GuShiio.com ① Central Bank: Select the opportunity to adjust and optimize the intensity and pace of policies ② “Nezha 2” box office breaks 10 billion yuan ③ Trump signs an order to implement reciprocal tariff actions ④ Hongmeng Zhixing official announcement that the Zunjie technology conference is scheduled to be held on February 20 ③ China Telecom: 62.7% of the restricted shares will be lifted soon.
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macro news
1. The central bank released the implementation report on China’s monetary policy for the fourth quarter of 2024. The report stated that multiple monetary policy tools should be comprehensively used to maintain sufficient liquidity and match the growth of social financing scale and money supply with the expected goals of economic growth and overall price levels. The report also stated that countercyclical adjustment should be strengthened and policy intensity and rhythm should be adjusted and optimized based on the domestic and international economic and financial situation and financial market operation conditions.
2. On February 13, the spokesperson of the Ministry of Commerce pointed out in response to the U.S. tariff increase of 25% on steel and aluminum imports that the WTO expert group ruled that the U.S. 232 tariff measure violated WTO rules as early as 2022, but the United States Not only retained the original 232 steel and aluminum tariffs, but also further increased tariffs on aluminum products, seriously damaging the rights and interests of all countries, seriously undermining the rules-based multilateral trading system, and impacting the global supply chain. China urges the United States to abandon zero-sum thinking, correct wrong practices, return to the right track of the multilateral trading system, and work with other countries to resolve their respective concerns through equal consultations.
3. Foreign Ministry Spokesperson Guo Jiakun held a regular press conference on February 13. The reporter asked that U.S. President Trump said that he had spoken with Russian President Vladimir Putin and agreed to negotiate to end the Russia-Ukraine conflict. Guo Jiakun said that China is pleased to see Russia and the United States strengthen communication and dialogue on a series of international issues. Regarding the Ukraine crisis, Guo Jiakun emphasized that China has always believed that dialogue and negotiation are the only feasible way to resolve the crisis and has always insisted on promoting peace and talks.
4. Data recently released by the central bank showed that as of the end of 2024, the total assets of the monetary authorities were 44.1 trillion yuan, a decrease of 1.6431 billion yuan from the end of the previous year. The contraction in scale has attracted market attention. In this regard, many experts believe that the central bank’s “shrinking balance sheet” is mainly due to the fact that innovative monetary policy tools such as treasury bond trading and buyout reverse repo are gradually replacing traditional monetary policy tools, and does not mean that monetary policy is tightening.
5. Russian Presidential Press Secretary Peskov said that Putin and Trump have instructed the working team to start preparations for the meeting between the two sides, and the time and place of the meeting between the two sides will be announced after progress is made in future work.
industry news
1. According to online platform data, the total box office (including pre-sales) of the movie “Nezha: The Devil Boy Raises in the Sea” has reached 10 billion yuan, making it the first movie in the history of China’s film industry to reach 10 billion yuan. Box office forecast data for Cat’s Eye Professional shows that the total box office of “Nezha 2” is forecast to exceed 16 billion yuan.
2. In response to the 25% tariff imposed by the United States on imported steel and aluminum, China Iron and Steel Industry Association said yesterday that it firmly opposes raising tariffs. This behavior is not conducive to healthy and fair trade and market competition. It is actually a kind of trade protectionism.
3. At the World Governments Summit 2025 Summit held in Dubai, United Arab Emirates, Cai Chongxin, co-founder and chairman of the board of directors of Alibaba, confirmed the cooperation between Alibaba and Apple. Cai Chongxin said that Apple chose Ali as its localization partner in China to serve its mobile phones.
4. Hongmeng Zhixing official announcement and Zunjie technology conference is scheduled to be held on February 20. On the same day, Huawei also exposed the Zunjie S800 “Lingbo Microstep” technical video for the first time.
5. The Shanghai City Development and Reform Commission announced that Shanghai has formulated a number of incremental policies to respond to the uncertainty of changes in the external environment with the effectiveness of policy measures. The policy measures mainly include eight aspects. It proposes to fully implement the new round of national and city car trade-in subsidy policies, continue to implement the policy of free application for new energy vehicle license quotas until the end of 2025, and vigorously promote automobile renewal consumption.
