Pre-market report of A-shares: Nasdaq and S&P hit new record highs again! Funds are frequently liquidating, Shenzhen issues a document to support HarmonyOS.

Early Morning Major News Overview 1, State Council reviews and approves action plan for old-for-new exchange, multiple benefits to boost investment and consumer demand Importance: On March 1st, the State Council reviewed and approved the "Action Plan for Promoting Large-scale Equipment Renewal and Consumer Goods Old-for-New Exchange". The meeting emphasized the need to actively promote the replacement of old cars, home appliances, and other consumer goods to generate a scale effect of transformation. Industry analysis believes that the policy adjustment of equipment renewal and old-for-new exchange reflects a shift in policy thinking from extracting increment from stock. With the specific favorable policies of old-for-new exchange implemented, it will effectively boost investment and consumer demand. 2, Xinhua Asset Management responds to rumors of rejecting Vanke's 10 billion yuan debt extension: maintaining normal business cooperation Importance: Xinhua Asset Management issued a statement saying that the company has noted the false information regarding our company and CHINA VANKE. CHINA VANKE is a leading enterprise in the Chinese real estate industry and has always maintained normal business cooperation with our company. The statement is likely in response to recent rumors about Vanke seeking a debt extension. It was rumored that Vanke Group was negotiating non-standard debt extensions with some lenders, including a 10 billion yuan debt from Xinhua Asset Management, but the request was rejected. 3, Sales of top 100 real estate companies plummet in February, Ministry of Housing and Urban-Rural Development urges "rationality" Importance: Data from China Index Research Institute shows that in January-February 2024, the total sales of the top 100 real estate companies reached 476.24 billion yuan, a year-on-year decrease of 51.6%. China Construction News article stated that making judgments about the overall trend of the real estate market based solely on the data of the top 100 real estate companies overestimates the extent of the market adjustment. 4, Nasdaq, S&P hit new all-time highs, Nvidia market value surpasses 2 trillion USD, Dell soars over 30% Importance: Last Friday, U.S. stocks continued to rise, with Nasdaq and the S&P 500 hitting new all-time highs, with the S&P 500 reaching 5100 points for the first time in history. Nvidia rose 4%, and the company's market value also surpassed the two trillion USD mark for the first time; strong demand for AI servers, Dell surged over 30%. 5, Fund liquidation warnings frequent, ETF products account for nearly half Importance: Since the beginning of the year, in just two months, 86 funds have issued liquidation warnings, with almost half being competitive ETF products. Some market participants believe that ETFs focused on narrow sectors are difficult to attract sufficient market attention, leading to their assets under management remaining at low levels for a long time. Financial Calendar Recommended stocks: Today, there will be the subscription of two new stocks, Mei Xin Technology and Zhongchuang Shares, in the Shanghai and Shenzhen markets, and no IPOs. 1, Advisory: The 14th National Committee of the Chinese People's Political Consultative Conference will open today Opportunities in advance After sorting out the investment opportunities that the market focuses on, it is found that themes like HarmonyOS, East Data West Algorithm, and pork are of interest. 1, Shenzhen issues policies to support the development of HarmonyOS native applications Recently, Shenzhen issued the "Action Plan for Supporting the Development of Open Source HarmonyOS Native Applications in 2024", proposing to achieve a HarmonyOS native application quantity in Shenzhen exceeding 10% of the national total within 2024; encouraging qualified companies to expand outsourcing businesses related to HarmonyOS native application development, and targeting goals such as reaching a scale of 500,000 Harmony developers. Comment: Huaan points out that with continuous investment from HarmonyOS developers and terminal manufacturers, and the increasingly perfect system ecology, a large number of application scenarios will continue to be implemented, benefiting enterprises focusing on HarmonyOS and opening. It is suggested to pay attention to iSoftStone Information Technology, CHINASOFT INT'L, Dnake, Unionman Technology Co.,Ltd., Client Service International, Inc. 2, National Bureau of Statistics and other three departments jointly researching to enhance the efficiency of "East Data West Algorithm" network transmission On March 1st, the National Bureau of Statistics, together with the National Development and Reform Commission and the Ministry of Industry and Information Technology, have conducted research on fully utilizing the efficiency of "East Data West Algorithm" network transmission to further improve the cost-effectiveness of enterprise network transmission, and exploring the establishment of a public transmission channel dedicated to national hub nodes. Comment: CICC believes that the construction of transmission infrastructure, Internet direct connection points, and all-optical networks may reduce the communication latency between eastern and western regions. Recommendations for positive catalysts include: 1) Transmission equipment: OTN equipment iterates towards 400G high-speed rate, benefiting leading optical transmission equipment suppliers; 2) Optical fiber cables: G.654.E may accelerate in application in long-distance trunk lines; 3) Optical modules: The East Data West Algorithm brings increased demand, and scenarios like DCI for long-distance interconnection may drive increased deployment of coherent optical modules. 