Group 1 - The Chinese government firmly opposes and expresses strong dissatisfaction with the U.S. claims regarding the loss of sovereignty over the Chinese-controlled port of Kaikai in Peru [1] Group 2 - The Chinese government consistently opposes any attempts to annex or encroach upon Palestinian territory, emphasizing that both Gaza and the West Bank are inseparable parts of Palestine [2] - The "two-state solution" is highlighted as the fundamental approach to resolving the Palestinian issue, with a call for cessation of actions that escalate tensions [2] Group 3 - The Chinese government criticizes Lai Ching-te's remarks as indicative of his stubborn "Taiwan independence" stance, labeling him as a peace destroyer and crisis creator [3] - It is asserted that no statements or actions from Lai can alter the historical and legal fact that Taiwan is part of China, nor can they change the international community's adherence to the one-China principle [3]

（原标题：外交部：特朗普总统再次表达了4月访华的愿望，习近平主席重申了对特朗普总统访华的邀 请，双方就此保持着沟通） 有记者提问，有报道称美国总统特朗普预计将于4月初访问中国，中方能否证实并介绍情况？ 林剑表示，元首外交对中美关系发挥着不可替代的战略引领作用。不久前的两国元首通话中，特朗普总 统再次表达了4月访华的愿望，习近平主席重申了对特朗普总统访华的邀请，双方就此保持着沟通。中 美经贸关系的本质是互利共赢，双方应共同落实好两国元首达成的重要共识，为中美经贸合作与世界经 济注入更多确定性和稳定性。 来源：中国新闻网 2月12日，外交部发言人林剑主持例行记者会。 ...

来源：新华社综合 据新华社，乌克兰首都基辅市长克利奇科12日说，基辅当天凌晨遭到俄罗斯导弹"大规模袭击"，多栋建 筑物被击中。 （原标题：突发：俄罗斯发动大规模袭击） 据英国《金融时报》11日援引消息人士的话报道，泽连斯基有意于24日公布关于乌总统选举和乌俄和平 协议公投的计划。报道称，特朗普政府要求乌方在5月15日之前举行相关公投，否则将危及拟议中的美 国对乌安全保障协议。 据乌克兰国家通讯社11日报道，乌克兰总统泽连斯基否认将于2月24日公布关于总统选举、乌俄和平协 议公投计划的相关报道。 泽连斯基当天回答媒体提问时表示，乌方将继续把选举与停火及对乌安全保障挂钩，只有在实现停火的 情况下，乌克兰才有可能举行选举。 对于同俄罗斯总统普京的谈判，泽连斯基说，乌方愿意支持美方提出的会谈地点建议，可以在美国、欧 洲或中立国家举行，在任何国家都可以，"俄罗斯和白俄罗斯除外"。 泽连斯基还表示美方曾提及选举这一议题，但他未透露具体细节。他同时指出，美国并未把安全保障作 为在乌克兰选举议题上施压乌方的工具。 克利奇科在社交媒体上写道："大规模袭击仍在继续。请留在掩体中！"克利奇科称，包括住宅楼在内的 多栋建筑物遭袭。 ...

Market Overview - The A-share market experienced a slight upward trend on February 12, with the Shanghai Composite Index rising by 0.05%, the Shenzhen Component Index increasing by 0.86%, and the ChiNext Index gaining 1.32% [2] - A total of 2,108 stocks rose, while 3,280 stocks fell, indicating a mixed market sentiment [2][3] AI Sector Performance - The AI sector in Hong Kong saw a significant surge, with Zhizhu (智谱) stock soaring by 30%, bringing its market capitalization close to HKD 200 billion, and its stock price doubling in just a few trading days [13] - Zhizhu released its new flagship model GLM-5, which has shown strong performance in coding and agent capabilities, competing closely with established models [13] - The company announced a structural price adjustment for its GLM Coding Plan, with an overall price increase starting from 30%, reflecting strong market demand and the need for enhanced service quality [13] Data Center and Cooling Technologies - The computing power industry chain showed strong performance, with companies like Youke (优刻得) and Capital Online (首都在线) hitting the daily limit of 20% increase [4] - In the liquid cooling server segment, stocks such as Chuanrun (川润股份) and Yingweike (英维克) also reached their daily limit [6] CPO Sector - Companies in the CPO (Cloud Point of Operation) sector, including Taicheng (太辰光) and Tianfu Communication (天孚通信), saw stock prices rise over 10%, reaching new highs [8] Non-Ferrous Metals Sector - The non-ferrous metals sector continued its upward trend, with stocks like Xianglu Tungsten (翔鹭钨业) and Zhangyuan Tungsten (章源钨业) hitting the daily limit [10] Media Sector Decline - The media sector faced a downturn, with stocks such as Hengdian Film (横店影视) and Jinyi Film (金逸影视) experiencing significant declines, including some hitting the daily limit down [12]

