Pre-market report on A shares: Trump considers suspending TikTok ban, Microsoft Corporation (MFST.US) blows the trumpet, quantum concept soars.

Investment Calendar TSMC's fourth quarter financial report will be announced today Editor's point of view Editor's point of view: Yesterday, the two markets fluctuated and adjusted, with market hotspots rotating quickly, but the intensity was limited; BOC International believes that the market's stabilization conditions depend on the landing of external risk events. Pre-market news 1. Trump considers signing executive order to suspend TikTok ban after taking office Type: Company Emotional impact: Positive According to CCTV news, U.S. President-elect Trump is considering issuing an executive order after taking office to suspend the sale of TikTok for 60 to 90 days. Trump stated that he has a wide fan base on this platform with over 14 million followers. He hopes to fulfill his campaign promises. 2. Quantum field is turbulent again! Microsoft claims 2025 as the year of quantum readiness, concept stocks soar Type: Industry Emotional impact: Positive Overnight, most quantum computing concept stocks in the U.S. surged, with IonQ up more than 33%; as tech giant Microsoft stated in an official blog that 2025 is the "year of quantum readiness." In addition, NVIDIA announced that it will host the first "Quantum Day" on March 20, where Huang Renxun will discuss the latest developments in quantum computing alongside industry leaders. 3. Latest deployment by the Ministry of Commerce and other departments! Involves subsidies for trading in old for new home appliances, mobile phones, and more Type: Macro Emotional impact: Positive The Ministry of Commerce and several other departments issued a document proposing that individual consumers purchasing digital products such as phones, tablets, and smart watches can enjoy subsidies for buying new products, up to a maximum of 500 yuan; subsidies will also be given to the purchase of 12 types of home appliances such as refrigerators, washing machines, and TVs with energy efficiency ratings of level 2 or above, with each subsidy not exceeding 2000 yuan. 4. State Council introduces new regulations! Regulate intermediary agencies providing services for companies' public issuance of stocks Type: Market Emotional impact: Positive The State Council issued regulations to standardize the services provided by intermediary agencies for companies' public issuance of stocks. It stipulates that intermediary agencies must not engage in illegal acts such as cooperating with companies to commit financial fraud, fraudulent issuances, or illegal information disclosure; local governments at all levels must not reward issuers or intermediary agencies based on the results of the public issuance of stocks. Institutional perspectives 1. BOC International: The market's stabilization conditions depend on the landing of external risk events, and in the longer term, finance is a key factor. 2. Sinolink: Expecting a "spring surge", industry allocation prefers TMT and other growth stocks, with consumer stocks like social services as secondary choices. 3. Orient: Approaching the end of the year, the market is showing some signs of weakness, with medium-term stock market returns gradually moving towards stability and predictability. Positive and negative outlook 1. Insurance funds take action again! Ping An Life acquires stakes in Postal Savings Bank of China and China Merchants Bank H shares Type: Market discussion Galaxy Securities: Counter-cyclical adjustments strengthened, the orientation of preventing and resolving risks in key areas remains unchanged, and bank asset quality is expected to benefit; increased efforts in market value management are expected to boost the valuation center of banks, continuing to see the value of bank sector allocation. 2. Domestic video generation large model Vidu 2.0 launches: "Out film" in 10 seconds Type: Market discussion Open Source Securities: Multi-modal AI applications are expected to significantly reduce the production costs of short films, animations, TV series, and movies, improving the efficiency of IP development and expanding the monetization capacity of film and television IP, with top IP in advantage, film and television companies or more benefiting. 3. iPhone 17 series news: New models will feature products with VC heat dissipation Type: Market discussion Southwest: AI phones require processing large amounts of data during model operation, leading to higher power consumption, thereby further improving the phone's heat dissipation performance. High-end phones are gradually adopting a "thin VC heat dissipation plate + graphite and graphene" cooling solution. Announcement Express More positive announcements 1. Espressif Systems: expects a 120%-150% increase in net profit in 2024 2. Hubei Dinglong: expected annual profit of 4.9 billion to 5.3 billion yuan in 2024, a year-on-year increase of about 121%-139% 3. Aerospace Intelligent Manufacturing Technology: expected profit of 7.2 billion to 8.6 billion yuan in 2024, a year-on-year increase of 70% to 103% More negative announcements 1. Shanghai Laiyifen: the company's sales on the WeChat channel account for less than 1% of the company's revenue 2. Beijing Wantai Biological Pharmacy Enterprise: expected a 90% to 93% decrease in net profit in 2024 3. Nanjing Chemical Fiber: expected a loss of 3.93 billion to 5.7 billion yuan in net profit in 2024 Overseas market As of the time of translation, the U.S. core CPI unexpectedly slowed in December, combined with the overall outperformance of several large banks, the three major U.S. stock indexes saw significant gains, with tech stocks rising collectively, Tesla up by 8%, and popular Chinese concept stocks generally rising. This article is reprinted from "Tencent Choose Stocks", edited by GMTEight: Jiang Yuanhua.