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Middle East Conflict
*The Assembly of Experts of Iran has made a final decision on the selection of a new Supreme Leader, and the Israeli military has stated that it will regard Khamenei’s successor as a target.
*Iranian President Masoud Pezeshkian expressed apologies to neighboring countries, stating that Iran will no longer attack its neighbors nor launch missiles. The Iranian military announced that it will not close the Strait of Hormuz.
Xi’s Emphasis
*Xi Jinping emphasized the need to fully leverage the unique advantages of political work in the military, pooling efforts to steadily advance the modernization of national defense and the armed forces, when attending the plenary meeting of the delegation of the People’s Liberation Army and the People’s Armed Police Force.
Press conference on the economy of the Fourth Session of the 14th National People’s Congress
*CSRC Wu Qing: The technological narrative logic of the A-share market has become clearer and more concrete, will optimize the refinancing mechanism and introduce shelf offering. IPO pre-review will be implemented for eligible ChiNext companies. Supervision of high-frequency quantitative trading will be deepened and refined, with excessive investment restricted in accordance with the rules.
*NDRC Zheng Shanjie: We will build a number of long-chain, large-scale major projects in fields such as integrated circuits, satellite internet, domestically produced large aircraft, and the national integrated computing power network, with investment scales reaching hundreds of billions or even trillions of yuan. The output value of six emerging pillar industries, including integrated circuits, aerospace, and biomedicine, is expected to expand to over ten trillion yuan by 2030.
*PBoC Pan Gongsheng: Implement support policies and tools for the capital market well, and support Central Huijin Investment in playing a role similar to a stabilization fund.
Financial
*CSRC issued the “Provisions on the Supervision of Short-Swing Trading”, which clarify the standards for determining and calculating shareholding and trading time points, which will take effect on April 7th, 2026.
Mar 6 Block Trade Info
*Discount
– Biwin Storage Tech (688525 CH) saw 14 block trades worth 167.15mn at 184.44yuan per share, 3.69pct discount from last closing.
– Verisilicon Microelectronics (688521 CH) saw 10 block trades worth 151.16mn at 207.13yuan per share, 14.08pct discount from last closing.
*Premium
– Mingyang Electric (301291 CH) saw 1 block trades worth 95.10mn at 59.44yuan per share, 1.47pct premium from last closing.
For more insights, please visit Orient Futures Singapore’s research platform,
Finoview.
