March 2nd: Highlights and summaries of the front-page headlines from the four major domestic securities newspapers and important financial media

Monday, March 2nd, highlights of today’s headlines are as follows:

China Securities Journal

CSRC Deploys and Launches Education on Establishing and Practicing Correct Performance Views; Solidly Doing the Market’s Own Business

The meeting also emphasized integrating learning and education with this year’s core tasks in the capital market, ensuring both are promoted simultaneously. Guided by the correct performance view, system party members and cadres are encouraged to tackle difficulties and pursue entrepreneurship, effectively managing the market’s own affairs. The goal is to ensure a good start for the “14th Five-Year Plan” and contribute to high-quality economic and social development and modernization with Chinese characteristics.

Tungsten Prices Rise, Listed Companies Warn of Risks

Recently, tungsten, known as the “industrial tooth,” has seen a sharp increase in prices. According to the latest report from China Tungsten Online, in February 2026, the domestic tungsten market continued to show strong momentum, with major tungsten raw material prices soaring for consecutive days, with a total increase of 30% this month and nearly 80% since the start of the year. Influenced by the continuous rise in tungsten prices, the stock prices of related listed companies have increased significantly. On the evening of March 1, several tungsten industry companies issued trading abnormality notices to warn of risks.

Product Purchase Limits Reduced from 3 Million Yuan to 1,000 Yuan; These Funds Are in High Demand

Since the beginning of this year, the Korean market has led gains strongly, with investor demand for related funds remaining high. Recently, two QDII products temporarily relaxed purchase limits for one day, then quickly tightened again. One fund, mainly investing in the US and Korean markets, adjusted its purchase limit from a maximum of 3 million yuan to 1,000 yuan.

Single Strategy Difficult to Achieve Returns; Equity-Linked Wealth Management Products Gain Popularity

In recent years, as traditional coupon strategies of wealth management products have narrowed their yield space, equity-linked wealth management products with higher yield flexibility have seen a surge in issuance. According to Wind data, since February, 50 new equity-linked wealth management products have been issued, a significant increase from fewer than 30 in the same period last year, continuing the recent hot issuance trend of such products.

Shanghai Securities News

Shipping: Strait of Hormuz Ban May Further Drive Up Freight Rates

According to Xinhua News Agency on March 1, an unauthorized oil tanker was hit while attempting to pass through the Strait of Hormuz. The Islamic Revolutionary Guard Corps of Iran announced on the evening of February 28 that no ships are allowed to pass through the strait. Real-time data from international oil tanker monitoring systems show that vessel speeds around the Strait of Hormuz have generally dropped to zero, with many ships halting to avoid risks.

Tungsten Prices More Than Quadrupled in Over a Year, Industry Chain Faces Key Transition Period

Recently, tungsten industry chain companies have initiated a new round of price adjustments across multiple fields, including tungsten raw materials (including long-term orders), tungsten alloy tools, and recycled tungsten. Many companies stated in their price adjustment notices that the rise in tungsten prices remains the main reason for the price increases. As of February 28, prices of tungsten concentrates, ammonium paratungstate (APT), and tungsten powder have increased by over 400% compared to early 2025.

Global Asset Management Giants’ Latest Holdings Reveal Divergence on AI Investment

With the disclosure of the 13F filings in the US, the rebalancing strategies of global asset management giants in Q4 of last year have come to light. Facing high valuations of tech stocks and market concerns over AI investment prospects, major institutions have shown significant divergence. UBS, Goldman Sachs, and others have reduced holdings in tech giants like Nvidia and Microsoft. Peter Thiel’s fund, a Silicon Valley “Venture Capital Guru,” completely sold off its holdings in Apple, Microsoft, and Tesla. Meanwhile, BlackRock and Vanguard continue to increase positions in multiple tech stocks.

Over 350 Chinese Companies Participate in MWC, Competing for AI and 6G Industry Opportunities

From March 2 to 5, the Mobile World Congress (MWC 2026) will be held in Barcelona, Spain. The conference focuses on deep integration of AI and communications, attracting over 2,900 exhibitors and more than 100,000 visitors worldwide. Over 350 Chinese companies will participate, a significant increase from last year, covering the entire industry chain including telecom operators, equipment suppliers, terminal manufacturers, and core components. Leading companies like China Mobile, China Unicom, China Telecom, Huawei, ZTE, and Honor will showcase major products and solutions, demonstrating China’s technological strength in mobile communications and competing for new opportunities in AI and 6G development.

Securities Times

CSRC Publishes Responses to 4 Proposals from the Two Sessions

Recently, the CSRC announced responses to four proposals from the 14th National People’s Congress and the 14th Chinese People’s Political Consultative Conference. These include leveraging Hong Kong’s financial advantages to empower high-quality private sector development, optimizing interconnection product types, ESG disclosure by listed companies, and pilot cities for financial technology innovation in capital markets.

