March 13 Morning News Summary

【Morning News Highlights】 [Taoguba]

1. People’s Bank of China Governor Pan Gongsheng hosted an economic and financial experts symposium on the 12th. Pan Gongsheng stated that a scientific and prudent monetary policy system should be built, continuing to implement moderately loose monetary policy, and increasing counter-cyclical and cross-cyclical adjustments.
2. Regarding media reports that the U.S. recently announced trade investigations on 16 trading partners including China, Foreign Ministry spokesperson Guo Jiakun said that China and the U.S. should resolve related issues through negotiations based on equality, respect, and reciprocity. The so-called “overcapacity” is a false proposition; China opposes using it as an excuse for political manipulation.
3. The China Industrial Information Security Development Research Center released a risk warning on OpenClaw applications in the industrial sector. The notice mentions that OpenClaw could be maliciously hijacked through command induction, supply chain poisoning, etc., leading to control system failures and sensitive information leaks, among other security risks.
4. Minister of Justice He Rong said on March 12 at the third “Minister’s Channel” session of the 14th National People’s Congress that this year, efforts will be made through government legislation to address “involution” competition. He also mentioned that legislation in fields such as artificial intelligence and low-altitude economy will be accelerated, including revisions to the Road Traffic Safety Law and the formulation of airspace management regulations.
5. According to data released by the China Passenger Car Association, from January to February, China’s cumulative retail sales of passenger cars reached 2.6 million units, down 19.1% year-on-year; new energy passenger cars totaled 1.06 million units, down 25.7% year-on-year.
6. On March 12, Zhaoyue Star launched the cloud AI assistant StepClaw based on OpenClaw, and opened 50,000 experience slots for one-click deployment and use of “Lobster,” free for one month.
7. At 3:48 AM on March 13, China successfully launched a satellite internet constellation of 20 satellites into orbit using the Long March 8 Hao-1 rocket at the Hainan Commercial Space Launch Site.
8. According to China Cement Network Market Data Center, cement prices have recently begun to rise in many parts of the country. Around March 12, major companies in Hefei, Wuhu, Tongling, Chizhou, Xuancheng, Ma’anshan, and other areas announced increases of about 20 yuan/ton for cement and clinker prices, with regional peers gradually following suit.
9. Cambrian announced that its net profit in 2025 is expected to be 2.059 billion yuan, with a proposed dividend of 10 yuan per 10 shares and a bonus share issuance of 4.9 shares. Chairman Zhang Jianping increased his holdings by 408,400 shares in Q4 2025, with a market value of nearly 7.5 billion yuan based on the closing price.
10. Shenghong Technology announced that its net profit in 2025 is expected to grow by 274% year-on-year, with a proposed dividend of 20 yuan per 10 shares. Shennan Circuit announced a 74.47% increase in net profit in 2025, with a dividend of 24 yuan per 10 shares. Baofeng Energy announced a 79% increase in net profit, planning to distribute a cash dividend of 3.055 billion yuan.
11. China Power Construction announced the signing of a 13.962 billion yuan EPC contract for a solar and storage project in Abu Dhabi, UAE. Zhaochi Co. announced that its Micro LED light source chip has completed R&D and is currently in sample verification testing.
12. *ST Changyao announced it received a decision to terminate listing, entering the delisting restructuring period on March 20. Tianli Lithium Energy announced that shareholder Anhui High-tech Investment New Materials Industry Fund plans to reduce holdings by no more than 3%.
13. Fenglong Co. announced that the share transfer agreement has been completed, with the company’s controlling shareholder changing to UBest, and the actual controller changing to Zhou Jian.
14. Guangxun Technology announced that it has identified false information related to sample delivery, potential clients, large orders, and revenue forecasts circulating online, which has been verified as untrue.
15. The three major U.S. stock indices all closed lower: Dow down 1.56%, Nasdaq down 1.78%, S&P 500 down 1.52%. Major European indices also declined, with Germany’s DAX 30 down 0.48%.
16. The U.S. Central Command confirmed that a U.S. KC-135 aerial refueling aircraft crashed in western Iraq, while another U.S. aircraft made a “safe landing.”
17. According to Iran’s state TV citing Hatam Anbia Central Command, a U.S. military refueling aircraft was shot down in western Iraq by a missile launched by resistance groups, with all crew members killed.
18. Iran’s Supreme Leader Khamenei said he would not abandon revenge, and the Strait of Hormuz will remain closed. Deputy Foreign Minister Ravanji stated that Iran allows some ships from certain countries to pass through the Strait of Hormuz.
19. Israeli Prime Minister Netanyahu threatened to assassinate Iran’s new Supreme Leader.
20. U.S. Treasury Secretary Yellen said that the Federal Reserve still has a long way to go before returning to quantitative easing.
21. International oil prices rose overnight, with Brent crude settling above $100 per barrel for the first time since August 2022, at $100.46, up 9.22%.

