US President Trump: We don't need the Strait of Hormuz.

Key News 1. The People's Bank of China: Will continue to implement a moderately loose monetary policy and firmly maintain the stable operation of financial markets such as stocks, bonds, and foreign exchange. 2. The China Securities Regulatory Commission (CSRC) held a symposium with investment institutions on the "15th Five-Year Plan" for the capital market. 3. The State Administration of Foreign Exchange (SAFE): Will improve the monitoring and early warning system for cross-border capital flows and strengthen macro-prudential management when necessary. 4. The State Administration for Market Regulation (SAMR): Will intensify efforts to break down local protectionism and market segmentation, and thoroughly rectify "involutionary" competition. 5. The Ministry of Finance: From January to February, national general public budget revenue reached 4.4154 trillion yuan, a year-on-year increase of 0.7%; securities transaction stamp tax reached 49.9 billion yuan, a year-on-year increase of 110%. 6. The Ministry of Industry and Information Technology (MIIT): Will target urgently needed key materials and weak links in the industrial chain to improve the self-sufficiency level of key materials in key areas. 7. The Ministry of Commerce responded to Nvidia's chip sales to China. Individual Stock News 1. China Unicom: Net profit is expected to increase by 1.1% year-on-year in 2025, and it plans to distribute a full-year dividend of approximately 5.112 billion yuan. 2. Eastmoney: Net profit of RMB 12.085 billion in 2025, a year-on-year increase of 25.75%. 3. COSCO Shipping Holdings: Net profit of RMB 30.868 billion in 2025, a year-on-year decrease of 37.13%. 4. Dinglong Technology: The industrialization project with an annual production capacity of 300 tons of KrF/ArF photoresist has been completed and put into operation. 5. Biwin Storage: Net profit increased by 429% year-on-year in 2025; proposed dividend of RMB 2.14 per 10 shares. 6. Jiangbolong: The second largest shareholder, director Li Zhixiong, and vice general manager Gao Xichun plan to reduce their holdings by no more than 2.423 million shares in total. 7. Canadian Solar: The controlling shareholder CSIQ's revenue for the full year of 2025 was approximately RMB 39.98 billion, and the estimated revenue for Q1 2026 is RMB 6.43 billion to RMB 7.85 billion. 8. China Jushi: Net profit increased by 34% year-on-year in 2025; sales of fiberglass roving and electronic cloth reached new historical highs. 9. Jiuan Medical, with two consecutive daily limit-up moves: Its asset allocation business is beginning to attract market attention, but investment returns and fair value changes remain uncertain. 10. *ST Panda, with eight consecutive daily limit-up moves: The company's stock price has risen sharply for eight consecutive trading days; trading has been suspended for investigation since the 20th.

The German DAX index fell by 1.00% on the day.