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%. Gains are led by sectors such as artificial meat, weight-loss drugs, securities, and state-owned enterprises, with nearly 4,300 stocks in Shanghai, Shenzhen, and Beijing advancing.

Tonghuashun (300033) micro-market index up over 2%, Beijing Securities 50 up over 2%.

A-shares brokerage stocks opened strong, with Western Securities (002673) hitting three consecutive limit-ups in four days, followed by gains in Huachuang Yunxin, Cinda Securities, Changjiang Securities (000783), Southwest Securities (600369), Founder Securities (601901), and others.

A-shares gaming stocks performed well, with Ciwun Media (002343) hitting the limit-up, ChinaQingbao (300052), Huayi Brothers (300027), and Xunyou Technology (300467) rising over 5%, along with Tianzhou Culture (300148), Kaiying Network (002517), Shifeng Culture (002862), Caesar Culture (002425), and others. 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 showed active fluctuations, with Sugon (中科曙光) hitting two consecutive limit-ups, and stocks like Runjian Shares (002929), Unigroup (紫光股份, 000938), ChinaQingbao, 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 and low-cost supply of computing power. From this perspective, vigorously developing domestic computing power in China is an imperative.

The hydrogen energy sector was active early in the session, with Compton (603798), Hongtao Shares (002325), Yinglite (000635) hitting the limit-up, Hanma Technology reaching the limit-up, and multiple stocks such as New Power (310328), Zhongtai Shares (300435), Shenghui Technology, and 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%.