The People's Bank of China and three other departments jointly held a Technology Finance Work Exchange and Promotion Meeting... And here are some more important pre-market updates.

What major updates are there

1. On March 31, the People’s Bank of China, the Ministry of Science and Technology, the National Financial Regulatory Administration, and the China Securities Regulatory Commission jointly held a working meeting to exchange and promote developments in science and technology finance. The meeting emphasized that the “15th Five-Year Plan” period is a critical phase for building a strong technological nation, and that science and technology finance must provide higher-quality services to support this goal. Relevant departments and institutions should pool their efforts, continuously improve the mechanisms for science and technology financial work, and steadily advance the key tasks for the year. They should also strengthen coordination among relevant departments, local governments, and financial institutions, expand information sharing, accelerate the development of a market for technological elements, and improve the efficiency of financial resource allocation. Additionally, they should enhance specialized capabilities in science and technology financial services, and enrich financial products suited to high-tech sectors. By leveraging policies such as science and technology innovation, technology upgrade re-lending, equity investment pilot programs for financial asset investment companies, merger and acquisition loans, and the “Science and Technology Board” in the bond market, efforts will be made to direct financial resources more precisely into the field of technological innovation.

2. Regarding the five-point proposal jointly issued by China and Pakistan on March 31 to restore peace and stability in the Gulf and Middle East regions, Foreign Ministry spokesperson Mao Ning stated at a routine press conference on April 1 that the main content of the proposal can be summarized as “one ceasefire, two talks, three guarantees”: immediately cease hostilities, initiate negotiations as soon as possible, ensure the safety of non-military targets, guarantee the security of navigation routes, and uphold the primacy of the UN Charter. As important countries in the Global South, China and Pakistan have issued a rational and just call, aiming to foster broader international consensus and stronger cooperation, and to contribute to easing current tensions and restoring peace in the Gulf and Middle East. “This initiative is open. We welcome responses and participation from all countries and international organizations. China will continue to maintain close communication with Pakistan and relevant parties to play a constructive role in promoting ceasefire and de-escalation.” (Xinhua News Agency)

3. Concerning reports of issues such as origin-faking and false advertising related to the cross-border e-commerce health supplement “YouSiYi,” the Office of the State Council for Food Safety, the State Administration for Market Regulation, and the General Administration of Customs attach great importance. They have immediately organized investigations with local market regulation authorities and customs, strictly cracking down on illegal and non-compliant activities, and actively safeguarding market order and consumers’ legitimate rights and interests.

4. The National Development and Reform Commission, the Ministry of Commerce, and the Ministry of Finance will soon carry out the second batch of centralized storage and purchase of the government’s frozen pork reserves this year, requiring all regions to coordinate and implement storage simultaneously to better stabilize the market. Moving forward, these departments will continue to closely monitor hog market trends, increase the scale of centralized storage, strengthen comprehensive regulation of production capacity, guide farmers and breeders to plan production reasonably, and promote stable market operation.

5. On April 1, several airlines including Air China, XiamenAir, and China United Airlines announced adjustments to the fuel surcharge rates for domestic passenger flights. Starting from tickets sold on or after April 5, 2026, the fuel surcharge will be set at: 60 RMB per passenger for routes of 800 kilometers or less; 120 RMB per passenger for routes exceeding 800 kilometers.

6. An interview published in The Daily Telegraph on April 1 reports that U.S. President Trump is “seriously considering” withdrawing the United States from NATO.

These company news stories are not to be missed

Suzhou Gulang: The controlling shareholder plans to increase its holdings by 50 million to 100 million yuan.

BYD: In March, sales of new energy vehicles reached 300,200 units.

Seres: In March, new energy vehicle sales totaled 22,706 units, up 20.74% year-over-year.

SAIC Motor: Projected net profit growth of 506.45% in 2025, with a proposed dividend of 2.66 yuan per 10 shares.

Joyoung (Xin Lin Men): The China Securities Regulatory Commission has filed a case against the company for suspected violations of information disclosure regulations.

Dapeng Beverage: Plans to repurchase shares worth 1 to 2 billion yuan.

Nante Technology: The company is under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure laws.

Zhuhai Zhongfu: Currently planning a private placement, with trading suspended.

Gansu Energy & Chemical: Planning to acquire 100% equity of Jinchang Chemical; stock trading has been suspended since April 2.

Proofread by: Zhao Yan