NO.1 Overnight Market

The three major U.S. stock indexes collectively closed down, with the Nasdaq falling 1.36% and 0.53% this week; The Dow fell 0.99%, down 0.54% for the week; The S&P 500 fell 0.95% and fell 0.24% for the week; Most of the big tech stocks fell, with Amazon falling more than 4%, the biggest one-day drop since December 18 last year; Tesla, Google fell more than 3%, Apple fell more than 2%, Microsoft, Intel fell more than 1%, and Netflix fell slightly; Nvidia and Meta rose slightly; Among them, Tesla fell nearly 11% this week, the largest decline since October last year, and its market value evaporated by 138.2 billion US dollars (about 1,007.3 billion yuan) this week. Most of the Chinese concept stocks rose, the Nasdaq China Golden Dragon Index rose 1.34%, Futu Holdings rose more than 8%, Tiger Brokers rose more than 6%, Li Auto rose more than 4%, Alibaba rose more than 3%, iQiyi, Bilibili rose more than 2%, and Pinduoduo rose more than 1%.

U.S. non-farm payrolls rose by 143,000 in January, with an estimated increase of 175,000 and a previous increase of 256,000.

Spot gold hit a new intraday high, reaching as high as $2,886.83 an ounce, and has risen for six consecutive weeks at $2,862.68 as of press time.

International oil prices rose across the board, with the U.S. oil March contract up 0.64% to $71.06 per barrel, down 2.03% for the week; Brent oil April contract rose 0.59% to $74.73 a barrel, down 1.24% for the week.

Major European stock indexes collectively closed lower, with Germany's DAX 30 down 0.60%, Britain's FTSE 100 down 0.33%, France's CAC 40 down 0.43%, and Euro Stoxx 50 down 0.57%.

NO.2 The central bank increased its holdings of gold for the third consecutive month

Data released on the central bank's website on February 7 showed that China's gold reserves were 73.45 million ounces at the end of January, marking the third consecutive month of gold holdings. The central bank's gold reserves stood at 73.29 million ounces at the end of December last year and 72.96 million ounces at the end of November. Statistics released by the China Gold Association at the end of January showed that the People's Bank of China increased its holdings of gold by 44.17 tons in 2024. As of the end of last year, China's gold reserves stood at 2,279.57 tonnes, ranking sixth in the world. Gold jewellery prices continue to rise. On February 7, the price of Chow Tai Sheng's pure gold 999 and Chow Tai Fook pure gold jewelry was 869 yuan/gram. (per synthesis).

NO.3 Informative! The CSRC issued a blockbuster

According to the website of the China Securities Regulatory Commission, on February 7, the China Securities Regulatory Commission formulated the "Implementation Opinions on the "Five Major Articles" of Finance in the Capital Market (hereinafter referred to as the "Implementation Opinions"). The "Implementation Opinions" focus on supporting the development of new productive forces, highlighting the deepening of the comprehensive reform of capital market investment and financing, enhancing the inclusiveness and adaptability of the system, and promoting the agglomeration of factor resources to major strategies, key areas and weak links such as scientific and technological innovation, advanced manufacturing, green and low-carbon, and inclusive people's livelihood. Focusing on strengthening financial services for the whole chain and life cycle of technology-based enterprises, enriching the product system and system of the capital market to promote green and low-carbon transformation, improving the efficiency of the capital market in serving inclusive finance, promoting the capital market to better meet the needs of diversified pension finance, accelerating the promotion of digitalization and intelligence to empower the capital market, strengthening the service capacity of industry institutions in the "five major articles" of finance, and enhancing the joint force of the capital market to do a good job in the "five major articles" of finance18 policy initiatives were proposed.

