Pre-market Report on A-shares | Quantitative Trading Matters! Both Shanghai and Shenzhen Exchanges Speak Again, Gold and Bitcoin Both Soar

Morning Major News Overview 1. The Shanghai and Shenzhen Stock Exchanges held a quantitative private equity trading compliance training to effectively improve the compliance trading level. Importance: The Shanghai and Shenzhen Stock Exchanges jointly held a training on compliance for quantitative private equity institutions, helping these institutions to timely and accurately understand the regulatory ideas and work requirements of quantitative trading, effectively improving compliance trading level and preventing risks associated with quantitative trading. According to feedback from several industry insiders, the core points of this training are: reiterating abnormal trading behavior and requiring quantitative institutions to focus on trading behaviors that impact the market. 2. U.S. stock market's three major indices fell, Nvidia becomes the third largest company globally, Tesla drops over 7%. Importance: The three major U.S. stock indices collectively fell as investors continued to bet on the demand for artificial intelligence products. Nvidia rose by 3.6%, reaching a market capitalization of $2.13 trillion, surpassing Saudi Aramco to become the world's third-largest company, trailing only behind Microsoft and Apple. Tesla dropped more than 7%, with news revealing that Tesla's China-made car sales in February were 60,365 units, a nearly 16% decrease compared to the previous month. 3. 500 billion yuan insurance funds' private equity funds have met market entry conditions, may invest in these areas. Importance: According to reports from the Shanghai Securities News, the 500 billion yuan private equity fund established by China Life Insurance and New China Life Insurance has completed product filings and is now eligible to enter the market. Insiders revealed that the investment style and targets of this fund will have more long-term characteristics, possibly holding onto some listed companies with high dividends and low volatility for the long term, with an investment strategy that emphasizes long-term and value. 4. Confidence in A-share market for March surges! Billions in private equity increase holdings after Chinese New Year, with over forty percent fully invested. Importance: Data from the Private Equity Rankings Network's Master Portfolio shows that as of February 23, the stock private equity position index was at 75.87%, an increase of 0.63 percentage points from the previous week, with over half of stock private equity leaning towards full investment. Billion-dollar stock private equity firms are the most active in increasing holdings, with 40.36% of them at full investment level. 5. U.S. government plans risk review of Chinese-manufactured connected cars, Ministry of Commerce responds. Importance: A reporter asked: On February 29, the U.S. government announced it will conduct a national security risk review of Chinese-manufactured connected cars. What is China's response? A spokesperson for the Ministry of Commerce said that the U.S. is using "national security" as an excuse to hinder the normal export of Chinese cars. China urges the U.S. to respect market principles and create a fair competitive environment for companies from all countries. Financial Calendar Tip: Today, there are no new stock listings or offerings on the Shanghai and Shenzhen stock markets. Reminder: The National People's Congress starts today, with the Premier presenting the government work report. Opportunities to Watch For Self-selected Brother's analysis of investment opportunities reveals that multimodal, precious metals, and digital currency themes are gaining attention. 1. Fully surpassing GPT-4! OpenAI competitor Anthropic launches the Claude 3 model. Fully surpassing GPT-4! On Monday, localization-supported AI startup Anthropic launched the Claude 3 AI model, capable of summarizing 150,000 words, surpassing ChatGPT's 3,000-word capability. Additionally, this model supports multimodal functionality for the first time, allowing users to upload images and files. Analysis: Zheshang Research Report suggests that by 2028, the global large model market size will exceed $100 billion, and by 2024, domestic and foreign manufacturers are expected to release more complex multimodal large models. Recommended stocks to watch include Iflytek Co., Ltd., CloudWalk Technology, Wondershare Technology Group, ArcSoft Corporation, among others. 