Federal Reserve Governor Milan: The job market has shown a continuous weakening trend.

Key News 1. The People's Bank of China (PBOC) will conduct a 500 billion yuan Medium-term Lending Facility (MLF) operation with a one-year term. 2. Goldman Sachs maintains its overweight recommendation for Chinese stocks (A-shares and Hong Kong stocks), believing that the Sharpe ratio from A-shares will be higher in the short term. 3. The State-owned Assets Supervision and Administration Commission of the State Council (SASAC) will strengthen the leading role of key enterprises to attract more outstanding companies to settle in Xiong'an New Area. 4. The State Administration for Market Regulation (SAMR) held a symposium on price supervision and inspection and anti-unfair competition work in 2026. Individual Stock News 1. Biwin Storage: Signed a routine operating procurement contract with a storage equipment manufacturer, with a total committed procurement amount of US$1.5 billion. 2. China Telecom: Net profit of 33.185 billion yuan in 2025, a year-on-year increase of 0.5%. 3. CNOOC Services: Net profit of 23% year-on-year in 2025, proposed dividend of 2.825 yuan per 10 shares. 4. Huadian Engineering & Technology: Signed an 827 million yuan EPC engineering contract. 5. Zhonggong Hi-Tech: Net profit of RMB 45.5988 million in 2025, a year-on-year increase of 2.19%. 6. China Railway Signal & Communication: Net profit of RMB 3.686 billion in 2025, a year-on-year increase of 5.48%. 7. Milkland: Net profit of RMB 118 million in 2025, a year-on-year increase of 4.29%. 8. TCL Zhonghuan: Net loss of RMB 9.264 billion in 2025, a reduction in losses year-on-year. 9. Huaneng Power International: Net profit of RMB 14.41 billion in 2025, a year-on-year increase of 42.17%. 10. Shuanglin Group: Net profit of RMB 503 million in 2025, a year-on-year increase of 1.25%. 11. Shanghai Electric Group: Net profit of RMB 3.822 billion in 2025, a year-on-year increase of 47.74%. 12. Tianfu Communication: 1.6T optical engine products are being delivered normally, but there is a temporary shortage of some materials. 13. Haitian Co., Ltd.: There are uncertainties regarding the signing of a strategic cooperation agreement with Tongwei Solar to jointly develop perovskite slurry and other matters.

Switzerland's ZEW Economic Situation Index for March was 2.5, compared to -2.5 previously.