NO.4 State Administration of Financial Regulation: Carry out a pilot project for insurance funds to invest in gold business

On February 7, the State Administration of Financial Supervision issued the Notice on Carrying out the Pilot Project of Insurance Funds Investment in Gold, and the pilot project of insurance funds investing in gold business will be carried out from the date of issuance of the Notice. The "Notice" mainly puts forward clear requirements from three aspects: pilot content, pilot requirements and supervision and management. In terms of pilot content, the Notice defines the business scope and investment methods of pilot investment in gold, and identifies 10 pilot insurance companies. In terms of pilot requirements, the "Notice" regulates the ex-ante and ex-ante management of investment in gold by pilot insurance companies. In terms of supervision and management, the Notice clarifies the regular reporting and interim reporting mechanisms and relevant supervision and management requirements for the pilot business.

Pilot participants include: Chinese People's Property Insurance Co., Ltd., Chinese Life Insurance Co., Ltd., Taiping Life Insurance Co., Ltd., China Export & Credit Insurance Corporation, Ping An Property & Casualty Insurance Co., Ltd., Ping An Life Insurance Co., Ltd., China Pacific Property & Casualty Insurance Co., Ltd., China Pacific Life Insurance Co., Ltd., Taikang Life Insurance Co., Ltd., New China Life Insurance Co., Ltd.

NO.5 China is launching an anti-monopoly investigation against Apple? The Ministry of Foreign Affairs responded

On February 7, Foreign Ministry Spokesperson Lin Jian held a regular press conference. According to Bloomberg, China's State Administration for Market Regulation is conducting an anti-monopoly investigation into Apple. Can the spokesperson confirm this? "I don't know about the situation, so I suggest that I ask the competent authorities on the Chinese side." Lin Jian responded. (Beijing Daily).

NO.6 China Chamber of Commerce for Mechanical and Electrical Industry responds to the US tariffs on Chinese products

The official Weibo of the China Chamber of Commerce for Mechanical and Electrical Industry issued a solemn statement on February 7 on the 10% tariff imposed by the United States on Chinese products. On February 1, local time in the United States, the U.S. government announced that it would impose an additional 10% tariff on Chinese products exported to the United States on the grounds of fentanyl and other issues. The China Chamber of Commerce for Import and Export of Machinery and Electronic Products hereby solemnly declares that it strongly opposes the unilateral imposition of import tariffs by the United States. The unilateral imposition of tariffs by the US side seriously violates WTO rules, which is not only not conducive to solving its own problems, but also undermines normal economic and trade cooperation between China and the United States. China and the United States have always had close trade exchanges, which have brought tangible benefits to businesses and people on both sides. The tariffs will directly increase costs for companies and disrupt supply chain stability, hurting not only Chinese exporters, but also U.S. importers and consumers.

NO.7 In the first month of 2025, the number of A-share accounts opened was 1,563,888, exceeding the previous year's 6 months

The Shanghai Stock Exchange recently disclosed the data of new stock accounts opened in A-shares in January 2025. According to the data, in January 2025, 1,563,888 new A-share accounts were opened by individual investors, and 6,097 new accounts were opened by institutional investors。 Although it has retreated from the highs of some months in 2024, the data still shows the solid momentum of the market at the start of the new year. How to see the account opening data of 1.56 million? In 2024, there will be more than 1.5 million new accounts opened in 6 months, and combined with the Spring Festival factor, it can be seen that the market sentiment at the beginning of 2025 is relatively enthusiastic. Among them, the minimum number of accounts opened in 2024 is in August, with only 990,000 new accounts opened, and the other months below 1.5 million are February (1.29 million), April (1.47 million), May (1.26 million), June (1.07 million), and July (1.15 million). (21 Finance).

NO.8 "Nezha 2" topped the global single market box office list in film history

According to the data of Maoyan Professional Edition, as of 21 o'clock on February 7, the box office (including pre-sale) of the movie "Nezha: The Demon Boy in the Sea" exceeded 6.7922 billion yuan, surpassing the box office results of "Star Wars: The Force Awakens" and topping the box office list of the single market in global film history.

