Abstract: Wu Qing, Chairman of the Securities and Futures Commission: When the market fluctuates irrationally and violently, it is time to act decisively. Central Bank Governor Pan Gongsheng: At present, China's banks industry reserve rate averages at 7%, and there is still room for subsequent downgrades. Minister of Finance Lan Foan: This year will be targeted to study the introduction of structural tax and fee reduction policies. Zheng Zhajie, Director of the National Development and Reform Commission: Equipment renewal will be a huge market with an annual scale exceeding 5 trillion. Minister of Commerce Wang Wentao: Promote consumer goods to trade in old and insist on market-oriented. Ministry of Agriculture and Rural Affairs: Accelerate the promotion of sugar production quality and efficiency. BYD intends to repurchase shares for 0.4 billion yuan . hongxin electronics holding company sui honglu signed the computing service agreement

Overnight outside

U.S. Eastern time on Wednesday (6th), the three major U.S. stock indexes surged, with the Dow up 0.20 percent, the Nasdaq up 0.58 percent and the S & P 500 up 0.51 percent. Federal Reserve Chairman Jerome Powell is on Capitol Hill for a two-day monetary policy hearing. He reiterated that the Fed would not rush to cut interest rates until inflation was under control. On the market, most of the large technology stocks fell, most of the bank stocks rose. Chip stocks rose across the board, NVIDIA rose more than 3% to a new high, popular Chinese stocks generally rose, the Nasdaq China Golden Dragon Index rose 1.96 percent.

All three major European indices rose. By the close, Britain's FTSE 100 was up 0.34 per cent, France's CAC 40 was up 0.26 per cent and Germany's DAX 30 was up 0.01 per cent.

Hotspot Focus

1. Wu Qing talks about the capital market: when extreme situations occur, you should act decisively

On March 6, the press conference on the economic theme of the Second Session of the 14th National People's Congress was held. Wu Qing, Chairman of the China Securities Regulatory Commission, said that the market operation has its own laws and should not be intervened under normal circumstances. However, when the market is seriously separated from the fundamentals, In extreme situations such as irrational and violent shocks, liquidity depletion, market panic, and serious lack of confidence, the CSRC has already taken some effective measures, it will also improve the relevant mechanisms to resolutely prevent the occurrence of systemic risks.

At the same time, Wu Qing said that at present, the CSRC conducts sampling on-site inspections of enterprises under review, and the exchange also conducts on-site inspections, but the coverage of on-site inspections and on-site inspections is still very limited. The next step is to double and substantially increase the coverage of on-site inspections, and further increase the investigation and punishment of clues found in violations of laws and regulations, so as to force issuers to further improve the quality of declarations and force intermediaries to perform their duties.

2. pan gongsheng, governor of the central bank: at present, China's banks industry deposit reserve ratio averages 7%, and there is still room for further reduction

On March 6, the second session of the 14th National People's Congress held a press conference on the economic theme. Pan Gongsheng, governor of the People's Bank of China, said that at present, the average deposit reserve ratio of China's banking industry is 7%, and there is still room for further reduction.

3. Minister of Finance Lan Foan: This year, we will study and introduce structural tax and fee reduction policies

On March 6, a press conference on the economic theme of the Second Session of the 14th National People's Congress was held. Minister of Finance Lan Foan said that moderate strengthening and improving quality and efficiency are the keynote and characteristics of this year's fiscal policy. Moderate reinforcement is the overall use of various fiscal policy tools, the appropriate expansion of the scale of fiscal expenditure, the implementation of preferential tax policies, and the promotion of high-quality development. This is mainly reflected in three aspects: first, the overall expansion of the intensity of fiscal expenditure. This year, the deficit rate is arranged at 3%, and the deficit scale reaches 4.06 trillion billion yuan. We will coordinate all kinds of financial resources and increase fiscal expenditure. Second, the scale of government bonds has increased significantly, with new local government special bonds and new issuance of ultra-long-term government bonds totaling 4.9 trillion yuan, plus most of the 1 trillion special government bonds issued last year will be used this year, which is a real government expenditure. Third, this year, we will study and launch structural tax and fee reduction policies, focusing on supporting scientific and technological innovation and manufacturing development, and better serving the construction of a modern industrial system.

4. Zheng zhujie, director of the national development and reform Commission: equipment renewal will be a huge market with an annual scale exceeding 5 trillion

Zheng Zhajie, Director of the National Development and Reform Commission: Promoting large-scale equipment upgrades and consumer goods trade-in is a major deployment made by the Party Central Committee and the State Council focusing on the overall situation of high-quality development. Take equipment as an example. Last year, the investment scale of equipment in key areas such as industry and agriculture in China was about 4.9 trillion billion yuan. With the deepening of high-quality development, the demand for equipment renewal will continue to expand. Preliminary estimates will be a huge market with an annual scale of more than 5 trillion.

