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``` Huajian Morning Voice All listeners are advised to upgrade to the latest version of the Jianwen app to successfully listen to the following audio. Market Overview During the New Year’s holiday, financial markets in China, Japan, South Korea, Europe, the US, and other countries worldwide were closed. Top News

``` The Indian government's new tax on cigarettes has caused tobacco stocks in the country to plummet on Thursday, with industry leader ITC recording its biggest single-day decline in almost six years. The Indian Ministry of Finance announced late Wednesday that, starting February 1, a consumption tax of 2,

``` The People’s Bank of China has officially launched the historic transformation of the digital RMB from "cash-type 1.0" to "deposit money-type 2.0". This transformation, through the triad of institutional innovations—introducing an interest accrual mechanism, deposit insurance, and reserve management—upgrades the digital

The usage scale of the Federal Reserve’s Standing Repo Facility (SRF) hit an all-time high on the last trading day of 2025. The New York Fed’s SRF lent $74.6 billion to eligible financial institutions on Wednesday, far surpassing the previous record high of $50.35 billion set

2025 will see accelerated growth in the public fund market. While the ETF investment craze continues, multi-asset allocation has become another key trend. According to the CITIC Securities report, fluctuations and upward movement in the equity market have driven a rebound in active equity fund size, but the pace of

``` Hong Kong’s capital market will experience a comprehensive recovery in 2025, with total IPO fundraising exceeding HK$285.8 billion for the year, reclaiming the top spot among global exchanges, marking a significant resurgence in Hong Kong’s appeal as an international financial center. On December 30, six companies—

``` On Buffett’s last trading day in office, Berkshire Hathaway Class A shares slipped 0.1%, closing at $754,800; Class B shares fell 0.2%, closing at $502.65, marking a quiet end to this extraordinary era. On Wednesday, Warren Buffett concluded his six-decade tenure as CEO of Berkshire