A-share evening hot topics | Nearly 30 billion Hong Kong dollars! Southbound funds significantly increase holdings of stocks exposed

Below is the main text of the evening news: 1. Net purchases of southbound funds approach nearly 30 billion Hong Kong dollars, creating a record for the highest net purchases in a single day in history Importance: On March 10th, the Hong Kong stock market experienced a pullback. However, data showed that during the pullback in the Hong Kong stock market that day, the net inflow of southbound funds approached nearly 30 billion Hong Kong dollars, setting a record for the highest single-day net purchases since the implementation of the mutual market access mechanism. With net purchases totaling more than 800 billion Hong Kong dollars in 2024, southbound funds have accelerated their flow into the Hong Kong stock market this year. As of now, the net purchases of southbound funds have exceeded 320 billion Hong Kong dollars. This year, the majority of the net purchases of southbound funds have been in technology stocks such as Alibaba, TENCENT, and Semiconductor Manufacturing International Corporation. Specifically, as of March 7th, southbound funds have net purchased 658.29 billion Hong Kong dollars in Alibaba this year, 451.53 billion Hong Kong dollars in TENCENT, more than 100 billion Hong Kong dollars in net purchases of Semiconductor Manufacturing International Corporation and China Mobile Limited, over 50 billion Hong Kong dollars in net purchases of Kuaishou, more than 40 billion Hong Kong dollars in net purchases of Xiaomi Group, and not less than 30 billion Hong Kong dollars in net purchases of Li Auto and Industrial and Commercial Bank of China. 2. Guangdong Province: Support for the integration of artificial intelligence and Siasun Robot & Automation industry chain by enterprises Importance: The General Office of the People's Government of Guangdong Province issued a notice on the implementation of several policy measures to promote the innovative development of the artificial intelligence and Siasun Robot & Automation industry in Guangdong Province. It mentioned supporting enterprises to integrate artificial intelligence and Siasun Robot & Automation industry chains, innovative chain resources, promoting clustered development, and overall enhancing the collaborative innovation capabilities of the industry chain. It will establish a system for nurturing enterprises in the field of artificial intelligence and Siasun Robot & Automation, with a backbone of individual champion enterprises and specialized and innovative SMEs. For enterprises in this field that have been awarded national champion enterprises or specialized and innovative "little giant" enterprises, on the basis of implementing provincial support policies, provincial and municipal coordination reinforcement will be implemented, encouraging cities to provide rewards. The provincial finance further incentives the award funds at a ratio of 1:1, stimulating the enthusiasm of cities. The total reward amount for national champion enterprises is up to 3 million yuan, and the total reward amount for national specialized and innovative "little giant" enterprises is up to 2 million yuan. 3. China Academy of Information and Communications Technology: Officially launches the formulation of technical standards for multimodal intelligent bodies and will hold a technical standards seminar Importance: To further accelerate the empowerment of intelligent entities in industrial applications and promote the high-quality development of multimodal intelligent entities, the China Academy of Information and Communications Technology has officially launched the work of formulating technical standards for multimodal intelligent entities. In order to fully improve the content of technical standards and enhance industry exchanges, the Artificial Intelligence Research Institute of the China Academy of Information and Communications Technology will hold a multimodal intelligent entity technology salon and technical standards seminar on March 13th, inviting industry experts to discuss the development dynamics and application of multimodal intelligent entity technology, and introducing the framework of technical standards for multimodal intelligent entities. 4. US government considers banning DeepSeek from use on US government equipment; Ministry of Foreign Affairs responds Importance: On March 10th, when asked about the measures being considered by President Trump to restrict DeepSeek, Foreign Ministry spokesperson Mao Ning stated, "We have always been against generalizing the concept of 'national security,' politicizing economic and technological issues, and we will firmly uphold the legitimate rights and interests of Chinese companies." 