5. Minister of Commerce Wang Wentao: Promote trade-in of consumer goods and insist on market-oriented

On March 6, a press conference on the economic theme of the Second Session of the 14th National People's Congress was held. Minister of Commerce Wang Wentao said that in terms of expanding domestic demand this year, consumer goods such as automobiles, home appliances, home improvement, kitchen and bathroom will be promoted to replace old ones with new ones. China's automotive home appliance home improvement market complex volume, potential renewal demand in recent years into the centralized release period. Promoting the trade-in of consumer goods is not only a powerful measure to strengthen the current economic growth in a timely manner and consolidate the economic recovery, but also a long-term strategy to promote high-quality economic development. However, it should be emphasized that trade-in should be based on consumers' willingness, and the overall idea is to give priority to the market and fully mobilize the enthusiasm of all parties through policy support and guidance.

6. Ministry of Agriculture and Rural Affairs: Accelerating the Quality Improvement and Cost Reduction of Sugar Production

on March 5, the planting management department of the Ministry of agriculture and rural areas held a national sugar production quality improvement, cost reduction and efficiency enhancement promotion meeting in Longchuan county, Dehong prefecture, Yunnan province, to exchange experiences and practices in promoting sugar production quality improvement and efficiency enhancement, analyze the situation and tasks faced by the industry, and deploy key work to promote the high-quality development of the sugar industry. The meeting pointed out that for the high-quality development requirements of the standard sugar industry, it is necessary to improve quality, reduce costs and increase efficiency as the main line, coordinate the production of two major varieties of sugarcane and sugar beet, and accelerate the solution of bottlenecks such as key varieties, virus-free seedlings, and full mechanization. Vigorously promote comprehensive measures for the integrated assembly of good fields, good varieties, good methods, good opportunities, and good systems, and explore the establishment of "five good" five good, effectively improve the quality, efficiency and competitiveness of the sugar industry. The meeting demanded that we should adhere to the problem orientation, focus on key and difficult points, and speed up the promotion of sugar production to improve quality and reduce cost-effectiveness. First, the compaction of responsibility and strengthening support at the same time, the construction of sugar cane production protection areas, efforts to expand the incremental space, do everything possible to stabilize the sugar area. The second is to consolidate the foundation and integrate technology at the same time, and work hard to promote the integration of "land adaptation machine", "machine adaptation to land", and agricultural machinery and agronomy, and accelerate the improvement of the entire mechanization level of sugar production. The third is to strengthen innovation and accelerate application simultaneously, select a batch of independent and controllable breakthrough varieties, accelerate the promotion of commercialized virus-free seedlings, and strive to release the potential of improved varieties to increase production. The fourth is to stabilize production and supply and green development at the same time, vigorously promote chemical fertilizer reduction and efficiency technology, actively promote the unified control of pests and diseases and green prevention and control, and strengthen the resource utilization of sugarcane leaves and other wastes. Fifth, sugar income and sugar enterprises to increase efficiency.

Theme Opportunity

1. A major breakthrough has been made in the "stuck neck" link of domestic nuclear drugs for cancer treatment. The two companies have already made a layout in related fields

According to the official news of "CNNC", in December 2023, CNNC Nuclear Industry Physical and Chemical Engineering Research Institute/Co., Ltd., for the first time in the world, successfully produced high-abundance gram-level ytterbium -176 isotope products using advanced technology, getting rid of the long-term dependence on imports of ytterbium -176 isotope products. A few days ago, the product successfully passed the irradiation preparation of CMRR reactor in the Institute of Nuclear Physics and Chemistry of China Academy of Engineering Physics, and obtained 1.59Ci carrier-free lutetium -177 product. All indexes were qualified, and the radioactive nuclear purity was more than 99.9, thus opening up a key link in the domestic nuclear drug industry chain.

It is understood that lutetium -177 is an ideal radioactive medical isotope. The beta particles emitted are very suitable as a new type of radioactive immunotherapy agent for prostate cancer, breast cancer and other diseases. The y-rays emitted are suitable for diagnosis. Imaging and evaluation of radiotherapy effect have a wide range of application prospects in medical clinic. This technological achievement indicates that the ytterbium -176 isotope products produced by the research team of the Institute of Nuclear Physics and Chemistry/Company using advanced technology fully meet the technical specifications of nuclear medicine production, realize the independent and controllable supply of ytterbium -176 isotope materials in China, and provide an important guarantee for the independent and controllable development of nuclear medicine, breaking the monopoly of key materials of nuclear medicine and entering the international market.

