24-hour news update Page 11

The three major U.S. stock indexes all fell at the opening, with the Dow Jones falling 0.36%, the S&P 500 falling 0.75%, and the Nasdaq Composite falling 1.16%.

The Chicago Board Options Exchange Volatility Index (VIX), known as the "fear index", once hit 22.50, which was still around 17 at the beginning of last week's trading.

Large technology stocks generally opened lower, with Tesla falling more than 3%, Google falling more than 2%, Microsoft and Nvidia falling more than 1.4%, Apple rising 1.17%, and Amazon falling 1.31%. As of the last trading day, all seven technology giants have fallen across the board this year, and the index of the seven technology giants has fallen by 7.2% during the year.

TSMC's stock price fell 1.9%; Broadcom's stock price fell 1.4%; Oracle's stock price fell 3.26%; Micron Technology's stock price fell 3.1%.

U.S. gold concept stocks fell, with Harmony Gold falling 6%, Goldfields falling 4.6%, and Pan American Silver falling 4.4%.

PARAMOUNT SKYDANCE shares rose 9% as talks with Warner Bros. Discovery resumed.

China's Golden Dragon Index rose 0.05% to 7,595.70 points.

Chinese concept stocks rose against the trend, with Century Internet rising more than 3%, Weilai, Vipshop, and Pinduoduo rising more than 1%; Kingsoft Cloud falling more than 2%.

Hesai’s U.S. stocks rose more than 7% in early trading. As of press time, it rose 4.08%. Both Yushu's humanoid robots in the Year of the Horse Spring Festival Gala are equipped with Hesai JT128 lidar.

In terms of precious metals, gold and silver both fell. Spot gold once fell below $4,850, and spot silver also fell below $72, a new low since February 6. As of press time, spot gold fell by 2.64% and spot silver fell by 5.5%.

In terms of oil prices, WTI crude oil fell 1.76% to US$62.61/barrel; Brent crude oil fell 1.6% to US$67.55/barrel.

In terms of cryptocurrencies, Bitcoin fell below $67,000, down 2.9% on the day. As of 22:33, nearly 77,000 people in the global market have been liquidated.

On the news, on the 17th local time, Iranian Foreign Minister Araghchi said that the current round of Iran-US Geneva negotiations had serious discussions and the atmosphere was more constructive. The two sides were able to reach an overall consensus on a set of guiding principles and continue to advance the text of a potential agreement accordingly. The two sides still have some issues that require further negotiation and may lead to an agreement.

The order of the years is renewed, and the horse sets off. On the occasion of the 2026 New Year of the Horse, I would like to extend my sincere New Year greetings to all investors and friends, and wish you all good luck in the Year of the Horse, prosperous careers, and smooth investment!

The New Year contains new changes and opportunities. The impact of the current external environment is deepening, the growth momentum of the world economy is diverging, trade barriers are increasing, and there are uncertainties in inflation trends and monetary policy adjustments in major economies. The challenges of unstable overseas geopolitical environments and weak domestic supply and demand require us to respond actively and steadily.

Looking forward to 2026, my country will demonstrate its solid foundation and strong potential in the complex landscape of the global economy, give full play to the integrated effect of existing and incremental policies, increase counter-cyclical and inter-cyclical adjustments, improve the efficiency of macroeconomic governance, fully empower high-quality development with technological innovation, accelerate the conversion of old and new driving forces, and continue to deepen reform and opening up. On this basis, my country's economy is expected to achieve reasonable quantitative growth and effective qualitative improvement, providing investors with abundant opportunities.

In terms of expanding domestic demand, we expect that the endogenous potential of the economy will be fully released in the first year of the "15th Five-Year Plan", proactive fiscal policies will improve quality and efficiency, moderately loose monetary policies will maintain sufficient liquidity, industrial policies will develop new productive forces in accordance with local conditions, and promote the optimization of supply and the expansion of demand to promote each other, and other policies will also work at the same time. In 2025, commercial housing sales will be close to the long-term equilibrium level. In 2026, real estate will accelerate the construction of a new development model. The marginal impact of development investment on the economy will gradually decrease. Real estate-related financial risks will be effectively resolved, creating new hope for the recovery of the economic cycle. Promoting consumption upgrading through service consumption will become the key to expanding domestic demand. Implementing plans to increase the income of urban and rural residents and developing service trade will also open up new horizons for consumption. We predict that in 2026, the economy will achieve stable production, excellent structure, resilient external demand, and expanding domestic demand. The PPI decline is expected to narrow significantly. The consumption of core goods and services will support the stable CPI. The overall price will rebound reasonably. The nominal GDP growth rate is expected to rise to around 4.5%, laying a solid foundation for the development of the capital market.

In terms of building a modern industrial system, scientific and technological innovation will continue to give full play to its strategic supporting role in China's modernization drive. As breakthroughs in hard technology are made from point to point, new technologies, new products, and new scenarios continue to emerge, and the accelerated integration of the innovation chain, industrial chain, and talent chain will create greater market space. The country implements a new round of high-quality development actions for key industrial chains to strengthen the role of enterprises as the main innovation body, deepen the expansion of "artificial intelligence +", and enhance total factor productivity with technological empowerment. As an important part of the modern industrial system, the service industry will be deeply integrated with the manufacturing industry to promote the flow of resource factors and inject new impetus into economic growth and employment security. Driven by a high level of opening up, my country's service industry will also provide more and better Chinese services to the world.

