February 18 Macroeconomic Index:Political and Economic Dynamics from a Global Perspective - From Hong Kong's Technological Transformation to the Challenges of the US-EU Alliance and the Closing of the International Security Conference

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Domestic News

1. Accelerating the development of the Northern Metropolis is key to Hong Kong's grasp of the opportunities of technological transformation

2. On February 15, 152 sets of new houses in Beijing were signed online, with an area of 12,000 square meters

3. The national "14th Five-Year Plan" major energy infrastructure project - the eastern section of the Sichuan-to-East Gas Transmission Second Line Natural Gas Pipeline Project has been comprehensively promoted

4. The Office of the Work Safety Committee of the State Council held a national video conference to deploy and promote the special rectification of hot work in densely populated places and potential safety hazards of building insulation materials

5. Recently, hard-core measures have been unveiled in various places, sending a positive signal to support the high-quality development of private enterprises

 International News

1. An oil pumping station in Russia was attacked, and the flow of oil from the CPC Pipeline fell

2. Senior Iranian and Saudi officials discuss bilateral economic cooperation

3. Foreign media: The first meeting between Europe and the Trump administration ended, and the US-EU alliance fell into crisis

4. The US aircraft carrier "Truman" arrived in Crete, Greece for maintenance and had previously collided with a merchant ship

5. The three-day 61st Munich Security Conference (MUAN) concluded

Domestic News

1. Accelerating the development of the Northern Metropolis is key to Hong Kong's grasp of the opportunities of technological transformation

Accelerating the development of the Northern Metropolis is key to Hong Kong's grasp of the opportunities of technological transformation. Hong Kong needs to accelerate the development of the Northern Metropolis to attract technology companies to Hong Kong and scale up their R&D or high-end manufacturing operations in Hong Kong. In the next few years, the HKSAR Government's construction expenditure will enter a peak period.

2. On February 15, 152 sets of new houses in Beijing were signed online, with an area of 12,000 square meters

On February 15, 152 new houses in Beijing were signed online, with an area of 12,000 square meters, including 85 residential houses with an area of 9,485.58 square meters, and 181 sets of second-hand houses with an area of 16,200 square meters, including 171 residential houses with an area of 15,600 square meters. Residential transactions are active.

3. The national "14th Five-Year Plan" major energy infrastructure project - the eastern section of the Sichuan-to-East Gas Transmission Second Line Natural Gas Pipeline Project has been comprehensively promoted

The construction of the eastern section of the Sichuan-to-East Gas Transmission Second Line Natural Gas Pipeline, a major energy infrastructure project in the 14th Five-Year Plan, has been comprehensively promoted. Up to now, 220 kilometers of welding has been completed from Weiyuan to Tongliang section of the western section of the project, with a comprehensive progress of more than 70%, and it is expected that the entire project of the second line of Sichuan-to-East Gas Transmission will be completed in 2027.

4. The Office of the Work Safety Committee of the State Council held a national video conference to deploy and promote the special rectification of hot work in densely populated places and potential safety hazards of building insulation materials

The Office of the Work Safety Committee of the State Council held a national video conference to deploy and promote the special rectification of hot work in densely populated places and potential safety hazards of building insulation materials. The meeting pointed out that in recent years, fires caused by hot work in densely populated places and building insulation materials have occurred frequently, resulting in major casualties and property losses, exposing outstanding problems such as the lack of effective supervision of construction fires, especially "small construction", and the lax use of insulation materials. It is necessary to strengthen source control, strengthen inspection and testing, and improve product quality; It is necessary to strengthen construction management, strictly hold certificates, strictly record construction, and strictly protect on-site; It is necessary to strengthen collaborative governance, strengthen departmental supervision, urge owners to self-examine, and mobilize public participation; It is necessary to strengthen the empowerment of science and technology and pay attention to the use of digital means; It is necessary to strengthen the guidance of standards and introduce relevant standards and systems in an orderly manner.

5. Recently, hard-core measures have been unveiled in various places, sending a positive signal to support the high-quality development of private enterprises

Recently, hard-core measures have been unveiled in various places, sending a positive signal to support the high-quality development of private enterprises. Under the continuous strengthening of policies, the indicators of private enterprises in industrial production, innovation and entrepreneurship, and business vitality have improved. Analysts believe that with the emergence of incremental policy effects, the confidence and expectations of enterprise development will gradually increase.

International News

1. An oil pumping station in Russia was attacked, and the flow of oil from the CPC Pipeline fell

On Monday, a drone attacked the Kropotkinskaya oil pumping station in the Krasnodar region of southern Russia, resulting in a reduction in oil flows in CPC, the CPC Caspian Oil Pipeline (CPC) said in a statement. The company said work on the Kropotkinskaya pumping station had been stopped and that it was working to determine the extent of the damage. CPC transports oil from the Tengiz field in Kazakhstan for export through the Russian port of Novorossiisk. In recent months, Ukraine has repeatedly attacked Russia's energy infrastructure with drones, including in the southern Krasnodar Territory.

2. Senior Iranian and Saudi officials discuss bilateral economic cooperation

Iranian Economy Minister Abdolnaser Hemmati and Saudi Finance Minister Mohammed Bin Abdullah al-Jadaan discussed ways to expand economic cooperation between the two countries during a high-level meeting on the global market economy held in Al Ula, Saudi Arabia on Sunday night local time, according to the Islamic Republic of Iran News Agency (IRNA). The two sides stressed the importance of developing trade and customs cooperation, bilateral investment, and avoiding double taxation. They also highlighted the facilitation of financial processes related to pilgrims in Iran.

3. Foreign media: The first meeting between Europe and the Trump administration ended, and the US-EU alliance fell into crisis

According to foreign media reports, at the end of the first meeting between Europe and the Trump administration, many key issues remained unresolved, but one thing was clear: an epoch-making rift seemed to have appeared in the Western alliance. After three years of war, a new unity has forged within NATO, and the Trump administration has made it clear that it plans to focus its attention on Asia, Latin America, the Arctic, and wherever President Trump believes the United States has access to critical mineral rights. European officials said after a meeting with the US Secretary of Defense that tens of thousands of US troops are expected to be withdrawn from Europe, and the only question is how many and how quickly they will be withdrawn. They fear that in one-on-one negotiations with Russian President Vladimir Putin, Trump may agree to terms that could eventually give Moscow a fifth of Ukraine and occupy the rest in a few years. Putin's ultimate goal, they argued, was to split NATO.

4. The US aircraft carrier "Truman" arrived in Crete, Greece for maintenance and had previously collided with a merchant ship

On February 16, local time, the US aircraft carrier "Harry S. Truman" arrived in Crete, Greece for maintenance. On February 13, Eastern time, the U.S. Navy issued a statement saying that the U.S. Nimitz-class aircraft carrier "Harry S. Truman" collided with the merchant ship "Besiktas-M" while operating near Port Said, Egypt in the Mediterranean region on the evening of the 12th. The collision did not put the aircraft carrier in an emergency condition, and there were no reports of water ingress into the cabin or injuries to personnel.

5. The three-day 61st Munich Security Conference (MUAN) concluded

The three-day 61st Munich Security Conference (MUAN) concluded. During the meeting, the differences between the United States and Europe on a number of issues aroused the attention of all parties. Heusgen, the President of the MUAN, said the message was clear: "Europe is not optional". In his statement, he stressed the need for norms and principles based on the Charter of the United Nations and the Universal Declaration of Human Rights in a more multipolar world.

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