Category: Flash News

On February 11th, the public REITs market has developed rapidly. As of February 10th, the number of public REITs listed has reached 60, with a total initial public offering size exceeding 160 billion yuan. At the same time, multiple REITs projects have made new progress in fundraising, and a dual wheel driven pattern of “initial launch+fundraising” is gradually forming. In the eyes of industry insiders, institutional investors’ preference for the dividend attribute of public REITs is a key factor driving the rapid expansion of the market. As important participants in the market, both top fund companies and small and medium-sized fund companies actively contribute from different perspectives to share the development dividends of public REITs. (Shanghai Stock News)

On February 11th, PetMed reported a loss of $0.03 per share in the third quarter, compared to a loss of $0.10 per share in the same period last year; Sales revenue of 53 million US dollars; Net loss of $707000, a year-on-year decrease of 65%; Adjusted EBITDA of $2 million.

On February 11th, after the Palestinian Islamic Resistance Movement (Hamas) announced the postponement of the release of Israeli detainees, the Israeli Defense Forces issued a statement on the evening of February 10th local time, stating that the Israeli military had raised its alert level and readiness level, and canceled the vacation of the Southern Military Region Command troops. The statement stated that combat soldiers and other necessary troops will continue to be deployed in the Southern Military Region. The statement also stated that the Israeli military has decided to “significantly” dispatch reinforcements to the region to carry out defense tasks along the Gaza border.

On February 11th, Lattice Semiconductor Company (LSCC) reported a fourth quarter adjusted EPS of $0.15, with analysts expecting $0.19. Fourth quarter revenue was $117.4 million, with analysts expecting $117.1 million. Expected revenue for the first quarter is between $115 million and $125 million, with analysts expecting $118.8 million.

On February 11th, the largest civil political group in Sudan, the Coordination Organization of Civil Democratic Forces, announced on February 10th local time that due to differences in forming a new government in Sudan, the organization has decided to split into two independent political factions. On the same day, Hamduk, the leader of the Civilian Democratic Forces Coordination Organization, stated that some members of the organization support the formation of a new Sudanese government in the area controlled by the Sudan Rapid Support Force to replace the current Sudanese government, but other political forces strongly oppose this. In the end, the organization decided to split into two independent political factions, which will operate independently under new organizational names and structures in the future. Hamduk said that the two political factions will announce their new names and organizational arrangements later.

On February 11th, the DeepSeek craze has swept across the globe in recent times. At the same time as the technology leaders in the US stock market experienced a sharp adjustment, Chinese assets represented by US concept stocks and Hong Kong stocks rose against the trend, with significant increases in stock prices of individual stocks such as Kingsoft Cloud, Tencent, and Alibaba. Since the opening of the Year of the Snake, A-share technology stocks have also performed exceptionally well, with strong gains in sectors such as computing power, robotics, semiconductors, gaming, and innovation. Multiple domestic and foreign institutions believe that the emergence of the domestically produced Chinese model DeepSeeker R1 has triggered a reassessment of the value of Chinese assets, especially Chinese technology stocks, by global capital. DeepSeeker R1 not only narrows the technological gap between China and the United States in the field of artificial intelligence, reduces computing power costs, but also reshapes the global competition landscape of the AI industry, promoting technological innovation and popularization. In the A-share and Hong Kong stock markets, technology leaders actively investing in artificial intelligence are expected to benefit from the investment boom brought by DeepSeek. (Shanghai Stock News)

On February 11th, as gold prices continue to rise, some commercial banks have lowered interest rates related to their gold account business (also known as “deposit gold”, hereinafter referred to as “deposit gold”). Recently, China Merchants Bank announced that it plans to adjust the interest rates related to its gold account business from February 12, 2025, involving gold account current products, as well as gold account fixed-term products such as three-month, six-month, nine month, and one-year terms. According to the reporter’s analysis, compared to the current implementation rate, the interest rate of the above-mentioned products will decrease by 9 basis points to 30 basis points. The interviewed experts told reporters that banks have lowered their deposit related interest rates mainly to cope with the market risks brought by the rise in gold prices and optimize their own capital cost and return structure. (Securities Daily)

On February 11th, after the Spring Festival, major A-share indexes such as the Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index rose for several days, and most public funds achieved floating profits. According to Wind Information data, since February 5th, as of February 10th, more than 11000 products in the entire market’s public funds (only counting main codes, the same below) have achieved floating profits, accounting for more than 90% of the total number of public funds. Specifically, equity products have shown outstanding performance, with over 4900 equity products achieving floating profits in the entire market, accounting for 88.29% of all public funds, with a total average floating profit of 3.20%. Among them, 190 funds have a floating profit of over 10%. In addition, several technology themed funds have shown outstanding performance. Among the top products with floating profits, 6 technology related themed funds have floating profits exceeding 15%. (Securities Daily)

On February 11th, it was reported that since the beginning of this year, the total size of ETFs (exchange traded funds) has shown a continuous growth trend. According to Wind Information data, as of February 10th, 23 new ETF products were launched this year, with a total of 1078 products and a total size of 3.8 trillion yuan, an increase of over 90 billion yuan from the end of last year. In terms of ETF categories, the largest ETF category currently is the stock ETF (which includes thematic index ETFs, size index ETFs, industry index ETFs, strategy index ETFs, and style index ETFs). As of February 10th, the total number of stock ETFs was 862, with a scale of 2.94 trillion yuan, accounting for 76.87% of the total market ETF scale; Among them, the scale index ETF and thematic index ETF have the largest scale, with 2.2 trillion yuan and 427.4 billion yuan respectively, accounting for 58.25% and 11.19% of the total market ETF scale, respectively. In addition, cross-border ETFs have also achieved rapid growth within the year, with a current size of 446.5 billion yuan, accounting for 11.69% of the total market ETF size. The scale of bond ETFs has also grown rapidly within the year, currently exceeding 200 billion yuan, accounting for 5.37% of the total market ETF scale. (Securities Daily)

On February 11th, a federal district court judge in the United States, John McConnell, found evidence on February 10th that some federal grants and loans have not yet been disbursed to beneficiaries and demanded that the White House release all funds. According to reports, McConnell had previously ordered a halt to the Trump administration’s plan to completely freeze federal funds.