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Express News | The Hang Seng Index in Hong Kong closed down 0.4% and the Hang Seng TECH Index fell 1.43%.
Express News | The U.S. side claims that it may start imposing a 10% tariff on China beginning February 1, and the Ministry of Commerce responded that tariff measures are not beneficial to either China or the U.S., nor to the entire world.
Express News | The U.S. side has proposed to assess the implementation of the first phase of the China-U.S. trade agreement, and the Ministry of Commerce responded: The Chinese Ministry of Commerce has maintained communication with the relevant competent authorities of
Hong Kong Stock Market Midday Review | Hang Seng Index rose 0.24% in the morning session, Mainland Insurance Companies climbed across the board.
Six departments issued a document to promote the entry of medium- and long-term funds into the market. Institutions stated that expectations for improvements on the asset side have significantly increased.
Express News | The State Council Information Office held a press conference on "Vigorously Promoting the Entry of Medium and Long-term Funds into the Market and Promoting the High-quality Development of Capital Markets" with ten key points.
Here comes the simplified version of the press conference highlights! Five ministries have made a significant statement, vigorously promoting the entry of medium- and long-term funds into the market.
The China Securities Regulatory Commission will further enhance the equity allocation capacity of medium to long-term funds, steadily expand the investment scale, and improve the funding supply structure of Capital Markets.