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Real-time News
February 24th - The overnight SHIBOR was 1.3620%, up 4.64 basis points; the 7-day SHIBOR was 1.5530%, up 22.97 basis points; the 14-day SHIBOR was 1.5770%, up 18.70 basis points; the 1-month SHIBOR was 1.5500%, unchanged from the previous trading day. The 3-month SHIBOR was 1.5780%, down 0.20 basis points.
The main fuel oil futures contract surged 4.00% intraday, currently trading at 2978.00 yuan/ton.
The SC crude oil futures contract surged 6.00% intraday, currently trading at 492.50 yuan per barrel.
February 24th - EU foreign ministers failed to reach an agreement on the 20th round of sanctions against Russia on February 23rd. Hungarian Foreign Minister Péter Szijjártó told the media after the meeting that Hungary made it clear at the meeting that it did not support the sanctions—and that as long as Ukraine continues to halt Russian oil shipments to Hungary, Hungary will not support any EU-level decisions that benefit Ukraine. Szijjártó also pointed out that the European Commission "usually supports non-EU countries rather than EU member states, behaving almost like a Ukraine Commission."
On February 24, Wang Chuang, Director of the Second Civil Division of the Supreme Peoples Court, stated at a press conference that in 2026, the civil and commercial trial departments of courts nationwide will continue to fully leverage their judicial functions. The next step will be to expedite the issuance of supporting judicial interpretations for the new Company Law and strengthen judicial research and trial guidance for various market entity disputes.