A-shares early trading positive and negative news: The US and Iran receive ceasefire agreement proposals; new regulations on short-term trading supervision take effect today.

Ask AI · How Do Progress Updates on the U.S.-Iran Ceasefire Deal Affect Sentiment in China’s A-Share Market?

Macro News

1、According to a report from UK sources on the 6th, a source said that the United States and Iran have received a draft plan for the ceasefire agreement, which could take effect on the 6th. The source said Pakistan has drawn up a framework proposal to end the conflict and has communicated with the U.S. and Iran. The plan is intended to first achieve an immediate ceasefire, reopen the Strait of Hormuz, and then reach a final agreement within 15 to 20 days. The final agreement may include Iran’s commitment not to seek nuclear weapons in exchange for the lifting of sanctions and the release of frozen assets.

2、Iran responded to Pakistan regarding the proposal to end the war put forward by the United States. Iran ruled out the possibility of a temporary ceasefire and emphasized that the conflict must be permanently ended. It called for the formulation of a security transit agreement for the Strait of Hormuz, post-war reconstruction, and the lifting of sanctions, among other things. Trump’s assessment said that while the proposal is meaningful, it is still not good enough.

3、To keep bank-system liquidity sufficient, today (April 7), the People’s Bank of China will conduct a 800 billion yuan buyout-style reverse repo operation with a fixed amount, rate bidding, and a multi-price winning approach, with a term of 3 months (89 days). The maturity date is July 5, 2026 (extended if it falls on a holiday).

4、Nine departments including the Ministry of Commerce jointly issued the 《Action Plan for Enhancing Service Consumption and Benefiting the People in 2026》. The 《Action Plan》 proposes 64 specific task measures across six areas, including improving policy support, innovating consumption scenarios, building platform carriers, expanding opening up to the outside world, strengthening standard guidance, and optimizing the consumption environment. Focusing on traditional service consumption sectors such as dining and accommodation, elder care, childcare, culture, entertainment, tourism, and sports and health, as well as new growth points such as housekeeping services, online audio-visual services, inbound consumption, and performance services, it will coordinate efforts from both the supply and demand sides to build a number of new consumption scenarios with broad reach and high visibility.

5、China’s March foreign exchange reserves data will be released today. Previously, China has increased its gold holdings for 16 consecutive months.

Industry News

1、At 24:00 today, the domestic refined oil pricing adjustment window begins. Institutions predict that, under the domestic refined oil pricing mechanism, the price increase for refined oil on April 8 will be around 130 yuan per ton, marking the sixth increase of the year.

2、Today, the China Securities Regulatory Commission’s 《Several Provisions on the Regulation of Short-Term Trading》 officially came into effect. Based on a systematic review of domestic and foreign legislation, judicial practice, and regulatory practice, the 《Provisions》 addresses market concerns and further clarifies regulatory arrangements related to short-term trading by controlling shareholders and senior executives in listed companies.

3、The Ministry of Commerce and six other departments released guidance on how to better serve the real economy and promote high-quality development of e-commerce. It mentions supporting leading e-commerce enterprises to increase R&D investment, strengthen breakthroughs in core technologies in key areas, and build an “industry-research collaboration, education-for-application transformation” innovation ecosystem. It also proposes developing “artificial intelligence + e-commerce,” guiding e-commerce enterprises to strengthen the R&D and application of technologies such as AI large models, optimize the consumption experience, reduce operating costs, and improve distribution efficiency.

4、A major breakthrough was published by the Hu Yongsheng team at the Institute of Physics of the Chinese Academy of Sciences in 《Nature · Energy》: the team successfully developed a polymerizable self-protecting nonflammable electrolyte (PNE). For the first time globally, it completely blocks thermal runaway in time-scale-level sodium-ion batteries. When the battery temperature rises abnormally to above 150°C, the PNE automatically turns from liquid to solid, forming a dense barrier—like building an “intelligent firewall” inside the battery—to completely cut off the transmission path of thermal runaway.

5、From the Ministry of Commerce, during the Qingming holiday, multiple regions implemented consecutive spring breaks, which effectively released consumption demand and injected momentum into the spring consumption market. According to data from the Ministry of Commerce’s business big data, during the Qingming holiday, the average daily sales of key retail and catering enterprises nationwide increased 2.4% year over year. The passenger volume and revenue of 78 pedestrian streets (business districts) monitored by the Ministry of Commerce increased 6.0% and 6.7%, respectively.

