【China Mobile Completes First Fully Self-Developed Domestic Lightweight 5G Private Network Pilot】According to Jin10 Data on December 26, China Mobile Research Institute announced on December 25 that it has teamed up with China Mobile Zijin (Jiangsu) Innovation Research Institute, China Mobile Bay Area (Guangdong) Innovation Research Institute, and China Mobile Jiangsu Company to tackle key technologies for lightweight 5G private networks. They have launched China Mobile's "Core" + "Lingyun" fully self-developed domestic lightweight 5G private network integrated products and completed the first pilot. In response to the long construction cycles, complex systems, and high costs of traditional industry 5G private networks, as well as the trend of domestic network equipment, China Mobile Research Institute, in collaboration with provincial specialized companies and industry partners, has developed a compact, domestically produced, and controllable end-to-end solution for 5G private networks based on China Mobile's self-developed core network and wireless products. This solution claims to significantly reduce deployment and operational costs while introducing 5G edge computing power. (Source: Jin10 Data)
【2024年12月26日银行间外汇市场人民币汇率中间价】 USD/CNY quoted at 7.1897, up (CNY depreciation) 29 points; EUR/CNY quoted at 7.5157, down 21 points; HKD/CNY quoted at 0.92572, up 4 points; GBP/CNY quoted at 9.0641, up 72 points; AUD/CNY quoted at 4.5189, up 11 points; CAD/CNY quoted at 5.0432, up 11 points; JPY/CNY quoted at 4.6138, down 23 points; CNY/RUB quoted at 13.6646, down 706 points; NZD/CNY quoted at 4.1010, up 14 points; CNY/MYR quoted at 0.61955, down 12 points;
【Huatai Securities: Optimistic about the bottom configuration value of high-quality refining companies after oil prices stabilize following a decline】Jin Ten Data, December 26th: Huatai Securities' research report states that, based on an analysis of global supply and demand, considering that the recovery of global macro demand after the US dollar's interest rate cut will take time, it is expected that the average price of Brent crude oil from 2024 to 2026 will be 80/74/75 USD/barrel respectively. With the optimization of supply amid the sluggish refining industry, we focus on the bottom configuration value of high-quality refining companies after oil prices stabilize following a decline. In the long term, under the cost impact of oil-producing countries, there is a bottom support for the oil price center, and high-dividend companies with the ability to increase production and reduce costs will have configuration opportunities. (Source: Jin Ten Data)
【Retail Investors' Favorite: Nvidia 'Sucks' Nearly $30 Billion This Year】According to the latest statistics from financial data provider Vanda Research, Nvidia has replaced Tesla as the stock with the largest net buying volume among retail investors this year. This also means that the net buying of a single stock has exceeded the S&P 500 ETF for the second consecutive year, reflecting that investors are still chasing the tech stock bull market. Compared to the traditional index fund representative, the S&P 500 ETF, Nvidia's net inflow this year has nearly doubled, reaching $29.8 billion, which is nearly nine times that of 2021. Marco Iachini, Senior Vice President at Vanda, stated, "It has been proven that Nvidia has somewhat overshadowed Tesla, as its price increase is impressive." (Source: Jinshi Data)
【Jin Ten Data Organization: December 25th European and American Market Important News Summary】 Domestic News: 1. The State Council issued (Opinions on Optimizing and Improving the Management Mechanism of Local Government Special Bonds), raising the upper limit ratio of special bond projects used as capital to 30% from 25%. 2. Japanese Foreign Minister Toshimitsu Motegi stated that the conditions for issuing tourism visas to Chinese people will be relaxed. 3. Nearly 30 companies participated, and the energy storage industry will hold a closed-door seminar to prevent cutthroat competition. 4. The Ministry of Finance released (Value-Added Tax Law of the People's Republic of China), stating that the tax rate for taxpayers selling real estate and transferring land use rights is 9%.
