GuShiio.com ① National Ordinary Session: Research and launch a number of new opening measures in the fields of telecommunications, education, culture, medical care, finance, etc.;
② Foreign financial institutions are optimistic about China’s innovation breakthroughs;
③ Xiaomi, Xiaopeng, Wei Lai, etc. announced their entry into the “humanoid robot” track;
④ China Securities Regulatory Commission: New characteristics have emerged in manipulation cases, with the increase in the number of deceptive manipulation of “compiling themes and telling stories”;
③ The biggest theft of cryptocurrency: $1.5 billion in ether was stolen.
Financial News Agency, February 23, important information that may affect the market this weekend includes: In terms of macro news, the National Standing Committee: studying and launching a number of new opening measures in the fields of telecommunications, education, culture, medical care, finance, etc.; Foreign financial institutions are optimistic about China’s innovation breakthroughs; in terms of industry news, Xiaomi, Xiaopeng, and Neo announced their entry into the “humanoid robot” track; surveys show that South Korea’s semiconductor technology lags behind China; in terms of market news, the China Securities Regulatory Commission: New characteristics have emerged in manipulation cases, with an increase in the number of bewitching manipulation of “compiling themes and telling stories”; the largest theft of cryptocurrency: US$1.5 billion in ether was stolen; in terms of company news, Step Star will open source graphic video models in March; Yushu Technology unveiled two robots at the 2025GDC.
macro news
National Ordinary Session: Study and launch a number of new opening-up measures in the fields of telecommunications, education, culture, medical care, finance, etc.
Premier Li Qiang chaired an executive meeting of the State Council on Friday to study work related to trade in services and service consumption. The meeting pointed out that developing service trade and service consumption is an important starting point for stabilizing foreign trade and expanding domestic demand. Efforts should be made to innovate and improve trade in services, fully implement the negative list of cross-border trade in services, proactively align with international high-standard economic and trade rules, and study and launch a number of new opening measures in the fields of telecommunications, education, culture, medical care, finance, etc. Actively promote service exports and enhance the international market development and international service capabilities of my country’s service companies. Create a number of comprehensive reform and opening up platforms for trade in services and expand multilateral, bilateral and regional cooperation in trade in services and digital trade. It is necessary to promote the high-quality development of service consumption, implement actions to improve the quality of service consumption and benefit the people, support innovation of service consumption scenarios, integration of business formats, and industrial agglomeration, and improve standards in cultural tourism, catering and accommodation, elderly care, and digital consumption. Through the methods of “opening up to the outside world” and “opening up internally”, we will comprehensively use fiscal, taxation, financial and other policies, make full use of market forces, further increase the supply of high-quality services, and better meet the people’s diversified service consumption needs.
He Lifeng held a video call with U.S. Treasury Secretary Bessent to exchange in-depth views on important issues in the Sino-US economic field
He Lifeng, the Chinese leader of Sino-US economic and trade and Vice Premier of the State Council, held a video call with U.S. Treasury Secretary Bessant at the request. The two sides exchanged in-depth views on important issues in the Sino-US economic field around the implementation of the consensus reached by the heads of state of China and the United States. Both sides agree on the importance of China-US economic and trade relations, and both sides agree to continue to maintain communication on issues of mutual concern. China expresses serious concern about the recent U.S. tariff increase and other restrictive measures on China.
