Gate News message: According to the official announcement, the Gate TradFi Stock Trading Zone has launched 15 stock CFD pairs for Tencent, Meituan, Xiaomi, Kuaishou, AIA Insurance, Geely Automobile, Zhipu, MINIMAX, Xunce, Lenovo, Kangfang Bio, CITIC Shares, Rongchuang China, China Biopharmaceutical, Anta Sports, all of which support 4x fixed leverage, with a minimum order quantity of 0.1. In addition, the Gate TradFi FX Trading Zone has launched 6 foreign-exchange CFD pairs: EUR/Hungarian Forint, USD/Hungarian Forint, USD/Indonesian Rupiah, USD/Indian Rupee, USD/Thai Baht, and USD/New Taiwan Dollar. All pairs support 20x fixed leverage, with a minimum order quantity of 0.01.

Gate News message: On April 2, the People’s Bank of China added CITIC Bank, China Everbright Bank, Huaxia Bank, China Minsheng Bank, Guangfa Bank, Pudong Development Bank, Zheshang Bank, Ningbo Bank, Jiangsu Bank, Beijing Bank, Nanjing Bank, and Suzhou Bank as bank-type digital RMB business operating institutions, and they have been connected to the People’s Bank of China’s digital RMB system. After the newly added institutions complete business and technical preparations, they will carry out digital RMB business.

ChainCatcher reports that according to Jinshi, CITIC Securities' research report states that no further interest rate cuts are expected during Powell's term. The institution believes that after Waller becomes Federal Reserve Chair, the benchmark rate will be cut 1 to 2 times in the second half of the year, each by 25 basis points. Waller will not significantly cut rates as Trump requested, and will still base decisions primarily on economic fundamentals, while paying attention to inflation risks, but he is not an outright hawk.

ChainCatcher News, according to Jinshi reports, CITIC Securities research reports point out that although Wosh mentioned multiple times in 2025 the policy directions of interest rate cuts and balance sheet reduction, considering that liquidity pressure in the U.S. money market eased in January, the current reserve requirement as a percentage of GDP remains around 10%, and the Federal Reserve's asset holdings as a percentage of GDP are about 20%, close to pre-pandemic levels. Therefore, overall, the current U.S. financial market environment does not support balance sheet reduction.

CITIC Securities believes that the ETF redemption wave has basically ended, the large-cap stock recovery window has opened, and the style is shifting from small-cap to large-cap. Wosh's nomination as Federal Reserve Chair reflects a policy shift in the United States, which may impact global risk assets. Focus on allocation in industries with competitive advantages, while remaining cautious about precious metals. The recovery of consumer and real estate chains is expected to occur in spring.

PANews December 28 News, according to Jintiao reports, as the prices of precious metals such as silver continue to soar, some analysts warn that precious metal prices are on the "edge of a cliff," and the risk of a correction is accumulating. Kepler Macro analysts wrote in their report: "Precious metal prices have risen to levels that we find difficult to explain with fundamentals." They expect that as the frenzy for gold subsides, silver prices may fall back to about $42 by the end of next year. UBS warned that the rapid rise in precious metal prices is largely due to insufficient market liquidity — which means a quick pullback is very likely. UBS emphasized that the short-term risks in precious metal trading have clearly increased, given that gold prices have hit new highs, the risk of short-term investors taking profits is also significant. The thin liquidity at year-end "may exacerbate price volatility," making short-term trends harder to interpret. Wang Yanqing, Chief Analyst of Precious Metals at CITIC Construction Investment Futures, stated,

ChainCatcher News, according to Jintou reports, CITIC Securities research reports predict that the Federal Reserve will pause interest rate cuts in January, with a total of 25 basis points of easing remaining across the two remaining Fed meetings with Powell as chairman. If Haskett becomes the new Fed Chair, there is still potential for rate cuts in the second half of next year; if a candidate other than Haskett takes over as Fed Chair, a pause in rate cuts may occur in the second half of next year.

According to a report by Jinse Finance, CITIC Securities released a research report stating that the explanatory power of marginal demand on gold pricing has increased. Returning to traditional supply and demand logic, due to relatively stable gold supply, with annual production basically maintained at around 3600 tons, the true pricing variable for gold lies in demand, especially marginal demand. Gold demand mainly includes three parts: private sector consumption demand, private sector investment demand, and official gold purchasing demand. In the past, marginal demand for gold was mainly contributed by ETF demand from Europe and the United States (private sector investment demand in Europe and the United States, mainly from overseas institutional investors), and its demand or investment framework mainly depended on the real interest rate of U.S. Treasury bonds. Private sector investment demand in Europe and the United States (such as ETF demand) still shows a strong correlation with the real interest rate of U.S. Treasury bonds. As U.S. inflation recedes and labor market resilience declines, expectations for Fed interest rate cuts in the second half of the year are rising, leading to a decline in nominal and real interest rates driven by the onset of rate cuts.

CITIC Securities research report pointed out that New York Fed President Williams hinted at the possibility of a rate cut in December, with market expectations for a rate cut probability rising to 70%. The Fed has entered a blackout period, and Powell lacks public statements, with a rate cut expected to be 25bps. The market will focus on issues such as AI companies issuing bonds and the trends in Crypto Assets.

CITIC Securities pointed out that the decline of the US stock market on November 20 was mainly driven by macro factors rather than a collapse of the AI bubble. Profit-taking and the Fed's hawkish statements triggered a pullback, and the market may focus on Trump's nomination of a new Fed chairman in the future. At the same time, the fundamentals of the AI zone are solid, and the possibility of a bubble burst in the short term is low.