Group 1 - DeepSeek announced the opening of the DeepGEMM code library, designed for efficient FP8 general matrix multiplication, with significant discounts on API calls during off-peak hours [2] - The China Securities Finance Corporation will no longer disclose margin financing and securities lending data, which will now be available on the China Securities Data Company's website [2] - China International Capital Corporation and China Galaxy Securities responded to merger rumors, stating they have not received any information regarding a merger from government departments or shareholders [3] Group 2 - The U.S. stock market showed mixed results, with the Dow Jones down 0.43% and the S&P 500 up 0.01%, while major Chinese concept stocks saw significant gains [5] - European stock indices closed higher, with Germany's DAX up 1.71% and France's CAC40 up 1.15% [5] - The Asia-Pacific stock indices had varied performances, with Japan's Nikkei 225 down 0.25% and New Zealand's S&P 50 up 1.18% [5] Group 3 - The People's Bank of China conducted a 548.7 billion yuan reverse repurchase operation at a rate of 1.5%, resulting in a net injection of 9.8 billion yuan [9] - The Hong Kong government projected a budget deficit of 87.2 billion HKD for the 2024/2025 fiscal year, with an expected economic growth rate of 2%-3% for 2025 [9] - Analysts predict a 5% economic growth target for this year's National People's Congress, with a focus on proactive fiscal policies [10] Group 4 - The A-share market saw a rise in major indices, with the Shanghai Composite Index up 1.02% and significant gains in the steel and robotics sectors [12] - The Hong Kong market experienced a surge, with the Hang Seng Index up 3.27% and notable increases in technology and real estate stocks [12] - The China Securities Regulatory Commission emphasized support for Chongqing's economic and financial development [13] Group 5 - The Hong Kong government announced reforms to enhance the stock market, including the introduction of a "Tech Enterprise Line" and adjustments to dual primary listing requirements [14] - Xiaomi launched its end-to-end smart driving system and announced the release of the Xiaomi 15 Ultra smartphone with a 6000mAh battery [15][16] - The IPO of Mixue Ice Cream set a new record in Hong Kong with a subscription rate of 5125 times, raising 1.77 trillion HKD [16] Group 6 - The National Financial Regulatory Administration announced that from March 1, 2025, financial institutions in Hong Kong and Macau will no longer be required to meet a total asset threshold of 2 billion USD to invest in insurance companies [18] - The China Securities Association reported that 137 asset-backed securities plans were newly registered in January 2025, totaling 112.26 billion yuan [18] Group 7 - The Ministry of Industry and Information Technology initiated a pilot program for public sector vehicles in ten cities, aiming to promote the use of new energy vehicles [22] - The Hong Kong government plans to allocate 1 billion HKD to establish an artificial intelligence research institute [22] Group 8 - The U.S. Senate confirmed Jamieson Greer as the U.S. Trade Representative [24] - The German Gfk consumer confidence index for March was reported at -24.7, below expectations [24] - The Thai central bank unexpectedly cut its policy rate by 25 basis points to 2.00% [25]

Market Performance - The main board saw significant gains with companies like Kosen Technology (+10.04%), Heertai (+10.01%), and Taijing Technology (+5.86%) leading the charge [1] - The STAR Market also performed well, highlighted by Canxin Technology (+20.00%) and Chip Origin Technology (+13.24%) [1] - Active sub-industries included SW Digital Chip Design (+3.23%) and SW Semiconductor Materials (+1.41%) [1] Domestic News - Xiaomi announced the launch of its 15 Ultra smartphone featuring a 6000mAh battery with a 10% higher silicon content, claiming it to be the "strongest Xiaomi battery" with a daily usage endurance of 1.46 days and over 1000 effective charge cycles [1] - Xiaomi's founder Lei Jun announced the full-scale rollout of Xiaomi HAD, an end-to-end intelligent driving solution, with the Xiaomi SU7 Ultra pre-installed [1] - DeepSeek has open-sourced DeepGEMM, a library designed for efficient FP8 general matrix multiplication, which is implemented in CUDA and does not require compilation during installation [1] - Nullmax and Renesas Electronics signed a strategic cooperation agreement to develop reliable and user-friendly intelligent driving solutions by combining their respective strengths in AI software algorithms and chip performance [1] Company Announcements - Fudan Microelectronics reported a revenue of 3.59 billion yuan for 2024, a year-on-year increase of 1.51%, with a net profit of 573 million yuan [3] - Qingyi Optoelectronics announced a revenue of 1.11 billion yuan for 2024, up 20.35%, with a net profit of 172 million yuan, reflecting a 28.80% increase [3] - Juguang Technology reported a revenue of 619 million yuan for 2024, a year-on-year growth of 10.32% [3] - Yinjixin announced a revenue of 1.43 billion yuan for 2024, a 17.53% increase, with a net profit of 124 million yuan, marking a significant growth of 322.73% [3] Overseas News - Micron has begun shipping samples of its next-generation 1γ (1-gamma) 10nm DDR5 memory, achieving a data transfer rate of 9200MT/s, a 15% increase over previous products, while reducing power consumption by over 20% [3] - Canalys reported a strong performance in global AI computer shipments, reaching 15.4 million units in Q4 2024, accounting for 23% of total computer shipments, with Apple holding a dominant market share of 54% [3] - TrendForce indicated that global smartphone panel shipments reached 2.157 billion units in 2024, a year-on-year increase of 11.4%, attributed to rising sales of new smartphone models and demand for second-hand and refurbished devices [3] - Meta is discussing a $200 billion AI data center project [3]