Category: Flash News

On February 19th, after the release of the domestically produced open-source model DeepSeek, it triggered a chain reaction in the artificial intelligence (AI) ecosystem, and various industries actively implemented localized deployment. According to the reporter’s understanding, currently, multiple institutions in the insurance industry, such as PICC Property and Casualty Insurance, PICC Asset Management, Xinhua Insurance, Taiping Life Insurance, and Taiping Asset Management, have launched the DeepSeek big model and implemented its application scenarios. (Securities Times)

① Pending the opening of a new round of price adjustment window for domestic refined oil products; ② At 09:00, the Reserve Bank of New Zealand announced its interest rate decision; ③ 09:30 Monthly report on residential prices in 70 large and medium-sized cities in China; ④ 10: 00 New Zealand Federal Reserve Chairman Orr held a press conference; ⑤ 15: 00 UK January CPI monthly rate, January Retail Price Index monthly rate; ⑥ 17: 00 Euro Zone December Quarterly Adjusted Current Account; ⑦ At 21:30, the total number of new housing starts in January in the United States is annualized, and the total number of construction permits in January is also recorded At 03:00 the next day, the Federal Reserve released the minutes of its January monetary policy meeting The next day at 05:30, API crude oil inventory for the week of February 14th in the United States; ⑩ At 06:00 the next day, Federal Reserve Vice Chairman Jefferson delivered a speech.

On February 19th, spokesperson for Qatar’s Ministry of Foreign Affairs, Al Ansari, stated on February 18th that the second phase of negotiations for the ceasefire agreement in the Gaza Strip has not yet officially begun, and relevant parties are discussing matters related to the second phase of negotiations. Israeli Foreign Minister Saar stated on the same day that Israel will initiate the second phase of negotiations for the ceasefire agreement in the Gaza Strip this week. Israel and the Palestinian Islamic Resistance Movement (Hamas) reached an agreement on a ceasefire in the Gaza Strip on January 15th. The agreement came into effect on January 19th. The first phase of the ceasefire lasted for 6 weeks, during which both sides exchanged some of their detained personnel. The agreement stipulates that on the 16th day of the implementation of the first phase ceasefire, which is February 3rd, the second phase negotiations must commence. On February 8th, Israel sent a delegation to Doha, Qatar, but the delegation did not engage in negotiations with the relevant parties regarding the second phase of the ceasefire agreement.

On February 19th, recently, many places have welcomed a new round of land auctions. Some areas have successively sold high premium land parcels. Industry insiders say that since 2025, the land market has gradually moved away from the norm of bottom price transactions, and more and more land parcels have been sold through multiple rounds of bidding, even at high premiums. From the announcements of listed real estate companies, it can be seen that their attitudes towards land acquisition are generally divided. Some real estate companies have a more positive attitude towards land acquisition, while others, although their performance has declined, are still determined to acquire land. (China Securities Journal)

On February 19th, it was reported that since the beginning of 2025, funds that have grasped the market trends of artificial intelligence (AI), humanoid robots, etc. have achieved impressive performance, with many active equity funds yielding over 40%, and even some funds yielding up to 50%. In addition, funds with heavy holdings in coal, aviation and other sectors have had the highest drawdown since the beginning of 2025, and the performance gap between active equity funds is nearly 60 percentage points. Against the backdrop of strong performance in technology stocks, many fund managers have begun actively adjusting their holdings and increasing their allocation of technology assets. (China Securities Journal)

