GuShiio.com Important news that affects the market over the weekend include:
① Central Huijin will enter four financial institutions;
② Dong Guoqun, former deputy general manager of the Shanghai Stock Exchange, was “double opened”;
③ Tencent responded that WeChat connected to DeepSeek.
Financial Union reported on February 16 that important information that affected the market over the weekend included: ① Central Huijin will enter four financial institutions;② Dong Guoqun, former deputy general manager of the Shanghai Stock Exchange, will be “double opened”;③ Tencent responded to WeChat access to DeepSeek.
Macro and Market Highlights
In January, new social financing was 7.06 trillion yuan, new loans were 5.13 trillion yuan, and M2 increased by 7% year-on-year
The central bank released data that the scale of social financing increased by 7.06 trillion yuan in January, 583.3 billion yuan more than the same period last year. RMB loans increased by 5.13 trillion yuan in January. At the end of January, the broad money (M2) balance was 318.52 trillion yuan, a year-on-year increase of 7%. The narrow money (M1) balance was 112.45 trillion yuan, a year-on-year increase of 0.4%.
Dong Guoqun, former deputy general manager of the Shanghai Stock Exchange, was “double opened”: long-term borrowing of multiple securities accounts to stock stocks and illegally invest in many companies planning to be listed
According to the Discipline Inspection and Supervision Group of the Central Commission for Discipline Inspection and the National Supervisory Commission stationed in the China Securities Regulatory Commission and the Zhejiang Provincial Commission for Discipline Inspection and Supervision: Recently, with the approval of the Central Commission for Discipline Inspection and the National Supervisory Commission, the Discipline Inspection and Supervision Group of the Central Commission for Discipline Inspection and the National Supervisory Commission stationed in the China Securities Regulatory Commission and Zhejiang Province The Taizhou City Supervisory Commission conducted a disciplinary review and supervisory investigation on Dong Guoqun, former member of the Party Committee and deputy general manager of the Shanghai Stock Exchange, for serious violations of discipline and law.
After investigation, Dong Guoqun lost his ideals and beliefs, was disloyal and dishonest to the party, and deliberately attempted to confront organizational censorship and investigations, colluded with others, and transferred and concealed stolen money and goods; ignored the spirit of the eight central regulations, he indulged in wine fairs and dinners, and regarded private clubs as “personal canteen”, still accepted many banquets from management service clients during central inspections; he accepted golf activities arranged by management service clients for a long time, but still did not repent after being given disciplinary sanctions; The bottom line of integrity has been lost, and valuable gifts and large-amount consumption cards have been illegally accepted; long-term borrowing of multiple securities accounts to stock stocks, illegally taking shares in many companies planning to be listed, arranging others to act as “white gloves”, concealing the identity of “shadow shareholders”; corruption has been carried out throughout his career, seeking benefits for others in matters such as corporate listing, company supervision, deposit of large amounts of funds, and project construction, and illegally accepting equity, cash and other property, with a particularly huge amount.
Dong Guoqun seriously violated the party’s political discipline, integrity discipline, and work discipline, constituted a serious job violation and was suspected of accepting bribes. He still did not know whether to stop after the 18th, 19th and even 20th National Congress of the Communist Party of China. His nature was serious and the impact was bad., should be dealt with seriously. In accordance with the “Regulations on Disciplinary Punishment of the Communist Party of China”,”Supervision Law of the People’s Republic of China”,”Law on Administrative Punishment of Public Officials of the People’s Republic of China” and other relevant regulations, after research by the Party Committee of the China Securities Regulatory Commission, it was decided to expel Dong Guoqun from the party; the Discipline Inspection and Supervision Group of the Central Commission for Discipline Inspection and the National Supervisory Commission stationed in the China Securities Regulatory Commission studied and decided to give Dong Guoqun the sanction of administrative dismissal; his disciplinary and illegal income was confiscated; After research by the Taizhou City Supervisory Committee of Zhejiang Province, it was decided to transfer Dong Guoqun’s suspected crime to the procuratorate for review and prosecution in accordance with the law, and the property involved was transferred together.
