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People Finance News, March 13 — On March 12, the 110-ton Class Pin-and-Clevis Liquid Oxygen Kerosene Engine "Liqing No. 2," developed by China Aerospace Science and Technology Corporation, completed a long-duration test run. This represents a key milestone in the development of this type of reusable rocket engine, comprehensively assessing its long-duration operational reliability. (CCTV News)

Renmin Finance News, March 12 — On March 12, at China Securities' 2026 Spring Strategy Conference, Song Xuetao, Chief Economist at China Securities, pointed out that the current U.S. economy is experiencing a "K-shaped divergence": while AI investment overheating has driven GDP growth, it has squeezed traditional employment, creating "prosperity without jobs," and tech giants' debt expansion reveals emerging bubble risks. To address midterm elections, the U.S. may adopt dual fiscal and monetary easing policies and shift contradictions externally. In contrast, China's "15th Five-Year Plan" explicitly shifts toward "people-centered development and moving away from virtuality toward substance," supporting domestic demand and livelihoods through central government leverage increases. The real estate sector is approaching a clearing inflection point, with expectations for L-shaped bottom formation in 2026. The investment logic for A-shares will shift from risk aversion to seeking new cycles, with enterprises possessing global competitiveness becoming core assets.

Apple announced that starting March 15, 2026, it will adjust commission rates on the China App Store. The standard commission will be reduced from 30% to 25%, while the commission for small businesses and certain applications will be reduced from 15% to 12%. Developers can enjoy the new commission rates without signing new terms.

China Finance News, March 12 - The closing session of the Fourth Session of the 14th National People's Congress will be held this afternoon at 3 PM at the Great Hall of the People in Beijing, where Standing Committee Chairman of the National People's Congress Zhao Leji will deliver a speech. (CCTV News)

People Financial News, March 13 – Recently, Shanghai Hongmai Medical Technology Co., Ltd., a subsidiary of Xinmai Medical, developed the HawkMaster™/Longyuan™ detachable fibered embolization coil, which has been approved for market launch by the National Medical Products Administration (NMPA). This product is used for embolization treatment of peripheral vascular aneurysms, arteriovenous malformations, and arteriovenous fistulas, providing more domestically produced embolization treatment options for clinical use.

People Finance News March 13 – Domestic futures opened with crude oil main contract up nearly 7%, rapeseed meal and fuel oil up over 3%, iron ore up over 2%, soybean meal, asphalt, coking coal, and methanol up over 1%; styrene, Baltic Clean Tanker Index, ethylene glycol, and pure benzene down over 1%.

People's Financial News, March 13 — According to the Associated Press on the 12th, U.S. officials stated that there were at least 5 crew members on a U.S. military refueling aircraft that crashed in Iraq, and casualty information remains unclear at this time. (Xinhua News Agency)

The China Securities Regulatory Commission has revised the "Securities Investment Fund Information Disclosure Content and Format Guidelines," consolidating annual, semi-annual, and quarterly report contents with the aim of enhancing transparency and protecting investor rights. The new Guidelines will take effect from 2026, containing 36 provisions that emphasize personalized disclosure requirements and streamline the information disclosure process.

Shanghai Party Committee Secretary Chen Jining met today with Swire Group CEO Adrian Swinney, welcoming increased investment in Shanghai and jointly promoting consumer prosperity. They discussed expanding cooperation in areas including urban renewal, maritime transformation, and healthcare. The Shanghai Party Committee also committed to creating a favorable business environment and supporting the development of domestic and foreign enterprises.

People Financial News, March 13 – Guoxin Energy (600617) announced on March 13 that Taiyuan Hongzhan Real Estate Development Co., Ltd. (referred to as "Hongzhan Real Estate"), a shareholder holding 9.2067% of shares, plans to reduce holdings of no more than 10 million shares of the company's shares through centralized competitive bidding and no more than 30 million shares through block trading, totaling no more than 2.0734% of the company's total share capital.

People Finance News on March 13 reported that Dingsheng New Materials (603876) announced on March 13 that the company plans to repurchase shares through centralized competitive bidding using its own funds and/or self-raised funds for the company's equity incentive plan and/or employee stock ownership plan. The total amount of funds for this share repurchase shall be no less than 70 million yuan and no more than 140 million yuan. The repurchase price shall not exceed 28 yuan/share (inclusive).

People's Financial News, March 13 – Li Keqiang presided over a State Council executive meeting to deliberate and adopt the "Regulations on the National Agricultural Census (Draft Amendment)."

Huasche Technology Holdings' subsidiary Huazinc Energy plans to acquire Dongguan Dazinc's aqueous zinc-based battery-related assets for RMB 51.4139 million in cash to obtain mature R&D results, equipment, and intellectual property, aiming to rapidly establish technology and production systems and shorten R&D and commercialization cycles.

Huadian Energy (600726) disclosed a stock trading anomaly announcement after four consecutive days of gains, pointing out that the turnover rate is high and there is a risk of irrational speculation. The company's operations are normal with no significant changes, and the market environment has not undergone any notable adjustments.

People's Finance News, March 12 – Li Gang, a National People's Congress delegate and engineer at Tianjin Steel Pipe Manufacturing Co., Ltd., said on March 12 during the third "delegates' corridor" session of the Fourth Session of the 14th National People's Congress that China's largest offshore gas field is "Deep Sea One." In the deep sea at approximately 1,000 meters depth, more than 9,000 units of the largest-diameter domestic seamless marine pipes are all manufactured by us. Now over 100 countries and regions worldwide are using our products, which is the market's "vote of confidence" cast through orders for Chinese manufacturing. (Xinhua News Agency)

Renmin Finance3月12日电，Hong Kong stocks AI agent OpenClaw (colloquially known as "Lobster") concept continues to weaken, Zhipu fell more than 10% at one point, currently down nearly 8%; Tencent Holdings fell more than 1%. On March 10, the National Internet Emergency Center released a risk warning regarding OpenClaw security applications: for critical industries such as finance and energy, it could lead to leakage of core business data, trade secrets and code repositories, and even cause the entire business system to collapse, resulting in incalculable losses.

People's Finance News, March 13 — As of March 12, the Shanghai Stock Exchange margin balance stood at 1,339.425 billion yuan, an increase of 34.45 billion yuan from the previous trading day; the Shenzhen Stock Exchange margin balance stood at 1,298.016 billion yuan, a decrease of 2.03 billion yuan from the previous trading day; the combined balance of both markets totaled 2,637.441 billion yuan, an increase of 32.42 billion yuan from the previous trading day.

China Financial News March 12 — Southbound funds are accelerating their inflow, with net purchases exceeding 8 billion Hong Kong dollars so far.

People Finance News March 13 – Spot silver stands at $85 per ounce, up 1.38%.