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VAT rate jumps by 3 points! The three major operators face short-term pressure—can new quality productive forces break the dilemma in the long term?

VAT rate jumps by 3 points! The three major operators face short-term pressure—can new quality productive forces break the dilemma in the long term?

I. What happened? The "Announcement on Specific Matters Regarding the Scope of VAT Collection" (Ministry of Finance and State Administration of Taxation Announcement No.9 of 2026), issued on January 30, 2026, is a major fiscal and tax policy adjustment in the telecommunications industry in recent years. The

Major breakthrough in lithium batteries! Musk: Tesla achieves mass production of dry electrode batteries.

Major breakthrough in lithium batteries! Musk: Tesla achieves mass production of dry electrode batteries.

``` Tesla CEO Elon Musk has confirmed that the company has overcome key technological bottlenecks in lithium battery manufacturing and has successfully achieved large-scale production of dry electrode technology. Musk called this breakthrough a "major advancement" in lithium battery production technology, marking a significant step forward for the electric

After the "epic shock" in gold and silver, is it time to bottom fish?

After the "epic shock" in gold and silver, is it time to bottom fish?

``` The precious metals market continued Friday's downward trend on Monday, with spot silver plunging 7% in a single day and spot gold falling 4.7%, once breaking below the $4,500 threshold. The current situation is very clear: profits are being taken, and leveraged funds are being forcibly

Research Report on Asia’s Largest Property Insurance Giant: Systematic Deployment in Investment in Sci-Tech Enterprises

Research Report on Asia’s Largest Property Insurance Giant: Systematic Deployment in Investment in Sci-Tech Enterprises

As the core asset management platform of the largest property insurance group in Asia—the People’s Insurance Company of China (PICC) Group—PICC Asset Management Co., Ltd. (PICC Asset Management) has long ranked among the industry’s leaders in asset management scale, and its investment trends are regarded as

The market is worried about the Fed restarting QT? But the real tool might be SOMA.

The market is worried about the Fed restarting QT? But the real tool might be SOMA.

Trump’s nomination of Kevin Warsh as the next Federal Reserve Chair has sparked market concerns about the shrinking of the balance sheet. Although Warsh is known for his hawkish stance on the balance sheet, Citi believes the likelihood of a full restart of QT (Quantitative Tightening) is low. Citi

Oracle is about to collapse? Banks stop lending, stock price halved, Sunday refinancing of 50 billion to "stay alive"

Oracle is about to collapse? Banks stop lending, stock price halved, Sunday refinancing of 50 billion to "stay alive"

``` Oracle is currently caught in a liquidity crisis. On Sunday, it announced plans to raise $45–50 billion this year to expand its AI data centers. Previously, several investment banks had warned that it could run out of cash as early as the end of 2026. Meanwhile, its share price

How is this round of the "gold rush" different from that in 2013?

How is this round of the "gold rush" different from that in 2013?

The gold jewelry retail market is experiencing a transformation under the severe volatility of gold prices, a situation both similar to and different from the "gold rush" of 2013. On February 2nd, Guosen Securities stated in its latest report that the current wave differs essentially from 2013. **In