NO.9 Huang Xuhua, the "father of China's nuclear submarines", passed away

According to the WeChat public account of China Shipbuilding on February 7, Comrade Huang Xuhua, an outstanding member of the Communist Party of China, an academician of the Chinese Academy of Engineering, a winner of the Medal of the Republic and the highest national science and technology award, a national moral model, the chief designer of China's first-generation nuclear submarine project, and the former director, secretary of the Party committee (acting) and honorary director of the 719th Research Institute of China Shipbuilding Group Co., Ltd., died at 20:30 on February 6, 2025 in Wuhan, Hubei Province, at the age of 99。

NO.10 International News

Trump: Musk has been instructed to review U.S. Department of Defense spending

On February 7, local time, U.S. President Trump said that he had instructed the government efficiency team led by Elon Musk to review the U.S. Department of Defense spending. On January 20, local time, U.S. President Donald Trump signed an executive order on the day of his swearing-in to form an advisory board called the "Department of Government Efficiency (DOGE)" to launch significant reforms to the federal government. (CCTV News).

U.S. President Donald Trump said he expects to meet with Ukrainian President Volodymyr Zelensky next week

On February 7, local time, U.S. President Trump said that he expects to meet with Ukrainian President Volodymyr Zelensky next week and "may" have a dialogue with Russian President Putin. Trump said he wants to discuss U.S. financial and military support for Ukraine in the Russia-Ukraine conflict and will ask Zelenskyy to ensure the safety of all assets. (CCTV News).

The President of Ukraine proposed to "return" nuclear weapons, and the US special envoy said that it was impossible

Recently, Ukrainian President Volodymyr Zelensky proposed that Ukraine should be "returned" with nuclear weapons. In response, Kellogg, the special envoy for the Russia-Ukraine conflict appointed by US President Trump, responded that Ukraine's regain of nuclear weapons "cannot happen". (CCTV News).

U.S. President Donald Trump met with Japanese Prime Minister Shigeru Ishiba to discuss strengthening bilateral cooperation

On February 7, local time, U.S. President Trump and Japanese Prime Minister Shigeru Ishiba met, and the leaders of the two countries held a joint press conference after the meeting. Trump said the United States would work closely with Japan. Trump said Japan will soon start importing new U.S. LIQUEFIED natural gas. In addition, Trump said that Nippon Steel is considering a significant investment in U.S. steel companies. (CCTV News).

U.S. Department of Defense officials: About 1,500 additional active-duty troops will be deployed to the U.S.-Mexico border

U.S. Department of Defense officials said on February 7 local time that they would send about 1,500 additional active-duty troops to the U.S.-Mexico border, bringing the total number of U.S.-Mexico border troops to about 3,600. On January 22, local time, the U.S. Department of Defense announced that it had established a task force to implement President Trump's executive order to defend the border. (CCTV News).

Russia's economy is at an all-time high, with GDP growth of 4.1% in 2024

Russian President Vladimir Putin listened to a report by Prime Minister Mishustin on the country's economic development in the Kremlin on February 7, local time. According to Mishustin, Russia's gross domestic product (GDP) grew by 4.1% in 2024, reaching an all-time high of 200 trillion rubles. Putin said that the results of economic development in 2024 are satisfactory, and 2025 should be a year of balanced economic development. (CCTV News).

NO.1 has been announced! Huawei's AI patents, intensive exposure

Huawei: According to an announcement issued by the State Intellectual Property Office, Huawei Technologies Co., Ltd. (hereinafter referred to as "Huawei") has recently published a number of patents in the field of artificial intelligence. On February 7, Huawei published a patent for "an AI model processing method and related equipment", which provides an AI model processing method and related equipment to improve the performance of AI models. On the same day, another invention patent, "data processing methods, interaction methods, media, and devices", was also published by Huawei, which also involved the field of artificial intelligence technology. On January 28, the State Intellectual Property Office (CNIPA) announced a number of invention patents involving artificial intelligence, six of which were filed by Huawei. In addition, the Tianyancha App shows that since 2025, Huawei has disclosed 26 patents in the field of artificial intelligence. (Shanghai Securities News).

