the Chinese Embassy in Japan on January 8, Ambassador to Japan Wu Jianghao rejected a diplomatic protest submitted by Japanese Vice-Minister for Foreign Affairs Takehiro Funakoshi regarding China's strengthening of export controls on dual-use items. Wu Jianghao emphasized that China's move aims to safeguard national security and interests and fulfill international non-proliferation obligations; it is entirely legitimate, reasonable, and lawful. China's position has been clearly stated, and it will advance relevant measures according to the established steps.
Lee Hsien Loong Voices Concern: US Military Intervention in Venezuela Worries Small States Like Singapore. Singapore's Senior Minister Lee Hsien Loong stated at a forum on the 8th that US military intervention in Venezuela would have long-term impacts on the international system, causing concern for small states like Singapore. Lee Hsien Loong said, "I think the long-term consequences for the international system are something we have to worry about. From the perspective of a small country, if the world operates in this way, we are in trouble."
China's Ministry of Commerce Responds to Review of Meta's Acquisition of Manus. Regarding the acquisition of the artificial intelligence platform Manus by US tech giant Meta, spokesperson for China's Ministry of Commerce He Yadong stated on the 8th that the Chinese government consistently supports enterprises in conducting mutually beneficial transnational operations and international technology cooperation in accordance with laws and regulations. Media reports indicated that China's Ministry of Commerce is reviewing Meta's $2 billion acquisition of the AI platform Manus to determine if there are any violations of technology export controls. In response at the regular press conference held that day, He Yadong stated that it needs to be clarified that enterprises engaging in activities such as outward investment, technology export, data出境, and cross-border mergers and acquisitions must comply with Chinese laws and regulations and fulfill statutory procedures. The Ministry of Commerce will jointly with relevant departments conduct an evaluation and investigation into the consistency of this acquisition with relevant laws and regulations concerning export controls, technology import and export, and outward investment.
Four Government Departments Issue Plan to Regulate Competition Order in Power and Energy Storage Battery Industry. On January 8, it was reported that the Ministry of Industry and Information Technology, the National Development and Reform Commission, the State Administration for Market Regulation, and the National Energy Administration recently held a joint symposium for the power and energy storage battery industry, studying and deploying further measures to standardize the competition order in the sector. The meeting pointed out that China's power and energy storage battery industry has developed rapidly, achieving phased competitive advantages globally. However, influenced by various factors, there are instances of盲目 construction within the industry, leading to irrational competitive behaviors such as low-price competition, which disrupts normal market秩序, weakens the industry's sustainable development capacity, and must be regulated and managed. It is necessary to strengthen market supervision, enhance price law enforcement inspections, increase efforts in production consistency and product quality supervision and inspection, and crack down on intellectual property rights violations. Capacity management must be optimized, a capacity monitoring and分级预警 mechanism健全, macro-control strengthened to prevent overcapacity risks. Support for industry self-discipline should be enhanced, leveraging industry associations to guide enterprises in scientifically planning capacity, and promoting the establishment of a market order characterized by优质优价 and fair competition. Regional coordination should be strengthened, central-local coordination and linkage enhanced for comprehensive policy implementation, guidance to local enterprises improved, redundant construction strictly controlled, and healthy, orderly industry development promoted.
First Central SOE Restructuring of 2026 Finalized: Sinopec and China National Aviation Fuel Group Implement Reorganization. Adding a new case of restructuring and integration at the central enterprise group level after a two-year interval. On January 8, the State-owned Assets Supervision and Administration Commission of the State Council announced that, upon approval by the State Council, China Petroleum & Chemical Corporation (Sinopec Group) and China National Aviation Fuel Group Limited are implementing a reorganization. Industry insiders believe that the integration of these two energy central enterprise 'behemoths' will reshape the landscape of the domestic aviation fuel market and even the entire energy industry chain.
