GuShiio.com ① Politburo meeting: Stabilize the property market ② The United States threatened to impose another 10% tariff on China’s products exported to the United States. The Ministry of Foreign Affairs responded ③ The three major U.S. stock indexes collectively closed higher ④ Ministry of Industry and Information Technology: Enterprises should not use it to imply that consumers can use the system as an autonomous driving system in combination driving assistance systems or function naming and marketing publicity. ④ China Securities Regulatory Commission: Preliminary investigation has been made that Dongfang Group is suspected of major financial fraud, which may involve major illegal forced delisting.
macro news
1. The Political Bureau of the CPC Central Committee held a meeting on February 28 to discuss the draft “Government Work Report” that the State Council intends to submit to the Third Session of the 14th National People’s Congress for review. Xi Jinping, General Secretary of the CPC Central Committee, presided over the meeting. The meeting emphasized the need to implement more proactive macro policies, expand domestic demand, promote the integrated development of scientific and technological innovation and industrial innovation, stabilize the property market and stock market, prevent and resolve risks and external shocks in key areas, stabilize expectations, stimulate vitality, and promote the continued recovery of the economy. Good.
2. The fifth issue of Qiushi magazine published on March 1 will publish an important article by Xi Jinping, General Secretary of the CPC Central Committee, President of the State, and Chairman of the Central Military Commission,”Economic work must coordinate several pairs of important relationships.” The article pointed out that economic work is complicated and requires coordinating several pairs of important relationships. First, we must coordinate the relationship between effective markets and promising governments to form an economic order that is both “flexible” and “manageable”. The government must do something and not do something to solve the problems of vacancy and offside. The more standardized the government’s behavior, the more effective the market will be. Second, we must coordinate the relationship between total supply and total demand to smooth the national economic cycle. It is necessary to adhere to the coordinated efforts and dynamic balance of supply and demand, and continue to deepen supply-side structural reforms. It is necessary to speed up the filling of domestic demand, especially consumption shortcomings, so that domestic demand becomes the main driving force and stability anchor for economic growth. Third, we must coordinate the relationship between cultivating new driving forces and updating old driving forces, and develop new productive forces according to local conditions.
3. On February 27, U.S. Eastern Time, the United States threatened to impose an additional 10% tariff on China products exported to the United States on the grounds of fentanyl starting from March 4. Foreign Ministry Spokesperson Lin Jian said at a regular press conference held by the Ministry of Foreign Affairs yesterday that China is strongly dissatisfied with this and firmly opposes it, and will take all necessary measures to firmly safeguard its legitimate interests.
4. The central bank issued an announcement that in order to maintain sufficient liquidity in the banking system, in February 2025, the People’s Bank of China launched a 1.4 trillion yuan buyout reverse repurchase operation through fixed quantity, interest rate bidding, and multiple price bids.
5. On the afternoon of February 28, 2025, relevant responsible comrades of the Organization Department of the CPC Central Committee attended the meeting of leading cadres of the Ministry of Industry and Information Technology and announced the central government’s decision: Comrade Li Lecheng will be appointed as Party Secretary of the Ministry of Industry and Information Technology, and Comrade Jin Zhuanglong will be removed from the post of Party Secretary of the Ministry of Industry and Information Technology.
industry news
1. The Ministry of Industry and Information Technology issued the “Intelligent Internet-connected Automobile Product Access, Recall and Online Software Upgrade Management and Technical Guide”, which states that companies must not use the combination driving assistance system or function naming and marketing promotion to imply that the system can be used as an automated driving system. If the driver does not use the combined driving assistance function in a standardized manner, the system shall have restriction policies such as prohibiting the activation of the corresponding function.
2. According to the official website of the State Administration of Market Regulation, from February 27 to 28, a symposium on price supervision and inspection and anti-unfair competition was held in Shenzhen, Guangdong Province. The meeting emphasized that this year, we must carry out a special anti-unfair competition law enforcement action on the Internet, focusing on cracking down on illegal activities such as false propaganda, traffic hijacking, and commercial slander in accordance with the law, deepen the management of online platform charges, and create a good online competition ecosystem. Carry out in-depth special actions to rectify arbitrary charges involving enterprises. Strengthen price supervision in key industries in accordance with the law and rectify “convoluted” vicious competition.
3. The China Securities Regulatory Commission issued a letter on the reply to Proposal No. 02650 (Finance, Taxation and Finance No. 171) of the Second Session of the 14th National Committee of the Chinese People’s Political Consultative Conference stating that there are currently no conditions to establish the Chongqing Stock Exchange.