Hillhouse’s HHLR Advisors revealed that 8 of the top ten heavy positions in U.S. stocks in the fourth quarter were in the top ten positions
Hillhouse’s independent fund management platform HHLR Advisors, which focuses on secondary market investment, released U.S. stock position data as of the end of the fourth quarter of 2024. Data shows that among the top ten positions held by HHLR Advisors in the fourth quarter, Chinese stocks accounted for eight. Baiji Shenzhou and Alibaba are still the top two big positions, in addition to Pinduoduo, Netease, Shell, Vipshop, Legendary Biotech and Futu Holdings. The position shows HHLR Advisors ‘continued focus on China assets. Among the 4 stocks newly purchased by HHLR Advisors in the fourth quarter, 2 were Chinese stocks, namely Shengwang and Zhiwen Group (Momo). In the fourth quarter, HHLR Advisors increased its holdings of 10 stocks, of which 4 were Chinese stocks, namely Jingdong, Shell, Futu Holdings and Dada Group.
industry news
Central Huijin will enter four financial institutions
On February 14, China Cinda Asset Management Co., Ltd., China Orient Asset Management Co., Ltd., China Great Wall Asset Management Co., Ltd., and China Securities Finance Co., Ltd. all issued announcements stating that part of the company’s equity will be transferred to Central Huijin Investment Co., Ltd. After the transfer is completed, Central Huijin will control these four important financial institutions. In addition, the actual controllers of Yinbaoshan New, Dongxing Securities, Cinda Securities and Unified Shares will also be changed to Central Huijin.
Dumplings topped the box office list of China film history directors
According to the online data platform, director Jiaozi has won 15.763 billion yuan in box office results with the Nezha series of films “Nezha’s Devil Boy Coming into the World” and “Nezha’s Devil Boy Making the Sea”, surpassing Chen Sicheng and topping the top of the box office list of directors in China’s film history.
National Development and Reform Commission: Carry out pilot work on open interconnection of logistics data to break down “information islands”
The National Development and Reform Commission and other departments have carried out pilot work on open interconnection of logistics data. The pilot goals are to focus on outstanding issues in the development of the logistics industry, break down “information islands” and “data chimneys”, open up data from government departments, related enterprises and business systems such as ports, highways, railways, and aviation, innovate logistics data interaction models and solutions, and create A number of representative demonstration projects, explore the establishment of a multi-level logistics data open interconnection mechanism that organically combines public welfare and marketization, and establish and improve logistics data classification and exchange application standards and specifications. Form an open list for logistics public data sharing, promote and apply it nationwide, promote the optimal allocation of logistics resources, and promote the effective reduction of logistics costs for the whole society.
Organization: The scale of smart computing power in China will increase by 43% in 2025 compared with 2024
International Data Corporation (IDC) and Inspur Information jointly released the “Evaluation Report on the Development of Artificial Intelligence Computing Power in China.” The “Report” predicts that in the next two years, China’s smart computing power will continue to maintain rapid growth. In 2025, the scale of China’s intelligent computing power will reach 1037.3EFLOPS, an increase of 43% compared with 2024; in 2026, the scale of China’s intelligent computing power will reach 1460.3EFLOPS, twice that of 2024. In 2025, the market size of China’s artificial intelligence computing power will reach US$25.9 billion, an increase of 36.2% compared with 2024; in 2026, the market size will reach US$33.7 billion, 1.77 times that of 2024.
Institute of Information and Technology: In December 2024, mobile phone shipments in the domestic market were 34.528 million units, a year-on-year increase of 22.1%
Data from China Academy of Information and Technology shows that in December 2024, mobile phone shipments in the domestic market were 34.528 million units, a year-on-year increase of 22.1%. Among them, 30.433 million 5G mobile phones were 5G mobile phones, a year-on-year increase of 25.8%, accounting for 88.1% of mobile phone shipments during the same period. From January to December 2024, mobile phone shipments in the domestic market were 314 million units, a year-on-year increase of 8.7%. Among them, 272 million 5G mobile phones were 5G mobile phones, a year-on-year increase of 13.4%, accounting for 86.4% of mobile phone shipments during the same period.