5. ByteDance responds to rumors of ordering 10 billion yuan worth of chips from Cambricon: The news is not true Importance: On March 10th, Cambricon's stock price rose in the afternoon, at one point increasing by over 5% and closing up 3.87% at 779 yuan per share, with a total market value of 325.2 billion yuan. There were market rumors that ByteDance had placed an order for 40,000 Cambricon 580 chips at a unit price of 25,000 yuan, totaling 10 billion yuan. In response, a representative from ByteDance stated that the news is not true and that Cambricon has not yet responded. 6. Some bank branches sell out of quotas within half an hour as the first batch of savings bonds of the year go on sale Importance: On March 10th, the first and second batches of 2025 savings bonds (bearer bonds) began to be issued. According to the announcement by the Ministry of Finance, both series of savings bonds are fixed-rate and fixed-term instruments, with a maximum total issuance amount of 30 billion yuan. The first series has a term of 3 years, a maximum issuance amount of 15 billion yuan, and a face value interest rate of 1.93%; the second series has a term of 5 years, a maximum issuance amount of 15 billion yuan, and a face value interest rate of 2%. It is understood that investors have shown high enthusiasm for purchasing savings bonds, and some bank branches have sold out shortly after opening for sales. 7. Shanghai issues a significant document concerning the construction of charging and battery swapping facilities for new energy vehicles: one-time maximum subsidy of 80,000 yuan Importance: On March 10th, in order to promote the high-quality development of charging and battery swapping infrastructure in Shanghai and better serve the rapid promotion and industrial upgrading of electric vehicles, the Shanghai Municipal Development and Reform Commission and other departments issued the "Measures to Encourage the Development of Charging and Battery Swapping Facilities for Electric Vehicles in Shanghai." The measures state that a 30% subsidy will be provided to charging companies for the equipment investments in the shared charging piles demonstration communities built since the implementation of the measures. The maximum subsidies for DC and AC facilities are 600 yuan/kW and 300 yuan/kW, respectively. For demonstration community homeowners' meetings, a one-time subsidy will be provided based on the number of newly built charging parking spaces. The subsidy standards are as follows: for 5-10 new charging parking spaces, a maximum one-time subsidy of 30,000 yuan; for 11-20 new charging parking spaces, a maximum one-time subsidy of 50,000 yuan; for over 20 new charging parking spaces, a maximum one-time subsidy of 80,000 yuan. 1. US stocks opened low and fell: The Nasdaq fell more than 2%Tesla plunges 7%US stocks collectively open lower, then fluctuate weaker, as of 22:00 at the time of writing, the Dow Jones fell by 0.8%, the Nasdaq fell by 2.3%, and the S&P fell by 1.5%. Tech stocks individually weakened, with Tesla plummeting over 7% from its historical high, Meta and Nvidia falling over 2%. Redfin rose over 70% after Rocket agreed to acquire real estate brokerage company Redfin for $1.75 billion. Novo Nordisk fell over 8% following the announcement of data for the weight-loss drug Cagrisema. 2. What's the signal? Trump: Resumed intelligence sharing with Ukraine, expecting smooth talks this week Last Sunday (9th), US President Trump announced that the US had just canceled the decision to suspend intelligence sharing with Ukraine. He expects the upcoming talks with Saudi and Ukrainian officials to yield positive results. Last week, CIA Director Ratcliff confirmed that the US had cut off intelligence support to Ukraine. He pointed out that President Trump had expressed doubts about whether Ukrainian President Zelensky was committed to the peace process in Russia and Ukraine, leading to the suspension of intelligence support and weapon supplies. 3. After being heavily hit by US stocks, Korean retail investors who love leverage turn to Chinese assets As the group of investors who love chasing hot spots with leverage, Korean retail investors heavily invested in US tech stocks have begun to pour into the fast-growing Chinese assets after experiencing the "Trump blow." According to data from the Korea Securities Depository (KSD) from mid-February (2/17-3/7), Chinese assets such as Xiaomi Group, Alibaba, and BYD Company Limited have entered the top ten of net purchases by Korean investors. Hong Kong stocks like BEIGENE, Semiconductor Manufacturing International Corporation, UBTECH ROBOTICS, Meituan, and Horizon Siasun Robot & Automation have also attracted attention from Korean retail investors. 