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Middle East Conflict
*Trump: The U.S. military action against Iran is about to end.
*Iranian President Pezeshkian: Willing to end the war, provided that there is a guarantee against further aggression.
*China and Pakistan proposed the Five-Point Initiative on Restoring Peace and Stability in the Gulf and the Middle East.
*The United States and Israel carried out an airstrike on Iran, damaging a desalination plant on an island in the Strait of Hormuz.
Data
*MoF: From January to
February, the total operating revenue of state-owned enterprises reached cny 12,565.5bn, up 0.2% y/y, the total profit amounted to cny 626.62bn, down 2.0% y/y.
Financial
*The Monetary Policy Committee of the PBoC convened its first quarterly meeting for 2026, which recommended leveraging the integrated effects of incremental and existing policies to strengthen monetary policy regulation, emphasized the continuation of a moderately accommodative monetary policy to promote stable economic growth and a reasonable rebound in prices, while urging small and medium-sized banks to focus on their core responsibilities and enhance their capital strength.
Co Focus
*In 2025, Zhipu AI’s MaaS API platform achieved an Annual Recurring Revenue of 1.7 billion yuan, representing a 60-fold y/y increase. During the same period, the gross profit margin of the MaaS API platform rose nearly fivefold to 18.9%, significantly enhancing its profitability.
Mar 31 Block Trade Info
*Discount
– Changelight (300102 CH) saw 1 block trades worth 258.54mn at 24.86yuan per share, 19.99pct discount from last closing.
– Fenghua Advanced Tech (000636 CH) saw 1 block trades worth 170.28mn at 19.35yuan per share, 0.05pct discount from last closing.
– BYD (002594 CH) saw 1 block trades worth 167.93mn at 99.99yuan per share, 5.71pct discount from last closing.
For more insights, please visit Orient Futures Singapore’s research platform,
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