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On February 26th, Tesla China officially announced a new round of financing incentives for its vehicles. Orders placed before March 31st will be eligible for a 7-year low-interest loan on all models. For the three main models, Model 3, Model Y, and Model YL, an additional 5-year 0% interest plan is available, meaning no interest will be paid on the loan. This move is widely interpreted by the industry as another round of "disguised price reductions," aimed at further boosting sales. In January 2026, Tesla China released a similar promotional program, which at that time was valid until January 31st. Data shows that Tesla China's total wholesale sales in 2025 were 851,700 vehicles (including domestic deliveries and overseas exports), a year-on-year decrease of 7.08%.

Galaxy Entertainment (00027.HK): The Group's adjusted EBITDA for the year 2025 is HK$14.5 billion, up 19% year-on-year. Profit attributable to shareholders for the year is HK$10.7 billion, up 22% year-on-year.

Hong Kong Exchanges and Clearing Limited (00388.HK): Driven by the wave of artificial intelligence and other technological developments, global investors' interest in Chinese assets has been rekindled, and the participation of mainland Chinese investors has continued to increase, driving a strong performance in the Hong Kong spot market in 2025, with turnover reaching a record high. The IPO market also saw a heated atmosphere. The spot market set several new records in 2025, with the annual average daily turnover reaching a new high of HK$249.8 billion, the average daily turnover in September 2025 reaching a new monthly high of HK$316.7 billion, and a new single-day turnover of HK$621 billion recorded on April 7, 2025.

The U.S. savings rate fell to 3.6% in December, the lowest level since October 2022.

February 26th - According to statistics and analysis from the China Association of Automobile Manufacturers, in January 2026, Chinese brand passenger vehicles sold a total of 1.329 million units, a decrease of 32.1% month-on-month and 8.9% year-on-year, accounting for 66.9% of total passenger vehicle sales, a decrease of 1.5 percentage points compared to the same period last year.

On February 26, the Cuban Ministry of the Interior's Bureau of Identity, Immigration and Foreigners announced on the 25th that due to the escalating US blockade against Cuba, there is a shortage of card-making materials used to produce identity documents, leading to a temporary suspension of identity document production. The announcement stated that production will resume once supplies are available. The bureau will continue to accept identity document applications, and applicants can collect a copy of their identity document from the relevant office before the official document is issued. The announcement also stated that existing identity documents used by the public will remain valid as long as they fully prove the holder's identity, without any expiration date.

Iran's proposed nuclear deal included "symbolic nuclear enrichment" within Iran for research purposes, despite the United States demanding that Iran abandon all nuclear enrichment activities.

The Zhejiang Provincial Information Office held a press conference on the province's economic policies for 2026, which proposed to fully stimulate private investment and give private capital more opportunities to participate in the construction of major projects. It was clarified that the proportion of private investment projects supported by the provincial "4+1" special funds, newly added energy consumption funds, and newly added industrial land should not be less than 80%; for key projects in areas such as offshore wind power, water conservancy, and nuclear power that require provincial-level or higher approval (verification) and meet the conditions, the proportion of private investment should not be less than 10% and should be gradually increased.

Hong Kong-listed tech stocks fluctuated and weakened, with Kuaishou (01024.HK) and Baidu (09888.HK) falling by more than 3%, Alibaba (09988.HK) falling by more than 2%, and Meituan (03690.HK) and NetEase-S (09999.HK) following suit.

February 26 - Shell is in talks with several companies, including a subsidiary of Abu Dhabi National Oil Company (ADNOC), to sell a minority stake in its A$34 billion (approximately US$24 billion) Northwest Shelf gas export project in Western Australia, sources familiar with the matter revealed. According to the sources, discussions with bidders such as XRG, an investment arm of ADNOC, and Midocean Energy, in which Saudi Aramco has a stake, are currently in the preliminary stages. Other potential buyers are also monitoring the situation. Shell has been increasing its investment in liquefied natural gas (LNG). However, media reports last September indicated that Shell would explore selling its 16.67% stake in the Northwest Shelf project due to plans to convert the facility into a so-called third-party processing plant. A spokesperson stated that Shell regularly assesses its portfolio to support prudent capital allocation. "We continue to work closely with our Northwest Shelf project partners to create value, maximize future performance, and meet customer needs."

