Category: Flash News

On March 17th, Huatai Securities Research Report pointed out that on March 16th, the General Office of the Communist Party of China Central Committee and the General Office of the State Council issued the “Special Action Plan to Boost Consumption”, which focuses on eight aspects: increasing the income of urban and rural residents, ensuring consumption capacity, improving the quality and benefits of service consumption, updating and upgrading bulk consumption, and improving consumption quality. Among them, service consumption such as one old and one small/cultural and tourism, bulk consumption such as home appliances/home decoration trade in, and new consumption such as IP+/AI+were highlighted, which is expected to drive the transformation of consumption from “restorative growth” to “endogenous expansion”. I am optimistic about the opportunities for the allocation of large consumer sectors in 2025. Emotional consumption, the rise of domestic products, AI+consumption, and the silver haired economy are expected to become the main lines of structural investment. I continue to be optimistic about the gradual improvement of consumer fundamentals and the reshaping of the valuation of consumer leaders.

On March 17th, US Treasury Secretary Scott Besant stated that he is not concerned about the recent stock market evaporation of trillions of dollars as the US seeks to adjust its economic policies. I have been in the investment industry for 35 years, and I can tell you that a pullback is reasonable and normal, “Besson said on NBC’s Meet The Press program on Sunday. I am not worried about the market. In the long run, if we implement good tax policies, relax regulations, and ensure energy security, the market will perform well

On March 17th, it was reported that since the beginning of this year, the Chinese stock market has continued to recover and has emerged from a relatively independent trend, while overseas markets have shown significant fluctuations. In a recent research report, Morgan Stanley raised its rating on the Chinese stock market, stating that the market has undergone a structural mechanism shift and is expected to continue improving. We believe that now is the best time to advise global investors to increase their allocation of Chinese stocks. Recently, Laura Wang, Chief Equity Strategist at Morgan Stanley China, stated in an interview with reporters that looking ahead, the core logic of investing in China is changing, and the narrative logic of China’s story is shifting from a macro level to a micro level. (Securities Times)

On March 17th, scientists from institutions such as the University of Cambridge in the UK and Eindhoven University of Technology in the Netherlands have developed a new type of chiral organic semiconductor. This semiconductor enables electrons to move in a spiral manner, greatly improving the performance of organic light-emitting diodes and bringing better display screens to televisions, smartphones, and other devices. In addition, there is hope to promote the development of next-generation computing technologies such as spintronics and quantum computing. The relevant paper was published in the journal Science on the 13th.

① 09:30 Monthly report on residential prices in 70 large and medium-sized cities in China; ② 10: The total retail sales of consumer goods in China in January and February compared to the same period last year, and the added value of industrial enterprises above designated size in January and February compared to the same period last year 10: The State Council Information Office held a press conference on the operation of the national economy in January and February 2025 15: The State Council Information Office held a press conference on boosting consumption; ⑤ 20: 30 US February Retail Sales Monthly Rate, March New York Fed Manufacturing Index; ⑥ 22:00 US March NAHB Real Estate Market Index and January Business Inventory Monthly Rate.

On March 17th at 06:00, the Central Meteorological Observatory continued to issue a blue warning for strong winds. It is estimated that from 08:00 on March 17 to 08:00 on March 18, there will be 5-6 wind in central Xizang, western Qinghai, central Inner Mongolia, northern and eastern North China, Shandong Peninsula, Taiwan Island and other places, and the local wind can reach 7 or above; Most of the Yellow Sea, northern East China Sea, Taiwan Strait, Bashi Strait, and northeastern South China Sea will experience strong winds of 7-8 levels and gusts of 9 levels.

On March 17th, according to a statement from the media office of the Iraqi Prime Minister on March 16th local time, Iraqi Prime Minister Saddam Hussein had a phone call with US Defense Secretary Hagibis on the same day, and the two sides discussed Iran US relations and regional security and stability issues of common concern.

On March 17th, the Israeli Defense Forces issued a statement stating that they launched an attack on Hezbollah targets in southern Lebanon that day, destroying a command and control center and multiple armed facilities. The Israeli military claims that the existence of these facilities seriously violates the relevant agreements between Israel and Lebanon. There is currently no response from the Hezbollah side regarding this.

March 17, according to the statement of the Iraqi Ministry of Foreign Affairs on March 16 local time, Iraqi Deputy Prime Minister and Foreign Minister Hussein met with the visiting Minister of Energy and Natural Resources of Türkiye, Alpaslan Bahitar, in Baghdad the same day. Both sides will hold consultations on deepening cooperation in areas such as electricity, natural gas, and oil between the two countries, in order to align with the Iran Turkey relationship and meet the energy needs of both countries. At the meeting, the two sides discussed issues such as Türkiye’s enterprises’ investment in Iraq’s oil and natural gas sector, and also discussed issues such as Türkiye’s supply of electricity to Iraq to alleviate power shortages during peak periods. The Iranian side stated that it will complete the technical preparation work required for the Iraq Turkey power grid interconnection project as soon as possible.