Category: Flash News

On March 3rd, the People’s Bank of China announced that nearly 1.66 trillion yuan of reverse repos were due in the open market this week. Among them, the due sizes of reverse repos from Monday to Friday were 292.5 billion yuan, 318.5 billion yuan, 548.7 billion yuan, 215 billion yuan, and 284.5 billion yuan, respectively.

On March 3rd, a research report by China International Capital Corporation (CICC) suggests that there is still room for narrowing in the short-term (1-3 months) AH price difference, and the upward elasticity of Hong Kong stocks is expected to be better than that of A-shares. During this period, we will focus on the impact of external uncertainty on AH price difference. In the mid-term (3 months to 1 year), it is necessary to observe the changes in the valuation and prosperity of A-shares and Hong Kong stocks in advantageous industries. If China’s policy of stabilizing growth is strengthened and investor confidence is further boosted, the pressure on the real estate and new energy chains that affect A-shares’ profits will ease, and A-shares are expected to have a relative advantage over Hong Kong stocks.

On March 3rd, protesters gathered outside Tesla car stores in multiple parts of the United States on March 1st. They protested against Tesla CEO Musk’s response to US President Trump’s request to lead the Department of Efficiency (DOGE) in pushing for federal spending cuts. Outside a Tesla store in New York, hundreds of people participated in a demonstration, and nine people were arrested by the police. Regarding the protests against Musk in multiple locations, White House spokesperson Harrison Fields stated that “the protests will not prevent President Trump and Elon Musk from fulfilling their commitment to establish a government efficiency department – to make our federal government more efficient and accountable to hardworking American taxpayers across the country.” Tesla has not yet responded to the protests.

On March 3rd, US Secretary of State Rubio stated on March 2nd local time that he has not had a conversation with Ukrainian President Zelensky since February 28th. Rubio said that when Ukraine is ready to achieve peace, the United States will resume negotiations with Ukraine and try to involve Russia in the negotiations.

On March 3rd, a research team from the University of Gothenburg in Sweden published important research results on achieving low-energy spin wave technology at room temperature in the latest issue of Nature Physics. They proved that information can be transmitted using magnetic wave motion in complex networks, which is expected to become a low-energy alternative to quantum computers and lay the foundation for the development of the next generation of Ising machines.

On the 3rd, Science and Technology Innovation Board Daily reported that Honor CEO Li Jian made his first public appearance at MWC2025 and announced Honor Alpha’s strategy, announcing a comprehensive transformation from a smartphone manufacturer to an AI terminal ecosystem company. It is reported that the implementation of this strategy is divided into three steps: the first step is to create a truly intelligent mobile phone. Open the boundaries of technology with partners in the era of AI intelligent agents and co create a new paradigm of AI terminals; The second step is to open up the boundaries of industries and create a new paradigm of AI ecology in the era of physical AI; The third step is to open up the boundaries of human potential and co create a new paradigm of human civilization in the era of General Artificial Intelligence (AGI). (Reporter Huang Xinyi)

On March 3rd, the Central Meteorological Observatory continued to issue a yellow warning for blizzards at 06:00 on March 3rd. It is expected that from 08:00 on March 3rd to 08:00 on March 4th, there will be heavy snow in some areas of southern Shandong, central and southern Henan, northwest Anhui, and northwest Hubei. Among them, there will be heavy snow in some areas of southern Shandong, southeastern Henan, northwest Anhui, and northwest Hubei. The above-mentioned areas have added snow depths of 4-8 centimeters, with some areas reaching over 10 centimeters.

① 09:45 China’s February Caixin Manufacturing PMI; ② 16: Final value of France’s manufacturing PMI for February 50; ③ 16: 55. Final value of Germany’s manufacturing PMI for February; ④ 17: Final value of Eurozone manufacturing PMI for February; ⑤ 17: 30 UK manufacturing PMI final value for February; ⑥ 17: 30 January UK central bank mortgage approval; ⑦ 18: The initial CPI value for February in the 00 euro area; ⑧ 22:45 US February S&P Global Manufacturing PMI Final Value; ⑨ 23:00 US February ISM Manufacturing PMI; ⑩ 23:00 Monthly rate of construction expenditure in January in the United States; ⑪ The next day at 00:35, the Federal Reserve’s Musalam delivered a speech.

On March 3rd, multiple institutions believe that benefiting from the technological changes brought by DeepSeek and the significant discount of the technology sector compared to the US stock market, coupled with investors’ optimism about technological progress, there is some room for improvement in the technology sector. According to statistics, in February, there were 30 ETFs (passive index type, QDII stock type) with a net value increase of over 20% in their exercise units. From the perspective of fund flow, a total of 18 ETFs had a net inflow of over 1 billion yuan in February. (Securities Times)

On March 3rd, according to statistics, as of March 1st, a total of 370 funds have announced the suspension of large-scale subscriptions, involving 323 funds. This phenomenon contains complex market logic, which not only reflects the strategic adjustments of fund companies, but also has a profound impact on investors’ decisions and the overall operation of the market. From the perspective of investment types, there are a wide variety of fund types that restrict large subscriptions, including bond funds, money market funds, hybrid funds, equity funds, QDII funds, and FOFs. Among the 323 funds mentioned above, bond funds have the highest proportion, exceeding 50%. This type of fund is sensitive to changes in interest rates. When market interest rates are unstable, restricting large subscriptions can prevent a large influx of funds from disrupting investment portfolio allocation and maintain stable returns. The proportion of money market funds, hybrid funds, and equity funds all exceed 10%, while the proportion of QDII funds is within 10%. FOF has the lowest proportion, less than 1%. This indicates that funds with different investment strategies and risk characteristics may adopt measures to restrict large subscriptions for their own reasons. (Securities Times)