Category: Flash News

On April 1st, since the reform of public fund fee rates began in July 2023, the effectiveness of the reform has been continuously evident. According to data, in 2024, the management fee income of fund companies and the commission income of securities firms’ sub warehouses will decrease again compared to 2023, with a decrease of 8% and 35% respectively. Industry insiders believe that the reform of fund fees is conducive to optimizing the industry ecology, enhancing investors’ holding experience and trust, and providing impetus for the long-term healthy development of the industry. The reform of fund fees will enter the third stage, focusing on fund sales fees. In this context, sales agencies will face dual pressures of policy adjustments and industry competition. In the future, they need to strengthen their investment research capabilities, optimize their customer service system, and respond to new industry changes. (Shanghai Stock News)

On April 1st, the Trump administration in the United States will review $9 billion in federal grants and contracts to Harvard University due to anti Semitic issues. On March 31st local time, the Trump administration notified Harvard University in a letter that the university had failed to address the issue of anti Semitism on campus.

On April 1st, Philip Lazzarini, the head of the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNHCR), stated on the 31st that the large-scale evacuation order issued by the Israeli military in the southern Gaza Strip’s Rafa will affect over 140000 people and further exacerbate the plight of the local population. Israeli defense agency sources stated on the same day that in order to pressure the Palestinian Islamic Resistance Movement (Hamas) to accept Israel’s proposed ceasefire, the Israeli military issued a large-scale evacuation order to the southern Gaza Strip, including the surrounding areas. According to Israeli media reports, this is the largest evacuation order issued by the Israeli Defense Forces since the resumption of Gaza fighting on March 18th.

On April 1st, in response to the announcement by US Secretary of State Rubio and the State Department to “sanction” six Chinese central government agencies and officials of the Hong Kong Special Administrative Region government, as well as the release of the so-called “2025 Hong Kong Policy Act Report” by the US State Council, a spokesperson for the Ministry of Foreign Affairs in Hong Kong strongly condemned and firmly opposed it! The spokesperson stated that the so-called “sanctions” by the US once again exposed its malicious intentions to undermine Hong Kong’s prosperity and stability and contain China’s development. China will take strong measures to resolutely counter the despicable actions of the United States! We once again warn the US that Hong Kong is China’s Hong Kong, and Hong Kong affairs are purely China’s internal affairs. Any external interference is doomed to fail! We urge the US to abide by the principles of international law and the basic norms of international relations, and stop interfering in Hong Kong affairs and China’s internal affairs in any way.

On April 1st, the Federal Reserve stated that in order to cut interest rates, confidence in inflation is necessary; Now is not the time to predict how many interest rate cuts will occur this year. The characteristic of stagflation in the 1970s was the misalignment of inflation expectations, but this situation has not been seen so far. Worried about inflation and employment, not in a hurry to cut interest rates. And it is stated that the reduction of the balance sheet may be slower and last longer.

On April 1st, the Federal Reserve’s Williams stated that there is indeed a risk of inflation exceeding the Fed’s forecast. It is predicted that inflation will remain relatively stable this year, but there is an upward risk. Not able to predict the possibility of economic recession, currently the economy is very stable with the support of a good job market; There is no stagflation in the current economy, and it is expected that the economy will continue to grow, but the growth rate will be lower than last year.

On April 1st, the Federal Reserve’s Barkin stated that the basic assumption is that the FOMC will need some time to have a clear understanding of the impact of tariffs. Suppliers have more confidence and will have to pass on higher prices to consumers. Consumers say they are tired of paying higher prices.

On April 1st, the Federal Reserve’s Williams stated that the assessment of the impact of tariffs is still in its early stages. There are still many uncertainties regarding tariffs, and details are crucial. It is necessary to pay attention to data to measure the impact of tariffs, as the comprehensive effects of tariffs may manifest over a long period of time.

On April 1st, the mayor of Newark, New Jersey, filed a lawsuit in state court on March 31st, claiming that the Trump administration and private company GEO Group announced the opening of a new immigration detention center with 1000 beds without proper permits. The mayor of Newark stated that the government and the company failed to obtain building and other permits, violating city laws and state regulations. It is reported that the US Immigration and Customs Enforcement announced last month the opening of an immigration detention center in Newark, stating that this will be the first immigration detention center opened during Trump’s second term.

On April 1st, Ukrainian President Zelensky stated that he had a phone call with British Prime Minister Stam to discuss joint steps to advance the peace process and ensure Ukraine’s security. Zelensky said that both sides are preparing for a meeting of military representatives from the two countries to prepare for the deployment of troops in the future. Zelensky appreciated Britain’s stance on increasing pressure on Russia and emphasized that the pressure on Russia must be strong enough to force Russia to return to the path of peace.