Weekend News Summary: The State Council discusses policies to promote effective investment; Dow Jones Industrial Average first surpasses 50,000 points

The important market-moving news over the weekend includes: the State Council’s executive meeting studying policies to promote effective investment, with in-depth planning to advance a number of major projects and key engineering initiatives; eight departments jointly issuing a document to further prevent and address risks related to virtual currencies; the central bank increasing its gold holdings for the 15th consecutive month; the CSRC releasing the “Regulatory Guidelines for Domestic Asset-Backed Securities Tokens Issuance Abroad”; the Ministry of Industry and Information Technology organizing the construction of national computing power interconnection nodes; the public consultation on national standards for pre-made dishes, which must not use preservatives and should have a shelf life of no more than one year; the Dow Jones Industrial Average rising over 2%, surpassing 50,000 points for the first time, Nvidia climbing nearly 8%.

Macroeconomics

State Council Executive Meeting: Studying Policies to Promote Effective Investment and Planning Major Projects and Engineering Initiatives

On February 6, Premier Li Qiang presided over an executive meeting of the State Council, reviewing the report on the handling of suggestions from NPC deputies and proposals from the CPPCC, studying policies to promote effective investment, and deploying revisions to the “Ambient Air Quality Standards” and discussing the “Draft Amendment to the Law of the People’s Republic of China on Bidding and Tendering.”

Full State Council Meeting Discusses Draft Government Work Report and the 14th Five-Year Plan Outline

Li Qiang emphasized the need to combine long-term and short-term goals, solidly promote high-quality development, strengthen the connection between annual work and five-year plans, and implement medium- and long-term objectives into yearly deployments. Focus should be on overall planning and targeted breakthroughs, with high-quality development of specialized plans across sectors, and in-depth planning and implementation of major initiatives and projects, especially in developing new productive forces, strengthening the domestic cycle, and increasing residents’ income. Emphasis on forward-looking layout, practical steps, and continuously shaping new development advantages to lead future growth.

Eight Departments Jointly Issue Document: Further Prevent and Address Risks Related to Virtual Currencies

Virtual currencies do not have the same legal status as fiat currency. Cryptocurrencies like Bitcoin, Ethereum, and Tether are characterized by issuance outside monetary authorities, use of encryption technology and distributed ledgers or similar tech, existing in digital form, but they lack legal tender status and should not and cannot circulate as currency in the market.

Central Bank Continues to Increase Gold Holdings for the 15th Month

The central bank announced that as of the end of January 2026, China’s gold reserves stood at 74.19 million ounces, up from 74.15 million ounces at the end of December 2025, marking the 15th consecutive month of gold accumulation. As of January 2026, China’s foreign exchange reserves totaled $3.3991 trillion, an increase of $41.2 billion from December 2025, a 1.23% rise.

Global Markets

Dow Jones Rises Over 2%, First Time Surpassing 50,000 Points Nvidia Gains Nearly 8% A50 Futures Up Over 1%

On February 6, the three major US stock indices closed higher across the board. The Dow rose over 2%, surpassing 50,000 points for the first time. The Dow Jones Industrial Average increased by 1,206.95 points to close at 50,115.67, up 2.47%; the S&P 500 gained 133.9 points to close at 6,932.3, up 1.97%; the Nasdaq Composite rose 490.62 points to close at 23,031.21, up 2.18%.

Global Highlights Next Week: Software Stocks Face Testing After Sell-Off, US Non-Farm Payrolls and Inflation Reports to Be Released

After a vigorous rebound in risk assets on Friday, next week’s key focus remains on the software sector, silver, cryptocurrencies, and other highly volatile assets, as well as whether the flow of funds into cyclical/value stocks can continue. In comparison, the S&P 500 Software and Services Index plunged 15% over more than a week, while the Dow, driven by cyclical stocks and Nvidia, closed above 50,000 points for the first time on Friday.

Trump Signs Executive Order Imposing Tariffs on Countries Engaging in Trade with Iran

On February 6, local time, the White House issued a statement saying that President Trump signed an executive order imposing tariffs on countries that trade with Iran. The statement noted that from the effective date of this order, additional ad valorem tariffs, such as 25%, may be levied on imported goods from countries that directly or indirectly purchase, import, or otherwise obtain goods and services from Iran.

