Public Outcry as Social Media Platforms Fail to Curb Misinformation

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**Stock Market Surge: Key Indices Rally Over 5%, Trading Volume Hits 1 Trillion Yuan** *February 25 – Major markets experienced a strong rally today as key indices surged more than 5%, with total trading volume breaking through 1 trillion yuan. This marks the highest trading volume since 2016 and the first time it has reached this milestone since 2015. According to Wind data, the previous peak since 2016 was 902.42 billion yuan, while in 2015 it hit 2.35 trillion yuan. With increasing optimism around a potential bull market, external capital is flooding into the market. Over 250 stocks reached the daily limit-up price, with the financial sector leading the charge. All 42 brokerage stocks hit their limit-up, while major firms like Ping An Insurance and CITIC Securities saw trading volumes surpass 10 billion yuan. Huawei-related stocks, driven by the recent launch of their 5G foldable phone, also saw significant gains, with BOE Technology Group hitting the limit-up and Eastern Communications achieving its 10th consecutive limit-up. Across the market, sectors such as futures, internet insurance, domestic software, AI, and rare earth magnets were among the top performers, while sectors like pork, poultry, and ST stocks showed more moderate growth, each gaining over 1%. By the close, the Shanghai Composite Index stood at 2961.28 points (+5.60%), the Shenzhen Component Index at 9134.58 points (+5.59%), and the ChiNext Index at 1536.37 points (+5.50%).* **Key Sectors:** 1. **Financial Stocks:** Financial stocks were in high demand, with the brokerage sector once again hitting the limit-up. All 42 brokerage stocks reached their daily price limit. The insurance sector surged by 9%, with companies like Baode Co. (300023), Yuexiu Financial, China Life, and New China Life Insurance (601336) hitting their limit-up. The banking sector also saw a rise of over 7%, with Zijin Bank, Wuxi Bank, Changshu Bank, Changsha Bank, and Qingdao Bank hitting the limit-up. 2. **Huawei Concept Stocks:** Driven by Huawei’s latest product launch, Huawei-related stocks soared. Nearly 20 stocks hit their limit-up, including Changshan Beiming, Chunxing Precision (002547), YinXin Technology (300231), Ehua Stock, Longhua Technology, and Shudian Stock (002463). Huawei’s launch of its first 5G phone, Mate X, priced at 2299 euros (8GB + 512GB version), sparked strong interest. The phone is expected to be released in mid-2019. **Market News:** 1. The China Securities Regulatory Commission’s website revealed that China Europe Fund and China Merchants Fund submitted registration applications for mixed securities funds focused on science and innovation. To date, eight fund companies have applied to launch public funds targeting the new Sci-Tech Innovation Board. 2. Hainan announced plans to ban all single-use non-degradable plastic products by the end of 2020. 3. The China Banking and Insurance Regulatory Commission issued a letter on February 25 regarding the recent state of the car insurance market. Since the beginning of the year, 24 branches of insurance companies have been barred from offering commercial auto insurance due to violations including illegal cashback, misappropriation of fees, and inaccurate expense data. 4. Guizhou Province commenced a major infrastructure development initiative, with a total investment of 83.8 billion yuan. 5. Shenwan Lingxin's Shenwan Securities Fund underwent an upward adjustment, the first such adjustment in nearly nine months. **Market Outlook:** Analysts at Guangzhou Wanlong believe that the market has shifted from an initial phase where marginal macroeconomic improvements attracted savvy investors to a stage where the rapid gains are luring in more followers. The early phase was marked by a preference for undervalued, high-quality stocks, while the current phase sees the most eye-catching sectors gaining the most attention.