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Real-time News
On April 17, Yemeni Houthi leader Abdul Malik Houthi stated on April 16 that the two-week ceasefire reached between the United States and Iran was a result of the major setbacks suffered by the US and Israel in Iran, forcing them to accept it. He claimed that the so-called "negotiations" by the US were in reality an imposition of orders, forcing other countries to submit to harsh demands that violate national sovereignty, deprive people of their legitimate rights, and damage their independence—demands that no independent nation could accept.On April 17th, Bank of America Securities issued a research report stating that Pop Mart (09992.HK) share price has fluctuated recently, but market sentiment has stabilized, benefiting from capital inflows, a shift in market risk appetite towards new consumption, positive sentiment changes triggered by influential investor activities, resilient sales trends in the local market, and company share buybacks. However, investors remain concerned about two major risks: limited visibility in overseas markets (especially given the weakening growth momentum in the US and European markets in the last quarter of last year), and profit margin pressure from slowing overseas growth and rising raw material and freight costs. The bank stated that the group will release its first-quarter operating update in mid-May. Revenue is expected to grow by approximately 80% year-on-year, exceeding market expectations by 50% to 100%. The main difference lies in the performance of overseas markets, particularly the US and EU, while the Chinese mainland market is expected to remain resilient. The bank reiterated its "Neutral" rating with a target price of HK$170, corresponding to a projected P/E ratio of approximately 13x for 2026.On April 17, the State Council Information Office held a press conference on the theme of "Starting the 15th Five-Year Plan," introducing the relevant situation regarding promoting high-quality economic and social development during the 15th Five-Year Plan period. Fu Jiuling, Director of the Industrial Development Department of the National Development and Reform Commission, stated that to revitalize traditional industries, three key measures are needed: First, adhere to revolutionary technological breakthroughs, promote the deep integration of technological and industrial innovation, strengthen the leading role of enterprises in technological innovation, accelerate the efficient transformation and application of major scientific and technological achievements, and inject fresh vitality into the optimization and upgrading of traditional industries. Second, adhere to innovative allocation of production factors, deepen the construction of a unified national market, deepen the market-oriented allocation reform of factors, comprehensively rectify "involutionary" competition, regulate market competition order, and create a favorable ecosystem for industrial development. Third, adhere to deep industrial transformation and upgrading, and support enterprises in using digital and green technologies for transformation and upgrading.On April 17, Spanish energy giant Repsol announced that it had reached an agreement with the Venezuelan government to regain control of its oil assets in Venezuela, preparing to significantly increase production in the coming years. In a statement, Repsol said it plans to increase its total oil production in Venezuela by 50% within 12 months; and, if "necessary conditions are met," could potentially "double production within three years," with its current daily output at around 45,000 barrels.On April 17, the State Council Information Office held a press conference on the theme of "Starting the 15th Five-Year Plan," introducing the relevant situation regarding promoting high-quality economic and social development during the 15th Five-Year Plan period. Wang Changlin, Vice Chairman of the National Development and Reform Commission, stated that the next step will focus on five key areas: First, a comprehensive set of macroeconomic policies will be implemented, with a batch of comprehensive policy measures prepared in advance and introduced promptly as needed. Second, efforts will be made to expand effective domestic demand, formulating a strategic implementation plan for expanding domestic demand from 2026 to 2030, and promoting the early commencement of major projects that meet the requirements. Third, technological innovation will be strengthened, the development of emerging industries will be accelerated, the "Artificial Intelligence+" action will be implemented in depth, a new form of intelligent economy will be created, and the spirit of the National Service Industry Conference will be thoroughly implemented to promote the expansion mechanism of the service industry. Fourth, efforts will be intensified to stabilize employment and promote income growth, implementing the action plan for stabilizing employment, expanding capacity, and improving quality, formulating and implementing a plan to increase the income of urban and rural residents, strengthening inclusive and safety-net-oriented livelihood construction, and strengthening social security for disadvantaged groups. Fifth, the foundation for safe development will be consolidated, ensuring the supply and price stability of energy resources and important commodities such as grain, accelerating the construction of a new energy system, and focusing on stabilizing the real estate market.
