Interpretation of the events in early February 2026 1. Technology: China's AI multimodal technology leads the way comprehensively ByteDance Seedance 2.0 was officially released, realizing native audio and picture synchronization, multi-mode input, and film level video generation. It is known as the world's strongest AI video model in the industry, marking that China's AI video has officially entered the era of industrialization. Analysis: AI is no longer a "toy", it directly rewrites the production of film, television, short dramas, advertisements, and game content, greatly improving efficiency and reducing costs, making it the main technology trend this year. 2. At the national level, emphasis is placed on independent controllability and technological innovation Senior officials inspected the Xinchuang Park and clarified that independent core technologies and secure industrial chains are the national strategic directions; Optimizing refinancing in the capital market, with a focus on supporting technology and innovative enterprises. Analysis: At the beginning of the 15th Five Year Plan, technological independence and domestic substitution are the long-term strongest policy directions. 3. International: The ongoing technological game between China and the United States The United States adjusts its chip tariff policy while restricting and protecting its own AI development; The large-scale military exercises between the United States and Japan have led to a tense geopolitical situation in the Asia Pacific region. Analysis: External pressure persists for a long time, and independent innovation and safety controllability are more certain. 4. Economy and Market: Stable Growth+Structural Differentiation The central bank continues to increase its holdings of gold, enhancing the safe haven nature of RMB assets; A-shares cultural media, AI applications, and low altitude economy are strengthening, while US tech stocks are making short-term adjustments. Analysis: Funds prefer AI applications that can land quickly and make money, rather than pure concepts. 5. Industry: Two major trends of AI video and low altitude economy Seedance 2.0 ignites the content industry; Five departments are promoting the construction of low altitude economic networks, and the trillion dollar track is launched. Analysis: AI content industrialization and low altitude economy are the most certain industry dividends this year. 2、 3 Most Practical Actions/Decision Suggestions 1. Focus on: Prioritize betting on opportunities related to AI multimodal applications, AI videos, short dramas, and content industrialization. 2. Long term mainline: Information and innovation, independent and controllable, and hard technology are dual supports of policies and industries, suitable for long-term layout. 3. Risk Reminder: Stay away from strictly regulated areas such as virtual currencies and be cautious in pursuing high-purity themes for speculation.