Morning Report

Saturday, April 4, 2026, Lunar Calendar February 17, Good Morning!
1. The Central Bank announced an additional 12 digital renminbi operation institutions, including 7 joint-stock banks and 5 city commercial banks, bringing the total to 22.
2. Ministry of Industry and Information Technology: Gradually developing space computing network construction and pilot verification, with steady progress in on-orbit deployment of large models.
3. Seven departments: By 2029, the outdated petrochemical and chemical equipment upgrade and renovation tasks confirmed in 2025 across various regions will be fully completed.
4. The Central Bank: On April 7, will conduct 8 trillion yuan of 3-month reverse repurchase operations; since 11 trillion yuan of similar operations mature on April 8, the amount will be reduced to 3 trillion yuan for the month.
5. The Tianlong-3 launch vehicle failed! Its performance is comparable to SpaceX's Falcon 9, capable of launching a 36-satellite constellation in one shot.
6. Shanghai Chuangxin Institute launches recruitment and admissions, jointly established by ShanghaiTech University, Shanghai Jiao Tong University, and Fudan University.
7. Wuhan Housing Provident Fund new policy: maximum 80% loan ratio for existing homes, with the removal of household registration restrictions for borrowers.
8. Ministry of Education: Mandatory education schools are strictly prohibited from establishing key classes, experimental classes, or fast/slow classes.
9. Starbucks completes joint venture deal with Boryu; China-owned stores will gradually transition to franchise model.
10. The Cambodian Senate passes the "Anti-Telecom Network Fraud Law" draft, to be implemented after the king's signing.
11. Iran announces it has shot down an F-35 fighter jet again and releases photos of the wreckage; the U.S. confirms: crew members are missing, and emergency rescue is underway.
12. Making history! Italy has failed to qualify for the World Cup finals for three consecutive tournaments, and the Football Association president resigns! Italy has won the World Cup four times; the last time qualifying for the finals was 12 years ago.