Financial attention
Macroeconomics
1. China Telecom: The Institute of Artificial Intelligence released the first large-scale speech recognition model in the industry that supports the free mixing of 30 dialects - Xingchen Super Multi dialect Speech Recognition Model, which breaks the dilemma that a single model can only recognize a specific single dialect. It can simultaneously recognize and understand more than 30 dialects, such as Cantonese, Shanghai dialect, Sichuan dialect, Wenzhou dialect, etc. It is a large-scale speech recognition model that supports the most dialects in China.
2. CCTV News: On May 24th, the National Key Water Conservancy Project - the Han Ji Wei River Diversion Project provided a daily water supply of 864000 cubic meters to the Heihe River Diversion System in Xi'an, accounting for more than 40% of the daily water supply in Xi'an, marking the largest water supply flow since the initial water supply of the Han Ji Wei River Diversion Project.
3. Science Daily: According to the latest issue of Science, a team from the Massachusetts Institute of Technology and the Broad Institute at Harvard University has designed a gene transporter that can effectively utilize human proteins to cross the blood-brain barrier and deliver disease-related genes to the entire brain of humanized mice. This is an important step towards developing more effective gene therapies for brain diseases.
Stock market inventory
1. CITIC Construction Investment: The low altitude economic policy side continues to make efforts, and the trend of developing low altitude economic industrial clusters through urban clusters such as the Yangtze River Delta, Pearl River Delta, Beijing Tianjin Hebei, and Sichuan Chongqing is forming. Considering the development sequence of the industrial chain, in the short term, focus on the upstream and midstream of the industrial chain. It is recommended to pay attention to related targets such as air traffic control systems, intelligent transportation integrators, airport information technology manufacturers, and geographic information technology manufacturers.
2. Shanghai Securities Journal: Since May, multiple securities firms have received intensive institutional research. The securities firms that have been surveyed frequently include Shenwan Hongyuan, Guoxin Securities, Hongta Securities, etc. In investor questioning, multiple securities firms were asked if there were any merger and restructuring plans or changes in major shareholders. Under the new wave of industry mergers and acquisitions, the number of targets containing expected mergers and acquisitions is expected to increase, which will further promote the optimization of resource allocation and promote the intensive development of the industry.
3. Securities Daily: As of May 24th, there were nearly 4600 commodity oriented, mixed stock oriented, and Among QDII equity mixed funds and other public funds, 3803 products have shown positive returns this month. Commodity funds such as silver and soybean meal have all entered the top positions. The reason why related funds can achieve good returns is mainly due to the improvement of the underlying asset prices during the same period.
4. Shanghai Securities Journal: Recently, securities firms have been conducting research on the M&A and restructuring market, exploring potential investment opportunities along policy guidance and M&A demand, and analyzing the development trends of the M&A market. Many securities firms believe that industrial mergers and acquisitions by technology-based enterprises and central enterprises may push the M&A market to a new level.
Industry observation
1. China News Network: At 8:40 am on May 25th, with the departure of the X8157 China Europe freight train (Xi'an Malashevich) from Xi'an International Port Station, the total number of China Europe freight trains has exceeded 90000, sending over 8.7 million TEUs of goods with a value of over 380 billion US dollars, maintaining safe, stable and smooth operation.
2. Cui Dongshu: In recent years, China's charging infrastructure has developed rapidly and has built the world's largest number, widest service range, and most comprehensive charging infrastructure system. At present, based on the calculation of 1 public pile=3 private piles, the vehicle pile ratio of pure electric vehicles in China's incremental market in 2024 has reached 1:1, which is definitely several times higher than that of other countries in the world.
3. China Telecom: We will moderately advance the construction of intelligent computing infrastructure, build super large intelligent computing clusters with over 10000 cards in hot areas, and build large-scale green intelligent computing pools in the western region. By 2024, the scale of intelligent computing will reach 21EFLOPS; Build a cross DC distributed lossless network, with a 400G high-speed all optical network covering the country by the end of the year, and accelerate the upgrade to 800G and 1.2T ultra large bandwidths.
4. Li Zhenhua, Dean of Ant Group Research Institute: Currently, the large model is mainly applied in the B-end market, and there has not been a large-scale explosive application in the C-end yet. And cloud computing is the best carrier for B2B applications, AI vendors without cloud service capabilities have no future. In the first quarter, AI services account for 7% of Azure cloud revenue, with the financial industry accounting for 10%.
5. Chairman of Bi Ren Technology: Young people starting businesses in the field of AI should avoid polishing vertical scenes with data from specific fields on general open source models. Once a new generation technology platform is released, the industry advantages you have accumulated through hard work will be eliminated. Entrepreneurs must keep up with the speed of technological development. In the competition for universal artificial intelligence between China and the United States, Chinese companies need to establish the foundational capabilities of universal big models.
6. China Securities News: Since May, Apple and Huawei have successively launched new OLED tablets. This marks a shift in display technology preferences among top manufacturers in tablets, OLED screens have become a new trend in the tablet computer industry and may drive other manufacturers to mass produce OLED products.
7. Lighthouse Professional Edition: As of 17:46 on May 25th, the total box office of the 2024 May Day new film pre-sales (including point screenings) has exceeded 10 million! "Negotiator", "I Don't Want to Be Friends with You", and "Anti Gang: Never Give Up" are currently listed in the top three pre-sale box office (including point shows).
Insight Economics
1. South Korea: In April, the export value of automobiles was 6.8 billion US dollars, setting a new record for the highest monthly export value after five months. In the first four months, the export volume increased by 4.7% year-on-year to $24.3 billion, also reaching a new high in the same period of previous years. This is mainly due to the hot sales of models from manufacturers such as Hyundai in the North American market.
2. Brazilian Ministry of Health: According to data released on May 24th local time, the number of deaths from dengue fever in Brazil this year has reached 3000. At present, there have been over 5 million cases of dengue fever infection in Brazil, and an additional 2666 suspected dengue fever deaths are awaiting confirmation of the cause of death.
Financial data
1. Xinhua News Agency: The 20-year super long term special treasury bond were first issued on May 24. The winning bid yield is 2.49%, with a full subscription multiple of 4.34 and a marginal multiple of 1.05. The total face value of the competitive bidding for 20-year super long term special treasury bond is 40 billion yuan, and the interest will accrue from May 25, 2024. The interest payment date is May 25 (postponed on holidays) and November 25 of each year.