In terms of major asset allocation strategies, bond investment pays attention to the signals of money market liquidity, participates in interest rate bonds with a range-bound approach, and strengthens the use of derivatives strategies. The short-term allocation value of credit bonds is relatively good, but you need to be wary of the risks of long-term credit bonds; equity investment grasps the industrial boom, profit restoration and reasonable valuation under the long-term bull and slow-bull pattern, explores the value of high-quality listed companies, and seizes the two main lines of technological growth and expanding domestic demand.

With bond interest rates falling and stock market indexes recovering, it becomes more difficult to achieve steady wealth appreciation through a single asset and a single strategy. Pengyang Fund deeply grasps the goal of finance for the people, practices the value of customer first and the purpose of professional and stable business operations, builds a platform-based, industrialized, and team-based investment research system, builds four major business lines of active fixed income, active equity, index quantification, and multi-asset, and lays out a product matrix along the risk-return curve. We will continue to improve the absolute return investment capabilities of active fixed income, the in-depth industry research and value discovery capabilities of active equity, the investment collaboration capabilities of multi-asset and multi-strategies, and the innovation capabilities of index quantitative investment. We will effectively give full play to the function of public funds as social wealth managers, serve the needs of the real economy, support the entry of medium and long-term funds into the market, and enhance investors’ sense of gain.

Spring opens a new chapter, and the horse travels far. In the face of the complex and ever-changing market environment, we hope that we will continue to move forward like a horse, discern opportunities with keen eyes, and plan for the future with a steady heart. I sincerely wish China’s capital market to ride on the momentum in the Year of the Horse, anchor the construction of a financial power, and seize the opportunity to deepen reform; I wish China’s economy to make rapid and steady progress, and continue to write new brilliance on the road of high-quality development; I wish all investors and friends a healthy new year, happiness to their families, and everything goes well, to embark on a new journey in the Year of the Horse, and to draw a new blueprint for investment!

About the author

Mr. Yang Aibin graduated from Fudan University in 1998 with a major in international finance and a master's degree in economics. He is currently the general manager of Pengyang Fund Management Co., Ltd. He started investing in bonds in 1999. He was one of the first practitioners of the inter-bank bond market. He served as a member of the first bond market committee of the China Inter-bank Dealers Association and witnessed the leap in the size of my country's bond market from 200 billion to 200 trillion. He once worked for Shanghai Pudong Development Bank, Ping An Insurance, and China Asset Management. Founded Pengyang Fund in 2016. In 2018, he was awarded the "Best Fund Manager of the 20th Anniversary of China's Fund Industry" by China Fund News.

Move forward bravely and create a better future together

——General Secretary Xi Jinping’s speech at the 2026 Spring Festival group visit gathered strength and inspired people to move forward

The years are changing, and the horses are welcoming the spring.

The Central Committee of the Communist Party of China and the State Council held a 2026 Spring Festival group meeting at the Great Hall of the People on February 14. General Secretary Xi Jinping delivered a speech, on behalf of the Central Committee of the Party and the State Council, to people of all ethnic groups across the country, to compatriots in the Hong Kong Special Administrative Region, Macao Special Administrative Region, Taiwan compatriots and overseas Chinese.

The warm and powerful speech was inspiring and inspiring, gathering the majestic power of the whole party and the people of all ethnic groups to embark on a new journey, and inspiring the enthusiasm and confidence to work together to write a better future.

Forge ahead and bear fruit

The first day of the Spring Festival holiday is still a day of racing against time for Guangxi Beibu Gulf Port, which handles huge amounts of foreign exchange.

"The harvest in the past year has been heavy, and this is the result of the joint efforts of the whole party and people of all ethnic groups." These words of General Secretary Xi Jinping made Hu Huaping, chairman of Guangxi Beibu Gulf Port Group, feel the same way: "2025 is the year when our country's main goals and tasks for economic and social development throughout the year are successfully completed and the '14th Five-Year Plan' is successfully concluded. It is also a year when the construction of the Beibu Gulf international gateway port takes solid steps. The grand blueprint of the national strategy is being transformed into a real picture of port development."

Bidding farewell to the old and welcoming the new, there are many things to look forward to. At Harbin Ice and Snow World, the number of tourists continues to grow, and laughter comes one after another.

After carefully studying General Secretary Xi Jinping's speech, Sun Zemin, deputy director of the Marketing Department of Ice and Snow World, was deeply moved by "my country's economy is moving forward under pressure and developing in a new and better direction": "In recent years, 'cold resources' have continued to transform into a 'hot engine' for cultural and tourism consumption, and the ice and snow industry has become a new growth point. We truly feel the surging vitality and inherent resilience of the Chinese economy."

During the Spring Festival holiday, Jiangxi Jinggangshan Revolution Museum ushered in a boom in visitors.

"General Secretary Xi Jinping once again emphasized that 'unswervingly promote comprehensive and strict governance of the party', and we have deeper thoughts on how to give full play to the educational function of the museum in the new era." Huang Junfeng, the museum's commentator, said, "We must continue to integrate stories of integrity culture and stories of strict governance of the party into the museum's explanations, giving red culture a new era connotation and making revolutionary traditional education more contagious."

