Overview of Important News on April 3rd

What are the important updates?

1. To maintain ample liquidity in the banking system, on April 7, 2026, the People’s Bank of China will carry out an 800 billion yuan buyout-style reverse repo operation using a fixed amount, interest-rate tender bidding, and a multi-price bidding approach. The term will be 3 months (89 days), with the maturity date being July 5, 2026 (if it falls on a holiday, it will be deferred accordingly).

2. On April 2, the State Administration for Market Regulation held an administrative guidance meeting for takeaway platform companies in Beijing, guiding Meituan, Taobao Flash, and JD.com’s three platform enterprises to strictly implement the “Supervision and Administration Provisions for Food Safety Responsibilities of Online Catering Business Operators” that will take effect soon (hereinafter referred to as the “Provisions”). It will strengthen enterprises’ primary responsibility for food safety, take practical and effective measures, and ensure consumers’ food safety. The meeting emphasized that takeaway platform companies should use June 1, the date when the “Provisions” officially take effect, as the time node, reverse the construction schedule, and in comparison with all requirements of the “Provisions,” comprehensively sort out existing links such as current systems, procedures, staffing, and technical support, and quickly launch self-check and rectification. It should strictly control the review, management, and delivery stages, strengthen technology-enabled management, proactively integrate into the government’s regulatory system, and shift from “being passively on the receiving end” to “actively connecting and coordinating.” Through promoting “Internet + bright kitchen and dining hall,” encouraging takeaway riders to participate in food safety supervision, and other measures, a new framework for co-governance of food safety involving the whole society will be jointly built.

3. SSE: This week, the Shanghai Stock Exchange took self-regulatory regulatory measures against 205 instances of abnormal securities trading behaviors such as price-boosting or price-pressuring and false declarations. It will focus on monitoring funds with relatively high premiums such as the China-Korea Semiconductor ETF, Southern Oil LOF, and the S&P Oil & Gas ETF, as well as key-focus monitoring of stocks with delisting risk warning such as *ST Zhengping due to abnormal price fluctuations after applying to delisting risk warnings. It will also carry out special verification on 22 major matters of listed companies, and report one case clue suspected of illegal and违规 conduct to the CSRC.

4. The General Offices of the Ministry of Industry and Information Technology and the General Offices of the All-China Federation of Supply and Marketing Cooperatives jointly issued a notice on further strengthening the construction of an electric bicycle lithium-ion battery recycling and utilization system. It proposes that each locality should leverage enterprises and other business entities participating in the supply and marketing cooperatives to give full play to the role of a three-tier recycling system supported by recycling points, transfer stations, and sorting centers. It should guide electric bicycle production enterprises, lithium-ion battery production enterprises, and other entities to cooperate with supply and marketing cooperatives’ resource recycling and utilization enterprises. Based on the actual work, through co-building or entrusting construction, it will carry out the construction, operation, and management of lithium-ion battery temporary storage points and recycling service outlets. It encourages supply and marketing cooperatives at all levels to rely on existing networks for recycling and utilization of renewable resources, guide supply and marketing cooperatives’ renewable resource recycling enterprises to standardize key steps such as lithium-ion battery recycling, storage, and other processes, and strengthen cooperation with lithium-ion battery comprehensive utilization enterprises to ensure standardized comprehensive utilization of lithium-ion batteries. It will strengthen interface and coordination between transfer stations, sorting centers, and comprehensive utilization enterprises, encourage transfer stations and sorting centers to carry out graded and quality-based utilization of renewable resources, and improve the level of high-value utilization of renewable resources.

5. The State Internet Information Office is soliciting public comments on the “Measures for the Administration of Digital Virtual Human Information Services (Draft for Comment)” and has made the draft available for public comment. The draft for comment proposes that any organization or individual providing or using digital virtual human services should respect intellectual property rights and business ethics. When using other people’s works or products made from text, artworks, photography, music, audio-visual works, etc. to produce digital virtual humans, as well as during the use of digital virtual humans by various entities, it must not infringe upon intellectual property rights that others lawfully enjoy. It is prohibited to induce minors to become addicted to digital virtual human services. It is not allowed to provide minors with virtual intimate relationships such as virtual relatives and virtual partners, and it is not allowed to provide digital virtual human services that induce excessive consumption, induce devotion to religion, etc., as well as digital virtual human services containing information that may cause or induce minors to imitate unsafe behavior, carry out conduct that violates social morality, generate extreme emotions, cultivate bad habits, or other information that may affect minors’ physical and mental health.

6. CPIA Automotive: In January–February 2026, revenue in the auto industry was 1.48T yuan, down 0.9% year over year; costs were 1.31T yuan, up 0.2%; profit was 43.5 billion yuan, down 30% year over year. The auto industry’s profit margin was 2.9%. Compared with the average profit margin of 5.8% for downstream industrial enterprises, the auto industry is still relatively low.

7. Iranian media reports: A statement released by Iran’s military said that if the United States dares to take action against Iran’s infrastructure, Iran will destroy “all assets and infrastructure” of the United States and Israel in the Middle East. According to the Iranian Fars News Agency, the statement is a response to statements by U.S. President Trump in recent times repeatedly threatening to undermine Iran’s bridges, power plants, and energy infrastructure. The statement says that if these threats are carried out, Iran will destroy “all assets and infrastructure” of the United States and Israel in the Middle East; the scope of strikes may further expand to “important assets in the Middle East of the United States’ followers.” The statement also said that for countries with U.S. military bases—if they hope to avoid being affected—they should urge U.S. forces to withdraw from their territory. (Xinhua News Agency)

Don’t miss thesecompany news

Tianjin Pharmaceuticals: The company’s R&D is mainly based on generic drugs, with no innovative drug projects currently under development.

Xinghui Environmental Materials: If raw material prices fluctuate sharply, the company may not be able to effectively resolve cost pressure through conventional cost-transfer mechanisms.

DeKeli: The company’s optical switching (OCS) products have not yet obtained bulk orders from mainstream overseas manufacturers.

Shandong Yueda Silicon Materials: In Q1, net profit is expected to increase year over year by 397.02%—451.34%.

*ST Jinglun: The company’s stock has reached the mandatory delisting indicators for trading, and the stock is suspended.

China Jifang Group: Plans to repurchase the company’s shares for 200 million—400 million yuan.

Chuanjin Nuo: In Q1, net profit is expected to decline year over year by 33.35%—47.24%.

BOE A: Received financing support from financial institutions to repurchase company shares of no more than 5 billion yuan.

Zhuhai Zhongfu: The controlling shareholder will be changed to Hengqin Xingying, and the stock will resume trading.

Elink Digital: The company has been filed for investigation due to suspected violations in information disclosure.