Pre-market broadcast of A shares | Three departments jointly release regulations to promote insurance funds entering the market, with a billion-dollar fund amplifying controlled nuclear fusion

Pre-market news 1. Three departments: support insurance companies to initiate the establishment of private equity funds, invest in the stock market and hold long-term Type: Macro Sentiment impact: Positive The China Banking and Insurance Regulatory Commission and two other departments issued a document supporting insurance companies to initiate the establishment of private equity funds, invest in the stock market, and hold long-term; encouraging banks to increase credit loans for technology-based enterprises and medium and long-term loans; carrying out mergers and acquisitions loans for technology companies, researching to expand the scope of pilot banks, regions, and companies, and supporting technology companies in industrial integration. 2. Billion-dollar fund increases investment in controllable nuclear fusion! Shanghai Future Industrial Fund strategically invests in Chinese Fusion Energy Type: Industry Sentiment impact: Positive The Shanghai Future Industrial Fund announced that it plans to strategically invest in Chinese Fusion Energy Limited. This is the first direct investment project of the fund since its establishment in 2023, marking Shanghai Guotou Company's formal entry into the core track of future energy and injecting billions of capital momentum into the industrialization process of controllable nuclear fusion technology in China. 3. March new energy vehicle report card: Zero Run tops the delivery list for the first time, Xiaopeng's year-on-year increase by 268% Type: Industry Sentiment impact: Positive Several new energy vehicle companies successively announced their March performance. LEAPMOTOR delivered 37,095 vehicles, topping the new forces delivery chart for the first time; Xiaopeng Motors delivered 33,205 smart electric vehicles in March, with delivery volume exceeding 30,000 for the fifth consecutive month; Ideal Motors delivered a year-on-year growth of 26.5%; NIO's delivery increased by 26.7% year-on-year. 4. Xiaomi responds to SU7 accident late at night! Lei Jun also speaks out: No matter what happens, Xiaomi will not evade Type: Company Sentiment impact: Negative The Xiaomi SU7 high-speed collision and explosion accident resulted in three deaths. Lei Jun responded in a post: No matter what happens, Xiaomi will not evade, we will continue to cooperate with the police investigation and follow the progress of handling the matter. Yesterday, Xiaomi Group's Hong Kong stocks fell by over 5%, and Xiaomi Group's ADR in the US fell by nearly 6%. Investment calendar Volcano Engine AIoT Intelligent Change Wave Conference Investment tips Investment Tips: What two people value more is not losing money, but rather than making money. They never diversify their investments, always buying as much of a single investment as they can. Thiel's "Investment Habits of Buffett and Soros" Editor's view Editor's view: Yesterday, the three major indices surged and then fell, with the biopharmaceutical sector showing strong performance; Haitong suggests that in the context of volatile fluctuations, attention should be paid to dividend assets. Institutional views 1. Haitong: April is an important time point for A-shares, in the context of volatile fluctuations, dividend assets may be worth paying attention to. 2. Shenwan Hongyuan Group: The pressure of decision-making in April has been basically released. In the second quarter, there may be weak volatility, and technology still has an independent market. 3. Orient: The trading volume of the two markets is still not large. Rotation and differentiation will still be the main theme in the future, and short-term participation needs to grasp the rhythm. Positive and negative expectations 1. Highest reward of 1.5 billion! Guangdong accelerates the creation of an industry of artificial intelligence and Siasun Robot & Automation Type: Policy focus China Securities Co.,Ltd.: Breakthroughs in key technologies centered on artificial intelligence are bringing a new wave of industrial innovation. Through a deep comparison and replay of the two market trends, artificial intelligence has now entered the stage of prosperity validation and is expected to become a long-term main theme in the market. 2. Recent surge of price increases in the paper industry! Many giants collectively raise prices by 200 yuan/ton Type: Market hot topic Zhongtai: The turning point of the paper industry's bottom is emerging, considering the marginal changes in pulp supply, the core factors judging the sustainability and magnitude of subsequent price increases lie in the pace of recovery on the demand side, and profits from cultural paper are expected to recover in the first half of 2025. 3. Significant increase in flight and hotel bookings during the Qingming holiday, the industry expects to see the first peak in outbound travel for the spring season Type: Institutional hot review CASC: Government policy incentives and the increase in consumer vitality are expected to further boost the spring and summer tourism market, consumer demands for travel are urgently needed to be released, helping to accelerate the growth of China's tourism economy. Announcement Express Slightly positive announcements 1. Zhejiang Guyuelongshan Shaoxing Wine: Some products are priced higher 2. BYD Company Limited: New energy vehicle sales in March were 377,400 units 3. Ningbo Shenglong Automotive Powertrain System: Received official notice of designation from a well-known domestic flying car company project Slightly negative announcements 1. Lanzhou LS Heavy Equipment Co., Ltd.: The company failed to disclose significant information that should have been disclosed 2. Taier Heavy Industry: The company's controlling shareholder and actual controller, Tai Zhengbiao, has been detained and put under investigation 3. Jiayu Holding: Shenzhen Stock Exchange intends to terminate the company's stock listing Overseas markets Self-selected brother's tip: Trump's retaliatory tariffs will take effect, the three major U.S. indices fluctuated, the S&P rose for the second consecutive day, large tech stocks rose across the board, and Tesla soared by over 3%; most popular Chinese concept stocks rose, with Netease and Pinduoduo rising by over 3%. This article is reprinted from "Tencent Self-Selection Stocks", GMTEight editor: Jiang Yuanhua.