A-share evening hotspots | State Council releases! Artificial intelligence welcomes heavyweight good news

1. State Council issues documents! Concerning the construction of multiple application scenarios such as artificial intelligence Importance: On November 7th, the General Office of the State Council issued the "Implementation Opinions on Accelerating Scenario Cultivation and Openly Promoting the Large-Scale Application of New Scenarios." The document focuses on building new application scenarios in new areas and new tracks, and constructing new formats of industrial transformation and upgrading in five aspects, proposing key areas for scenario cultivation and open innovation in 22 categories. Here are some key contents: Explore the application of new technologies such as metaverse, virtual reality, intelligent computing power, Siasun Robot & Automation, etc. in areas such as office, socializing, consumption, entertainment, etc., and promote the deep integration of the real economy and the digital economy. Promote the cultivation and openness of scenarios such as deep-sea detection, deep-sea mining, deep-sea aquaculture, marine engineering equipment, marine electronic information, marine biomedicine, etc., to create a source of innovation for deep-sea technology. Promote the integration application of new generation information technologies such as big data, Internet of Things, brain-machine interfaces, medical Siasun Robot & Automation and other intelligent devices, innovate medical application scenarios such as health consultation, diagnostic guidance, auxiliary diagnosis, telemedicine, medication review, etc. In the field of artificial intelligence. Strengthen key core technology research and application, accelerate the cultivation and openness of high-value application scenarios, and better meet the development needs of various fields such as science and technology, industry, consumption, livelihood, governance, global cooperation, etc. Comment: The State Council is making significant efforts to accelerate the application of AI. In recent days, the peripheral markets are all worried about the AI bubble, and tech stocks are plummeting. But in my opinion, only those that cannot be implemented are called bubbles, and AI is clearly not. Therefore, we can also see that we are accelerating our own path. In directions such as technology chips, we may still have some gaps with others, but in AI application, we are no worse than them! 2. Central Bank continues to increase gold holdings for the 12th consecutive month Importance: The latest data from the central bank shows that as of the end of October, China National Gold Group Gold Jewelry reserves reached 74.09 million ounces (approximately 2304.457 tons), an increase of 30,000 ounces (approximately 0.93 tons) month-on-month, achieving the 12th consecutive month of net purchases. Although the scale of this increase is slightly lower than the recent monthly increase levels, it continues the strategic rhythm of the central bank continuously allocating gold. Comment: In the past, it was said that "stocks rise, gold falls," but now this rule has also lost its effectiveness. Against a background of geopolitical tensions and a weakening US dollar, the current market sentiment is: wanting to seize opportunities while avoiding risks. Investors are buying stocks to chase returns, and also buying gold to hedge risks. 3. Ministry of Finance: Use a more proactive fiscal policy to continue implementing the campaign to boost consumption Importance: On November 7th, the Ministry of Finance released the "Report on the Implementation of China's Fiscal Policies in the First Half of 2025." The report mentioned using a more proactive fiscal policy adequately. Continue to implement the special campaign to boost consumption, providing fiscal subsidies for key areas such as personal consumer loans and loans to relevant industry entities to stimulate the potential of service consumption in areas such as elderly care and childcare. 4. Two departments temporarily suspend the implementation of multiple export control announcements, involving rare earths, lithium batteries, etc. Importance: According to the Ministry of Commerce website, with approval, the Ministry of Commerce and the General Administration of Customs have announced that Announcement Nos. 55, 56, 57, 58 of 2025, as well as Announcement Nos. 61 and 62 of 2025 by the Ministry of Commerce, will be temporarily suspended from implementation until November 10, 2026. It is worth mentioning that Announcement Nos. 55, 56, 57, 58 are announcements issued by the two departments regarding the implementation of export control on items related to superhard materials, some rare earth equipment and raw materials, lithium batteries and synthetic graphite negative electrode materials, some medium and heavy rare earths, etc. Comment: Control, some stockholders say it will raise prices, so it is good news; suspension of control, some investors say it is a loosening, an increase in sales is also good news... I am puzzled, why is everything interpreted as good news no matter how you interpret it? 5. Government shutdown, non-farm report cannot be released as scheduled Importance: Due to the government shutdown in the United States, the October non-farm payroll data, originally scheduled to be released on the evening of November 7th at 21:30, is likely to not be released as scheduled. This will be the second consecutive absence of the non-farm report, as the September non-farm report also could not be released as scheduled. The U.S. Secretary of Labor recently reiterated that the non-farm report would be released when the government resumes work, and economic data cannot be released before that. Comment: Non-farm has been "missing" for two consecutive months. The ADP employment data, an important substitute indicator, has already been released, recording an increase of 42,000 new jobs, far exceeding market expectations. This has sent a positive signal of the U.S. job market rebounding and the economy maintaining momentum. If the subsequent reissued non-farm data also shows better-than-expected performance, it will further strengthen the hawkish tendency of the Fed policy layer. 