GuShiio.com ① Putin is said to be ready to agree to a conditional ceasefire.
② Powell said he was not in a hurry to cut interest rates until the impact of Trump’s policies was clear.
③ Haitong Securities said that the recent periodic return of foreign capital to the China market is mainly short-term flexible.
④ The fourth paradigm teamed up with Huawei to release the SageOneIA all-in-one machine.
hot focus
1. The Tariff Commission of the State Council issued an announcement that starting from March 20, 2025, a 100% tariff will be imposed on rapeseed oil, oil cake, and peas originating in Canada; an additional tariff will be imposed on aquatic products and pork originating in Canada. 25% tariff; A spokesperson for the Ministry of Commerce said that China urges Canada to immediately correct its wrong practices, remove restrictions, and eliminate adverse effects.
2. Regarding a moderately loose monetary policy, Jin Peng Hui, a representative of the National People’s Congress and deputy secretary of the Party Committee and director of the Shanghai Headquarters of the People’s Bank of China, said that this means that monetary policy will take the initiative, actively respond to uncertain challenges, and further leverage the role of monetary policy tools. Total amount and structure have dual functions.
3. Data released by the National Bureau of Statistics showed that in February, China’s consumer price index (CPI) fell by 0.7% year-on-year, up by 0.5% in the previous month; the ex-factory price (PPI) of industrial products fell by 2.2% year-on-year, a decline that narrowed by 0.1 percentage points from January.
4. Federal Reserve Chairman Powell said that the Trump administration’s series of policies have increased uncertainty in the economic outlook, but there is no rush to adjust monetary policy at present. He also said recent indicators suggest consumer spending may slow, while surveys of households and businesses show increased uncertainty about the economic outlook, and how these developments affect future spending and investment remains to be seen.
5. According to people familiar with the matter in Moscow, the Russian government is willing to discuss a temporary truce with Ukraine provided that progress is made on a final peace settlement. People familiar with the matter said senior Russian officials conveyed the offer during a meeting with the United States in Saudi Arabia last month. Another person familiar with the matter revealed that Russia will particularly insist on determining the boundaries of the final peacekeeping mission, including the need to agree on which countries to participate.
6. Haitong Strategy released a report saying that the total inflow of foreign capital into Hong Kong stocks from 2/5 to 2/18 was approximately HK$18 billion. During the same period, the cumulative inflow of Hong Kong Stock Connect was approximately HK$56 billion. There may also be signs of foreign capital returning to the Hong Kong stock market in stages. Taking Hong Kong stocks as a reference, this round of return may be dominated by short-term flexible foreign investment, while long-term stable foreign investment may also have periodic inflows, structurally preferring Hong Kong stock technology.
global market
Last Friday, the three major U.S. stock indexes rose. As of the close, the Dow rose 0.52%, the Nasdaq rose 0.70%, and the S & P 500 rose 0.55%.
Large technology stocks were mixed, with Nvidia up 1.92%, Apple up 1.59%, and Tesla closing down 0.3%.
Most popular Chinese stocks closed up, with the Nasdaq China Golden Dragon Index rising 0.47%, Bilibili up more than 8%, Xiaopeng Motors up more than 6%, and NIO and Ideal Motors up more than 5%.
In terms of Hong Kong stocks, the three major indices all hit new intraday highs last Friday. However, as of the close, the Hang Seng Index and the National Index fell 0.57% and 0.27% respectively, while the Hang Seng Technology Index fell 0.52%. In terms of individual stock performance, sporting goods, steel, and coal stocks were among the top performers, while securities, DeepSeek, and semiconductors were among the top performers. In addition, some pharmaceutical stocks were boosted by AI benefits.
company news
Fourth paradigm (06682.HK): Together with Huawei Shengteng AI, we released a new upgraded SageOne IA all-in-one solution. Based on supporting mainstream models such as DeepSeek V3/R1, QWen2.5, and LLama3.3, companies can flexibly switch between full-blood version and multiple distillation models.
Lenovo Group (00992.HK): Since the release of the first domestic DeepSeek all-in-one solution in cooperation with Muxi Co., Ltd., the cumulative shipment volume has exceeded 1,000 units, equipped with Muxi’s domestic GPU cards, covering medical care, education, manufacturing, etc. More than ten core industries. Measured data shows that under the same concurrency conditions, the reasoning performance of the DeepSeek-R1-Distill-Qwen-14B model reaches 110%-130% of that of international mainstream GPUs.
Evergrande Property (06666.HK): Annual net profit is expected to decrease by approximately 37.3%-28.4% year-on-year to approximately 980 million-1.12 billion yuan.
Xiabu Xiabu (00520.HK): Revenue in 2024 will be approximately 4.8 billion yuan, down 20% year-on-year; net loss will be 390 million-410 million yuan. Mainly due to weak consumption and intensified competition in the industry; loss of store closures and impairment of assets.
Naixue’s Tea (02150.HK): Estimated revenue in 2024 will be 4.8 billion-5.1 billion yuan, with an adjusted net loss of 880 million-970 million yuan. Mainly due to weak consumption and loss of store closures.
