A-shares strengthen, the ChiNext Index rises by more than 1%! The micro-cap index is up more than 2%, the North Growth 50 is up more than 2%, nearly 4,300 stocks are advancing, the computing power concept is active, and Zhongke Shuguang posts two consecutive daily limit-ups.

February 28 | Major A-share indices strengthen, the ChiNext Index rises over 1%, the Shanghai Composite up 0.22%, the Shenzhen Component up 0.71%.
Artificial meat, weight loss drugs, securities, and state-owned enterprises led the gains, with nearly 4,300 stocks in Shanghai, Shenzhen, and Beijing rising.

Tonghuashun (300033) micro-disk index up over 2%, Beisheng 50 up over 2%.
　　A-share brokerage stocks opened strong, Western Securities (002673) hit the 3rd limit-up in 4 days, Huachuang Yunxin, Cinda Securities, Changjiang Securities (000783), Southwest Securities (600369), Founder Securities (601901), and others followed the rally.
　　A-share gaming stocks performed strongly, with Ciyun Media (002343) hitting the daily limit, Zhongqingbao (300052), Huayi Brothers (300027), Xunyou Technology (300467) up over 5%, Tianzhou Culture (300148), Kaiying Network (002517), Shifeng Culture (002862), Caesar Culture (002425), and others also gaining. 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-share computing power concept stocks fluctuated actively, Sugon (中科曙光) hit two consecutive limit-ups, Runjian Shares (002929), Unigroup (紫光股份) (000938), Zhongqingbao, Cambrian, Zhongbei Communications (603220), and others rose over 5%.
　　Zhejiang Securities (601878) believes that generative AI is expected to bring a leap in social productivity, marking the start of the “Fourth Industrial Revolution,” and the foundation of industrial development is abundant, low-cost computing power supply. From this perspective, vigorously developing domestic computing power in China is imperative.

Hydrogen energy sector was active early in the day, Compton (603798), Hongtao Shares (002325), Yinglite (000635) hit the daily limit-up, Hanma Technology also reached the limit-up, and many stocks like New Power (310328), Zhongtai Shares (300435), Shenghui Technology, Houpu Shares (300471) rose over 5%.
　　On the news front, the China Hydrogen Energy Alliance Research Institute statistics show that in the 2024 local two sessions, 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 stocks in the tech sector strengthened, with the Hang Seng Tech Index’s gains expanding to over 1%.

(Editors: Song Zheng HN002)