4. Beijing City Science and Technology Commission, Zhongguancun Science and Technology Park Management Committee and other departments issued the “Beijing Specific Intelligent Technology Innovation and Industry Cultivation Action Plan (2025-2027).” It proposes to speed up the replacement of personalised intelligent robots for dangerous, repetitive and heavy job operations. The “Action Plan” also pointed out that by 2027, we will strive to promote the implementation of 10,000 humanoid robots.
5. Cao Cao Chuxing launched the autonomous driving platform “Cao Cao Zhixing” yesterday, announcing that it has built the “FCube” global self-developed closed-loop intelligent driving ecosystem, and launched Robotaxi operation pilots in Suzhou and Hangzhou to launch vehicles equipped with Geely’s latest intelligent driving system.
6. After falling below US$2900/ounce the previous day, COMEX gold futures fell again in intraday trading on February 28, hitting a minimum of US$2,867.2/ounce, a drop of more than US$100/ounce compared with the highest point in the month of US$2974/ounce. Industry insiders said that after the London gold spot broke through the resistance level of US$2950/ounce, a large number of profit-making orders were accumulated, and the bulls took profits and left the market, causing the gold price to fall.
7. The Ministry of Industry and Information Technology issued the “Implementation Opinions on Accelerating the Transformation and Upgrading of the Civil Explosives Industry” to promote corporate reorganization and integration. Encourage civil explosive enterprises to reorganize and integrate across regions and across ownership systems, carry out industrial chain integration, and create independent and controllable industrial chains and supply chains.
company news
1. The China Securities Regulatory Commission notified the progress of the phased investigation into the financial fraud case of Dongfang Group, and initially found that Dongfang Group was suspected of major financial fraud, which may involve major illegal and forced delisting.
2. ZTE announced that its net profit in 2024 will be 8.425 billion yuan, a year-on-year decrease of 9.66%. On the same day, the company announced that it plans to use no more than 30 billion yuan of its own funds for entrusted financial management.
3. China Nuclear Power announced that it plans to increase its capital by 1 billion yuan to participate in fusion companies to lay out the nuclear fusion energy field.
4. Zhejiang Energy Power announced that it plans to increase its capital by 750 million yuan and participate in Fusion Company.
5. Wuzhou New Year announcement plans to invest about 1.5 billion yuan to build planetary roller screws and other projects.
6. Guotai Junan announced that the equity registration date for the A-share swap of Haitong Securities will be March 3.
7. Shanghai Xiba announced that solid-state battery-related businesses have not yet generated long-term stable income.
8. Zhizheng Shares announced that it plans to purchase 99.97% equity of AAMI through major asset swaps, share issuance and cash payment.
9. Kaiwang Technology announced that the cooperation between cables and precision cable connection components and robot-related manufacturers is in the early stage.
10. Northern Rare Earth announced that controlling shareholder Baotou Steel Group plans to increase its stake in the company by 500 million yuan to 1 billion yuan.
11. Zhongji Xuchuang announced that its net profit in 2024 will be 5.171 billion yuan, a year-on-year increase of 137.9%.
12. Genesis stated on the interactive platform that the company has continued to supply Yushu Technology since 2022.
global market
1. The three major U.S. stock indexes closed up collectively. The Dow rose 1.39%, up 0.95% this week; the Nasdaq rose 1.63%, down 3.47% this week; the S & P 500 index rose 1.58%, down 0.98% this week. Large technology stocks generally rose, with Tesla and Nvidia rising nearly 4%. Most popular Chinese stocks fell, with the Nasdaq China Golden Dragon Index closing down 1.82%.
2. COMEX gold futures closed down 0.99% at US$2,867.3 per ounce, down 2.79% this week;COMEX silver futures closed down 1.26% at US$31.705 per ounce, down 3.41% this week.
3. WTI crude oil futures closed down 0.84% at US$69.76/barrel, down 0.9% this week; Brent crude oil futures closed down 1.16% at US$73.18/barrel, down 1.86% this week.
4. According to the White House, U.S. President Trump and Ukraine President Zelensky did not sign a mineral agreement on February 28 local time. Earlier, U.S. President Trump and Ukraine President Zelensky had a dispute during a meeting in Washington. However, senior U.S. officials said Trump would not rule out the possibility of reaching an agreement with Zelensky, but would wait until Ukraine was ready for constructive dialogue.
