Important News Summary:
Walmart Meeting with Ministry of Commerce
On March 11, the Ministry of Commerce and other related departments held a meeting with Walmart. The discussion centered around Walmart’s request for significant price reductions from several Chinese suppliers, which was perceived as an attempt to shift the burden of increased tariffs from the U.S. onto Chinese suppliers and consumers. In a press conference, Foreign Ministry spokesperson Mao Ning suggested that inquiries regarding this matter should be directed to the appropriate Chinese authorities.
China to Host Iran Nuclear Talks
The Chinese government announced that it will host trilateral talks on the Iran nuclear issue involving Russia and Iran in Beijing on March 14. The meeting will be presided over by Vice Minister of Foreign Affairs Ma Zhaoxu, with participation from Russian Deputy Foreign Minister Ryabkov and Iranian Deputy Foreign Minister Gharib Abadi. Discussions will focus on the Iran nuclear issue and other mutual concerns.
National Medical Products Administration Clarifies Fentanyl Export
A spokesperson for the National Medical Products Administration addressed questions regarding a white paper on the regulation of fentanyl substances in China, stating that fentanyl is primarily used in clinical settings for pain management. The misuse of such substances can lead to drug abuse and significant public health concerns. The spokesperson confirmed that China has never exported fentanyl products to North America.
Ministry of Industry and Information Technology Accelerates 6G Development
On March 12, Li Lecheng, Secretary of the Party Leadership Group of the Ministry of Industry and Information Technology, led a meeting emphasizing the need for continuous advancement in the information and communication sector. The agenda included expanding the application of 5G technology, accelerating 6G research and development, fostering innovation in industrial internet, optimizing the layout of computing power centers, and enhancing network and data security.
China Academy of Information and Communications Technology Launches AI Standards
The AI Research Institute of the China Academy of Information and Communications Technology has officially launched the development of a series of standards for communication protocols for large models and intelligent agents. These standards will cover various aspects, including discovery mechanisms, routing strategies, communication mechanisms, information formats, content encryption, and network organization.
Shenzhen’s Support Policies for 2025
The Shenzhen Municipal Bureau of Commerce and the Investment Promotion Bureau have released key points regarding their support policies for the business promotion sector in 2025. Among the initiatives, the plan includes subsidies for vehicle trade-ins, with amounts reaching up to 20,000 yuan for car replacements through scrapping and up to 15,000 yuan for trade-in purchases. They will also encourage the transition from second-hand car brokerage to dealership, offering rewards for sales.
Market Updates:
Guangzhou Technology: The company is currently optimizing its AI-related products for home care scenarios, which have not yet generated commercial revenue.
Weichai Heavy Machinery: The company’s generator sets can serve as backup power for data centers; however, the business impact remains uncertain.
Shennan Circuit: Projected a 34.29% year-on-year increase in net profit for 2024, with plans for a stock dividend of 1.5 yuan per share.
Huali Group: Reported a net profit of 3.841 billion yuan for 2024, marking a 20.01% increase year on year.
Xinhu Insurance: Reported original insurance premium income of 51.124 billion yuan in the first two months, up 29% from the previous year.
Other Updates: Various companies are planning stock buybacks and adjustments to their financial strategies, indicating ongoing market activity.
Brokerage Insights:
Zhongtai Securities: Emphasizes that the direction of fiscal policy will likely determine the investment focus in the near future, with attention on infrastructure and emerging industries.
GF Securities: Notes that rising long-term interest rates may drive insurance stock valuation recovery, suggesting investors keep an eye on the insurance sector for potential improvements.
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