Category: Flash News

On January 19th, NVIDIA held a New Year’s Eve party in Beijing, with founder and CEO Huang Renxun attending and delivering a speech. After opening the Chinese welcome speech with “Hello Chinese friends”, Huang Renxun immediately talked about AI: “We are gathered here to celebrate a new beginning, the beginning of a new year, and the beginning of a new era known as artificial intelligence.” Huang Renxun explained that more than 60 years ago, the current general-purpose computer was created, and it was not until the emergence of AI that it brought new changes to it. Huang Renxun stated that AI is no longer “an incredible technology in people’s mouths”, but has entered everyone’s life. He also asks AI many questions every day and makes AI his teacher. Of course, not only education, but AI will also change every field, such as healthcare, retail, transportation, and agriculture. Huang Renxun also mentioned that although Nvidia’s CUDA programming platform is difficult to master, “no ordinary person can understand it, only Superman can”, the number of Chinese developers using the CUDA platform has reached 1.5 million, and Nvidia is collaborating with nearly 3000 Chinese startups.

On January 19th, according to a research report by Galaxy Securities, the A-share market has seen an upward trend this week due to previous fluctuations and positive policy support. It is recommended to pay attention to market opportunities before and after the Spring Festival, as the restless spring market is approaching. Looking ahead to the future, A-shares are expected to fluctuate upwards. In terms of configuration, the focus is on: (1) the theme of technological innovation based on autonomous and controllable logic and the requirements of developing new quality productivity. (2) The “two new” theme involves large-scale equipment updates and trade in of consumer goods. (3) Continue to be optimistic about the dividend sector with strong risk aversion attributes, with a focus on central state-owned enterprises.

On January 19th, according to the official website of Shanghai International Group, Zhou Jie, former chairman of Haitong Securities, has officially been appointed as the party secretary and chairman of Shanghai International Group, as well as the legal representative of the company. At the same time, “Shanghai Release” also announced on January 17 this year that Zhou Jie would be appointed as the chairman of Shanghai International Group, and dismissed the chairman of Haitong Securities. Public information shows that over 85% of the assets of Shanghai International Group are local financial assets in Shanghai, accounting for over 60% of the total state-owned equity of municipal financial institutions. From his resume, Zhou Jie has served as a “leader” in multiple Shanghai state-owned enterprises and has rich experience in management in the fields of finance and industry. (Lin Jian, journalist from Caixin News Agency)

On January 19th, Xun Yugen, Chief Economist and Research Institute Director of Haitong Securities, stated that the “924 market” is a reversal rather than a rebound, and the market correction since October 8, 2024 is coming to an end. With the implementation of policies, the market is expected to start a new round of upward trend. Structurally, the fundamental trends in the technology and mid to high end manufacturing industries are better.

On January 19th, the Shanghai Composite Index fluctuated and fell by 3.28% this year, but funds continued to buy more and more as they fell. As of now, stock ETFs have received 42.8 billion yuan in purchases within the year, and 9 stock ETFs have a net inflow of over 1 billion yuan. Among them, four top CSI 300 ETFs led in net inflows, with Huatai Bairui CSI 300 ETF having a net inflow of over 5.8 billion yuan, and Huaxia, Jiashi, and E Fund’s CSI 300 ETFs having net inflows of 4.8 billion yuan, 3.4 billion yuan, and 3 billion yuan, respectively. The A500 index also saw significant buying, with net inflows of 2.2 billion yuan, 1.3 billion yuan, and 1.1 billion yuan from Guotai, Huaxia, and Penghuazhong Securities A500ETF, respectively. In addition, the net inflow of E Fund’s ChiNext ETF was nearly 1.6 billion yuan. The Morgan S&P Hong Kong Stock Connect Low Wave Dividend ETF had a net inflow of nearly 1.1 billion yuan, becoming the only strategy ETF with a net inflow exceeding 1 billion yuan. It is worth noting that this week (January 13-17), the Shanghai Composite Index hit bottom and rebounded, with over 10 billion yuan of funds continuously flowing into stock ETFs. (Reporter Yan Jun from Caixin News Agency)

