EUR/USD
1.15542
-0.032%
Gold
4361.25
-3.117%
Oil
89.806
-7.386%
USD/JPY
158.880
-0.262%
GBP/USD
1.33353
0.016%
GBP/JPY
211.878
-0.245%
Real-time News
On March 23, Li Lecheng, Minister of Industry and Information Technology, and Vice Ministers Xin Guobin and Xiong Jijun met separately in Beijing with Tim Cook, CEO of Apple Inc.; Cristiano Amon, President and CEO of Qualcomm Inc.; Guo Luzheng, President and CEO of SK Hynix Co., Ltd.; Mark Obermünster, Chairman of the Board of Management of Volkswagen Group; Ola Källenius, Chairman of the Board of Management of Mercedes-Benz Group; and the Chairman of the Board of Management of Siemens AG, who were in China to attend the China Development Forum 2026. Officials from the Ministry of Industry and Information Technology stated that China is vigorously promoting new industrialization, accelerating the construction of a modern industrial system with advanced manufacturing as its backbone, consolidating and strengthening the foundation of the real economy, and ensuring a good start to the 15th Five-Year Plan. China will further deepen reforms comprehensively, continuously expand high-level opening-up, create a first-class business environment that is market-oriented, rule-of-law based, and internationalized, and share the opportunities of Chinas modernization with all parties. They expressed hope that multinational corporations will continue to deepen their presence in the Chinese market, collaborate with upstream and downstream enterprises in Chinas industrial chain for innovation and growth, and achieve mutually beneficial development.Market news: Nvidia and Emerald AI have joined forces with leading energy companies to pioneer the use of flexible AI factories as grid assets.According to Hong Kong Stock Exchange filings, Xiaomi Group repurchased 3.1 million Class B shares for HK$100 million on March 23.On March 23, Liu Jiannan, Vice Chairman of the China Council for the Promotion of International Trade (CCPIT), met with a delegation led by Xu Xinxiong, CEO of Thailands TCP Group, in Beijing. Liu briefed them on the "15th Five-Year Plan" policy regarding accelerating the construction of a healthy China and exchanged views on supporting TCP Groups development in China and its participation in APEC business activities. On the same day, Liu also met with a delegation led by Lu Boda, President of Ralph Lauren, and Ambassador Kang Da, Partner of US-based Asia Group, in Beijing. Liu briefed them on the policies of the National Peoples Congress and the Chinese Peoples Political Consultative Conference (NPC and CPPCC) regarding further expanding high-level opening-up and exchanged views on deepening international cooperation in industrial and supply chains and promoting the healthy and stable development of China-US economic and trade relations.On March 23, China Hongqiao (01378.HK) announced in Hong Kong that on March 23, 2026, pursuant to the share repurchase mandate, the company purchased 25,895,500 ordinary shares of the company at the highest and lowest prices of HK$32 and HK$30.12 per share, respectively. The Board believes that the companys current share price deviates from its value and does not rule out further share buybacks depending on market conditions.