6. Nissan will cut 2500 indirect employees around the world, cut 20% of senior management positions, cut global production capacity by 20% before fiscal year 2026, and cut costs by approximately 40 billion yen in fiscal year 2026.
7. Recently, it has been reported that the People’s Court of Tianhe District, Guangzhou City, issued a first-instance judgment on a fatal case of intelligent driving rear-end collision, clarifying for the first time the proportion of responsibilities between car companies and users in intelligent driving accidents. On February 13, a staff member of the People’s Court of Tianhe District, Guangzhou City, told reporters that the online report was not true. The People’s Court of Tianhe District had not accepted relevant autonomous driving cases, nor had it handled similar cases.
company news
1. Huayou Cobalt announced that its controlling shareholder plans to increase its stake in the company by 300 million yuan to 600 million yuan.
2. China Telecom announced that the lock-up period for restricted shares, accounting for 62.7% of the company’s total share capital, expired on February 20 and was listed and circulated.
3. Senba Sensing announced that Shan Forest, the actual controller and chairman, released the detention.
4. Qingyun Technology announced that shareholders Jiaxing Lanchi and Tianjin Lanchi have collectively reduced their holdings of the company’s shares by 2%.
5. Sichuan Chengyu announced that it would terminate the issuance of shares and the payment of cash to purchase assets.
6. Cai Huijia, general manager and CEO of Jinghe Integration, resigned due to personal reasons. Cai Guozhi, the current chairman of the company, will serve as the CEO.
7. CSG A announced that it plans to repurchase A-shares from 243 million yuan to 485 million yuan.
8. Abbot announced that some network security products have been connected to the DeepSeek series of large models, and related business income accounts for a very small proportion of operating income.
9. Cube Digital announced that the company has not involved and has not formed product/technology sales revenue within the scope of DeepSeek’s hot concept.
10. Tiancheng Controls announced that it has signed a strategic cooperation agreement with Guangdong Gaoyu to carry out strategic cooperation around eVTOL and other aspects.
11. Hangzhou Steel announced that the computing power business accounts for a very small proportion and does not involve the research and development of core computing power technologies.
12. Dongfang Materials announced that the operating income of computing power business in 2024 will not exceed 10% of the total revenue of the total main business.
13. DreamNet Technology announced that the company has nothing to do with core technologies such as the development and application of the DeepSeek system.
14. Light Media announced that the film “Nezha: The Devil Boy Raises in the Sea” produced and distributed is currently in full swing.
15. Zhewen Internet announced that the company has carried out localized deployment of DeepSeek, but has not signed a service cooperation agreement.
global market
1. U.S. stocks opened higher and closed higher, and the three major indices collectively closed higher. The Nasdaq rose 1.5%, the S & P 500 rose 1.04%, and the Dow rose 0.77%. Intel rose more than 7%, continuing to hit a new close since December last year. Meta rose slightly, recording 19 consecutive gains on the daily line. Its share price continued to hit a new high, with a total market value of US$1.85 trillion. Popular Chinese stocks were mixed, with the Nasdaq China Golden Dragon Index closing up 1.2%. Most European stocks rose, with Germany’s DAX30 index closing up 2.09%, continuing to hit a record closing high.
2. U.S. President Trump signed an order to implement reciprocal tariff actions, or it will be implemented on April 2.
3. The settlement price of international crude oil futures closed down slightly. WTI crude oil futures fell 0.11% in March, while Brent crude oil futures fell 0.21% in April.
4. COMEX gold futures rose 0.99%, and COMEX silver futures rose 0.76%.
Investment opportunity reference
1. This big model is about to be released, and the industry is ushering in important opportunities for intelligent upgrades
Huawei’s Data Storage Public Account released information stating that it will release a Ruijin pathology model based on Huawei’s DCS AI solution. According to reports, the model will be released at the “2025 Medical Artificial Intelligence and Precision Diagnosis and Treatment Development Forum” held on February 18.
