March 13 Oriental Fortune Financial Evening Report (with News Broadcast)

Hot Topics

State Council Executive Meeting:

Li Qiang presided over the State Council executive meeting, which discussed and approved the “2026 Key Work Division Plan” and studied the establishment of a negative list management mechanism for local fiscal subsidies. The meeting emphasized that standardizing local fiscal subsidy policies is of great significance for maintaining fair competition in the market and advancing the construction of a unified national market. Based on previous work, a negative list management for local fiscal subsidies will be implemented, and a unified national negative list for local fiscal subsidies will be developed to further specify the circumstances under which local governments are prohibited from providing subsidies.

Crackdown on Illegal Activities:

Wu Qing, Secretary of the Party Committee and Chairman of the China Securities Regulatory Commission (CSRC), chaired an expanded Party Committee meeting on March 13, attended by members of the CSRC Party Committee. The meeting pointed out that regulatory enforcement should be strengthened, focusing on cracking down on major, malicious, and key violations, severely punishing financial fraud, market manipulation, insider trading, false statements, and other illegal activities, improving the legal framework of the capital market, accelerating the establishment of a “1+N+X” regulatory system for private funds, continuously improving investor protection mechanisms, and effectively enhancing the effectiveness and deterrence of regulatory enforcement.

Trump Incites Oil Tankers to Pass through the Strait of Hormuz:

According to U.S. reports on March 12, former President Donald Trump, in an interview, encouraged oil tankers to “show some courage” and pass through the Strait of Hormuz. When asked about the risks faced by ships in the Strait, Trump said, “There’s nothing to fear; they (Iran) don’t have a navy, and we’ve sunk all their ships.” Since the U.S. and Israel launched military actions against Iran, at least 16 oil tankers, cargo ships, and other commercial vessels have been attacked in the Persian Gulf. Iranian Deputy Foreign Minister Ravanji stated on December 12 that Iran allows ships from some countries to pass through the Strait of Hormuz.

Central Bank Releases Data:

According to the February 2026 financial statistics report released by the People’s Bank of China, the total social financing increment for the first two months was 9.6 trillion yuan, an increase of 316.2 billion yuan compared to the same period last year; RMB loans increased by 5.61 trillion yuan; RMB deposits increased by 9.26 trillion yuan. As of the end of February, the broad money supply (M2) was 349.22 trillion yuan, up 9% year-on-year; narrow money (M1) was 115.93 trillion yuan, up 5.9%. Currency in circulation (M0) stood at 15.14 trillion yuan, up 14.1%. Net cash injection in the first two months was 1.05 trillion yuan.

Anti-Dumping on Imported Halogenated Butyl Rubber:

The Ministry of Commerce announced that imported halogenated butyl rubber from Japan and Canada is subject to dumping, causing substantial damage to the domestic industry, with a causal relationship between dumping and damage confirmed. Starting from March 14, 2026, anti-dumping duties will be imposed on imported halogenated butyl rubber from Japan and Canada.

Central Bank Reverse Repurchase Operations:

The People’s Bank of China announced a tender for 5 trillion yuan of fixed-term reverse repurchase operations on March 16, 2026, to maintain ample liquidity in the banking system. The operation will have a 6-month (182-day) maturity, using multiple price bidding.

China-U.S. Economic and Trade Relations:

A reporter asked about the latest news regarding the upcoming 6th round of China-U.S. economic and trade consultations. The answer: According to an agreement between China and the U.S., He Lifeng, member of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council, will lead a delegation to France from March 14 to 17 for economic and trade talks. The two sides will base their discussions on the important consensus reached during the summit in Busan and previous phone calls, focusing on issues of mutual concern.

Regulatory Interviews with Internet Lending Platforms:

Recently, in response to issues in internet lending, the Office of Financial Regulation conducted interviews with five platforms: Fenqile, Qifu Borrow, Niwo Loan, Yixianghua, and Credit Fei. The interviews required that platform operators strictly regulate marketing and promotional activities, clearly disclose loan interest and fee information, comply with personal data protection regulations, conduct lawful collection activities, establish effective complaint mechanisms, and protect the legitimate rights of financial consumers.

Accelerating the Revitalization of Revolutionary Old Areas:

The Opinions on Accelerating the Revitalization and Development of Revolutionary Old Areas were issued by the General Office of the CPC Central Committee and the General Office of the State Council. The document emphasizes cultivating and strengthening characteristic advantageous industries, promoting new urbanization, accelerating infrastructure and public service improvements, enhancing education, science, and talent support, inheriting and promoting red culture, optimizing policy support systems, and building better revolutionary old areas to improve the lives of their people.