China Securities Regulatory Commission: Give better play to the role of the capital market platform and provide stronger capital market support for private enterprises to become better and stronger
On February 17, Wu Qing, Secretary of the Party Committee and Chairman of the China Securities Regulatory Commission, presided over the Party Committee to convey and study the spirit of General Secretary Xi Jinping’s important speech at the private enterprise symposium, and to study and implement the deployment. The meeting pointed out that the capital market is an important platform for promoting the development and growth of the private economy. Currently, nearly two-thirds of the listed companies in A-shares are private enterprises. About 80% of the companies in the Science and Technology Innovation Board, GEM, and Beijing Stock Exchange are private enterprises, and about 90% of the new board are private enterprises. Private enterprises account for about 70% of the total market. The China Securities Regulatory Commission system must thoroughly study and understand the spirit of General Secretary Xi Jinping’s important speech, effectively unify thoughts and actions with the Party Central Committee’s decisions and arrangements on promoting the development of the private economy, deeply understand that the private economy is an important foundation for the high-quality development of the capital market, and promote the private economy. Integrate economic development with doing a good job in the capital market, adhere to the “two unwavering principles”, better play the role of the capital market platform, and provide stronger capital market support for private enterprises to become better and stronger.
Foreign financial institutions are optimistic about China’s innovation breakthroughs
CCTV’s “News Network” reported yesterday that many foreign-funded institutions believe that China continues to achieve breakthroughs in the field of scientific and technological innovation and is building a more complete industrial chain, which will continue to enhance China’s international competitiveness. Morgan Stanley recently upgraded the rating of the Mingsheng China Index and believes that China companies have demonstrated strong competitiveness in the field of artificial intelligence. Supported by a number of latest technological breakthroughs, technology-intensive companies are expected to achieve both profit margins and yields growth. The research report published by Goldman Sachs is optimistic about China’s development prospects in the fields of data,”cloud services”, and software and applications. The research report of the Lubemai Fund believes that China’s long-term innovation capabilities will bring more scientific and technological innovation results and continuously increase investment opportunities. In addition, foreign financial institutions have also increased the frequency of surveys on China companies. Foreign institutions such as Abu Dhabi Investment Authority, HSBC, Schroeder, Deutsche Bank, and BNP Paribas have appeared on the survey list of A-share listed companies many times recently, covering many industries such as electric vehicles, consumption, and home appliances.
China responds that the United States will restrict two-way investment with China: it will take necessary measures to defend its legitimate rights and interests
On February 21, U.S. Eastern Time, the White House website released a “America First” investment policy memorandum, announcing that it would adjust U.S. investment policies and focus on further restricting two-way investment with China. In this regard, the Ministry of Commerce stated that China has taken note of the relevant situation. The US approach generalizes the concept of national security, is discriminatory, and is a typical non-market approach that seriously affects the normal economic and trade cooperation between enterprises of the two countries. China urges the United States to abide by international investment and trade rules, respect the laws of the market economy, and stop politicizing and weaponizing economic and trade issues. China will pay close attention to the United States ‘movements and take necessary measures to defend its legitimate rights and interests.
The United States responds to China’s announcement of proposed restrictions in maritime, logistics, shipbuilding and other fields
On February 21, U.S. Eastern Time, the Office of the U.S. Trade Representative announced that it would solicit public opinions on the restrictive measures it had taken on China’s maritime, logistics, shipbuilding and other fields. The Ministry of Commerce stated that since March 2024, China and the United States have conducted multiple rounds of communication on U.S. investigations into China’s maritime, logistics and shipbuilding industries. China has repeatedly stated its views on the 301 investigation and provided China’s position non-documents, demanding that the United States return to rationality and objectivity and stop blaming China for domestic industrial development issues in the United States. But unfortunately, the United States still insists on its own path and is going further and further down the wrong path. China urges the United States to respect facts and multilateral rules and stop wrong practices. China will pay close attention to the United States ‘movements and take necessary measures to defend its legitimate rights and interests.
Trump asks drugmakers to move production to the United States or face tariffs
According to two people familiar with the matter, U.S. President Donald Trump warned drugmakers at a private meeting that tariffs are coming and said companies should move overseas production to the United States as soon as possible. Trump has also made no commitment to pushing Congress to weaken the drug pricing plan established during the Biden era, which the pharmaceutical industry has been seeking to relax. Trump met with pharmaceutical company executives at the White House on Thursday, including Lilly CEO David Ricks, Merck CEO Robert Davis, Pfizer CEO Albert Bourla and Stephen Ubl, head of the industry’s largest lobbying group. The executives had hoped to persuade Trump to support scaling back a law that would allow the federal government to negotiate the prices of certain drugs and support policies to curb middlemen. People familiar with the matter said Trump made no commitment to do so. Trump expressed concern that adjusting drug pricing policies could further complicate Republican efforts to pass tax reform.
