CHINA'S CSRC: SOME RED-CHIP FIRMS NOTIFIED TO DISMANTLE STRUCTURES

Samsung Electronics: Will reduce its holdings of shares worth 395 billion won.

Domestic News 1. Ministry of Finance: A more proactive fiscal policy will continue to be implemented in 2026. 2. National Energy Administration: Total electricity consumption increased by 6.1% year-on-year in January-February 2026. 3. National Development and Reform Commission launches a new batch of major foreign investment projects with a planned investment of US$13.4 billion. 4. Ministry of Foreign Affairs: The US has clarified that Trump's visit to China is unrelated to the Strait of Hormuz navigation issue. International News 1. "Federal Reserve mouthpiece": The Federal Reserve tends to remain silent this week, with recent shocks being a two-way factor. 2. Reserve Bank of Australia narrowly approved a 25 basis point interest rate hike, warning of upward inflation risks. 3. Energy Situation—① White House economic advisor: Oil tankers "have begun sporadic passage" through the Strait of Hormuz. ② Iran launches its first attack on upstream oil and gas facilities in the UAE. ③ Iraq resumes oil exports to Turkey's Ceyhan port starting Wednesday. ④ US government plans to ease sanctions on Venezuela to cope with soaring oil prices. ⑤ Iraq is negotiating with Iran, hoping to allow oil tankers to pass through the Strait of Hormuz. 4. Situation in Iran— ① The Secretary of Iran's Supreme National Security Council, Larijani, and the leader of the Basij militia have died. Iran has designated several replacements for key national positions. ② Iran's Supreme Leader rejected a peace proposal with the United States, insisting on defeating the US and Israel and demanding reparations. ③ The director of the US National Counterterrorism Center resigned, stating that he could not support the war against Iran against his conscience. ④ Ukraine has sent more than 200 counter-drone experts to the Middle East. ⑤ Trump: We are not ready to end the conflict yet, but "we will be leaving in the near future." ⑥ Invitation to allies to participate in escort missions was met with a cold reception. Trump stated: The US no longer needs them and is considering withdrawing from NATO. Starmer is not Churchill, and Macron will soon step down.