Domestic News
- Tariff Adjustments: On February 1st, the United States imposed a 10% tariff on all Chinese goods imported into the US. On February 4th, the Tariff Policy Commission of the State Council announced that, starting from February 10th, a 15% tariff will be imposed on coal and liquefied natural gas originating from the US, and a 10% tariff on crude oil, agricultural machinery, etc.
- Export Control: The Ministry of Commerce and the General Administration of Customs decided to implement export controls on items related to tungsten, tellurium, bismuth, molybdenum, and indium to safeguard national security and interests and fulfill international obligations such as non - proliferation.
- Market Supervision: The State Administration for Market Regulation has launched an investigation into Google for suspected violations of the "Anti - Monopoly Law of the People's Republic of China".
- Adjustment of Transportation Fees: Starting from 0:00 on February 5th, the fuel surcharge for domestic air routes increased. For routes of 800 kilometers and below, 20 yuan will be charged per passenger per flight segment, and for routes of more than 800 kilometers, 40 yuan will be charged per passenger per flight segment.
- Capital Market Dynamics: As of February 4th, securities firms have recommended 159 "Golden Stocks" for February, with Contemporary Amperex Technology Co., Limited being recommended the most times. In the public offering market, 33 new funds will start fundraising, with equity funds accounting for the majority.
International News
- Tariff Policies: On February 3rd, Eastern Time in the US, the US Customs and Border Protection announced that imported goods from China (including Hong Kong) will no longer be eligible for the "de minimis" duty - free policy and will be subject to an additional 10% tariff. The "tariff war" between Canada and the US has been postponed for 30 days, and the US and Mexico have agreed to postpone the implementation of tariff increases for one month.
- Financial Markets: The three major US stock indexes all closed higher. The Dow Jones Industrial Average rose 0.3% to 44,556.04 points, the S&P 500 Index rose 0.72% to 6,037.88 points, and the NASDAQ Composite Index rose 1.35% to 19,654.02 points. The three major European stock indexes closed mixed. The German DAX Index rose 0.36% to 21,505.7 points, the French CAC 40 Index rose 0.66% to 7,906.4 points, and the UK's FTSE 100 Index fell 0.15% to 8,570.77 points.
- Industry Developments: The European Union has launched a strategic dialogue on the automotive industry and will propose an action plan in March to respond to changes, focusing on four key issues such as the clean transformation of the automotive industry. Grab and Goto, the two giants in the Southeast Asian ride - hailing market, are accelerating merger negotiations.
