French President Macron: I spoke with the Israeli president and expressed France's full support for Israel. The attacks by Iran and Hezbollah must stop immediately.

Domestic News 1. Wang Yi speaks with Iranian Foreign Minister Araghchi by phone. 2. Goldman Sachs maintains its overweight recommendation for Chinese stocks (A-shares and Hong Kong stocks). 3. The People's Bank of China: A 500 billion yuan MLF operation will be conducted on March 25th, with a term of one year. 4. The State Administration for Market Regulation holds a symposium on price supervision and inspection and anti-unfair competition work in 2026. 5. Chow Tai Fook postpones price adjustments for its "fixed-price" products; stores say they have received the new price tags and are waiting for headquarters' notification. International News 1. The Philippines declares a national energy emergency. 2. Poll: Trump's approval rating drops to its lowest level since returning to the White House. 3. US media: The US Department of Justice admits that the investigation into Powell lacks evidence. 4. The EU postpones its proposal to permanently ban Russian oil imports, originally scheduled for April 15th. 5. World Gold Council: Driven by geopolitical risks, more central banks will increase their gold holdings. 6. India extends its gold import tariff quota authorization with the UAE until June 30. 7. Sources say Turkey is considering using its $135 billion gold reserves to support the depreciating lira. 8. Iran Situation— ① Israeli media: The US intends a one-month ceasefire to discuss a 15-point agreement with Iran. ② US media: High-level talks between the US and Iran may begin as early as Thursday, but are still awaiting a response from Tehran. ③ US media reports that the Saudi Crown Prince urged Trump to continue the war against Iran. Trump hinted at this. ④ Bagher Zorgader has been appointed Secretary of Iran's Supreme National Security Council. ⑤ Trump stated that the US and Iran are negotiating, dealing with the right people, and that Iran wants an agreement and has agreed to "never possess nuclear weapons." Iran has offered a significant gift related to oil and gas. ⑥ The 15-point peace proposal put forward by the United States includes: dismantling existing nuclear capabilities, a commitment not to develop nuclear weapons, a ban on uranium enrichment on its territory, the transfer of approximately 60% of its highly enriched uranium stockpile, restrictions on ballistic missile programs, and a halt to support for regional allies' armed forces. In exchange, Iran may receive a complete lifting of international sanctions. ⑦ Iran has again been reported to be demanding a $2 million "transit fee" for a single trip, which Iranian officials have previously denied. ⑧ Trump retweeted a post from the Pakistani Prime Minister, who stated his willingness to act as a mediator. ⑨ The United States continues to move forward with the deployment of the 82nd Airborne Division to the Middle East. ⑩ British media: Iran prefers Vance to lead the negotiations, accusing Kushner and Witkov of "betrayal."

HANG SENG INDEX RISES 1% AT EARLY TRADE, WITH HANG SENG TECH INDEX UP MORE THAN 1.5%. NONGFU SPRING SURGED OVER 11%, AND LAOPU GOLD CLIMBED MORE THAN 7%