A-share evening hot topics | CSRC heavyweight! Involving the entry of medium and long-term funds into the market.

1. The capital market implements 18 policy measures to do a good job in the financial "five major articles", with a critical importance of . On February 7, the China Securities Regulatory Commission released the "Implementation Opinions on Doing a Good Job in the Financial" Five Major Articles "of the Capital Market". The implementation opinions are divided into 8 parts and include 18 measures. The implementation opinions focus on supporting the development of new quality productivity, highlighting the comprehensive reform of capital market investment and financing, enhancing institutional inclusiveness and adaptability, and promoting the aggregation of factor resources to major strategies, key areas, and weak links such as technological innovation, advanced manufacturing, green low-carbon, and inclusive livelihoods. The following are key points related to the policies: 1. Support the issuance and listing of high-quality technology companies, and continue to promote the implementation of comprehensive policies such as the "Sixteen Policies for Technology" and the "Eight Policies for the Science and Technology Innovation Board". Improve the inclusiveness of ShenZhen New Industries Biomedical Engineering for new formats and technologies, and guide technology companies to reasonably utilize the "two markets, two resources" for listing domestically and abroad. 2. Optimize the merger and restructuring, equity incentive and other systems of technology companies listed. Implement the "Six Policies for Mergers and Acquisitions" and support listed companies in implementing mergers and acquisitions around industrial transformation and upgrading, and strengthening and complementing the chain. 3. Promote the inclusion of qualified equity public funds such as index funds in personal pension investment scope. 4. Promote the improvement of the equity investment supervision system for insurance funds, better encourage and guide insurance companies to conduct long-term equity investment, and expand the scope of pilot projects for long-term stock investment by insurance funds. And more measures are included. 2. The China Banking and Insurance Regulatory Commission: Launching a pilot program for insurance funds to invest in gold business, with 10 insurance companies participating, with a critical importance of . According to the China Banking and Insurance Regulatory Commission, to broaden the channels for the use of insurance funds, optimize the structure of insurance assets allocation, and promote insurance companies to enhance their asset-liability management capabilities, the China Banking and Insurance Regulatory Commission issued the "Notice on launching a pilot program for insurance funds to invest in gold business". The pilot program for insurance funds to invest in gold business will be launched from the date of the issuance of the notice. The notice specifies requirements for the pilot program in terms of content, requirements, and supervision and management. And more news is included.The access rights of the United States Department of Efficiency to the US Treasury payment system are temporarily restricted. As a result, Musk himself will be unable to review the data retrieved from the payment system. Meanwhile, Kollar-Kotelly is also considering issuing a more permanent injunction.At the moment when this temporary ban was issued, officials from the US Treasury Department and the White House are trying to calm people's concerns about Musk's claims of being able to access the US Treasury payment system and his broader authority. US President Trump stated earlier that Musk cannot do anything without White House approval, indicating that if there is disagreement, Musk will be prevented from taking action. Apple finally making a move? The new iPhone SE is about to disrupt the affordable smartphone market. According to the latest revelations from well-known tech journalist Mark Gurman, Apple is planning to release the highly anticipated new iPhone SE in the coming days. Gurman reported that insiders revealed that Apple is expected to release this smartphone as early as next week and start selling it later this month. Apple is unlikely to hold a product launch event for this device, but will choose to release it on its website. The iPhone SE series was introduced in 2016 and is a more affordable product line in Apple's lineup of smartphones. The most recent update was in 2022, and the design is slightly outdated, as it is currently Apple's only iPhone with a physical home button. In terms of investment opportunities, gold and other assets remain popular. 1. The People's Bank of China increased its gold reserves for the third consecutive month in February. The data released by the central bank on February 7th showed that China's gold reserves at the end of January were 73.45 million ounces, marking the third consecutive month of increasing gold reserves. At the end of December last year, the central bank's gold reserves were 73.29 million ounces, and at the end of November, it was 72.96 million ounces. The China National Gold Group Gold Jewelry Association released statistics at the end of January showing that the People's Bank of China accumulated 44.17 tons of gold in 2024. As of the end of last year, China National Gold Group Gold Jewelry reserves were 2,279.57 tons, ranking sixth in the world. The World Gold Council predicts that central bank and ETF investors may drive demand throughout 2025, with economic uncertainties supporting gold as a hedge against risks. EB SECURITIES predicts that as global central banks accelerate interest rate cuts and geopolitical tensions stimulate fluctuating risk aversion, gold remains a favored investment product. It is expected that the spot gold price could reach $3,000 per ounce by the end of 2025. Institutions such as Goldman Sachs, JPMorgan, and Citigroup also believe that $3,000 per ounce will be the target price for gold in 2025. In addition, the following sectors are also worth paying attention to: 2. New Energy Vehicles: The China Association of Automobile Manufacturers estimates that wholesale sales of passenger vehicles in January will be 900,000 units, a year-on-year increase of 31%. 3. Artificial Intelligence: Byte's latest OmniHumanDIGIHUMAN model is set to be launched by JAN DREAM AI. In terms of announcements, it is worth paying attention to LONGi Green Energy Technology's subsidiary being awarded contracts, and also to the risks associated with Shanghai New Centurion Network Information Technology, which has seen a continuous seven-day rise in its share price.