France's INSEE manufacturing confidence index for February was 102, below the expected 103 and the previous reading of 105.

Key News 1. Both the one-year and five-year LPRs remain unchanged. 2. The Supreme People's Court: Judicial interpretations on civil compensation for insider trading and market manipulation in the securities market will be formulated in 2026. 3. The Ministry of Commerce: 20 Japanese entities will be added to the export control list. 4. German Chancellor Merz will visit Unitree Technology. 5. Hainan: Promoting the demonstration application of artificial intelligence technology in launch safety control, intelligent satellite data processing, and intelligent testing in aerospace manufacturing. Individual Stock News 1. Data on main fund flows shows that Zhongji Xuchuang saw the largest net inflow of main funds at 2.14 billion yuan, followed by Huagong Tech, China Railway, Kunlun Tech, and Shanghai Electric. Huasheng Tiancheng saw the largest net outflow of main funds at 1.507 billion yuan, followed by Dawei Technology, Sanhua Intelligent Control, Enlight Media, and China Tourism Group Duty Free. 2. Jiangxi Copper: The tender offer for SolGold plc has been approved by the court and shareholders' meeting. 3. Moore Threads: Collaborating with 51Vision to build a fully domestically produced physical AI simulation system. 4. Shanghai Shangda Shares: The company has participated in the trial production, verification, and mass production delivery of special alloy products used in various types of aerospace engines and other equipment. 5. Haimuxing's new energy storage equipment orders in January may exceed 1 billion yuan; the company's front-line production staff has nearly doubled. 6. Changan Automobile: Changan's "Golden Bell" solid-state battery is expected to be installed and verified by robots before the third quarter of this year. 7. Zhangyuan Tungsten has raised its long-term order purchase price for the second half of February 2026. 8. Zhongyi Technology: The company's self-developed AI Agent has been integrated into its intelligent operation and maintenance product system. 9. Aero Engine Control: The company has listed the development of supporting components for the Yangtze River engine as a key project in the "15th Five-Year Plan," promoting high-quality delivery of the project tasks.

Hang Seng Index futures opened down 0.67% at 26,890 points, a discount of 192 points.