Important News Summary for March 28

Upcoming IPO Subscriptions: On March 31, new stock subscriptions will open. Xinkai Technology has a subscription code of 001335, with an issue price of 12.80 yuan per share and a maximum subscription limit of 9,000 shares. Taihe Co., Ltd. has a subscription code of 301665, with an issue price of 10.27 yuan per share and a maximum subscription limit of 7,000 shares. Please be cautious as investing involves risks.

1. Guidelines on Corporate Fees: The General Office of the State Council has released guidance on establishing a long-term regulatory mechanism for corporate fees, emphasizing the need for a comprehensive directory system for such fees. Administrative fees, government funds, and other charges will be managed through a directory published by relevant departments. Local governments are urged to maintain updated fee directories.
2. Financial Stability Meeting: The People’s Bank of China held a meeting focusing on financial stability for 2025. It highlighted the importance of risk prevention and resolution, strengthening technological capabilities, and enhancing the financial risk disposal responsibility mechanism.
3. New Disclosure Regulations: The China Securities Regulatory Commission (CSRC) has issued the “Management Measures for Information Disclosure by Listed Companies”, reinforcing risk disclosure requirements and setting clear guidelines for industry-specific information sharing.
4. Amendments to IPO Regulations: The CSRC has decided to modify the “Regulations on the Administration of Securities Issuance and Underwriting”, prohibiting investors participating in IPO strategic placements from lending shares during the lock-up period.
5. Shareholder Meeting Rules: The CSRC has published the “Rules for Shareholder Meetings of Listed Companies”, which establishes new operational mechanisms and clarifies proposal rights for shareholders.
6. Administrative Penalties: On March 28, the Hebei Securities Regulatory Bureau announced administrative penalties against Eastsun Technology Co., Ltd. and its controlling shareholder for securities violations.
7. False Rumors on Interest Rate Cuts: Recent online rumors regarding interest rate cuts have prompted joint action by the People’s Bank of China and law enforcement to combat misinformation in the financial sector.
8. Major Earthquake in Myanmar: A 7.9 magnitude earthquake struck Myanmar on March 28, marking it as the largest earthquake globally this year. The Thai government declared a state of emergency in Bangkok, and the Stock Exchange of Thailand suspended trading activities.
9. Public Consultation on Financial Regulations: The National Financial Regulatory Administration has solicited public opinions on the “Management Measures for the Appropriateness of Financial Institution Products”.
10. Development of Pension Finance: The National Financial Regulatory Administration has released an implementation plan aimed at promoting high-quality development in the pension finance sector over the next five years, focusing on establishing a robust financial system.
11. Listed Company Violations: The Ministry of Public Security announced five typical cases of criminal behavior related to listed companies, emphasizing the need for regulatory compliance.
12. New Regulations for Public Medical Institutions: Several departments have jointly issued a notice to standardize the management of prepayments in public medical institutions starting March 31, 2025.
13. High-Quality Development of the Aluminum Industry: A new plan aims to enhance the resilience and safety of the aluminum supply chain, targeting a 3-5% increase in domestic bauxite resources by 2027.
14. Advancements in Nuclear Fusion: The China National Nuclear Corporation announced significant progress in nuclear fusion technology with the “Chinese Super Ring No. 3”, achieving temperatures over 100 million degrees.
15. Development Plan for Winter Sports in Liaoning: The Liaoning provincial government has released a plan to boost the ice and snow economy, aiming for an industry output value of approximately 190 billion yuan by 2027.
16. Consumer Boosting Initiatives in Hunan: The Hunan provincial government has launched a special action plan focusing on boosting consumption through artificial intelligence and cultural integration.
17. IPO Acceptance: On March 28, Beijing Angrui Microelectronics Technology Co., Ltd. had its IPO application accepted by the Shanghai Stock Exchange, marking continued support for innovative technology firms.

Company News You Shouldn’t Miss

• Recent reports about Zhongtai Securities acquiring Lianchu Securities have been denied by both companies.
• Wuxi Bank announced a share increase by major shareholder Great Wall Life Insurance.
• Aviate Technology plans to withdraw its A-share listing in Shanghai and will resume trading on March 31.
• Limin Co., Ltd. announced a price increase for certain products by 5%.
• Cambridge Technology plans to issue H-shares and list on the Hong Kong Stock Exchange.
• Shanghai Airport reported a revenue increase of 11.97% for 2024.
• Xiangcai Shares intends to merge with Dazhihui through a stock exchange.
• ST Molong has applied to withdraw its risk warning status.
• Guotai Junan’s annual report shows a revenue growth of 20.08% for 2024.
• Huatai Securities reported an annual revenue increase of 13.37% for 2024.
• Kingsoft Office announced a proposed share transfer by a major shareholder.
• Tongwei Co., Ltd. plans to invite strategic investors for capital increase.
• China Shipbuilding Defense reported a significant net profit increase for 2024.
• Shenwan Hongyuan’s annual report shows a revenue growth of 15.04% for 2024.
• Chifeng Gold reported substantial revenue growth in its annual report.
• Ganfeng Lithium reported a decline in revenue and a net loss for 2024.