“National Low-altitude Transportation Network” launched
The balance of RMB real estate development loans at the end of the fourth quarter of 2024 was 13.56 trillion yuan, a year-on-year increase of 3.2%
Central bank data shows that at the end of the fourth quarter of 2024, the balance of RMB real estate development loans was 13.56 trillion yuan, a year-on-year increase of 3.2%. The growth rate was 1.7 percentage points higher than that at the end of the previous year, and an increase of 412.5 billion yuan for the whole year. The balance of personal housing loans was 37.68 trillion yuan, a year-on-year decrease of 1.3%, and the growth rate was 0.3 percentage points higher than that at the end of the previous year. At the end of the fourth quarter of 2024, the balance of RMB real estate loans was 52.8 trillion yuan, a year-on-year decrease of 0.2%, and the growth rate was 0.8 percentage points higher than the end of the previous year.
company news
Tencent responds to WeChat access to DeepSeek
Recently, it was reported that WeChat is grey-testing to connect to the DeepSeek R1 model. In response, Tencent responded that while WeChat Soyisou was using the Mixed Origin Model to enrich AI search, it recently officially connected grayscale testing to DeepSeek. Users in the grayscale test range can search for the entry at the top of the dialog box and see the words “AI Search”. After clicking to enter, they can use the DeepSeek-R1 full-blood model for free to obtain a more diversified search experience.
BYD Sun Huajun: Launch batch demonstration and loading application of all-solid-state batteries in 2027
Sun Huajun, CTO of Shenzhen BYD Lithium Battery Co., Ltd., revealed at the 2nd China All-Solid-State Battery Innovation and Development Summit Forum that BYD will launch batch demonstration and loading applications of all-solid-state batteries around 2027, and achieve large-scale boarding after 2030.
Mixue Ice City Co., Ltd. passed the listing hearing on the Hong Kong Stock Exchange, and the price of its core products is 2-8 yuan
Livermore Securities showed that Mixue Ice City Co., Ltd. passed the listing hearing on the Hong Kong Stock Exchange, and the co-sponsors were Bank of America Securities, Goldman Sachs and UBS. As of September 30, 2024, Mixue Ice City’s store network developed through the franchise model has more than 45,000 stores, covering 11 countries in China and overseas. In 2022, 2023 and the first nine months of 2024, Mixue Ice City achieved revenue of 13.6 billion, 20.3 billion and 18.7 billion respectively, a year-on-year increase of 31.2%, 49.6% and 21.2%. In 2022, 2023 and the first nine months of 2024, Mixue Ice City’s net profit was RMB 2 billion, RMB 3.2 billion and RMB 3.5 billion respectively, a year-on-year increase of 5.3%, 58.3% and 42.3%. Mixue Ice City said the price of its core products usually ranges from RMB 2 to RMB 8.
3 Connected data port: There are no big models, deepseek related products, and there are no big models related equity cooperation and other business cooperation
Data Port announced abnormal fluctuations in stock trading. Data Port’s main businesses include IDC business, IDC solution business and cloud service sales business. Among them, IDC business is mainly data center server hosting business. The company does not have big model, deepseek related products, nor does it have deepseek, big model related equity cooperation and other business cooperation.
Byte CEO reflects on DeepSeek: The follow-up speed is not enough and we will pursue the smart cap this year
ByteDance held a new all-staff meeting on the morning of February 13. ByteDance CEO Liang Rubo, e-commerce business leader Kang Zeyu, AI business leader Zhu Wenjia, TikTokCEO Zhou Shouzi attended the meeting to communicate with employees. Regarding the AI business, Byte CEO Liang Rupo proposed key goals for 2025 at the meeting, including pursuing the “smart” upper limit, exploring new interactions and enhancing scale effects. Liang Rupo also talked about DeepSeek, which recently exploded. He said that the long-chain thinking model, one of the innovations of DeepSeek R1, is not the first in the industry. After OpenAI released its long-chain thinking model in September last year and became a hot topic in the industry, Byte realized major changes in technology, but the follow-up speed was not enough. If it had paid attention to it in time, it would have a chance to realize it earlier. He proposed a key goal for 2025: pursuing the “smart” upper limit. Compared with pursuing a specific product, making intelligence itself the most important goal can inspire more attempts and not ignore key technology nodes. The new interactions should be more wearable, portable and natural. The Ola Friend headphones launched last year are just a preliminary attempt.
