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People Finance News, March 16: According to the Qichacha APP, recently, Shenzhen Langkun Jueneng Energy Co., Ltd. was established, with Li Liugang as the legal representative. The registered capital is 20 million yuan, and the business scope includes sales of environmental protection special equipment; resale of renewable resources; processing of renewable resources; processing of biomass fuel; sales of biomass molded fuel, etc. Equity penetration analysis by Qichacha shows that the company is wholly owned by Langkun Technology.

People Finance News, March 17: Bitcoin stands above $75,000, with intraday gains exceeding 2.6%.

On March 16, the National Bureau of Statistics released data showing that industrial value added above designated size increased by 6.3% year-over-year in January-February 2023, primarily driven by improved domestic demand and export growth. Among these, equipment manufacturing grew by 9.3%, while high-tech manufacturing reached a growth rate of 13.1%. Despite favorable economic indicators, the external environment and domestic transformation challenges remain significant. Going forward, high-quality development will be promoted through policy implementation.

Three departments deploy hydrogen energy comprehensive application pilot programs; 19 hydrogen energy companies to achieve profitability in 2025.
Two listed companies placed under investigation by the Securities Regulatory Commission
On the evening of March 16, ST Kolida (603828) issued an announcement that the company and its chairman Gu Yiming respectively received an "Investigation Notice" from the China Securities Regulatory Commission. Due to the company and chairman Gu Yiming being suspected of violations and irregularities in information disclosure, in accordance with relevant laws and regulations, the China Securities Regulatory Commission has decided to launch investigations into the company and Gu Yiming.
ST Kolida stated that currently, the company's production and business operations are running normally, and the aforementioned matter will not affect the company's normal production and business activities. During the investigation period, the company and chairman Gu Yiming will actively cooperate with the investigative work of the China Securities Regulatory Commission and strictly fulfill information disclosure obligations in accordance with relevant laws, regulations, and supervisory requirements.
ST Kolida has

On the morning of the 16th, the Shanghai Composite Index weakened intraday while the ChiNext Index rose against the market trend, with approximately 3,400 A-share stocks trading in the red.
As of midday close, the Shanghai Composite Index fell 0.71% to 4066.4 points, the Shenzhen Component Index declined 0.7%, the ChiNext Index gained 0.18%, and the combined transaction volume across Shanghai, Shenzhen, and Beijing reached approximately 15.2 trillion yuan.
From a market perspective, steel, non-ferrous metals, coal, power, and chemical sectors declined, while liquor, agriculture, banking, and real estate sectors rose. Seed industry, ocean economy, and storage chip concepts remained active.
China Merchants Securities stated that geopolitical conflicts have shifted the market's core contradiction toward supply security and strategic resources, with the driving logic switching from risk aversion to stagflation concerns. Rising oil prices strengthen inflation expectations, suppressing rate-cut prospects and impacting most assets. It is judged that oil prices' impact on inflation should remain primarily pulse-like, rather than appearing as a scenario similar to the 70s-80s

People Finance News, March 17 — CITIC Securities believes that the real estate industry is brewing new opportunities amid continued supply contraction. The hot sales of second-hand homes in first-tier cities also prove the existence of genuine demand, and previous policies have proven effective. The firm is optimistic about the revaluation opportunities for commercial real estate assets in the process of constructing a multi-level REITs market, and also believes that the residential market has the foundation to stop declining and stabilize in 2026.

People Finance News, March 16 – According to Tianhao Energy, the company has recently made significant progress in its international expansion. Through its Tianhao Hong Kong platform, the company jointly signed a cooperation memorandum with Indonesian local partners PT Samtinah Rahimi and PT Sun Pacific Energy. All parties will work together to develop Indonesia's natural gas resource comprehensive utilization, pipeline network construction, and downstream market development businesses, with the joint venture Indogawa serving as the core platform.

People's Finance News on March 17: CITIC Securities points out that the US-Iran conflict is developing toward prolongation, with the "blockade" of the Strait of Hormuz driving crude oil prices to spike. CITIC Securities believes that sustained high oil prices will enhance the competitiveness of pure electric and low fuel-consumption hybrid vehicles globally, and Chinese automakers' technological advantages are expected to accelerate their conversion into global market share. CITIC Securities believes that after the passenger vehicle sector's deep adjustment since September 2025, the pressure on sector profitability from upstream costs such as lithium carbonate and inventory has been fully priced in. The firm recommends paying attention to the re-evaluation of domestic premium new energy automakers' overseas expansion logic brought by high oil prices, with key recommendations for automakers with clear offshore growth increments, as well as leading domestic premium vehicle manufacturers.

