Morning Report

Saturday, April 4, 2026, Lunar Calendar February 17, Good Morning!

1. The People's Bank of China announced the addition of 12 new digital renminbi operation institutions, including 7 joint-stock banks and 5 city commercial banks, bringing the total to 22.

2. Ministry of Industry and Information Technology: Gradually developing space computing network construction and pilot verification, with steady progress in on-orbit deployment of large models.

3. Seven departments: By 2029, all outdated petrochemical and chemical plant upgrade and renovation tasks identified by localities in 2025 will be fully completed.

4. The People's Bank of China: On April 7, will conduct 800B yuan of 3-month reverse repurchase agreements. Since 1.1T yuan of similar operations mature on April 8, the amount will be reduced to 300B yuan for rollover this month.

5. The Tianlong-3 rocket launch failed! Performance benchmarks against SpaceX Falcon 9, capable of launching a 36-satellite constellation in one shot.

6. Shanghai Chuangxin Institute launches recruitment and admissions, jointly established by ShanghaiTech University, Shanghai Jiao Tong University, and Fudan University.

7. Wuhan Housing Provident Fund new policy: maximum 80% loan ratio for existing homes, with the removal of household registration restrictions for borrowers.

8. Ministry of Education: Mandatory education schools are strictly prohibited from establishing key classes, experimental classes, or fast-slow classes.

9. Starbucks completes joint venture deal with Boyu; company-owned stores in China will gradually transition to franchise model.

10. The Cambodian Senate passes the "Anti-Telecom Network Fraud Law" draft, to be implemented after the king's signing.

11. Iran announces it has shot down an F-35 fighter jet again and releases photos of the wreckage; the U.S. confirms: crew members are missing, and emergency rescue is underway.

12. Making history! Italy has failed to qualify for the World Cup finals for three consecutive tournaments, and the Football Association president resigns! Italy has won the World Cup four times; the last time they qualified for the finals was 12 years ago.