The blue sky at Sanjiangyuan is as clear as water. Around the Spring Festival, it is a critical period for forest and grassland fire prevention. Qiu Duojie, a 29-year-old forest ranger in Yuegai Town, Qumalai County, Yushu Tibetan Autonomous Prefecture, Qinghai Province, rushed to the front line of patrol without relaxing at all.

"The General Secretary attaches great importance to the construction of ecological civilization." After studying General Secretary Xi Jinping's speech, Qiu Duojie feels deeply that he has a heavy responsibility on his shoulders. "In recent years, the grass has become greener, the water has become clearer, and there are more and more wild animals. The function of the 'Chinese Water Tower' has continued to steadily improve. We must do a good job in patrolling and make our hometown more beautiful."

The year of China, the year of the world, every year is better than the year before.

The red lanterns are hung high in the Ancient Culture Street, the Yangliuqing woodblock New Year paintings are a unique experience, and the Guangdong Guild Hall has a lot of good shows… During the Spring Festival holiday, the streets and alleys of Tianjin are full of New Year's flavor, and many foreign faces are passing through.

Yu Pengzhou, director of the Tianjin Municipal Culture and Tourism Bureau, recalled the grand occasion of the SCO Tianjin Summit where foreign guests gathered in Tianjin. He still remembered it freshly: "Following the right path, there are many people walking with it. In the process of constantly opening its mind to embrace the world, the world sees a confident and open China that is moving firmly towards a better future of building a community with a shared future for mankind!"

Striving for development with full energy

Liu Jian, a Meituan rider from Henan who has been working hard in Beijing for 9 years, was invited to attend the Spring Festival group visit.

"This time I can come to the Great Hall of the People, I feel the warmth of home, and my heart is full of gratitude. In the new year, I will lead the riders around me, keep in mind the general secretary's instructions, deliver every order well, serve every customer well, and let our newly employed group make greater contributions to the happiness of the people." Liu Jian said.

As the spirit of the new year gets stronger, from cities to villages, there are still people holding on and others running around.

In Jiaxing, Zhejiang, the Red Boat Communist Party Member Service Team of the State Grid Jiaxing Power Supply Company has entered an intense Spring Festival duty to ensure the public's access to electricity around the clock. After studying General Secretary Xi Jinping's speech, Jiang Xin, a member of the service team, deeply felt the great responsibility: "The General Secretary's holiday greetings make our frontline workers feel warmer. This year is the 105th anniversary of the founding of the Communist Party of China. We must inherit and carry forward the Red Boat spirit, never forget our original aspirations, keep our mission in mind, and be the 'guardians' of people's happiness and urban stability."

In Pingtang, Guizhou, the "China Sky Eye" operates as usual during the Spring Festival. Jiang Peng, deputy director of the National Astronomical Observatory of the Chinese Academy of Sciences, stared closely at the instrument in front of him and recorded the whispers in the depths of the universe.

"2026 is the first year of the 15th Five-Year Plan. General Secretary Xi Jinping emphasized the conscientious implementation of the deployment of the Fourth Plenary Session of the Central Committee of the Communist Party of China, pointing out the way forward for us." Jiang Peng said, "Faced with fierce competition in the field of radio astronomy internationally, we must strengthen original innovation and key core technology research, and show new achievements in accelerating high-level scientific and technological self-reliance."

In the Xiuyuan Community in Hongkou District, Shanghai, a series of festive cultural and sports activities entertain and educate residents, stimulating residents' enthusiasm for participating in grassroots governance.

Li Qian, secretary of the Party branch of Xiuyuan Residential Area, Liangcheng Xincun Street, witnessed the changes brought about by party building in grassroots governance in recent years: "General Secretary Xi Jinping pointed out that 'focus on ensuring and improving people's livelihood, and the overall social situation remains stable', which makes me feel that my work is valuable. My colleagues and I will continue to do a good job in people's livelihood and strive to exchange 'dedication and happiness' for residents' 'safety and happiness'."

In the northwest of the motherland, the Changcheng Garden Community in Jinfeng District, Yinchuan, Ningxia is decorated with lights and colorful food. This is a large community where many ethnic groups live together. Grassroots party organizations promote people of all ethnic groups to become one family through cultural and recreational activities and optimizing convenient and beneficial services.

"'Our party is born for the people and prospers because of the people', what the general secretary said is really good. Happiness is the result of struggle. We must unite more closely around the Party Central Committee, hug together like pomegranate seeds, and forge ahead together to create a better life." said Su Fang, a Hui resident of the Great Wall Garden Community.

On the eve of the Spring Festival, more than 100 acres of mugwort in the planting base of Siyi Village, Jiayu County, Hubei Province are in the harvest season. The villagers are busy among the greenhouses, delivering fresh vegetables to thousands of households.

Deng Zhiping, secretary of the village party committee, said: "From the beginning of the year to the end of the year, we worked together for dreams and happiness, and the villagers felt that they were very motivated. We will keep in mind the general secretary's instructions to 'always adhere to the people's supremacy', implement the spirit of the Central Committee's No. 1 document, make rural specialty industries a happy industry, and help more people get rich and increase their income."

Firm confidence and start a new chapter

The lanterns in Chang'an are like a sea, and the horses are galloping to celebrate the coming of spring. As night falls, the "horse" themed lanterns on Xi'an's city wall shine brightly.