On January 19th, in the past 10 days, large areas in the central and eastern regions have been warmer than usual during the same period. Yesterday, the Northeast region was unusually warm compared to the same period, with Liaoning Liaozhong reaching 8.2 ℃, breaking the local record for the highest temperature in January. Harbin’s highest temperature was 0.7 ℃, Changchun’s 3.9 ℃, and Shenyang’s 7.9 ℃, all of which were over 13 ℃ higher than the same period in previous years; In addition, including Kunming and Dali in Yunnan, Yanyuan in Sichuan, and Hanzhong in Shaanxi, the temperature also broke the record for the highest temperature in mid January yesterday. Due to the overall weakness and northward path of the cold air, the warming will continue in the next two days. The warmth in large areas south of the Yellow River will reach its peak, and the area with the highest temperature above 20 ℃ will significantly expand. On the 21st, the northern end of the maximum temperature line of 20 ℃ will advance to southern Henan, and many areas in the south will warm up beyond the level of the usual spring equinox or even Qingming season.

On January 19th, the Central Committee of the Communist Party of China and the State Council issued the “Outline of the Plan for Building an Education Strong Country (2024-2035)” to promote the use of artificial intelligence to assist in educational reform. Facing the development of the digital economy and future industries, we will strengthen the reform of the curriculum system and optimize the setting of subject majors. Develop and improve digital literacy standards for teachers and students, and deepen the use of artificial intelligence to promote the construction of the teaching staff. Build a big model of artificial intelligence education. Building cloud based schools, etc. Establish an education evaluation and scientific decision-making system based on big data and artificial intelligence support. Strengthen network security guarantees, enhance data security, artificial intelligence algorithms, and ethical security.

On January 19th, the Central Committee of the Communist Party of China and the State Council issued the “Outline of the Plan for Building an Education Strong Country (2024-2035)”. Enhance the key educational capabilities of vocational schools. Optimize the implementation of high-level higher vocational schools and professional construction plans, and build a number of high-level vocational undergraduate schools with distinctive educational characteristics. Accelerate the comprehensive compliance of vocational school operating conditions. Actively promote vocational school graduates to enjoy equal treatment with ordinary school graduates in terms of household registration, employment, participation in recruitment, professional title evaluation, promotion, and other aspects.

On January 19th, the Central Committee of the Communist Party of China and the State Council issued the “Outline of the Plan for Building an Education Strong Country (2024-2035)”. Establish a mechanism for coordinating and allocating basic education resources that is in line with population changes. Deepen the implementation of the Basic Education Expansion and Quality Improvement Project. Explore gradually expanding the scope of free education. Establish a monitoring and early warning system for changes in the school-age population in each stage of basic education, and optimize the layout of primary and secondary schools and kindergartens. Improve the quality and level of public education services, enhance inclusiveness, accessibility, and convenience, and strengthen the coordinated allocation of short-term and long-term education resources. Establish a basic education management system that combines cities and counties, adjust the use of educational resources at different stages according to local conditions, strengthen dynamic adjustments and surplus/shortage allocation across different stages, and expand the supply of educational resources for the net inflow of school-age population into urban areas. Support counties (cities, districts, banners) with a population of over 200000 to establish a special education school that meets the standards, and encourage areas with conditions to build 15 year integrated special education schools. Strengthen the construction of specialized schools and specialized education work.

On January 19th, in Fengxiang High tech Industrial Development Zone, Baoji City, Shaanxi Province, the first domestic ton level liquid hydrogen electric vertical takeoff and landing unmanned aerial vehicle jointly developed by enterprises from Beijing and Shaanxi Province successfully flew. Liquid hydrogen, as a clean new energy source, has a much higher energy density than traditional aviation fuels and batteries, and is expected to have a single range of over 1000 kilometers.