March 12th: Highlights and summaries of the front-page headlines from the four major domestic securities newspapers and important financial media

Thursday, March 12, 2026, the main headlines and highlights are as follows:

China Securities Journal

Trump Says Military Action Against Iran Will End Soon

According to Xinhua News, US President Trump on the 11th stated that there are “almost no targets left to strike” inside Iran, and US military operations against Iran will conclude shortly. CCTV News reports that Fatih Birol, Executive Director of the International Energy Agency, on the 11th said that member countries of the IEA have agreed to release 400 million barrels of strategic oil reserves to address the risk of global energy supply disruptions caused by Middle East conflicts.

Lei Jun Speaks! Xiaomi Will Invest 200 Billion Yuan Over the Next 5 Years

During the 2026 National People’s Congress (NPC) session, Lei Jun, NPC delegate, Chairman and CEO of Xiaomi Group, described new scenarios of deep integration in AI, robotics, automobiles, and intelligent manufacturing over the next 3-5 years. Lei Jun revealed that Xiaomi will invest 200 billion yuan in core technologies in the next five years. He also advised young entrepreneurs: focus on key innovations, find your direction amid the tide of the times.

Small and Medium Banks Face Diverging Paths in Bond Allocation: Some Increase Long-term Bonds, Others Observe Cautiously

“After the Spring Festival, we increased our allocation to long-term bonds, especially 30-year government bonds, mainly to leverage the current cost advantages on liabilities and extend durations to boost yields,” said a business manager at a rural commercial bank in East China to China Securities Journal. Recent surveys show that in Q1, the pattern of large banks lending and smaller banks buying bonds persists. Under market volatility, bond strategies among small and medium banks are diverging: some aggressively buy long-term bonds, while others focus on short-term varieties and adopt a cautious stance.

NPC Delegate Hu Laiyun from China North Industries Group’s Zhongnan Diamond: Global Cultivated Diamond Market Continues Rapid Expansion

During the NPC, Hu Laiyun, delegate and head of the Innovation Studio at Zhongnan Diamond, China North Industries Group, said that cultivated diamonds have opened a new growth space on the consumer side. The company has developed a dual-track model of “industrial diamonds + cultivated diamonds,” with cultivated diamonds now a key pillar of revenue and profit growth. The global cultivated diamond market is still rapidly expanding, with huge future growth potential.

Shanghai Securities News

Lobster Sparks Investment Research Circle, Financial Institutions Urgently Issue Risk Alerts

Recently, a “lobster” AI agent named OpenClaw has gone viral. Its icon resembles a lobster, hence the name. Many brokerage teams have issued operational guides and held sharing sessions, with participation far exceeding previous levels, covering public and private funds, insurance asset management, and listed company clients. Unlike cloud-based large models, OpenClaw runs entirely locally, with system permissions equal to users, capable of handling emails, coding, and even automatic shopping like a digital butler. For research personnel, the most attractive aspect is whether it can free them from tedious daily tasks. For investors, the key question is whether it is opening a new investment window.

NPC Standing Committee Member and Chinese Academy of Engineering Academician Qian Feng: Creating a New Model of “AI + Service-Oriented Manufacturing”

“Artificial intelligence is the core driving force for high-quality development of service-oriented manufacturing,” said Qian Feng. He suggested seizing the strategic opportunity of AI’s explosive growth, promoting digital intelligence to empower service manufacturing, strengthening digital platforms in manufacturing, enhancing data sharing and integration, and supporting comprehensive digital transformation of service manufacturing.

“Shanghai Price” Accelerates Toward the Global Stage

“Accelerate the construction of Shanghai as an international financial center,” “prudently expand financial market connectivity,” “further open up at a high level”… The draft of the 14th Five-Year Plan and government work report clearly outline plans for Shanghai’s financial development. Looking ahead to the “Fifteen Five” period, NPC delegates and experts recommend deepening financial system opening, enhancing Shanghai’s influence and discourse power, and boosting the overall capacity of Shanghai’s international financial center.

Financial Institutions “Going Global” in a Major Strategic Play

“Guide the rational and orderly cross-border layout of industrial and supply chains,” “expand export credit insurance coverage,” “support large state-owned financial institutions to improve comprehensive services,” “cultivate top-tier investment banks and investment firms”… The government work report, plans, and the draft of the 14th Five-Year Plan all set new development requirements for the financial sector.

