A-share evening hot topics | The Central Committee of the Communist Party of China and the State Council issued a document! Accelerate the construction of an agricultural powerhouse.

The Central Committee of the Communist Party of China and the State Council: Promote independent innovation in the seed industry and make comprehensive breakthroughs Importance: The Central Committee of the Communist Party of China and the State Council issued the "Plan for Accelerating the Construction of Agricultural Power (2024-2035)". It mentions: Promote comprehensive breakthroughs in independent innovation in the seed industry. Thoroughly implement the revitalization of the seed industry, accelerate the realization of independent and controllable seed technology and sources. Strengthen the protection and utilization of germplasm resources, build world-class facilities for national agricultural germplasm resource preservation, identification, creation and gene exploration, and promote exchange and sharing of germplasm resources. Implement joint breeding and genetic improvement plans for livestock and poultry, and accelerate the construction of the Nanfang Silicon Valley. Implement major projects in biological breeding, breed varieties such as high-yield and high-oil soybeans, salt-tolerant crops, and accelerate the industrial application of biological breeding. Improve the protection system for new plant varieties. Strengthen the construction of modern breeding bases, improve major variety support and promotion systems, and source emergency guarantee systems. 2First quarter report forecasts increased stocks Importance: COSCO Shipping Holdings announced that the company's net profit attributable to shareholders of the listed company in the first quarter of 2025 is approximately RMB 11.689 billion, an increase of approximately 73.04% compared to the same period last year. Aluminum Corporation Of China announced on April 7 that it is expected to achieve a net profit attributable to shareholders of the listed company of RMB 3.4 billion to RMB 3.6 billion in the first quarter, an increase of 53% to 63% year-on-year. CRRC Corporation released the "First Quarter 2025 Performance Forecast" after the close of trading on the 7th, stating that it is expected to achieve a net profit attributable to shareholders of the listed company of RMB 2.822 billion to RMB 3.226 billion in the first quarter of 2025, an increase of RMB 1.814 billion to RMB 2.218 billion compared to the same period last year (statutory disclosure data), a year-on-year increase of 180% to 220%. 3"National Team" takes action! Institutions: Most of the time when China Investment Corporation increases its holdings is near market cyclical lows Importance: As the market was approaching the close, a major news suddenly broke. An authoritative person stated that China Investment Corporation is actively conducting market stabilization operations. China Investment Corporation stated that it has once again increased its holdings of exchange-traded open-ended index funds (ETFs) and will continue to do so, resolutely maintaining the stable operation of the capital market. Earlier research reports indicated that based on the effects of the actions of the "national team", most of the time when China Investment Corporation increases its holdings is near market cyclical lows, acting as a stabilizer in a fluctuating environment. Looking back at several rounds of increases, the "national team" has played a role as a market "stabilizer". 4Ministry of Foreign Affairs responds to US so-called tariff retaliation Importance: On the afternoon of April 7, the Ministry of Foreign Affairs held a regular press conference. A reporter asked whether the tariffs imposed by the United States would affect less developed countries and whether China plans to take new action or cooperation? Lin Jian emphasized that the vast majority of countries in the world that believe in fairness and justice will choose to stand on the right side of history and make choices that are in their own interests, jointly opposing various forms of unilateralism, protectionism, and economic bullying. China is willing to work with all parties to uphold true multilateralism, jointly maintain the multilateral trading system with the World Trade Organization at its core, and defend international fairness and justice. 5Tariff Storm Sweeps A-Shares, Three Major Stock Indexes Fall by Over 7%, How Public Securities Companies View the Future Market Importance: On April 7, affected by the tariff war, global stock markets experienced "Black Monday". The three major A-share indexes collectively fell, with the Shanghai Composite Index down 7.34%, the Shenzhen Component Index down 9.66%, the ChiNext Index down 12.5%, and the BSE 50 Index down 17.95%. Over 5,200 stocks in the entire market fell, with over 2,900 stocks hitting their downward limits. Huaan pointed out that today's A-share drop carries a clear release of emotions, with the decline basically matching the overall decline in peripheral markets after the announcement of equivalent tariffs. Therefore, today's market pessimism has been largely released. Market stabilization measures have been put in place, and foreign trade hedging policies are expected to be accelerated, so there is no need to be pessimistic about the current position of A-shares. In terms of direction, it is recommended to continue to look for opportunities along the direction of "previous stagnation, undervaluation combined with potential catalysts". 6Paul Chan Mo-po responds to the impact of US tariffs on Hong Kong stocks: Hong Kong's financial system is quite stable Importance: Paul Chan Mo-po, Financial Secretary of the Hong Kong Special Administrative Region Government, met with the media on the evening of the 7th and stated that US imposition of tariffs is bullying and unreasonable, violating WTO rules. He pointed out that Hong Kong's financial system is quite stable, stock market trading is smooth, and no abnormal behavior affecting the Hong Kong stock market has been observed. The SAR government will work with multiple departments to carry out round-the-clock, coordinated, cross-market monitoring to prevent financial risks. In addition, the SAR government will continue to monitor market changes and provide support to local small and medium-sized enterprises. Paul Chan Mo-po emphasized that the SAR government will maintain Hong Kong's status as a free port and implement a policy of free trade, and the determination to support free trade in Hong Kong will not waver. 