Category: Flash News

On February 24th, Guotai Junan Research Report stated that AI glasses are leading the way in new AI consumption scenarios, and they are optimistic about manufacturers of core components and complete machines with traffic and content advantages. Domestic large-scale models have become a new driving force for the explosive demand for AI glasses. China has the industrial foundation for large-scale AI glasses, and the national policy of expanding domestic demand emphasizes the vigorous promotion of technology consumption. The industry has entered a period of high demand. Recommendation: 1. Main control chip, visual and acoustic optical core component companies; 2. A complete machine brand company with advantages in user traffic and content ecology; 3. A company with the ability to iterate and upgrade self-developed large models and produce content.

On February 24th, the French Atomic Energy and Alternative Energy Commission (CEA) announced on its official website that on February 12th, the tokamak fusion device operated by it, the Steady State Tokamak Device in Tungsten Environment (WEST), maintained a hydrogen plasma state for 1337 seconds (22 minutes and 17 seconds). This time has broken the previous record of 1066 seconds set by China’s All Superconducting Tokamak Nuclear Fusion Experiment (EAST) in the past few weeks.

On February 24th, according to flight management data, the total number of civil aviation passengers transported during the Spring Festival travel rush in 2025 is about 90.2 million, with an average of 2.255 million passengers per day, which is the highest level in the history of Spring Festival travel rush. It has increased by 23.8% compared to the Spring Festival travel rush in 2019 and 7.4% compared to the previous year. Among them, the number of domestic passengers was about 80.182 million, an increase of 26.5% compared to the 2019 Spring Festival travel rush and 5.2% compared to the previous year; Among them, the international passenger volume was about 8.871 million, an increase of 9.0% compared to the 2019 Spring Festival travel rush and 34.5% compared to the previous year.

On February 24th, Cui Dongshu, Secretary General of the China Association of Automobile Manufacturers (CAAM), issued a statement stating that based on the good performance of the passenger car industry data released in January 2025, and considering the good policy orientation of national policy promotion fees in 2025 and future environmental changes, the CAAM forecasting team fine tuned the industry’s annual forecast for 2025 in mid February. 2025 Passenger Car Retail Forecast: The retail sales of passenger cars in 2025 will be 23.43 million units, an increase of 2%, and the total forecast will increase by 70000 units compared to the January forecast. 2025 Passenger Car Export Forecast: Passenger car exports will reach 5.27 million units by 2025, an increase of 10%, while the total forecast will decrease by 30000 units compared to the January forecast. Forecast for wholesale of new energy passenger vehicles in 2025: 15.65 million units of new energy passenger vehicles will be produced in 2025, an increase of 28%, and the total predicted quantity will decrease by 30000 units compared to the January forecast. 2025 National Automobile Wholesale Forecast: 32.66 million units by 2025, an increase of 4%, with a predicted total decrease of 10000 units compared to the January forecast.

On February 24th, the State Administration of Financial Supervision and Administration recently released the use of insurance industry funds in 2024. Data shows that in 2024, the balance of fund utilization of insurance companies will be about 33.26 trillion yuan, a year-on-year increase of 15.08%. From the perspective of asset allocation, bonds are still the “basic stock” for insurance asset allocation. At the same time, the proportion of stock allocation balance for life insurance companies and property insurance companies has increased compared to 2023. The interviewed experts stated that insurance companies increase their holdings of stocks due to increased confidence in stock assets and smoothing out financial fluctuations through specific investment strategies; The increase in bond holdings is due to factors such as reducing the risk of interest rate spread losses and strengthening the matching of asset liability duration.

On February 24th, liquor companies have suspended the supply of some products since January, reaching a small peak recently. Listed liquor companies such as Wuliangye, Luzhou Laojiao, Yanghe Co., Ltd., Shanxi Fenjiu, Jinshiyuan, and Jiugui Liquor have participated. Why have liquor companies stopped supplying after less than two months since the beginning of the year? Regarding this, Ouyang Qianli, a researcher in the liquor industry, believes that this is a response from liquor companies to the “high inventory” in the new cycle. At the same time, by controlling market inventory to stabilize the continuously declining actual transaction prices in the market, brand value can be maintained. “Now, liquor enterprises have reached a consensus on the level of controlling the volume and guaranteeing the price, reducing the speed and guaranteeing the price, which means that there is a turning point in the new cycle of the liquor industry, and the Baijiu market is expected to recover.” (Shanghai Securities News)

On February 24th, the practice of fault-tolerant mechanism in state-owned funds has taken an important step recently. The Implementation Rules for Direct Equity Investment of Guangzhou Development Zone (Huangpu District) Science and Technology Innovation and Entrepreneurship Investment Mother Fund have been released, which allows the mother fund to incur 100% losses for seed direct investment and angel direct investment projects. In the industry, it is not common for state-owned parent funds to allow direct investment funds to incur 100% losses in a single project. Many industry insiders believe that this may be a milestone exploration of fault-tolerant mechanisms for state-owned funds. In response, the State owned Assets Supervision and Administration Bureau of Guangzhou Development Zone stated, “Even in the face of failure, we can start anew in a tolerant atmosphere.” Industry insiders believe that the significance of this move is to encourage state-owned funds to boldly invest in high-risk, high-yield early-stage projects; The core of the assessment and fault-tolerant mechanism for relevant state-owned assets and funds lies in its implementation. (China Securities Journal)

On February 24, Basm Mohammed, the deputy minister of the Iraqi Ministry of Oil, said on Sunday that once the oil transmission resumed, Iraq would export 185000 barrels of oil a day from Kurdish oilfields through the Iraq Türkiye pipeline, and gradually increase to 400000 barrels a day.

Recently, some statements such as “Mobile phone base stations emit radiation, and 5G base stations emit more radiation than 4G, so 5G radiation will be greater than 4G and pose greater harm to human health!” have attracted public attention. Do these statements have scientific basis? Experts say that the frequency range of radio waves used for 5G signals can be roughly divided into two types: one belongs to centimeter waves, which is not too different from our current 2G/3G/4G. There is another type, relatively high, belonging to the category of millimeter waves, but it has not yet been deployed in China. But whether it’s the 2G/3G/4G used before or the millimeter wave level 5G, their frequencies are smaller than visible light. Therefore, based solely on the properties of radiation itself, the energy contained in radio waves is lower than that of visible light and poses no harm to us. (CCTV News)

On February 24, French President Malone said in a document on the 23rd that in the past few hours, he held talks with European Commission President von der Leyen, European Council President Costa, British Prime Minister Stamer, President Erdogan of Türkiye and Prime Minister Orban of Hungary respectively. Macron said, “After discussions with European colleagues and allies over the past few days, we are committed to ensuring that Ukraine restores peace in a just, stable, and lasting manner, and to strengthening European security in all future negotiations