White House: Trump is confident of completing Russia-Ukraine conflict negotiations this week
U.S. White House Press Secretary Carolyn Levitt said on the 22nd local time that U.S. President Trump and his team are focused on continuing negotiations with Russia and Ukraine to end the Russia-Ukraine conflict. Trump is confident that he can complete the negotiations this week.
British Foreign Secretary: Will impose the largest sanctions on Russia since conflict
British Foreign Secretary Lamy issued a statement on the 23rd local time, saying that the UK will announce the largest package of sanctions against Russia since the outbreak of the Russia-Ukraine conflict on the 24th. In his statement, Lamy reiterated Britain’s support for Ukraine, including a commitment to provide approximately US$3.78 billion in military support to Ukraine every year, and was “prepared to send British troops as part of the peacekeeping force if necessary.”
Li Zhong, Vice Minister of the Ministry of Human Resources and Social Security: Actively study and improve policies and measures such as lowering thresholds and providing insurance subsidies to include employees in new business formats in social security
Li Zhong, Vice Minister of the Ministry of Human Resources and Social Security, said at the 11th National social protection Academic Conference on the afternoon of the 22nd that at present, some migrant workers, flexible employees, and employees in new business formats are difficult to directly participate in the traditional unit-based social insurance system due to unclear labor relations, flexible working methods, unstable income and other reasons. The problems of “leaking through the net”,”getting off the net” and “breaking off the net” are more prominent, and they are unable to participate, unwilling to participate, and inconvenient to coexist, becoming the focus of rights and interests protection. It is necessary to actively study and improve relevant policies and measures such as lowering thresholds and providing insurance subsidies to include them in social insurance coverage as much as possible.
industry news
Chen Jie, Vice Mayor of Shanghai: Accelerate the large-scale application of artificial intelligence in the vertical field, focus on smart terminals, autonomous driving and other scenarios
At the 2025 Global Developer Pioneers Conference, Chen Jie, deputy mayor of Shanghai City, said that Shanghai will accelerate the large-scale application of artificial intelligence in the vertical field, focusing on “5+6” vertical applications such as smart terminals, AI for Science, and autonomous driving. In the field of applications, we will deepen cooperation among chip, basic model computing, and software manufacturers, accelerate the implementation of molding and generation projects, and form a number of replicable and promoted application scenarios.
Shenzhen: A special policy for humanoid robots will be released in the near future, arranging special projects for artificial intelligence and robots among the city’s major science and technology projects
The Shenzhen Municipal Government Information Office held a press conference on the theme of “Creating the Best Scientific and Technological Innovation Ecosystem and Talent Development Environment” on February 23. Lin Yi, director of the Municipal Artificial Intelligence Industry Office, said at the meeting that Shenzhen has a solid foundation in the field of artificial intelligence and robotics and has a promising future. In the next step, we will continue to work hard in four aspects: policy, scenario, innovation, and robots. In addition, we will also release a special policy on humanoid robots in the near future to provide precise support for opening application scenarios, breaking through key technologies, building dedicated data sets, and improving large-scale manufacturing and application capabilities through methods such as “unveiling the list and taking charge”. At the same time, artificial intelligence and robot projects will be arranged in the city’s major science and technology projects, and industry, learning, research and application will be encouraged to form an innovation consortium to carry out collaborative research.
