中办、国办，最新印发；证监会发布重要修订！阿里巴巴公布第四季度业绩→

Group 1: Policy and Regulatory Updates - The Central Committee and State Council issued opinions on promoting urban renewal actions, emphasizing the need for diversified investment and financing methods, including support from central and local governments through special bonds and tax incentives [3] - The China Securities Regulatory Commission (CSRC) released regulations on the supervision of funds raised by listed companies, stressing that funds should be used specifically for main business operations to support the real economy [5] - The Supreme Court and CSRC issued guidelines to ensure fair law enforcement and judicial services to support high-quality development in the capital market, aiming to purify the market environment by combating false information and unfair competition [4] Group 2: Company Performance and Financial Results - Alibaba Group reported its Q4 and full-year results for FY2025, with Q4 revenue of 236.45 billion RMB, a 7% year-on-year increase, and adjusted net profit of 29.85 billion RMB, up 22% year-on-year [18] - NetEase's Q1 revenue reached 28.8 billion RMB, with a research and development investment of 4.4 billion RMB, reflecting a strong focus on long-term growth and product development [18] - Zeekr Technology Group reported Q1 revenue of 22.02 billion RMB, a 1.1% year-on-year increase, but a net loss of 763 million RMB, narrowing by 60.2% year-on-year [19] Group 3: Market Trends and Insights - The global hedge fund Bridgewater significantly reduced its holdings in SPDR S&P 500 ETF while increasing its stake in Alibaba, indicating a shift towards perceived undervalued assets amid economic uncertainty [11] - The price of gold has been declining, with a drop of over 10% from its historical high of 3,500 USD/ounce, reflecting market volatility and investor sentiment [11] - Xiaomi's automotive sales have seen a continuous decline for three weeks, with sales figures dropping from 7,200 units to 5,200 units in recent weeks, indicating potential challenges in the automotive sector [23]