Comments: As a leading enterprise, Huawei's patent portfolio in the field of artificial intelligence shows its leading position in technological innovation, which will bring long-term competitive advantages to enterprises.

NO.2 Ali denied investing in DeepSeek

Alibaba (HK09988, stock price of HK$100.00, market capitalization of HK$1.90 trillion): The reporter of "Daily Economic News" noticed that on February 7, there were market rumors that Alibaba planned to invest $1 billion in DeepSeek. In this regard, Yan Qiao, vice president of Alibaba Group, responded in the circle of friends, saying that we applaud DeepSeek, which is also a Chinese Hangzhou company, but the information circulating in the outside world about Ali's investment in DeepSeek is fake news.

NO.3 On February 21st, DeepSeek will attend!

DeepSeek: The reporter learned from the press conference of the Global Developer Pioneer Conference held in Xuhui, Shanghai on February 7 that for the 2025 Global Developer Pioneer Conference to be held in Xuhui, Shanghai from February 21 to 23, the organizing committee of the conference has contacted the team of DeepSeek, and DeepSeek will actively participate in the entire conference. (SSE News).

Comments: DeepSeek actively participated in the conference to demonstrate the company's products and technical strength, indicating that it attaches great importance to the development of the industry and is expected to further strengthen the company's brand awareness.

NO.4 50 billion chip giant officially announced: successfully run DeepSeek

Loongson Zhongke (SH688047, share price 131.70 yuan, market value 52.812 billion yuan): Following the adaptation or listing of DeepSeek model services by 17 domestic AI chip companies such as Huawei Ascend, Haiguang Information, Cambrian, and Yuntian Lifei, Loongson Zhongke also announced on February 7 that the equipment equipped with Loongson No. 3 CPU successfully started running the DeepSeek R1 7B model to achieve localized deployment with excellent performance. The cost is excellent, and it can provide users with a faster, stronger and more economical training experience. On February 6, Loongson Zhongke's share price rose 9.41%. On February 7, Loongson Zhongke's share price closed at 131.7 yuan per share, down 0.96%, and the latest market value was 52.8 billion yuan.

Comments: As a domestic AI chip company, Loongson Zhongke has made an important breakthrough in adapting to DeepSeek model services, and has good market potential and growth space.

NO.5 ByteDance: The news that Zhao Ming, the former CEO of Honor, will go to ByteDance to do mobile phone business is untrue

ByteDance: Recently, there were market rumors that Zhao Ming, the former CEO of Honor, will go to ByteDance to do mobile phone business. ByteDance wants to make a mobile phone, focusing on the concept of AI. On February 7, ByteDance responded to reporters that the news that Zhao Ming was going to ByteDance to make a mobile phone was untrue. Regarding the rumors that ByteDance is making mobile phones, ByteDance said that the news is untrue, and it is actually exploring a large model software solution based on mobile phones for mobile phone manufacturers to use for reference. ByteDance currently has no plans to make its own mobile phones and sell them. (CSI Taurus).

NO.6 The British security department was exposed to asking Apple to leave a "back door".

Apple (AAPL, stock price $227.63, market capitalization $3,419.5 billion): The Washington Post reported on February 7, local time, citing sources familiar with the matter, that British security officials recently asked Apple to create a so-called "backdoor" so that it can retrieve all content uploaded to the cloud by any Apple user around the world. Neither the UK government nor Apple has responded to this report. (CCTV News).

Comment: This is an important issue for Apple as it may affect the privacy and security of its users.