Xiaomi, Xiaopeng, Neilai and others announced that they have entered the “humanoid robot” track. 18 car companies around the world have connected to the humanoid robot track
Several automobile industry chain companies such as Xiaomi, Xiaopeng, and NIO have announced their entry into the “humanoid robot” track. “We are currently promoting the phased implementation of CyberOne on our own manufacturing line.” Xiaomi’s robot team announced progress in humanoid robots. CyberOne is officially defined as a “size humanoid bionic robot” that supports a variety of scenarios such as home care and companionship. “100% I can make a humanoid robot, but the rhythm is not the present.” Ideal Car released the news of making a humanoid robot. He Xiaopeng previously revealed that the AI robot Xiaopeng Iron will be equipped with multiple self-developed chips to support end-to-end large models, with 15 degrees of freedom of movement and mimicry hands that support touch feedback. It is reported that NIO Automobile has formed a team of about 20 people to investigate the robot dog project. According to incomplete statistics, 18 car companies around the world have connected to humanoid robot tracks.
Survey shows: South Korea’s semiconductor technology lags behind China
Yonhap News Agency reported on the 23rd that as of last year, South Korea’s semiconductor technology lags behind China in almost all key areas. According to a survey of 39 local experts conducted by the Korea Science and Technology Planning and Evaluation Institute, South Korea ranks second in terms of highly integrated, low-impedance memory technology with a score of 90.9%, while China has a score of 94.1%. The benchmark for the world’s highest technical level is 100%. In the field of high-performance, low-power artificial intelligence (AI) semiconductors, South Korea scored 84.1%, lagging behind China’s 88.3%. In terms of power semiconductors, South Korea has 67.5% and China has 79.8%; in terms of new generation high-performance sensing technology, South Korea and China have 81.3% and 83.9% respectively; in terms of advanced semiconductor packaging technology, both countries have 74.2%. The results are contrary to similar surveys conducted in 2022, when South Korea was assessed as leading China in semiconductor technology.
Innovative Alzheimer’s disease drugs achieved first use in Lecheng in mainland China
The innovative drug donanemab (donemomab) was the first to be launched in mainland China at Hainan Hospital, Ruijin Hospital Affiliated to Shanghai Jiao Tong University School of Medicine (Boao Research Hospital, Hainan) on February 21. It is used to treat patients with Alzheimer’s disease who are in the mild cognitive impairment stage or mild dementia stage of the disease, bringing new medication options to domestic patients.
Imbalance between supply and demand, potassium chloride prices rose sharply, and product prices of relevant listed companies increased
Reporters from the Financial News Agency learned from various sources that due to short-term shortage of product supply, demand erupted intensively. After the Spring Festival, domestic potassium chloride prices have soared, with the increase of main products ranging from 300 to 550 yuan. Staff from the Securities Department of Salt Lake Stock Co., Ltd. said that the current terminal price of the company’s products is 2850 yuan/ton, an increase of 300 yuan/ton compared with the pre-holiday; the relevant person in charge of the Oriental Tower said that after the Spring Festival, the price of the company’s products has been increased by about 400 yuan per ton. At present, the terminal product price is about 2800 yuan/ton. The industry expects that potassium chloride prices are expected to pick up this year, and the annual import contract prices are expected to be higher than last year.
market news
China Securities Regulatory Commission: New characteristics have emerged in manipulation cases, with the increase in the number of deceptive manipulation of “compiling themes and telling stories”
He Yanchun, director of the Office of the Administrative Punishment Committee of the China Securities Regulatory Commission, said at the press conference on “Strictly crack down on securities violations and crimes in accordance with the law to promote the healthy and stable development of the capital market” on February 21 that manipulation cases have shown some new characteristics, including the traditional “Zhuang type” manipulation that takes advantage of funds has evolved to short-term manipulation based on specific periods and key points; the number of “gang-type” manipulations that use capital allocation funds or asset management products to implement “leverage” and hype with hot money has increased; The information-based manipulation of “pseudo-market value management” and the deceptive manipulation of “compiling themes and telling stories” involving “insiders” of listed companies have increased; manipulation behaviors using complex financial products and new trading technologies have occasionally occurred. This has brought new challenges to the identification, investigation and punishment of market manipulation.
