A-share pre-market report | Three departments issue document related to pricing behavior of Internet platforms, expert analysis available.

Pre-market news 1. Breakthrough in the field of optical computing chips! Institutions are optimistic about the photon chip industry chain Type: Industry Sentiment impact: Positive According to the latest news, Shanghai Jiao Tong University recently made a major breakthrough in the field of next-generation optical computing chips, achieving for the first time a full-optical computing chip LightGen that supports large-scale semantic media generation models, providing hardware acceleration for scenarios such as "computing-intensive + energy-sensitive" such as artificial intelligence. Institutions state that the market size of photon chips is growing rapidly, and attention should be paid to Chinese companies with the potential to "leapfrog". 2. Ministry of Commerce holds expanded party meeting: vigorously boost consumption, unleash the potential of service consumption Type: Industry Sentiment impact: Positive On December 20, the Ministry of Commerce's expanded party meeting was held in Beijing. The meeting proposed to vigorously boost consumption, expand the supply of quality goods and services, and unleash the potential of service consumption. Institutions state that compared to commodity consumption, they are more optimistic about the improvement in service consumption expectations. Recent policies have increased the focus on service consumption, and clearing unreasonable restrictions in the consumption sector is an effective way to unleash the demand for service consumption. 3. Cyberspace Administration and Securities Regulatory Commission take action! Crack down on capital market rumors, regulate stock market "microblogs" Type: Macro Sentiment impact: Positive Recently, the Cyberspace Administration of China and the Securities Regulatory Commission have deepened the crackdown on online misinformation related to the capital market, and have legally handled several accounts that spread rumors and recommended stocks illegally. These accounts are involved in spreading rumors related to capital market regulatory policies; accounts such as "Eight Sisters Invincible" and "Tianjin Stock Hero" have been legally handled. Regulatory authorities state that the capital market is highly sensitive to information, disrupting the order of information dissemination, affecting the stable operation of the market, and will be subject to legal penalties. 4. Three departments issue document regarding internet platform pricing behavior, experts provide interpretation Type: Industry Sentiment impact: Positive Recently, three departments including the National Development and Reform Commission issued the "Internet Platform Pricing Behavior Rules" to regulate pricing behavior. Experts state that the core of the "Behavior Rules" can be summarized as "setting rules for platforms, leaving space for merchants, and supporting consumers". In the long run, guiding resources from "subsidizing traffic" to "innovating and improving quality" will promote a healthier and more sustainable development of the entire platform economy. Investment Calendar Latest LPR data to be announced today Investment Tips When people realize that speculation does not create wealth, but only transfers it, some will eventually wake up. At that time, the tulip bubble should burst. John Gordon "The Great Game" Institutional Perspectives 1. CITIC SEC: Factors pushing for the appreciation of the renminbi are gradually increasing, focus on aviation, upstream resources, domestic consumption goods, etc. 2. China Securities Co., Ltd.: A-shares are expected to resonate with global stock markets in an upward trend, focusing on dividend value, layout prosperity, thematic hotspots. 3. CMSC: A-share New Year market rally and spring frenzy may kick off, focus on cyclical-related varieties in allocation. Positive and negative outlook 1. First L3 level autonomous driving license issued, Chongqing Changan Automobile leads L3 level autonomous driving era Type: Institutional hot review Ping An Securities: The commercialization process of intelligent driving is expected to accelerate by 2026. Although there are still many restrictions on the operation conditions of L3 models, the approval of the entry of L3 models this time signifies progress in the technology and policy aspects of intelligent driving, laying the foundation for the commercialization process of intelligent driving. 2. Yushu Siasun Robot&Automation performs high-difficulty somersault at Wang Lihong's concert! Musk says it's impressive Type: Market discussion China Securities Co., Ltd.: The humanoid Siasun Robot&Automation is gradually entering the operational phase in commercial exploration, with leading domestic Siasun Robot&Automation main body manufacturers accelerating the capitalization process. Investing in "AI+Siasun Robot&Automation" opportunities without sticking to the "humanoid" aspect, and a good competition pattern in sensor, dextrous hand, and other directions. 3. State Medical Insurance Bureau clarifies that AI-assisted diagnosis is included in pathologic fee items, opening up space for commercialization of AI in healthcare Type: Policy focus Huafu Securities: The AI healthcare industry has reached a critical stage of commercialization under the resonance of national strategy and market demand. The three factors of policy, hospitals, and products catalyze together. It is recommended to pay attention to AI+ healthcare-related products and positive progress in commercialization, as well as differentiated competition companies. Announcements Slightly positive announcements 1. Gansu Shangfeng Cement: Controlled company YX Semiconductor's GEM IPO application accepted 2. Shenzhen MinDe Electronics Technology: Currently, the wafer factory is operating at full capacity and will continue to steadily expand production in the future 3. Jiangxi Jdl Environmental Protection Co., Ltd.: Plans to increase capital of 30 million yuan for medical Siasun Robot&Automation company Zhongke Hongtai Slightly negative announcements 1. Kairuide Holding: Nongu Group plans to reduce its stake in the company by no more than 3% 2. Shanghai Shuixing Home Textile: Controlling shareholder concerted action and directors plan to reduce their stake by no more than 1.72% 3. ZCZL Industrial Technology Group: Chairman and vice general manager of the company plan to reduce their stakes Overseas Markets US stocks closed higher across the board last Friday, with AI concept stocks regaining ground. Oracle rose by 6.6% and Nvidia by 3.93%; most popular Chinese concept stocks rose, with the Nasdaq Golden Dragon Index up 0.86%. This article is reprinted from "Tencent Stock Selection", GMTEight editor: Xu Wenqiang.