A-share evening hot topics | The Central Commission for Discipline Inspection speaks out! Concerns corruption in the financial and other fields

1. Central Commission for Discipline Inspection: Intensify the investigation of corruption cases involving political and economic issues, focus on improving the systematic rectification of areas such as finance and state-owned enterprises. Importance: The Fourth Plenary Session of the 20th Central Commission for Discipline Inspection of the Communist Party of China was held in Beijing from January 6th to 8th, 2025. The meeting proposed to strengthen the mechanism for investigating and rectifying improper practices and corruption issues, and focus on promoting deepening the rectification of proper conduct and anti-corruption efforts. The meeting emphasized the need to continuously crack down on corruption, intensify the investigation of corruption cases involving political and economic issues, and pay special attention to the systematic rectification of areas such as finance, state-owned enterprises, energy, fire protection, tobacco, medicine, universities, sports, development zones, engineering construction, and bidding. 2. SASAC: To vigorously develop artificial intelligence and accelerate the establishment of institutional mechanisms adapted to the development of artificial intelligence. Importance: Tan Zuojun, member of the Party Committee and Deputy Director of the State-owned Assets Supervision and Administration Commission of the State Council (SASAC), attended the closing ceremony of the special training class on artificial intelligence for central enterprises held at the China Telecom Corporation Party School, and emphasized the need to vigorously develop artificial intelligence to promote the high-quality development of central enterprises. Tan Zuojun stated that it is necessary to keep up with the latest developments in artificial intelligence, actively embrace the wave of artificial intelligence, strengthen artificial intelligence thinking, grasp the development laws of artificial intelligence, and strive to become an explorer, organizer, and driver of the development of artificial intelligence. Efforts should be made to accelerate the learning and application of artificial intelligence, deepen the "root technology" of artificial intelligence, implement the "AI+" action, strengthen the empowerment of artificial intelligence in various industries, drive technological innovation, and make artificial intelligence a powerful engine for industrial upgrading. 3. Reports suggest Trump is considering announcing a national economic emergency to introduce new tariff plans. Importance: According to Sina's report, four informed sources stated that Trump is considering declaring a national economic emergency to provide a legal basis for imposing a large number of universal tariffs. This declaration would allow Trump to use the International Emergency Economic Powers Act (IEEPA) to establish a new tariff plan, which unilaterally authorizes the president to manage imports during a national emergency. One source pointed out that Trump likes this law because it gives broad jurisdiction over how tariffs are implemented without strict requirements to prove that tariffs are for national security reasons. The Trump transition team did not respond to requests for comment. 4. The debut of the Sci-Tech Innovation Comprehensive Index! With a market value coverage of nearly 97%, how is it different from the Sci-Tech 50? Importance: On January 8th, the Shanghai Stock Exchange and China Securities Index Co., Ltd. announced the release schedule for the Shanghai Sci-Tech Innovation Board Composite Index and the price index Shanghai Sci-Tech Innovation Board Composite Price Index (referred to as the Sci-Tech Innovation Composite Index). To compare the Sci-Tech Innovation Composite Index with the Sci-Tech 50 Index, there are three main differences: From the perspective of index positioning, the Sci-Tech Innovation Composite Index is positioned as a comprehensive index, with a market value coverage of close to 97%, mainly serving as a representation of the Sci-Tech Innovation Board market; the Sci-Tech 50 Index is positioned as a constituent index, with a market value coverage of 45%, mainly serving investment functions. In terms of market value distribution, the Sci-Tech Innovation Composite Index includes various types of securities of large, medium, and small market capitalization, with the total market value average and median being 113 billion yuan and 51 billion yuan respectively, which is basically consistent with the entire Sci-Tech Innovation Board market; while the Sci-Tech 50 Index includes leading securities with large market capitalization on the Sci-Tech Innovation Board, with an average market value and median market value of 674 billion yuan and 370 billion yuan respectively. In terms of industry distribution, the industry distribution of the Sci-Tech Innovation Composite Index is relatively balanced, with industries such as semiconductors, power equipment, mechanical manufacturing, and medicine accounting for a high number and weight, with the semiconductor industry accounting for 38%; while the industry distribution of the Sci-Tech 50 is more focused, with the semiconductor industry accounting for 62%. 