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14/01/2026
Longqi Technology applies for a Hong Kong IPO.
Latest
3 m ago
The American Teachers' Association announced their withdrawal from Elon Musk's social platform, X.
3 m ago
Guo Jin Securities: Space Photovoltaic will be the strongest main theme of the new energy sector in 2026.
4 m ago
CICC: Inflation is moderate, but the Federal Reserve will not cut interest rates in January.
4 m ago
The Zhongjin research report stated that there is a viewpoint recently that believes the renminbi exchange rate is significantly undervalued, one of the arguments being that the price of McDonald's hamburgers in China is much lower than in the United States. The seemingly simple argument is based on the theory of Purchasing Power Parity, which states that the prices of homogenous goods in different countries, when converted through exchange rates, should be equal. However, this mode of thinking deviates significantly from reality, with three main flaws. First, the so-called law of one price only applies to tradable goods and not non-tradable goods. Second, even for tradable goods, the conditions for the law of one price to hold are very strict and difficult to meet in reality. Third, and most importantly, focusing on commodity prices in the context of global foreign exchange trading, which far exceeds the volume of international trade, does not align well with reality when considering exchange rates.
6 m ago
Zou Lan, Deputy Governor of the People's Bank of China: Accelerate financial technology innovation to empower and solidly implement the "five major articles" strategy in finance.
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