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On January 22, the Shenzhen Municipal Financial Regulatory Bureau released the "Shenzhen Action Plan for the Insurance Industry to Support Technological Innovation and Industrial Development (2026-2028) (Draft for Public Comment)." The plan proposes optimizing the supply of new energy vehicle insurance and researching the introduction of "basic + variable" new energy vehicle insurance combination products. It encourages insurance institutions to proactively adapt to the trend of intelligent driving, strengthen data cooperation with intelligent driving developers, manufacturers, and operators, accumulate risk analysis data, and refine the supply of insurance products for intelligent driving vehicles. In specific scenarios such as urban traffic, it explores "vehicle-battery separation" model commercial vehicle insurance products. It also promotes the establishment and improvement of maintenance and claims standards, and strives to reasonably reduce the maintenance and usage costs of new energy vehicles.On January 22, the Shenzhen Municipal Financial Regulatory Bureau released the "Shenzhen Action Plan for the Insurance Industry to Support Technological Innovation and Industrial Development (2026-2028) (Draft for Public Comment)." The plan encourages insurance institutions to accelerate the establishment of artificial intelligence insurance innovation centers, focusing on risks across the entire artificial intelligence industry chain and developing full-chain insurance products covering the "basic layer - technology layer - application layer." It supports insurance institutions in collaborating with professional technology companies to provide value-added services such as risk assessment, security testing, and compliance consulting for artificial intelligence enterprises. Furthermore, it encourages insurance institutions to customize comprehensive insurance solutions for artificial intelligence enterprises, covering risks related to computing power construction, cybersecurity, and data security, thereby strengthening risk protection.On January 22, the Shenzhen Municipal Financial Regulatory Bureau released the "Shenzhen Action Plan for the Insurance Industry to Support Technological Innovation and Industrial Development (2026-2028) (Draft for Public Comment)." The plan proposes to promote precise matching of long-term capital and drive national insurance funds to invest over 1 trillion yuan in Shenzhen. It encourages in-depth cooperation between state-owned professional investment institutions, government-guided investment funds, and insurance funds to explore diversified investment and return mechanisms, under conditions of legal compliance and risk-return matching, to drive insurance funds to participate in major projects and key areas of investment. It also explores the development of an insurance-investment linkage model to provide comprehensive financial support for technological innovation enterprises and accelerates the implementation of risk compensation insurance for technological innovation seed funds.On January 22, the Shenzhen Municipal Financial Regulatory Bureau released the "Shenzhen Action Plan for the Insurance Industry to Support Technological Innovation and Industrial Development (2026-2028) (Draft for Public Comment)". The plan proposes that by the end of 2028, the scale, quality, and competitiveness of technology insurance will be comprehensively improved, with an average annual growth rate of over 10% in technology insurance premium income, providing over 5 trillion yuan in risk protection for technology companies annually. Breakthroughs will be achieved in insurance services for emerging industries such as low-altitude economy and artificial intelligence, with no fewer than 30 innovative insurance products launched annually. The scale of the insurance industry will continue to expand, with the total assets of insurance legal entities in the city exceeding 11 trillion yuan, and premium income in Shenzhen exceeding 700 billion yuan over three years.On January 22, the Jiangxi Provincial Bureau of Statistics released the provinces economic performance data for 2025. According to the unified accounting results for regional GDP, Jiangxis GDP reached 3,602 billion yuan in 2025, a year-on-year increase of 5.2% at constant prices, lower than the 5.4% growth in the first three quarters but higher than the national average of 5.0%. Specifically, the added value of the primary industry was 264.99 billion yuan, an increase of 3.8%; the added value of the secondary industry was 1,427.45 billion yuan, an increase of 5.6%; and the added value of the tertiary industry was 1,909.56 billion yuan, an increase of 5.1%.

WTI Price Analysis: Testing the $80 level versus the broad USD

Daniel Rogers

Apr 11, 2023 14:20

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On Monday, crude oil prices are lower as a risk-averse sentiment underpins the U.S. dollar. The price of the black gold is a few cents above its intraday low of $79.71 per barrel and is approaching the range's bottom.

 

Early in April, the Organization of the Oil Exporting Countries and Allies (OPEC+) astonished market participants by announcing a 1.16 million-barrel-per-day reduction in their oil output, which pushed West Texas Intermediate (WTI) approximately 5.5% higher on April 3 and left a $4 void. Since the announcement, WTI has been consolidating between $79 and $81.80, unable to find fresh directionality.

 

Higher energy prices have contributed to inflation's meteoric rise, and OPEC+'s decision came as a complete surprise, reigniting concerns not only about price pressure but also about economic growth.