Category: Flash News

On February 28th, a joint research team organized by the National Space Administration and led by the Ion Probe Center of the Institute of Geology, Chinese Academy of Geological Sciences, released the latest research results of Chang’e-6 lunar far side samples on the 28th. The related paper was published in the international academic journal Science. Research shows that the composition of basalt in samples from the far and near sides of the moon is similar. The main formation age of basalt in the samples studied in this study is 2.823 billion years. The characteristics of the source region validate the lunar magmatic ocean model and indicate that the impact that formed the South Pole Aitken Basin may have altered the early lunar mantle. This achievement provides key scientific basis for human research on major scientific issues such as the origin and evolution of the moon.

① 15:45 Initial monthly CPI rate for February in France; ② 15: 45. Final annual GDP growth rate for the fourth quarter of France; ③ 16: 55 Germany’s February seasonally adjusted unemployment rate; ④ 21:00 Initial monthly CPI rate for February in Germany; ⑤ 21:30 Canadian December GDP monthly rate; ⑥ 21:30 US January Core PCE Price Index Annual Rate; ⑦ 21:30 Monthly rate of personal expenses in January in the United States; ⑧ 21:30 US January Core PCE Price Index Monthly Rate; ⑨ 22:45 Chicago PMI for February in the United States; ⑩ The total number of oil wells drilled in the United States for the week ending February 28th at 02:00 the next day.

On February 28th, the White House refuted President Trump’s statement that the Environmental Protection Agency would lay off 65% of its staff, stating that the agency plans to cut spending by 65%. Trump said at a cabinet meeting on the 26th that Environmental Protection Agency Administrator Zeldin plans to cut 65% of the agency’s staff.

On February 28th, Ukrainian President Zelensky is expected to visit the United States on the 28th and meet with US President Trump to sign an agreement on the development of Ukraine’s mineral resources. Ukrainian Prime Minister Shmeqar confirmed on the 26th that the Ukrainian side has approved the final version of the agreement. As the mineral agreement between the United States and Ukraine, which has been in a tug of war for many days, is about to be signed, both sides are still holding their own views on the interpretation of the agreement. At the press conference, Trump further emphasized the economic nature of the mineral agreement. Trump stated that the agreement reached with Zelensky will make the United States a partner in Ukraine’s mineral, rare earth, oil, and natural gas development. American taxpayers will be effectively compensated for the funds spent in Ukraine, and the mineral agreement will become the foundation of future relations between the United States and Ukraine. In addition, Trump also revealed that he will meet with Zelensky at 11:00 AM Eastern Time on the 28th.

On February 28th, a delegation composed of senior officials from multiple departments including the Mexican Ministry of Foreign Affairs, Ministry of Public Security, and Ministry of Defense met with US Secretary of State Rubio in the United States. After the meeting, the Mexican Ministry of Foreign Affairs stated that the meeting was friendly and productive, and had reached an agreement on a series of coordinated actions between the two countries to combat organized crime. Previously, Mexican President Simbaum stated that this meeting is part of the communication between Mexico and the United States. The Mexican government is seeking a permanent suspension of tariffs on products exported to the United States and hopes that the other party will provide more support to prevent the flow of weapons into Mexico and curb organized crime in Mexico. In addition, Mexico is advancing cooperation negotiations with the United States to reach a tariff related agreement as soon as possible.

On February 28th, US Treasury Secretary Bessent announced on the 27th that the economic framework agreement with Ukraine has been completed, covering key minerals, oil and gas, and infrastructure assets. Besent stated that Ukrainian President Zelensky and US President Trump will sign the agreement on the 28th and will no longer negotiate on the issue. He stated that this is a win-win transaction regarding strategic minerals, oil and gas, and infrastructure assets.

On February 28th at 06:00, the Central Meteorological Observatory continued to issue a yellow warning for heavy fog: it is expected that from the morning of February 28th to the morning, there will be heavy fog in some areas of Shandong Peninsula, Jiangsu, Shanghai, southern Anhui, Zhejiang, most of Fujian, northern Jiangxi, central Guangxi, northern Guangdong, and northern Hainan Island. Among them, some areas of central and southern Jiangsu, Shanghai, southern Anhui, northern Jiangxi, central and eastern Zhejiang, northern Fujian, and central Guangxi will have heavy fog with visibility below 500 meters, and some areas will have strong heavy fog with visibility below 200 meters. In addition, from day to night on the 28th, there will be heavy fog with visibility less than 1 kilometer in the Bohai Sea, Bohai Strait, most of the Yellow Sea, the western coast of the East China Sea, the western coast of the Beibu Gulf, Qiongzhou Strait, the sea near Hangzhou Bay, the sea near the mouth of the Yangtze River, the sea near Zhoushan Islands, the sea along Jiangsu, Zhejiang, the eastern coast of Liaodong Peninsula, the sea along Shandong Peninsula, Shanghai Port, and Ningbo Port, and some areas will have heavy fog with visibility less than 500 meters.

On February 28th, since February 2025, dozens of A-share listed companies have disclosed their top ten circulating shareholders due to repurchase matters, and the latest stock adjustment trends of multiple public, private, and foreign institutions have been exposed. The artificial intelligence (AI) industry chain, pharmaceuticals, and consumer goods have become the preferred directions for institutions to increase their holdings. From the perspective of public funds, well-known fund managers such as Feng Mingyuan from Xinda Australia Asia Fund, Gulen from China Europe Fund, Fu Pengbo and Zhao Feng from Ruiyuan Fund, Xie Zhiyu and Qiao Qian from Xingzheng Global Fund, Dong Chen from Huatai Bairui Fund, Yang Dong from Fuguo Fund, Wan Minyuan from Rongtong Fund, Hu Yibin from Hua’an Fund, and Cheng Zhou from Guotai Fund have made significant adjustments to their holdings. (China Securities Journal)

On February 28th, since the beginning of this year, the DeepSeek concept index has surged significantly, with particularly rapid growth in the direction of the computing power industry chain, including indices for computing power leasing (IDC), cloud computing, AI computing power, etc., all of which have surged by more than 40% after the Spring Festival. DeepSeek’s innovative breakthroughs and open source strategy not only sounded the horn of AI equality, but also brought about a “positive feedback loop” in the domestic computing power industry chain – the improvement of computing power efficiency promotes the explosion of application scenarios, application demand feeds back computing power iteration, forming a two-way empowering industrial ecosystem, and thus brings about a reevaluation of the value of the domestic computing power industry chain. According to relevant institutions’ predictions, if the DeepSeek-R1 model is trained using domestic chips (with a performance of 30% -60% of H100), 100000 to 150000 domestic chips will be needed to replace 50000 H100 chips, directly driving the growth of domestic chip demand. With the emergence of domestic chip substitution effect, there may be a shortage of supply in the market. (Securities Times)

On February 28th, the A-share convertible bond market is quietly heating up. Although there were zero new convertible bond issuances in February, six listed companies including Zhibang Home and Anke Innovation have already registered their convertible bond projects, and multiple companies such as PuLian Software have announced plans for convertible bond issuance. In addition, the first convertible bond of the Beijing Stock Exchange is about to debut, and its clause design is full of highlights, providing a reference for the market to price reasonably. Due to the reasonable design of the return risk mechanism, the convertible bond market has attracted much attention this year. The convertible bond market is growing into a market with a unique style, relatively stable investors, and return patterns. Recently, with the delisting of large convertible bonds worth billions of yuan such as CITIC and Daqin, and the generally small scale of new bonds, the convertible bond market is in a state of tight supply and demand. (Shanghai Securities News)