Financial Capital

CSRC Releases Regulatory Guidelines for Domestic Asset-Backed Securities Tokens Issuance Abroad

On February 6, the China Securities Regulatory Commission published the “Regulatory Guidelines for Domestic Asset-Backed Securities Tokens Issuance Abroad,” effective immediately. The guidelines define domestic asset-backed securities tokens issued abroad as activities that use domestic assets or related rights to generate cash flows as repayment support, utilizing encryption technology and distributed ledgers or similar tech, issuing tokenized rights certificates overseas.

CSRC Reports on On-Site Inspection of First-Listed Companies in 2025

On-site inspections of initial public offering applicants are a crucial part of full-chain IPO regulation, aimed at encouraging issuers and intermediaries to strengthen quality awareness, improve application quality, and promote a robust capital market foundation. In 2025, the CSRC focused on risk prevention, strengthened regulation, and high-quality development, maintaining regulatory responsibilities, strictly controlling market entry, and balancing investor protection with institutional inclusiveness. A total of 16 randomly selected companies and 4 issue-related companies were inspected, including 8 mainboard firms, 9 STAR Market firms, and 3 ChiNext companies.

Strict Regulation of Issuance and Underwriting! Shanghai and Shenzhen Exchanges Release Key Points

New rules have been introduced for issuance and underwriting. On February 6, the Shanghai and Shenzhen stock exchanges revised the “Guidelines for the Application of the Securities Issuance and Underwriting Rules No. 2—Regulation of Violations in Issuance and Underwriting” and the “Guidelines for Issuance and Underwriting Business No. 3—Regulation of Violations in Issuance and Underwriting” (collectively referred to as the “Regulation of Violations in Issuance and Underwriting”).

Guotou Ruixin Fund: Established Working Group to Actively Address Silver LOF Fund Investors’ Concerns

On February 6, in response to recent market controversies surrounding Guotou Silver LOF, Guotou Ruixin Fund announced that it has formed a working group to promptly develop relevant plans and support investors in resolving their claims through settlement, mediation, arbitration, or other legal channels.

Industrial Economy

Ministry of Industry and Information Technology: Organizing the Construction of National Computing Power Interconnection Nodes

Implementing the new development philosophy comprehensively and accurately, strengthening top-level design, focusing on national hub nodes, major strategic regions, and key industries to build computing power interconnection nodes, establishing a system of interconnected nodes, improving the efficiency and service level of public computing resources, and promoting high-quality development of computing power.

National Standard for Pre-Made Dishes Public Consultation: No Preservatives Allowed, Shelf Life Should Not Exceed One Year

The National Health Commission released the “National Food Safety Standard for Pre-Made Dishes” (Draft for Comments), inviting public feedback. The standard aims to ensure consumer health and guide high-quality development of the pre-made dish industry, with specific regulations on food safety and nutritional health.

Good News! Major Breakthrough in Commercial Spaceflight with Successful Launch

Exciting news from China’s commercial space sector. On February 7, at the Jiuquan Satellite Launch Center, a Long March 2F carrier rocket successfully launched a reusable experimental spacecraft. Analysts suggest that with the successful verification of reusable spacecraft technology by 2026, commercial spaceflight is expected to enter a phase of frequent launches and normalization.

Company Focus

CSRC: Investigation Launched into Yahui Long for Alleged Misleading Statements in Announcements

On January 7, 2026, Shenzhen Yahui Long Biotechnology Co., Ltd. (Yahui Long) disclosed an announcement about signing a strategic cooperation framework agreement, which allegedly contained misleading statements. The CSRC has now initiated an investigation into Yahui Long. Further actions will be taken based on a comprehensive investigation to safeguard market health.

*SSE: Focused Monitoring of ST Zhengping, Guosheng Technology, and Tianpu Shares This Week

This week, the Shanghai Stock Exchange took regulatory measures against 160 cases of abnormal securities trading, including pump-and-dump and false reporting. It issued delisting warnings for stocks with abnormal fluctuations such as *ST Zhengping, and closely monitored stocks like Guosheng Technology and Tianpu Shares with significant abnormal movements. It also conducted special inspections on 11 major corporate events and reported one suspected illegal case to the CSRC.

SZSE: Focused Monitoring of Recent Abnormally Volatile Stocks JiaMei Packaging and FengLong Shares

From February 2 to February 6, 2026, the Shenzhen Stock Exchange took regulatory measures against 233 cases of abnormal securities trading, involving intraday pump-and-dump and false reporting. It focused on monitoring stocks like JiaMei Packaging and FengLong Shares with recent abnormal price movements, conducted investigations into 8 major corporate events, and reported 4 suspected illegal cases to the CSRC.