Market Regulation Administration Rectifies Advertising Chaos:

The State Administration for Market Regulation issued the “Notice on Strengthening the Supervision of Prominent Phrases in Advertising,” deploying a half-year campaign to clean up related advertising chaos. The notice requires local market regulation departments to intensify efforts to address marketing irregularities such as “big characters to attract attention, small print disclaimers,” “arbitrary claims of being the first, original, or best,” “radish pit-style citations,” and the downplaying of adverse information, and to strictly investigate and punish serious deceptive and misleading advertising violations.

Vice General Manager of Kweichow Moutai Investigated:

According to the disciplinary inspection and supervision teams of the Guizhou Provincial Commission for Discipline Inspection and the Zunyi Municipal Commission for Discipline Inspection, Jiang Yan, Vice General Manager, Financial Director, and Party Committee Member of Kweichow Moutai Co., Ltd., is suspected of serious violations of discipline and law and is currently under disciplinary review and supervisory investigation.

Key Opportunities

Brain-Computer Interface:

Recently, the National Medical Products Administration approved the registration application for Bori Kang Medical Technology (Shanghai) Co., Ltd.'s implantable brain-computer interface hand motor function compensation system, achieving the world’s first launch of a brain-computer interface medical device, marking the entry of the first invasive brain-computer interface medical device into clinical application.

CITIC Securities recently pointed out that under the catalysis of “policy + capital + technology,” the commercialization process of domestic brain-computer interfaces is accelerating, and it is expected to gradually transition from “neural rehabilitation” to “cognitive enhancement” and then to the “brain integration” era. Upstream technological bottlenecks are being broken through, midstream developments are progressing in both China and the U.S., and downstream prospects are vast. The three main investment lines are: 1. Leading companies with breakthroughs or excellent clinical results in invasive fields; 2. Leading companies with diversified application scenarios and strong commercialization capabilities in non-invasive fields; 3. Leading companies with advanced CDMO/CRO capabilities.

Institutional research is an important way to understand the latest industry dynamics of listed companies. This year, 12 brain-computer interface concept stocks have been investigated by institutions, with five receiving over 100 institutional visits: Xiangyu Medical, Aipeng Medical, Ento Technology, Botuo Bio, and 37 Interactive Entertainment.

Fertilizer:

The Middle East geopolitical conflicts have become a key variable affecting global commodity supply chains. Not only are energy prices such as oil and natural gas soaring, but the fertilizer supply chain is also significantly impacted. Nearly one-third of global urea exports, 44% of sulfur exports, and nearly one-fifth of ammonia exports are transported through or produced in countries west of the Strait of Hormuz. The security of this waterway directly affects the global fertilizer industry and, consequently, food security.

Founder Securities believes that since many Middle Eastern urea plants use gas-based processes, the surge in natural gas prices will further raise production costs for Middle Eastern urea, impacting international urea prices. As the situation in the Middle East intensifies and persists, sulfur prices are likely to remain high, driving up downstream phosphate fertilizer costs and supporting related product prices. The closure of the Strait of Hormuz may lead to higher international shipping costs and longer routes, further pushing up global potash fertilizer prices.

The industry sector shows that currently, over 60 A-share stocks belong to the agrochemical industry, with a total market value exceeding 1.2 trillion yuan. The sector includes two giants, Salt Lake Shares and Zangge Mining, each worth over 100 billion yuan, with Hualu Hengsheng, Yuntianhua, and K+S International ranking third to fifth. Regarding growth potential, according to consensus forecasts from three or more institutions, nine agrochemical stocks are expected to achieve over 30% net profit growth this year, with Hongda Shares and Xin’an Shares projected to increase net profits by 3.7 times and 2 times respectively in 2026. Zangge Mining, K+S International, and Nuopeng are forecasted to grow profits by around 50%, and Hubei Yihua is expected to see about 40% growth.

Company News

Xinvie Communications: The company plans to raise no more than 6 billion yuan (RMB) through a targeted issuance of shares. The net proceeds after issuance costs will be used for projects involving satellite communication devices and components, RF devices and components, and chip thermal management devices and components.

Shuangliang Energy Saving: The controlling shareholder, Shuangliang Group Co., Ltd., recently received a “Notice of Filing” from the China Securities Regulatory Commission (CSRC) for suspected illegal information disclosure. The CSRC has decided to initiate a case against Shuangliang Group.

China Power Construction: Subsidiaries China Power Construction Indonesia and Tata Rame Diasara in Indonesia signed a general contracting agreement for the TMS nickel mine extraction project in Indonesia, with a contract value equivalent to approximately 5.456 billion yuan.

