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In March, the delivery of the first contract of pure benzene futures was successfully completed, involving 1,199 lots and approximately 36k tons, widely recognized by market participants. The delivery process was standardized and efficient, supporting industry transformation and risk management, and will continue to promote the healthy development of the pure benzene futures market in the future.

Chando has updated its prospectus, planning to list on the Hong Kong Stock Exchange, and to raise 742 million yuan in 2025. From 2023 to 2025, annual revenue is 4.442 billion yuan, 4.6 billion yuan, and 5.318 billion yuan, respectively; the overall valuation in 2025 is 7.14 billion yuan. Zheng family siblings are the major shareholders, and Zheng Chunying is the Chairwoman.

Inner Mongolia Wuhai City has issued a consumer alert, reminding consumers to beware of the “lighting beautification” trap used on fresh products. By using methods such as red light and green light, sellers may mislead consumers in judging the freshness of fresh products. Market supervision authorities will strengthen oversight, encourage consumers to observe the environment, compare the color, and inspect the texture, so they can independently identify legitimate fresh products, and provide reporting channels.

Cailian Press, April 7 (Editor: Zilong) — Today (April 7) marks the one-year anniversary of the “4.7 Market Rally.” During this period, market activity has continued to rise; meanwhile, the A-share average stock price index, which reflects the overall performance of individual stocks, has accumulated a 47.1% increase, and a large number of star stocks have also emerged.
Note: Changes in the A-share average stock price (as of the April 7 close)
Scanning major index moves, with key focus on rising sectors
Based on the past 1 year’s market trend (the closing price on April 7, 2026 compared with the closing price on April 7, 2025), the major market indices have all delivered notable gains, and the small- and mid-cap stock indices have been especially active. Specifically, the ChiNext Index led the market with an increase of 74.9%, followed closely by the CSI 2000, Guozheng 2000, CSI 500, and the Shenzhen Component Index, whose 1-year gains are also above 40%. Meanwhile, the Dividend Index, SSE 50, and the Beiqi 50 are also

Nuo Cheng Jianhua Pharmaceutical Co., Ltd.'s 2025 financial report shows revenue reaching 2.38B yuan, a year-over-year increase of 135.27%. Net profit is 642 million yuan, turning from a net loss to a profit. The shareholder structure has changed significantly, with King Bridge possibly having liquidated holdings and cashed out over 2 billion yuan.

China National Petroleum Corporation's 2025 annual performance report shows that revenue and net profit decreased by 2.5% and 4.48% year-on-year, mainly due to the decline in international oil prices.
Although upstream business profits were affected, refining and chemical operations performed relatively stably, with stock prices rising consecutively over the past five years, and dividend proposals also demonstrating the company's commitment to rewarding investors.
The impact of Middle Eastern conflicts on the market and future oil price trends have attracted attention.

Xinghaitu recently announced a financing of 2 billion yuan, with a valuation surpassing 20 billion yuan, becoming the highest-valued embodied intelligence company. Since its founding, the company has focused on research and development, planning to release a foundational model by 2026 and improve model efficiency through real-world scene data. At the same time, Xinghaitu will establish an investment fund to promote the development of the industry ecosystem.

The scrapped vehicle dismantling industry in Shandong has seen chaos, with legitimate companies facing the dilemma of having no cars to dismantle, while small workshops illegally resell parts, disrupting the market and causing environmental pollution. In response, experts recommend strengthening cross-departmental joint law enforcement, promoting industry transformation and upgrading, and achieving circular economy development.

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Data shows that as of March 25, 23 companies in China’s A-share semiconductor industry (Shenwan industry classification) have already disclosed their 2025 annual reports. Among them, 14 achieved year-over-year growth in net profit, 3 turned losses into profits, and 2 reduced losses. Driven by the surge in demand for high-performance computing (HPC) and AI, listed companies in multiple sub-sectors—including computing chips, memory chips, and power semiconductors—have reported good earnings.
Data shows that, boosted by AI investment demand, global semiconductor sales reached $791.7 billion in 2025, a year-over-year increase of 25.6%, setting a historical record. The China market also performed strongly, with semiconductor sales growing by more than 1% year over year in 2025.

Gold futures declined in the early trading session due to technical retracement, with spot gold down 0.4%. Analysts point out that if U.S. Treasury yields rise and oil prices surge, gold will continue to face downside risks, especially in the event of failed U.S.-Iran negotiations. Gold is sensitive to geopolitical tensions and monetary policy.

On March 25th, the A-share market continued its rebound, with the Shanghai Composite Index breaking through 3,900 points. The power sector performed strongly, computing power leasing concept stocks were active, and technology stocks continued to recover, with market sentiment somewhat improving. Institutional views are unanimously optimistic about the future market, recommending attention to investment opportunities in technology, domestic demand, and risk-averse sectors.

