Key News 1. Shanghai releases "Seven Measures" for the housing market, further reducing housing purchase restrictions. 2. Sichuan: Expanding provincial-level "computing power vouchers" and exploring the formulation of "scenario vouchers" and "model vouchers" policies. Individual Stock News 1. Data on main capital flows shows that Northern Rare Earth saw the largest net inflow of main capital at 3.625 billion yuan, followed by Shenghong Technology, Baogang Steel, Aerospace Development, and Foxconn Industrial Internet; Kunlun Tech saw the largest net outflow of main capital at 1.858 billion yuan, followed by GigaDevice, GCL System Integration, Tianfu Communication, and BlueFocus. 2. Metersbonwe experienced a dramatic price swing, with the company responding that there is no "manipulated stock" situation. 3. Is the ex-factory price of Feitian Moutai to be raised to 1299 yuan? Kweichow Moutai responds: There is no need to believe online rumors. 4. Hengbang Shares: The expansion of the Liaoshang Gold Mine and other projects are expected to be put into production in the second half of 2027. 5. Haozhi Electromechanical: Has established a business partnership with LandSpace. 6. Kaige Precision Machinery: Has delivered 800G and 1.6T optical module automated assembly lines to overseas customers. 7. Zhongtian Technology: Launched a special optical fiber expansion project at its Indonesian factory. 8. Hengbang Shares: Projects such as the expansion of the Liaoshang Gold Mine are expected to commence production in the second half of 2027.

Foreign Ministry: China urges the US to stop looking for excuses to resume nuclear testing.

Foreign Ministry: China urges the US to stop looking for excuses to resume nuclear testing.

US Dollar: 1. ADP Weekly Employment Report: In the four weeks ending February 7, US private sector employment increased by an average of 12,750 jobs per week. 2. Federal Reserve – ① Bostic: Even with rising productivity, the Fed needs to focus on inflation. ② Waller: The Fed is very cautious about integrating artificial intelligence into its operations. ③ Goolsby: Optimistic about further rate cuts this year, but only if inflation begins to return to target levels. ④ Cook: The AI investment boom could raise the neutral interest rate in the short term. 3. Trump's State of the Union Address – ① The Supreme Court ruling is regrettable. Tariffs will continue. ② Ensure that members of Congress cannot profit from insider information; the Anti-Insider Trading Act should be passed immediately. ③ The government has brought inflation to its lowest level in five years. Low interest rates will solve the housing crisis. ④ Iran is developing missiles that can quickly reach the US; they are still pursuing nuclear ambitions. The preferred solution to the Iranian nuclear issue remains through diplomatic means. Pound Sterling: 1. Bank of England Governor Bailey: Further policy easing is expected, likely this year. 1. The March interest rate decision is a truly unresolved issue. 2. Bank of England Monetary Policy Committee member Green: The process of inflation falling may have stalled. Slowing the pace of interest rate cuts by the Bank of England is appropriate. 3. Bank of England Chief Economist Peale: The process of inflation falling has not been affected and is not yet over. Core inflation needs continued attention. 4. Bank of England Monetary Policy Committee member Taylor: If the economy falls into recession, interest rates will have to be lowered below the neutral level. Japanese Yen: 1. Japanese Prime Minister Sanae Takaichi conveyed concerns about further interest rate hikes during her meeting with Bank of Japan Governor Kazuo Ueda last week. 2. Japanese Prime Minister Sanae Takaichi: We are closely monitoring foreign exchange movements with a high sense of urgency. 3. The Japanese government nominated Toshiro Asada and Ayano Sato as new board members of the Bank of Japan. 4. Former Bank of Japan Governor Haruhiko Kuroda: The Bank of Japan is likely to raise interest rates twice a year in 2026 and 2027. Other: 1. The Bank of Thailand will use fiscal and economic policies to boost the economy, with a projected growth rate of 1.9% this year. 2. Swiss National Bank President: The Swiss National Bank is prepared to intervene in the foreign exchange market if necessary. 3. Hong Kong Financial Secretary Paul Chan: The total amount of funds allocated for RMB business has doubled to RMB 200 billion at the beginning of the month.

JPMorgan Chase: Raises its long-term gold price forecast to $4,500 per ounce.

JPMorgan Chase: Gold prices are expected to reach $6,300 per ounce by the end of 2026.