Sydney:12/24 22:26:56

Tokyo:12/24 22:26:56

Hong Kong:12/24 22:26:56

Singapore:12/24 22:26:56

Dubai:12/24 22:26:56

London:12/24 22:26:56

New York:12/24 22:26:56

2025-12-18 Thursday

2025-12-19

13:00:42

[Yang Xudong, Director of the Electronic Information Department of the Ministry of Industry and Information Technology: Further Strengthening Capacity Control in the Photovoltaic Industry] Yang Xudong, Director of the Electronic Information Department of the Ministry of Industry and Information Technology, stated that 2026 will be a critical period for the governance of the photovoltaic industry. He emphasized the need to further strengthen capacity control, enhance the management of photovoltaic manufacturing projects, and promote the orderly withdrawal of outdated production capacity through market-oriented and rule-of-law means to accelerate the achievement of dynamic capacity balance. At the 2025 Photovoltaic Industry Annual Conference held that day, Yang Xudong stated that in 2026, the Electronic Information Department of the Ministry of Industry and Information Technology will work with relevant departments to focus on several key tasks, including improving the price monitoring mechanism, paying close attention to companies with abnormal prices, strengthening product quality supervision and spot checks, and strengthening monitoring and follow-up handling of companies with substandard quality, false power labeling, and intellectual property infringement. Simultaneously, the department will strengthen innovation-driven development; further improve the standard system, accelerate the revision and implementation of mandatory national standards such as photovoltaic module quality and safety and polysilicon energy consumption limits; urge the industry to further strengthen self-discipline; and further promote deeper international cooperation. (Xinhua News Agency)

11:10:40

[National Development and Reform Commission: Improve the Long-Term Mechanism for Private Enterprises' Participation in Major Project Construction to Stimulate Private Investment] The National Development and Reform Commission (NDRC) issued a report entitled "Focusing on Expanding Effective Investment," which points out the need to optimize the structure of government investment, make good use of various types of government investment, and strengthen the whole-process management of government investment; improve the long-term mechanism for private enterprises' participation in major project construction, and stimulate private investment. Government investment is a powerful policy tool for implementing national strategic tasks and responding to cyclical economic fluctuations, and its guiding and driving role should continue to be fully utilized. Private investment is an important driving force for stabilizing investment growth and promoting economic development, but it currently faces prominent problems such as insufficient confidence, slowing growth, and declining share. It is imperative to focus on both government and private investment, both promoting the quality and efficiency of government investment to support the construction of basic, public welfare, and long-term major projects, and promoting the development of private investment with greater力度 and more concrete measures, striving to increase the proportion of private investment and enhance investment vitality and growth potential. (NDRC)

11:08:33

[National Development and Reform Commission: Focusing on Developing New Productive Forces Based on Local Conditions and Proactively Planning Future Industrial Projects] The National Development and Reform Commission (NDRC) issued a report entitled "Striving to Expand Effective Investment," which points out that efforts should be made to stabilize the investment base in traditional sectors, actively cultivate new drivers of investment growth, and strive to maintain steady investment growth. The report focuses on developing new productive forces based on local conditions, promoting technological transformation and upgrading of traditional industries, expanding effective investment in emerging industries, and proactively planning future industrial projects. It also focuses on promoting the high-quality and efficient development of the service industry, expanding investment in productive service industries such as science and technology, software, information, and logistics, and strengthening investment in consumer service industries that meet the needs of human resource development and the comprehensive development of people. Furthermore, it focuses on building a modern infrastructure system, appropriately advancing the construction of new infrastructure, optimizing the traditional infrastructure network, improving urban infrastructure, and promoting rural infrastructure construction in a categorized and orderly manner. Finally, it focuses on accelerating the comprehensive green transformation of economic and social development, expanding investment in areas such as ecological protection, environmental governance, and energy conservation and carbon reduction. (NDRC)