Pathological diagnosis is a diagnosis method based on image information and is known as the “gold standard” for disease diagnosis. At present, the development of my country’s pathology industry is faced with the characteristics of lack of pathologists, uneven distribution, and long culture cycles. “Automation, standardization, digitalization, and intelligence” have become an inevitable trend in the development of pathology. Jianghai Securities pointed out that the breakthrough development of AI is promoting the leap of medical diagnosis and treatment from traditional empirical medicine to data-driven precision medicine. Under the guidance of the “Healthy China 2030” strategy, the medical industry is ushering in important opportunities for intelligent upgrades.
2. The Byte Bean Bag Big Model team proposed a sparse model architecture, which can reduce reasoning costs by up to 83%
The Byte Bean Bag Big Model team proposed a sparse model architecture, which improves the reasoning speed by 2-6 times compared with the MoE architecture, and reduces the reasoning cost by up to 83%. In addition, according to the official announcement of the beanbag model team, the video generation experimental model “VideoWorld” was released. Unlike mainstream multimodal models such as Sora, DALL-E, and Midjourney, VideoWorld is the first time in the industry that it can recognize the world without relying on language models.
As a general video generation experimental model, VideoWorld removes the language model and achieves unified execution of understanding and reasoning tasks. This purely visual model can “predict” the future and “understand” causality. The computer team of Minsheng Securities believes that the release of “VideoWorld”, a large open source video model of bean bun, will make video generation a common knowledge learning method and act as an “artificial brain” in the real world, which is expected to activate the “visual market” to open up room for growth.
3. The full-blood version of DeepSeek V3/R1 launches Huawei Cloud. Institutions say AI model iteration is expected to accelerate
According to Huawei Cloud WeChat information, the full-blood version of DeepSeek V3/R1 has been launched on Huawei Cloud. DeepSeek V3/R1 671B flagship model (full blood version) usually requires high-end GPUs for reasoning. Now, based on the full-stack optimization and adaptation of Huawei Cloud Tengteng Cloud Services, it can achieve the same effect as the global high-end GPU deployment model and provide stable, Production-level service capabilities to meet business commercial deployment needs. Huawei Cloud Shengteng Cloud service can provide surging, flexible, and sufficient AI computing power, and supports code-free, one-click deployment of the flagship model.
Shanghai Securities believes that the in-depth cooperation and nesting between IT companies and DeepSeek will have a significant positive boost to the model’s promotion of cloud service experience. At the same time, the widespread application of open source strategies brought by DeepSeek has changed the business model of closed-source giants, and traditional developers The collaborative approach has changed, and AI model iteration is expected to accelerate.
4. Xiaopeng Automobile will launch MONA M03 MAX in May, equipped with the industry’s top autonomous driving technology
According to media reports, the nano-AI search “Hundred Vehicles Action” was held in Beijing. He Xiaopeng, chairman of Xiaopeng Motors, said that he would make a top smart driving product worth US$20,000. Xiaopeng Automobile will launch MONA M03 MAX, the top-of-the-line version of MONA in May this year,”equipped with the industry’s top autonomous driving technology.” MONA’s name comes from “made of new AI”. He believes that in the next 10 years, the penetration rate of high-end intelligent driving will increase from 2% to 50%, or even 80%-90%.
Minsheng Securities said that end-to-end technology promotes the leap in smart driving capabilities, with equal rights in smart driving as the core line. Car companies represented by Xiaopeng and Huawei have continued to iterate and promote smart driving since 2024. Xiaopeng launched the first mass production of an “end-to-end” large model in China. In addition, various manufacturers are actively promoting the popularization and promotion of smart driving, and the era of smart driving has arrived. Looking forward to 2025, the advancement of smart driving technology is expected to lower the threshold of smart driving hardware and apply smart driving in mainstream markets within 200,000. Car companies led by Xiaopeng and BYD are expected to form differentiated advantages in 2025 through affordable and intelligent development., and get an increase in sales.