Related concept companies include CGNPC and Lianxiang.

2, Global Plastic Pollution Control Accelerates Plastic Recycling and Attention Again

According to German media reports, the European Union will partially ban plastic packaging from 2030. The EU must significantly increase the number of recyclable packaging in the future. On the evening of the 4th, negotiators from the European Parliament and EU countries reached an agreement on this in Brussels. The European Parliament has also announced that certain single-use packaging will be banned from 2030. The goal is to gradually reduce packaging waste in the EU by at least 15% by 2040 compared to 2018. The recently concluded Sixth United Nations Environment Assembly in 2024 will continue to include the recovery and recycling of plastic waste in the category of "fighting plastic pollution.

Domestically, the China Recycled Plastics Industry Development Report (2023) is expected to be officially released in March. In addition, drafted by the All-China Federation of Industry and Commerce Environmental Services Chamber of Commerce, the All-China Federation of Industry and Commerce as a group proposal recently submitted the "Proposal on Promoting the Development of the Recycled Plastics Industry", focusing on plastic issues.

At present, plastic pollution has become a global environmental problem second only to climate change, which poses a great challenge to global sustainable development. China is the world's largest plastic producer and consumer, facing serious plastic pollution challenges. According to the statistics of the Recycled Plastics Branch of the China Material Recycling Association, my country's waste plastics produced more than 6000 million tons in 2022, of which more than 1800 million tons of waste plastics were recycled. The elimination of plastic pollution is not only one of the important issues of the United Nations climate change and the environment, but also related to China's progress in achieving the "double carbon" goal and fulfilling its independent contribution commitments. Therefore, China needs to further accelerate the prevention and control of plastic pollution and resource conservation and substitution, and build a high-quality plastic recycling cycle.

Related concept companies include Yingke Regeneration, Sanlian Hongpu, and Golden Hair Technology.

3 Scientists have developed a new type of heat dissipation material that can increase the charging speed of electric vehicles by five times

According to media reports, scientists at the Fraunhofer Institute in Germany have successfully reduced the thermal load of electronic components using ultra-thin diamond films. The key to this technological breakthrough lies in the excellent thermal conductivity and insulation of diamond. According to the researchers, the diamond nanofilm can reduce the thermal load of electronic components by 10 times, thereby significantly improving their service life and the energy efficiency of the overall device. In addition, if the technology is applied to the charging system, it can also increase the charging speed of electric vehicles by five times.

What's more exciting is that diamond nanofilms can be prepared directly on silicon wafers, making it easy to achieve mass production. Diamond film is an excellent artificial preparation material developed rapidly in the middle and late 1980 s. It has a wide range of applications in semiconductor, optics, aerospace industry, large-scale integrated circuits and other fields. At present, some domestic scientific research institutions have begun to apply diamond materials to a new generation of integrated circuit substrate research, if the future diamond film materials in the field of integrated circuit applications to achieve a breakthrough, then the cultivation of diamond industry will open the development ceiling. With the continuous progress of science and technology, the application of diamond in the fields of sound, heat, light, electricity and military and other cutting-edge and high-tech products will gradually increase, and new market demand will emerge as the times require. Related concept companies include Yellow River Cyclone, Wald, etc.

Company News

1, five boards furong technology : the company's products do not have AI function

Furong Technology (603327), which has a daily limit for five consecutive trading days, disclosed stock trading changes and risk warning announcement on the evening of March 6, saying that the company's main business is the research and development, production and sales of aluminum structural materials for consumer electronic products. The company's main products are aluminum structural parts for consumer electronics, which are further processed for smartphones, tablets and laptops. Company products do not have AI capabilities.

2. Clare Electromechanical : Alert the risk of overheated market sentiment and irrational speculation

Klai Electromechanical announced on the evening of March 6 that the company's stock has closed at the daily limit 14 times in 19 trading days since January 31. On March 6, the company's stock hit the daily limit again. The company once again reminded investors of the risks of overheating market sentiment and irrational speculation, reminding investors to pay attention to the risks of secondary market transactions, make rational decisions, and invest prudently.

3, BYD : intends to use 0.4 billion yuan to repurchase shares for cancellation to reduce registered capital

BYD (002594) announced on the evening of March 6 that it intends to use the company's own funds to repurchase shares at 0.4 billion yuan for cancellation to reduce registered capital. The repurchase price does not exceed 270 yuan per share.

