Evening hot topics on A-share market | Nine government departments jointly issued a document with 64 measures to boost consumption!

1. Nine departments jointly issue a document, 64 measures to improve consumption In recent days, the Ministry of Commerce and other nine departments jointly issued the "Action Plan for Improving Service Consumption and Benefiting the People by 2026". The "Action Plan" adheres to the close combination of benefiting the people and promoting consumption, investing in goods and investing in people, focusing on the transformation and upgrading of service consumption infrastructure, addressing people's livelihood concerns such as the elderly and children, and providing targeted support for the development of household services, elderly care, childcare, and other areas of people's livelihood, promoting a healthy interaction between consumption and investment, supply and demand. 2. Strong rebound! U.S. non-farm payrolls increased by 178,000 in March, well above expectations In a strong performance in the U.S. labor market in March, job growth significantly exceeded expectations, and the unemployment rate unexpectedly decreased, demonstrating the resilience of the labor market amid the backdrop of the Middle East war. Market pricing indicates a decrease in the expectation of an interest rate cut by the Federal Reserve in 2026. The U.S. Bureau of Labor Statistics released data on Friday showing that non-farm payrolls increased by 178,000 in March, far exceeding the Bloomberg survey economists' expected 65,000, marking the largest monthly increase since the end of 2024, with the previous value being a decrease of 92,000 (revised down to a decrease of 133,000). 3. Ministry of Commerce promotes the work of trading in old products for new ones for national consumer goods through a teleconference in Beijing The meeting pointed out that this year, the Ministry of Commerce, together with various regions and relevant departments, has closely combined benefiting the people and promoting consumption, continuously optimizing the implementation of the policy of trading in old products for new ones, paying more attention to green and intelligent orientation, supporting offline entities more, emphasizing digital empowerment more, and integrating policies more coordinated efforts, promoting a good start for the policy of trading in old products for new ones in the first quarter, playing an important supporting role in promoting consumption and benefiting the people. 4. The central bank will conduct 800 billion yuan of reverse repurchase operations To maintain the liquidity of the banking system, on April 7, 2026, the People's Bank of China will conduct 800 billion yuan of reverse repurchase operations with fixed quantity and interest rate tender and multi-price bidding method with a term of 3 months (89 days) and a maturity date of July 5, 2026 (to be extended in case of holidays). 5. China Banking and Insurance Regulatory Commission: Promote the construction of a financial service system that meets the financing needs of the entire life cycle of future industries On April 1, the China Banking and Insurance Regulatory Commission held a collective (expanded) study of the Party committee's theoretical learning center, Li Yunze emphasized that we should focus on the main business of finance, promote the construction of a financial service system that meets the financing needs of the entire life cycle of future industries, provide accurate services to future industries such as artificial intelligence with science and technology finance, and inject new impetus into Chinese-style modernization. We should overall plan for development and security, deeply understand and grasp the development trend of artificial intelligence, steadily and orderly promote the pilot application of artificial intelligence in the financial industry, establish and improve the governance framework for the secure development and application of artificial intelligence, promote the high-quality development of digital finance. We should strengthen the empowerment of science and technology, start the construction of the "financial supervision project" of high quality, build a solid technological support for financial supervision, continuously improve the digitalization level of supervision and the penetration capacity of supervision, and effectively enhance the quality and efficiency of strict supervision. 6. The 2026 Space Computing Industry Conference releases ten key research projects On April 3, at the 2026 Space Computing Industry Conference, the computing industry development team "Space Computing Professional Committee" was established. The conference released ten key research projects on the same day, including key technologies such as satellite platform level, chip level, payload board level, network operation level, hardware system level, system software level, industrial application level, cross-structure level, cross-carrier rocket level, and cross-heat dissipation level, to collaborate with the industry for research and development. 