March 5 Morning News Summary

【Morning News Highlights】 [Taoguba]

1. The State Council Information Office will hold a briefing at 11:30 a.m. today. Shen Danyang, head of the drafting team for the “Government Work Report” and director of the State Council Research Office, along with Chen Changsheng, member of the drafting team and deputy director of the State Council Research Office, will interpret the “Government Work Report” and answer questions from reporters.
2. Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, spoke with Saudi Foreign Minister Faisal on the 4th. Wang Yi stated that China has always been a force for peace and is willing to continue playing a constructive role, including sending a special envoy on Middle East issues to mediate with regional countries. China strongly urges all parties to cease military actions, return to dialogue and negotiations as soon as possible, and prevent further escalation of tensions.
3. Foreign Ministry spokesperson Mao Ning said on the 4th that the Strait of Hormuz and nearby waters are important international trade routes for goods and energy. Maintaining regional security and stability aligns with the common interests of the international community. China urges all parties to immediately stop military actions, avoid further escalation of tensions, and prevent turmoil from causing greater impacts on the global economy.
4. According to media reports, several brokerages are exploring the launch of 24/7 bank-securities transfer services, breaking traditional trading hours restrictions to enable funds to be transferred and used immediately. Some brokerages are making this a key part of their differentiated competitive strategies.
5. E Fund Management Co., Ltd. announced that its crude oil LOF, E Fund, will suspend trading from market open until 10:30 a.m. today. China Universal Asset Management announced that its China Universal Silver LOF will also suspend trading from market open until 10:30 a.m. today.
6. An insider revealed that Lenovo has issued a price adjustment notice to its channel partners, deciding to raise prices on some of its computer products. The signals of price increases have already appeared in online channels.
7. Shipping giant Maersk announced it is temporarily suspending acceptance of bookings for cargo to and from the UAE, Oman, Iraq, Kuwait, Qatar, Bahrain, and Saudi Arabia until further notice.
8. According to Volcano Engine’s official website, the price of Seedance 2.0 has been announced: video input costs 28 yuan per million tokens, and the price without video input is 46 yuan per million tokens.
9. As of yesterday’s close, China National Petroleum Corporation’s stock closed at 13.24 yuan per share, up 0.68%. Its market value exceeded 2.1438 trillion yuan, surpassing Agricultural Bank of China and returning to the top of the market cap rankings.
10. COSCO Shipping Logistics issued a reminder that due to the ongoing escalation of conflict in the Middle East, it will suspend new bookings on related routes from today until further notice.
11. Falsun announced that it has not involved in “special optical fiber” or “fiber optic sensing” businesses. If the stock price continues to rise further, it may apply for trading suspension for investigation.
12. The three major US stock indices all closed higher: Nasdaq up 1.29%, S&P 500 up 0.78%, Dow Jones up 0.49%. Major European indices also closed higher, with Germany’s DAX 30 rising 1.82%.
13. U.S. Treasury Secretary Janet Yellen stated that the new 15% “global import tariff” is expected to take effect officially sometime this week.
14. U.S. ADP employment increased by 63,000 in February, versus an estimated increase of 50,000. The previous figure was revised down from 22,000 to 11,000.
15. Putin said that since the EU will eventually ban Russian gas imports, Russia might as well proactively cut off gas supplies to Europe, stop supplying the European market, and shift to emerging markets.
16. The White House announced it has submitted President Biden’s nominee, Kevin W. Warsh, for Federal Reserve Chair to the Senate.
17. Israeli Defense Minister Gallant threatened on the 4th that anyone who becomes Iran’s Supreme Leader or opposes Israel and the U.S. will become a “target for elimination” by Israel.
18. The White House said U.S. forces have struck over 2,000 Iranian targets, with no plans to deploy ground troops. The U.S. Central Command stated that during military operations against Iran, the long-range precision strike missile (PrSM) was used in combat for the first time.
19. Turkey’s Ministry of Defense announced on social media that NATO forces deployed in the Eastern Mediterranean successfully intercepted a ballistic missile launched from Iran.
20. Intel’s CFO said that the server CPU market will see significant growth by 2026, and the shortage of storage chips will persist until 2027.