Jingwei Huikai: The company plans to transfer its electronic information business assets, including Xinhuikai Technology (Shenzhen) Co., Ltd. and its subsidiaries, Hunan Jingwei Huikai Technology, Zhuzhou Xinhuikai Technology, and Jingwei Huikai Technology (Shenzhen), to Shenzhen Fuje Technology Co., Ltd. The transfer excludes non-electronic information assets held by these subsidiaries and equity investments outside Jingwei Huikai’s scope.

Northern Rare Earth: The company invested 1.12 billion yuan in a joint venture with Ningbo Fuheng Rare Earth New Materials Co., Ltd., to establish Northern Fuheng New Materials Co., Ltd., which will build an annual 10,000-ton rare earth metal alloy production line. The company holds a controlling stake and consolidates the new entity.

Wanlishi: To reduce losses and protect shareholders’ interests, the company’s controlling subsidiary, Tianjin Wanlishi, has decided to cease operations entirely from March 12 and will initiate personnel arrangements and asset disposal.

Taping Group: The company plans to use up to 4.6 billion yuan of idle funds for entrusted wealth management, ensuring normal operations and risk control.

Tianfeng Securities: On March 13, the company received a decision from the Hubei Securities Regulatory Bureau to suspend certain business activities and discipline related personnel, including a two-year suspension of its agency sales of private equity products.

Hengtong Co.: The company intends to acquire a 40% stake in Oalong Bio, held by Huapai Biological, for 274 million yuan, using self-raised or internally sourced funds.

Yongtai Technology: The subsidiary Shaowu Yongtai High-tech Materials plans to invest 550 million yuan to expand capacity to produce 50,000 tons of lithium hexafluorophosphate annually and 270 million yuan to build a new 5,000-ton lithium supplement project, with total investments estimated at 820 million yuan, subject to actual costs.

CCTV News Broadcast

Premier Li Qiang presided over the March 13 State Council executive meeting, which discussed and approved the “2026 Key Work Division Plan” and studied the establishment of a negative list management mechanism for local fiscal subsidies. The meeting also reviewed the “Revised Draft of the National Agricultural Census Regulations.”

During the busy farming season, various regions are efficiently utilizing new technologies and equipment to solidly promote spring plowing and management, laying a foundation for a bumper grain harvest.

The People’s Bank of China released data today (March 13), showing that by the end of February, broad money (M2) was 349 trillion yuan, up 9% year-on-year, 2 percentage points higher than the same period last year; the total social financing stock was 451 trillion yuan, up 8.2%. Both growth rates remain high, continuously creating a favorable monetary environment for economic recovery.

According to the China Satellite Navigation Office, the BeiDou system will soon undergo in-orbit upgrades to optimize the operation of some satellites. Currently, the BeiDou constellation has 50 satellites, supporting industry development and serving the public.

The national standard “General Technical Conditions for Fully Automated Urban Rail Transit Operation Systems” has recently been implemented, specifying technical requirements in nine aspects such as train safety, emergency detection, and handling, providing unified technical norms for design, development, testing, and maintenance.

The National Medical Products Administration approved the world’s first invasive brain-computer interface medical device today (March 13), marking China’s first clinical application of such technology. The device is used for patients with spinal cord injuries causing paralysis, helping restore hand grasping functions, filling a gap in international and domestic clinical applications.

The China Federation of Logistics & Purchasing released the “China Logistics Technology Development Report (2025),” showing that by 2025, China’s logistics demand will continue to expand steadily, with ongoing optimization of structure. The application of new logistics equipment such as mobile collaborative robots and unmanned delivery will continuously improve logistics efficiency.

Today (March 13), the All-China Federation of Supply and Marketing Cooperatives announced the list of key agricultural supply enterprises for 2026, including 257 companies involved in production, cross-regional transportation, and terminal distribution. The government has also started releasing over 10 million tons of nitrogen, phosphorus, and compound fertilizer reserves to meet spring farming needs.

Today (March 13), Xinjiang signed 92 project cooperation agreements with 18 central enterprises, including China Datang and China Coal Geology Bureau, covering key areas such as computing power and equipment manufacturing. During the “14th Five-Year Plan,” these enterprises have invested about 1.1 trillion yuan in Xinjiang.

In the first two months of this year, Guangdong’s foreign trade imports and exports reached 1.64 trillion yuan, a 22.1% increase year-on-year, setting a new record for the same period.

As of now, the total box office for 2026 movies has exceeded 11 billion yuan, continuing to lead the global single-market box office rankings. Driven by the “2026 Film Economy Promotion Year,” the popularity of cinemas has translated into increased consumer spending. It is estimated that the entire film industry chain’s output value in 2026 has surpassed 160 billion yuan.