Category: Flash News

On April 10th, data shows that as of April 8th, a total of 1209 A-share listed companies have released their 2024 annual reports, of which 1048 have made profits. It is worth mentioning that listed companies in the consumer electronics, semiconductor, mechanical equipment, non-ferrous metals, and automotive industries performed particularly well last year. According to the announcement, strong production and sales, rising product prices, and accelerated globalization are the three major factors that have led to a significant increase in performance for most listed companies.

On April 10th, the People’s Daily reported that the State Council Information Office of China released a white paper titled “China’s Position on Several Issues Concerning China US Economic and Trade Relations” on April 9th, clarifying the facts of China US economic and trade relations and systematically explaining China’s policy stance on relevant issues. The white paper demonstrates through numerous facts that the essence of China US economic and trade relations is mutual benefit and win-win outcomes. The United States has repeatedly introduced unilateral tariff measures, which have damaged the development of bilateral economic and trade relations and harmed others without benefiting oneself. The United States’ unilateralism and protectionism continue to rise, repeatedly imposing unilateral tariff measures on China, seriously disrupting normal cooperation between the two countries. Upon careful review, what has the US gained from these years of tariff and trade wars? Has the overall trade deficit widened or narrowed? Has the competitiveness of the manufacturing industry increased or decreased? Has inflation improved or worsened? Has the people’s lives improved or deteriorated? The US should have a clear answer. There is no winner in the trade war. China is unwilling to fight a trade war, but the Chinese government will never allow the legitimate rights and interests of the Chinese people to be damaged and deprived, and will continue to take strong countermeasures against the US economic hegemony. The Chinese side always believes that it is normal for differences and frictions to arise between China and the United States in economic and trade cooperation. The key is to respect each other’s core interests and major concerns, and resolve differences properly through equal dialogue. The United States should move in the same direction as China, immediately lift unilateral tariff measures, strengthen dialogue, manage differences, promote cooperation, and jointly promote stable, healthy, and sustainable development of China US economic and trade relations.

On April 10th, as overseas disturbance factors ferment and global stock markets are shaken, Chinese assets are becoming a “shock absorber” for investors to hedge risks with high resilience. Recently, multiple foreign institutions including Goldman Sachs, Morgan Stanley, UBS, Fidelity International, Swiss based Baida Asset Management, and Morgan Asset Management collectively expressed their three core judgments on Chinese assets: significant valuation advantages, sufficient policy “toolbox” reserves, and strengthened logic of technological innovation. Supported by multiple advantages, the Chinese market highlights resilience.

On April 10th, it was reported that since 2025, the Hong Kong stock refinancing market has once again become popular after a three-year hiatus, especially in terms of allocation. As of April 8th, the allocation scale of the Hong Kong stock market has reached HKD 114.9 billion, which is extremely close to the total amount of Hong Kong stock allocation in the past two years. Analysts point out that the rapid growth trend of Hong Kong stock placements is not surprising, as the previous Chinese asset revaluation and technology stock dividends have provided an extremely suitable financing window for large companies. However, with the continuous adjustment of the Hong Kong stock market in the future, the scale of the allocation may not be as rapid as in the first quarter.

On April 10th, according to statistics, as of April 9th, among the companies that have disclosed their 2024 annual reports, pension accounts appeared in the top ten circulating shareholders list of 72 shares, with a total shareholding of 570 million shares and a total stock market value of 10.385 billion yuan at the end of 2024. Among them, the pension account of PICC holds the largest number of shares, and the basic pension insurance fund 15022 portfolio is the seventh largest circulating shareholder of the company, holding 39972600 shares; Next is Jiulite Materials, with the basic pension insurance fund 101 and basic pension insurance fund 15011 being the fourth and sixth largest circulating shareholders of the company, with a total shareholding of 37.1862 million shares.

① 09:30 China’s March CPI annual rate ② 20:30 US March non seasonally adjusted CPI annual rate, US March seasonally adjusted CPI monthly rate ③ 20:30 Federal Reserve Barkin delivers speech and participates in Q&A ④ 22:00 Federal Reserve Schmid delivers speech on economic and monetary policy ⑤ 22:30 US to April 4th week EIA natural gas inventory ⑥ The next day 00:00 EIA releases monthly short-term energy outlook report ⑦ The next day 00:00 Federal Reserve Gulsby delivers speech at the New York Economic Club

On April 10th, Citigroup economist Andrew Hollenhorst believes that the US suspension of so-called equivalent tariffs on most trading partners does not mean that the US economy has avoided slowing down and rising inflation. The 10% benchmark tariff that remains in effect during the 90 day suspension of equivalent tariffs, as well as industry-specific tariffs, still raises the effective tariff rate in the United States by approximately 21 percentage points compared to the level at the beginning of this year. The uncertainty of trade will continue to exist. Citigroup still expects the Federal Reserve to cut interest rates in May or June.

On April 10th, local time in the Dominican Republic, it was officially reported that the roof collapse of a dance hall club resulted in 136 deaths. The fire department said that the bodies of the last 20 victims have been found. The search work will end later that day. On the early morning of the 8th, the roof of a club in Santo Domingo collapsed, and a singer was performing at the scene at the time of the incident.

On April 10th, Brazilian President Lula delivered a speech at the Latin American Community summit held in Honduras on the 9th local time, stating that Trump’s “arbitrary imposition of tariffs” would undermine international economic stability, and history tells us that “there are no winners in trade wars”. Lula stated that “regional autonomy is once again under threat. The attempt to restore old hegemony is enveloping the entire region.” Lula called on Latin American countries to put aside their differences and strengthen cooperation.