A-share evening hot topic | Major breakthrough! China's first original nuclear drug approved, is it a good opportunity to go long in the pharmaceutical sector?

1. Global Panic Index Soars, Oil Prices Spike 13%, Gold and Silver Plunge, US Stocks Plummet On April 2, the VIX panic index rose to 26.61 points, an increase of over 8%. As of 21:38, international crude oil prices surged, with WTI crude oil up over 13% to $113.21 per barrel, and Brent crude oil up over 8% to $109.281 per barrel. Gold and silver both plummeted, with spot gold down over 3% and spot silver down over 7%. The three major US stock indexes fell, with the Dow down 1.39%, Nasdaq down 2.11%, and S&P 500 down 1.50%. On April 1, the United Nations Conference on Trade and Development released an assessment report stating that the Strait of Hormuz is currently still effectively blocked, exacerbating global economic pressure. The report shows that as a key channel for global energy trade, activity in the Strait of Hormuz has nearly come to a standstill, with ship transits dropping from around 130 ships in February to only 6 ships in March, a decrease of about 95%. If the "blockade" continues or intensifies, and energy infrastructure is damaged, it could lead to long-term high energy prices, thus bringing sustained inflationary pressure. 2. Major Breakthrough! China's First Original Nuclear Medicine Approved, Opportunity for Pharmaceutical Sector? On April 2, the 1st class innovative nuclear medicine "Technetium [99mTc] Pentetreotide Injection" (trade name: Guyantai) developed by Ruiadio, an innovative nuclear medicine company invested in by Qingdao Baheal Medical INC. Group, and its controlling shareholder Jimunter, has been officially approved for listing by the National Medical Products Administration. On the market front, this marks that China's local innovative forces are driving the "blue ocean" map of nuclear medicine, traditionally dominated by multinational giants such as Novartis, Bayer, and AstraZeneca. Securities pharmaceutical industry analysts said that this event signifies that Chinese nuclear medicine is officially stepping out of the "copycat follow-up" comfort zone and opening a new chapter of "original leadership." The nuclear medicine market is transitioning from a "duopoly" monopoly to an "innovation stratification" stage. Guolian Minsheng Securities believes that innovative drugs may have reached a bottom, with potential for sustained recovery in the medium to long term. The confirmation of profit inflection points brought by the annual reports of biotechnology companies and biopharmaceutical enterprises, the continuous validation of the logic of "independent innovation + globalization" of innovative drugs. 3. MIIT: Promote the Application and Deployment of All-Optical Switching Technology to Reduce Network Latency from Terminal to Server The Office of the Ministry of Industry and Information Technology issued a notice on carrying out a special action to empower small and medium-sized enterprises with universal computing power. It emphasizes strengthening the support capability of the fusion of computing and networks. Thoroughly conduct the "millisecond computation" special action in urban areas, expand the coverage of 1-millisecond latency circles in urban areas. Enhance the network's support capability for computing services, eliminate the "last mile" network and computing access bottlenecks, reduce the latency of computing access for small and medium-sized enterprises. Encourage basic telecommunications companies to launch customized computing network integration packages to provide elastic and inclusive computing network services. Improve the layout of regional computing access networks for digital transformation pilot cities for small and medium-sized enterprises, characteristic industry clusters of small and medium-sized enterprises, innovative industry clusters, and advanced manufacturing industry clusters, promote the extension of all-optical switching technology applications to industry parks and other user sides. Promote the application and deployment of all-optical switching and other technologies to reduce the network latency from computing application terminals to servers, enhance application interaction experience. 4. Trump Encourages 'Grabbing Oil' in the Strait of Hormuz, China Makes Statement Foreign Ministry spokesperson Mao Ning presided over the routine press conference on April 2. A foreign journalist asked about US President Trump's suggestion in a speech for some countries to directly "grab oil" in the Strait of Hormuz. China's response to this was that the root cause of the navigation blockade in the Strait of Hormuz is the illegal military actions of the United States and Israel against Iran. Only by stopping the fighting and achieving peace and stability in the Gulf region can the security and smooth navigation of international waterways be fundamentally maintained. All parties should work together to cool down the situation and prevent regional turbulence from causing greater impact on the global economy and energy security. 