GuShiio.com ① The National Ordinary Session: Research and launch a number of new opening-up measures in the fields of telecommunications, medical care, finance, etc. ② The Supreme People’s Procuratorate and the China Securities Regulatory Commission jointly took action to set the tone for strictly cracking down on securities crimes. ③ The Dow hit its largest weekly decline in four months ④ China Securities Regulatory Commission: Provide stronger capital market support for private enterprises to become better and stronger. ④ Vanke Enterprise: Shenzhen Railway Group, the largest shareholder, plans to provide loans to the company with a loan amount of 4.2 billion yuan.
macro news
1. Premier Li Qiang chaired an executive meeting of the State Council to study work related to trade in services and service consumption. The meeting pointed out that 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. The meeting also reviewed and approved the “Action Plan for Improving the New Energy Vehicle Power Battery Recycling System.”
2. On February 21, He Lifeng, the Chinese leader of China-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 economic field of China and the United States 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.
3. Wu Qing, Secretary of the Party Committee and Chairman of the China Securities Regulatory Commission, presided over the Party Committee on the 17th. The meeting emphasized the need to accelerate the cultivation of patient capital and attract more outstanding private enterprises to grow and grow through the capital market. The meeting pointed out that we should better play the role of the capital market platform and provide stronger capital market support for private enterprises to become better and stronger.
4. On the 19th, the People’s Bank of China and the State Administration of Foreign Exchange held the 2025 Comprehensive and Strict Party Governance and Discipline Inspection and Supervision Work Conference. Zhu Hexin, member of the Party Committee and Vice President of the People’s Bank of China, Party Secretary and Director of the State Administration of Foreign Exchange, pointed out that it is necessary to establish and improve a “more convenient, more open and safer” foreign exchange management system and mechanism, and strengthen the “macro-prudential + micro-supervision” management of the foreign exchange market to improve the operation and management of foreign exchange reserves.
industry news
1. The Supreme People’s Procuratorate and China Securities Regulatory Commission jointly held a press conference yesterday on “Strictly crack down on securities crimes in accordance with the law and promote the healthy and stable development of the capital market.” According to the relevant person in charge of the Supreme People’s Procuratorate, from 2022 to 2024, procuratorial organs across the country prosecuted a total of 366 securities crimes involving 1011 people. Li Ming, vice chairman of the China Securities Regulatory Commission, said that under the premise of administration in accordance with the law, we should be more focused on protecting investors. He Yanchun, director of the Office of the Administrative Punishment Committee of the China Securities Regulatory Commission, said that new characteristics have emerged in manipulation cases, and the number of bewitching manipulation of “making up themes and telling stories” has increased.
2. On February 19, the State-owned Assets Supervision and Administration Commission of the State Council held a deepening and deployment meeting for the “AI+” special action of central enterprises to summarize the progress and effectiveness of the development of artificial intelligence by state-owned and central enterprises, and study and deploy the next key tasks. The meeting emphasized that state-owned and state-owned enterprises should seize the strategic window period for the development of the artificial intelligence industry, strengthen scientific and technological innovation, focus on key areas to accelerate the mastery of “root technologies”, firmly tackle major problems, actively participate in the construction of open ecosystems, and promote the creation of more “from 0 to 1” original innovation, accelerate the transformation of results and industrial development.
3. The Central Cyberspace Administration released the rectification priorities of the 2025 “Qinglang” series of special actions. The key rectification tasks mainly include rectifying the abuse of AI technology, rectifying the “black mouth” of enterprise-related networks, and rectifying the release of false information by “self-media”. Eight types of network chaos.
4. 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 issuance, including China Merchants, Bosch, Invesco Great Wall, Penghua, Huatai Bairui, Nanfang, Huaxia, Tianhong and Huitianfu Funds. Nine Science and Technology Innovation Composite Index ETFs closed yesterday. Coupled with the products of CCB, ICBC and E Fund that had been previously raised, 12 products were raised.