11:07:36

China's uncombed cotton imports in November - agricultural and sideline products

Previous : 9 Forecast : -

Published Value 12

Previous

11:07:34

China's corn imports in November - Agricultural and sideline products

Previous : 36 Forecast : -

Published Value 56

Previous

11:07:32

China's wheat imports in November - agricultural and sideline products

Previous : 16 Forecast : -

Published Value 25

Previous

11:07:30

China's sugar imports in November - agricultural and sideline products

Previous : 75 Forecast : -

Published Value 44

Previous

11:07:29

China's liquefied natural gas imports in November - Energy

Previous : 576 Forecast : -

Published Value 694

Previous

11:07:28

China's pipeline natural gas imports in November - Energy

Previous : 401 Forecast : -

Published Value 501

Previous

11:07:28

China's diesel exports in November - Energy

Previous : 74 Forecast : -

Published Value 42

Previous

11:04:42

[ECB Meeting Preview: Interest Rates Expected to Remain Unchanged, Eurozone Growth Remains Robust] 1. With interest rates expected to remain unchanged and the outlook improving, the market perceives minimal short-term policy risks, further reinforcing the euro's range-bound trading pattern. 2. The European Central Bank (ECB) is expected to keep interest rates unchanged at its policy meeting on Thursday, reinforcing the view that the easing phase has ended as the Eurozone economy demonstrates greater resilience and inflation remains anchored near the target. The policy statement will be released at 21:15 Beijing time, followed by a press conference by ECB President Christine Lagarde half an hour later (21:45 Beijing time). 3. Recent economic data exceeding the ECB's own forecasts have eased concerns that global trade disruptions will significantly weaken growth. Exporters' resilience to US tariff pressures has exceeded expectations, while stronger domestic demand in Germany has helped offset continued weakness in manufacturing activity across the Eurozone. These dynamics have collectively enabled the Eurozone economy to expand at a pace close to its potential growth rate. 4. Inflation trends support the rationale for maintaining policy stability. Overall inflation has been hovering near the ECB's 2% target, primarily driven by robust increases in service sector prices, while underlying price pressures appear to be under control. With medium-term inflation expected to remain near the target, policymakers are seen as having no urgency to adjust interest rates in either direction. 5. Against this backdrop, the ECB is likely to slightly raise its growth and inflation forecasts, effectively ending the year-long rate-cutting cycle that has halved the policy rate from its peak. While there has been some speculation about potential future rate hikes, such discussions are widely considered premature given the persistent spare capacity in manufacturing and the only early signs of industrial recovery. 6. ECB President Christine Lagarde is not expected to provide guidance on the direction of the next policy action, instead emphasizing data dependence and the need to assess the evolving situation. Market consensus suggests that interest rates will remain unchanged at least until 2026 and 2027, reinforcing the view that the ECB is satisfied with its current stance.

11:04:25

[National Development and Reform Commission: Expanding Effective Investment in Emerging Industries and Proactively Planning Future Industrial Projects] The National Development and Reform Commission (NDRC) issued a document entitled "Focusing on Expanding Effective Investment," which points out the need to optimize the investment structure and expand investment space. It emphasizes stabilizing investment in traditional sectors, actively cultivating new drivers of investment growth, and striving to maintain steady investment growth. The document focuses on developing new types of productive forces tailored to local conditions, promoting technological transformation and upgrading of traditional industries, expanding effective investment in emerging industries, and proactively planning future industrial projects. It also focuses on promoting the high-quality and efficient development of the service industry, expanding investment in productive service industries such as science and technology, software, information, and logistics, and strengthening investment in consumer service industries that meet the needs of human resource development and the comprehensive development of people. Furthermore, it focuses on building a modern infrastructure system, appropriately advancing the construction of new infrastructure, optimizing the traditional infrastructure network, improving urban infrastructure, and promoting rural infrastructure construction in a categorized and orderly manner. Finally, it focuses on accelerating the comprehensive green transformation of economic and social development, expanding investment in areas such as ecological protection, environmental governance, and energy conservation and carbon reduction.

11:04:00

[National Development and Reform Commission: Maintain Reasonable Government Investment Levels and Optimize Government Investment Structure] The National Development and Reform Commission (NDRC) issued a document entitled "Focusing on Expanding Effective Investment," emphasizing the need to effectively manage and utilize government investment. This includes maintaining reasonable levels of government investment, optimizing the structure of government investment, and strengthening the full life-cycle management of government investment. The document further clarifies the direction and priorities of central and local government investment, and increases the proportion of government investment in livelihood-related projects. It stresses strengthening the "two key" nature (high-level and low-level projects), adhering to a top-down approach, and emphasizing both tangible and intangible aspects to promote high-quality development of these projects. The document also emphasizes managing and utilizing central government budgetary investment effectively, further improving project quality and the efficiency of investment plan execution. It studies adjusting the pilot scope of "self-review and self-issue" of local government special bond projects, and further optimizing the management mechanism for special bond projects and funds. It calls for coordinating the use of various types of government investment, exploring the compilation of comprehensive government investment plans in areas with a good foundation, and better coordinating government investment needs and capabilities. Finally, it emphasizes strengthening the whole-process supervision and management of government investment projects, accelerating project construction and fund utilization, and preventing funds from becoming idle, misappropriated, or diverted.

Broker Rankings

Under Regulation

ATFX

Regulated by the UK FCA | Full license plate MM | Global business coverage

Overall Rating 88.9
Under Regulation

FxPro

Regulated by the UK FCA | NDD is executed without trader intervention | More than 20 years of history

Overall Rating 88.8
Under Regulation

FXTM

The stock owner's currency pair has a zero spread | "3000 times leverage" | Trade US stocks at zero commission

Overall Rating 88.6
Under Regulation

AvaTrade

More than 18 years | Nine levels of supervision | An established European broker

Overall Rating 88.4
Under Regulation

EBC

The EBC Million Dollar Contest | Regulated by the UK FCA | Open an FCA clearing account

Overall Rating 88.2
Under Regulation

Jufeng Bullion

More than 10 years | License of the Gold and Silver Exchange | New customers receive a bonus

Overall Rating 88.0

Real-Time Popular Commodities

Instrument Current Price Change

XAU

4318.34

-14.27

(-0.33%)

XAG

65.082

-0.380

(-0.58%)

CONC

55.89

-0.11

(-0.20%)

OILC

59.70

-0.02

(-0.04%)

USD

98.523

0.084

(0.08%)

EURUSD

1.1719

-0.0003

(-0.03%)

GBPUSD

1.3376

-0.0003

(-0.02%)

USDCNH

7.0370

0.0058

(0.08%)