NO.7 Oriental Selection: Cui's rumor-mongering company collected publicity fees from Guizhou Cultural Tourism and was sentenced to apologize and compensate 36,000 yuan

Oriental Selection (HK01797, stock price HK$13.88, market value HK$14,378 million): On February 7, Dongfang Selection's official Weibo reported the progress of related cases: Recently, the Beijing Internet Court made a judgment on the online infringement case of Douyin user Cui, finding that the defendant's untrue remarks infringed on the reputation of Dongfang Selection, and required the defendant to make an apology statement at the top of the Douyin account and compensate Dongfang Selection 36,000 yuan. Oriental Selection said that on June 22, 2024, at the invitation of the Guizhou Provincial Department of Commerce, Oriental Selection went to Guizhou to carry out the live broadcast activity of "Oriental Selection • Guizhou Tour". Subsequently, the defendant used accounts such as "Sister Dongpo" and "The Little Prince's Forty-four Sunsets" to fabricate and publish a number of rumors against Dongfang Selection, saying that "Dongfang Selection charged up to seven figures to the Guizhou Provincial Government Department for the live broadcast of cultural tourism", and falsely claimed that "there are relevant communication recordings" and other evidence, misleading a large number of netizens.

Comments: This judgment has a certain exemplary effect on combating online infringement, and also reflects the determination and efforts of enterprises to protect their own rights and interests.

NO.8 Jiyue Automobile: 61 users have completed the car purchase deposit and full payment of the car purchase price

Jiyue Automobile: On February 7, Jiyue Automobile's official Weibo announced the refund of the deposit and the installation progress of the charging pile. As of February 6, Jiyue has completed the payment of car purchase deposits and full purchase prices for 61 users. Jiyue said that since the information collection, review, confirmation and payment operation of each payment in the refund process need to be completed manually, this process requires a certain amount of time and manpower, so please be patient. In addition, in accordance with the order of submitting the application for charging piles, Jiyue has coordinated the installation of charging piles for the first batch of 100 car owners, and has informed relevant users of the installation of charging piles by telephone before the Spring Festival.

Comments: The company disclosed the progress of related work in a timely manner, indicating that the company is actively promoting sales and service.

NO.9 Guotai Junan, the resumption time is set!

Guotai Junan (SH601211, share price 17.78 yuan, market value 158.3 billion yuan): On the evening of February 7, Guotai Junan announced that the company's A-share shares will resume trading from the opening of the market on February 10, 2025. At the same time, Haitong Securities also announced that the company had submitted an application to the Shanghai Stock Exchange on February 7, 2025 for the voluntary termination of the listing of the company's A-share shares. Guotai Junan said that the equity registration date for the implementation of the acquisition request of A-share dissenting shareholders is February 5, and the declaration period is from 9:00 to 15:00 on February 6. During the reporting period of the acquisition request, no dissenting shareholders of A shares declared the exercise of the acquisition request.

Comments: Guotai Junan is about to resume trading, marking the company's official resumption of normal operations, which has a positive impact on the company's business development.

NO.10 Yang Dexing was approved as the president of UBS (China) Co., Ltd

ON FEBRUARY 7, THE BEIJING FINANCIAL REGULATORY BUREAU ISSUED AN APPROVAL ON ITS WEBSITE, APPROVING THE QUALIFICATIONS OF YEUNG, TAK HANG, THE PRESIDENT OF SWISSBANK (CHINA) CO., LTD. The bank shall require the above-mentioned approved personnel to strictly abide by the relevant regulatory provisions of the State Administration of Financial Regulation, take up their posts within 3 months from the date of making this administrative licensing decision, and report their appointments in a timely manner as required. If you fail to take office within the above-mentioned time limit, this approval document will become invalid, and the decision-making organ shall go through the administrative license cancellation procedures.

Comment: This could have an impact on UBS's business development in China.

Data is as of 5 a.m. Beijing time

Disclaimer: The content and data of the article are for reference only and do not constitute investment advice. Investors act accordingly at their own risk.

Reporter Fan Qianqian, editors He Xiaotao, Zhang Xiwei, Wang Xiaobo, Yi Qijiang

Proofreading Liu Xiaoying

|National Business Daily nbdnews Original article|

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