Evening hot topics in A shares | Leaders of financial department speak out, discussing the reduction of reserve requirements and interest rates, monetary policy, capital market reform and opening up, etc.

Below is the text of the evening news: 1. Economic theme press conference held, five "leaders" speak out Importance: The National People's Congress held an economic theme press conference, with five ministers responding to hot topics. The main points are as follows: PBOC Governor Pan Gongsheng: Will cut reserve ratios and interest rates at an appropriate time; PBOC Governor Pan Gongsheng: Will implement a moderately loose monetary policy; CSRC Chairman Wu Qing: Accelerate the promotion of a new round of capital market reform and opening up; CSRC Chairman Wu Qing: Addressing long-term fund market entry bottlenecks, strengthening strategic reserve power through multiple channels; Minister of Finance Lan Fo'an: A more active fiscal policy can be understood as "sustained effort, more forceful"; Minister of Finance Lan Fuan: The central finance has reserved sufficient tools and policy space; NDRC director: Will establish a national venture capital guidance fund; Minister of Commerce Wang Wentao: By 2025, more practical and effective measures will be introduced to expand consumption. 2. US Secretary of Defense states not seeking war with China but preparing for war, Foreign Ministry responds Importance: On the 6th, Foreign Ministry spokesperson Lin Jian chaired a regular press conference. A reporter asked about reports that the US Secretary of Defense said in an interview with the media that the US is not seeking war with China, but will rebuild the military under President Trump's leadership and prepare for war. What is the Foreign Ministry's response to this? Lin Jian advised the US not to mirror China with its hegemonic logic, not to view Sino-US relations with outdated Cold War thinking, and not to act against China under the name of strategic competition. Lin Jian stated that China's position is clear, consistent, and whether it's a "trade war" or a "cold war," it cannot be fought and cannot be won. 3. Manus AI popular, another "DeepSeek" moment approaching? Importance: Overnight, the concept of "AI intelligent agents" is popular again. The fire was ignited by another all-Chinese AI team - Manus AI. Just two months after the global popularity of DeepSeek, will Manus AI bring another shining moment? "Manus is undoubtedly a very good product, no need to elaborate. But it's not a technological breakthrough." Dr. Zengyi Qin, co-founder of MyShell, commented on social media, pointing out that Manus mostly follows predefined workflows to execute tasks in a relatively restricted work environment. 4. Jingdong heavy release: Revenue in Q4 2024 increased by 13.4% year-on-year Importance: On the evening of March 6th, JD Group released its fourth-quarter and full-year results for 2024. In 2024, JD Group's annual revenue was 1.1588 trillion yuan, a year-on-year growth of 6.8%. Revenue in the fourth quarter of last year was 347 billion yuan, a year-on-year increase of 13.4%, with product revenue up 14.0% year-on-year, exceeding the growth rate of physical goods online retail during the same period, and service revenue up 10.8% year-on-year. Both product and service revenues achieved double-digit year-on-year growth. 5. RMB exchange rate rises by more than 150 points in a day, USD index hits three-month low, what's going on? Importance: Data shows that as of 4:30 pm on March 6th, the onshore RMB against the US dollar closed at 7.2428, up 152 basis points from the previous trading day, and up over 500 basis points from the closing on the first trading day of March 3rd, reaching a high of 7.2345 during the day. Since March, the onshore RMB exchange rate has seen a short-term upward trend. At the same time, the USD index has continued to fall to around 104, hitting a new low in nearly three months. Market analysis believes that Trump's tariff policy fluctuations coupled with concerns about the US economic outlook have led to the selling of the US dollar. In addition, the external pressure on the RMB has temporarily eased, leading to a passive rebound. 6. Tech stocks become "hotcakes" Insurers, funds increase research frequency by breaking thresholds Importance: Data shows that since the beginning of 2025, insurers have continued the trend of conducting intensive research on listed companies at the end of 2024. As of March 5th, over a hundred insurance companies have collectively conducted over a thousand research on A-share listed companies, an increase of nearly 20% compared to last year. Compared to before, institutions have significantly increased their focus on tech companies. According to statistics, there are 14 A-share listed companies that are most favored by funds and have been jointly researched by over 50 fund companies. These include Guangzhou LBP Medicine Science & Technology, Shanghai United Imaging Healthcare, Shenzhen Inovance Technology, Northking Information Technology Co., Ltd., which were also key research targets for insurers. 1. As scheduled, the European Central Bank lowers interest rates by 25 basis points On March 6th local time, the European Central Bank decided to lower interest rates by 25 basis points, reducing the deposit rate from 2.75% to 2.5%. Previously on January 30th, the European Central Bank had decided to lower the three key interest rates of the euro area by 25 basis points, with the deposit facility rate lowered to 2.75%, the main refinancing rate to 2.90%, and the marginal lending rate to 3.15%. 2. Has Wall Street reached a consensus? JP Morgan, Goldman Sachs models both show: US recession risk is rising Due to the uncertainty of tariff policies and weak economic data, concerns about the US economic outlook are increasing on Wall Street. Several top investment bank models show a significant increase in the implied probability of an economic recession, sounding the alarm for the US economic outlook. According to JPMorgan's model, the implied probability of an economic recession has risen from 17% at the end of November last year to 31%. Goldman Sachs' model also shows a similar trend, with the risk of an economic recession rising from 14% in January to 23%."Cmo ests hoy?"3. Media reports that Trump will abolish the US Department of Education and may sign an executive order as early as Thursday According to reports citing sources, US President Trump is expected to sign an executive order as early as Thursday local time, aimed at abolishing the US Department of Education. The draft order instructs Education Secretary Linda McMahon to "take all necessary steps, to the maximum extent permitted by law, to facilitate the closure of the Department of Education." The draft states, "The experiment of controlling American education through federal programs and funds, as well as the unregulated bureaucratic systems supported by these programs and funds, has failed our children, teachers, and families." The draft is marked as "decision pending," indicating its content may be subject to adjustment. 4. US interference in Ukrainian politics? Trump's senior aides reportedly held secret meetings with Zelensky's political opponents According to media reports, as US President Trump became at odds with Ukrainian President Zelensky, four of Trump's aides held secret meetings with some major political opponents of Zelensky. According to three Ukrainian lawmakers and a US Republican foreign policy expert, Trump's senior aides met with leaders of the Ukrainian opposition, former Prime Minister Yulia Tymoshenko, and senior members of the party of former Ukrainian President Petro Poroshenko. The focus of the discussions was whether Ukraine can hold presidential elections soon. Regarding investment opportunities in the market, there is attention on semiconductors, among other sectors.Shares may be auctioned by the judiciary.4. HG Technologies: Vice General Manager Li Anzhou resigns due to work reasons. 5. Ningbo Huaxiang Electronic: The company is still in the early exploration stage in the field of humanoid Siasun Robot & Automation. This article is reproduced from "Tencent Self-selected Stocks", GMTEight editor: Xu Ran.