Early Know: Federal Reserve Announces Benchmark Interest Rate Unchanged; US Stock Market Closes Lower Across the Board, Dow Down 1.64%

China Securities Journal, March 19 — The China Securities Regulatory Commission: resolutely eliminate “obstacles” and “stumbling blocks” that hinder the reform and development of the capital market; extending the policy for another 30 years! China is fully implementing a pilot program for the second expiration extension of rural contracted land across provinces; the Ministry of Agriculture and Rural Affairs: establish and improve a commercialized breeding system and accelerate the transformation and application of agricultural science and technology achievements; establish a negative list management mechanism for financial subsidies, with related documents expected to be released soon; Iran states that oil facilities in three Middle Eastern countries have become legitimate targets for strikes; the Federal Reserve announces to keep the benchmark interest rate unchanged, in line with market expectations; the three major US stock indices all closed lower, with the Dow down 1.64%.

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