Macro news

1, February 7, the China Securities Regulatory Commission issued the implementation of the "Five Major Articles on the Capital market to do a good job in finance" implementation opinions, proposed 18 policy measures. The "Implementation Opinions" focus on supporting the development of new quality productive forces, highlighting the deepening of the comprehensive reform of capital market investment and financing, enhancing the inclusiveness and adaptability of the system, and promoting the concentration of factor resources in major strategies, key areas and weak links such as scientific and technological innovation, advanced manufacturing, green and low-carbon, and universal well-being. The "Implementation Opinions" mentioned that more efforts will be made to support the issuance and listing of science and technology enterprises that break through key core technologies in new industries, new formats and new technologies; We will expand the scope of trials for long-term stock investment with insurance funds.

2, CSRC spokesman Zhou Xiaozhou on the "Implementation Opinions on the Capital market to do a good job in the financial" of the "five big articles", said that support for high-quality science and technology enterprises to issue and list, optimize science and technology listed companies mergers and acquisitions, equity incentives and other systems. We will open up the entry card points of medium and long-term funds such as social security, insurance, and financial management, and accelerate the promotion of digital and intelligent enabling capital markets. We will make the capital market system more inclusive and adaptable, and intensify reform on the investment side.

3. Foreign Ministry Spokesperson Lin Jian held a regular press conference yesterday. Reporters asked, Panama announced that it will withdraw from the "Belt and Road" cooperation agreement signed with China, and has notified the Chinese side 90 days in advance as required. Lin Jian said that China firmly opposes the actions of the United States to discredit and undermine the cooperation on the Belt and Road through pressure and coercion, and deeply regrets that the Pakistani side said it would not renew the memorandum of understanding.

4. It is reported that China's State Administration for Market Regulation is conducting an anti-monopoly investigation against Apple. Lin Jian responded that he was not aware of the relevant situation and suggested asking the competent Chinese authorities.

Industry news

1. China's foreign exchange reserves at the end of January were US $3.209 trillion, an increase of US $6.679 billion from the previous month; China's gold reserves at the end of January were 73.45m ounces, up 160,000 ounces from the previous month and the third consecutive month of increases.

2, the State Financial Supervision Administration issued the "Notice on the Pilot investment of insurance funds in gold business", starting from the date of the release of the "Notice", the pilot investment of insurance funds in gold business. In terms of pilot content, the "Notice" defines the business scope and investment mode of pilot investment in gold, and identifies 10 pilot insurance companies.

3. It is reported that for the 2025 Global Developer Pioneer Conference to be opened in Xuhui, Shanghai from February 21 to 23, the organizing committee of the conference has contacted the DeepSeek team, and DeepSeek will actively participate in the entire conference.

4. Bank of America strategists expect the lead to continue to fade after the U.S. stock market stops its sustained rally in early 2025. Strategists say they recommend going long on Chinese stocks because they don't expect the trade and technology war to escalate.

5. The General Office of the Chongqing Municipal People's Government recently issued the notice of Several Policy Measures to Promote the Sustainable Upward trend of the Economy in Chongqing. In terms of real estate, Chongqing will improve the pilot policy of individual housing property tax in the city, and will no longer include the purchase of ordinary residences by people outside the city into the scope of taxation.

6. On February 7, Shanghai Communications Administration issued the Action Plan for Shanghai Information and Communication Industry to focus on improving enterprise experience and continuously building world-class communication service level and business environment. The action plan proposes that in 2025, an additional 10,000 5G-A base stations will be deployed, and Shanghai will strive to account for more than 70% of 5G network traffic, and the density of 5G base stations will continue to remain the first in the country.

7. According to data from the online platform, as of 2pm on February 7, the box office of the film Ne Zha (including pre-sales) exceeded 6.792.2 billion yuan, surpassing the box office of Star Wars: The Force Awakens and topping the global film history single market box office list.

Company news

1, in response to Ali's investment in DeepSeek rumors, Ali's public relations head denied it. The responsible person said that as a company in Hangzhou, China, we applaud DeepSeek, but the information that Ali invested in DeepSeek circulated by the outside world is false news.

2, Longji Green Energy announced that the subsidiary won the bid for the largest centralized BC project in China, and the bid amount was 371 million yuan.

3. Guotai Junan announced that A-shares will resume trading on February 10, 2025.

4, Haitong Securities announcement, the company proposed to terminate the listing application.

5, Opumai announcement, intends to buy 100% of the shares of Pengli Biology, stock resumption.

6, Wolong electric Drive announcement, robot-related products and applications accounted for about 2.7% of the overall operating income, will not have a significant impact on the current operating results.

7, Fumiao technology announced that the controlling shareholder will be changed to Yongzhuo Holdings, and the stock will resume trading.

8. Fulin Seiko announced that it signed the "Humanoid Robot Application Project Investment Cooperation Agreement" with Zhiyuan Robot.

Global market

1, the three major indexes of the US stock market collectively closed down, the Nasdaq fell 1.36%, this week fell 0.53%; The Dow fell 0.99 percent, down 0.54 percent for the week; The S&P 500 fell 0.95 percent, down 0.24 percent for the week. Amazon fell more than 4%, its biggest one-day drop since Dec. 18. Tesla fell more than 3 percent and nearly 11 percent for the week, its biggest drop since October. Most popular Chinese stocks rose, with the NASDAQ China Golden Dragon Index up 1.35%. Major European indexes closed in the red, with Germany's DAX30 index down 0.6 percent.

2. The settlement price of international crude oil futures rose slightly. WTI March crude oil futures rose 0.55%, down 2.11% for the week; Brent crude for April delivery was up 0.5% and down 1.33% for the week.

3, spot gold reached a new high in the day, once stood at $2886 / ounce. COMEX gold futures rose 0.35%, up 1.83% for the week. COMEX silver futures fell 1.28 percent, down 0.15 percent for the week.