Real-time News

On February 24, Haizhi Technology Group (02706.HK) announced on the Hong Kong Stock Exchange that it has signed a non-legally binding strategic cooperation framework agreement with AGI leader Zhipu Huazhang. The agreement focuses on model training and industrial application, leveraging Haizhi's graph-model fusion technology (such as Atlas graph) and Zhipu's large model capabilities to complement each other.

Sources say Kuwait Petroleum Corporation is in talks with Blackstone Group, Brookfield Company, and EIG over a pipeline project that could be worth $7 billion.

UBS (UBS.N): Following last week's data release, the Bank of England is expected to cut interest rates by another 25 basis points in June, bringing the terminal rate down to 3.25%.

Philippine central bank governor: The threshold for another interest rate cut is very high.

The governor of the Central Bank of the Philippines said he will look ahead to the situation after the new Federal Reserve chairman takes office in order to find clues about the US economy and policies.

According to data from the China Passenger Car Association (CPCA) on February 24th, pickup truck production and sales are showing strong growth. In January 2026, the pickup truck market sold 49,000 units, a year-on-year increase of 22.5%, reaching a high level for the same period in the past five years. Pickup truck production in January 2026 reached 52,000 units, a year-on-year increase of 29.3%. In January 2026, China's pickup truck exports reached 27,000 units, a year-on-year increase of 44%, but a month-on-month decrease of 5%, with exports continuing to maintain a high proportion. In 2024, pickup truck exports accounted for 45% of total pickup truck sales; in 2025, pickup truck exports reached 50%; and in January 2026, pickup truck exports reached 54%. Many new Chinese pickup truck brands have achieved strong growth through exports, significantly boosting the export performance of Chinese-made pickup trucks.

February 24th - ING analyst Chris Turner stated that the pound could fall if Bank of England Governor Ambley raises his expectations for further interest rate cuts (potentially as early as March) in his testimony tonight. Bailey will address the Treasury Select Committee at 22:15 Beijing time tonight. Bailey is highly likely to push for a rate cut at the March policy meeting. If Bailey states that he has sufficient evidence for a March rate cut, it could solidify interest rate pricing in the money market (currently, the market expects an 80% probability of a 25 basis point cut in March), and even push the market to bet on the Bank of England cutting rates by more than 50 basis points this year.

The German service sector union (Ver.di) has called for a nationwide strike on local public transport on February 27 and 28.

According to the Shanghai Stock Exchange's official website, the review status of Chongqing Zhenbao Technology Co., Ltd. has changed to "under inquiry".

According to the Shanghai Stock Exchange website, Shenghejing Micro Semiconductor Co., Ltd. has passed the listing committee meeting.

Spain's Ministry of Finance: It expects to raise €6 billion through the issuance of 30-year syndicated bonds.

On February 24th, an announcement from the HuaAn S&P Global Oil Index Fund (LOF) (trading code: 160416) stated that its trading price in the secondary market has recently experienced a significant premium, deviating from the fund's net asset value per unit on the previous valuation date. Investors are hereby reminded to pay attention to the risk of this secondary market trading price premium. Blindly investing may result in substantial losses. If the premium in the secondary market trading price does not effectively decrease by February 25th, the fund reserves the right to apply to the Shenzhen Stock Exchange for a temporary intraday trading halt or an extension of the halt to warn the market of the risk. Specific details will be announced at that time.

Novo Nordisk (NVO.N) shares fell about 3% in pre-market trading after its UBT251 weight loss drug trial showed a 19.7% weight loss effect.

S&P Global: Longer-term, stronger natural gas demand will benefit European utilities.

February 24th - According to data from the State Taxation Administration's value-added tax invoices, during the 2026 Spring Festival holiday, the average daily sales revenue of consumer-related industries nationwide increased by 13.7% compared to the previous year's Spring Festival holiday. The consumer market was booming with many highlights, consumer goods showed obvious characteristics of intelligence and greening, tourism and cultural consumption demand was strong, the ice and snow economy drove the rapid growth of tourism services in related provinces, catering consumption heated up, and retail sales of goods maintained growth.

European Commission: The EU will continue to provide comprehensive political, financial, economic, humanitarian, military and diplomatic support to Ukraine and its people.

The onshore yuan closed at 6.8849 against the US dollar at 16:30 on February 24, up 265 points from the previous trading day.

February 24th - The National Energy Administration recently convened a meeting of its Leading Group for Legal Development in 2026. The meeting emphasized the need to fully leverage the guiding and safeguarding role of legislation in building a new energy system, accelerate the promulgation of supporting regulations and policies for the Energy Law, actively promote the revision of important laws such as the Electricity Law and the Renewable Energy Law, and foster sound governance in the energy sector. The meeting reviewed and approved the "Key Tasks for Legal Development of the National Energy Administration in 2026."