The Political Bureau meeting made important statements; watch BYD's earnings report to be released tonight | Today's important news review

0425 ｜ Dolphin Research Focus:

🐬 Macroeconomics/Industry

1. The Political Bureau of the Central Committee of the Communist Party of China held a meeting today to analyze and study the current economic situation and economic work. With "extraordinary counter-cyclical adjustment" as the core tone, a systematic policy combination covering macro policies, industrial upgrades, and risk prevention was deployed. The most noteworthy aspect is in monetary policy, which states, "We must accelerate the implementation of more proactive macro policies, and appropriately lower the reserve requirement ratio and interest rates." Policy dividends are gradually being realized, and today the Hong Kong and A-share markets continue to show a fluctuating pattern.

🐬 Individual Stocks

1. $BIDU-SW(09888.HK)

Baidu held the Create 2025 Baidu AI Developer Conference and launched the Wenxin large model 4.5 Turbo and Wenxin large model X1 Turbo, which feature three major characteristics: multi-modality, strong reasoning, and low cost. It also released the world's first e-commerce transaction MCP, search MCP, and other MCP servers for developers to call upon, helping developers fully embrace MCP. Today, Baidu's stock price rose nearly 4%.

2. $Tesla(TSLA.US)

The U.S. Department of Transportation stated that to accelerate the development of autonomous vehicles, it plans to exempt certain safety requirements for autonomous vehicles and relax accident reporting rules.

3. Key Focus on Earnings Report Interpretation and Conference Calls

Google:《 Google: Tariff Stick Continues to Swing, Can the Advertising King Remain Steady?》、《 Google (Minutes): It's Too Early to Set the Tone for Q2 Performance》

Intel:《 Intel: Selling Assets with One Hand, Laying Off Employees with the Other, Can Leadership Change Save It?》、《 Intel (Minutes): Full-Year Capital Expenditure Reduced from $20 Billion to $18 Billion》

BYD will announce its earnings report tonight, and Dolphin Research will track and provide interpretative analysis.

🐬 Leading Sectors

Shanghai and Shenzhen: Electric utilities, diversified capital markets, various utilities;

Hong Kong stocks: Insurance brokerage companies, tobacco, data processing, and outsourcing services;

U.S. stocks: Heavy electrical equipment, road passenger transport, and recreational products such as sports equipment.

🐬 Focus next Monday

1. Focus Media's financial report will be released.

The risk disclosure and statement of this article: Dolphin Research Disclaimer and General Disclosure