Capital Frenzy Positions in Commercial Space: "Absolutely Not Missing the 2026 Hotspot." As the year turns, commercial space, with strong momentum, is stirring new waves in primary and secondary markets. Recently, five companies dubbed the "Chinese version of SpaceX" – LandSpace, Space Pioneer, Galactic Energy, i-Space, and Zhongke Aerospace – are collectively vying to become the "first stock of commercial rockets," with their valuations already surpassing the ten-billion-yuan mark. Across the ocean in the US, SpaceX, led by Elon Musk, is advancing its IPO plans, with a potential valuation reaching $1.5 trillion; OpenAI also plans to relocate its computing centers to space. This race for space resources has already begun. With continuous policy support and strengthening exit expectations, the primary market is experiencing a long-awaited stir – capital is accelerating its positioning, competing for project shares, and valuations of related targets are顺势攀升. As competition for high-quality projects intensifies, the investment window is narrowing, and the broader industrial chain space upstream and downstream awaits deeper capital exploration.
Major Reforms May Be Imminent for Housing Provident Fund. Recently, reform of the housing provident fund system has become a topic frequently mentioned by regulatory authorities. The Central Economic Work Conference held in December 2025 pointed out the need to deepen the reform of the housing provident fund system. In the communiqués of the Central Economic Work Conference over the past decade, this is the first time the housing provident fund has been mentioned separately. Later that month, the National Housing and Urban-Rural Development Work Conference was held, proposing to "better leverage the role of the housing provident fund" and "deepen the reform of the housing provident fund system." The meeting also revealed that China has cumulatively issued 6.5 trillion yuan in housing provident fund individual housing loans, supporting contributors in withdrawing 9.4 trillion yuan from their housing provident fund accounts for housing consumption.
Musk: China's AI Computing Power Will Far Surpass Others. Elon Musk, CEO of Tesla and the world's richest person, recently stated that China will far exceed the rest of the world in terms of computing power required to run artificial intelligence (AI). "China will have more electricity than any other country and probably more chips," Musk said in a podcast aired on Tuesday. "Based on current trends, China's AI computing power will far surpass that of the rest of the world." Musk indicated that China's decisive advantage in the AI race lies in its ability to supply power on a massive scale. He estimated that by 2026, China's power generation capacity could reach about three times that of the United States, thereby possessing the capability to support high-energy-consumption AI data centers.
【Featured Companies】 Sudden! Yu Liang Resigns from All Positions at Vanke. On January 8, China Vanke Co.,Ltd. announced that Yu Liang, having reached retirement age, submitted a written resignation report to the board of directors, resigning from his positions as director and executive vice president. Following his resignation from these positions, Yu Liang will no longer hold any position within the company. Without retaining the nominal title of "Honorary Chairman" or transitioning to an advisory role, this veteran who served Vanke for 36 years has completely bid farewell to the enterprise to which he dedicated most of his life. His retirement marks not only the end of an individual's career but also signifies the conclusion of an era for Vanke and even China's real estate industry.
Admits to Intentionally Not 'Turning Bearish' to Solicit Votes, Zheshang Securities Fixed Income Chief Under Regulatory Investigation. Recently, remarks by Qin Han, the fixed income chief at Zheshang Securities, about intentionally not 'turning bearish' have gone viral, attracting regulatory attention and triggering an investigation. On December 17 last year, the results of the 2025 New Fortune Best Analyst selection were announced, with the team led by Qin Han securing fifth place in fixed income research, marking the best performance of his personal career. However, he expressed dissatisfaction on his social media, stating, "Originally thought we could make the top three, but ended up only fifth. I really cried today."
Moore Threads: Officially Releases Version 1.1 of Open-Source Large Model Distributed Training Simulation Tool SimuMax. On January 8, according to a message on Moore Threads' official WeChat account, the company recently officially released version 1.1 of its open-source large model distributed training simulation tool, SimuMax. This version, while fully inheriting the high-precision simulation capabilities of v1.0, achieves a significant upgrade from a single tool to an integrated full-stack workflow platform, providing systematic support for the simulation and tuning of large model training.
【Industry Hotspots】 Memory Prices Hit Record High, Merchants Have Mixed Feelings. Commodity Price Rises Rotate, Coking Coal Surges for Two Consecutive Trading Sessions. Orders 'Urging Updates,' Lithium Battery Enterprises Race to Expand Production.
