Category: Flash News

On March 1st, it was learned from IBM that IBM China Investment Company has officially suspended production and production, which is a continuation of IBM’s announcement of the closure of its research and development department last year. IBM China Investment Corporation is one of IBM’s main entities in China, established for 32 years and dedicated to managing local research and development business. But the operation of IBM (China) Co., Ltd. is not affected by this change, which is currently IBM’s main operating entity in China. IBM China told reporters: “IBM integrates product development functions globally. After the adjustment of the Chinese laboratory last autumn, IBM China (Investment) Co., Ltd., which was originally intended to carry out IBM product development functions, has completed its main mission and therefore plans to close. The closure process will be executed in accordance with relevant national laws and regulations (First Financial)

March 1, according to the report of Latin American News Agency on February 28, after the tense talks between Ukrainian President Zelensky and US President Trump, French President Malone reiterated his support for Ukraine in the conflict between Ukraine and Russia on February 28. According to the É lys é e Palace, Macron had a phone call with Zelensky, but did not disclose details of the discussion. According to a Reuters report on February 28th, a spokesperson for Downing Street said in a statement, “He (Stamer) has consistently expressed strong support for Ukraine and is playing his role in finding a lasting path to peace based on Ukraine’s sovereignty and security

On March 1st, according to CNN, on the 28th local time, US President Trump had a heated argument with Ukrainian President Zelensky, who was visiting the White House, in front of the media. Zelensky left the White House early. Zelensky said in an interview with Fox News reporters that day, ‘I don’t think I need to apologize to Trump.’. “No, I respect Trump and the American people. I think we must be very frank and open. I’m not sure whether we have done anything bad,” Zelensky said. “I think we must discuss some things outside the media.”.

On March 1st, the Miyazaki Prefectural Government in Japan announced on February 28th that organic fluorides (PFAS) were detected in a well located at the Japan Air Self Defense Force’s Shinohara Base in Shinfu cho, with concentrations ranging from 4.2 to 11.2 times the provisional safety standards set by the Japanese government.

On March 1, the Russian and American delegations held the first round of bilateral relations talks in Istanbul, Türkiye, on February 27. On February 28th, the Russian Ministry of Foreign Affairs announced that the Russian and American delegations had agreed at the meeting to take joint measures to ensure smooth flow of funds between their diplomatic missions. Russian Foreign Ministry spokesperson Zakharova said on February 28 that during the Istanbul talks, Russia and the United States have agreed to take joint measures to ensure smooth flow of funds between Russian and American diplomatic missions on a reciprocal basis, and to create appropriate conditions for diplomats to perform their duties. Zakharova also stated that both sides discussed issues related to Russia’s diplomatic property in the United States, namely the return of six immovable properties seized between 2016 and 2018 to Russia.

On March 1st, according to US media reports, since President Trump took office, about 100000 federal employees in the United States have been laid off or accepted “buyout” packages. On February 27th local time, a federal district judge in California ruled that the federal government’s previous large-scale layoffs of probationary employees were illegal.

On March 1st, according to Blackstone’s annual financial report, CEO Steve Schwarzman’s compensation and dividends for 2024 are slightly over $1 billion. As in previous years, the majority of it (approximately $916 million) came from Schwarzman’s dividend on approximately 20% of Blackstone Group’s shares.

On March 1st, a front page article in Securities Daily stated that listed companies have successively launched valuation enhancement plans, which not only reflects the confidence and determination of listed companies to enhance their investment value, safeguard investor interests, and achieve high-quality development under policy guidance, but also shows that enterprise managers’ understanding and comprehension of market value management itself are constantly deepening. Overall, the valuation enhancement plans actively submitted by listed companies in response to long-term net worth problems have presented three major highlights. One is to strengthen the anchor of the main business with “new” goals, and consolidate the foundation for valuation enhancement. The second is to make full use of policy tools to stimulate the momentum of valuation improvement. Thirdly, state-owned enterprises should lead and leverage the demonstration effect of valuation enhancement. This time, state-owned listed companies actively responded to policy requirements and took the lead in disclosing valuation enhancement plans and accelerating their implementation practices. On the one hand, it can provide reference and guidance for other listed companies, driving more enterprises to take action. On the other hand, the increase in market value of state-owned listed companies has a significant impact on the market, which is conducive to stabilizing the market and better boosting investor confidence. Looking ahead to the future, driven by policy encouragement and guidance, as well as the mission of high-quality development, the valuation enhancement plan for listed companies is expected to be further accelerated, especially with the formulation of a certain degree of mandatory valuation enhancement plan. I believe that as long-term net worth breaking listed companies continue to implement various measures to increase their valuations, while achieving high-quality development, the Chinese capital market will also open a new chapter.

On March 1st, the A-share market closed in February, and securities firms have successively released their layout strategies and investment portfolios for March. According to Wind data, as of February 28th, multiple securities firms including Hua’an Securities, Western Securities, Zhongtai Securities, and Kaiyuan Securities have announced their “gold stock” portfolios for March. Nearly 70 targets have been recommended, with higher “gold” content in industries such as automotive, electronics, mechanical equipment, and computer. Looking ahead to the market performance in March, industry insiders predict that the A-share market as a whole will show a high level with slight fluctuations. At the same time, as the peak period of annual report disclosure approaches, stocks with performance exceeding expectations are expected to experience valuation recovery. It is recommended that investors seize structural opportunities; In addition, AI computing power and application direction varieties, as well as infrastructure advantage varieties with strong seasonal effects, are also worth investors’ attention. (China Securities Journal)

On March 1, the People’s Bank of China issued two announcements on the above contents on the evening of February 28. Industry insiders interpret that this indicates that a relatively stable monetary policy may become the norm, and the short-term domestic gold market may continue its “tight balance” trend. “The People’s Bank of China’s’ loose orientation and stable operation ‘model may continue.” The chief economist of CITIC Securities clearly believes that in February, the liquidity operation of the People’s Bank of China was generally stable, taking into account the exchange rate, bank interest margin and other goals, relatively shrinking in the open market operation level, and the strength of buy-out reverse repo is also less than before.