Domestic News
1. Vice Premier He Lifeng, the Chinese lead negotiator for the China-Canada Economic and Financial Strategic Dialogue, met with Canadian Finance Minister François-Philippe Champagne, the Canadian co-lead negotiator, in Beijing on the afternoon of April 3.
2. The State Financial Regulatory Commission (SFC) announced plans to promote the construction of a financial service system adapted to the financing needs of future industries throughout their entire lifecycle and to steadily and orderly advance the pilot application of artificial intelligence in the financial industry.
3. The People's Bank of China (PBOC) announced that on April 7, it conducted 800 billion yuan of outright reverse repurchase operations using a fixed-quantity, interest rate-based bidding process with multiple price levels, with a term of three months.
4. The Ministry of Commerce held a national teleconference in Beijing to promote the "trade-in" program for old consumer goods.
5. The State Administration for Market Regulation (SAMR) held an administrative guidance meeting for food delivery platform companies.
6. The Shanghai Stock Exchange (SSE) announced that this week it will focus on monitoring funds with high premiums, such as the China-Korea Semiconductor ETF, Southern Crude Oil LOF, and S&P Oil & Gas ETF, as well as stocks with abnormal fluctuations and delisting risks, such as *ST Zhengping. 7. Ministry of Commerce: From January to March this year, sales of consumer goods through the trade-in program exceeded 433.17 billion yuan, benefiting 60.933 million people.
International News
1. Three Omani-flagged vessels passed through the Strait of Hormuz.
2. Trump: Give us a little more time, and we can easily open the Strait of Hormuz, get oil, and make a fortune.
3. Iran tells Gulf states: If you want security, expel US troops stationed there.
4. Kuwait claims Iran attacked a desalination plant, causing substantial damage.
5. Mitsui O.S.K. Lines of Japan claims an LNG carrier passed through the Strait of Hormuz.
6. A French cargo ship, fully loaded, passed through the Strait of Hormuz, breaking the record for Western European vessels being prohibited from sailing there.
7. Israeli Prime Minister: Israel recently destroyed 70% of Iran's steel production capacity.
8. The Trump administration released a summary of its fiscal year 2027 budget proposal, planning to request $1.5 trillion in defense spending.
9. Iran claims a US fighter jet was shot down within Iranian territory and offers a reward for the capture of the US pilot. US officials later confirmed the jet was shot down.
10. US Data—① US non-farm payrolls rebounded more than expected in March, reaching a more than one-year high. Following the data release, bets on a Fed rate cut decreased. ② The US service sector contracted for the first time in three years.