4. Japan's basic wage growth hits 32-year high, will the Bank of Japan further raise interest rates? Data released by the Japanese Ministry of Health, Labor, and Welfare on Monday showed that in January this year, Japan's basic wages increased by 3.1% year-on-year, the largest increase since October 1992. Analysts believe that this data provides a positive signal for the Bank of Japan to weigh future monetary policy direction, making further interest rate hikes more secure. Excluding sampling issues and excluding bonuses and overtime pay, the more stable wages trend index shows that full-time employee wages increased by 3%, surpassing this threshold for the first time since July last year. However, nominal cash income growth slowed to 2.8% in January, lower than the market's general expectation of 3%. Investment opportunities in the market that are worth paying attention to include Siasun Robot & Automation. CITIC SEC stated that the driving control system is one of the most core components of the humanoid Siasun Robot & Automation power system. Both domestic and foreign whole machine manufacturers have successively introduced and initially applied humanoid Siasun Robot & Automation products. It is expected that 2025 will be the first year of mass production for humanoid Siasun Robot & Automation. In this context, most domestic general control companies have begun to layout in some areas of humanoid Siasun Robot & Automation, and it is recommended to focus on the incremental opportunities brought by humanoid Siasun Robot & Automation to general control companies. In addition, the following sectors are also worth paying attention to: 1. Cobalt|Surging domestic cobalt prices by 40% in 10 days. 2. Large models|Huawei Ascension adaptation stage leap Starry Sky multimodal open source model. 3. Computing power|The 10,000P computing power cluster in Henan is expected to be fully operational in the first quarter of this year. 4. Smart glasses|Xingjimei releases XR open platform, exploring the application of smart glasses in different vertical industries. In terms of announcements, pay attention to the positive announcement of Kingsemi Co., Ltd. planning to resume trading on Tuesday after acquiring 9.49% of the company's shares, and the negative announcement of 5 consecutive boards Hl Corp (Shenzhen) reminding of risks. Positive announcements: 1. Kingsemi Co., Ltd.: NAURA Technology Group plans to acquire 9.49% of the company's shares. The stock will resume trading on Tuesday. 2. Victory Giant Technology: Net profit in the first quarter of 2025 is expected to increase by 272.12% to 367.54% year-on-year. 3. Beijing Kingee Culture Development: Plans to acquire 43.18% of the equity and obtain control of financial software company Open Source for 413 million yuan. 4. Imeik Technology Development: Plans to acquire 85% of the shares of South Korea's REGEN Biotech for $190 million. 5. NBTM New Materials Group: Plans to acquire 20.75% of Shanghai Fuchi's shares. The stock will resume trading on March 11. 6. CNNC Hua Yuan Titanium Dioxide: Net profit in 2024 increased by 34.84% year-on-year, and plans to distribute a dividend of 0.16 yuan for every 10 shares. 7. Power Construction Corporation of CHina, Ltd: Subsidiary consortium wins bid for approximately 5.71 billion yuan engineering project.8. Ningbo Sanxing Medical Electric: Subsidiary signs overseas operating contract worth 2.67 billion yuan Negative announcements: 1. Orient Group Incorporation: Faces significant risk of being delisted due to serious violations 2. HengFeng Information Technology: Currently has no operating income within the scope of concepts such as "DeepSeek," "AI Intelligent Body," and "Siasun Robot & Automation" 3. EMTEK(Shenzhen)Co.: Siasun Robot & Automation joint venture company is still in the process of establishment and has not started operations yet 4. Two consecutive limit-up Everjoy Health Group: Shanghai Yuetxin Duobao Intelligent Technology Co., Ltd.'s 2024 operating income accounts for a very small proportion and has not yet formed a scale for sales 5. Jiangsu Jingyuan Environmental Protection Co., Ltd.: Cloud computing-related business accounts for a relatively small proportion in the company's overall business structure 6. Tibet Huayu Mining: Antimony product prices have increased significantly recently, posing a significant risk This article is reprinted from "Tencent Stock Selection", GMTEight editor: Xu Ran