【Market Strategy】 Looking ahead, Hu Zhizhen, President of UBS Group China and Chairman of UBS Securities, stated at a media exchange that Chinese assets have not entered an "overheated" zone. UBS expects earnings growth for the MSCI China Index to potentially reach 14% or higher in 2026, with momentum primarily coming from internet platforms, high-end manufacturing, and companies capable of global expansion. Chen Ge, Co-Head of Global Investment Banking at UBS Securities, stated that internal UBS data shows that although the allocation to Chinese assets by the world's top 40 international investors in 2025 significantly rebounded compared to 2024, there is still considerable room for growth compared to the 2017-2021 average. "This is also an important reason for our optimism about the 2026 market." Regarding the core logic behind foreign capital's allocation to Chinese assets, Hu Zhizhen believes that, on one hand, Chinese enterprises have stepped up to a new level annually in technological innovation and global competitiveness since 2018, with the pace accelerating post-2020. On the other hand, from a global allocation perspective, the valuation advantages and structural growth potential of Chinese assets make them an important choice for global investors to hedge against single-market risks.
【New Stock Dynamics】 None.
【Announcements Summary】 【Hot Topics】 Junda Co., Ltd.: The company's recent operational situation and internal/external operating environment have not undergone significant changes. Tongyu Communication Inc. (Two consecutive limit-ups): The company's stock price has deviated from its fundamentals, indicating excessive market sentiment. Heshun Electric Co., Ltd.: Current operations are normal, and there are no undisclosed major matters. Hongxun Technology Co., Ltd. (Two consecutive limit-ups): Its Italian subsidiary EEI only supplies components for nuclear fusion devices, not complete sets. Yanshan Technology Co., Ltd. (Four consecutive limit-ups): There are no undisclosed major matters. Kanshe Holdings Co., Ltd. clarifies media reports: The company currently is not involved in commercial aerospace or satellite navigation businesses; related reports are inaccurate. China Vanke Co.,Ltd.: Director and Executive Vice President Yu Liang resigns due to reaching retirement age. Taisheng Wind Energy Equipment Co., Ltd.: The company's related plans in the commercial aerospace field are currently in the initial stage of business layout. Luxin Venture Capital Group Co., Ltd.: The participating funds collectively hold only a 0.89% stake in LandSpace, having a minor impact on the company. Plastic Omnium (Four consecutive limit-ups): It is expected that the company's LCP film products will not generate规模化 orders in the brain-computer interface field in the short term. Jiangshun Technology Co., Ltd. (Three consecutive limit-ups): The company is planning to jointly establish an investment fund. China National Machinery Industry Corporation Ltd. (Two consecutive limit-ups): Revenue generated from "controlled nuclear fusion" related products accounts for an extremely low proportion of the company's total revenue. Zhitai New Materials Co., Ltd. (Four consecutive limit-ups): The company's fundamentals have not undergone significant changes, and there are no undisclosed major matters.
【Financial Results】 Universal Scientific Industrial (Shanghai) Co., Ltd.: Consolidated operating revenue for December 2025 was 4.767 billion yuan, a year-on-year decrease of 7.79%. Zhongmin Energy Co., Ltd.: Cumulative electricity generation connected to the grid in 2025 decreased by 4.46% year-on-year. Polylite Co., Ltd.: Forecasts 2025 net profit to increase by 27.17%—33.3% year-on-year. Luoniushan Co., Ltd.: Pig sales revenue in 2025 was 1.244 billion yuan, a year-on-year decrease of 4.74%. Zhengbang Technology Co., Ltd.: Pig sales revenue in 2025 was 8.479 billion yuan, a year-on-year increase of 59.33%. Jianghuai Automobile Group Corp., Ltd.: Vehicle sales in December 2025 increased by 42.24% year-on-year. China Merchants Energy Shipping Co., Ltd.: Forecasts 2025 net profit to increase by 17%—29% year-on-year. Tianyong Intelligent Co., Ltd.: Expects 2025 net profit to be between 10 million and 15 million yuan, turning a profit from a loss. Jinli Permanent Magnet Co., Ltd.: Forecasts 2025 net profit to increase by 127%—161% year-on-year. Wens Foodstuff Group Co., Ltd.: Forecasts 2025 net profit to decrease by 40.73%—46.12% year-on-year. China General Nuclear Power Corporation: Total electricity generated by nuclear power units in 2025 increased by 2% year-on-year. Absen plc: Expects 2025 net profit to increase by 105.32%—148.09% year-on-year. Intretech, Inc.: Forecasts 2025 net profit to increase by 114.69%—162.4% year-on-year. China Fortune Land Development Co., Ltd.: Annual operating performance for 2025 is expected to report a loss.
