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People Finance News March 12 - Huali Chuangtong stated on its interactive platform on March 12 that the company is currently not involved in AI chip-related business and has no plans to develop AI chips. The company focuses on the research and development and application of satellite communication and navigation chips, with related products widely applied in specialized industries and civilian fields.

During the 2026 National Two Sessions, Wang Jun, President of the Henan Branch of the People's Bank of China, proposed recommendations to accelerate the construction and improvement of resource and environmental factor trading markets and strengthen local implicit debt supervision mechanisms. He emphasized the need to enhance financial support, increase market transparency, encourage financial innovation, and establish a comprehensive debt supervision system to prevent and mitigate local implicit debt risks.

Multiple companies released 2025 performance forecasts, with Cambricon, Shenzhen Circuit, and Baofeng Energy among enterprises showing significant net profit growth, with some companies planning dividend distributions. Meanwhile, Lixun Optoelectronics and other companies clarified they are not involved in false information, with market sentiment intensifying volatility. Multiple project wins and investment plans also reveal industry development trends.

The People's Government of the Guangxi Zhuang Autonomous Region has released a five-year action plan that focuses on promoting the renovation and upgrading of old streetscapes, factory areas, and urban villages, enhancing the quality of commercial districts, developing creative industry clusters, implementing high-quality urban village redevelopment projects, and promoting coordinated renewal of obsolete railway stations and surrounding streetscapes.

Representative Fan Yun suggested at the National Two Sessions that "property management" be renamed to "property services," which prompted a swift response from the Ministry of Housing and Urban-Rural Development, aimed at enhancing service awareness and homeowner rights. This proposal has garnered social attention and may influence the revision of the Property Management Regulations. Fan Yun also recommended multiple measures to improve property service standards.

Currently, concerns about minors' internet addiction and exposure to harmful content have attracted attention, with representatives and committee members calling for improved laws and regulations and strengthened platform accountability. The number of underage internet users has exceeded 196 million, but risks including gaming addiction, vision damage, and criminal activity exist. It is recommended to strengthen supervision, establish content recommendation standards, and protect minors' online safety.

China's Permanent Representative to the United Nations Fu Cong expressed disappointment that the draft resolution on the Middle East situation failed to pass in the Security Council vote. He reiterated support for the draft resolution proposed by Russia, calling on all parties to cease military operations and protect civilians.

With the growth of downstream demand, China's carbon fiber market is expected to reach 96,446 tons in 2025, with an increase of 71.89%. It is primarily applied in wind power and aerospace sectors. Multiple A-share carbon fiber concept stocks are expected to see improved performance.

On March 11, the A-share market rose with volatility, with the Shanghai Composite Index up 0.25%. The new energy sector performed actively, with CATL and Sungrow both reaching gains. Global energy storage demand is rising, and chemical stocks are collectively strengthening. Institutions predict that A-shares will return to fundamentals-driven performance, focusing on technology, domestic demand, and supply-demand dynamics.

People Finance News March 12 – Shanxi Securities (002500) announced on March 12 that to steadily advance the company's international development strategy and effectively enhance the cross-border investment and customer service capabilities of its subsidiary Shanzheng (Shanghai) Asset Management Co., Ltd. (referred to as "Shanzheng Asset Management"), the company plans to increase capital injection of 200 million yuan for Shanzheng Asset Management.

On March 11, the People's Bank of China convened a technology work conference, emphasizing risk prevention and high-quality development. Automotive production and sales data declined, with new energy vehicles increasing their market share. The International Energy Agency recommended releasing oil reserves to address supply tightness. US CPI rose 2.4%. Multiple companies released important updates, including Huarui Precision raising product prices, among others.

CITIC Securities' research report points out that by 2026, North American AI power demand will surpass conventional load growth, becoming a major driving factor. Gas turbine orders are expected to increase, which will drive domestic supply chain capacity expansion and overseas export potential.

China International Capital Corporation, March 12 - Looking ahead to 2026, CICC maintains a cautiously optimistic outlook on the sustainability of excess returns for actively managed equity funds. At the market level, emerging industry trends continue to emerge and sector rotation accelerates, providing structural excess return opportunities for active management; at the regulatory level, new supervision rules drive capability upgrades, and the establishment of platformized research and investment systems safeguard the stability of excess returns; at the funding level, incremental capital inflows are expected, redemption pressure on existing funds is narrowing, and a positive feedback loop of "performance-scale" is likely to form.

People's Finance News, March 12 – On March 11, Mingyang Smart Energy Group Co., Ltd. (abbreviated as "Mingyang Smart") and the People's Government of Hutai Town, Binhu District, Wuxi City, Jiangsu Province held a signing ceremony at Mingyang Group headquarters for the hydrogen fuel gas turbine whole-machine R&D and manufacturing project. Both parties officially reached a strategic cooperation agreement, with the high-end hydrogen energy equipment manufacturing project landing in Hutai Town, marking a further deepening of Mingyang Smart's industrial layout in the hydrogen energy equipment field.

Zijin Mining's wholly-owned subsidiary signed a partnership agreement with other companies to establish the Yinshan Dual-Circulation Equity Investment Fund. Zijin contributed 2.49 million yuan in equity, Zijin Investment contributed 97.51 million yuan, for a combined stake of 35.4%. This move aims to leverage professional investment institutions to promote innovation in logistics and supply chain management, as well as sustainable development, to support the company's business growth.

Shanghai Xinyang's 2025 operating revenue is projected to reach 1.937 billion yuan, a year-over-year increase of 31.28%; net profit attributable to shareholders of the parent company is expected to be 301 million yuan, up 71.12% compared to the previous year. The company plans to distribute a cash dividend of 4.8 yuan per 10 shares. The semiconductor industry performed exceptionally well, with operating revenue reaching 1.517 billion yuan, mainly due to technological advantages and successful market development. The coatings segment achieved revenue of 419 million yuan, but net profit declined due to industry pressures.

People Finance News, March 12 — On March 11, Menon, founder and chairman of APC Group, led the core team to visit Yuekang Pharmaceutical for investigation and exchange. Both parties conducted in-depth discussions on topics including supply chain collaboration, R&D innovation, and international market expansion, and signed a strategic cooperation framework agreement.

People's Finance News on March 12 announced that the Ministry of Industry and Information Technology is publicly soliciting feedback on 83 industry standard planning projects, including "Artificial Intelligence Product Service Search Intelligent Agent Capability Technical Requirements."