March 13 Domestic Four Major Securities Newspapers and Important Financial Media Front Page Headlines Content Summary

Friday, March 13th, highlights of today’s headlines:

China Securities Journal

Three Departments Respond to Hot Topics to Promote Scientific Innovation and Ensure Livelihoods; Systemic Supply Will Be Further Strengthened

On March 12, during the third “Ministerial Channel” at the Fourth Session of the 14th National People’s Congress, Minister of Justice He Rong, Minister of Natural Resources Guan Zhiou, and Minister of Ecology and Environment Huang Runqiu answered reporters’ questions on accelerating legislation in AI and related fields, promoting cross-province real estate registration, and strengthening environmental regulation.

Shift from “End-of-Pipe” Management to “Source Control”; Dual Control of Carbon Emissions Accelerates Implementation; Ecological Environment Code Supports Green and Low-Carbon Industry Transformation

On March 12, the Fourth Session of the 14th National People’s Congress approved the “Ecological Environment Code of the People’s Republic of China.” The code establishes a dedicated chapter on “Green and Low-Carbon Development” and clarifies the implementation of total and intensity-based carbon emission controls to achieve peak carbon and carbon neutrality goals. Experts believe the code provides systematic, framework, and long-term legal guidance for industry transformation and marks a fundamental shift from traditional “end-of-pipe” management to “source control.” During the 14th Five-Year Plan, enterprises should actively respond to green and low-carbon transformation and promote clean energy development.

Tax Data Shows Strong Momentum in China’s Tech Innovation in Early 2023

According to the State Taxation Administration on March 12, tax data indicates that in January-February 2023, China’s tech innovation momentum remains strong with multiple highlights. Notably, high-tech industry sales revenue increased by 16.1% year-on-year, maintaining rapid growth. High-tech service sales grew by 17.2%, especially in tech intermediary services (+25.6%) and scientific research (+17.4%). High-tech manufacturing sales rose by 14.5%, driven by aerospace, consumer electronics, and related sectors, with aerospace equipment manufacturing up 28.5% and electronics & communication equipment up 18.4%.

Linked to “Three Medicals,” Commercial Health Insurance Shows Accelerated Growth Signals

In recent years, public demand for health protection has increased, boosting the importance of health insurance, which now plays a key role in connecting healthcare industries and strengthening social security. Through coverage of special drugs and innovative payment methods, health insurance improves access to innovative medicines and high-end medical devices.

Shanghai Securities News

Addressing “Involution” Competition, Developing Marine Economy, Managing Local Pollution… Third “Ministerial Channel” Signals Multiple Policies

On March 12, at the third “Ministerial Channel” of the Fourth Session of the 14th NPC at the Great Hall of the People, leaders from the Ministry of Justice, Ministry of Natural Resources, and Ministry of Ecology and Environment outlined future policies, sending positive signals. This year’s legislative focus will be on optimizing the business environment.

New Direction for Monetary Policy in 2026: More Proactive and Effective

The government work report emphasizes continuing a moderately loose monetary policy. From increasing the scale of structural tools to regulating credit market behavior and lowering financing costs, new ideas and changes are emerging. Recent interviews with NPC and CPPCC representatives suggest that this year’s monetary policy will be more proactive and focused on improving effectiveness to boost high-quality economic development.

Hainan Free Trade Port Officially Launches Public Fund Sales to Overseas Investors

Recently, Hui Baichuan Fund and Peng’an Fund announced that their funds will be sold to overseas investors meeting the requirements of the “Hainan Free Trade Port Cross-Border Asset Management Pilot Business Implementation Rules.” This marks the official launch of public fund products available to foreign investors in Hainan. Industry insiders see this as opening new pathways for foreign capital to allocate Chinese assets and an ongoing step toward internationalization of the mutual fund industry.

“Emotional Consumption” Activates New Growth Momentum

During the NPC and CPPCC sessions, “emotional consumption” sparked discussions as a new driver of consumption. “People now travel not just for sightseeing but for hobbies,” said Wang Yu, NPC deputy and chairman of Spring Airlines. For example, during the Spring Festival, the Chaoshan route was very popular, with food becoming a major motivation for travelers—an example of emotional consumption.

Securities Times

Cambricon Achieves First Annual Profit, Revenue Up 453%

Domestic AI chip leader Cambricon (688256) posted its first annual profit in 2025, with a net profit attributable to shareholders of 2.059 billion yuan, turning a profit from previous losses.

