UBS Switzerland Head: Generative artificial intelligence and other new technologies will be more disruptive than tariffs.

A new round of US-Iran negotiations began on the 26th local time.

Domestic News: 1. Xi Jinping meets with German Chancellor Merz. 2. Paul Chan: Hong Kong's economic growth forecast for this year is 2.5% to 3.5%. 3. Ministry of Commerce: Hopes the US will view the implementation of the first phase of the China-US trade agreement objectively and rationally. 4. Hong Kong plans to expand the scope of IPO confidentiality applications? Hong Kong Stock Exchange responds: Will announce relevant progress to the market in due course. 5. Shanghai launches seven policies covering three aspects: reducing housing purchase restrictions, optimizing provident fund loans, and improving personal property tax. International News: 1. CME Group temporarily suspended trading in metals and natural gas futures and options due to "technical issues". 2. Zimbabwe suspends exports of lithium concentrate and ore. 3. Cuba claims to have fired on a US speedboat that violated regulations, resulting in 4 deaths and 6 injuries. 4. Nvidia's Q4 earnings report is strong; the company says demand for computing power remains strong. 5. Spot gold has climbed back above $5,200, and silver has risen above $90. 6. New York Fed: Declining attractiveness of government bonds has led to a rise in the "natural rate of interest." 7. US Trade Representative Greer: The US will announce a 15% tariff. 8. Zelensky: New trilateral talks between Ukraine, the US, and Russia will be held in early March. 9. South Korean National Assembly passes amendments to the Commercial Law, mandating the cancellation of treasury stocks to boost stock market valuations. 10. Trump: Ensure members of Congress cannot profit from insider information; the "Anti-Insider Trading Act" should be passed immediately. 11. Sources say OPEC+ will consider raising April's daily oil production by 137,000 barrels at its March 1 meeting. 12. Iran Situation—① US government sets limits on new Iran nuclear deal: no expiration clauses allowed. ② Sources say Saudi Arabia plans to significantly increase oil production in the short term if the US launches an attack on Iran. ③ Trump: Diplomatic solutions to the Iranian nuclear issue remain the preferred method. ④ The Iranian Foreign Minister arrived in Geneva to prepare for the third round of indirect negotiations with US representatives on the 26th.