With the first trading day of the Year of the Dragon approaching, investors' expectations for the A** market are heating up. During the Spring Festival, despite the divergence of the world's major stock indexes, Chinese assets showed a strong upward trend. The Hang Seng Index rose nearly 3% during the holiday season, while the Hang Seng Tech Index and the Nasdaq China Golden Dragon Index surged more than 5%, underscoring the attractiveness of Chinese assets.
The central bank maintains stable liquidity
In order to maintain reasonable and sufficient liquidity in the banking system, the People's Bank of China launched a medium-term lending facility (MLF) operation totaling 500 billion yuan on February 18, and at the same time carried out an open market reverse repurchase operation of 105 billion yuan. The winning interest rates remained at 18% and 25% unchanged shows the central bank's determination to keep money market interest rates stable.
Meizu transforms into AI terminal products
Meizu officially announced recently that it will stop the development of new projects for traditional mobile phones and fully transform to AI terminal products. Shen Ziyu, CEO of the company, said in ** that Meizu has significant advantages in software and hardware, and will launch more innovative AI products in the future, but the specific product form has not yet been announced.
The film market is hot, and the box office hits a new high
According to the statistics of the National Film Administration, the box office of Spring Festival movies in 2024 will reach 801.6 billion yuan, and the number of moviegoers was 16.3 billion, an increase of 18 percent over the same period in 202347% and 2636%, both of which hit a record high in the same period. Many films performed well at the box office, among which "Hot and Hot" won 271.8 billion yuan leads the box office list.
The Spring Festival tourism market is booming like never before
The Spring Festival tourism market in 2024 is showing unprecedented prosperity. **Travel data shows that domestic bookings significantly exceeded the same period in 2019, with medium- and long-haul bookings more than tripling year-on-year. Tourists are choosing to go north for a "snow year" or south to "escape the cold", and popular destinations include Harbin, Hainan and other places. In addition, the outbound travel market has also begun to return, with bookings hitting a four-year peak, with Chinese tourists covering 115 countries and regions around the world.