Shipping containers stacked on cargo ships facing each other with a person standing between them, symbolising global trade and trade balance tensions.
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International
 
– As agreed by China and the United States, the two sides will hold economic and trade consultations in France from March 14 to 17.
 
– Iran will consider ending the war under two conditions: first, Iran recoups all its losses; second, the United States withdraws from the Persian Gulf.
 
Sectors
 
– The Outline of the 15th Five-Year Plan proposes giving full play to the role of special additional deduction policies and strengthening individual income tax deductions.
 
– The National Medical Products Administration (NMPA) approved the innovative product registration application for the implantable brain-computer interface (BCI) hand motor function compensation system by Neuracle Medical Technology (Shanghai) Co., Ltd., marking the world’s first launch of a brain-computer interface medical device.
 
Industry
 
– Apple has announced a reduction in the commission rate for its App Store in China. Starting March 15, the standard commission rate for in-app purchases and paid apps on the Apple App Store will be lowered from the current 30% to 25%.
 
Data
 
– According to data from PBOC, at the end of February:
The stock of aggregate financing to the real economy (AFRE) stood at 451.4tn yuan, up 8.2% y/y. The broad money supply (M2) balance was 349.22tn yuan, up 9% y/y. The outstanding RMB loans reached 277.52tn yuan, up 6% y/y.
 
Mar 13 Block Trade Info
 
*Discount
 
– High Dream Intellectualized Machinery (300720 CH) saw 20 block trades worth 81.26mn at 37.73yuan per share, 12.01pct discount from last closing.
 
– Hanshow Tech (301275 CH) saw 2 block trades worth 66.86mn at 46.75-47.22yuan per share, 1.75-2.73pct discount from last closing.
 
*Flat
 
– TPV Tech (000727 CH) saw 1 block trades worth 62.73mn at 2.77yuan per share, flat from last closing.
 

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