Core Viewpoint - The A-share market is expected to maintain a "slow bull" pattern in the Year of the Horse, supported by multiple favorable factors such as global liquidity easing, steady domestic economic recovery, improving corporate profits, and a supportive policy environment [1][5][8]. Market Outlook - The overall market is anticipated to continue a stable upward trend, potentially achieving a "three consecutive annual gains" for the first time in years, driven by corporate profits, market confidence, and a shift in deposit allocation [5][6]. - The market style is expected to transition from liquidity-driven to profit-driven, highlighting opportunities in technology growth, cyclical recovery, high-end manufacturing exports, and domestic demand recovery [1][3][8]. Sector Opportunities - Key investment themes include: 1. AI industry chain bottlenecks, particularly in infrastructure such as power, storage, and cooling [14]. 2. High-end manufacturing with global competitiveness, especially in engineering machinery, power equipment, and new energy vehicles [14][15]. 3. Cyclical leaders benefiting from supply-demand improvements due to policies against "involution" [14][15]. - The technology growth sector remains a core focus, with ongoing trends in AI and semiconductor hardware expected to drive investment opportunities [12][19]. Economic and Policy Environment - The macroeconomic environment is viewed as stable, with systemic risks being low. The expectation of a positive macro policy in 2026 is anticipated to alleviate supply-demand imbalances [7][8]. - The overall investment environment is expected to improve, with a gradual increase in incremental capital entering the market, driven by the performance of active equity funds [7][8]. Market Style Evolution - The market is likely to experience a "rebalancing" of styles, with both technology and cyclical sectors coexisting and presenting investment opportunities [11][12]. - The anticipated economic recovery may lead to a significant "high-low switch," where funds shift from high-valued sectors to those at historical lows [12][18]. Risks and Challenges - Potential risks include slower-than-expected domestic economic recovery, geopolitical tensions, and fluctuations in AI-related narratives that could impact market stability [23][24][25].

Group 1 - Investors are debating whether to hold stocks or cash during the upcoming Spring Festival, with discussions on which assets may serve as a "ballast" for wealth in the new era [1] - UBS's China equity strategy head noted that foreign investors' interest in emerging market stocks is expected to rise, indirectly benefiting Chinese stocks [2] - Historical data shows that the Hang Seng Technology Index has averaged a 5.98% increase during the Spring Festival over the past four years, while the Hang Seng Index has averaged a 3.49% increase [2] Group 2 - The Chief Macro Strategist at China Galaxy highlighted that the Hong Kong Stock Connect will be closed for over a week during the Lunar New Year, potentially reducing market liquidity [3] - BlackRock's investment strategist mentioned that infrastructure assets are a good choice for long-term investment, with returns comparable to U.S. large-cap stocks but with significantly lower volatility [4] - The investment environment in China is shifting, with the stock market becoming increasingly attractive as a primary channel for wealth management, potentially replacing real estate [5] Group 3 - The transition from the old paradigm of global trade is slow, with a potential timeframe of 30 to 50 years for significant changes, particularly in capital flows and the role of the U.S. dollar [6] - Key structural themes worth focusing on include power equipment, military, high-end manufacturing, and AI infrastructure suppliers due to ongoing geopolitical tensions and competition between the U.S. and China [6]

Core Viewpoint - Tianji Co., Ltd. is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure regulations, but the company asserts that its production and operational activities remain normal and unaffected by the investigation [2][4]. Group 1: Regulatory Actions - The CSRC has decided to initiate a case against Tianji Co., Ltd. due to issues related to improper goodwill impairment testing, inaccurate financial accounting, and non-compliance with information disclosure regulations [2][4]. - The Guangdong Regulatory Bureau issued an administrative regulatory decision, citing the company's failure to adhere to the "Management Measures for Information Disclosure of Listed Companies" [5]. - The Shenzhen Stock Exchange has also issued a regulatory letter to Tianji Co., Ltd. regarding the same violations [5]. Group 2: Company Response - Tianji Co., Ltd. has expressed its commitment to cooperate with the CSRC and to rectify the identified issues by implementing corrective measures and submitting a written report to the regulatory authorities [6]. - The company plans to enhance its understanding of relevant laws and regulations, improve its internal control systems, and elevate the quality of its information disclosure to protect the interests of shareholders [6]. Group 3: Financial and Shareholder Information - As of February 11, the stock price of Tianji Co., Ltd. was reported at 43.96 yuan per share, with a total market capitalization of 22 billion yuan [7]. - As of January 30, the company had over 180,000 shareholders, reflecting a 2.02% increase in the number of shareholders compared to the previous period [9][10].