Looking at the smiling faces of tourists, Ma Jinjiang, a staff member of Xi'an City Wall Scenic Area, is full of confidence in the New Year: "General Secretary Xi Jinping said that in Chinese culture, horses are a symbol of strength and self-improvement, indicating a steady and prosperous future. Just like this horse lantern group, we must use the spirit of 'one horse leads the way' to tell the story of Xi'an into the hearts of more people."

At the pilot base of Xiongan Science and Technology Innovation Center, machines roared in the workshop and technicians were busy running around. "Xiong'an High-tech Zone has recently been upgraded to a national high-tech zone, injecting new impetus into our transformation of scientific and technological achievements." Yang Yunjie, head of base operations, said that he will keep in mind General Secretary Xi Jinping's instructions, focus on strengthening scientific and technological innovation capabilities, and strive to create an innovation highland and entrepreneurial hot spot in the new era.

Chasing dreams and a new journey, striving to welcome the new year.

"As long as we maintain strategic focus, move forward step by step, and advance step by step, the cause of the party and the country will continue to accumulate small victories into big victories, and our goals will be achieved." General Secretary Xi Jinping's warm and cordial speech inspired every striver.

Shi Lei, chairman of Jiangsu Nantong Tongfu Microelectronics Co., Ltd., said: "Facing the '15th Five-Year Plan', we will continue to catch up with the world's advanced level by optimizing production capacity layout, breaking through key technologies, and demonstrating the responsibility of private enterprises in accelerating the cultivation of new productivity."

After listening to General Secretary Xi Jinping’s speech, Zhang Kairan, director of the Party and Mass Service Center of Gaoyang Town, Xiaoyi City, Shanxi Province, clarified the next step of the work goal: "Gaoyang Town once faced the problem of transforming and developing a resource-based economy. We must persist in making political achievements for the people, achieve political achievements through hard work, actively implement the national carbon emission reduction goals, develop new productive forces according to local conditions, and strive to promote high-quality development."

On the China-Laos Railway, the passenger flow during Spring Festival remains high. "Post-95" Huang Yunhai came here after graduating from university and became a line worker. He will be on duty during the Spring Festival this year and said that he will stand at each post with a high sense of responsibility and mission, implement General Secretary Xi Jinping's instructions to "firm confidence in victory and maintain high morale" with practical actions, show the spirit of the youth of the new era in ordinary posts, and gallop bravely with the power of youth.

The majority of cadres and the masses unanimously stated that in the Year of the Horse, they will inspire the spirit of the dragon and horse, show the courage of the leaping horse and whip, maintain non-stop energy, and strive to write a new chapter in building a strong country and rejuvenating the nation on the new journey of Chinese-style modernization.

(Xinhua News Agency, Beijing, February 15th, Xinhua News Agency reporter)

"Guangming Daily" (Page 01, February 17, 2026)

A new journey has begun in the Year of the Horse, and the festive season has arrived. Zhanlu wishes you every opportunity, a smooth road, and immediate success! In the new year, Zhanlu will evolve with you~

As we welcome the new year, the best blessing is "Congratulations on getting rich, and your wealth will grow steadily."

Everyone wants to master a method to make sure profits without losing money, but the more important question is: when investing, do you rely on intuition or methods?

James Simons, the "spiritual mentor" of DeepSeek founder Liang Wenfeng and the "father of quantitative investment" whose performance far exceeds that of Buffett and Dalio, believes that he can definitely model the market!

Real winners never try to change the market, but build models, find patterns, and conquer the market with a stable anti-risk system.

Zhanlu invited Mr. Zhu Ang, the founder of Dianshi Investment and the translator of "The Man Who Conquered the Market", as the reading officer of Novelty CLUB to read this book "The Man Who Conquered the Market" for you. Stay tuned! Click to join:

Mr. Zhu Ang is deeply involved in the field of financial investment, focusing on in-depth research on financial markets for a long time, and is good at extracting the most essential investment logic from complex market fluctuations. As the translator of this book, he is also the interpreter who can best "face the source".

At Novelty CLUB, Teacher Zhu Ang will share with you the wisdom of wealth and philosophy of life through Simons’ story:

How did Simons construct a "model that makes money while sleeping": going through cycles and making making money an automated process?

How to quit "emotional decision-making": Why admitting that you can't control yourself is the first step to becoming rich?

How to seize the "certain chance of winning": In a chaotic environment, how do ordinary people find the switch that is sure to win but not lose?

Today, we are the first to "spoiler" the exciting content of "The Man Who Conquered the Market" by Mr. Zhu Ang. In the new year, let’s replace the old money-making thinking and win steadily in this uncertain world!

Click on the poster to join the Novelty CLUB

(The following content is excerpted from "The Man Who Conquered the Market" read by Novelty Club·Ju Ang)

Kahneman from the University of Psychology once said that the human brain has two systems, System 1 for fast decision-making and System 2 for slow thinking. Simons' investment secret is to take advantage of human nature and the quick decision-making of System 1.

We will find that many people are very rational in some trivial decisions. Where to go for a meal, shop around. Recently, a new chain grilled fish restaurant from Chengdu opened in Shanghai. Because of its high cost performance, there were actually many people queuing up at three o'clock in the middle of the night. But an investment of tens of thousands, hundreds of thousands, or millions is done very hastily. It is usually bought based on what others say or on impulse.

In the past year 2025, it was a structural bull market that had not been seen for a long time in the A-share market. However, in 2025, 80% of investors lost money. This number is shocking, but worth pondering. If these investors knew that the opponents sitting opposite them were supercomputers, would they end up trading stocks on their own?