5. It was learned from SAIC that SAIC Motor Co., Ltd. and Huawei Terminal Co., Ltd. signed an in-depth cooperation agreement in Shanghai. The two sides will carry out strategic cooperation in the fields of product definition, manufacturing, supply chain management, sales and services to create new new energy smart vehicles.
6. The National Liquor Standardization Technical Committee issued a notice on soliciting opinions on the national standard (draft for comments) of the General Rules for Liquor Quality. This revision established a standardized language for consumer-oriented liquor quality expression for the first time, promoting the standardization, nationalization and standardized development of the liquor industry. The “General Rules for Liquor Quality” aims to promote and accelerate the internationalization of liquor based on the top-level design of my country’s liquor standard system.
company news
1. Zhuoshengwei released a performance express announcement that net profit in 2024 will drop by 61.52% year-on-year.
2. Vanke’s Hong Kong Stock Exchange announced that Shenzhen Railway Group, the largest shareholder, plans to provide loans to the company with a loan amount of 4.2 billion yuan.
3. Shanghai Mechanical and Electrical announced that it is not engaged in business related to humanoid robots.
4. China Southern Airlines announced that its subsidiary has withdrawn its main board listing application.
5. Industrial Fulian announced that the net profit in 2024 will be 23.216 billion yuan, a year-on-year increase of 10.34%.
6. CITIC Special Steel stated on the interactive platform that the company’s harmonic reducer flexures have successfully replaced imported steel, breaking through the production problem of key robot components.
7. JA Technology announced that it plans to issue H-shares and list them on the Stock Exchange of Hong Kong.
8. Longyang Electronic announced that HVLP copper foil related products are still in the stage of product development and initial sample submission verification, and have not yet generated income. On the same day, the company announced that it plans to acquire 100% equity of Deyou Xincai. This transaction is expected to constitute a major asset reorganization.
9. Taihao Technology announced that the related computing power of the data center currently has little impact on the sales and profitability of the company’s related products.
10. China Technology announced that Ye Jianbiao, one of the actual controllers, director and general manager, was detained and investigated.
11. Hikvision announced that its net profit in 2024 will be 11.959 billion yuan, a year-on-year decrease of 15.23%.
12. Chaoda Equipment announced that it planned to change the company’s control rights, and the trading of stocks and convertible bonds will be suspended from February 24.
13. Hehui Optoelectronics announced that it plans to issue H shares and list them on the Stock Exchange of Hong Kong Limited.
14. Shitou shares announced that it plans to purchase control of Hangzhou Lipper Technology Co., Ltd. and its shares will be suspended.
15. Shanghai Silicon Industry announced that it plans to issue shares and pay cash to purchase assets. Shares will be suspended from next Monday.
global market
1. The Dow hit its largest weekly decline in four months, and the Nasdaq China Golden Dragon Index rose for six consecutive weeks. The three major U.S. stock indexes closed down collectively, with the Nasdaq index falling 2.2%, down 2.51% this week, the largest weekly decline since November last year; the S & P 500 index falling 1.71%, down 1.66% this week, the largest weekly decline since mid-January; the Dow fell 1.69%, down 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%. Most popular Chinese stocks rose. The Nasdaq China Golden Dragon Index closed up 1.65%, rising 1.57% this week, rising for six consecutive weeks, approaching the peak of October last year. European stocks closed mixed, with the Stoxx Europe 600 index closing up 0.5% and rising 0.3% this week, rising for the ninth consecutive week, the longest consecutive rise since March last year.
2. The settlement price of international crude oil futures closed down sharply by more than US$2. WTI April crude oil futures fell 2.87%, while Brent April crude oil futures fell 2.68%. NYMEX March natural gas futures closed up 3.62%, rising 13.66% this week.
3. COMEX gold futures fell 0.22%, rising 1.69% this week. COMEX silver futures fell 1.85%, and fell 0.09% this week.