【Ministry of Agriculture and Rural Affairs Holds Special Report on Artificial Intelligence】Jinshi Data, December 25 - On December 23, the Ministry of Agriculture and Rural Affairs held the 88th Monthly Forum, inviting Academician He Weinan from the Chinese Academy of Sciences and Chairman of the Beijing Academy of Science and Technology to give a special report on "Building an Underlying Innovation System and Industrial Layout in the Era of Artificial Intelligence." Academician He introduced the mainstream technological framework and thinking models for the development of artificial intelligence worldwide, and pointed out that AI for Science is a brand new research paradigm. To develop a new generation of artificial intelligence, it is essential to deeply study its underlying logic, including fundamental principles, data-driven model algorithms and software, databases and knowledge bases that replace literature, and highly integrated computing power platforms. He also proposed strategies and reflections on how artificial intelligence can empower scientific research and the real economy, and how to stay at the forefront of the next round of technological innovation. (Source: Jinshi Data)
【State Council General Office: Include emerging industry infrastructure such as low-altitude economy, quantum technology, commercial aerospace, etc. in the scope of special bonds for project capital】 Jin Ten Data, December 25 - The General Office of the State Council issued (Opinions on Optimizing and Improving the Management Mechanism of Local Government Special Bonds). In terms of the scope of special bonds for project capital, a "positive list" management approach is implemented, including emerging industry infrastructure such as information technology, new materials, biological manufacturing, digital economy, low-altitude economy, quantum technology, life sciences, commercial aerospace, Beidou, as well as infrastructure for computing power equipment and auxiliary equipment, traditional infrastructure like highways and airports for safety and intelligent transformation, and health, elderly care, childcare, provincial industrial park infrastructure, etc. into the scope of special bonds for project capital (for details on industries where local government special bonds can be used as project capital, see Attachment 2). (Source: Jin Ten Data)
【Qianwei Central Kitchen: WeChat Store has activated WeChat Red Packet function】Jin10 Data reported on December 25th that Qianwei Central Kitchen announced on the interactive platform that the company's WeChat Store has activated WeChat Red Packet function. Currently, the WeChat Red Packet feature is still in the gray testing stage and has not been widely available to all users. (Source: Jin10 Data)
【Evergrande New Energy Vehicle Investment Company and others enforced 67.84 million】Jin Ten Data reported on December 25 that Tianyancha legal litigation information shows that on December 24, Evergrande New Energy Vehicle Investment Holding Group Co., Ltd. and Shanghai Yichen Power Technology Co., Ltd. had new enforcement information, with an enforcement target of over 67.84 million yuan, and the enforcing court is the Shanghai First Intermediate People's Court. Evergrande New Energy Vehicle Investment Holding Group Co., Ltd. was established in January 2019, with Liu Weisheng as the legal representative and a registered capital of 3.5 billion US dollars, jointly held by Evergrande New Energy Vehicle Holdings (Hong Kong) Co., Ltd. and Evergrande Hengchi New Energy Vehicle (Guangdong) Co., Ltd. Tianyan risk information shows that the company currently has more than 20 pieces of enforcement information, with a total enforcement amount exceeding 2.1 billion yuan. In addition, there are multiple cases of equity freezes, dishonesty enforcement (debtors), and concluded cases information. (Source: Jin Ten Data)
【Kaiwang Technology: Subsidiary Invests 1.5 Million USD to Establish Company in Vietnam】Jin Shi Data December 25 - Kaiwang Technology announced that its wholly-owned subsidiary, Kaiwang Electronics, will establish a subsidiary in Hong Kong named "Hong Kong Kaiwang Electronics Limited" with an investment amount of 78,000 HKD. At the same time, through the Hong Kong subsidiary, it will invest 1.5 million USD to establish "Vietnam Haixin Electronics Limited" in Vietnam. This external investment aims to enhance the company's international competitiveness, expand into Southeast Asia and overseas markets, respond to customer demands for overseas business, and align with the company's international development strategy. The investment funds are self-raised and are expected not to have a significant impact on the company's financial status for this year. The company will continue to monitor the progress of establishing overseas subsidiaries and fulfill its information disclosure obligations. (Source: Jin Shi Data)
A-share computing hardware stocks opened lower, with Xinke Materials and Ruiskanda hitting the limit down, while Luxiao Technology, Zhaolong Interconnect, Shenyu Co., and Huamai Technology also followed suit. (Source: Jin Shi Data)