In total, the first batch of 13 Science and Technology Innovation Composite Index ETFs was raised to close the IPO in batches
The issuance of the first batch of 13 Science and Technology Innovation Composite Index ETFs is coming to an end. A total of 20.4 billion yuan was raised on the 5th day of the issuance, including China Merchants, Bosch, Invesco Great Wall, Penghua, Huatai Bairui, Nanfang, Huaxia, Tianhong and Huitianfu Fund. Nine Science and Technology Innovation Composite Index ETFs closed on Friday. Coupled with the products of CCB, ICBC and E Fund that had been previously raised, 12 products were raised. According to channel data, among the 12 products that have been raised, CCB, Bosch and E Fund’s Science and Technology Innovation Index ETFs have issued more than 2 billion shares, and other companies have issued more than 1 billion yuan. Among the 13 Science and Technology Innovation Composite Index ETFs, only the Fuguo Science and Technology Innovation Comprehensive Price ETF has not yet been closed (the original deadline is February 28). In terms of distribution channels, Guotai Junan + Haitong led the way in sales, raising or reaching 4 billion yuan.
Next week, the total market value of the A-share market will be 22.737 billion yuan, down 95.12% month-on-month
Data shows that 28 stocks will face lifting in the A-share market next week, with a total number of shares lifted to 4.391 billion shares. Based on the latest closing price, the total market value of the ban is 22.737 billion yuan, a month-on-month decrease of 95.12% from the market value of the ban this week. Judging from the situation of lifting the ban on shares, the market value of Jinhui Shares will exceed 9 billion yuan, and the circulation value will increase by more than 500%. The market value of Shanzi High-Tech will exceed 6 billion yuan, and the circulation value of Kent Shares, Newtag and Hengda New Materials will increase by more than 50%.
U.S. stocks closed on Friday: The Nasdaq fell more than 2% and the Dow hit its biggest weekly decline in four months
The three major U.S. stock indexes collectively closed down on Friday, with the Nasdaq index falling 2.2%, and falling 2.51% this week, the largest weekly decline since November last year; the S & P 500 index falling 1.71%, and falling 1.66% this week, the largest weekly decline since mid-January; the Dow fell 1.69%, and fell 2.51% this week, the largest weekly decline since late October last year. Large technology stocks generally fell, with Tesla, Nvidia and Intel falling more than 4%, Netflix, Google and Amazon falling more than 2%, Microsoft and Meta falling more than 1%, and Apple falling slightly. Block Inc. (XYZ) fell more than 17%, its worst one-day performance since March 2020.
The biggest theft of cryptocurrency: $1.5 billion in ether was stolen
Cryptocurrency trading platform Bybit said that hackers stole the platform’s cryptocurrency Ethereum with a market value of US$1.5 billion on the morning of the 21st, which may be the largest cryptocurrency theft in history. Bybit has more than 60 million users worldwide and provides a variety of cryptocurrency services. Bybit claims to hold customers in ether with a market value of approximately US$20 billion, and promises to compensate customers even if they cannot recover the stolen ether. The statement said: “All customer funds are safe. Our operations proceeded as usual without interference.”
Funds are accelerating into the technology sector and related high-performance funds frequently occur with frequent “purchase restrictions”
Since the beginning of this year, funds have continued to flood into the technology growth sector, driving the net value of related funds to rise sharply. In addition to high-performance active equity funds, which are highly favored, robot ETFs and artificial intelligence-related ETFs have also attracted strong funds, and their scale has increased significantly. Relevant high-performance funds have frequently ordered purchase restrictions, and the top two funds in performance this year have issued purchase restrictions announcements. Data shows that as of February 20, among the more than 4600 active equity funds, more than 100 have earned more than 20% this year.
company news
Step Star will open source graphics video models in March
At the 2025 Global Developer Pioneers Conference, Step Star CEO Jiang Daxin revealed that Step Star has decided to continue to maintain its open source strategy and will open source graphics video models in March.