7. Ministry of Industry and Information Technology + ZTE Corporation, Xiaomi! Discuss the "Fifteenth Five-Year Plan" for the development of electronic information manufacturing The Electronic Information Department of the Ministry of Industry and Information Technology recently conducted special discussions and research with ZTE Corporation Limited and Xiaomi Group on the compilation of the development plan for the electronic information manufacturing industry in the "Fifteenth Five-Year Plan". Leaders of ZTE Corporation and Xiaomi Group introduced their respective areas of expertise, including chips, basic networks, smart phone terminals, color TVs, smart wearables, smart homes, artificial intelligence terminals, and digital transformation. 8. State Administration for Market Regulation: Food delivery platforms must prioritize food safety to ensure consumers can eat with confidence On April 2, the State Administration for Market Regulation held an administrative guidance meeting for food delivery platform companies in Beijing, instructing Meituan, Taobao Flash Purchase, and JD.com to strictly implement the soon-to-be-implemented "Regulations on the Supervision and Management of Food Safety Responsibility of Network Catering Service Operators" and strengthen the food safety responsibilities of enterprises by taking effective measures to ensure the safety of consumers' diets. From a market perspective, investment opportunities in computing power are of particular interest. 1. Computing Power | 2026 Space Computing Industry Conference established, releases ten key research projects On April 3, at the 2026 Space Computing Industry Conference, the computing industry development team "Space Computing Professional Committee" was established. It was announced at the conference that ten key research projects would be launched, including satellite platform level, chip level, payload board level, network operation level, hardware system level, system software level, industrial application level, cross-structure level, cross-carrier rocket level, and cross-heat dissipation level key technologies, to collaborate with the industry for research and development. Sinolink points out that the domestic computing power chain is accelerating in prosperity and is expected to rise in both quantity and price. In the squeeze of strong logic on both the supply and demand sides, Sinolink predicts that the computing power industry chain in 2026 will enter a "chain-wide inflation" cycle, and the industry's prosperity will spill over from core chips to AIDC, cloud and computing services, supporting power equipment, and server sectors. In terms of investment strategy, given the clear capital expenditure trends of giants such as ByteDance, Alibaba, and Tencent, their supply chain has a high degree of performance certainty, and supply chain companies deeply bound to top Internet companies (CSPs) may achieve significant excess returns. In addition to this, the following sectors are also worth paying attention to: 2. Battery Recycling | Two departments: Guide supply and marketing cooperatives and recycling enterprises to standardize lithium battery recycling 3. Storage Chips | News of Apple's sky-high sweep of global smartphone memory 4. Document Video | Seedance 2.0 open beta testing, video models entering the productivity era 5. Shipping | Global shipping costs skyrocket, Middle East route freight rates have risen 11-12 times 6. Film and Television Theaters | Nearly 20 new films are set to release during the Qingming Festival. Pre-sale box office breaks 56 million In terms of announcements, it is worth noting that JD.com plans to repurchase shares worth 6.3 billion yuan, and in terms of negative announcements, attention should be paid to Routon Electronic receiving a notice to terminate its listing, among others. Slightly Positive Announcements 1. Boe Technology Group: Plans to repurchase shares worth 3.6 billion to 6.3 billion yuan, with a loan not exceeding 5 billion yuan 2. Weichai Power: Data center engine sales in 2025 were about 1400 units, up 259% year-on-year 3. Sichuan Road & Bridge Group: Subsidiary companies won the bid for the 60.69 billion yuan project from Nanchong to Guang'an Railway 4. Wuchan Zhongda Group: Plans to repurchase shares worth 200 million to 400 million yuan 5. Xinjiang Tianshan Animal Husbandry Bio-engineering: March livestock sales revenue increased by 8386.98% year-on-year Slightly Negative Announcements 1. Xianhe Co., Ltd.: Controlling shareholder Wang Minglong was filed for investigation for suspected insider trading 2. Routon Electronic: Received a notice to terminate the listing of stocks 3. Jiangsu Xinri E-Vehicle: Lawsuit with Zhejiang Narada Power Source sent back for retrial and filed, involving an amount of 565 million yuan 4. Shaanxi Beiyuan Chemical Industry Group: Shanxi Hengyuan Investment has reduced its holdings by 1%, and plans to reduce it by 2% 5. ShiJiaZhuang Kelin Electric: Shareholders and directors plan to reduce their holdings of the company's shares by a total of no more than 3% This article is reproduced from "Tencent's Self-selected Stocks", GMTEight editors: Xu Wenqiang.