**China Securities Journal** The State Administration for Market Regulation has issued a directive focusing on preventing excessive "inward-rolling" competition in key sectors. The notice requires comprehensive measures to address cutthroat competition in platform economy, photovoltaics, lithium batteries, and new energy vehicles. It emphasizes precise identification and legal action against platform enterprises forcing merchants to sell below cost through various means.
The Smart Shipping 2030 Action Plan has been released, aiming to accelerate breakthroughs in intelligent vessel technology and equipment while deepening smart port construction. The plan targets cultivating new productive forces in shipping, enhancing safety, improving efficiency, and reducing costs.
The sixth China International Consumer Products Expo will highlight premium products and debut innovations. Scheduled for April 13-18 in Hainan, it will feature over 3,400 brands from 60+ countries with international exhibits accounting for 65% of displays.
Long-term funds' major holdings were disclosed as institutions view A-market adjustments as opportunities. The Shanghai Composite Index reversed early losses to close higher on March 30, with over 2,800 stocks advancing. Aluminum, industrial metals, and semiconductor equipment sectors led gains while power stocks corrected.
**Shanghai Securities News** Four ministries jointly released the Smart Shipping 2030 Action Plan, marking systematic advancement in China's intelligent shipping development. Experts note this plan serves as both an action guide and strategic deployment for reshaping global shipping competitiveness.
Six major state-owned banks reported revenue and profit growth for 2025, with total dividends exceeding 400 billion yuan. Combined net profits reached approximately 1.42 trillion yuan, with core indicators showing quarterly improvement.
Central SOEs led A-share companies in distributing over 700 billion yuan in dividends. Among 600 companies announcing cash dividend plans, SOE-controlled firms contributed over 400 billion yuan. High-dividend trends were notable in electronics, pharmaceuticals, and machinery sectors.
SERES achieved profitability for two consecutive years and announced a 1-2 billion yuan share repurchase plan. The company reported record revenue of 165.05 billion yuan (+13.7% YoY) and net profit of 5.96 billion yuan for 2025, with R&D spending surging 77.4%.
**Securities Times** Biopharmaceuticals were designated as emerging pillar industry in the 2026 government work report, signaling its role in driving economic growth during the 15th Five-Year Plan period. This endorsement reflects China's commitment to healthcare innovation and global tech competition.
Token emerges as key commodity in AI era, with consumption growing exponentially as AI agents transition to autonomous operation modes. The proliferation of applications like OpenClaw has transformed tokens from training byproducts into strategic, tradable assets.
Guangdong issued 16 financial measures to support traditional industry upgrades. The policy explores new financial service models matching local economic structure, helping shift from scale advantages to quality advantages.
Market regulator intensifies anti-"inward-rolling" efforts across multiple dimensions to safeguard high-quality digital economy development. New guidelines establish clear regulatory boundaries for competition irregularities in key sectors.
**Securities Daily** Commerce Ministry will launch optimized version 2.0 measures for tax refunds for overseas tourists. The sixth Consumer Products Expo in Hainan will emphasize international premium products and debut innovations as the first major exhibition after Hainan's full customs closure.
Five chief economists forecast Q1 GDP growth around 5%, anticipating strong economic start in 2026. They expect macro policies to remain proactive and targeted to achieve annual objectives.
Global energy storage demand surges with listed companies reporting full order books. Market expansion drivers include renewable energy integration, grid peak-shaving, data center needs, and residential storage applications.
Six major state-owned banks reported combined net profit of 1.42 trillion yuan for 2025, planning total cash dividends exceeding 220 billion yuan. All banks achieved dual growth in revenue and net profit with stable asset quality.
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