Yushu Technology brings two robots to the 2025GDC
At the 2025 Global Developer Pioneers Conference held yesterday, Yushu Technology brought two robots. One is the Unitree G1 humanoid robot priced at 99,000 yuan. The biggest features of this robot are its lightweight and high load capacity; The second is for the C-end, Unitree Go2, which has dog walking and dragging functions.
DeepSeek “low-key” participation in the 2025 Global Developer Pioneers Conference
A reporter from the Science and Technology Innovation Board Daily learned from the organizers of the 2025 Global Developer Pioneers Conference that DeepSeek participated in this year’s conference, but in a rather low-key manner, mainly in the form of closed-door meetings and workshops.
Berkshire Hathaway’s net income in 2024 was US$89 billion, down from the same period last year
Berkshire Hathaway Corporation of the United States released its 2024 annual report. Data shows that the company’s fiscal year 2024 revenue was US$371.433 billion, compared with US$364.482 billion in the same period last year, and the market expectation was US$371.953 billion. Berkshire Hathaway A’s full-year net profit for 2024 was US$88.995 billion, compared with US$96.223 billion in the same period last year, and the market expectation was US$60.706 billion.
Xiaomi will launch its first AIPC product
The reporter learned that Lu Weibing, partner and president of Xiaomi Group, announced that he would launch Xiaomi’s first AI PC product. Ma Zhiyu, director of product marketing of Xiaomi Company, had already published a packaging box for a new REDMI notebook. The model is the REDMI Book Pro 2025. Equipped with Intel Core Ultra 5 processor.
Intel’s 18A process readiness plan to begin streaming in the first half of this year
Intel yesterday updated the introduction of its semiconductor Foundry-related pages and announced that its Intel 18A process is ready and plans to begin streaming in the first half of this year. The maturity of the 18A process marks a major breakthrough in Intel’s IDM 2.0 strategy and is also regarded as a key signal for Intel’s OEM Services (IFS) to regain its past glory.
Xiaopeng Huitian’s “Land Aircraft Carrier” Land Carrier is in the winter test acceptance stage
The reporter learned that Xiaopeng Huitian’s “Land Aircraft Carrier” land carrier has completed winter testing in Yakeshi and is currently in the acceptance stage. It is reported that the land-traveling body is driven by six motors, and the entire vehicle is produced and manufactured by Xiaopeng Automobile. According to previous plans, Xiaopeng Huitian’s “Land Aircraft Carrier” aircraft factory will be completed in the third quarter of this year, and the complete flying vehicle will be mass produced in 2026.
Can Moutai’s annual output increase by 30%-50%? company responded
An article on the official Weixin Official Accounts of Shandong University of Science and Technology titled “Overcoming Industry Problems, He Increased the Annual Production of Moutai Liquor by 30%-50%” attracted widespread attention in the industry this weekend. On February 23, Moutai responded to reporters: “The Kweichow Moutai packaging automation production demonstration line organized by our company has been put into normal operation, which has significantly improved the yield and production efficiency compared with traditional packaging production lines. The leakage detection solution for opal glass bottles provided by the equipment supplier of this production line includes visual inspection technology.” At the same time, the company emphasized that it has no R & D cooperation relationship with Shandong University of Science and Technology on this project. The reporter noticed that the above-mentioned article has been deleted from the official Weixin Official Accounts of Shandong University of Science and Technology.
Vanke Enterprise: Shenzhen Railway Group, the largest shareholder, plans to provide loans to the company with a loan amount of 4.2 billion yuan
Vanke’s Hong Kong Stock Exchange announced that Shenzhen Railway Group, its largest shareholder, plans to provide loans to the company with a loan amount of 4.2 billion yuan to repay the principal and interest of bonds issued by the company on the open market.