5. State Council Food Safety Office and Three Departments Hold Talks with Platforms such as Douyin, Taotian, and Xiao Hong Book On April 2, the State Council Food Safety Office, the State Administration for Market Regulation, and the General Administration of Customs held talks with the three platform companies, Douyin, Taotian, and Xiao Hong Book, concerning the issues of illegally marketing imported health products such as "Yousiyi" by cross-border e-commerce. The platform companies were required to strictly comply with the relevant laws and regulations such as the Anti-Unfair Competition Law of the People's Republic of China, the Law on the Protection of Consumer Rights and Interests of the People's Republic of China, and the Food Safety Law of the People's Republic of China, strictly implement their main responsibilities, strengthen the review and control of cross-border e-commerce companies within the platform, strengthen the management of on-sale products within the platform, increase efforts in handling negative information, keep consumer consultation, complaints, and reporting channels open, effectively safeguard consumer rights and interests, and promote the healthy, stable, and sustainable development of the industry. 6. Share Reaches 20%! Huawei Becomes the Biggest Winner in Domestic Chip Replacement, Nvidia Drops to 55% It has been reported that the Chinese AI chip market structure is being reshaped, with local manufacturers rapidly increasing their market share, continuously challenging Nvidia's long-standing dominance. Data from the report shows that by 2025, the total shipment of AI accelerators in the Chinese market will reach about 4 million units. Among them, although Nvidia still maintains its market leading position with a shipment of about 2.2 million units, accounting for 55% of the market share, its leading advantage is significantly narrowing. In contrast, Chinese local manufacturers collectively shipped about 1.65 million units, successfully capturing over 40% of the market share. Among the Chinese manufacturer camp, Huawei has become the undisputed leader, with an AI chip shipment of about 812,000 units, securing nearly 20% of the domestic market share. Alibaba's semiconductor company Pingtouge closely follows, with a shipment of around 265,000 units, demonstrating the strong strength of internet giants in the underlying hardware field. Baidu's Kunlun core and Cambricon jointly rank third in shipment volume, each with a shipment of about 116,000 units. 7. Involving China-US Economic and Trade Relations, Meta Acquisition of Manus, the Ministry of Commerce Speaks Out On April 2, the Ministry of Commerce held a routine press conference. When asked about China-US economic and trade relations, the spokesperson of the Ministry of Commerce, He Yadong, stated that China and the US should implement the important consensus of the two countries' leaders and the results of previous economic and trade consultations, further play the role of the Sino-US economic and trade consultation mechanism, strengthen dialogue and communication, properly manage differences, expand pragmatic cooperation, and promote the healthy, stable, and sustainable development of China-US economic and trade relations. In addition, a journalist raised the issue of what measures China would take regarding Meta's acquisition of Manus and related questions about multinational business operations. In response, He Yadong stated that the Chinese government supports companies in conducting cross-border operations and technological cooperation as needed, and relevant actions should comply with Chinese laws and regulations and follow statutory procedures. 8. "Interest Rate Reduction Wave" Returns! Several Banks Lower Deposit Product Rates With the end of the first quarter, the phase of deposit mobilization by banks also came to an end. Recently, several small and medium-sized banks have issued announcements lowering the deposit product rates, and some banks have lowered short-term deposit product rates twice in under a week, reigniting the "interest rate reduction wave" and attracting widespread attention. According to China Fund News, industry insiders believe that the banks' repeated lowering of deposit product rates is mainly to reduce borrowing costs and stabilize net interest margins. The follow-up deposit interest rates may present a trend of "stabilizing and trending downwards." In a low-rate environment, faced with pressure such as "deposit migration," banks can actively respond by optimizing the debt structure, strengthening wealth management, and other measures. 9. Reportedly, Zhongji Innolight Has Secretly Submitted Documents to the Hong Kong Stock Exchange, Planning to Raise at Least $3 Billion According to media reports citing informed sources, Chinese optical communication module manufacturer Zhongji Innolight has secretly submitted an application for listing on the Hong Kong Stock Exchange, which may become one of the largest IPOs in Hong Kong this year. Prior sources had indicated that Zhongji Innolight plans to raise at least $3 billion through this IPO. The relevant preparations are still in progress, and details such as the offering size and listing time have not been finalized. Zhongji Innolight did not respond to requests for comment. In terms of opportunities for investments that the market is focused on, the article mentions areas such as the chemical industry, digital currency, cement, computing power, chips, and more.