【Major Reminders】

① No new stock IPOs today.
② The 2026 China International New Energy Vehicle Technology, Parts, and Service Exhibition will be held in Beijing from March 13 to 16.
③ Tencent Cloud announced that from March 13, it will adjust the pricing of some models on its Intelligent Agent Development Platform.
④ The 2026 Jinan Laser Industry Conference will be held from March 13 to 15.
⑤ The 15th China International Short Video Festival and the 2026 China TV Drama Production Industry Conference & 11th China (Shenzhen) International TV Drama Program Trade Fair will be held from March 13 to 15.
⑥ The Sci-Tech Innovation 50 and 100 indices will undergo quarterly adjustments, effective after market close on March 13.
⑦ Chengfei Integration, Junshi Biosciences, and Hopson China will disclose their 2025 annual reports today.
⑧ A total of 44.8 billion yuan in 7-day reverse repos will mature today.
⑨ Data on the U.S. January core PCE price index and other economic indicators will be released today.

【Overnight Global News】

1. The U.S. Central Command confirmed that a U.S. KC-135 aerial refueling aircraft crashed in western Iraq, while another U.S. aircraft made a “safe landing.”
2. Iran’s Supreme Leader Khamenei said he would not abandon revenge, and the Strait of Hormuz will remain closed.
3. An Islamic Revolutionary Guard Corps official stated that they have destroyed 70% of U.S. bases and command centers in the Middle East.
4. Israeli Prime Minister Netanyahu threatened to assassinate Iran’s new Supreme Leader.
5. Iran’s military claimed to have “precise strikes” on the U.S. Navy’s Fifth Fleet headquarters in Bahrain.
6. The U.S. Central Command reported that a fire occurred in the main laundry room of the USS Ford aircraft carrier on March 12.
7. The Trump administration is expected to suspend the implementation of the Jones Act to curb rising oil prices.
8. The EU is reportedly considering relaxing carbon quota rules and expanding state aid to curb soaring electricity prices.
9. The three major U.S. stock indices all declined: Dow down 1.56%, Nasdaq down 1.78%, S&P 500 down 1.52%. Major European indices also fell, with Germany’s DAX 30 down 0.48%.
10. International oil prices rose, with Brent crude settling above $100 per barrel for the first time since August 2022, at $100.46, up $8.48, a 9.22% increase.
11. U.S. Treasury Secretary Yellen said that the Federal Reserve still has a long way to go before returning to quantitative easing.
12. Bond traders no longer bet on a 100% probability of the Fed cutting interest rates once in 2026.
13. Data from Freddie Mac shows that the average 30-year fixed mortgage rate in the U.S. rose from 6% last week to 6.11%, the largest weekly increase since April 2025.
14. XAI co-founder Zihang Dai left the company earlier this week. Co-founder Guodong Zhang has informed others that he plans to leave in the coming days.
15. Elon Musk responded “6 months” when asked online when Digital Optimus will be available.
16. The U.S. Federal Trade Commission (FTC) approved Tesla’s conversion of its investment in xAI into equity in SpaceX.
17. Netflix announced restructuring, cutting its global product team.

This information, including data and news, is sourced from public online sources and is for reference only; it does not constitute investment advice.