2. Overnight, precious metals continue to rise, with domestic karat gold jewelry brands reaching historic highs in prices. Overnight, COMEX gold rose over 1%, reaching a high of $2,128.4 per ounce, with less than 2% difference from the historical high of $2,152.3 per ounce. Additionally, several karat gold jewelry brands domestically have prices exceeding $636 per gram, reaching historic highs. Analysis: Southwest states that they maintain a positive view on gold prices in the long term: as the Federal Reserve ends its interest rate hikes and transitions into a new monetary cycle, long-term U.S. Treasury bond yields and the U.S. dollar are still on a downward trend. Recommended stocks to watch include Shandong Gold Mining, Yintai Gold Co., Ltd., Chifeng Jilong Gold Mining, among others. 3. Bitcoin reaches $68,000, hitting new highs since November 2021! U.S. stock cryptocurrency concepts soar. The stock price of Microstrategy, the publicly traded company with the most Bitcoin holdings globally, surged 23.59% on Monday, with the price of Bitcoin briefly surpassing $68,000, nearing the peak value of $68,999.99 reached in November 2021. Analysis: Soochow believes that in 2024, Bitcoin will experience three major positive catalysts: halving, the rise of the Bitcoin ecosystem, and the expectation of a rate cut by the Federal Reserve. A-share companies involved in Bitcoin and Bitcoin mining concepts include Genimous Technology, Guangdong Leadyo Ic Testing Co., Ltd., Zhejiang Huge Leaf, among others. Market Outlook Everbright BaoDeXin Fund: Market focus may gradually shift to fundamentals. Since the beginning of the year, the market's focus has mainly been on the tightness and repair of micro liquidity, gradually shifting towards policy expectations, especially with various government meetings and documents opening up the market's imagination. With the increase in basic data and first quarter earnings forecasts, market focus may gradually shift to fundamentals. Currently, macro and mid-level economic data are still differentiating, and the direction of industrial policies to drive the development of "new quality productivity" is the main trend. As the long-term economic cycle remains positive, it is recommended to focus on stocks such as Iflytek Co., Ltd., CloudWalk Technology, Wondershare Technology Group, ArcSoft Corporation, among others. End of translation.The obvious downturn, high dividend assets are still worth paying attention to.Listed Company Positive and Negative Announcements In terms of positive announcements, Select Brother reminds you to pay attention to Lao Feng Xiang's performance last year, which increased by over 30%; in terms of negative announcements, beware of the risk indicated by Sichuan Golden Summit being on a five-day limit. Positive Announcements 1. Lao Feng Xiang's performance: Net profit attributable to shareholders in 2023 was 2.214 billion yuan, a year-on-year increase of 30.23% 2. China United Network Communications: Net profit in 2023 was 8.2 billion yuan, a year-on-year increase of 12% 3. Hwatsing Technology: Plans to buy back shares worth 50-100 million yuan 4. Jiangsu Chinagreen Biological Technology: Chairman proposes to repurchase shares worth 30-60 million yuan 5. Shanghai Pudong Construction: Subsidiaries collectively won a major project worth 1.895 billion yuan 6. Shanghai Jin Jiang International Hotels: Controlling shareholder commits not to reduce holdings in the company within 12 months Negative Announcements 1. Sichuan Golden Summit on a five-day limit: The company has no hydrogen-related products generating revenue 2. Sichuan Furong Technology on a three-day limit: Chips related to materials for mobile phones and AI functions are not relevant to the company 3. ShenZhen QiangRui Precision Technology: The related business of "liquid cooling test equipment" accounts for a very small proportion of the company's total revenue 4. Shanghai Waigaoqiao Free Trade Zone Group's performance report: Net profit attributable to shareholders in 2023 was 928 million yuan, a year-on-year decrease of 25.18% 5. SMO Clinplus: Shareholder Guan You Zhaotai plans to reduce holdings by no more than 2% 6. Jiuzhitang Co., Ltd.: Shareholder Chen Neng Venture Capital plans to reduce holdings by no more than 1% Lifting of Restrictions List In terms of the lifting ratio, in the next 5 days, Guangdong Shunkong Development will have an actual lifting ratio of 80.16%, followed by Guangdong Lvtong New Energy Electric Vehicle Technology and Kaidacatalysis in the forefront in terms of lifting ratio. Overseas Markets Select Brother reminds you that the three major US stock indexes fell slightly on Monday, with Nvidia hitting a new high again, Tesla plummeting by over 7%, and Bitcoin breaking through the $68,000 mark; COMEX gold futures for April closed up by 1.46% at $2126.30 per ounce; WTI crude oil futures for April closed down $1.23, a decrease of 1.54%. This article is reproduced from "Tencent Select Stock", GMTEight editor: Chen Xiaoyi.