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Market news: Israeli sources say a gasoline storage tank caught fire at the Haifa refinery.

2026-03-30

Market news: Israeli sources say a gasoline storage tank caught fire at the Haifa refinery.

Other News
2026-03-30

At the opening of the A-share market, the Shanghai Composite Index fell 0.75%, the Shenzhen Component Index fell 1.03%, and the ChiNext Index fell 1.26%. Sectors such as CPO, memory chips, and AI smartphones saw the largest declines.

At the opening of the A-share market, the Shanghai Composite Index fell 0.75%, the Shenzhen Component Index fell 1.03%, and the ChiNext Index fell 1.26%. Sectors such as CPO, memory chips, and AI smartphones saw the largest declines.
2026-03-30

China has increased the ceiling for its Qualified Domestic Institutional Investor (QDII) program to $176.17 billion at end-March, up $5.3 billion from a month earlier, marking the largest expansion since 2021 and the first hike since June last year,

China has increased the ceiling for its Qualified Domestic Institutional Investor (QDII) program to $176.17 billion at end-March, up $5.3 billion from a month earlier, marking the largest expansion since 2021 and the first hike since June last year, according to State Administration of Foreign Exchange. The QDII scheme allows approved domestic institutions to invest in overseas securities within set limits. The move comes amid relatively stable yuan conditions and reflects stronger domestic demand for offshore assets, with officials including currency regulator Zhu Hexin signaling plans to support cross-border investment and yuan internationalization. Analysts said the timing suggests confidence in managing capital flows despite global uncertainty. Becky Liu, head of China macro strategy at Standard Chartered Bank, said the increase reflects long-planned capital account opening, while Xiaojia Zhi, economist at Crédit Agricole CIB, said it signals efforts to promote two-way cross-border flows and confidence in yuan stability.
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