3, Ministry of Agriculture and Rural Affairs: Adjusts national target for normal reserve of sow numbers from 41 million to 39 million The Ministry of Agriculture and Rural Affairs recently issued the "Implementation Plan for Adjusting Pig Production Capacity Control (Revised in 2024)": adjusting the national target for normal reserve of sow numbers from 41 million to 39 million. The lower limit of normal fluctuation of sow numbers (green zone) is adjusted from 95% of the normal reserve to 92%. Comment: Guosheng Securities believes that the reduction in the reserve is expected to lower the anticipated pig price for the industry, especially for high-cost participants, it is still a more rational choice to continue to reduce capacity; from a cyclical perspective, the actual capacity is already lower than the historical balance value, with the continued clearing in the future, it can still fully support the strength and extent of the reversal in this cycle. Keep an eye on Muyuan Foods, Wens Foodstuff Group, Leshan Giantstar Farming&Husbandry Corporation, Zhejiang Huatong Meat Products, Tangrenshen Group, etc. Market outlook Huaxi: The Two Sessions is the window period for this spring market This week, the Two Sessions of the National People's Congress and the Chinese People's Political Consultative Conference will be held. After the landing of policy expectations, the verification of economic data and corporate financial reports is more important. Subsequently, attention will be paid to the improvement of data such as prices and inflation in February. It should be noted that due to the continued negative growth of PPICurrent A-share corporate profit expectations are slightly lacking in "solid foundation" basic elasticity. Since the beginning of this year, the proportion of A-share institutions lowering profit forecasts for listed companies has been increasing. After the general rise in February, as financial reports are gradually verified, the future market is inevitably facing intensified volatility and differentiation.Listed company's positive and negative announcements In terms of positive announcements, Self-Selected Brother reminds to pay attention to Chongqing Sokon Industry Group Stock's February new energy vehicle sales, which increased by 3.6 times; in terms of negative announcements, note that the general manager of China Oil Hbp Science & Technology has been reported for insider trading, etc. Positive Announcements: 1. Chongqing Sokon Industry Group Stock: February new energy vehicle sales of 30,300 units, a year-on-year growth of 360.04% 2. Shanghai International Airport Performance Express: Profits of 946 million yuan in 2023, turning losses around year-on-year 3. Vontron Technology: Controlling shareholder intends to increase holdings of 50-100 million yuan in shares 4. Sichuan Lutianhua: Controlling shareholder intends to continue increasing holdings of 50-100 million yuan 5. Wuhan Easy Diagnosis Biomedicine: Plans to repurchase shares worth 175-350 million yuan Negative Announcements: 1. China Oil Hbp Science & Technology: General manager Li Songbai suspected of insider trading reported to the Securities Regulatory Commission 2. Xiangyang Changyuandonggu Industry: Company and related parties received a warning letter from the Hubei Securities Regulatory Bureau for violation of information disclosure regulations 3. Qingdao Copton Technology, which has hit the limit up for three consecutive days: The company's hydrogen business is still in the early stage of development and has not yet been profitable 4. Guangdong Tianhe Agricultural Means of Production: Shareholder Hengqin Yueke plans to reduce holdings by no more than 1% Lock-up list In terms of the lock-up ratio, this week Guangdong Shunkong Development has an actual lock-up ratio of 80.16%, followed by Jiangsu Bide Science and Technology and Hangzhou MDK Opto Electronics Co., Ltd. with higher lock-up ratios. Overseas markets Self-Selected Brother reminds that the three major stock indexes in the US closed higher last Friday, with the Nasdaq and S&P hitting new historical highs, and Nvidia's market value exceeding $2 trillion; COMEX April gold futures rose 2%, closing at $2095.70 per ounce, with a 2.33% weekly increase; WTI April crude oil futures rose nearly 2.2%, with a total weekly increase of about 3.2%. This article is reprinted from "Tencent Self-Selected Stocks", edited by GMTEight: Wang Jie.