MaticHoleFiller

Although Tesla plans to shift its future focus to artificial intelligence, selling cars remains its main way of raising funds. Recent deliveries are approximately 372,160 vehicles, with slow growth, facing challenges from weakening global demand and a lack of tax incentives. Investors are increasingly paying attention to Tesla's progress in autonomous driving and robotics.

Source: Financial Times
Technology finance is a key element in driving the economy toward new development. To implement the deployment outlined in the 2026 "Government Work Report" regarding "accelerating high-level technological self-reliance and strength" and "supporting innovation and creation through technology finance," on March 31, the People's Bank of China, the Ministry of Science and Technology, the China Banking and Insurance Regulatory Commission, and the China Securities Regulatory Commission jointly held a technology finance work exchange and promotion meeting. People's Bank of China Governor Pan Gongsheng, Minister of Science and Technology Yin Hejun attended the meeting and delivered speeches, engaging in in-depth exchanges with representatives from on-site financial institutions and technology-based enterprises.
The meeting believed that, one year after the issuance of "Several Policy Measures to Accelerate the Construction of a Technology Finance System and Strongly Support High-Level Technological Self-Reliance and Strength," the initial results of technology finance have been remarkable. With coordinated efforts from various departments, a financial service system covering the entire lifecycle of technology-based enterprises has been preliminarily established, and the financing environment for technology-based enterprises continues to improve.

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　　(Source: Securities Times)
　　The left image shows Xiaomi Auto employees live streaming car sales, the right image shows an Aventura experience center in Shanghai. Photo by Mei Shuang
　　Securities Times reporter Mei Shuang
　　From once being regarded as a benchmark for industry innovation with the direct sales model dominating, to now actively adjusting and returning to a diversified channel layout, the retail ecosystem of the new energy vehicle industry is undergoing a profound transformation.
　　In the past, new energy vehicle brands flocked to urban core commercial districts, with shopping mall showrooms becoming industry standards and traffic landmarks. Recently, Securities Times reporters visited and found that the lively car experience zones of the past are now frequently “changing faces,” with brands updating at an accelerated pace.
　　Interviewees believe

SPD Bank announced its 2025 financial data at the performance briefing, with asset size surpassing 10 trillion yuan for the first time, and net profit maintaining double-digit growth for two consecutive years. The chairman emphasized the digital intelligence and AI strategy, proposing ten operational strategies aimed at enhancing service capabilities and market adaptability, and promoting high-quality development.

Ganfeng Lithium announces that shareholder Li Liangbin will解除pledge of 5.5 million shares by March 31, 2026.

Qinghai Salt Lake Industry performed well in 2025, with operating revenue of 15.5B yuan and net profit of 8.48B yuan. The company focuses on developing potassium and lithium businesses, with steady growth in potash fertilizer production and sales, technological breakthroughs in lithium salt projects, and resource integration to strengthen industry position. In the future, it will deepen strategic planning, focusing on technological innovation and cost optimization.

The latest data shows that the retail prices of major Chinese liquor products in the market continued to decline on April 7th, with overall prices hitting a near one-week low. Among the 11 top products in the market, nine have fallen, while Qinghua Lang saw a slight increase. Due to slowing terminal sales, prices of several well-known brands are under pressure. At the same time, analysis of Guizhou Moutai's stock price indicates that its current valuation has a relatively high safety margin.

Harbor Business Observation by Shi Zifu
In mid-February this year, Tianjin Atomu Robot Co., Ltd. (hereinafter referred to as Atomu Robot) submitted an application to the Hong Kong Stock Exchange and was accepted, with Huatai International as the exclusive sponsor.
It is understood that for this IPO, all robots and robot solutions from Atomu Robot are recognized as specialized technology products defined under Chapter 18C of the Listing Rules. However, according to the data in the prospectus, the company currently does not meet the Hong Kong Stock Exchange's requirement under Chapter 18C for a commercially established company with revenue of at least HKD 250 million. As a result, whether the IPO process of Atomu Robot will encounter additional uncertainties has become a topic of concern among outsiders.
Angel investor and senior artificial intelligence expert Guo Tao stated: As a specialized technology company, its listing review needs to consider multiple dimensions such as market value, operating records, and R&D investment: if the company can meet a market value of no less than 40

The parent company of the popular toothpaste brand "Canban," Xiaokuo Technology, is applying for an IPO on the Hong Kong Stock Exchange. Although the company's revenue has grown significantly, profits have continued to decline, mainly due to high marketing expenses. At the same time, the company was fined for false advertising, and there is a gap between product efficacy and promotional claims, leaving market prospects to be tested.