Quantitative investment is essentially an experiment against humanity. Behind quantification is the capture of behavioral finance. Quantification believes that history will repeat itself in the future. So what kind of history can be repeated? This is naturally human nature, our animal nature.

When time enters the AI ​​era, the quantitative investment started by Simons may reach a new level. The founder of Deepseek wrote in the recommendation preface that, like many new technologies, quantitative investment was also the object of ridicule when it first appeared. Simmons made many early attempts, but they were not very successful, but he did not give up. He believed that time was on his side.

In a sense, Buffett and Simons are both friends of time. Buffett believes in the compound interest effect of value created by outstanding companies and believes that the economy will continue to grow. In the process, great companies grow at a faster rate. Therefore, Simmons believes in the development of technology. Today, computers have made the impossible future world possible.

In Simons’ Conquering the Market book club, we will learn together:

Simmons started investing around the age of 40. The 40-year-old Simmons is far inferior to Edward Thorpe, who became famous very early back then. But today, Simons's achievements are far higher than Thorp, and higher than most of the pioneers of quantitative investment.

In this book club, Simmons will give us all an inspiration: What matters in life is not the beginning, but the ending. We will also think deeply about the "long-termism" in Simons' thought and how to ride through cyclical fluctuations and establish a long-term and effective anti-risk system.

Liang Wenfeng said in the preface to "The Man Who Conquered the Market", "Whenever I encounter difficulties at work, I will think of Simons's words: There must be a way to model prices."

From Simons’ quantitative empire to Liang Wenfeng’s DeepSeek miracle, we seem to be talking about wealth, but in fact, we ultimately point to the same ability: how to extract effective signals from the chaotic noise?

Simmons spent his life proving that only by getting rid of the interference of intuition can we see the truth of the market clearly. Reading "The Man Who Conquered the Market" together is to acquire this insight into seeing the essence through phenomena.

Novelty CLUB is precisely to build such a stable system for you to go through cycles. Don’t follow the trend, don’t work blindly, and use the smallest leverage to leverage the largest range of compound interest.

In this upcoming cyclical fluctuation, let you overcome "human weakness" and win more easily.

Click on the poster to join the Novelty CLUB

This is not a simple membership, this is your portable "external brain". Join CLUB and you will gain full-dimensional empowerment of “knowledge, action, things, and connections”. Novelty CLUB's "Knowledge·Action·Thing·Connection" is a learning system that continues to evolve and remain present:

[Knowledge] Seeing through the skeleton: Novelty Reading Club. It's not just about reading, but it takes you to dismantle books and build mental models like surgery.

【OK】Build muscle: evolution camp and master class. Turn "know" into "do" and evolve in real decision-making scenarios.

【Object】Equipment bag: exclusive database. This is your private arsenal, where you can call upon Zhanlu’s 20 years of knowledge reserves at any time.

[Union] Find an alliance: Priority entry. You have First Pass for future master classes and closed-door meetings. You will no longer be alone, but running side by side with high-quality fellow travelers.

Here you can:

·Reading sessions with translators

·Expert reading + evolution camp facilitates face-to-face interaction with authors

·Community carries out high-quality co-creation

·Master class & workshop practice…

This year, we will provide you with a continuous, systematic thinking training with peer feedback through book clubs (with live conversations), master classes & workshops, evolution camps, communities, etc.

️Novelty CLUB lineup – tutors and reading lists

On March 21st, we also won a rare opportunity – teacher Ma Zhaoyuan will hold an offline master class in Beijing, communicate with you face to face, and deduce "the logic of the world" on the spot.

What do we talk about? Let’s talk about the core issue that is also fundamental and related to your future competitiveness: mastering the underlying code of learning and growth.

Only 50 seats are available. In-depth discussions behind closed doors, no recording, no reproduction.

The world is changing dramatically, and the only certainty comes from the depth of your knowledge.

Only 50 rare seats available! Only one chance

️You can place an order for a master class by selecting [Single Learning] in the purchase option

You can also choose [Master Class + Novelty Point CLUB Membership], which is directly discounted by 400~

Planning for this issue: haoze

Looking back on the past year, despite the challenges in the macro environment, Lenovo Ventures has bucked the trend with clear strategic determination. In 2025, we will have more than 40 new investment companies throughout the year, and nearly a hundred invested companies will receive a new round of financing. The total number of investments will reach more than 60, 80% of which will be invested in fields closely related to the "silicon-based ecology", and we will continue to consolidate the system layout in core tracks such as AI computing power, large models, and embodied intelligence. The total number of our invested companies has exceeded 300, of which 25 have been successfully listed. We have earlier targeted three leading companies, CATL, Cambrian, and Haiguang Information, with a market value of over 500 billion yuan. At the same time, we insist on investing in new productivity driven by technology and have cultivated more than 60 national-level specialized “little giants”.

Currently, the industry is facing a "gap" between technological ideals and business reality. Especially in fields such as embodied intelligence, achieving scalable business closed loops is a key challenge. We believe that high-quality vertical data will become the core barrier of industrial AI, and China's complete industrial chain and rich scenarios are unique advantages for incubating breakthrough technologies.

