Domestic News
1. The People's Bank of China: Firmly uphold the stable operation of financial markets such as stocks, bonds, and foreign exchange.
2. Domestic airlines collectively raise fuel surcharges, with some prices doubling.
3. The China Securities Regulatory Commission (CSRC) holds a symposium with investment institutions on the "15th Five-Year Plan" for the capital market.
4. Wang Yi speaks with the British Foreign Secretary by phone, exchanging views on the situation in the Middle East.
5. The Ministry of Commerce: Continue to leverage the China-US trade consultation mechanism and strengthen dialogue and communication.
6. The State Administration for Market Regulation: Intensify efforts to break down local protectionism and market segmentation, and thoroughly rectify "involutionary" competition.
7. The Ministry of Industry and Information Technology and two other departments: Accelerate efforts to address shortcomings in areas such as automotive chips and basic software, and promote the expansion of application scale.
8. Pan Gongsheng meets with Paul Chan, and the two sides exchange views on common issues such as deepening the interconnection between the mainland and Hong Kong financial markets. 9. Ministry of Finance: National general public budget revenue for January-February 2026 was 4.4154 trillion yuan, a year-on-year increase of 0.7%; securities transaction stamp tax was 49.9 billion yuan, a year-on-year increase of 110%.
International News
1. The European Central Bank, as expected, kept its three key interest rates unchanged and raised its inflation forecast.
2. Both Russia and Ukraine called for the resumption of the trilateral talks between Russia, the US, and Ukraine, which were suspended due to the Middle East situation. The US and Ukraine will hold talks on the 21st first.
3. Samsung Electronics plans to invest at least 110 trillion won in R&D and infrastructure construction by 2026.
4. US regulators plan to relax capital requirements for major banks, lowering the capital adequacy ratio by 4.8%, potentially releasing billions of dollars.
5. The Bank of Japan kept its interest rate unchanged at 0.75% for the second consecutive meeting, mentioning concerns about the impact of rising oil prices.
6. As of this morning, the interest rate futures market is pricing in a 5.5 basis point rate cut by the Federal Reserve this year, and bets on a rate hike have begun to emerge.
7. The Bank of England unanimously voted to maintain interest rates, opening the door to a possible rate hike. The Bank of England Governor urgently attempted to cool expectations of a rate hike.
8. Overnight Market Updates—Spot gold and silver fell over 3%, WTI crude oil fell 4.5%, Brent crude oil fell nearly 3%, the US dollar fell 1%, US Treasury bonds rose 2 basis points in 2-year terms, and the three major US stock indices closed slightly lower.
9. Energy Situation—① Qatar's LNG facility was attacked, resulting in a 17% loss in annual exports. ② Netanyahu: Israel will suspend attacks on Iran's main gas field. ③ Trump: The US and Qatar were unaware of Israel's attack on Iran's South Pars gas field. Israel will not attack the field again, and if Iran decides to continue attacking Qatar, it will destroy the field. ④ US Energy Secretary: The US has no plans to impose restrictions on crude oil exports. ⑤ Bessant: Sanctions on Iranian offshore oil may be lifted in the coming days, or strategic oil reserves may be released again. There will be no attack on Iranian energy facilities. ⑥ Russian Energy Ministry: A preventative fuel export ban may be implemented. ⑦ Six countries issued a joint statement: prepared to take measures to ensure the security of the Strait of Hormuz.
10. Iran Situation—① A senior US official admitted that the US and Israel had different war objectives. ② A US F-35 fighter jet made an emergency landing after being suspected of being hit by Iranian fire. ③ The US replenished the losses of three Middle Eastern countries and approved a $16.5 billion arms sale. ④ Iranian lawmakers said they planned to impose a toll on passage through the Strait of Hormuz. ⑤ The US Secretary of Defense confirmed that he had requested the White House to approve a $200 billion funding request.