NVIDIA holds 1.74 million shares of Wenyuan Zhixing, which is an early investment in 2017, and is not a new purchase
According to Nvidia’s SEC 13F file data disclosed on February 14, 2025, Nvidia held 1.74 million shares of Wenyuan Zhixing in the fourth quarter of 2024, with a market value of US$24.65 million. According to a reporter from the Science and Technology Innovation Board Daily, the 1.74 million shares were not new purchases, but Nvidia’s early strategic investment in Wenyuan Zhixing in 2017.
UF Network: No service cooperation agreement has been signed with Deep Seek and no business cooperation with it.
UFIDA Network announced abnormal fluctuations in stock trading. The company noticed that relevant platforms had included the company’s shares in the Deep Seek concept stocks. The company clarified the relevant matters as follows: Some of the company’s products have also been connected to Deep Seek, but the company has not signed a service cooperation agreement with Deep Seek. There is no business cooperation with it, and this matter has no material impact on the current main business. As of the disclosure date of this announcement, the company does not directly or indirectly hold equity in Hangzhou Deep Quest Artificial Intelligence Basic Technology Research Co., Ltd.(Deep Seek is a large model owned by Hangzhou Deep Quest Artificial Intelligence Basic Technology Research Co., Ltd.).
Halo New Network: Controlling shareholder plans to reduce the company’s shares by no more than 3%
Halo Xinwang announced that Baihuida, the company’s controlling shareholder, plans to reduce its holdings by no more than 53.9277 million shares through centralized bidding and block transactions during the period from March 10, 2025 to June 9, 2025, accounting for no more than 3%.
A group of nuclear technologies, one of Hangzhou’s “Six Little Dragons”, submits listing application to the Hong Kong Stock Exchange
Livermore Securities showed that a group of nuclear technologies, one of Hangzhou’s “six dragons”, submitted a listing application to the Hong Kong Stock Exchange, with the co-sponsors JP Morgan Chase and CCB International. The prospectus shows that Quni Technology’s operating income increased by 10.5% from 600 million yuan in 2022 to 664 million yuan in 2023; the annual/period losses in 2022, 2023 and the nine months ended September 30, 2023 and 2024 were RMB 703.7 million, RMB 646.1 million, RMB 489.5 million and RMB 422.1 million respectively.
Zhejiang Rongtai: It plans to transfer 51% equity of Dizi Precision, which focuses on the research and development, production and sales of ball screws and planetary roller screws
Zhejiang Rongtai announced that the company signed a framework agreement with Shanghai Dizi Precision Machinery Co., Ltd.(referred to as “Dizi Precision”) and its shareholder Shanghai Digang Technical Consulting Partnership (Limited Partnership) on February 14, 2025. It is planned to transfer part of the equity held by the above-mentioned shareholders through equity transfer, and at the same time increase capital to Dizi Precision, thereby realizing a total holding of 51% of the equity of Dizi Precision. After the completion of this transaction, the company will hold 51% equity of Diz Precision, and Diz Precision will become a holding subsidiary of the company and be included in the scope of merger of listed companies. All parties agreed that the price of this transaction will be paid in cash; the intentional valuation of this transaction will be 400 million yuan. Diz Precision belongs to the field of mechanical transmission and automation technology, focusing on the research and development, production and sales of ball screws, planetary roller screws, automotive screws, electric cylinders, linear modules, precision alignment platforms, etc.