Looking forward to 2026, investment will become more rational, and "silicon-based intelligence" will remain the long-term main line. We will focus on three major directions for in-depth layout: first, the evolution of AI to "system intelligence", focusing on investment in agents and AI-native hardware capable of closed-loop vertical industry tasks; second, the commercial integration of machine intelligence, seizing the spillover dividends of autonomous driving technology, and promoting the large-scale implementation of embodied intelligence in B-side scenarios such as industry and logistics; third, forward-looking layout of disruptive computing architectures, such as storage and computing integration, RISC-V, etc., to reserve core capabilities for the next round of paradigm revolution.

Source: Venture Capital Exchange

IT House reported on February 16 that the 2026 Kia Sportage will be officially launched on March 5. The car rolled off the production line at Kia's Jiangsu Yancheng factory on February 7, with major exterior and interior adjustments. For comparison, the guide price range of the 2025 Lion Extension currently on sale is 179,800-237,800 yuan.

The appearance of the new car continues the brand's "unity of opposites" design language, but has been adjusted for the front and rear styling. The front part of the car uses redesigned star pattern daytime running lights, combined with a horizontal black grille and chrome trim, to further enhance the visual width. The rear of the car is equipped with star-shaped through-taillights, echoing the front of the car. Combined with the two-color design of the roof spoiler and rear bumper, it enhances the overall sense of hierarchy.

In terms of intelligent driving assistance, the new car extends the coverage of L2+ driving assistance system to the main sales models, and adds HDA 2 Highway Driving Assistance System II and RSPA remote control intelligent parking assistance functions.

In terms of specifications, the length, width and height of the car are 4695 mm, 1865 mm, 1678 (1680) mm respectively, and the wheelbase is 2755 mm. In terms of power, there are two gasoline engine options, namely the 1.5T engine model G4FS with a maximum power of 147 kilowatts, and the 2.0T engine model G4NN with a maximum power of 180 kilowatts. Both engines are expected to be matched with automatic transmissions, and specific transmission information is subject to further official announcement.

According to the Global Network citing the Canadian Broadcasting Corporation (CBC) report on the 14th local time, Canadian Defense Minister David McGuinty stated that Canada has now officially joined the "Security Action in Europe" (SAFE) plan launched by the European Union. The program provides loans to member states to invest in defense capabilities.

David McGuinty data map source: Visual China

CBC said that McGuinty said in a statement to the media: "This agreement strengthens our collective security, supports the development of critical defense capabilities, and allows Canadian industry to enter the European defense market while contributing to the security of Europe and Ukraine." He also mentioned that Canada is the only non-European country to join the plan.

The report mentioned that Canadian Prime Minister Carney signed a Strategic Defense and Security Partnership Agreement with the European Union less than a year ago, and the agreement included joining the SAFE program.

According to a previous report by China National Defense News, the "European Security Action" defense financing plan is led by the European Union and aims to provide a total of 150 billion euros (approximately US$174.7 billion) in financial support for participating countries to purchase defense equipment. The funds mainly come from EU financial allocations and joint capital injections from participating countries.

Canadian Prime Minister Mark Carney said that joining the program aims to broaden defense cooperation channels through the joint military procurement loan mechanism. This move is expected to bring potential orders worth billions of dollars to Canadian military industrial companies, covering areas such as ammunition production and equipment maintenance. It will also attract European suppliers to build factories in Canada and enhance the supporting capabilities of the local defense industry.

For the EU, Canada's accession has multiple implications. In addition to bringing additional capital injection and military R&D resources, as a member of NATO and an important North American economy, Canada's participation will enhance the international influence of the plan, lay the foundation for attracting non-European countries such as Australia to join in the future, and further expand the scope of the European defense system.

Public opinion generally believes that Canada's move is not to "decouple" from the US military, but to seek a strategic balance between the United States and Europe. On the one hand, Canada and the United States have close geopolitical ties. Both countries are members of NATO, the G7, and the "Five Eyes Alliance" and jointly lead the operations of the North American Aerospace Defense Command. Canada is still pushing to join the U.S. "Golden Dome" missile defense program in the near future. On the other hand, the EU currently has no mature fifth-generation fighter jets available for export. Compared with the JAS-39 "Griffin" fighter jet, the F-35 fighter jet has many technical advantages. Canada still needs to comprehensively consider technology and other factors when purchasing major equipment.

On the evening of February 17, crude oil prices plummeted again after a short-term rise.

Affected by the latest news, safe-haven assets gold and silver also plummeted.

In terms of cryptocurrencies, Bitcoin fell below $67,000, down 2.9% on the day. As of press time, nearly 77,000 people in the global market have been liquidated.

On the news front, there is good news for the US-Iran negotiations.

According to CCTV News, on the 17th local time, Oman’s Ministry of Foreign Affairs posted on social platforms that before the start of indirect negotiations on the US-Iran nuclear issue that day, Oman’s Foreign Minister Badr held talks with US presidential envoy Witkov and Trump’s son-in-law Kushner in Geneva.

The statement stated that the talks conducted a comprehensive discussion around the overall background and advancement conditions of the US-Iran negotiations, focusing on arrangements at the political and technical levels. The statement pointed out that the two sides discussed relevant issues in a pragmatic and constructive spirit to enhance the chances of reaching consensus.

Oman also stated that the US-Iran negotiations held that day had achieved "real progress" and laid the foundation for continuing to advance negotiations in the near future.