AI Investment Logic Reconfigured; New Main Investment Themes Emerging

Recently, narratives around AI applications have shown clear divergence. Since the beginning of the year, US stocks in cybersecurity, fintech, and HR services have generally declined sharply, with market fears about AI’s prospects spreading widely, dubbed “AI ghost stories.”

Panic Spreads in US AI Trading; Market Enters Fundamental Validation Phase

The narrative around AI has undergone a dramatic shift. In 2026, the once-booming “AI gold rush” suddenly cooled. In January, the dominant view was “AI burns money with no returns,” intensifying concerns about long AI investment cycles; by February, “AI disruption” dominated market sentiment, triggering panic trading in US stocks.

Middle East Conflict Disrupts Markets; Strong Consensus on Oil and Gold Price Rise

The Middle East geopolitical “powder keg” has been reignited. On February 28, the US and Israel launched attacks on multiple targets inside Iran, with reports confirming the death of Iran’s Supreme Leader Khamenei. Iran announced a 40-day national mourning. US President Trump posted on social media that US and Israeli bombings of Iran would continue.

Securities Daily

CSRC Releases Responses to 4 Proposals from the Two Sessions

On February 28, the CSRC disclosed responses to some proposals from the 2025 Two Sessions. Regarding the proposal to accelerate ESG information disclosure by listed companies, the CSRC stated that on April 12, 2024, it guided the Shanghai and Shenzhen stock exchanges to issue the “Guidelines for Disclosing Listed Companies’ Sustainable Development Reports,” standardizing ESG disclosure requirements and unifying disclosure rules. On January 17, 2025, the CSRC further guided the exchanges to publish the “Guidelines for Preparing Listed Companies’ Sustainability Reports.” Moving forward, the CSRC will continue to summarize best practices, assess the “Guidelines” dynamically, and improve the rules’ adaptability, effectiveness, and operability, establishing a comprehensive ESG disclosure system.

Foreign Investment Favors China’s AI Sector; RMB Assets Continue to Attract

Currently, the global AI industry is entering a new phase of rapid development, becoming a key engine for reshaping innovation and driving high-quality economic growth. In this context, renowned foreign institutions like UBS are increasingly focusing on China’s AI as a long-term investment theme, with foreign investment and financing activity in China’s AI sector continuing to rise.

Are Brokers Seriously Selling Insurance?

When browsing stock market quotes and trading on broker apps, have you noticed insurance products quietly appearing alongside funds and wealth management products? From medical insurance to dividend insurance, auto insurance, and pet insurance—behind these seemingly simple new products, a covert cross-sector breakthrough led by brokers is quietly unfolding.

Why Is Foreign Participation in China’s Capital Market Significantly Increasing?

Recently, Wu Qing, Secretary of the CSRC Party Committee and Chairman, held a forum in Beijing with representatives from eight foreign securities, fund, and futures institutions operating in China, listening to their opinions and suggestions. Participants noted a clear increase in foreign institutions’ willingness and enthusiasm to participate in China’s capital markets. Since 2026, foreign institutions have actively researched A-share listed companies. Wind data shows that by February 28, 2026, 233 foreign institutions had conducted 624 research visits to A-share companies. Many well-known Wall Street firms have been involved. This phenomenon is not accidental but results from multiple factors working together.

China National Radio

Jinding Think Tank | Why Does the US Want to Strike Iran? Energy, Finance, and Geopolitical Analysis

On February 28, the US and Israel launched military strikes against Iran, with Iran’s Supreme Leader Khamenei reportedly killed in the attack. According to CCTV, Iran’s temporary leadership committee will be established on March 1 to elect a new Supreme Leader. Discussions on “Why the US would attack Iran” often focus on nuclear issues, regional security, and alliances. However, in the context of highly globalized energy and finance, oil prices and capital market expectations are crucial for understanding Middle East geopolitical actions. The core strategic intent behind US-Israeli military actions against Iran may be closely related to international oil prices, control of the Strait of Hormuz, and the structure of global energy finance.

CNR Financial Commentary | Fiscal Policy Takes a More Active Tone; Confidence Boosted to Expand Domestic Demand and Benefit People

The Political Bureau of the CPC Central Committee recently held a meeting emphasizing continued implementation of more proactive fiscal policies and moderately easing monetary policy, strengthening reform measures and macroeconomic coordination. Regarding fiscal policy, the tone continues from last year’s Central Economic Work Conference, signaling more certainty for the start and progress of the “14th Five-Year Plan.”