“Horizontal stores are only in Dongyang; vertical stores are everywhere.” The explosive growth of micro-short dramas shot in vertical formats has enabled “vertical stores” to spring up in many places, significantly lowering the filming costs of micro-short dramas and injecting fresh vitality into the industry. However, since this year’s Spring Festival, artificial intelligence (AI) video technology has been launching challenges to this emerging business model at an even lower cost.
　　When the tide of technology rolls in, is it that real people are being replaced, or that the industry is welcoming new life? In a fiercely competitive micro-short drama industry, the industry is once again exploring a path to break through, this time in the direction of producing more refined works.
“Vertical stores” rise: cultural vitality is transformed into economic value
　　At Zhengzhou Jianye Film Town, several actors have just finished emotionally charged opposing scenes, and immediately get ready for the next scene’s lines. Unlike long-drama crews, micro-short drama crews can complete scene changes quickly, and then begin filming again.
　　Since 2025, a number of micro-short drama filming bases have been thriving in multiple locations across the country, largely due to shooting in vertical format

Event:
The company released its 2025 annual report. In 2025, the company achieved operating revenue of 4.55 billion yuan, a year-on-year decrease of 3.8%. Net profit attributable to the parent was 320 million yuan, a year-on-year decrease of 3.9%. Non-recurring net profit attributable to the parent was 330 million yuan, a year-on-year decrease of 7.0%. Net cash flow from operating activities was 370 million yuan, a year-on-year decrease of 1.7%. Basic earnings per share were 0.55 yuan, a year-on-year decrease of 3.85%. The weighted average return on net assets was 9.28%, a decrease of 0.76 percentage points year-on-year. The company plans to distribute a cash dividend of 3 yuan (tax included) for every 10 shares to all shareholders.
Among them: Q4 achieved operating revenue of 1.31 billion yuan, a quarter-on-quarter increase of 21.5%, and a year-on-year increase of 6.5%. Net profit attributable to the parent was 30 million yuan, a quarter-on-quarter decrease of 60.4%, and a year-on-year decrease of 52.1%.
Investment Highlights:
The company's new energy vehicle and liquid cooling revenue continued to grow,

By the end of February 2026, the scale of publicly offered funds in our country reached 38.61 trillion yuan, setting new highs for 11 consecutive months. In February, money market funds and bond funds became the main drivers, increasing by 579.511 billion yuan and 216.734 billion yuan respectively, reflecting investors’ preference for more stable products, while demand for QDII funds is also rising.

OpenAI has discontinued the video generation tool Sora, indicating that the company is re-evaluating expenses in response to competitive pressure and shifting towards financial tightening in preparation for an IPO. Although collaborations with Disney once involved significant investment, rising costs have forced the company to cut projects. Meanwhile, industry competition is intensifying, with companies like Google and Meta actively advancing AI products.

These days, the global market is in turmoil.
The Federal Reserve’s rate-hike expectations swing back and forth, Europe’s economy struggles amid the energy crisis, Japan is still searching for a way out after its “lost decades,” and all around us, discussions about “economic slowdown,” “a downgrade in consumption,” and “hard to find jobs” have never stopped.
Many people ask: What on earth is happening in this world? As ordinary people, how should we make sense of these bewildering and complex changes?
My answer is: If you can’t understand today, go back and look at history. History won’t repeat, but it always rhymes.
Recently, I read a new book—*300 Years of Western Powers Battling for Supremacy*. The author is Wang Dongjing, an economist who has long lectured to officials at the provincial and ministerial level, as well as at the prefecture and bureau level. Using a 300-year span, he breaks down the rise and fall and the ups and downs of eight countries—the United States, the United Kingdom, Germany, France, Italy, Canada, Russia, and Japan—then lays it all out for us piece by piece.

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　　Source: International Financial News
　　As we enter 2026, the enthusiasm among listed companies for purchasing wealth management products seems to be cooling down.
　　The International Financial News reporter analyzed Wind data and found that compared to the same period last year, the number of listed companies subscribing to wealth management products, the subscription amounts, and the holdings have all declined significantly this year. In terms of capital allocation, structured deposits account for about 58%, but both the scale and proportion have decreased compared to last year, while bank wealth management, brokerage wealth management, and trust investments have increased their share.
　　However, in the recently disclosed 2026 entrusted wealth management plans, many institutions have also raised the investment cap. Looking ahead, experts interviewed point out that

Wednesday, sources familiar with the matter revealed that the aerospace and satellite company SpaceX, founded by Tesla (TSLA.US) CEO Elon Musk, is considering setting its fundraising target at around $75 billion, far exceeding previous market expectations.
Sources say that SpaceX has discussed the possibility of raising over $70 billion with potential investors. If finalized, this scale would not only significantly surpass the earlier estimate of approximately $50 billion but also set a new global IPO record, far exceeding Saudi Aramco's $29 billion in 2019.
Regarding the timeline, SpaceX still plans to go public in June of this year, but the specific timing remains flexible. The company may submit its IPO application confidentially as early as this month, though the final plan is still subject to change.
In terms of valuation, market expectations are also attracting attention. Sources familiar

On April 11th, Chongqing held the "Wai Ren Relaxation Conference" and the brand spirit launch event for Wai Zui Liquor, aiming to promote the "Wai Ren" spirit of "not giving up, not accepting fate, and not quitting."
The event featured the "Wai Ren Attitude Exhibition" and a "Relaxation Zone," offering a variety of experiences to encourage the public to understand the importance of relaxation and emphasize a healthy lifestyle attitude.