1 trillion yuan in five years! Bank Of China has launched a comprehensive financial support program for AI.

Bank Of China plans to provide a total of no less than 1 trillion yuan in specialized comprehensive financial support for various entities across the entire Industry Chain of AI within the next five years, including a combined total of no less than 300 billion yuan for stocks and bonds.

wallstreetcnJan 23 19:05 ET

Despite the decline in coal prices, the ability to generate revenue remains strong for China Shenhua Energy, which earned over 0.15 billion per day last year.| Interpretations

① Despite the decline in coal prices, "Coal King" China Shenhua Energy's ability to generate revenue remains strong, with an estimated Net income of 57 billion yuan to 60 billion yuan last year; ② Its revenue generation capacity surpasses Contemporary Amperex Technology (49 billion yuan - -53 billion yuan), second only to Kweichow Moutai (85.7 billion yuan).

cls.cnJan 23 10:38 ET

The decline in Coal prices has dragged down China Shenhua Energy's expected Net income for 2024, which is estimated to decrease by 4.5% to an increase of 0.5% | Earnings Reports insights.

China Shenhua Energy stated that the group is actively responding to adverse effects such as the decline in Coal prices, maintaining stable and high production of Coal, ensuring smooth Transportation via major road and port channels, achieving integrated and efficient Operation, and meeting annual goals for Coal production and sales, as well as power generation Indicators.

wallstreetcnJan 23 08:00 ET

The direction has been set! Local "two sessions" are hotly discussing new energy vehicles and the low-altitude economy. The entire Industry Chain is pressing the "accelerator button" to improve quality and efficiency.

According to preliminary statistics from the Financial Associated Press, over half of the provinces in the 2025 government work reports across 31 provinces clearly mentioned the New energy Fund industry; nearly 10 provinces referred to the low-altitude economy. Seven provinces have set targets for the production volume, output value, and construction of Charging Stations for New energy Fund vehicles.

cls.cnJan 21 22:30 ET

Eight leading insurance companies are expected to see premiums increase by over 5% in 2024, with Ping An continuing to hold the top position in the industry.

Several listed insurance companies have submitted their "report cards" for 2024. As of January 20, eight companies including Ping An, PICC, China Life, Taiping, and Xinhua...

wallstreetcnJan 21 20:50 ET

Subsidy details for "trade-in for new" are being introduced in multiple regions. Institutions: leading car companies may further increase market concentration.

On January 20, Henan, Heilongjiang, Shaanxi, and Guangxi provinces announced the comprehensive launch of the "trade-in" subsidy activities. According to incomplete statistics from reporters, as of January 20, more than 20 provinces, including Guangdong, Anhui, SiChuan, Jiangxi, and Hainan, have introduced subsidy details for the "trade-in" program for consumer goods in 2025 or related policies that span multiple years.

cls.cnJan 21 01:49 ET