【December 25, 2024 Interbank Foreign Exchange Market RMB Exchange Rate Central Parity】 USD/CNY reported at 7.1868, down 8 points (RMB appreciates); EUR/CNY reported at 7.5178, down 57 points; HKD/CNY reported at 0.92532, up 2.6 points; GBP/CNY reported at 9.0569, down 61 points; AUD/CNY reported at 4.5178, down 68 points; CAD/CNY reported at 5.0421, up 21 points; JPY/CNY reported at 4.6161, down 10 points; CNY/RUB reported at 13.7352, down 1326 points; NZD/CNY reported at 4.0996, down 8 points; CNY/MYR reported at 0.62075, down 0.8 points;
【CICC: Optimistic about the Investment Opportunities Brought by the Development Trend of AI Agents and Changes in the Industry Chain】Jin10 Data, December 25th - CICC's research report states that AI Agents are intelligent entities that can perceive the environment, plan autonomously, make decisions, and execute actions to achieve goals. They possess basic characteristics such as autonomy, interactivity, reactivity, and adaptability, with large language models being their core driving force. As foundational technology breakthroughs are empowered by large models, we see AI Agents gradually landing in focused verticals and collaborative application scenarios involving multiple intelligent agents. According to market.us, the global large model market size is expected to grow from $4.5 billion in 2023 to $82.1 billion by 2033, with a 10-year CAGR of 33.7%. We are optimistic about the future development trend of AI Agents and the investment opportunities brought by changes in the upstream and downstream industry chain. (Source: Jin10 Data)
【CITIC Securities: Trump’s Return to Power Marks a New Chapter for Cryptocurrency Regulation in the U.S.】 Jin Ten Data December 25 - CITIC Securities Research Report states that if Trump plans to relax regulations on the cryptocurrency industry after taking office as U.S. President in 2025, the top priority will be to clarify the regulatory responsibilities and authorities in this industry. Against this backdrop, the currently shelved '21st Century Financial Innovation and Technology Act' in the U.S. Senate is expected to receive a new impetus. With expectations of a relaxed regulatory environment in the U.S., the cryptocurrency industry chain in U.S. stocks is expected to receive a positive boost, and three directions are recommended for attention: 1) Increased trading activity in the U.S. cryptocurrency industry may benefit U.S. cryptocurrency exchanges; 2) Policy benefits for the U.S. cryptocurrency industry are expected to promote the growth of mining machine demand; 3) The development of the U.S. cryptocurrency industry may benefit the utility sector in U.S. stocks. (Source: Jin Ten Data)
【Jin Shi Data Compilation: Daily US Stock Market News Brief (December 24, Tuesday)】 1. Apple (AAPL.O) is expected to release the M4 MacBook Air in early 2025, earlier than anticipated. 2. Request for major sellers to 'choose one of two'? Amazon (AMZN.O) responds: The claim of exclusive sales is not factual. 3. AstraZeneca (AZN.O) voluntarily withdraws its application for the marketing of Dato-DXd for non-squamous NSCLC submitted in the EU. 4. TSMC (TSM.N) stocks hit a new high, up 84% this year, expected to achieve the best annual performance in 25 years. 5. Musk's xAI raises $6 billion, with industry giants like NVIDIA (NVDA.O) joining.
【Since February, Guizhou has issued 177 computing power vouchers, promoting computing power transactions exceeding 10.5 billion yuan】 Jinshi Data, December 24th, Guizhou, as one of the eight major nodes of the national integrated computing power network hub, ranks among the top in the country in terms of computing power scale. Recently, Guizhou officially released the revised "Guizhou Computing Power Voucher Management Measures" to promote the high-quality development of the computing power industry. It is understood that the "Guizhou Computing Power Voucher Management Measures" has expanded the incentive scope to include domestic computing power adaptation services and model adaptation costs within the subsidy range of the computing power voucher policy. Since February of this year, Guizhou has issued 177 computing power vouchers nationwide, promoting computing power transactions exceeding 10.5 billion yuan. (CCTV Finance) (Transferred from: Jinshi Data)
[Shanghai: Promote the development of large models such as medical big language, general image, and intelligent interaction] Jinshi Data reported on December 24 that Shanghai issued the "Shanghai Development of Medical Artificial Intelligence Work Plan (2025-2027)", which mentioned that it would accelerate the development of core algorithm technology, focus on the innovation of the "general and specialized integration" technology paradigm, and promote the development of large models such as medical big language, general image, and intelligent interaction. Relying on the public computing power platform of artificial intelligence, it will promote the interconnection of computing power among multiple parties and strengthen the construction of intelligent computing power clusters. (Reprinted from: Jinshi Data)