Top Stories from Four Major Securities Reports_March 12, 2026_Financial News

Special Topic: Highlights from the Four Major Securities Newspapers

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China Securities Journal

Trump says military action against Iran will end soon

According to Xinhua News, citing Axios News, President Trump on the 11th stated that there are “almost no targets left to strike” inside Iran, and U.S. military operations against Iran will end soon. As reported by CCTV News, Fatih Birol, Executive Director of the International Energy Agency, on the 11th said that member countries of the IEA have agreed to release 400 million barrels of strategic oil reserves to address the risk of global energy supply disruptions caused by Middle East conflicts.

Lei Jun speaks! Xiaomi will invest 200 billion yuan over the next 5 years

During the National Two Sessions in 2026, Lei Jun, NPC deputy, Chairman and CEO of Xiaomi Group, in an exclusive interview with China Securities Journal, outlined new scenarios of deep integration in AI, robotics, automobiles, and smart manufacturing over the next 3-5 years. Lei Jun revealed that Xiaomi will invest 200 billion yuan in the next five years to further enhance core technologies. He also advised young entrepreneurs: focus on key innovations, find your direction amid the tide of the times.

Small and medium banks face a crossroads in bond allocation: some increase long-term bonds, others adopt a wait-and-see approach

“After the Spring Festival, we increased our allocation to long-term bonds, especially 30-year government bonds. The main goal is to leverage the current cost advantages on the liability side by extending durations to boost returns,” said a business manager at a rural commercial bank in East China, to China Securities Journal. Recent surveys show that in Q1, the pattern of “big banks lending, small banks buying bonds” persists. However, under bond market volatility, strategies among small and medium banks are diverging: some are aggressively buying long-term bonds, while others focus on short-term products and adopt a cautious stance.

NPC deputy, Hu Laiyun of China North Industries Yuxi Group Zhongnan Diamond Co.: The global cultivated diamond market is still rapidly expanding

During this year’s NPC, Hu Laiyun, a deputy and head of the Innovation Studio at China North Industries Yuxi Group Zhongnan Diamond Co., told China Securities Journal that cultivated diamonds have opened a new growth space on the consumer side. The company has developed a dual-track model of “industrial diamonds + cultivated diamonds,” with cultivated diamonds now a key pillar of revenue and profit growth. The global cultivated diamond market continues to expand rapidly, with huge future growth potential.

Shanghai Securities News

A “lobster” stirs the investment research circle; financial institutions issue urgent risk alerts

Recently, a “lobster” went viral. Named OpenClaw, this AI agent resembles a lobster in its icon. Recently, many brokerage teams have issued operational guides and held sharing sessions, with participation far exceeding previous levels, covering public and private funds, insurance asset management, and listed company clients. Unlike cloud-based large models, OpenClaw runs entirely locally, with system permissions equal to users, capable of handling emails, coding, and even automatic shopping like a digital butler. For research personnel, the most attractive feature is whether it can free them from tedious daily tasks. For investors, the key question is whether it is opening a new investment window.

NPC Standing Committee member, Chinese Academy of Engineering academician Qian Feng: Creating a new model of “AI + service-oriented manufacturing”

“Artificial intelligence is the core driving force behind high-quality development of service-oriented manufacturing,” said Qian Feng, NPC Standing Committee member and academician of the Chinese Academy of Engineering. He suggested seizing the strategic opportunity of AI’s explosive growth, promoting digital intelligence to empower service manufacturing, strengthening digital platforms in manufacturing, enhancing industrial data sharing and integration, and improving comprehensive support for the digital transformation of service manufacturing.

“Shanghai Price” accelerates toward the global stage

“Accelerate the construction of Shanghai as an international financial center,” “prudently expand financial market connectivity,” “further open up at a high level”… The draft of the 14th Five-Year Plan and government work reports clearly outline Shanghai’s development plans. Looking ahead to the 15th Five-Year period, NPC deputies and experts recommend deepening financial system opening, further enhancing Shanghai’s pricing power and influence, and boosting the overall capacity of Shanghai’s international financial center.

Financial institutions “go global” in a strategic move toward internationalization

“Guide the rational and orderly cross-border layout of industrial and supply chains,” “improve overseas comprehensive service systems,” “expand export credit insurance coverage,” “support large state-owned financial institutions to enhance comprehensive services,” “cultivate top investment banks and investment firms”… At this year’s NPC, government work reports, plans, and the draft of the 15th Five-Year Plan all set new development requirements for the financial sector.

Securities Times

“Supporting excellence and innovation” to strengthen A-share refinancing—three new trends emerge

The 2026 government work report emphasizes deepening comprehensive reforms in capital market investment and financing, improving long-term capital entry mechanisms, protecting investors, and expanding private equity and venture capital exit channels. At the Fourth Session of the 14th NPC, CSRC Chairman Wu Qing stated that reforms will further optimize refinancing review and registration systems, making rules more inclusive and adaptable, with a focus on supporting excellence and innovation.

Lobster craze hits—public funds analyze AI industry investment opportunities

Recently, a “digital lobster” named OpenClaw became popular, pushing AI from content generation to task execution. Many public funds believe that as domestic tech companies rapidly follow and create a trend around “lobster” products, agent applications are increasingly embedded into real work scenarios. AI call frequency and token consumption are expected to rise significantly, shifting industry focus from application-level tools to underlying infrastructure like computing power and new infrastructure projects such as computing and electricity collaboration.

Strengthening market stability mechanisms to purify the capital market ecosystem

A healthy and stable capital market depends on strong, orderly regulation. Wu Qing, CSRC Chair, recently stated at the Fourth Session of the 14th NPC that the focus will remain on risk prevention, regulation, and high-quality development, balancing growth and safety, adhering to strict legal standards, and building investor and market confidence.

Bidirectional development of power and computing to build a new type of power system

The 2026 government work report first proposed “creating a new form of intelligent economy,” including “large-scale intelligent computing clusters, computing-electrical synergy, and new infrastructure projects,” strengthening nationwide integrated computing power monitoring and supporting public cloud development. The author believes that computing-electrical synergy is at the core of new infrastructure, highlighting the importance of AI infrastructure and revealing the key to future economic development: deep integration of computing and electricity, which will reshape industries and accelerate the formation of intelligent economic models.

International oil prices remain high; chemical prices generally rise

Recently, amid high international oil prices, chemical industry chain prices have strengthened overall. Various basic chemicals and downstream products have seen price increases, gradually passing cost pressures downstream. Meanwhile, many chemical and building material companies have issued price adjustment notices, raising prices to offset rising raw material costs.

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Editor: Guo Xutong