Category: Flash News

On March 13th, Iranian Supreme Leader Ayatollah Khamenei stated during an event that the US President is prepared to negotiate with Iran. They said, ‘We are willing to negotiate, and negotiations can achieve peace, but Iran is not willing.’ This is a deception of world public opinion. Why is Iran unwilling to negotiate? “Said Khamenei? Because Iran has been sitting at the negotiating table for several years, but it was the same person (Trump) who tore up the completed and signed documents. Iran knows that negotiations are not feasible, so the rhetoric calling for negotiations is a deception of public opinion. (CCTV News)

On March 12th, since the direction of the destocking policy was clarified in May last year, the central government has repeatedly proposed to support the purchase of existing commercial housing for use as affordable housing, and multiple departments have closely cooperated to actively promote its implementation. This year’s government work report has made significant breakthroughs in the policy of purchasing existing commercial housing. It not only proposes for the first time to give city governments greater autonomy in terms of acquisition subjects, prices, and uses, but also clearly proposes to expand the scope of use of affordable housing re loans. Minister of Housing and Urban Rural Development Ni Hong further clarified the direction of acquisition purposes at the National People’s Congress and People’s Livelihood Theme Press Conference. Industry experts believe that the new proposal for the collection and storage of existing housing has significantly relaxed compared to before, and is expected to solve the previous bottleneck problem. After the overall opening up of the acquisition subject, purpose, and price, the acquisition mode can be more diversified, combined with the expansion of the scope of use of affordable housing re loans, local government special bond support, etc., to provide richer sources of funds for the collection and storage work, which will be conducive to promoting the implementation of the collection and storage work on a larger scale. (Securities Times)

① OPEC to release monthly crude oil market report; ② 16: 45 European Central Bank President Lagarde delivered a speech; ③ 20: 30 US February non quarterly adjusted CPI annual rate, US February non quarterly adjusted core CPI annual rate; ④ 20: 30 US February seasonally adjusted CPI monthly rate, US February seasonally adjusted core CPI monthly rate; ⑤ 21:45 Bank of Canada announces interest rate decision; ⑥ 22:30 US EIA crude oil inventory for the week ending March 7th; ⑦ 22:30 US EIA Cushing crude oil inventory for the week ending March 7th; ⑧ 22:30 US EIA Strategic Petroleum Reserve Inventory for the week ending March 7th; ⑨ Auction of 10-year treasury bond bonds from the United States to March 12 at 01:00 the next day – winning interest rate; ⑩ Auction of 10-year treasury bond bonds from the United States to March 12 at 01:00 the next day – bid multiple.

On March 12th, the delegations of the United States and Ukraine concluded their talks in the Saudi Arabian city of Jeddah and subsequently issued a joint statement. According to the joint statement, Ukraine expressed its willingness to accept the United States’ proposal for an immediate 30 day temporary ceasefire; The United States will immediately resume intelligence sharing with Ukraine and resume security assistance to Ukraine; Both sides also agreed to reach a comprehensive agreement on the development of key mineral resources in Ukraine as soon as possible. Several European leaders welcomed the outcome of the talks.

On March 12th, recently, the popularity of public REITs has been high. As of March 11th, 63 public REITs have been listed in the entire market, covering asset categories such as warehousing and logistics, transportation infrastructure, energy infrastructure, and park infrastructure, with a total issuance scale of approximately 168.4 billion yuan. According to research conducted by reporters, in the context of asset scarcity, public REITs attract many long-term and high dividend preferred funds, and insurance funds are one of the important allocation forces. Multiple insurance institutions participate in public REITs investment through strategic allocation, offline investment, and secondary market timing trading. Several insurance institution insiders told reporters that the underlying assets of public REITs have a low correlation with major asset classes such as stocks and bonds, which can diversify risks and optimize investment portfolios. At the same time, public REITs have the characteristics of low risk and stable returns, which are in line with the investment needs of insurance funds. However, in the eyes of industry insiders, due to the constraints of solvency, there are still restrictions on the investment of public REITs by insurance funds. It is recommended to further optimize relevant policies, appropriately reduce investment risk factors, and enhance the willingness of insurance funds to invest. (China Securities Journal)

On March 12th, property and casualty insurance companies achieved good business performance in 2024, with an expanding profit margin. According to the analysis, a total of 75 non listed property and casualty insurance companies have disclosed their solvency reports for the fourth quarter of 2024. Among the 74 property and casualty insurance companies with comparable data (excluding Shenneng Property and Casualty Insurance), a total of 438 billion yuan in premium income was achieved, a year-on-year increase of 5.9%; The total net profit reached 7.612 billion yuan, a year-on-year increase of 52.6%. The improvement in the profitability of property insurance companies is due to both investment and underwriting contributions. In addition, the property and casualty insurance industry is closely related to the real economy. With the expected good economic environment this year, the industry continues to be optimistic about the operating performance of property and casualty insurance companies in 2025. (Securities Times)

On the evening of March 11th local time, Hungarian Foreign Minister Szijjardo announced on social media that Russia has completed the repair work on the “Friendship” oil pipeline and oil transportation to Hungary has resumed. Previously, Syyardo stated that Ukrainian drones launched attacks on the “Friendship” pipeline, causing disruptions in oil transportation. (CCTV News)

On March 12th, as Chinese technology companies make a series of significant breakthroughs in fields such as artificial intelligence, more and more foreign institutions are focusing on the Chinese market. Recently, Citigroup upgraded its rating on Chinese stocks to ‘increase holdings’, expressing optimism about the strength of China’s technology industry and admitting that’ the Chinese stock market is quite attractive ‘. This is a microcosm of recent foreign institutions’ bullish views on the Chinese stock market. Since the beginning of this year, Goldman Sachs, Fidelity International, Morgan Stanley, HSBC and others have spoken out intensively, maintaining optimism about the Chinese stock market. The latest report from Goldman Sachs shows that the Chinese government has released clear signals of stable growth, demonstrating a low tolerance for systemic risks and specific support measures for the stock market, which are crucial for anchoring China’s economic growth expectations and controlling policy risk premiums, and are beneficial for the return prospects of Chinese stocks. (Securities Times)

On March 12th, the Russian Ministry of Foreign Affairs issued a statement on March 11th local time, stating that Ukraine launched a large-scale attack on Moscow and other places using drones on the same day, causing multiple civilian casualties. The Russian Federal Investigative Committee has launched an investigation, and all those responsible for this and other attacks will inevitably be punished. The Russian Ministry of Foreign Affairs believes that the drone attack was pre planned and in line with the US Ukraine talks on conflict resolution held in Saudi Arabia on the same day. At the same time, this is also a signal to the newly appointed Secretary General of the Organization for Security and Co operation in Europe (OSCE), Sinierle Oulu, who arrived in Moscow for a working visit on the same day. The Ukrainian regime, which suffered defeat on the battlefield, attempted to prove its ability to negotiate through such barbaric means. The Russian Ministry of Foreign Affairs stated that the facts show that the Zelensky regime has no political will to achieve peace and resolve conflicts through diplomatic means. Zelensky still hopes to defeat Russia and attempts to pull its allies into aggressive actions. (CCTV News)

On March 12th, the National Transportation Safety Board of the United States issued an emergency safety recommendation on March 11th local time, prohibiting helicopter flights at Reagan Washington Airport when both runways are used for inbound and outbound flights. The committee also hopes that the Federal Aviation Administration will designate an alternative helicopter route near Reagan Airport to cope with the partial closure of another route. (CCTV News)