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March 12, 2024 (Tuesday) Three-Minute News Breakfast

Release time：

2024-03-12

March 12, 2024 (Tuesday) Three-Minute News Breakfast

1) The closing ceremony of the second session of the 14th National People's Congress was held on the afternoon of March 11. Xi Jinping and other Party and state leaders attended, and Zhao Leji delivered a speech. The meeting voted to pass the resolution on the government work report and the newly revised Organization Law of the State Council, etc. The second session of the 14th National Committee of the Chinese People's Political Consultative Conference received more than 5,800 proposals in total.

2) [Voices from the Two Sessions] Yu Jianhua, director-general of the General Administration of Customs: It is preliminarily judged that China's foreign trade will basically remain on a growth track in the first half of the year. Zhou Jinbo, representative: It is suggested that a basic pension be provided to people over 65 years old without a pension. Zheng Zhexuan, representative: The archaeological achievements of Sanxingdui will be "updated in a timely manner," please look forward to it together.

3) The maiden voyage of China's first domestically built large cruise ship, featuring a folk song theme, will begin its intangible cultural heritage journey on March 31 from Shanghai. The Datengxia Hydropower Hub lock on the Guangxi Xijiang Golden Waterway has resumed navigation after its annual inspection.

4) COMAC's C919 large aircraft made its first flight to Indonesia for a static display and will conduct product promotion activities for potential customers.

Civil Aviation Administration of China: Make every effort to promote the application of new technologies for preventing runway incursions at airports.

5) Ministry of State Security: Cut off the "black hands" of espionage that extend from abroad to our germplasm resources.

6) Significant warming in most of northern China, with the highest temperature in North China approaching 20℃, and large-scale rain in southern China from March 13.

7) [Rule of Law] Supreme People's Court: The opening rate of second instance trials of criminal cases in courts nationwide has steadily increased. The police cracked down on ethnic asset unfreezing fraud crimes, solving 293 cases and arresting 2,108 people. Chengdu police: A man stabbed two women with a knife due to a friend dispute and attempted to jump from a building, he has been controlled.

8) [Military] Wang Wei, deputy commander of the Air Force: The H-20 will soon be officially announced to the public, there are no technical bottlenecks. The navies of China, Iran, and Russia will hold the "Security Belt-2024" joint exercise from March 11 to 15. The 46th batch of escort fleets of the navy successfully completed the 1632nd batch of escort missions.

9) [Hong Kong and Macao] The "Exchange and Mutual Learning, Double City Progress - The First Shanghai-Hong Kong Cultural and Academic Forum" was held at Shanghai University on March 10. More than 750 exhibitors gathered in Hong Kong to showcase the latest film and television works. Sun Yat-sen University will establish an advanced research institute in Hong Kong.

10) [Taiwan] The Democratic Progressive Party will officially "take office" on May 20. On the eve of May 20, US scholars such as Rush Doshi visited Taiwan to meet with Tsai Ing-wen. A spouse from mainland China was elected as a standing committee member of the Kuomintang, entering the decision-making circle of the Kuomintang.

1) The Philippine ambassador to the US said that he hopes to develop oil and gas resources in the South China Sea with the US and other allied countries. The Ministry of Foreign Affairs: Relevant countries must not involve extra-regional countries in the development of resources in the South China Sea. On March 10, the Holland America Line cruise ship "Zaandam" docked in Dalian. This is the first international cruise ship to visit a city in Northeast China since China fully resumed international cruise transportation in September 2023.

2) The United Nations warns that water and sanitation conditions in Gaza remain severely restricted, with most families unable to access safe and clean water. The number of major weapons imports in Europe has surged in the past five years. A Russian cosmonaut took over as commander of the International Space Station. The security situation in Haiti continues to deteriorate, and Germany and the United States have evacuated embassy staff.

3) Biden and Trump clashed in Georgia, attacking each other in a bid for the swing state. Foreign media: Biden's campaign team will spend $30 million on an "advertising blitz".

4) The Pope called for Ukraine to have the courage to "raise a white flag." The Ukrainian foreign minister responded: Except for the national flag, no other flag will ever be raised. Russian media: The Polish foreign minister claimed that "NATO soldiers are already in Ukraine" and refused to disclose which countries sent troops.

5) The first official photo of Kate, the Princess of Wales, after surgery was questioned as being fake, and her health condition sparked speculation, and Kate apologized.

On March 10, local time, Hungary held a new presidential inauguration ceremony.

Hungarian Prime Minister Orbán: If Trump wins, he will not give Ukraine a penny. The Democratic Alliance narrowly leads in the Portuguese parliamentary elections.