Securities Times

“Supporting Excellence and Innovation” to Strengthen A-Share Refinance Trends

The 2026 government work report emphasizes deepening reform of the capital market, improving long-term capital entry mechanisms, protecting investors, and expanding private equity and venture capital exit channels. During the 14th NPC, CSRC Chairman Wu Qing stated that reforms will optimize refinancing review and registration, making the system more inclusive and adaptable, with a focus on supporting outstanding companies and innovation.

Lobster Boom: Public Funds Analyze AI Industry Investment Opportunities

Recently, the “electronic lobster” OpenClaw has become popular, pushing AI from content generation to task execution. Many public funds believe that as domestic tech companies follow suit, AI agent applications are increasingly embedded into real work scenarios, with rising call frequency and token consumption. This shift is changing industry focus from application tools to underlying infrastructure like computing power and new infrastructure projects such as computing and electricity collaboration.

Strengthening Market Stability Mechanisms to Purify the Capital Market Ecosystem

The healthy development of the capital market depends on strong, orderly regulation. Wu Qing, Chair of the CSRC, recently said that the focus remains on risk prevention, regulation, and high-quality growth, balancing development and safety, and building investor and market confidence through strict legal enforcement.

Bidirectional Power and Computing to Build a New Power System

The 2026 government work report first proposed “creating a new form of intelligent economy,” including “large-scale intelligent computing clusters, computing-electrical synergy, and new infrastructure projects,” supporting nationwide integrated computing power monitoring and public cloud development. This highlights the importance of integrating computing and electricity, which will reshape industries and accelerate the formation of a new intelligent economy.

International Oil Prices Remain Volatile; Chemical Prices Rise Across the Board

Amid high international oil prices, chemical industry chain prices are generally rising. Basic chemicals and downstream products have seen varying increases, with costs passing down the chain. Many chemical and building material companies have announced price hikes to offset raw material cost increases.

China National Radio

People’s Bank of China: Actively and Safely Promote AI Applications in Finance

On March 11, the PBOC held its 2026 science and technology work conference. The meeting studied the spirit of the 20th CPC Central Committee and the Central Economic Work Conference, summarized 2025 tech work, analyzed current conditions, and planned key tasks for 2026.

Deep Dive into “Fifteen Five” Development: Securities Regulators Interpret Capital Market Directions

On March 6, CSRC Chair Wu Qing attended the 14th NPC Fourth Session’s economic press briefing, outlining five key goals for high-quality development of the capital market during the “Fifteen Five” period, including reforms to the ChiNext Market and refinancing mechanisms, providing clear future development pathways.

21st Century Business Herald

Jiangsu’s Top Tycoon in Shipbuilding Surges 120 Billion

Jiangsu’s richest man, Chen Jianhua, has found a new growth phase. On March 9, his controlled company *ST Songfa announced that its net profit in 2025 skyrocketed tenfold to 2.65 billion yuan, and it applied to “remove the star and帽” (delisting or reclassification).

Anhui’s 12.5 Billion Yuan Liquor Tycoon Changes Leadership

Hui wine second-largest producer, Yingjia Gongjiu, announced on March 11 that General Manager Qin Hai resigned due to work adjustments but remains a director and strategic committee member. His term was set to end in September.

First Financial

International Energy Agency Members Agree to Release 400 Million Barrels of Oil Reserves; Japan Acts First

On March 11, IEA announced the largest-ever release of oil reserves, totaling 400 million barrels, to address market disruptions caused by Middle East conflicts. All 32 member countries agreed to release their emergency reserves.

Yingke Law Firm Announces: Financial Incident Involving Mei Xiangrong Linked to Family-Run Company

On the evening of March 11, Yingke Law Firm issued a statement clarifying that founder Mei Xiangrong’s involvement in a financial guarantee incident was related to a family business, and unrelated to the firm’s legal practice. The firm continues normal operations and will disclose compliant information in accordance with regulations.

Economic Information Daily

“Urban-Rural Income Increase Plan” First Mentioned in Government Report: How to Fill the “Money Bag”?

For the first time, the “urban-rural income increase plan” was included in the government work report, becoming a focus during the NPC. The plan aims to promote income growth for low-income groups, increase property income, and improve salary and social security systems.

Delegates Suggest Deep Integration of AI and Healthcare

During this year’s NPC, the deep integration of AI and healthcare was a hot topic. Many delegates believe that digitalization should enhance both the intelligence and warmth of healthcare services, directly affecting people’s sense of gain and happiness. They advocate for high-quality development of “AI + healthcare” to truly serve the public.

(Article source: Oriental Fortune Research Center)