From Thousands Queuing for Cloud Installation to Paid Downloads—The “Shrimp Farming” Boom: Buckle Up for the Ride

“Did you farm lobsters today?” This seemingly aquatic farming greeting has become a viral meme since 2026. The “shrimp” refers to OpenClaw, an open-source AI agent with a red cartoon lobster icon, affectionately called “little lobster.” Deploying, training, and using this AI agent is humorously called “shrimp farming.”

“Shrimp Farming” Boosts Mac mini Sales: Hard to Find in Huaqiangbei, Prices Jump Hundreds

The “shrimp farming” craze has driven Mac mini sales, as many prefer deploying OpenClaw on a macOS-compatible device for security reasons, leading to shortages and price hikes in stores.

Rising Oil Prices Continue to Impact Industry Chain; Severe “Baking” Test

Sudden escalation in Middle East tensions caused global energy markets to shake. Since March, international oil prices surged from around $70 to nearly $120 per barrel, then sharply fell back to around $80. On March 12, Brent crude broke $100 during trading, with 12 domestic energy and chemical futures hitting daily limit-ups, and the Wenhui Commodity Index reaching a two-year high.

China Securities Journal

Lithium Battery Industry Accelerates Overseas Expansion

On March 12, Shanghai Putailai New Energy Technology Co., Ltd. announced plans to invest $297 million (about 2.051 billion yuan) to build a negative electrode material plant in Malaysia, with an annual capacity of 50,000 tons of lithium-ion battery negative electrode materials.

Computing Power Leasing Sector Heats Up; Listed Companies Accelerate Deployment

As AI commercialization accelerates and downstream demand surges, the demand for computing power has exploded. On March 12, the sector performed strongly, with several stocks hitting daily limits, including Hongjing Technology and China Energy Construction.

Bank Wealth Management Products’ Performance Benchmarks Widely Lowered

Recently, many wealth management firms, including China Merchants Bank, Ping An, Xingye, Agricultural Bank, Bank of Communications, and Postal Savings, have lowered performance benchmarks for some products, shifting from fixed or interval benchmarks to market rate-linked, standardized pricing.

Data Center Infrastructure Booms; Companies Rush into Micro LED New Blue Ocean

Amid the booming computing infrastructure, energy supply and consumption optimization are hot topics. On March 12, Micro LED (next-generation self-emitting display tech) concept stocks surged, with BOE, San’an Optoelectronics, and Leyard leading gains. The previous day, stocks like Woge Optoelectronics and Bomin Electronics hit daily limits.

China National Radio

8000 MPa Breakthrough! China National Building Material Launches T1200 Grade Carbon Fiber Globally

On March 11, CBM Group held a global launch of SYT80 (T1200 grade) ultra-high-strength carbon fiber at its Beijing headquarters and JEC World in Paris, announcing mass production by its subsidiary Sinoma Eagle. This 8000 MPa strength breakthrough marks China’s entry into the international advanced level of high-performance carbon fibers, supporting new productivity and strengthening the manufacturing powerhouse.

First “Graduates” in the Science and Innovation Growth Layer; Six Companies Expected to “Graduate”

On the evening of March 12, Cambrian disclosed its 2025 annual report, with a net profit of 2.059 billion yuan, marking its graduation from the innovation layer. Other companies like BeiGene, OBi Zhongguang, Nuocheng Jianhua, Beixin Shengming, and Jingjin Electric are also expected to “graduate” soon.

Yicai Global

“14th Five-Year” Plan Approved, China Enters a New Stage of High-Quality Development

On March 12, after completing all agenda items, the 2026 NPC session concluded successfully. The “14th Five-Year” plan was approved, outlining a comprehensive blueprint for the next five years, with a clear vision of modernization.

Extreme Oil Price Fluctuations Leave Investors “Wiped Out”? Some Remain Calm

Recent volatile oil prices, with sharp rises and falls, have caused mixed investor outcomes—some profiting, others suffering heavy losses or margin calls. Investor Liu said, “This was the worst experience since I started trading futures options. I held a double-sell position on INE crude, misjudged the trend during continuous rises, added to my call options, and lost about 2 million yuan in five days. I’ve cut losses and won’t touch crude options again—too uncertain.”

Economic Information Daily

First Mention in Government Work Report: How Far Are We from “Future Energy”?

During the NPC, NPC member and China National Nuclear Corporation fusion chief scientist Duan Xuru was repeatedly asked when China’s “artificial sun” will be commercially available. Behind this hot topic is the quest for “future energy.”

More “Tech-Savvy” and Reform of the Growth Enterprise Board Imminent

Reforms include more precise listing standards, pre-IPO review, and optimized issuance pricing. These measures aim to better support technological innovation and high-quality development. Many NPC and CPPCC members believe these reforms will expand the growth space for the GEM and better serve new productivity.

(Source: Dongfang Caifu Research Center)