7Affected by Trump's tariff policy, global markets shaken, many companies respond to related impacts Importance: Affected by Trump's tariff policy, global markets have been shaken, with A-shares experiencing a sharp decline on April 7, as the Shanghai Composite Index fell below 3100 points. On the investor interaction platform of the Shanghai and Shenzhen Stock Exchanges, many listed companies responded to the "tariff policy" related impacts: Kede Numerical Control: China's imposition of tariffs on the United States has not had an impact on the cost structure of the company's five-axis linkage CNC machine tool products. Ningbo Menovo Pharmaceutical: The increase in US tariffs on China has almost no impact on the company. 1US stocks narrow their losses, with all three major indexes falling by nearly 3% US stocks opened sharply lower, then rebounded slightly, with the Dow, S&P 500, and Nasdaq indexes all narrowing their losses to less than 3% by the time of the report at 22:00. The sharp declines in tech stocks have significantly narrowed, with Tesla down by over 5%, AMD by over 4%, and NVIDIA by over 1%.The Federal Reserve will hold a closed-door meeting on April 7th.According to the official website of the Federal Reserve, the Federal Reserve will hold a closed-door board meeting on Monday. The meeting will be held at 11:30 a.m. Eastern Time on April 7, specifically to review and determine the rates of advance and discount which the Federal Reserve banks charge. This meeting comes at a time when Trump's tariff policy has caused significant adjustments in the US stock market. The market has already fully priced in the expectation of the Federal Reserve cutting interest rates five times this year, with the swap market even showing a 40% probability of an emergency rate cut next week. Expectations for rate cuts are heating up! The market is betting on the Federal Reserve cutting rates five times this year. Despite the potential inflationary pressures from Trump's tariff policies, amidst fears of an economic recession in the United States, the market has fully priced in the expectation of the Federal Reserve cutting rates five times this year. The two-year Treasury yield has dropped to its lowest level since September 2022. According to the overnight rate swap market trends, the market shows pricing that the Federal Reserve will cut rates by 125 basis points by the end of the year, equivalent to five 25-point rate cuts. Just last week, the market was only certain of three rate cuts. Is US Treasury Secretary Beznert marginalized? Tariff decisions are reportedly dominated by Trump's core inner circle. According to media reports citing sources, President Trump's reciprocal tariffs have caused huge tremors in global financial markets, with some trying to seek help from US Treasury Secretary Beznert. However, Beznert plays only a minor role in tariff matters. Reciprocal tariffs are mainly decided by a small part of Trump's core inner circle, with key tariff decisions on the structure even being made at the last minute before Trump announces them. It is reported that on tariff matters, Trump relies more on White House trade advisor Navarro and Commerce Secretary Lutenik. In addition, Trade Representative Grier is also an important member of Trump's core team. In terms of investment opportunities that the market is focusing on, tourism is of interest. 1. Domestic travel data for the Qingming Festival holiday period is out! On April 7th, China's Ministry of Culture and Tourism released data showing that during the three days of the Qingming Festival holiday (April 4th to 6th), there were 126 million domestic trips, an increase of 6.3% year-on-year; total domestic travel expenditure was 57.549 billion yuan, an increase of 6.7% year-on-year. Thousands of securities point out that the Qingming small holiday is over, the tourism market continues to recover, and both domestic and outbound tourism have their highlights. The focus in 2025 will be on expanding domestic demand and boosting consumption. The implementation of consumption promotion policies is expected to increase further. As one of the core drivers of boosting consumption, the service sector in various competition tracks this year will have a good opportunity for revenue growth. The implementation and optimization of the vacation system will continue to drive the tourism market, promoting expanded inbound consumption as a new growth point for the duty-free industry. It is recommended to pay attention to scenic spots and performance companies that have stable business performance and effectively meet personalized and diversified needs. Cinda believes that in the medium to long term, the tourism sector has the logic of high-quality tourism asset securitization and repricing; the 2025 initial consumption policy is based on culture and tourism, and emphasizes the support of culture and tourism for other formats. Service consumption is an important stronghold against deflation, and culture and tourism is the focus of service consumption, long-term logic and policy catalysis resonate, and it is recommended to pay attention to investment opportunities in the culture and tourism, hotel and other sectors. In addition, the following sectors are also worth paying attention to: 2. AI | Sensetime: The large device SenseCore 2.0 is about to be released. 3. Medical devices | Shenzhen: Focusing on high-end medical imaging, medical Siasun Robot&Automation, high-performance implantation instruments and other directions. 4. Real estate | Multi-city floor prices hit new highs, institutions say the "Silver Four" market trend will continue to repair in differentiation. In terms of positive announcements, it is recommended to pay attention to CRRC Corporation's net profit forecast, etc.; for negative announcements, be aware of the risks indicated by the 7-day 6-board Hunan Kaimeite Gases, etc.