A-share evening hot topics | Major signal! Wall Street tycoons explode buying Chinese assets.

Below is the main text of the evening news: 1. Good news is here! Wall Street legend buys Chinese assets heavily, multiple foreign institutions bullish on A shares Importance: Wall Street legend heavily buys Chinese assets! Recent disclosures show that David Tepper, a billionaire investor and hedge fund guru in the US, through his company Appaloosa LP, significantly increased holdings of Chinese concept stocks and Chinese stock ETFs in the fourth quarter of 2024. He had publicly stated last September, "buying all Chinese assets". Specifically, Appaloosa's holdings of Alibaba shares increased by 18% to 11.8 million shares. In addition to Alibaba, Tepper increased the number of shares of JD.com from 7.3 million to around 10.5 million shares, a 44% increase in holdings among major Chinese concept stocks. Additionally, Tepper also added positions in Pinduoduo, increasing holdings by around 55,000 shares to 5.4 million shares. It is worth noting that since the beginning of this year, especially after DeepSeek went global, many foreign institutions such as Goldman Sachs, Deutsche Bank, Bank of America, BlackRock, and UBS have expressed a bullish attitude towards Chinese assets and the A-share market. 2. Guangdong Governor conducts special research in Shenzhen! Emphasizes the need to nurture and strengthen industries like Siasun Robot & Automation, artificial intelligence Importance: On February 10th to 11th, Guangdong Governor Wang Weizhong visited Futian District, Nanshan District, and Guangming District in Shenzhen, visiting major science and technology innovation platforms and enterprises, conducting special research on the construction of modern industrial systems, and extending Lunar New Year wishes to science and technology workers, entrepreneurs, and frontline builders. He emphasized the need to cultivate and strengthen emerging industries like Siasun Robot & Automation, artificial intelligence, autonomous driving, low-altitude economy, biomanufacturing, quantum technology, as per the requirements of the province's high-quality development conference, to tailor the development of new productive forces according to local conditions, and to spare no effort in building new industrial pillars, accelerate the construction of a more internationally competitive modern industrial system. (continued in next reply)20249QUAD Biden and Trump held formal talks at the White House. This is Modi's second visit to the United States in less than six months after attending the US-Japan-India-Australia "Quad" Leaders' Summit in September 2024.Multiple Indian government officials revealed that Modi has started preparing to further reduce tariffs before his visit, in order to promote exports to the United States and avoid potential trade frictions. Sources said that India is prepared to negotiate with the US on "gradually abolishing retaliatory tariffs imposed on US goods in 2019." Currently, India has removed about 8 items from the retaliatory tariff list, but 20 items still face high tariffs. 3. Political and economic uncertainty continues in South Korea, with growth expectations being revised downward After achieving record high exports last year, the trajectory of the South Korean economy this year is surrounded by uncertainty. In early January, the South Korean government lowered its GDP growth forecast for this year to 1.8%, which was lower than the estimates of other institutions for South Korea's economic growth at the time. Now, on this basis, including the International Monetary Fund (IMF), the Korea Development Institute (KDI), several investment banks, and financial institutions have again warned of the downside risks to the South Korean economy. According to self-selected brother, the investment opportunities in the market focus on satellite internet, etc. 1. China successfully launched low-orbit satellite internet satellites. China's first successful launch of the year of the Snake in space. At 5:30 pm on February 11th, China used the Long March 8 modified carrier rocket at the Wenchang Space Launch Center to successfully launch the satellite internet low-orbit 02 satellite group into space. The satellite successfully entered its designated orbit, and the launch mission was successful. This mission was the 559th flight of the Long March series of carrier rockets. Dongxing pointed out that China's domestic satellite internet will enter the industrialization stage by 2025. From the perspective of investment certainty and sustainability, satellite internet will be the most promising sub-sector over the next five years. It is bullish on emerging technology suppliers under trends such as star-ground fusion, station-up satellite, and high-integration of low-orbit satellites. Related targets in the satellite internet industry chain: Xinkeme Mobile, Great Microwave Technology, Jushri Technologies, Inc, Zhejiang Chengchang Technology, Guangzhou Haige Communications Group Incorporated, Guobo Electronics, Hwa Create Corporation, Chengdu RML Technology, Cetc Potevio Science&Technology, Guangdong Shenglu Telecommunication Tech., Tongyu Communication Inc. (002792.SZ), and Genew Technologies. In addition, the following sectors are also worth paying attention to: 2. New Energy Vehicles | China Association of Automobile Manufacturers: In January, the retail sales of new energy passenger cars reached 744,000 units, a year-on-year increase of 10.5%. 3. Cross-border e-commerce | Guangdong: By 2027, the construction of 20 "industrial clusters + cross-border e-commerce" pilot sites. 4. Artificial Intelligence | The European Union launched a 20 billion euro fund to support the construction of artificial intelligence super factories. 5. Games | The first Esports Olympics will be held in Riyadh, Saudi Arabia in 2027. On the positive announcement front, self-selected brother recommends paying attention to subsidiary companies of Zhejiang Construction Investment Group that have been awarded bids, etc.; on the negative announcement front, pay attention to the risks associated with MeiG Smart Technology which has had seven consecutive trading limit downs. Positive Announcements 1. Zhejiang Construction Investment Group: Subsidiary CR CONSTRUCTION wins a 2.1 billion Hong Kong dollar house reconstruction project bid. 2. Anhui Zhongding Sealing Parts: Signed a strategic cooperation agreement with Zhejiang XCC Group to strengthen the cooperation for humanoid Siasun Robot&Automation parts assembly products. 3. CNGR Advanced Material: Authorized management to start preparations for overseas issuance of shares (H shares) and listing in Hong Kong. 4. Anhui XDLK Microsystem Corporation: Net profit in 2024 was 220 million yuan, a year-on-year increase of 33.25%. 5. Guang Dong Sitong Group: Controlling shareholder and actual controller Huang Jianping and its concerted action persons intend to increase their shareholding by 10-20 million yuan. 6. Hunan Fangsheng Pharmaceutical: One of the controlling shareholders plans to increase their shareholding by 2-4 million yuan. 7. Lianhe Chemical Technology: Chairman proposes to repurchase 40-80 million yuan worth of company shares. Negative Announcements 1. Seven consecutive trading limit downs for MeiG Smart Technology: Conducted model adaptation and on-device deployment for DeepSeek-related models, with uncertain effects on the company's operating performance. 2. Six consecutive trading limit downs for Zhejiang Orient Financial Holdings Group: Funds managed by the company and its fund sector have not directly or indirectly invested in DeepSeek. 3. Five consecutive trading limit downs for Hang Zhou Iron & Steel: The core technology of the company's development and application is unrelated to DeepSeek. 4. Five consecutive trading limit downs for Montnets Cloud Technology Group: The company has no business dealings with Hangzhou Deepseek Artificial Intelligence basic technology research company. 5. Jiayu Holding: There is a risk of the stock being delisted due to the stock price falling below the face value. 6. HangzhCentury: The company has no relevant cooperation with DeepSeek.Semiconductor Manufacturing International Corporation: Net profit in 2024 was 3.699 billion yuan, a year-on-year decrease of 23.3%. This article is reprinted from "Tencent Stock Selection". Editor: Xu Ran.