Are Steel stocks expected to stage a major reversal? Goldman Sachs: China State Construction Engineering Corporation's activity is showing preliminary signs of recovery, and steel demand is expected to rebound.
① Goldman Sachs stated that as the China State Construction Engineering Corporation activity shows preliminary signs of improvement, it could boost the prices of Steel and other CSI Commodity Equity Index. ② The Chinese government's work report emphasizes Real Estate efforts, proposing goals such as "stabilizing the Real Estate and stock markets" and "promoting the healthy development of the Real Estate and stock markets with greater efforts." ③ According to Goldman Sachs data, demand for CSI Commodity Equity Index related to infrastructure construction has slightly increased for the first time in three years, predicting that China may reduce Steel production by about 50 million tons to restore profitability.
The MWC conference sees Siasun Robot&Automation take center stage! Yushu, Leju, and others make their appearance, as the fusion of Communications and Asia Vets Hardware becomes a trend.
① Yushu Technology has an independent booth at MWC 2025. According to relevant personnel, overseas Orders in 2024 have increased several times compared to 2023; ② Leju Robot appeared at the Huawei booth, equipped with a 5G module and using the DeepSeek large model, it can engage in conversation and recognize the content of pictures through voice control.
30 billion yuan! This year, the first perpetual bond from state-owned banks goes to Postal Savings Bank Of China, and the issuance of "two perpetual bonds" has become relatively bland as the year begins.
① This evening, the Postal Savings Bank Of China announced that the perpetual capital bonds (first phase) registered on February 19 were issued on February 21, 2025. The issuance scale of this bond is 30 billion yuan, with a nominal interest rate of 1.99% for the first five years. ② Since the beginning of the year, no other large state-owned banks have released information about the issuance of perpetual bonds. So far this year, no commercial banks have disclosed relevant information regarding secondary capital bonds.
Continuing to increase the pace, Ping An will increase its Shareholding in three Banks after the New Year.
Ping An Insurance's enthusiasm for bank stocks continues. On February 11, the Hong Kong Stock Exchange disclosed that Ping An and its subsidiary Ping An Asset Management had consecutively increased their shareholding on February 6.
Trading will be suspended starting tomorrow as Inner Mongolia Mengdian Huaneng Thermal Power Corporation plans to acquire equity in two New energy Fund companies | Read the announcement.
① Inner Mongolia Mengdian Huaneng Thermal Power Corporation announced plans to acquire 60% equity in Zhenglanqi Wind Power and 75.51% equity in Northern Duolun, with stocks suspended starting tomorrow; ② From August to December 2024, Inner Mongolia Mengdian Huaneng Thermal Power Corporation disclosed plans to invest approximately 9.1 billion yuan to construct three major clean energy projects.
Comprehensive access to DeepSeek! CHINA TELECOM's stock price reaches a new high, and the operator promotes AI inclusive application income, which is expected to see growth.
① The three major operators have successively connected to DeepSeek, and local subsidiaries of operators have already taken actions regarding DeepSeek; ② CHINA TELECOM is the first domestic operator to realize the implementation of a fully domestic DeepSeek stack inference service, which saw a limit-up movement at one point today; ③ Analysts say DeepSeek will help boost operator revenue, but whether the demand for distributed computing can consume the existing computing power remains to be seen.