On the 17th local time, Iranian Foreign Minister Araghchi said that the current round of Iran-US Geneva negotiations had serious discussions and the atmosphere was more constructive. The two sides were able to reach an overall consensus on a set of guiding principles and continue to advance the text of a potential agreement based on this. The two sides still have some issues that require further negotiation and may lead to an agreement.

Araghchi said that this round of negotiations is more in-depth than the previous round. The two sides put forward various ideas and reached an overall consensus on a series of guiding principles, on which a possible agreement text will be drawn up. But Araghchi also said that this does not mean that an agreement will be reached soon, but the relevant path has been opened. "When it comes to drafting the text of the agreement, the related work will be more difficult."

Araghchi said that the current negotiations are progressing well and the situation is optimistic. The specific time for the next round of negotiations has not yet been determined. The two sides agreed to negotiate on some texts first and then determine the time for the third round of negotiations.

Daily Economic News Comprehensive CCTV News

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"I wish the people of both countries good luck, family happiness, health and safety, and immediate success!" On February 16, local time, the Lunar New Year's Eve, the third Moscow "Happy Spring Festival" event kicked off grandly in the center of Moscow.

Manesh Square and Revolution Square, located next to the Kremlin, are the main venues for this event. At the opening ceremony, Chinese Ambassador to Russia Zhang Hanhui said that the love and attention that Chinese and Russian people attach to traditional festivals reflects their common values ​​- the protection of traditional culture, the inheritance of cultural heritage, the love for family and motherland, and the tolerance, respect and appreciation of different cultures.

From the opening to March 1, there will be a daily New Year market, food experiences, theatrical performances, traditional culture and intangible cultural heritage workshops and other rich activities. Visitors can make traditional festival ornaments with their own hands, participate in animation shows and theater interactions, tie wishing ribbons on a simulated "Moscow-Beijing" train, and send blessing postcards to China for free through the "Russian Post" New Year Post Office, immersing themselves in the festive atmosphere of the Spring Festival. This is also the longest Spring Festival celebration in Moscow.

On February 16, local time, the eve of the Chinese Lunar New Year, the third Moscow "Happy Spring Festival" event kicked off grandly in the center of Moscow. The picture shows the Guangdong English singing and dancing performance. Photo by China News Service reporter Tian Bing

More than 60 iconic places in Moscow, including the Russian State Library, Tver Square, Moscow Zoo, All-Russian Exhibition Center, Moscow China Trade Center, and Greenwood Park, were decorated and dressed in festive Chinese red, and celebrations started simultaneously. For the first time, the event invited 7 delegations from Beijing, Inner Mongolia, Henan, Zhejiang, Guangdong, and Hainan to make a special trip to Russia to carry out Spring Festival cultural exchanges and present the best of Chinese culture. Among them, programs such as Peking opera and acrobatics in Beijing, Mongolian band in Inner Mongolia, martial arts and folk music in Henan, Wu opera and string puppets in Zhejiang, English singing and dancing in Guangdong, and dance and instrumental music of the Li ethnic group in Hainan will be staged in Moscow. Many of these art categories will be displayed in Russia for the first time.

Local sinologists, Chinese culture enthusiasts, overseas Chinese and international students in Moscow jointly organized more than 20 theatrical performances and 120 in-depth cultural experience activities, covering calligraphy and painting, tea art, Hanfu, paper-cutting and other representative intangible cultural heritage items. More than 30 hotels and more than 140 restaurants in the city have simultaneously launched Spring Festival themed packages and special offers. Special projects such as Spring Festival-themed subway trains, light shows, Go tournaments, and "Beautiful China" photo exhibitions will also be launched one after another. With the theme of "Happy Spring Festival", the organizers are also collecting outstanding photography works from all over Russia. The winners will be invited to China for cultural visits and exchanges.

In addition, at the beginning of the China-Russia Education Year, the Chinese Embassy in Russia will organize representatives from relevant universities, Confucius Institutes and international students to hold Education Day themed activities in Manesh Square to carry out interactive exchanges such as promotion of Chinese universities, cultural displays, and knowledge Q&A.

On February 16, local time, the eve of the Chinese Lunar New Year, the third Moscow "Happy Spring Festival" event kicked off grandly in the center of Moscow. The picture shows Russian children taking a group photo at the event. Photo by China News Service reporter Tian Bing

Behind the cultural integration is a deeper people-to-people bond. Russian Foreign Ministry spokesperson Zakharova said that this will be a wonderful and lively event. The Spring Festival event is becoming more and more popular in Russia. Last year's "Happy Spring Festival" event's pictures, videos and news reports received extremely high views, which is rare. "I believe that the attention this year will not be inferior, or even higher."

The latest Russian poll data shows that the number of Russian people reading and watching Chinese New Year-themed content has increased by 35% compared with the same period last year, and platform content about the Spring Festival has also increased by 40%. In 2026, 41% of the respondents expressed their intention to participate in the Spring Festival celebrations, and another 33% of the respondents said that although they did not plan to celebrate officially, they were very interested in its traditional customs and the symbolic meaning of the year. Among those who plan to celebrate the Spring Festival, the most popular forms are themed dinners and experiences of traditional Chinese cuisine, as well as themed festive cultural activities.