4, yunyong technology : plans to buy back shares at 10 million yuan to 20 million yuan

Yunyong Technology (688060) announced on the evening of March 6 that the company intends to repurchase shares at 10 million yuan to 20 million yuan, which will be used for employee stock ownership plans or equity incentives at an appropriate time in the future, and the repurchase price will not exceed 47.94 yuan/share.

5, Jingdong Group: intends to buy back shares worth no more than US $3 billion in the next 36 months

JD Group announced on the Hong Kong Stock Exchange that the company's board of directors has approved a new share repurchase plan, which will take effect after the company's existing share repurchase plan expires on March 17, 2024. Under the new share repurchase program, the Company may repurchase shares worth up to $3 billion in the next 36 months ending March 2027.

6, Hongxin Electronics : Suihong Green and Capital Online Signed a power service agreement

Hongxin Electronics (300657) announced on the evening of March 6 that the company's holding company Gansu Suihong Green Computing Power Co., Ltd. (hereinafter referred to as "Suihong Green") and Beijing Capital Online Technology Co., Ltd. (hereinafter referred to as "Capital Online") jointly signed the "Computing Power Service Agreement" on March 5. According to the needs of its own business development, Capital Online purchases computing resources services and other related products from Suihong Green. Both parties plan that within 3 years after the signing of this agreement, Capital Online purchases computing resources services from Suihong Green with a total service fee of about 0.3 billion yuan. The specific purchase quantity and service period shall be subject to the PO order signed by both parties, and the amount of the first computing services order shall not be less than 20 million yuan.

7. Baiyun Airport : Signed the contract for Terminal 2 and GTC advertising media operation project

Baiyun Airport (600004) announced on the evening of March 6 that its wholly-owned subsidiary Guangzhou Baiyun International Airport Terminal 2 Area Management Co., Ltd. and Dian Win-Win Group Co., Ltd. (hereinafter referred to as "Dian Win-Win") signed the Guangzhou Baiyun International Airport Terminal 2 and GTC Advertising Media Operation Project (2024) Contract. No. 2 Air Traffic Management Company granted Dian a win-win situation to use Baiyun Airport Terminal 2 and advertising resources within the scope of GTC planning. Dian a win-win situation paid the transfer fee of advertising management right to No. 2 Air Traffic Management Company. The benchmark price of the transfer fee of advertising management right in the first operating year (excluding tax) is about 0.281 billion yuan.

8, Lanqi Technology : intends to sign the relevant purchase agreement with Intel Company

Lanqi Technology (688008) announced on the evening of March 6 that the company intends to sign relevant purchase agreements with Intel Corporation and companies directly or indirectly controlled by Intel Corporation (hereinafter referred to as "Intel Corporation") on the purchase of raw materials, research and development tools and services. The board of directors authorized the management to sign the above purchase agreements within the limit of no more than 0.106 billion yuan. The Company's related transactions are mainly for the Company's purchase of raw materials, research and development tools and services from Intel.

9, dongmu shares : the joint venture intends to acquire 10% equity of Shenzhen xiaoxiang electric company

dongmu shares (600114) announced on the evening of March 6 that Ningbo dongmu guangtai, a joint venture, plans to acquire a 10% stake in Shenzhen xiaoxiang electric technology co., ltd. (hereinafter referred to as "Shenzhen xiaoxiang electric company") with cash of 10.8 million yuan. after the acquisition is successful and relevant legal procedures are completed, Ningbo dongmu guangtai will hold a 22% stake in Shenzhen xiaoxiang electric company. Follow-up company and Shenzhen small elephant electric company will further deepen communication and cooperation, to achieve complementary resources between the two sides. Shenzhen Xiao Xiang Electric Company will give full play to its core technical advantages in energy-gathering magnetic axial flux motors and control algorithms. The company will give full play to its advantages in materials, manufacturing, marketing, etc., and rebuild a site of about 1000 square meters in Ningbo factory., Specially set up an axial flux motor assembly line.

10, longpan technology : plans to acquire 100% equity of Shandong meiduo and increase its capital

Longpan Technology (603906) announced on the evening of March 6 that the company plans to acquire 100 of the shares of Shandong Meiduo Technology Co., Ltd. (hereinafter referred to as "Shandong Meiduo") for 0.101 billion yuan and increase its capital by 50 million yuan after the acquisition is completed. Shandong Meiduo's main business is the recycling and cascade utilization of waste power batteries for new energy vehicles. Through the recycling of waste lithium batteries and a series of processes such as dismantling, leaching and refining, products such as battery-grade lithium carbonate, battery-grade nickel sulfate, battery-grade cobalt sulfate and battery-grade manganese sulfate are finally obtained, which are widely used in lithium iron phosphate and ternary cathode materials, and have high synergy with the company's lithium battery business.