March 6 Morning News Summary

【Morning News Highlights】[Taoguba]

1. The Fourth Session of the 14th National People’s Congress will hold a press conference at 3:00 PM today at the Media Center News Hall, inviting Zheng Shanjie, Director of the National Development and Reform Commission; Lan Foan, Minister of Finance; Wang Wentao, Minister of Commerce; Pan Gongsheng, Governor of the People’s Bank of China; and Wu Qing, Chair of the China Securities Regulatory Commission, to answer questions from Chinese and foreign journalists on development reform, fiscal budgeting, commerce, finance, securities, and related issues.
2. The Fourth Session of the 14th National People’s Congress opened at the Great Hall of the People on the morning of the 5th. Premier Li Qiang delivered the government work report. The report states that the main expected development targets for 2026 are: economic growth of 4.5%–5%; a deficit rate of around 4%; issuance of 1.3 trillion yuan in ultra-long special government bonds; and continued implementation of moderately loose monetary policy.
3. At yesterday’s routine Ministry of Foreign Affairs press conference, spokesperson Mao Ning stated that China will send Special Envoy for Middle East Affairs Zhai Junn to visit the Middle East region soon, making positive efforts to de-escalate tensions.
4. The People’s Bank of China announced that to maintain ample liquidity in the banking system, on March 6, 2026, it will conduct 800 billion yuan of 3-month fixed-term reverse repurchase operations through fixed amount, interest rate bidding, and multiple price points.
5. Minister of Industry and Information Technology Li Lecheng said at the “Minister’s Channel” interview event that this year, China will vigorously promote “AI + Manufacturing,” encouraging all sectors of manufacturing to embrace AI, deeply explore high-value application scenarios, cultivate a batch of high-level typical applications, and create a number of characteristic intelligent entities.
6. According to the Institute of Chemistry, Chinese Academy of Sciences, Academician Zhu Daoben and Researcher Di Zhong’an’s team, in collaboration with domestic partners, successfully developed an irregular multi-level porous plastic thermoelectric film. Its core performance index, the thermoelectric figure of merit (zT), broke through 1.64, setting a world record for flexible thermoelectric materials in the same temperature zone, providing key material support for wearable devices, attached cooling, IoT sensors, and other technologies.
7. Fujian Provincial Department of Industry and Information Technology and four other departments recently issued the “Fujian Province Electric Vessel Industry Development Action Plan (2026–2028),” which proposes that by 2028, the annual manufacturing capacity of electric vessels will reach 50 ships. The plan also emphasizes developing shipboard battery power technology.
8. After full open-source release, the next-generation Starry Sky Step 3.5 Flash base model’s global popularity has further increased, with model calls on OpenClaw rapidly rising to the top worldwide.
9. Southbound funds net sold over 27.7 billion HKD yesterday, setting a record for the largest single-day net sell-off, with the Tracker Fund of Hong Kong and Hang Seng China Enterprises ETF net selling 13.661 billion HKD and 6.073 billion HKD respectively.
10. Daikin Heavy Industry announced that its net profit in 2025 was 1.103 billion yuan, a year-on-year increase of 132.82%, with a proposed dividend of 0.87 yuan per 10 shares. Shanjin International announced a net profit of 2.972 billion yuan in 2025, up 36.75% year-on-year, with a proposed dividend of 4.8 yuan per 10 shares.
11. *ST Songfa announced that its subsidiary signed construction contracts for four ultra-large crude oil tankers, totaling approximately $400–600 million. Hongsheng Huayuan announced that its subsidiary was pre-selected for a project with China Southern Power Grid valued at 975 million yuan.
12. Nanjing Julong announced that shareholder Jiangsu Suhao Fashion Group plans to reduce its holdings by no more than 2.94%. Jingpin Special Equipment announced that shareholders plan to reduce holdings by no more than 3.00% in total.
13. JuFei Optoelectronics announced that its MicroLED technology has not been applied in the CPO field, nor has it generated revenue from CPO.
14. The three major U.S. stock indices all closed lower, with the Dow down 1.61%, the S&P 500 down 0.57%, and the Nasdaq down 0.26%. Major European stock indices also declined collectively, with Germany’s DAX 30 down 1.72%.
15. Reports indicate that U.S. officials have drafted regulations to restrict the shipment of AI chips worldwide without U.S. approval. The proposed rules would require companies to obtain U.S. licenses to export nearly all AI accelerators produced by Nvidia, AMD, and other companies.
16. Iran’s Permanent Mission to the UN stated that the so-called Iran blockade of the Strait of Hormuz is baseless and absurd; Iran consistently abides by international law and defends navigation freedom.
17. The U.S. State Department announced on March 5 that the U.S. and the Venezuelan government have agreed to restore diplomatic and consular relations.
18. Oregon, along with 23 other states, filed a lawsuit with the U.S. International Trade Court to block the recent new tariffs announced by the Trump administration.
19. A senior White House official said that the U.S. Treasury Department is expected to announce measures to address soaring energy prices as early as Thursday, including actions in the oil futures market.
20. Israeli Transport Minister Miri Regev announced that Israel is prepared to reopen its airspace on March 8, allowing outbound flights.
21. CME reduced the initial margin for its COMEX 100 gold futures from 9% to 7%, and for its COMEX 5000 silver futures from 18% to 14%.
22. International crude oil futures settlement prices surged significantly. WTI crude oil futures for April closed up 8.51%, and Brent crude oil futures for May rose 4.93%.