6) South Korea sent pre-notification of license revocation to 4,944 doctors. The South Korean government will dispatch military doctors and public health physicians to make up for the medical shortage. South Korea plans to launch a tourism package to "see the giant panda 'Fu Bao' in China." The issue of lawmakers receiving kickbacks is still fermenting, and the approval rating of Japan's Kishida cabinet is 20.1%, hitting a new low. Japan raised its economic growth rate for the fourth quarter of 2023.

7) On March 10, local time, the Israeli army carried out intensive air strikes on multiple areas in the Gaza Strip, killing at least 63 people. Turkish police arrested 33 suspects linked to the extremist group ISIS. The Iraqi military killed four ISIS militants.

8) The National Iranian Oil Company signed its largest ever natural gas investment contract, worth $20 billion.

9) The results of the 96th Academy Awards were announced, and "Oppenheimer" won seven major awards.

10) A Boeing airliner of LATAM Airlines experienced technical problems, injuring about 50 people. Heavy rains in Indonesia caused 26 deaths and 11 missing persons.

1) Financial Regulatory Authority: We are studying reducing the down payment ratio for passenger car loans. China Association of Automobile Manufacturers: Car sales in January-February 2024 were 4.026 million units, up 11.1% year-on-year.

2) Shenzhen Stock Exchange: We will comprehensively manage risk prevention and control and reasonable financing support to promote the stable and healthy development of the real estate market.

3) China Eximbank successfully issued its second integrated development themed financial bonds.

4) Dong Mingzhu, chairman of Gree: I am willing to pay more taxes with my millions of annual income, and we need to increase the income of the salaried class to increase happiness. The legal representative of a subsidiary of Nongfu Spring has changed, and Zhong Shanshan has resigned.

5) Morgan Stanley upgraded its rating for CATL to "overweight." As of the close of trading on March 11, CATL rose by more than 14%, and its market value increased by more than 100 billion yuan in a single day.

6) Yesterday's closing price:

Shanghai Composite Index: 3068.46/+0.74%

Shenzhen Component Index: 9581.53/+2.27%

ChiNext Index: 1890.41/+4.60%

Hang Seng Index: 16587.57/+1.43%

1) English editions of "Selected Works of Xi Jinping," Vol. I & II, published and distributed.

2) Minister of Culture and Tourism, Sun Yeli: The phenomenon of scalpers reselling tickets for large-scale artistic performances has significantly improved.

3) Archaeological findings of the palace courtyards and water systems of the Ming Dynasty's Zhongdu (Central Capital) in Fengyang County, Chuzhou City, have made significant progress, adding important data to the study of the evolution of capital city systems since the Tang and Song dynasties. The construction plan for the Zhongdu Imperial Palace Museum is on the agenda.

4) The 17th Asian Film Awards ceremony was held in Hong Kong on March 10. Director Zhang Yimou received the highest honor, the Lifetime Achievement Award. Actress Zhao Liying won the AFA New Generation Award, and Jiang Qinqin won Best Actress for her film "Grass and Trees of the World".

5) Director of the General Administration of Sport of China, Gao Zhidan: In 2024, we will continue to implement the national strategy for mass fitness; resolutely punish corruption in the sports field.

6) The WTT Singapore Smash main draw begins, with all the main players from the Chinese national team participating. On the first day, all Chinese players advanced. The Paris Olympics skateboarding qualifying series concluded, with several Chinese athletes qualifying for the qualification series.

1) The admission ticket printing channel for the second English listening and speaking test of the 2024 Beijing College Entrance Examination has been opened. Beijing will draft a local standard for cross-regional data governance, with Ant Group and the Beijing Stock Exchange leading the effort. The Beijing Half Marathon will be held on April 14.

2) The centennial birthday of Jin Yong, the master of wuxia novels, his former residence in Haining, Zhejiang Province, has been renovated and reopened.

3) In the first two months of 2024, the total import and export value of the nine cities in the Guangdong-Hong Kong-Macao Greater Bay Area reached 1.29 trillion yuan. Guangdong launched the application work for the first batch of film project funding and awards in 2024.

4) Governor of Gansu Province, Ren Zhenhe: Gansu is not synonymous with backwardness; it should not be backward, it is unwilling to be backward, and it cannot be backward. Guizhou will launch a "Ten Million Students Sunshine Sports" campaign.

5) Shaanxi Railway operates a "Silver Hair Temple Fair" special train to add color to the elderly's health and wellness.

6) The southern region will experience overcast and rainy weather, and the central and northern parts of Xinjiang will experience rain and snow. From 8 PM on March 11 to 8 PM on March 12, light snow or sleet is expected in parts of northern and northwestern Xinjiang, southwestern Xinjiang, northern and eastern Tibet, eastern and southern Qinghai, and northern parts of the western Sichuan Plateau.

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