Aisen Shares: Shares that plan to purchase a controlling stake in Ganuo New Materials resume trading
Aisen announced that the company plans to purchase a controlling stake in Grano (Suzhou) New Materials Co., Ltd. and raise matching funds by issuing shares and paying cash. Trading in the company’s shares will resume when the market opens on February 17, 2025. Xiaocai’s note: According to the official website of Ganuo New Materials, the company is committed to the research and development and production of key OLED materials and photoresists, involving organic light-emitting materials, hole transport materials and electron transport materials.
Zhichun Technology: It intends to purchase a controlling stake in Witton Crystal Phosphorus and suspend trading from next Monday
Zhichun Technology announced that the company is planning to purchase a controlling stake in Guizhou Witton Crystal Phosphorus Electronic Materials Co., Ltd. and raise matching funds through a combination of issuing shares and paying cash. This transaction is not expected to constitute a major asset reorganization, will not lead to changes in the actual controller of the company, and will not constitute a reorganization and listing. The company’s shares will be suspended from the market opening on February 17, 2025, and the suspension period is expected to not exceed 10 trading days.
Lanqi Technology: The second generation of MRCD and MDB chips has successfully sent samples to major memory manufacturers around the world
Lanqi Technology released an announcement on the Investor Relations Activity Record Form. The company’s second generation MRCD and MDB chips have successfully sent samples to major memory manufacturers around the world, specially designed for DDR5 multiplexed dual in-line memory modules (MRDIMM). In addition, the company’s PCIe 6.x/CXL3.x Retimer chip supports 16 channels and a maximum data transfer rate of 64GT/s. MXC chips have successfully passed the CXL 2.0 compliance test and are included in the list of the first batch of CXL 2.0 compliant suppliers announced by the CXL Alliance.
Overseas news
The three major U.S. stock indexes closed mixed last Friday, and Meta recorded 20 consecutive gains on the daily line
The three major U.S. stock indexes closed mixed last Friday, with the Nasdaq rising 0.41%, up 2.58% this week; the S & P 500 index down 0.01%, up 1.47% this week; and the Dow down 0.37%, up 0.56% this week. Meta rose more than 1%, recording 20 consecutive gains on the daily line. Its share price continued to hit a record high, with a total market value of US$1.87 trillion. The company plans to invest heavily in AI humanoid robots. Nvidia rose more than 2%, while Apple and Nike soared more than 1%. Intel fell more than 2%, rising more than 23% this week, the largest weekly gain since January 2000; Amazon, Google, Tesla, and Microsoft fell slightly. Airbnb rose more than 14%, the largest increase in a year.
OpenAI’s board of directors rejects Musk’s $97.4 billion proposal to buy a controlling stake in it
The board of ChatGPT developer OpenAI Research Center (OpenAI) unanimously rejected Elon Musk’s $97.4 billion offer to buy the company’s assets.
Zelensky: Will not meet with Putin until a plan to end the conflict is worked out with the US president
Ukraine President Zelensky said at the Munich Security Conference on February 14 local time that he would meet with Russian President Putin only after he worked out a general plan with US President Trump to end the Russia-Ukraine conflict. He also did not plan to meet with any Russians other than Putin.
Using AI to replace analysts, a hedge fund startup outperforms global stock markets
A hedge fund startup that uses artificial intelligence (AI) to do the work normally done by analysts has outperformed global stock markets in its first six months and significantly cut research costs. The Sydney company, Minotaur Capital, was founded by Armina Rosenberg and Thomas Rice. In the six months to January, the two men’s global equity bets returned 13.7%, compared with a return of 6.7% on the MSCI Global Index. Minotaur does not have analysts, and founder Rosenberg says the artificial intelligence model is faster and cheaper.
Musk: Grok 3 will be released Monday at 8 p.m. Pacific Time
Musk said on social platform X that the Grok 3 model will be released at 8 p.m. Pacific Time on Monday (12 p.m. Beijing time on Tuesday) and a live demonstration will be held. Previously, Musk once said: “Grok 3 has extremely strong reasoning capabilities and has performed better than any released product we know of in the tests we have done so far.”
