Real-time News

On March 11, the highest 7-day annualized yield of Tencent Wealth Management's "Current Account +" was 1.462%, and the lowest was 0.8010%. The highest 7-day annualized yield of WeChat Pay's "Lingqian Tong" was 1.1350%, and the lowest was 1.0250%. The highest 7-day annualized yield of Alipay's "Yu'ebao" was 1.2220%, and the lowest was 1.0040%.

According to Futures News on March 11, as of 09:30 Beijing time, WTI crude oil futures rose 0.16% and US natural gas futures rose 0.23%.

March 11 - The Fourth Session of the 14th National Committee of the Chinese People's Political Consultative Conference (CPPCC) concluded successfully after completing all its agenda items.

Iran's Islamic Revolutionary Guard Corps: We announce that we will begin operations targeting enemy technical facilities in the region.

The yield on 40-year Japanese government bonds rose 3.5 basis points to 3.670%.

On Wednesday, March 11, the Hang Seng Index opened 152.18 points higher, or 0.59%, at 26,112.08; the Hang Seng Tech Index opened 44.05 points higher, or 0.87%, at 5,104.58; the H-share Index opened 55.44 points higher, or 0.64%, at 8,765.7; and the Red Chip Index opened 5.1 points higher, or 0.12%, at 4,322.93.

The People's Bank of China (PBOC) announced today that it conducted 26.5 billion yuan of 7-day reverse repurchase operations, with both the bid and winning bids amounting to 26.5 billion yuan. The operating rate was 1.40%, unchanged from the previous rate.

The closing session of the Fourth Session of the 14th National Committee of the Chinese People's Political Consultative Conference (CPPCC) adopted the political resolution of the Fourth Session of the 14th CPPCC National Committee.

March 11th, Futures News: The main contract for container shipping (Europe route) rose over 4% intraday. Yide Futures' view: Market sentiment driven by geopolitical conflict eased following US President Trump's comments that the war with Iran would soon end. On Tuesday, crude oil and container shipping indices saw significant pullbacks, with both trading volume and open interest declining, indicating cautious investor sentiment. Regarding supply and demand fundamentals, COSCO Shipping/OOCL deployed two large vessels from the Middle East route to fill empty AEU1 slots, increasing capacity supply in late March. Downstream bookings remained flat, with no significant improvement in cargo volume. In terms of spot prices, Maersk's latest opening price for WK13 remained unchanged at $2200-2300/FEU. OOCL lowered its online quotes to $1680/TEU and $2830/FEU. Currently, shipping companies have differing opinions on the market outlook, which may weaken the overall price support effect. Continue to monitor spot market price adjustments and changes in the geopolitical situation. Short-term market volatility is high; investors should approach this rationally. (The content and opinions expressed herein are for reference only and do not constitute any investment advice.)

The closing session of the Fourth Session of the 14th National Committee of the Chinese People's Political Consultative Conference (CPPCC) adopted the resolution on the work report of the Standing Committee of the 14th CPPCC National Committee.

Fitch: Malaysian debt capital markets are experiencing moderate growth; the direct impact from the Middle East is limited.

March 11 – The closing meeting of the Fourth Session of the 14th National Committee of the Chinese People's Political Consultative Conference (CPPCC) was held at the Great Hall of the People in Beijing at 9:00 a.m. on March 11. Xi Jinping, General Secretary of the CPC Central Committee, President of the People's Republic of China, and Chairman of the Central Military Commission, along with other Party and state leaders, entered the venue to attend the closing meeting.

Shenzhen Stock Exchange: The list of securities eligible for the Hong Kong Stock Connect has been adjusted, with Dongfeng Motor Group shares being removed, effective March 11.

March 11 – The Ministry of Foreign Affairs issued a reminder today that the conflict between the United States, Israel, and Iran is ongoing. Due to military actions, temporary closures or intermittent suspensions have occurred at airports such as Dubai International Airport in the UAE and Riyadh Airport in Saudi Arabia, affecting flight operations. The Ministry of Foreign Affairs reiterates its reminder to Chinese citizens to closely monitor the situation and refrain from traveling to Iran and surrounding countries and regions affected by the military conflict.

The UAE Ministry of Defense stated that the UAE's air defense systems are currently responding to missile and drone threats from Iran. The Ministry confirmed that the sounds heard were the result of air defense systems intercepting missiles and drones.

March 11 (Futures News) – According to foreign media reports, palm oil futures on the Malaysian Derivatives Exchange (BMD) are likely to open lower on Wednesday morning due to a sharp drop in international crude oil futures. International crude oil futures plunged more than 11% on Tuesday after US President Trump stated that the US-Iran war would end quickly, easing concerns about long-term global supply disruptions. This will likely drag down the early performance of Malaysian crude palm oil futures. Additionally, a stronger ringgit and higher-than-expected Malaysian palm oil inventories are also unfavorable for prices. Data released by the Malaysian Palm Oil Board (MPOB) on Tuesday showed that Malaysian palm oil inventories at the end of February were 2.7 million tons, a 3.94% decrease month-on-month, but higher than the industry expectation of 2.63 million tons. However, improved Malaysian palm oil exports and Indonesia's consideration of implementing a B50 biofuel policy will provide a floor for palm oil prices.

Amazon (AMZN.O): Will invest A$750 million in Australia to build a robotic logistics center.

On March 11, it was reported that on March 10 local time, Samsung Electronics and SK Group announced plans to cancel a total of 20.8 trillion won (approximately US$14.1 billion) of treasury shares.