EUR/USD
1.15326
-0.295%
Gold
5144.86
-0.594%
Oil
94.053
7.655%
USD/JPY
159.128
0.113%
GBP/USD
1.33633
-0.357%
GBP/JPY
212.652
-0.185%
Real-time News
Goldman Sachs expects the Federal Reserve to cut interest rates by 25 basis points each in September and December 2026, compared with its previous forecast of June and September.On March 12, Swire Properties (01972.HK) announced on the Hong Kong Stock Exchange that Long Yanyi has resigned as Managing Director and Chief Financial Officer of the company due to retirement from the Swire Group; Shi Shihua will succeed Long Yanyi as Chief Financial Officer upon her retirement and has been appointed as Managing Director; Ma Tianwei will no longer serve as a Non-Executive Director to focus on other businesses of the Swire Group. He will no longer serve as a member of the Audit Committee, but will continue to participate in the committee as an observer. Cen Mingyan has been appointed as a Non-Executive Director and a member of the Audit Committee. These resignations and appointments will take effect upon the conclusion of the Companys 2026 Annual General Meeting to be held on May 12, 2026.On March 12, Deepali Bhargava, Head of Research for Asia Pacific at ING, wrote in a report that the impact of rising oil prices on Asia will be uneven. Thailand, the Philippines, and South Korea are likely to be hit hardest, due to their weak buffers, rapid price transmission, and heavy reliance on imports, respectively. She stated, "India and China benefit from built-in shock absorbers because more than half of their energy supply still comes from coal." She pointed out that regions like Singapore appear best positioned to withstand rising oil prices should disruptions escalate. This is because they have relatively strong fiscal positions, healthier current account dynamics, and are better able to provide targeted support.Traders said the Reserve Bank of India is likely to sell dollars to support the rupee, given the surge in oil prices.On March 12th, it was observed on Alibabas judicial auction platform that several equity stakes in banks such as Jiujiang Bank and Guangdong Huaxing Bank, valued at over 100 million yuan, were recently listed again, ultimately entering the disposal process after multiple failed auctions. According to JD.coms asset trading platform, several more bank equity auctions exceeding 100 million yuan have recently been added, including approximately 223 million shares of Guangfa Bank held by Jiangsu Sugang Group, which will be auctioned in early April with a starting price of 784 million yuan, making it the highest single bank equity auction listed this year. Industry analysts point out that "in the short term, the market for auctioning equity in small and medium-sized banks will continue to be sluggish, and may exhibit characteristics of deepening discounts and reduced transaction volume." Bai Wenxi, vice chairman of the China Enterprise Capital Alliance, believes that from the perspective of industry development patterns, the "winter" in the auction of equity in small and medium-sized banks is a concentrated release of risks accumulated from the past extensive development model. The key to breaking the deadlock lies not in waiting for the market to recover, but in restoring investment value to the equity of small and medium-sized banks through substantial risk clearing, governance restructuring, and mechanism innovation.