【Share Buybacks】 Natura: Plans to repurchase shares worth 40—50 million yuan. Yantai Dongcheng Biochemicals Co., Ltd.: Obtains special loan financing support of up to 170 million yuan for share repurchases. Syntech Technology Co., Ltd.: Plans to repurchase shares worth 60—120 million yuan.
【Shareholding Changes】 Yuguang Gold and Lead Co., Ltd.: A shareholder plans to reduce its holding by no more than 1.71% of the company's shares. Jialitu Technology Co., Ltd.: Shareholder Anle Group plans to reduce its holding by no more than 3% of the company's shares. Laiyifen Co., Ltd.: The controlling shareholder plans to reduce its holding by no more than 3% of the company's shares.
【Contracts & Bids】 Runjian Co., Ltd.: Signs a strategic cooperation framework agreement with JD Technology. AVIC Uav Co., Ltd.: Signs an ordinary operating contract exceeding 100 million yuan for无人机系统. United Water Co., Ltd.: A consortium wins a long-term operation and maintenance project for municipal sewage treatment in Saudi Arabia worth approximately 378 million yuan. Changhong Technology Co., Ltd.: A controlled subsidiary's semiconductor consumables products secure customer procurement share. Piero Co., Ltd.: Signs a框架 agreement for bulk procurement of IGBT chips, expanding business in the high-voltage direct current transmission field.
【Major Investments】 Hongxin Technology Co., Ltd.: Plans to invest in establishing a new wheel production project in Thailand, with planned additional investment of approximately $50 million. Minsheng Health Co., Ltd.: Plans to invest 98 million yuan to establish a fund focusing on equity investments in the大健康 industry. Jiechuang Intelligent Technology Co., Ltd.: Plans to procure IT equipment and components for up to 4 billion yuan to develop cloud computing business and related technology product R&D.
【Changes in Shareholding】 Tiansheng New Materials Co., Ltd.: The largest shareholder is planning matters related to a change in company control; trading halt. 【Mergers & Acquisitions / Restructuring】 Huaqi Petroleum & Gas Technology Co., Ltd.: The controlling shareholder is planning matters related to a change in company control; trading halt. Northern Long Dragon Co., Ltd.: Plans to acquire 51% of Shunyi Technology's shares, expected to constitute a major asset reorganization.
【Refinancing】 Rijiu Photoelectric Technology Co., Ltd.: Plans a private placement to raise no more than 800 million yuan for functional film projects, etc. Quanxin Co., Ltd.: Plans to issue convertible bonds to raise no more than 312 million yuan for commercial aviation transmission and interconnection communication integrated products, etc.
【Others】 Huasheng Lithium Battery Co., Ltd.: Planning an H-share issuance and listing on the Hong Kong Stock Exchange. Chipscreen Biosciences Co., Ltd.: Obtains drug clinical trial approval notice for Theonine Capsules. Gansu Energy and Chemical Industry Co., Ltd.: Lanzhou New Area Thermal Power Unit No. 2 passes the 168-hour trial operation. Pulike Biological Engineering, Inc.: Obtains new veterinary drug registration certificate for Fluralaner Chewable Tablets. Changchun High-Tech Co., Ltd.: Subsidiary's melatonin granule market application accepted for review.
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