【Major Reminders】

① Today, one new stock will list: Gude Electric Materials (301680) on the Growth Enterprise Market.
② The Fourth Session of the 14th National People’s Congress will hold an economic-themed press conference on March 6.
③ The Hang Seng Index series adjustments will be implemented after market close on March 6.
④ The 26th Global High-End Food Exhibition (Food Expo) will be held from March 6 to 8.
⑤ The 40th Nanjing RV Camping Expo will be held from March 6 to 8.
⑥ The 2026 AI-X International Academic Conference will be held on March 6.
⑦ 269 billion yuan of 7-day reverse repos mature today.
⑧ U.S. non-farm payrolls, unemployment rate, and other data will be released today.

【Overnight Global News】

1. Iran’s Permanent Mission to the UN stated that the claim of Iran blocking the Strait of Hormuz is baseless and absurd; Iran always abides by international law and defends navigation freedom.
2. Secretary of Iran’s Supreme National Security Council Lari Jani said Iran is prepared to respond to U.S. ground actions.
3. Iran’s military claimed to have used drones to strike the U.S. Navy’s “Lincoln” aircraft carrier.
4. U.S. President Trump nominated Senator Markwayne Mullin to succeed Kirstjen Noman as Secretary of Homeland Security.
5. Oregon and 23 other states filed a lawsuit with the U.S. International Trade Court to block recent new tariffs announced by the Trump administration.
6. The U.S. and Mexico launched a joint review under the USMCA, with bilateral talks starting the week of March 16.
7. A senior White House official said the U.S. Treasury Department is expected to announce measures to address soaring energy prices as early as Thursday, including actions in the oil futures market.
8. According to Bahraini official sources, a facility at Bahrain’s main refinery was hit by Iranian missiles on the 5th, causing a fire.
9. According to ICI, U.S. money market fund assets rose to a record $7.82 trillion.
10. European Central Bank President Lagarde stated that monetary policy decisions will be made based on data, with no preset stance.
11. Traders increased bets on ECB rate hikes, with a 75% chance of a rate increase this year.
12. CME reduced the initial margin for its COMEX 100 gold futures from 9% to 7%, and for its COMEX 5000 silver futures from 18% to 14%.
13. International crude oil futures settlement prices surged significantly. WTI crude oil futures for April closed up 8.51%, and Brent crude oil futures for May rose 4.93%.
14. The three major U.S. stock indices all declined collectively, with the Dow down 1.61%, the S&P 500 down 0.57%, and the Nasdaq down 0.26%. Major European indices also fell, with Germany’s DAX 30 down 1.72%.
15. OpenAI released GPT-5.4 and GPT-5.4 Pro models, supporting context windows of up to 1 million tokens.
16. Google pledged to invest $50 million by 2030 to combat potent greenhouse gases.
17. Paramount’s CEO confirmed plans to merge HBO MAX and Paramount+.

This content includes information and data from public sources online and is for reference only; it does not constitute investment advice.