5. S&P Consumer ETF halts trading for an hour again on Thursday, with multiple cross-border ETFs trading at a high premium. Importance: On January 8th, the turnover rate of the E Fund SP Consumer ETF reached 1028.91%, with a turnover exceeding 6 billion yuan. By the close, the ETF premium rate was close to 40%. On the evening of January 8th, the E Fund SP Consumer ETF issued an urgent reminder of premium risks and will halt trading for an hour on the morning of January 9th. Recently, several cross-border ETFs have been trading at high premiums. Industry insiders remind that some cross-border ETFs have significant deviations in their on-exchange prices from their net asset values, indicating speculative market phenomena. Investors should remain cautious, as a high premium often implies risks. 6. The impact of low price and low quality of photovoltaics: Central enterprises take action to further tighten quality controls in the new round of centralized procurement. Importance: China's China Resources Group's China Water Resources and Hydropower Material Group Co., Ltd. recently held a photovoltaic component procurement quality and technology seminar and released "20 Guidelines for Photovoltaic Quality Control". This is the first time that the purchasing side of the photovoltaic industry has explicitly stipulated an increase in component quality control standards since the intensified competition within the industry, emphasizing strict limitations on low-price and low-quality products during centralized procurement. 7. Anticipation that SAIC and Huawei will announce cooperation tomorrow? SAIC's Latest Response Importance: On January 8th, there were reports that SAIC Motor Corporation and Huawei would officially announce a signing of a cooperation agreement tomorrow. In response to this, a SAIC Motor Corporation spokesperson stated that they were not aware of the specific situation, and if there are any related news, the company would announce it through official media. The company maintains an open attitude towards cooperation with other enterprises. In fact, there were previous rumors in November 2024 that SAIC Motor Corporation was in contact with Huawei for cooperation. The project was led by SAIC Motor Corporation President Jia Jianxu personally, and it may open up a new model other than the three existing cooperation models with Huawei (supplier, HI, Smart Select Car), and it is not ruled out that SAIC Motor Corporation may strategically invest in a subsidiary of Huawei. At that time, the other party did not respond. In addition to these, the following news items are also worth noting: 8. Beijing Business Daily: Do not exclude high-priced and high-performance stocks with high distribution. 9. The Boao Forum for Asia Annual Conference 2025 will be held in March this year. 1. Goldman Sachs issues a major warning, super bigshots speak out! Is the U.S. stock market about to face a correction? Goldman Sachs analysts recently pointed out that since December 18, 2024, the Federal Reserve has.After the policy shift towards the hawkish side, the financing spread dropped sharply, and the selling pressure in the current cycle of the commodity market continues to exist. This situation is similar to the market dynamics in December 2021, indicating potential downside risks for US stocks. Howard Marks, co-founder of Oaktree Capital Management, pointed out some danger signals in the market, such as valuations that may imply lower long-term returns or recent significant declines.2. AI is unstoppable! Amazon is investing $11 billion to expand its data center in Georgia Amazon's cloud computing division, Amazon Web Services (AWS), plans to invest at least $11 billion in Georgia to expand its infrastructure and support various cloud computing and artificial intelligence technologies. The prosperity of artificial intelligence has driven the expansion projects of many data centers today, with Georgia becoming a popular location. 