Breakfast | This week, Alibaba, NetEase, Baidu, and other Chinese concept internet companies will release their financial reports, and the Federal Reserve will announce the meeting minutes

Good morning! A beautiful day starts with making money.

Today, the US stock market is closed for Presidents' Day.

Important Events and Data Forecast for This Week - Federal Reserve to Release Meeting Minutes, Chinese Internet Giants to Announce Earnings

Monday: Federal Reserve Governor Bowman, Federal Reserve's Harker, and others will speak.

Tuesday: US February New York Fed Manufacturing Index; US February NAHB Housing Market Index; China's central bank has CNY 500 billion in 1-year Medium-term Lending Facility (MLF) and CNY 33 billion in 7-day reverse repos maturing; Reserve Bank of Australia to announce interest rate decision, Federal Reserve's Daly and others will speak. Baidu and iQIYI will release earnings.

Wednesday: US January Housing Starts Total Year; January Building Permits Total; Apple Inc. will hold a new product launch event, and Bank of Japan Policy Board member Takeda will speak. Occidental Petroleum will release earnings.

Thursday: China's 1-year and 5-year Loan Prime Rate; US Initial Jobless Claims for the week; US February Philadelphia Fed Manufacturing Index. The Federal Reserve will release the January monetary policy meeting minutes; Federal Reserve's Goolsbee and others will speak; NetEase, Alibaba, Lenovo Group, Bilibili, Rivian, and others will release earnings.

Friday: US February S&P Global Manufacturing and Services PMI Preliminary; US February University of Michigan Consumer Sentiment Index Final, February 1-Year Inflation Expectations Final, January Existing Home Sales Total Annualized; Hang Seng Index Company will announce the results of the Hang Seng Index Series Review for Q4 2024; Federal Reserve's Musalem and others will speak. Standard Chartered Group and Vipshop will release earnings.

Microsoft's Open Source Innovation Framework: Transforming DeepSeek into an AI Agent

Microsoft has released the latest version V2.0 of the OmniParser visual agent parsing framework on its official website, which can transform models like DeepSeek-R1, GPT-4o, Qwen-2.5VL into AI agents usable on computers. Compared to version V1, V2 has higher accuracy in detecting smaller interactive UI elements, faster inference speed, and a 60% reduction in latency.

Baidu Search Announces Full Integration of DeepSeek and Wenxin Large Model Deep Search Functionality

Search users can use the DeepSeek and Wenxin large model deep search functions for free, and developers on the Wenxin intelligent agent platform will also be able to call the DeepSeek model to create and fine-tune agents at any time.

Tencent Responds to WeChat's Integration of DeepSeek: Currently in Gray Testing

WeChat Search is officially gray testing the integration of DeepSeek while enriching AI search with the Hunyuan large model. Users within the gray testing range can see the "AI Search" label at the top of the dialogue box search entry, and after clicking in, they can use the DeepSeek-R1 full version model for free, gaining a more diversified search experience.

Guangzhou and Shenzhen Government Systems Integrate DeepSeek

Musk: Grok 3 will be released at 8 PM Pacific Time on Monday, with a live demonstration to follow

Tesla Internally Concerned that Musk's Political Involvement Could Harm the Company; Reports Indicate Executives Suggest "He Should Resign"

At a recent employee meeting held by a certain department of Tesla, employees and senior management openly expressed concerns about Elon Musk, believing he is harming the company and its sustainability mission. Two Tesla employees stated that dissatisfaction with Musk is growing throughout the company.

Buffett and Duan Yongping Increase Holdings in Occidental Petroleum and Heavily Invest in Apple in Q4

In the fourth quarter of 2024, "Oracle of Omaha" Buffett increased his holdings in Occidental Petroleum. Duan Yongping increased his stakes in Pinduoduo, Occidental Petroleum, and Alibaba. Apple remains the top holding for both.

TSMC and Broadcom Explore Acquisition of Intel's Business Segments

White House officials responded that Trump may not support TSMC's takeover of Intel's factories in the U.S. Previously, The Wall Street Journal reported that Broadcom has been closely monitoring Intel's chip design and marketing business and has informally discussed bidding with advisors. TSMC is studying the possibility of controlling part or all of Intel's chip factories, potentially as part of an investor consortium or other structure. Broadcom and TSMC are not collaborating.

CITIC Securities Strategy Analyst Chen Guo: The Current Tech Rally is Expected to Have Room for Further Development

Currently, domestic demand is starting off steadily, external demand disturbances are limited, and factors such as a clear growth stabilization direction, real estate gradually emerging from a demand freeze, and policies promoting incremental capital entering the market support the mid-term market's continued upward trend. The recent gains in the tech sector have been considerable, and some thematic directions show signs of overheating in short-term trading indicators. However, compared to the fundamental logic of 2023, this tech rally is expected to have room for further development, with the valuation centers and upper limits of a number of representative companies, including Hong Kong tech giants, justifiably higher than in the past two years, while specific developments within the tech mainline may experience some rotation.

The State-owned Assets Supervision and Administration Commission of the State Council of China: Continuously Improve the Quality of Central Enterprises Holding Listed Companies and Strengthen Market Value Management

Expand effective investment as a strong support for expanding domestic demand, make good use of the "two new" policies, increase "two heavy" investments, accelerate the implementation of planned projects, focus on technological attributes, technological value, and emerging fields, promote the implementation of key projects that strengthen and supplement the industrial chain, and better leverage the role of investment. Continuously improve the quality of central enterprises holding listed companies, constantly improve and strengthen market value management, support value investment, rational investment, and long-term investment, and better maintain the stability of the capital market. Leverage the advantages of central enterprises with long industrial chains and strong driving effects, continuously deepen the integrated development of the industrial chain, lead the establishment of industrial alliances, efficiently promote supply-demand matching, and drive the integrated development of upstream, midstream, and downstream, as well as large, medium, and small enterprises