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RMB Finance News March 13 – The steel sector surged rapidly, with Jiu Gang Hong Xing hitting the daily limit up, followed by gains in Liu Gang Co., Ltd., An Gang Co., Ltd., Hainan Mining, Chongqing Iron and Steel, and Ling Gang Co., Ltd.

People's Financial News, March 13 — Iran's Islamic Revolutionary Guard Corps stated on the 12th local time that in the early morning of that day, the Islamic Revolutionary Guard Corps Navy conducted two waves of precise missile and drone strikes against the headquarters of the U.S. Navy's Fifth Fleet at Mina Salman Port in Bahrain. According to reports, the strikes precisely hit the base's "Lizs" anti-drone system, unmanned surface vessel center, logistics equipment center, fuel storage facilities, and areas where U.S. soldiers were gathered. The operation employed multiple types of destructive drones, cruise missiles, and ballistic missiles. (CCTV News)

People's Finance News, March 13 — The Iranian Armed Forces General Staff issued a statement on March 12 local time, stating that it will make every effort to safeguard national security under the leadership of Iran's Supreme Leader and Commander-in-Chief of the Armed Forces, Mujtaba Khamenei. The statement stated that the Iranian Armed Forces will, under the order of the Supreme Leader, defend the achievements of the Islamic Revolution with a more determined attitude than in the past, and expressed their commitment to defend national interests and security "until the last drop of blood." (CCTV News)

The General Administration of Customs announcement will promote a cross-district return mode for cross-border e-commerce retail export goods, applicable to the "9610 mode." Returned goods can only be returned to the corresponding Customs supervision sites. Enterprises must have standardized operations and functional work areas, and connect with the Customs system. This policy will be implemented as of April 1, 2026.

People Finance News, March 13 — On March 13, the three major indices opened lower across the board, with the Shanghai Composite Index opening down 0.28%, the Shenzhen Component Index opening down 0.51%, and the ChiNext Index opening down 0.63%. In terms of sectors, oil, coal, wind power, industrial gas, and coal chemical concepts opened actively; precious metals, minor metals, communication equipment, semiconductors, CPO, and F5G concepts opened lower.

Recently, the A-share market has shown volatile performance with the three major indices closing slightly lower. Green energy and chemical sectors demonstrated strength, while gas turbine and military-industrial sectors underwent adjustments. Analysis indicates that Middle East geopolitical tensions and earnings disclosures will influence market sentiment, with expectations for continued wide-range volatility in the near term. Investors are advised to focus on sector sentiment indicators and maintain reasonable position control.

Sichuan Chuanfa Low-Altitude Economy Operation Co., Ltd. was recently established with a registered capital of 100 million yuan, involving businesses in general aviation, unmanned aerial vehicle sales, and artificial intelligence. The company is jointly held by multiple enterprises.

# The Narrow Window
An old window frame lets in a complete beam of sunlight.
In this 11 square meter space known as the "Chasing Light Cottage," what has changed is not only the color of the walls, but also the straightened spine and forward-looking eyes of a child. This kind of change is like a quiet breaking through of soil.
In this bustling metropolis of Shanghai, among those old residential neighborhoods forgotten by time, many adolescents in difficult circumstances, like 16-year-old Xiaoyuan (pseudonym), are searching for the strength to grow upward in narrow crevices. And the "Chasing Light Cottage" is the first ray of dawn light cast into that gap.
A Curled Night
Xiaoyuan's home is in an old residential community in Minhang District, Shanghai. The stairwells here are narrow and dark, with wall plaster peeling off in patches here and there. The flaking areas have been filled with newly applied putty, white new marks mixing with yellowed old walls like a patched-up piece of old cloth, the humid and

People's Finance News, March 13: FTSE China A50 Index futures fell 0.43% at the opening.

People Finance News March 12 reported that the main methanol futures contract surged with volatility, rising 11% intraday.

According to Wind statistics, as of March 11, a total of 114 stocks in the Shanghai and Shenzhen markets have received net inflows of main force capital for 5 consecutive days or more. The stock with the most consecutive days of net inflows from main force capital is Chengtou Holdings, which has received net inflows for 16 consecutive trading days. Other stocks with relatively more consecutive days of net inflows from main force capital include Comfon Medical, Yue'an New Materials, Huazi Industrial, Lianhuan Pharmaceutical, Syntec, Jingjing Technology, Meixin Technology, and Nanjing Bank.

RMB Finance News, March 12 — Reporters learned today (March 12) from China State Railway Group that from January to February this year, China-Europe freight trains demonstrated simultaneous growth in both volume and quality, with cumulative operations reaching 3501 trains. (CCTV News)

RMB Financial News March 12 – The gas sector experienced volatile gains, with DeRong Hui Energy hitting the daily limit up, New Natural Gas and Shouhua Gas rising over 5%, while Shenzhen Gas, Foshan Energy, and Guoxin Energy followed suit.

In January-February this year, China's scientific and technological innovation developed vigorously, with high-tech industry sales revenue increasing by 16.1% year-over-year. Both high-tech services and manufacturing showed significant growth, particularly outstanding performance in the aerospace and consumer electronics sectors.

People's Finance News, March 13 — On March 12 local time, Ali Larijani, Secretary of Iran's Supreme National Security Council, commented on U.S. President Trump's statement that "he must win this war quickly," pointing out that starting a war is easy, but ending a war cannot be achieved through a few tweets. Larijani stated that once a war begins, its conclusion is not easily achieved. He also emphasized that Iran will not easily let the other side off the hook. (CCTV News)

Affected by the Middle East situation, international crude oil markets have risen recently, and domestic energy and chemical futures have surged accordingly. Some investors have made substantial profits, but market uncertainty has prompted some investors to exit. Although there will be continued volatility in the short term, the long-term investment outlook for strategic commodities remains bullish.

People's Financial News, March 13 – According to information obtained by reporters from Iranian sources on March 12 local time, an Ilyushin Il-76 transport aircraft belonging to the Russian Federal Emergency Situations Ministry provided humanitarian assistance to Iran. It is reported that the transport aircraft delivered over 13 tons of medicines to Azerbaijan, with the relevant medicines subsequently to be transshipped from Azerbaijan to Iran. (CCTV News)

CICC research report points out that global shipping companies will continue to develop due to policy and decarbonization trends, especially China's application in green methanol fuel will promote energy security. The firm is optimistic about green methanol projects of related equipment and operating companies, but supply and demand will remain tight in the next 1-2 years, with order and production stability being key factors.

The article analyzed the warming trend in the real estate markets of Guangzhou and Shenzhen in March 2023, referring to it as a "spring rebound." Transaction volumes and house viewing inquiries increased, driven by reasonable prices and well-positioned products attracting homebuyers. The new home market in Guangzhou and the secondary home market in Shenzhen showed notable recovery, with purchasing confidence gradually restoring. Industry insiders expect more policy support and high-value-for-money properties to be introduced, but continued collective efforts are still needed to maintain market stability.