【Major Reminders】

① Today, there is one new stock offering: Tongling Technology (920187) on the Beijing Stock Exchange.
② The 14th National People’s Congress Fourth Session will be held in Beijing on March 5.
③ The State Council Information Office will hold a briefing on March 5 to interpret the “Government Work Report.”
④ BYD will release its second-generation Blade Battery and fast-charging technology on March 5.
⑤ Sun Paper and Wuzhou Special Paper plan to uniformly increase the price of their white kraft paper products by 300 yuan per ton starting March 5, based on current prices.
⑥ On March 5, JD.com, Bilibili, and chip giant Broadcom will release earnings reports and hold conference calls.
⑦ Today, Shanjin International, Desay SV, and Dakin Heavy Industries will disclose their 2025 annual reports.
⑧ A total of 320.5 billion yuan in 7-day reverse repos will mature today.
⑨ Data on U.S. weekly initial unemployment claims will be released today.

【Overnight Global News】

1. The White House announced it has submitted President Biden’s nominee, Kevin W. Warsh, for Federal Reserve Chair to the Senate.
2. White House Press Secretary Karine Jean-Pierre said Spain has agreed to cooperate with U.S. military actions against Iran. Subsequently, Spanish Foreign Minister José Manuel Albares denied the report.
3. The White House said U.S. forces have struck over 2,000 Iranian targets, with no plans to send ground troops.
4. U.S. Defense Secretary Lloyd Austin stated that NATO intercepting Iranian missiles would not trigger collective defense obligations.
5. U.S. Central Command announced on March 4 that during military operations against Iran, the long-range precision strike missile (PrSM) was used in combat for the first time.
6. Iran denied that its intelligence agencies contacted the CIA to discuss ending the conflict.
7. Iran’s Islamic Revolutionary Guard Corps (IRGC) used the “Hadid 110” high-speed drone for the first time in this round of conflict.
8. German Defense Minister Pistorius said Germany is not a belligerent and will not participate in the U.S.-Israel war against Iran.
9. The Guardian reported on the 4th that UK officials said the UK has not ruled out future involvement in targeting Iran’s ballistic missile launchers.
10. Maersk announced it is temporarily suspending acceptance of cargo bookings to and from the UAE, Oman, Iraq, Kuwait, Qatar, Bahrain, and Saudi Arabia until further notice.
11. Shipping and trade sources said that shipments of Iraqi Kirkuk crude oil to Turkey’s Ceyhan port resumed on March 4.
12. The cost of chartering supertankers for Asia routes has risen to $29 million, a record high.
13. Fitch Ratings said that the closure of the Strait of Hormuz is likely temporary and will have limited impact on oil prices.
14. The Federal Reserve’s Beige Book indicates that overall economic outlook remains optimistic, with most regions expecting modest to moderate growth in the coming months.
15. According to Crane Data, the assets under management in U.S. money market funds reached $8.27 trillion, a record high.
16. Putin reiterated that since the EU will eventually ban Russian gas imports, Russia might as well proactively cut off gas supplies to Europe and shift to emerging markets.
17. The EU Parliament has temporarily halted the approval process for the US-EU trade agreement.
18. The European Commission announced on the 4th the “Industrial Accelerator Act,” proposing to introduce “EU manufacturing” requirements in public procurement and support programs to enhance internal value creation and strengthen the EU industrial base.
19. The three major US stock indices all closed higher: Nasdaq up 1.29%, S&P 500 up 0.78%, Dow Jones up 0.49%. Major European indices also rose, with Germany’s DAX 30 up 1.82%.
20. COMEX gold futures rose 0.5%, closing at $5,149.2 per ounce; COMEX silver futures increased 0.15%, closing at $83.6 per ounce.
21. The settlement prices for international crude oil futures were nearly flat: WTI April futures up 0.13%, Brent May futures unchanged.
22. Reports indicate that OpenAI’s next AI model will feature “extreme” reasoning capabilities.
23. NVIDIA CEO Jensen Huang said that the company’s recent $30 billion investment in OpenAI might be its last before the company’s IPO.
24. Meta Platforms plans to develop silicon chips to train AI models, aiming to enhance AI capabilities.
25. Intel’s CFO reiterated that the server CPU market will see significant growth by 2026, and the storage chip shortage will continue until 2027.
26. Broadcom’s Q1 adjusted net revenue was $19.31 billion, with plans to implement a buyback program of up to $10 billion.

This information, including data and news, is sourced from public online sources and is for reference only. It does not constitute investment advice.