EUR/USD
1.15165
-0.111%
Gold
4514.26
3.079%
Oil
97.553
5.279%
USD/JPY
160.141
0.248%
GBP/USD
1.32713
-0.430%
GBP/JPY
212.533
-0.180%
Real-time News
On March 29, South Korean Deputy Prime Minister and Minister of Finance and Economy Koo Yoon-cheol stated that if international oil prices rise to $120 to $130 per barrel, the government is likely to activate a Level 3 resource security crisis alert, and the vehicle license plate number restriction measures will be expanded to include the private sector.Market news: A U.S. KC-135 aerial refueling tanker has declared a state of emergency in Jordanian airspace.Musk: Teslas AI-powered Autopilot will be more than 10 times safer than human drivers.On March 29th, at the 2026 North Bund Wealth and Culture Forum on March 28th, Qiu Yong, Party Secretary and Chairman of the Shanghai Stock Exchange (SSE), stated that standing at the new starting point of the "15th Five-Year Plan," the SSE will consistently adhere to the development direction of marketization, rule of law, and internationalization. Guided by comprehensive reforms in capital market investment and financing, the SSE aims to promote more inclusive and adaptable systems, more efficient and high-performing listed companies, a more stable and resilient market operation, and a deeper integration of finance and culture. Qiu Yong introduced the SSEs practices in deepening comprehensive reforms in capital market investment and financing and cultivating a financial culture with Chinese characteristics from three aspects: First, vigorously leveraging the advantages of equity and debt financing to focus on serving the development of new productive forces. Second, focusing on building a "long-term capital, long-term investment" ecosystem to enhance the markets inherent resilience. "Investment and financing are two sides of the same coin in the capital market," Qiu Yong said. In recent years, the SSE has insisted on synergistic efforts on the investment and financing sides, focusing on smoothing the channels for medium- and long-term funds to enter the market, enriching investment and financing supply, continuously improving asset quality and investor returns, accelerating the formation of a sound "long-term capital, long-term investment" ecosystem, vigorously developing index investing, and actively attracting medium- and long-term funds into the market. It was revealed that during the "14th Five-Year Plan" period, approximately 3,500 new indices were compiled, and the scale of ETF products increased from 0.9 trillion yuan to 4.2 trillion yuan. Thirdly, efforts will be made to cultivate a financial culture with Chinese characteristics and to consolidate the foundation for market development.On March 29th, at the Global Unicorn Companies Conference, Zhou Hongyi, founder of 360, interpreted the recent "Lobster Craze" (OpenClaw intelligent agent). Regarding the question of when tokens will become as accessible and affordable to ordinary people as mobile data, Zhou Hongyi stated: The core of the traditional internet is data traffic. Its infrastructure (such as fiber optic cables) has almost unlimited capacity, and user data usage is directly proportional to duration and volume. The more users a platform has, the lower the marginal cost becomes. However, AI is completely different. The essence of AI operation is the consumption of computing power, information processing, and "intellectual costs," following the logic of information and energy conservation: the more complex the task and the deeper the demand, the higher the computing power and resources consumed will inevitably be. It is impossible to complete extremely complex tasks with extremely low investment. Tokens are a unit of measurement for the intellectual and computing power consumed by artificial intelligence. The unit price is relatively fixed, and the more it is used, the higher the cost. Therefore, tokens can never achieve unlimited monthly usage like mobile data.