6. National Energy Administration: Accelerate the development of the photovoltaic and wind power industry in mining areas Importance: On November 7th, the National Energy Administration issued guidance on promoting the integrated development of coal and new energy. The guidance proposes to accelerate the development of the photovoltaic and wind power industry in mining areas. Effectively activate mining area land resources, in mining areas with abundant sunlight resources, fully utilize sites such as coal mining subsidence areas, industrial yards, soil removal sites, and reclamation areas, accelerate the construction of photovoltaic power plants, promote the nearby and on-site absorption of new energy power generation, and provide more green power for mining areas. Comment: The previous new energy sector was being ignored by investors, but in just the past half a year, the upstream has started to rise sharply. In my view, let's not talk about the past three decades, let's change it to half a year in the future, everyone take turns to be "Xiaodeng" in technology chips and other directions, we may still have some gaps with the other parties, but in AI applications, we are not worse than them! 7. MIIT: Solidly promote the high-quality development of the artificial intelligence industry Importance: Recently, Deputy Minister of the Ministry of Industry and Information Technology, Xiong Jijun, stated that with the joint efforts of all sectors, China's artificial intelligence industry foundation is becoming increasingly solid, and the industry ecosystem continues to improve. The Ministry of Industry and Information Technology will continue to work with all parties to solidly promote the high-quality development of the artificial intelligence industry, empower high-level new industrialization, promote artificial intelligence to better serve global development, enhance human welfare. 8. Important signal in A shares! Margin financing clients net buy 626.4 billion yuan throughout the year, approaching the historical record of 2014 Importance: Margin financing clients continued to increase their positions in A-shares this week, with a total net purchase of over 11.6 billion yuan. Cumulatively in 2025, they have net purchased over 626.4 billion yuan, more than double the amount in the previous year, and approaching the historical record of net purchases in 2014 of 673.9 billion yuan. This week, the power equipment industry received key attention from margin financing funds, with a total net purchase of over 6.8 billion yuan, while pharmaceutical biology, basic chemicals, and computers also received over 1 billion yuan in net purchases. 9. Dutch government expects ASML China to resume chip supply soon Importance: The Dutch government issued a statement on November 7th, stating that Dutch Economic Affairs Minister Wiebes welcomes the Chinese side's facilitation of the resumption of chip supplies to ASML China. "Given the constructive nature of our discussions with the Chinese side, we believe that the chips supplied by China to Europe and other regions in the world will be delivered to ASML customers in the coming days." Comment: Because of this news, Wingtech Technology suddenly surged in the last 5 minutes of trading, approaching the daily limit. The stock price movement of Wingtech Technology is a real-time response of the market to this positive change. However, I also caution that it will take time for chip supply to restore, and the improvement in company performance also needs to be gradually reflected, so investors should make rational investment decisions. Organizing market-focused investment opportunities, I found that sectors such as chemical industry are being watched closely. 1. Wanhua Chemical Group: Wanhua Chemical Group's Ningbo Industrial Park MDI Phase II plant to undergo maintenance Wanhua Chemical Group announced that, in accordance with the production process and requirements of chemical enterprises and production facilities to ensure the safe and effective operation of production facilities, according to the annual plan, the MDI Phase II plant (1 million tons/year) of the wholly-owned subsidiary Wanhua Chemical Group (Ningbo) Co., Ltd. will undergo maintenance starting on November 15, 2025, for approximately 55 days. GF SEC stated that the chemical industry is entering the final stages of capital expenditure, and profit margins are improving cyclically. The chemical industry cycle is expected to witness multiple marginal catalysts, with emphasis on key areas such as chromium chemicals, civil explosives, refrigerants, etc. Turning points are recommended for pesticides, photoinitiators, vanillin, etc. New materials are recommeded for vacuum materials, biomanufacturing, AI and Siasun Robot & Automation materials, etc. In addition, the following sectors are also worth paying attention to: 2. Computing Power: Fujian: Subsidies to companies whose annual purchase of computing power services totals more than 100,000 yuan 3. Coal: Coking coal starts its fourth round of price hikes, entering a new round of price game window period. For positive announcements, be on the lookout for HuaDian Heavy Industries signing a contract for a large offshore wind power project worth over 3.415 billion yuan; for negative announcements, pay attention to Geo-Jade Petroleum Corporation's stakeholders and consolidated acting person being investigated for illegal reductions, among other things. Positive Announcements 1. HuaDian Heavy Industries: Signs a contract for a large offshore wind power project worth approximately 3.415 billion yuan 2. Henan Pinggao Electric: Wins bids for approximately 858 million yuan of State Grid projects by the company and its subsidiaries 3. Palm Eco-Town Development: Wins the contract for the construction of the processing workshop project at Shengda Logistics Port in Tiemenguan City, with a contract value of 263 million yuan 4. Changgao Electric Group: Subsidiary wins bids for State Grid projects worth 246 million yuan 5. Hengli Petrochemical: Controlling shareholder Chen Jianhua intends to increase shareholding by 500-1,000 million yuan Negative Announcements 1. Geo-Jade Petroleum Corporation: Stakeholder Haikou Dongduo was filed against by the China Securities Regulatory Commission for failing to cease trading when the shareholding ratio with its joint actor reached 5% 2. Xinjiang Ba Yi Iron & Steel: The company and its controlling shareholder Ba Steel Corporation have been implicated in illegal and irregular information disclosure by the China Securities Regulatory Commission 3. Shanghai Emperor of Cleaning Hi-Tech: Directors and senior management are under investigation for suspected short-term trading 4. Meihua Holdings Group: Controlling shareholder Meng Qingshan sentenced to three years in prison with a five-year probation for the crime of market manipulation 5. Chison Medical Technologies: Shareholder Mo Ruoli reduced his holdings by 1.59% along with its joint actors This article is reproduced from "Tencent Stock Selection," and edited by GMTEight: Xu Wenqiang.