On February 19th, DeepSeek’s breakthrough in the field of artificial intelligence (AI) is driving a continuous influx of foreign capital into Chinese assets. At noon on February 18th Beijing time, Musk’s xAI company launched the Grok-3 intelligent search engine called DeepSearch, reigniting the global AI competition. Institutional data shows that in the past month, global hedge funds have flooded into Chinese assets at the fastest pace in months. According to a research report by China International Capital Corporation, in the current upward trend of the Chinese market after the Spring Festival holiday, trading funds such as overseas hedge funds have flowed in and may have become the main force in some markets. At the same time, the speed of overseas passive investment funds flowing into the A-share and Hong Kong stock markets has also significantly accelerated. On February 18th, Song Yu, Chief China Economist of BlackRock, told reporters that there has been a change in foreign investment’s attitude towards the Chinese market recently, and some foreign institutions have begun to be optimistic about the Chinese market, one of the reasons being the government’s support policies for private enterprises. The positive attitude of foreign investment helps to boost the confidence of domestic enterprises, and a positive cycle effect has initially formed. (China Securities Journal)

On February 19th, since the beginning of this year, the work of replacing existing implicit debts has been rapidly advancing. As of February 17th, nearly 800 billion yuan of refinancing special bonds have been issued or planned to be issued in various regions to replace existing implicit debts. Industry insiders analyze that, with positive progress in the early stage of debt conversion work, the central and local governments will focus on the “second half” of policy implementation this year, including strict prevention of new implicit debts, reducing the number of financing platforms, and promoting the market-oriented transformation of platforms. (China Securities Journal)

On February 19th, data shows that 42 companies on the Beijing Stock Exchange have received 56 institutional surveys since the beginning of this year. In just the past month (from January 18th to February 18th), 24 companies have received 33 institutional surveys. Companies such as Haidar, Kangbit, Jianbang Technology, Fujita, and Keda Automation have become the focus of attention for many institutions. Among the surveyed institutions, securities firms, funds, private equity firms, and venture capital firms are still the main players, and there are also top investment institutions such as Sequoia China. Among the surveyed enterprises, stable and enhanced performance is one of the common characteristics. Nakonor, a leading enterprise in the lithium battery rolling equipment industry, has been the most closely watched company by institutions on the Beijing Stock Exchange since the beginning of this year. It has undergone two institutional surveys, with 118 participating institutions including Guangfa Fund, Boshi Fund, E Fund, Sequoia China, and others. In addition, companies such as Kangbit, Jianbang Technology, and Fujita have all received over 50 institutional surveys, while the number of institutions conducting surveys for companies such as Keda Automation, Audi Wei, and Tongyi Konjac has exceeded 40. (Shanghai Stock News)

On February 19th, the Hang Seng Technology Index has risen by over 33% since its mid January low. From “short-term game” to “long-term allocation”, from cautious optimism to casting a “vote of confidence”, from staying put to quietly bottom fishing, the investment logic of foreign capital in Hong Kong stocks has shifted from trading opportunities to strategic layout. On the one hand, policy dividends and technological breakthroughs drive global capital reassessment. Goldman Sachs, BlackRock, UBS, and others believe that Chinese technology assets are expected to move from a “value depression” to an “innovation highland”. On the other hand, the overheated trading in the Hong Kong stock market and the high point of the index stage have invisibly increased market pressure. The interviewees believe that AI applications will help expand the profit space of Chinese technology stocks, and Hong Kong stock Internet companies may usher in structural opportunities. After the sharp rise of technology stocks, there is a risk of short-term correction. The following key factors to be observed include the evolution of the international geopolitical situation, the profitability of Internet companies, the trend of the Federal Reserve’s interest rate, etc. (Shanghai Stock News)

On February 19, the People’s Bank of China carried out a RMB 489.2 billion reverse repurchase operation at a fixed interest rate of 1.5% on February 18 to hedge the liquidity withdrawal pressure brought by the maturity of the RMB 500 billion medium-term lending facility (MLF) on that day and ensure that the banking system has sufficient funds. Since the beginning of the year, the amount of funds raised by banks has significantly decreased, while the stable amount of funds raised by monetary funds and wealth management products has led to new characteristics in the market’s capital structure. Industry insiders have stated that under the influence of multiple disruptive factors such as government bond issuance, tax periods, and MLF maturities, the funding situation may remain in a “tight balance” state, but potential buyout style buybacks may provide some support for liquidity. (Shanghai Stock News)