Iran has presented a 10-point response to a US proposal to end hostilities, with American officials describing the demands as excessive. According to reports, the core conditions include securing a permanent end to the conflict based on Iran's concerns, resolving regional disputes, establishing a safe passage agreement for the Strait of Hormuz, post-war reconstruction, and the lifting of sanctions.
Specifics of the potential US-Iran ceasefire have emerged, indicating a framework where Iran would abandon its nuclear program in exchange for the removal of sanctions and the unfreezing of assets. The proposed peace plan involves a two-step process: an immediate ceasefire followed by negotiations for a comprehensive agreement. This development comes after US President Trump threatened severe consequences if Iran refused a deal.
President Trump has issued a new ultimatum, stating that if Iran does not capitulate by 8:00 PM ET on April 7, the US will strike Iranian civilian infrastructure. He claimed to have plans ready to destroy bridges and power plants, a process he asserted could be completed within four hours, though he expressed a desire to avoid such action. Trump also remarked that Iran could be defeated overnight, potentially on the night of April 7.
Furthermore, Trump declared that a "regime change" has effectively been achieved in Iran, describing the current leadership as more reasonable. He reiterated that Iran must not possess nuclear weapons, citing his previous administration's actions of withdrawing from the nuclear deal and the assassination of General Qasem Soleimani as measures that prevented conflict. On the issue of the Strait of Hormuz, Trump asserted that the US, as the victor, should collect transit fees instead of Iran, making free passage a condition for any conflict resolution.
In economic news, Citigroup has delayed its forecast for the Federal Reserve's interest rate cuts. The bank now anticipates a cumulative 75 basis points reduction in September, October, and December, instead of its previous expectation for cuts starting in June. Citigroup cited unexpectedly strong US job growth and persistent inflation risks as reasons for the revision, though it still believes signs of a weakening labor market will prompt cuts later in the year. The ongoing conflict with Iran poses a significant downside risk to the labor market.
Six Chinese government departments, including the Ministry of Commerce, have issued guidelines to support eligible e-commerce companies in seeking financing through domestic and international stock listings. The guidelines outline 16 measures across five areas aimed at building a high-quality development framework for the e-commerce sector.
Data from OpenRouter shows that the weekly usage volume of Chinese AI large language models surged by over 31% last week, reaching 12.96 trillion tokens, and has now surpassed that of US models for five consecutive weeks. Global AI model usage totaled 27 trillion tokens, an increase of 18.9%.
New A-share regulations concerning short-term trading took effect on April 7, 2026. The rules, formulated by the China Securities Regulatory Commission, are designed to implement oversight of short-term trading as stipulated by the Securities Law and facilitate the entry of medium to long-term capital. Industry experts believe the regulations will create a fairer and more transparent market, imposing stricter constraints on insider trading and short-term speculation.
The Ministry of Industry and Information Technology and police authorities have issued an urgent warning to Apple users regarding a vulnerability affecting iPhones and iPads running iOS versions 13.0 to 17.2.1. Attackers are exploiting this vulnerability to conduct cyber attacks that can lead to information theft and system compromise.
In corporate news, supply chain sources report that Foxconn has begun trial production of a foldable iPhone. Apple's target is to launch its first foldable phone, a large-screen model, in the second half of 2026, with a potential release alongside the iPhone 18 Pro series in September.
OpenAI has called on state attorneys general in California and Delaware to investigate Elon Musk for alleged anti-competitive practices that hinder the progress towards Artificial General Intelligence (AGI). This precedes a scheduled court hearing this month regarding a lawsuit Musk filed in 2024 against OpenAI, accusing it of violating its founding mission.
Industry highlights include growing focus on space-based computing power, a major breakthrough in sodium-ion battery technology in China, challenges from a difficult "pig cycle" for breeding enterprises, the global expansion of China's semiconductor industry with rising revenue and profits, and increased demand for gas turbines driven by computing infrastructure construction.
Regarding market strategy, CITIC Securities advises focusing investment on China's advantaged manufacturing sector, suggesting that market allocation should narrow as the conflict potentially winds down. The key fundamental factors are dividends, global expansion, AI, the Producer Price Index (PPI), and domestic consumption. China Securities Co., Ltd. recommends monitoring developments in the Middle East while seizing opportunities in China's premium assets, noting that although recent market sentiment has been fearful, signals suggest the current mid-term adjustment may be concluding.
Two new shares are available for subscription today: Etack (Shanghai Main Board), an automotive electronics solutions provider, and Hengdao Technology (Beijing Stock Exchange), a high-tech enterprise specializing in R&D and production of hot runner systems for injection molds.
Corporate announcements: - Bozhon Precision Industry Technology Co.,Ltd. reported total orders of 66.34 billion yuan as of March 31, 2026, a 163.78% year-on-year increase. - Shandong Dongyue Silicone Material Co.,Ltd. forecasts a Q1 2026 net profit of 183-203 million yuan, surging 397.02%-451.34% year-on-year. - Yunnan Lincang Xinyuan Germanium Industry Co.,Ltd.'s subsidiary plans a 189 million yuan project to expand annual production capacity of high-quality indium phosphide wafers to 450,000 pieces. - Hubei Xingfa Chemicals Group Co.,Ltd.'s subsidiary will invest 1.381 billion yuan in a new project for 100,000 tons/year of battery-grade lithium iron phosphate. - Zhongying Electronics plans a private placement to raise up to 1 billion yuan for R&D and industrial projects involving high-end industrial and automotive-grade chips. - Qiangyi Co., Ltd. expects a Q1 2026 net profit of 106-121 million yuan, an increase of 654.79%-761.60% year-on-year. - Shandong Zhangqiu Drum Co., Ltd. will be placed under special treatment (ST) due to misstatements in its 2024 annual report. - Several companies, including Hangjin Technology Co., Ltd., *ST Guandian, Dianke Digital, and Xianhe Co., Ltd., have received立案告知书 from the China Securities Regulatory Commission for alleged information disclosure violations.
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