Alphabet(US:GOOGL) 和讯·2026-02-08 08:20Macro and Financial - China's foreign exchange reserves increased for the sixth consecutive month, reaching $339.91 billion by the end of January 2026, up by $41.2 billion or 1.23% from December 2025. Gold reserves also rose for 15 months, totaling 7.419 million ounces, with a month-on-month increase of 40,000 ounces [2] - The State Council is exploring policies to promote effective investment, focusing on major projects in infrastructure, urban renewal, public services, and emerging industries [3] - The People's Bank of China and eight other departments reiterated the ban on virtual currency activities, classifying them as illegal financial activities within the country [4] - A new document was released to cultivate data circulation service institutions, aiming to enhance the marketization and value of data elements [5] Capital Market - The China Securities Regulatory Commission (CSRC) announced strict regulations on the issuance of asset-backed securities tokens based on domestic assets overseas [10] - The domestic ETF market has become the largest in Asia, with a market size of approximately $860 billion by the end of 2025, surpassing Japan. The net inflow of funds into ETFs exceeded 1.16 trillion yuan, with bond ETFs attracting 552.7 billion yuan [11] - A joint effort by five departments targets illegal "agent rights protection" activities on social media platforms, particularly in short videos and live streaming [12] - Gold and silver prices have shown significant volatility, deviating from stability, with major mining companies experiencing drastic stock price changes [13][14] - The European Commission has initiated an investigation into Chinese company Goldwind Technology under the Foreign Subsidies Regulation, raising concerns about trade barriers [15][16] Business and Industry - The Ministry of Commerce is developing a "1+N" policy system to foster new growth points in service consumption, with specific support policies for various sectors [20] - Nationwide implementation of direct payment of maternity allowances to individuals has been achieved, with efforts to include more workers in the maternity insurance coverage [21] - Hainan province is launching a "zero tariff" policy for daily consumer goods, with the first five duty-free stores set to open [22] - Kuaishou has been fined 119 million yuan for issues related to inappropriate content on its platform and has committed to rectifying the situation [23] - Elon Musk emphasized the importance of energy production and capacity over traditional currency in future economic frameworks [24] - China's commercial space sector is expected to enter a phase of high-frequency launches by 2026, following successful tests of reusable spacecraft technology [24] - Nvidia's CEO expressed optimism about AI development, indicating that demand for AI infrastructure will remain strong in the coming years [25]