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Express News | Alibaba: On January 3, approximately 9.9852 million USD was spent to repurchase about 0.939 million shares.
After the USD dropped over 1%, it rebounded, and Trump denied the report of "tariff reduction."
Reports indicate that a tariff plan studied by Trump’s aides will target all countries but only cover key imported commodities, yet Trump denied on Social Media that the tariff policy would be reduced.
The net Inflow of Xiaomi Group through the Hong Kong Stock Connect is 1.4 billion HKD.
Northbound capital flows into Xiaomi Group (01810.HK), China Mobile (00941.HK), and Tencent (00700.HK) with net inflows of 1.4 billion HKD, 0.635 billion HKD, and 0.264 billion HKD respectively. Northbound capital outflow from WEIMOB INC (02013.HK) reached 25.49 million HKD. The highest net inflow of capital in SH->HK Connect for active stocks was Xiaomi Group (01810.HK) at 1.01 billion HKD, while the highest net outflow was from WEIMOB INC (02013.HK) at 4.53 million HKD. The highest net inflow of capital in SZ->HK Connect for active stocks was also Xiaomi Group.
Hong Kong Market Quick Review | The three major indices of Hong Kong stocks fluctuated and closed lower; the Cryptos Concept and Nonprofit Pharmaceutical Companies rose against the trend, with BOYAA rising over 12% and Heptagon Pharmaceuticals increasing
Network Technology stocks declined, with MEITUAN-W dropping 1.95% and KUAISHOU-W falling 1.23%; most Dining stocks fell, with HAILUNSI down 4.66% and SUPER HI down 4.15%; Property Services and Management stocks weakened, with GREENTOWN SER down 3.90% and SUNAC SERVICES down 2.53%.
Cai Niao and Jizhong Energy Resources are building a smart supply chain platform.
Alibaba-W (09988.HK) (BABA.US) logistics flagship Cainiao Group announced that the smart supply chain platform jointly created with Jizhong Energy Resources has officially gone live and is now in trial running at Jizhong Energy Group. The platform, led by Cainiao, has been designed and developed in accordance with the supply chain management needs of Jizhong Energy Group, deploying multiple integrated services based on the company's existing Cloud Computing capabilities, including storage, computing, application management, interface management, and Big Data computing. Cainiao stated that over 600 digital transformation projects have been implemented in more than 28 countries, encompassing food, daily chemicals, Automobiles, chemicals, apparel, and Hotung Inv.
Henan's finance plans to issue 0.2 billion yuan in New Year consumption vouchers.
The Henan Provincial Government Press Office held a news conference on the policy measures to promote the "Opening Red" for the first quarter of the economy in 2025. The Henan Provincial Department of Commerce will focus on effectively boosting consumption, with three key initiatives in the first quarter: replacing old consumer goods with new ones, issuing new Spring consumption vouchers, and creating consumption scenarios. In key areas such as retail, Dining, cultural tourism, and Lodging, the provincial finance will issue 0.2 billion yuan of consumption vouchers, while also encouraging localities to follow suit in issuing consumption vouchers.