Category: Flash News

On March 8th, Cai Jianchun, a member of the National Committee of the Chinese People’s Political Consultative Conference and General Manager of the Shanghai Stock Exchange, stated in an interview that the ETF and public REITs markets have broad prospects. Next, the Shanghai Stock Exchange will explore multi asset class indices to meet the investment needs of investors with different risk preferences. Taking ETFs as an example, equity ETFs account for 13% of the total market value in the US market, 11% in Europe, 8% in Japan, and we are less than 4%. From the international market perspective, we have a certain gap, and the gap is the direction we are striving for, “said Cai Jianchun. At this year’s National People’s Congress and Chinese People’s Political Consultative Conference, Cai Jianchun continued to pay attention to the construction of the real estate investment trust (REIT) market. He suggested that on the basis of the previous reform work, further deepening and solidifying should be carried out to accelerate the construction of a multi-level REITs market.

On March 8, according to China National Railway Group Corporation, from January to February this year, the national railway fixed assets investment completed 68.54 billion yuan, up 5.1% year on year. The construction of key railway projects was orderly and efficient, injecting new momentum into regional economic and social development. The person in charge of the relevant department of China Railway Group introduced that in the next step, China Railway Group will focus on completing more physical workload and investment, strengthen the guarantee of construction funds and land use, dynamically optimize and adjust the construction organization of key projects under construction, actively promote the early start of construction of a number of major projects, and make positive contributions to promoting sustained economic recovery and improvement.

On March 8th, local time, the Cambodian police announced that the Cambodian National Police Headquarters and the police in Mondulkiri Province launched a joint operation on March 6th, raiding a telecommunications fraud park located in Mondulkiri Province and detaining 258 foreign personnel. Currently, the Cambodian police are conducting an investigation into the individuals involved in the case.

On March 8th, Philip Morris International (PMI) announced on March 7th local time that the court has approved a settlement plan for its Canadian affiliate RBH, which is no longer consolidated, in the bankruptcy protection proceedings. The approved plan will resolve all tobacco product related claims and lawsuits against RBH and its affiliates (including PMI) within Canada. The court also approved substantially similar plans for British American Tobacco Canada subsidiary (collectively referred to as ITL) and Japan Tobacco Canada subsidiary JTIM. Xiaocai Note: The Quebec High Court in Canada previously ruled in 2015 on two 17 year class action lawsuits against smokers, demanding compensation from the Canadian subsidiaries of these three companies for failing to adequately warn about the potential harm of smoking. After three companies appealed, the Quebec court in Canada upheld the original verdict in 2019, forcing the Canadian subsidiaries of the three companies to seek bankruptcy protection. From then on, these subsidiaries may engage in settlement negotiations during the mediation process.

On March 8, Wang Hongmei, a deputy to the National People’s Congress and a senior technical worker of Ningde Times, brought eight suggestions to the NPC and CPPCC sessions this year. Wang Hongmei suggests taking effective measures to tilt towards funding, talent, policies, and other aspects, supporting new energy battery advantage enterprises to strengthen their global intellectual property layout and further expand their leading advantages. Pay attention to major patent invalidation cases in the new energy battery industry. For major cases within the industry, the patent invalidation procedure undergoes more thorough hearings and careful handling.

On March 8th, during the National People’s Congress and Chinese People’s Political Consultative Conference in 2025, Cai Jianchun, a member of the National Committee of the Chinese People’s Political Consultative Conference and General Manager of the Shanghai Stock Exchange, proposed to improve institutional design and strengthen judicial protection for the role of investor protection institutions. At the same time, in order to better leverage the role of real estate investment trust funds (REITs) in revitalizing existing assets and expanding effective investment, he suggested further deepening and consolidating market construction on the basis of previous reform work.

On March 8th, Cai Jianchun, a member of the National Committee of the Chinese People’s Political Consultative Conference and the General Manager of the Shanghai Stock Exchange, stated in an interview that the Shanghai Stock Exchange is working together with market institutions to promote the implementation of the “three investment” concept (rational investment, value investment, and long-term investment) from multiple dimensions and measures, including financing, investment, trading, and service. Cai Jianchun introduced that since last year, the Shanghai Stock Exchange has mainly done three aspects of work in practicing the “three investments” concept. Firstly, the initiative to re issue the “three investments” concept has received positive response from industry institutions, with more than 460 industry institutions participating. Compared with the first proposal of more than 60 industry institutions in 2021, it has increased by about seven times. Secondly, we will leverage the exemplary and leading role of excellent cases, and the Shanghai Stock Exchange will collaborate with the Shanghai Asset Management Association to organize asset management industry institutions to release excellent practical cases, creating an atmosphere of the “three investments” concept. The third is to formulate the “Work Plan for Strengthening and Improving Institutional Investor Services”, strengthen interaction and communication with industry institutions, guide long-term investment, and form stable returns. (Securities Times)

On March 8th, Yang Zongru, a member of the National Committee of the Chinese People’s Political Consultative Conference and director of the Guangdong Securities Regulatory Bureau, suggested at an economic sector group discussion meeting that a judicial interpretation on the crime of breach of trust should be introduced, and that criminal cases of financial fraud and embezzlement of assets of listed companies should be strictly investigated and dealt with, while exploring the pilot of securities civil public interest litigation initiated by the procuratorial organs. Yang Zongru put forward four suggestions, one of which is to introduce a judicial interpretation on the crime of breach of trust and strengthen the institutional rules for the infringement of the interests of listed companies and the misappropriation of fund assets by private fund managers. Secondly, it is suggested to strictly investigate and handle illegal and criminal cases of financial fraud and embezzlement of assets of listed companies, and hold third parties criminally responsible for cooperating with fraud in accordance with the law. This will explore the formation of a number of typical cases, highlighting the criminal crackdown and civil accountability for illegal acts of controlling shareholders and actual controllers that infringe on the interests of investors in listed companies. The third suggestion is to further improve the efficiency and convenience of investor rights protection. The fourth suggestion is to establish a collaborative mechanism between the people’s courts and securities regulatory authorities for non litigation enforcement.

On March 8th, the Syrian Observatory for Human Rights, headquartered in the UK, announced that since the outbreak of the conflict in the western coastal provinces of Latakia and Tartus in Syria, the death toll has exceeded 400. Checkpoints in multiple regions of Syria have become targets of attacks. It is reported that in the next few hours, the forces of the Syrian Transitional Government will regain full control of the coastal areas of Syria.

On March 8th, at the AAD conference in the United States, the world’s largest real-world study of JAK1 inhibitors, Abrotinib CHnese rRegistry on AD (AHEAD), was recently released internationally. The AHEAD provides more real-world research and medical evidence-based data for the clinical application of innovative small molecule drugs with high selectivity JAK1 inhibitors in the field of atopic dermatitis (AD), further consolidating clinical scientific basis, optimizing treatment strategies, and driving the reshaping of AD diagnosis and treatment pathways.