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Track recent IPO yields
Track the performance of offline IPO markets on the STAR Market, ChiNext, and the Main Board. Assume all stocks on the Main Board, STAR Market, and ChiNext are successfully issued, and are sold at the market average price on the first day of listing, ignoring lock-up restrictions. As of March 27, 2026, the IPO yield for Class A accounts with a scale of 200 million is 0.41%, and for Class B accounts with a scale of 200 million is 0.34%; for Class A accounts with a scale of 1 billion, the IPO yield is 0.27%, and for Class B accounts with a scale of 1 billion, the IPO yield is 0.23%. Continuously track the recent 20 newly listed stocks' price increases, among which the average first-day increase for STAR Market stocks is 242.26%, and the ChiNext stocks' first-day increase is...

Xiaomi Group CEO Lei Jun publicly revealed the design sketches of the new generation SU7, showcasing the exterior appearance of the new vehicle and upgrades to intelligent sensing hardware. The new car features a "U" shaped air intake grille, optimized for aerodynamic performance, and integrates 4D millimeter-wave radar to enhance driving safety. This upgrade is expected to increase market enthusiasm and further strengthen Xiaomi's competitiveness in the new energy sedan market.

The 2026 Annual Outlook Forum was held in Guangzhou, with the theme "New Cycle: Quantitative Change to Qualitative Change." Zhu Kuai pointed out that the commonly used assembly-style development model by real estate companies has led to difficulties, lacking independent research and development and core capabilities. Future competition will focus on intelligent living that combines technology and humanities.

“Harbor Business Watch” Xu Huijing
The Hong Kong stock IPO journey of Sige New Energy (Shanghai) Co., Ltd. (hereinafter referred to as “Sige New Energy”) saw the company file three times in under 14 months; the sponsors adjusted twice, and the time pressure imposed by a gambling agreement has been looming.
However, the good news is that the company has finally passed the hearing recently, and barring any unforeseen circumstances, the company is set to list on the Hong Kong Exchanges and Clearing Limited (HKEX).
A brief recap: the company’s listing process began in February 2025. The first filing appointed Citic Lyon Securities and Société Générale Paris as joint sponsors. After the six-month validity period expired without the company obtaining approval at the hearing, the prospectus automatically became invalid. In September of the same year, the company submitted its second filing. The sponsors were not adjusted and there was still no progress, and it expired again in early March 2026. Only a few days later, on March 9, 2026, the third filing was submitted, with the joint sponsors changed to Citic Securities and Société Générale Paris.
Prospectus disclosure

Shenzhen Stock Exchange announces that starting April 3, 2026, it will provide transfer services for the Shiqiao CITIC Securities Huinong No. 2 12th Phase Asset-Backed Special Plan. Investors must have A-share and fund accounts, understand the related risks, and sign a risk disclosure statement.

The concept of computing-and-power collaboration continues to attract strong inflows of funds, and multiple stocks in the power sector have hit the daily trading limit. China Huadian Liaoning Energy set a new record by posting 8 consecutive limit-ups, with a total market value of 12.2 billion yuan. The National Data Bureau said it will advance the computing-and-power collaboration project, promoting the deep integration of green power and computing power. China Huadian Liaoning Energy’s share price has risen sharply in the short term, but there are trading risks; it is expected that future net profit will drop significantly.

International Monetary Fund Managing Director Georgieva stated that the Middle East conflict will intensify inflation and slow down global economic growth, and it is expected that the economic outlook released next week will lower growth forecasts. The war has caused a 13% reduction in global oil supply, with far-reaching impacts, especially more severe for poor countries. The IMF has received financing requests from some countries to address rising prices and energy supply issues.

In March 2023, the Shenzhen real estate market experienced a "small spring" trend, with a significant increase in property transactions, especially for second-hand homes. The market remains hot, and analysts recommend paying attention to the sales of low-priced listings to promote the overall market recovery.