Pre-market report on A-shares | Stock exchange optimization of refinancing signals three major signals Rare earth product prices accelerate rise

Pre-market news 1. Shanghai and Shenzhen Stock Exchanges optimize refinancing, releasing 3 key signals: emphasizing support for high-quality companies and cutting-edge technology. Category: Market Sentiment: Positive On February 9th, the Shanghai and Shenzhen Stock Exchanges announced a package of measures to optimize refinancing. This round of optimization sends out 3 signals: first, the policy orientation of supporting high-quality companies and cutting-edge technology is prominent. Second, optimizing the refinancing process system to address market concerns. Industry insiders believe that this actually opens up greater space for high-quality listed companies to timely conduct refinancing in response to market opportunities. Third, strengthen supervision throughout the refinancing process and create a favorable market ecosystem. 2. Ministry of Commerce holds a forum for automobile companies: multiple measures to promote expansion and quality improvement of automobile consumption. Category: Industry Sentiment: Positive The Ministry of Commerce held a forum for automobile companies to discuss issues related to automobile circulation and consumption. The meeting proposed that the Ministry of Commerce will work with relevant departments to adhere to both policy support and reform and innovation, integrate existing measures and incrementally strengthen policies, optimize the implementation of the trade-in program for old vehicles for new ones, launch pilot reforms for automobile circulation consumption, improve industry management systems, and take multiple measures to promote the expansion and quality improvement of automobile consumption. 3. Frequent reduction of holdings! Large funds have reduced holdings of multiple semiconductor companies multiple times, industry insiders consider it a normal investment exit. Category: Industry Sentiment: Neutral Since the beginning of the year, the National Integrated Circuit Industry Investment Fund's reduction of holdings in the semiconductor sector has continued to attract market attention. From the information that has been disclosed, both Phase I and Phase II of the large fund have conducted reduction operations. Despite frequent reductions in the short term, industry insiders generally believe that this is a normal investment exit behavior for the large fund as an industrial investment fund, and the strategic direction of long-term support for industry growth and promoting domestic substitution has not changed. 4. Another bank adjusts its agency business with individual gold trading on the Shanghai Gold Exchange, after several banks suspended the service directly. Category: Industry Sentiment: Neutral Industrial Bank will close the individual gold trading business with the Shanghai Gold Exchange through the personal online banking channel, while counter, mobile banking, and other trading channels remain open. Banks have recently made intensive adjustments to the transaction thresholds of the individual gold business with the Shanghai Gold Exchange, with several banks such as Postal Savings Bank and Bank of Ningbo announcing the suspension of the service. Industry analysis indicates that the intensive adjustments reflect factors such as banks strengthening risk control and reducing compliance costs.