"Happy Spring Festival" is not only a cultural resonance, but also a vivid footnote to the friendship between China and Russia. As Ambassador Zhang Hanhui said, the people of the two countries jointly celebrate the beautiful festival to welcome spring, which has a beautiful meaning and will continue to write touching chapters of Sino-Russian friendship. (over)

The dragon dances in the mountains and rivers, and the horse gallops in the spring scenery! I am Zheng Yuchen from Allianz Funds. As the Shanghai Composite Index reaches 4,000 points and has a good start, on behalf of Allianz Funds, I would like to extend my most sincere blessings to all investors! I wish you all the best of luck and success in the new year, and may you reap full rewards from the fertile soil of the capital market.

Looking back on 2025, China's economy is moving forward steadily in the wind and waves, and the results are outstanding: in the face of a complex external environment, the annual GDP growth target of 5.0% has been successfully achieved, and the total has reached a new level; high-tech manufacturing, new energy and other new productive forces have accelerated, and the industrial structure has continued to be optimized; structural opportunities in the capital market are abundant: A-shares have frequently highlighted new productivity represented by technological innovation, green transformation and artificial intelligence. "Innovation chain + industrial chain" is deeply integrated; new consumption formats and new scenarios continue to emerge, becoming a new engine to stimulate domestic demand. Allianz Fund has also grown steadily this year. The company's equity products have achieved outstanding returns throughout the year, and the "fixed income +" product matrix has continued to expand. It hopes to use sustainable performance to fulfill its commitment to grow with investors.

Looking forward to 2026, as the first year of the "15th Five-Year Plan", we firmly believe that China's economy will continue to move steadily forward on the track of high-quality development, and the nominal GDP growth rate will rebound significantly throughout the year. The Central Economic Work Conference puts "domestic demand as the leading factor" in the first place. Plans to increase residents' income, consumption boosting actions and urban renewal will work together. Service consumption and commodity consumption will empower each other, and the advantages of the ultra-large market will be fully released. Looking at the world, China's economy will also show more strategic value. my country's contribution rate to world economic growth continues to remain at around 30%. It is not only a stabilizer of the global economy, but also a leader in high-quality development.

In the capital market, two important changes are quietly unfolding. One is that the capital market has replaced real estate as an important area for maintaining and increasing the value of residents' wealth. Another is that the development of the capital market needs to serve the real economy and national strategy, but in turn, it can also reflect and share the results of the development of the real economy. These two changes have made the development of the capital market one of the country's strategic goals and will push the capital market into a relatively good stage of development. The quality of the underlying assets in the capital market is also improving. We have also seen that through the continuous deepening of the registration system reform, the quality of listed companies has steadily improved, foreign investment access has continued to expand, and market resilience and vitality will be further enhanced. At the same time, "long-term money" represented by insurance funds and pensions has accelerated into the market, which will form a positive cycle with listed companies that focus on dividend returns, providing valuable "ballast" for the market. A-shares are accelerating to grow into a market that pays more attention to the coexistence of value and growth, and tests professionalism and foresight.

The year 2026 is promising. As the saying goes, "It's easy to recognize the east wind, and spring is always spring." Against the background of the steady progress of the domestic economy, and with the vigorous promotion and continuous protection of various systems, corporate profits will be further restored, the risk appetite of the A-share market is expected to continue to rebound, and investment opportunities will continue to emerge. Technological innovation, green and low-carbon, high-end manufacturing, consumption upgrading and other fields are blooming in many fields. There are both steady growth of leading enterprises and growth opportunities in subdivided tracks. The global competitiveness of the industry has been improved for all to see, which will surely give rise to more cross-market investment opportunities.

In the future, with the further opening up of the service industry and financial industry, and the deepening of the internationalization of the RMB, RMB asset prices will become an independent large asset that cannot be ignored in the global market. Its importance should be comparable to that of U.S. dollar assets and Euro assets. Therefore, as the capital market opens to the outside world, the development of the asset industry will also deepen, and more and more international capital and international institutions will participate in this industry. High-quality development is an important link for the capital market to integrate with international standards. International integration will bring more mature and advanced investment concepts and different product innovations and investment strategies.

As a wholly foreign-owned public fund, Allianz Fund will continue to adhere to long-termism in 2026, deeply explore the Chinese market, and be supported by the "regularized investment" system. It is committed to delivering long-term investment value in multiple market cycles through sustainable excess returns, working with investors to welcome new opportunities for Chinese assets, and jointly ushering in a new era of high-quality development of the fund industry.

Mr. Zheng Yuchen is the director, general manager and chief investment officer of Allianz Fund Management Co., Ltd.

Joined Allianz Investment in January 2022 and participated in the preparations for the application for a public offering license. He served as deputy general manager and chief investment officer of Allianz Fund Management Co., Ltd.

From October 2008 to January 2022, he served as a fund manager, investment consulting director, fixed income department and insurance institution asset management department director, investment director and other senior positions at HSBC Jintrust Fund Management Company. Previously, Mr. Zheng Yuchen worked at Allianz Sino-German Life Insurance Co., Ltd., where he served as portfolio manager and director of the investment department.

Mr. Zheng Yuchen has more than 25 years of experience in the financial industry, covering both insurance fund management and public fund investment. He is good at fixed income, multi-asset allocation and systematic investment system construction.

Mr. Zheng Yuchen holds a bachelor's degree in construction management engineering from Tongji University and a master's degree in technical economics and management from Tongji University. He also holds the professional qualifications of Chartered Financial Analyst (CFA), Financial Risk Manager (FRM), and Alternative Investment Analyst (CAIA).