March 13th Macroeconomic Index: China's Capital Market Shows Strong Repurchase Trends, Shanghai Focuses on Industrial Innovation
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Domestic News
1. The cross-industry investment of computing power should consider their capabilities
2. Since the beginning of the year, more than 800 A-share listed companies have disclosed repurchase plans, and the total number has exceeded that of last year
3. Shanghai: It is necessary to make great efforts to cultivate and develop new quality productive forces and build a modern industrial system
4. Hong Kong Express Airlines opened a route between Daxing, Beijing and Hong Kong
International News
1. The probability that the Fed will not take any measures in March is 99%
2. Al-Arabiya TV: Hamas has accepted the "revised" ceasefire agreement in the Gaza Strip by the United States
3. U.S. stocks closed: the China concept stock index hit a new high this year, and Nvidia rose 7%
4. The United States announced an $300 million military emergency aid to Ukraine
Domestic News
1. The cross-industry investment of computing power should consider their capabilities
According to the article, it is observed that there are many listed companies that are not related to artificial intelligence and computing power are conducting "cross-industry" investment, such as main office chair companies, textile and dye companies, beverage and food companies, and alcohol sales companies, etc., have entered the investment in an attempt to get a piece of the pie. Cross-industry listed companies that invest in computing power must bear the pressure of investing large amounts of money in the early stage, and taking into account the slow realization of computing power performance and the unclear situation of downstream application fields in the early development stage. Therefore, the "cross-industry" listed companies investment in computing power needs to be considered in many aspects and do what they can.
2. Since the beginning of the year, more than 800 A-share listed companies have disclosed repurchase plans, and the total number has exceeded that of last year
Since 2024, more than 800 A-share listed companies have disclosed repurchase plans, exceeding the number of 716 in 2023, with a maximum repurchase amount of 90 billion yuan. With the continuous improvement of the capital market system and the change of the concept of managers and listed companies, the repurchase behavior of the A-share market is becoming standardized and long-term. Some industry experts believe that the enthusiasm for share repurchase of A-share companies continues to rise, reflecting not only the prominent market value and changes in management and supervision concepts, but also is inseparable from the increasing number of high-quality listed companies in the A-share market. These obvious changes reflect the new trend of high-quality development of China's capital market.
3. Shanghai: It is necessary to make great efforts to cultivate and develop new quality productive forces and build a modern industrial system
The Standing Committee of the Shanghai Municipal CPC Committee held an enlarged meeting this morning (12 March) to convey and study the spirit of the two sessions. The meeting pointed out that it is necessary to make great efforts to cultivate and develop new quality productive forces, make good use of Shanghai's resource endowment, industrial foundation, and scientific research conditions, accelerate scientific and technological innovation, build a modern industrial system, and create a high-level talent highland. We will make great efforts to deepen high-level reform and opening up, give full play to the overall role of the construction of the "five centers", promote the cross-regional coordination and connection of the Yangtze River Delta, establish and make good use of major platform carriers such as the Pudong Leading Zone, the Pilot Free Trade Zone, the Lingang New Area, and the Oriental Hub International Business Cooperation Zone, strengthen the integration of reform systems, and accelerate the formation of internationally competitive policies and institutional systems. We will spare no efforts in promoting the sustained recovery of the economy and maintain the smooth operation of key industries such as industry, commerce, finance, and real estate.
4. Hong Kong Express Airlines opened a route between Daxing, Beijing and Hong Kong
On March 12, the Daxing, Beijing and Hong Kong routes operated by Hong Kong Express Airlines were officially launched. The opening of this route will provide more routes options for passengers between Beijing and Hong Kong, and will also add more links to the exchanges between Beijing-Tianjin-Hebei and the Guangdong-Hong Kong-Macao Greater Bay Area. (CCTV News)
International News
1. The probability that the Fed will not take any measures in March is 99%
According to CME's "Fed Watch": the probability of the Fed that keep interest rates unchanged in the range of 5.25%-5.50% in March is 99.0%, and the probability of cutting interest rates by 25 basis points is 1.0%. The probability of keeping interest rates unchanged by May is 86.1%, the probability of a cumulative 25 basis point rate cut is 13.7%, and the probability of a cumulative rate cut of 50 basis points is 0.1%.
2. Al-Arabiya TV: Hamas has accepted the "revised" ceasefire agreement in the Gaza Strip by the United States
Al-Arabiya TV quoted a senior Hamas official on the 12th local time as saying that Hamas has accepted the "revised" version of the ceasefire agreement in the Gaza Strip by the United States. The Hamas delegation will travel to Cairo, the capital of Egypt, in the coming days to discuss the details of the final implementation of the ceasefire agreement. The ceasefire agreement proposed by the US side included a 6-week temporary ceasefire, the release of about 40 detainees by Hamas in Gaza, and the release of about 400 Palestinians held by Israel. At the same time, Israel has allowed more humanitarian aid to enter Gaza.
3. U.S. stocks closed: the China concept stock index hit a new high this year, and Nvidia rose 7%
U. S. stocks closed on Tuesday, with the Dow Jones Index initially closing up 235 points or 0.6% rising, the S&P 500 up 1.1%, the Nasdaq up 1.5%. Nvidia (NVDA. O) closed up 7.1%, while TSMC (TSM. N) rose 3.8%, and Oracle (ORCL. N) rose more than 11%. The Nasdaq China Golden Dragon Index closed up nearly 4%, refreshing a new high this year. N) rose nearly 11%, Li Auto (LI.O) rose nearly 9%, and Alibaba (BABA. N) rose 1.5%.+
4. The United States announced an $300 million military emergency aid to Ukraine
On March 11, local time, US National Security Advisor Jake Sullivan announced at a briefing that the United States would urgently provide Ukraine with $300 million military assistance. According to CNN and the Associated Press, the U.S. Department of Defense has provided Ukraine with the latest aid, including artillery shells, anti-aircraft missiles, anti-armor systems and so on, despite being severely overdrawn. U.S. Defense Department officials said this is not a sustainable solution to provide Ukraine with much-needed weapons, and the United States still needs Congress to pass a bill to provide additional military assistance.
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