Domestic News
1. Government Work Report: Deepen the rectification of "involutionary" competition.
2. The Government Work Report proposes the main expected development targets for 2026: economic growth of 4.5%-5%, striving for better results in practice; consumer price index increase of around 2%, etc.
3. Government Work Report: Continue to implement a moderately loose monetary policy.
4. The draft outline of the 15th Five-Year Plan proposes to implement a ten-year doubling action for non-fossil energy.
5. Ministry of Foreign Affairs: China will send Zhai Jun, China's special envoy on Middle East issues, to visit the Middle East in the near future to make positive efforts to de-escalate tensions.
6. Wu Qing, Chairman of the China Securities Regulatory Commission: Respond to questions related to capital market reform and development at a press conference on the afternoon of March 6.
7. March 6 Two Sessions Schedule Preview: Deliberation and discussion of the Government Work Report; Review and discussion of the draft outline of the 15th Five-Year Plan.
8. People's Bank of China: On March 6, 2026, the People's Bank of China will conduct 800 billion yuan of outright reverse repurchase operations through fixed-quantity, interest rate bidding, and multiple-price bidding, with a term of 3 months (91 days).
International News
1. Japanese investors sold off the largest amount of overseas bonds since 2024 last month.
2. Peskov: Russia remains open to negotiations on the Ukraine issue and looks forward to the next round of talks.
3. Initial jobless claims in the US for the week ending February 28 reached 213,000, a new high since the week ending February 7, but lower than the market expectation of 215,000.
4. Gold News—① US media: US officials facilitated a 1,000 kg gold deal between the US and Venezuela. ② World Gold Council: Global gold ETFs saw net inflows of $5.3 billion in February. ③ Sources: The Polish central bank intends to sell its gold reserves to fund defense programs. ④ ECB Governing Council member Nagel: He does not believe it is necessary to repatriate German gold from New York.
5. Energy Situation – ① Turkish Finance Minister: To mitigate the impact of oil price shocks, a temporary fuel price floating mechanism has been activated. ② Sources: Japanese refineries have requested the government to utilize national oil reserves. ③ Indian state-owned refiner MRPL refuted reports of force majeure affecting exports. ④ Kuwait National Oil Company has shut down its Mina Abdullah refinery with a daily processing capacity of 454,000 barrels.
6. Middle East Conflict – ① Iran: Iranian Deputy Foreign Minister Ravanchi stated that Iran has not yet elected a new Supreme Leader; it is prepared to abandon its nuclear program provided the United States offers a satisfactory alternative; senior Iranian military officials stated that the Strait of Hormuz has not been blocked; in wartime, Iran will control the right of passage through the Strait of Hormuz; Iranian air defense forces shot down a US F-15 fighter jet in the Alborz Mountains. ② US Media: The US government is not prepared for an escalation of the war with Iran, and for the first time called for the deployment of additional intelligence personnel for 100 days of preparation; the US Secretary of Defense admitted that Iranian drone offensives are more difficult to counter than anticipated. ③ Lebanese sources say that Hezbollah elite fighters have returned to southern Lebanon to fight against Israeli forces.
