A-shares strengthen, ChiNext index rises over 1%! Micro-cap index rises over 2%, Beijing Stock Exchange 50 rises over 2%, nearly 4,300 stocks advance, computing power concept active, Dawning Information Technology hits 2-day limit up

February 28 | Major A-shares indices strengthen, ChiNext Index rises over 1%, the Shanghai Composite increases by 0.22%, and the Shenzhen Component rises by 0.71%. Artificial meat, weight loss drugs, securities, and state-owned enterprises lead the gains, with nearly 4,300 stocks in Shanghai, Shenzhen, and Beijing advancing.

Tonghuashun (300033) Micro Disk Index up over 2%, Beijing Securities 50 up over 2%.

A-shares brokerage stocks opened strong, with Western Securities (002673) hitting the 3rd limit-up in 4 days, followed by gains in Huachuang Yunxin, Cinda Securities, Changjiang Securities (000783), Southwest Securities (600369), Founder Securities (601901), and others.

A-shares gaming stocks gained strength, with Ciwun Media (002343) hitting the daily limit, ChinaQbao (300052), Huayi Brothers (300027), Xunyou Technology (300467) rising over 5%, and Tianzhou Culture (300148), Kaiying Network (002517), Shifeng Culture (002862), Caesar Culture (002425), and others also climbing. On the news front, the National Press and Publication Administration released the February approval information for domestic online games on the 27th, with 111 games approved.

A-shares computing power concept stocks fluctuated actively, with Sugon (中科曙光) hitting two consecutive limit-ups, and Runjian Shares (002929), Unigroup (紫光股份 000938), ChinaQbao, Cambrian (寒武纪), Zhongbei Communications (603220), and others rising over 5%. Zheshang Securities (601878) believes that generative AI is expected to bring a leap in social productivity, marking the beginning of the “Fourth Industrial Revolution.” The foundation of industrial development is a plentiful, low-cost supply of computing power. From this perspective, vigorously developing domestic computing power in China is essential.

The hydrogen energy sector was active early in the day, with Compton (603798), Hongtao Shares (002325), Yinglite (000635) hitting the daily limit, Hanma Technology reaching the limit-up, and multiple stocks such as New Power (310328), Zhongtai Shares (300435), Shenghui Technology, Houpu Shares (300471) rising over 5%. According to the China Hydrogen Energy Alliance Research Institute, at the beginning of 2024, 22 out of 31 provincial-level administrative regions included hydrogen energy in their government work reports, with the number of provinces mentioning hydrogen energy development increasing year by year.

Hong Kong tech stocks strengthened, with the Hang Seng Tech Index rising over 1%.