Category: Flash News

On February 26, the winning yield of the US Treasury Department’s issuance of US $70 billion five-year treasury bond was 4.123%, and the pre issuance trading level at the bidding deadline at 1 p.m. New York time was 4.133%, indicating that although the rise of treasury bond led to a decline of about 10 basis points in yields, investor demand remained strong.

On February 26th, the United Nations World Food Programme (WFP) announced that approximately one million people have been displaced from their homes in the eastern city of Goma in the Democratic Republic of Congo since January of this year. The ongoing security situation in eastern Congo (Kinshasa) has also led to riots, looting, and disruptions in humanitarian supply chains, forcing the World Food Programme to temporarily suspend operations near the front lines and surrounding areas.

On February 25th, artificial intelligence startup Anthropic announced the launch of Claude 3.7 Sonnet, calling it its smartest model to date and the first hybrid inference model on the market. The company introduces that Claude 3.7 Sonnet can provide near instant responses and demonstrate detailed step-by-step thinking processes. API users can also finely control the thinking time of the model. In addition, the Claude Code command-line tool (research preview version) launched simultaneously allows developers to directly delegate important engineering tasks to Claude through the terminal.

On February 25th, it was recently discovered that several banks and their wealth management subsidiaries have lowered the performance benchmark of some of their wealth management products, with some products falling below the lower limit of 2%. Yang Haiping, a researcher at the Shanghai Institute of Finance and Law, told reporters that the main reason for the downward adjustment of the benchmark performance of wealth management products is the adjustment made by the issuing institutions of wealth management products based on their judgment of market trends. (Securities Daily)

① 15:00 Final value of non quarterly adjusted GDP annual rate in Germany’s fourth quarter; ② 19: 00 UK February CBI retail sales difference; ③ 22:00 FHFA House Price Index Monthly Rate for December in the United States; ④ 22:00 US December S&P/CS 20 Major Cities Quarterly Adjusted House Price Index Annual Rate; ⑤ 23:00 Consumer Confidence Index of the February Conference Board in the United States; ⑥ 23:00 Richmond Fed Manufacturing Index for February in the United States; ⑦ The next day at 00:45, Federal Reserve Governor Barr delivered a speech on financial stability At 02:00 the next day, Federal Reserve Governor Barkin gave a speech on inflation The next day at 05:30, API crude oil inventory for the week of February 21st in the United States.

On February 25th, a US judge rejected an emergency motion by the Associated Press to restore its right to interview the White House press conference and ordered an expedited review of the matter. Previously, the White House stated that due to the Associated Press ignoring the legal geographic name change of “Gulf of America” and continuing to use the term “Gulf of Mexico”, it will indefinitely prohibit Associated Press journalists from entering the Oval Office and Air Force One. The Associated Press has sued three officials of the Trump administration for violating freedom of speech.

On February 25th, with its high performance, low cost, and open-source attributes, DeepSeek’s large model has attracted high attention from the fintech community. Several banks have launched in-depth research tests, and many banks have completed localized deployments. The chairman of a certain city commercial bank bluntly stated to reporters, “In the past, due to high costs, the application of AI technology in small and medium-sized banks was not very deep. However, the DeepSeek big model has changed this situation, and our bank is currently deploying this big model. By applying this technology, the loan business may be completely unapproved in the future.” After multiple investigations by reporters, it was found that the DeepSeek big model is bringing significant changes to the entire financial industry, including banks, including improving business efficiency, reducing business costs, strengthening risk control management, and accelerating ecological construction. Zeng Gang, director of the Shanghai Finance and Development Laboratory, stated that the application of AI technology in the financial field has entered a deep integration stage from the experimental stage. It not only provides reusable technology, but also introduces the entire industry into an intelligent, personalized, and efficient development track. (China Securities Journal)

On February 25th, the recent volatility in the bond market has intensified, and the tight financial situation has become a focus of attention in the industry. Since the Spring Festival, under the influence of multiple factors, the funding situation in the bond market has continued to tighten, and money market funds have replaced large banks as the main providers of capital outflow. The market trading structure has also undergone significant changes. The tight balance of funds has led to difficulties in leveraged trading in the bond market. In this context, the once popular “buy every order” strategy is gradually fading away. Several experts believe that the future direction of the bond market is closely related to the degree of economic recovery, policy orientation, and technological development. (Shanghai Securities News)

On February 25th, Meitu announced on the Hong Kong Stock Exchange that its major shareholder Cai Wensheng sold 128 million shares of the company between February 17th and February 21st, 2025, accounting for approximately 2.81% of the total issued shares of the company. The board of directors has been informed by the founder, chairman, and CEO of our company, Wu Zeyuan, that he has full confidence in the future business prospects of our company and will further increase his holdings in our company at an appropriate time after the release of our annual performance announcement and the end of the lock up period (i.e. after March 18, 2025).