Category: Flash News

On March 1st, according to statistics, the average return rate of 4492 active equity funds in the market in the first two months of 2025 was 3.73%. Among them, 73 funds had a return rate of over 20% in the first two months. Specifically, as of February 28, 2025, Penghua Carbon Neutrality Theme A managed by Yan Siqian and Yongying Advanced Manufacturing Intelligent Selection A managed by Zhang Lu ranked first and second in the performance of active equity funds in the first two months, with performance of 63.49% and 56.85% respectively. The Ping An Advanced Manufacturing Theme A managed by Zhang Yinxian and the Qianhai Kaiyuan Jiaxin A jointly managed by Li Bingzhi and Wu Guoqing both achieved over 50% performance in the first two months. (Pengpai News)

On March 1st, the China Securities Regulatory Commission (CSRC) recently issued a letter in response to Proposal No. 4171 (Finance, Taxation, and Financial Category No. 261) of the Second Session of the 14th National Committee of the Chinese People’s Political Consultative Conference (CPPCC). Among them, it is mentioned that actively supporting qualified biopharmaceutical companies, including traditional Chinese medicine, to issue and list on the Shanghai and Shenzhen stock exchanges, focusing on expanding direct financing channels for biopharmaceutical companies, and fully leveraging the supportive role of the capital market in the development of the biopharmaceutical industry. Continue to control the pace of new stock issuance, actively support qualified traditional Chinese medicine and other biopharmaceutical companies to go public, and at the same time, ensure strict entry control to improve the quality of listed companies from the source. Support eligible Chinese medicine listed companies to develop and grow through mergers and acquisitions. The China Securities Regulatory Commission pointed out that it supports eligible biopharmaceutical and traditional Chinese medicine industry enterprises to accelerate their development through multi-level capital markets. Next, the China Securities Regulatory Commission will guide the National Equities Exchange and Quotations (BSE) to fully leverage their role as the “main battlefield” for serving innovative small and medium-sized enterprises, continue to increase market cultivation and service efforts, support more benchmark companies in the biopharmaceutical and traditional Chinese medicine industries that meet the conditions to list on the New Third Board and the BSE, and seize development opportunities.

On March 1st, the award ceremony for the Eastern Region of the 3rd “Guanghua Cup” Gigabit Optical Network Application Innovation Competition was held in Shanghai on February 28th. During the event, a ceremony was also held to launch the Shanghai 50G PON Multi Mode Evolution Action Initiative. Under the guidance of relevant authorities in Shanghai, enterprises and institutions related to the industry chain, such as China Academy of Information and Communications Technology, Shanghai Telecom, Shanghai Mobile, Shanghai Unicom, and Oriental Cable, jointly launched the Shanghai 50G PON Multimode Evolution Action Initiative to promote breakthroughs in 50G PON multimode technology research, industry chain collaboration, and scenario based applications in Shanghai, and to help “Shine in Shanghai”.

On March 1st, at the 2025 Guangxi Government Investment Fund High Quality Development Promotion and Signing Conference, the “1+10+N” fund cluster was officially released, with a total of 30 sub funds signed, with a subscribed scale of nearly 60 billion yuan, expected to achieve investment loan linkage of over 100 billion yuan. In the next three years, the scale of Guangxi government investment guidance fund will continue to grow. It is expected that by the end of 2027, the cumulative amount of funds injected into the Guangxi Guidance Fund through the autonomous region’s own financial resources will reach over 30 billion yuan, driving various types of capital investment to establish 10 categories and N sub funds, including strategic emerging industries, traditional industry transformation and upgrading, regional characteristic industries, scientific and technological achievement transformation, and serving national major strategies. (Pengpai News)

On March 1st, the National Highway Traffic Safety Administration of the United States announced that Volkswagen is recalling 60490 vehicles from the US market due to a gear display malfunction that may cause skidding when the handbrake is not activated. This recall involves specific models of vehicles, including the 2021-2023 ID.4, 2022-2023 Audi Q4 e-Tron, and Q4 e-Tron Sportback models.

On March 1st, Shanghai Qingpu Xicen International Talent Port officially opened, aiming to create a “one-stop” talent service complex. On that day, Qingpu District launched the “Implementation Measures of Qingpu District on Supporting the Agglomeration of Science and Technology Innovation Talents” at Xicen International Talent Port, supporting the development of key industrial clusters. Selecting technology innovation and entrepreneurship talents and teams, providing up to 50 million yuan in project funding support, 1 million yuan in R&D office and production housing subsidies, 3 million yuan in talent housing subsidies, and talent gold card services to ensure talent innovation and entrepreneurship. (Pengpai News)

On March 1st, the Guiyang Gui’an Low altitude Economic Industry Conference and First Flight Ceremony was held in Guiyang, Guizhou Province. 20 projects were signed on site, including manufacturing projects, application scenario projects, infrastructure construction, and financial product projects, with an intended amount of 10.55 billion yuan.

On March 1st, the price of potassium chloride continued to rise this week. A reporter from Caixin News Agency called Salt Lake Stock and learned that the company’s 60% standard potassium arrival price has been raised to 2950 yuan/ton this week, an increase of 100 yuan/ton from last week and an increase of 400 yuan/ton from before the Spring Festival. Industry public data shows that this week, 62% of the port’s white potassium quotes are around 3300-3500 yuan/ton, and 60% of the red granules quotes are around 3500-3900 yuan/ton, an increase of about 300 yuan/ton compared to a week ago. (Caixin reporter Xiao Lianghua)

On March 1st, the Ministry of Transport held a party group meeting and a ministerial meeting on February 28th, emphasizing the need to conscientiously implement the spirit of the State Council executive meeting, do a good job in transportation service trade and service consumption, expand the opening up of transportation services to the outside world, improve the international service network, promote the application of electronic waybills, and consolidate and enhance the achievements of interconnection and cooperation. We need to continue to strengthen the supervision of the transportation of waste power batteries and cooperate in the recycling of new energy vehicle power batteries. We need to continue to do a high-quality job in handling proposals this year, strengthen communication with representatives and committee members, and handle proposals better, more practically, and effectively.

On March 1st, Hamas spokesperson Hazem Kassem stated in a media interview that Hamas has rejected Israel’s proposal to extend the first phase of the Gaza ceasefire agreement, and there are currently no negotiations regarding the second phase. (CCTV News)