This year's government work report proposes to "accelerate the development of commercial health insurance, promote high-quality development of innovative drugs and medical devices, and better meet the diversified healthcare and medication needs of the people." This is the first time the government work report has specifically highlighted commercial health insurance.
What is the background for "accelerating the development of commercial health insurance" being included in the government work report? How has commercial health insurance developed in recent years? Where are the development potential and main directions? Securities China reporters interviewed industry insiders.
Trillion-Yuan Health Insurance Market Structural Reform
Commercial health insurance has been highly anticipated for many years.
Regulatory authorities have set specific targets for commercial health insurance. In January 2020, the former China Banking and Insurance Regulatory Commission, jointly with multiple departments, released the "Opinions on Promoting the Development of Commercial Insurance in the Social Service Sector," proposing to "strive to have the commercial health insurance market scale exceed 2

People Finance News, March 17 — China Securities notes that on March 16, the Ministry of Industry and Information Technology, the Ministry of Finance, and the National Development and Reform Commission jointly issued the "Notification on Conducting Comprehensive Application Pilot Projects for Hydrogen Energy," which proposes that localities apply for hydrogen energy comprehensive application pilot projects with urban clusters as the main body, and the central finance will provide demonstration application incentives of up to 8 billion yuan in total over four years. Policy intensity has continued to increase so far this year. China Securities believes that the hydrogen energy industry is expected to accelerate industrialization during the "15th Five-Year Plan" period, and is optimistic about green hydrogen, ammonia, and methanol project operators, electrolyzer manufacturers, and fuel cell vehicle industry chain enterprises.

On March 16, the Ministry of Industry and Information Technology held a meeting to convey the spirit of the National Two Sessions, emphasizing the implementation of major engineering projects under the "15th Five-Year Plan," promoting the development of emerging industries, consolidating the real economy, advancing intelligent economy and informatization construction, and expecting steady recovery in industrial investment.

People's Finance News on March 17th: Japan and South Korea stock markets opened up collectively. Nikkei 225 Index opened up 0.9%; South Korea's KOSPI Index rose 2.9%.

People Finance News March 17 — According to Baotailong, on March 17, the groundbreaking ceremony for Baotailong Donghui Coal Mine Project was held in Jixian County, Shuangyashan City, Heilongjiang Province. The project has a total investment of 3.007 billion yuan, with a designed production capacity of 1.8 million tons/year and a matching coal washing plant of the same scale, a service life of 52.7 years, a mine area of 46.2 km², resource reserves of 246 million tons, and recoverable reserves of 133 million tons.

Renmin Finance News March 17 - Brent crude oil futures rose nearly 2%, trading at $102.11/barrel.

"666""888""999"……When buying a new car and selecting a license plate, who hasn't been glued to the screen, hoping to refresh and get a vanity number like this?
Now, this "vanity number obsession" is quietly spreading to the securities investment field — recently, many brokerages have launched a craze for stock account opening funds accounts to "select vanity numbers," turning the originally randomly allocated fund account numbers into new chips for competing for customers.
Daily Economic News AI Image Library
The *Daily Economic News* reporter learned from the industry that currently Dongwu Securities, Guojin Securities, Guoxin Securities, Hualing Securities, Oriental Wealth Securities, and many other brokerages have launched customized exclusive vanity number services for new account opening customers. Against the backdrop of the industry commission war already reaching "floor price," some brokerages are attempting to break through the stalemate of homogenized competition through this low-cost differentiation service.
However, this seemingly hot

Zanyu Technology's wholly-owned subsidiary Dukuda recently received a bankruptcy notice. Zanyu Technology stated that its debts have been cleared through offset, and it has filed a criminal report against the bankruptcy applicant. The case is currently being processed. Dukuda plans to appeal to overturn the bankruptcy ruling.

Watson Biologics announced that it is planning to issue A-shares to specific investors, which may lead to a change in the company's control. Since its listing in 2010, Watson Biologics has had no actual controlling shareholder, and recent internal restructuring and shareholder opposition have highlighted management challenges. Despite the market downturn, net profit is expected to recover by 2026.

People Finance News, March 17 — CITIC Construction Investment pointed out that under the nonlinear growth of energy storage demand, the new cycle of lithium batteries is becoming increasingly clear. On the demand side, global lithium battery demand is expected to reach 3065GWh in 2026, representing an increase of 33.7% year-over-year, driving rapid growth in lithium battery electrolyte demand. Combining supply and demand, 6F and VC are expected to be in a tight balance in 2026, while the supply situation in other electrolyte segments is expected to improve. Meanwhile, solvent prices are also expected to return to reasonable levels. We are optimistic that the new cycle of lithium batteries will usher in profit reshaping in the electrolyte industry chain represented by 6F and VC, with 6F and VC segments as the top picks.