3. Trump 2.0 or political turmoil has a greater impact? South Korean government lowers economic expectations for this year The South Korean Ministry of Planning and Finance predicts a 1.8% growth in South Korea's actual Gross Domestic Product (GDP) this year, a decrease of 0.3 percentage points compared to the previous year. Oxford Economics Institute forecasts a 1.9% GDP growth for South Korea in 2025. The prospect of Trump's tariffs may affect investment plans and create challenges in South Korea's external environment. However, strong exports of electronic products and increased demand in the United States by 2025 may boost exports and support growth. Nevertheless, the recovery of domestic consumption in South Korea may remain unstable. Market attention is focused on investment opportunities identified by Ge Bo, including humanoid Siasun Robot & Automation and home appliances. Tesla's "major update" for Siasun Robot & Automation is coming soon? Musk teases ahead of time again On January 7th local time, Musk revealed during a recent live stream gaming session, "In the coming weeks, we may update Optimus (the humanoid Siasun Robot & Automation Bumblebee), the progress of which is going very smoothly, the team is doing great." From Musk's previous statements, this update may not be ordinary. According to the Shanghai Securities Report, the entry of humanoid Siasun Robot & Automation into industrial scenes has become a trend with high certainty domestically and internationally. The commercialization of humanoid Siasun Robot & Automation is expected, and it is recommended to pay attention to domestic component manufacturers benefiting from it. It is also suggested to follow events in the humanoid Siasun Robot & Automation industry chain, such as the latest progress updates on Optimus and the release of achievements by domestic and international manufacturers. Family incentives for 2025 exceed market expectations. List of home appliance stocks with high dividends and consecutive revenue growth revealed On January 8th, the National Development and Reform Commission and the Ministry of Finance issued a notice on the policy of vigorously supporting the replacement of old equipment and consumer products with new ones by 2025, focusing on supporting home appliance products. Southwest believes that under more active fiscal policies and moderately loose monetary policies in 2025, stimulating domestic demand remains an important topic in economic development. As a highly standardized and competitive market, the home appliance industry is expected to be one of the most benefiting consumer product categories. Overall, the home appliance industry in 2025 will be a year of refocusing on investment opportunities for domestic demand, with high-value single products benefiting, potentially leading to a return to a track of consumer upgrading, and a more benign competition. According to Data Bao statistics, as of the closing on January 8th, 8 stocks had a rolling price-to-earnings ratio of less than 20 times. In addition, the following sectors are also worth paying attention to: Foldable screen | Reports suggest Apple will launch a small foldable iPhone in Q3 next year New energy vehicles | China Association of Automobile Manufacturers (CAAM): Preliminary statistics show that in December, retail sales of new energy passenger cars reached 1.379 million units, a year-on-year increase of 46% Vaccine | Mainland China's first! Merck's quadrivalent HPV vaccine for males receives approval for use In terms of positive announcements, self-selected Ge recommends paying attention to Muyuan Foods expected net profit turning from a loss to a profit in 2024, among others. On the negative side, caution is advised for Guangdong Shunna Electric and its valuation compared to the industry average, among others. Positive announcements: 1. Muyuan Foods: Expected net profit attributable to shareholders in 2024 is between 17 to 18 billion RMB, turning from a loss to a profit compared to the previous year 2. Zhuhai Enpower Electric: Jointly established an eVTOL joint venture company with EHang Intelligent 3. Aima Technology Group: The actual controller, chairman, and general manager, Zhang Jian, has been released from custody 4. Dongguan Eontec: The company has expanded its investment in liquid metal projects to 500 million RMB 5. Shenzhen Woer Heat-shrinkable Material: The company's high-speed communication line orders are saturated, and 224G high-speed communication line products are currently being delivered in large quantities Negative announcements: 1. Guangdong Shunna Electric, which has had 8 consecutive trading halts: The company's latest price-to-earnings ratio and price-to-book ratio differ significantly from the industry average 2. Shaanxi Meibang Pharmaceutical Group, which has had 5 consecutive trading halts: The "one certificate, one product" policy has a minor impact on the company 3. Jiangsu Seagull Cooling Tower, which has had 3 consecutive trading halts: The company itself is not involved in the construction of nuclear power and data center projects 4. Shenzhen Hopewind Electric, which has had 3 consecutive trading halts: The company currently has no orders related to data center business, and is not involved in the data center trend 5. Anhui Jianghuai Automobile Group Corp., Ltd.: Vehicle sales in 2024 were 403,100 units, a 7.42% decrease year-on-year This article is reproduced from "Tencent Self-selected Stocks." Editor: Xu Ran.