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People's Financial News, March 23 - On March 23, Foreign Ministry Spokesperson Lin Jian hosted a regular press conference. A reporter asked about Vietnam's recent remarks on the Xisha Islands. Lin Jian stated that the Xisha Islands are China's inherent territory with no disputes whatsoever. China's necessary construction on its own territory is aimed at improving living and residential conditions for island residents and serving local economic development. (CCTV News)

China Finance News, March 24: Indices experienced oscillation and decline, with all three major A-share indices turning red.

People Finance News March 23rd Report: Guomotive Culture (600640) announced on March 23rd that the company recently received government subsidies of 3.5 million yuan related to revenues, accounting for 23.06% of the company's 2024 net profit attributable to shareholders of listed companies, and is expected to increase the company's 2026 net profit attributable to shareholders of listed companies.

Yinglun Kaixuan (Shanghai) Commercial Trading Co., Ltd. announced a recall of 2,157 motorcycles due to a defective generator coil connector that may pose a fire hazard. The recall covers multiple motorcycle models produced between November 23, 2020, and November 20, 2023.

People Finance News, March 23rd — Sitai(603520) announced on March 23rd that to enhance the comprehensive competitiveness of its CMO business, the company plans to acquire 20% equity stake in Jiangsu Ruishi Pharmaceutical Co., Ltd. (referred to as "Ruishi Pharmaceutical") held by Li Yongping for 10 million yuan. Ruishi Pharmaceutical has established in-depth cooperation with well-known CDMO enterprises and first-tier innovative pharmaceutical companies at home and abroad. Its product line covers multiple core raw materials including small molecule compounds, amino acids and their derivatives, and is committed to providing customers with stable, reliable, and high-quality material support from the early stage of drug research and development to the application stage, accelerating the new drug development process.

People's Finance News March 24th - Spot gold's intraday decline expanded to 2%, trading at $4315 per ounce.

People Finance News, March 23 - As of press time, southbound funds net inflows reached 24 billion Hong Kong dollars.

BMW Brilliance China and BMW (China) recently filed a recall plan with the State Administration for Market Regulation, covering a total of 183,527 domestically produced and imported 5 Series, 7 Series, and M5 models. Due to improper routing of the air conditioning wiring harness, the harness may be damaged during air filter replacement, potentially causing short circuits and fire hazards.

People Finance News, March 23 — On the afternoon of March 23, Huawei released the new Huawei WATCH Ultimate 2 Extraordinary Explorer in Wilderness Green. It supports dolphin sonar communication, Beidou satellite voice messages, and sports and health features such as Xiaoyi sports and health.

The National Development and Reform Commission has implemented temporary price controls on domestic refined oil prices to address the rise in international oil prices caused by the US-Israel-Iran conflict. Following the adjustment, gasoline and diesel prices increased by approximately 0.87 yuan and 0.95 yuan per liter respectively, which is about 0.85 yuan less than if no controls were implemented. Market supply will be guaranteed, while price supervision will be strengthened to prevent illegal activities. With geopolitical risks in the Middle East persisting, oil prices may remain strong in the short term.

People Finance News on March 24: South Korea's composite stock price index reversed from gains to losses, giving back the morning's 4.39% gain.

International gold and silver prices have declined for the fourth consecutive week, with London gold down 7.73% and London silver down 8.6%. Middle East conflicts and liquidity pressures have weighed on prices. Although short-term performance has been weak, gold still holds long-term investment value.

The Guangdong Provincial Development and Reform Commission has released the "Guangdong Province Accelerated Application Scenario Innovation Action Plan," emphasizing fiscal support for application scenario construction, promoting the integration of scientific research and development with applications, implementing government procurement innovation mechanisms, and seeking support from central government funds.

People Finance News March 24 – Hong Kong stocks fluctuated downward, the Hang Seng Tech Index turned negative, and the Hang Seng Index's gains narrowed to within 1%.

On March 23, the margin trading balance on the Sci-Tech Innovation Board was 291.303 billion yuan, down 2.777 billion yuan from the previous day, with financing balance decreasing by 2.713 billion yuan. 266 stocks received net margin buy-in, with Siriver leading the way at 98.1757 million yuan in net buy-in.

On March 23rd, among the 31 primary industries in the Shenwan index, the banking sector had the highest net financing inflow at 486 million yuan, followed closely by coal, food and beverage, and steel industries. 1,557 stocks received net financing inflows, of which 105 stocks had net inflows exceeding 30 million yuan, and 18 stocks exceeded 100 million yuan. Xinyisheng led in net inflows at 805 million yuan.

As of March 23, the margin financing and securities lending balance for ETFs in the Shanghai and Shenzhen markets reached 120.205 billion yuan, an increase of 2.467 billion yuan from the previous day. The financing balance increased to 112.743 billion yuan, while the securities lending balance stood at 7.462 billion yuan. 345 ETFs saw net margin purchases, with Fuguo China Bond ETF leading with net purchases of 439 million yuan.

Finance Minister Lan Fo'an stated at the China Development Forum that during the "15th Five-Year Plan" period, the focus will be on expanding domestic demand, investing in human capital, and promoting openness and sharing to advance high-quality economic development in China. He emphasized that fiscal policy should enhance endogenous momentum, improve people's livelihoods, and promote global common development.

South Korea's stock market and foreign exchange market experienced severe volatility due to geopolitical risks and economic concerns, with the Kospi index falling 6.49% and the Korean won reaching a 17-year low. Total debt surpassed 6,500 trillion won, reaching 2.5 times GDP, facing serious debt risks and market fluctuations, with economic stability under pressure.