歌手李健温情献唱 感谢岁月，赠予人间共鸣 人生同路人 愿你心有所爱 （原标题：李健演唱，2026春晚首发单曲，先听为快！） 来源：央视新闻微信公众号 新春临近 总台马年春晚 发布单曲《人间共鸣》 烟火寻常皆成诗 《人间共鸣》 演唱：李健 作词：董玉方 作曲：钱雷 你和我 来自不同的人生 来自于 陌路偶然的相逢 为什么 这一刻 林间吹来的晚风 让我们 有了同路的共鸣 也都是 追梦离家的孩童 行走在 满是年轮的旅程 哭一声 笑一声 落在世间的远行 让我们 有了心灵的感应 我走的 晴朗和泥泞 走的 月光和寂静 竟会 触动你的心 谢人间 送给我们此番深深的共情 我爱的 鲜花和繁星 爱的 细雨和树影 也会 打动你的心 你和我 坐在树下数光阴 数一数 会心一笑的命运 有微风 有好梦 安放春水与寒冰 这一刻 我愿说话你愿听 我走的 晴朗和泥泞 走的 月光和寂静 竟会 触动你的心 谢人间 送给我们此番深深的共情 我爱的 鲜花和繁星 爱的 细雨和树影 也会 打动你的心 感谢岁月 请你做我的知音 感谢岁月 请你做我的知音 这一切 顺境或逆境 一切 安稳或飘零 我都 祝愿你的心 祝愿你 千山万水不负此生的深情 亲爱的 朋友或爱人 ...

Core Viewpoint - The A-share market is experiencing mixed performance with significant inflows into the ChiNext and satellite industry ETFs, indicating a shift in investor sentiment towards these sectors as the market prepares for the upcoming holiday season [1][2]. ETF Fund Flows - As of February 11, the total scale of 1,339 stock ETFs in the market reached 4.19 trillion yuan, with an overall net outflow of 236 million yuan on that day [2]. - The ChiNext index ETF saw the most significant net inflow of 1.14 billion yuan, while the CSI A500 index ETF experienced a notable net outflow [3]. - The satellite industry also attracted substantial investment, with a net inflow of 890 million yuan on February 11 [3]. Notable ETF Performances - The top-performing ETFs included: - E Fund ChiNext ETF with a net inflow of 1.065 billion yuan [4]. - Southern CSI 1000 ETF with a net inflow of 510 million yuan [5]. - Yongying Satellite ETF with a net inflow of 394 million yuan [4]. - In the past five days, the Hang Seng Technology Index ETF saw inflows exceeding 6 billion yuan, and the SGE Gold 9999 Index ETF attracted over 4.2 billion yuan [3]. Outflows in Broader Market - The broad-based ETFs experienced a net outflow of 755 million yuan, with the CSI A500 ETF leading the outflows at 1.605 billion yuan [6][7]. - The new energy sector also faced significant outflows, totaling 820 million yuan [8]. Market Outlook - The market is expected to focus on macroeconomic data and industry trends post-holiday, with a potential shift towards structural changes in trading logic [9]. - Analysts suggest that the core growth assets are currently at historical median valuations, providing a potential for valuation recovery, while the technology sector remains strong amid ongoing innovations [10].

Core Viewpoint - BMW Group announced a global recall of multiple vehicle models due to potential issues with the starter motor's electromagnetic switch, which may lead to starting difficulties and fire hazards [1] Group 1: Recall Details - The recall affects various BMW models, including the 2 Series Coupe, multiple versions of the 3 Series, 4 Series, 5 Series, 6 Series Gran Turismo, 7 Series, as well as the X4, X5, X6, and Z4 [1] - The issue is linked to starter relays produced between July 2020 and July 2022, with difficulties in precisely identifying the affected vehicles due to differing production and transportation cycles [1] - BMW advises owners not to leave vehicles unattended while the engine is running due to potential fire risks [1] Group 2: Historical Context - This is not the first large-scale recall for BMW related to starter motor issues; a previous recall occurred in the fall of 2025 due to water ingress leading to corrosion and fire risks [1]