According to futures news on February 26th, as of the week ending February 21st, Japanese commercial crude oil inventories increased by 580,487 kiloliters from the previous week to 10,292,946 kiloliters. Japanese gasoline inventories decreased by 48,567 kiloliters from the previous week to 1,657,984 kiloliters. Japanese kerosene inventories decreased by 74,737 kiloliters from the previous week to 1,380,684 kiloliters. The average operating rate of Japanese refineries was 90.5%, compared to 89.0% the previous week.

On February 26th, according to Qichacha APP, Alibaba (China) Co., Ltd. recently applied for and published a patent for "Generative Language Model and Training Method, Device, Electronic Equipment, and Storage Medium". This application largely solves the interpretability problem of generative language models and is of great significance for applying generative language models to occasions with high information accuracy requirements.

February 26th - Latest supply chain information shows that after bottoming out and rebounding in the second half of 2024, mobile phone memory and storage chip prices have maintained an upward trend for several consecutive quarters, with the increase further expanding at the beginning of 2026. Multiple industry insiders confirmed that the current procurement cost of smartphone storage chips has increased by more than 80% compared to the same period last year, and there are no signs of a slowdown. Due to this cost pressure, according to channel and ODM manufacturers, several leading mobile phone brands, including OPPO, OnePlus, vivo, Xiaomi, iQOO, and Honor, are planning to launch a new round of product price adjustments in early March. This will be the largest and most significant collective price adjustment in the mobile phone industry in nearly five years. With frequent fluctuations in memory costs, the Chinese mobile phone market may face its first-ever situation of multiple price increases within a single year in 2026.

Moody's rating: The outlook for Vietnam's banking sector is stable, but liquidity is deteriorating.

Moody's rating: Private consumption continues to drive Vietnam's economic growth. GDP growth is projected at 6.5% in 2026.

On February 26, the International Monetary Fund (IMF) released a statement on February 25 regarding its Article IV consultation with the United States in 2026, projecting that the US debt burden will continue to increase in the coming years. The Article IV consultation is the IMF's annual assessment of member countries' economic performance and macroeconomic policies. The statement's projections show that the US federal government budget deficit as a percentage of GDP, after falling to 5.9% in 2025, will rise to 6.1% in 2026, and is projected to reach 6% and 6.3% in 2027 and 2028, respectively. According to the projections, publicly held federal debt as a percentage of US GDP will rise to 100.7% in 2026 and 109.8% in 2031. The statement said that the rising ratios of publicly held debt to GDP and short-term debt to GDP pose increasing risks to the US and global economies. The International Monetary Fund (IMF) projects that, taking into account the impact of various policy changes, the U.S. real GDP will grow by 2.6% in 2026 and 2.1% in 2027, while lowering its medium-term potential growth forecast for the U.S. economy by 0.25 percentage points.

February 26th - Hajime Takada, the most hawkish policymaker at the Bank of Japan, called for further interest rate hikes on Thursday, just a day after Prime Minister Sanae Takaichi hinted at her desire to continue the loose monetary policy. Speaking to local business leaders in Kyoto, Takada said, "I think the central bank should further adjust its policy and conduct relevant communications to make it clear that the price stability target has been largely achieved." This was Takada's first public statement since his proposal for consecutive interest rate hikes at a policy meeting last month, which surprised Bank of Japan observers. While his call for further rate hikes on Thursday was not unexpected, it highlights the growing division between the more radical faction within the central bank pushing for policy normalization and the government. This comes after Takaichi nominated two prominent proponents of loose monetary policy to new board members.

On February 26, the Supreme People's Court held a press conference to report on its work in punishing property crimes, strengthening the crackdown on fraud, and precisely targeting crimes involving concealment and covering up of criminal proceeds. From 2021 to 2025, the people's courts accepted 1.273 million new first-instance cases of property crimes and concluded 1.271 million cases, effectively combating and curbing the high incidence of property crimes and safeguarding the property security of the people.

February 26th - According to data from the Haikou Municipal Bureau of Statistics, the city's total retail sales of consumer goods during the Spring Festival holiday are expected to reach 3.49 billion yuan, a year-on-year increase of 2.6%. Among them, the cumulative sales of duty-free shops on the island reached 1.206 billion yuan, a year-on-year increase of 12.7%.