6、On April 7, the first flight of the megawatt-class hydrogen-fueled aviation turboshaft engine AEP100, independently developed by the Hunan Power Machinery Research Institute of the AVIC Aero-Engine Group, was successfully conducted with a 7.5-ton-class unmanned cargo aircraft assembled at Zhuzhou Lusong Airport. Experts from AVIC Aero-Engine Group said that in the future, as the production cost of green hydrogen continues to decline further, the economic advantages and energy security advantages of hydrogen-powered aviation power will gradually become apparent.

7、Based on the latest data calculations from OpenRouter, last week (March 30 to April 5), the weekly call volume of China’s AI large models rose to 12.96 trillion Tokens, up 31.48% from the previous week. China’s AI large-model weekly call volume has increased for five consecutive weeks, and it has also surpassed the United States for five consecutive weeks.

8、At the 2026 Space Computing Power Industry Conference, the “Space Computing Power Professional Committee” in the development-of-space-computing-power layout was established. On the day of the conference, ten key breakthrough projects were announced, including satellite platform level, chip level, payload card level, networking operation level, hardware system level, system software level, industrial application level, cross-structure level, cross-launch vehicle rocket level, and cross-thermal management level, among other key technologies. The committee will carry out joint R&D and cooperation with the industry.

9、The Middle East conflict has disrupted shipping through the Strait of Hormuz, causing global shipping costs to surge rapidly and war-risk insurance premiums for vessels to rise quickly. In addition, shipping companies also need to consider freight rates. Industry insiders said that freight rates have currently increased by 11 to 12 times. Insurance and the cost of rerouting are being passed down layer by layer, continuously impacting global trade and the security of supply chains.

10、A reporter from the China Securities Golden Bull platform learned from people in the industrial chain that Foxconn has begun trial production of Apple’s foldable-screen iPhone. In 2025, the reporter learned from supply-chain companies that Apple provides suppliers with shipment target guidance: the first foldable-screen iPhone will be launched in the second half of 2026, which will be a large-fold foldable-screen iPhone.

Company News

1、Hengxin Dongfang announced that, due to false records in its 2022 annual report leading to the implementation of other risk warnings, the company’s stock abbreviation was changed from “Hengxin Dongfang” to “ST Hengxin.” The company’s shares will be suspended for one trading day starting from the market open on April 7, and will resume trading starting from the market open on April 8.

2、Guangsheng Tang announced that the company’s shares, due to the cumulative closing-price deviation value from April 1, 2026 to April 3, 2026, exceeding 30% over three consecutive trading days, fall under abnormal fluctuations in stock trading. The company’s innovative hepatitis B drug is still in the R&D stage.

3、Haitai Ke announced that it is planning to issue shares and pay cash to purchase assets. At the same time, it will also plan to issue shares to raise supporting funds. The target company of this transaction is Qingdao Xuyu Tuogong Materials Co., Ltd., a company listed on the National Equities Exchange and Quotations (NEEQ). The company’s shares will be suspended starting from the market open on April 7, 2026.

4、Hangjin Technology announced that, due to suspected violations of information disclosure by the company, the CSRC has decided to file a case against the company in accordance with relevant laws and regulations.

5、Zhunyou Shares released a revised announcement of its 2025 performance forecast. It is expected that the total profit and net profit for 2025, as well as net profit after excluding non-recurring items, will all be negative values, and operating revenue after deduction will be below 300 million yuan. According to relevant regulations, if the above circumstances are true, after the company discloses its 2025 annual report, the company’s stock trading may be subject to a delisting risk warning.

6、Shandong Zhanggu announced that, due to false records in its 2024 annual report leading to the implementation of other risk warnings, the stock abbreviation has been changed to “ST Zhanggu.” Trading will be suspended for one day starting from the market open on April 7, and will resume trading starting from the market open on April 8, 2026.

7、*ST Guandian announced that, due to suspected violations of information disclosure and other issues, in accordance with laws and regulations including the Securities Law of the People’s Republic of China and the Administrative Penalty Law of the People’s Republic of China, the CSRC has decided to file a case against the company.

8、Dongyue Silicone Materials announced that it expects its net profit in the first quarter of 2026 to increase by 397.02%-451.34% compared with the same period last year. Since December 2025, influenced by improvements in the market environment and industry supply-demand structure, prices of major products in the organosilicon industry have risen and returned to a reasonable range. As a result, the company’s gross profit margin for products has increased significantly.

9、E-CET Digital announced that, due to suspected violations of information disclosure by the company, in accordance with relevant laws and regulations, the CSRC has decided to file a case against the company.

Global Markets

Trump said that if Iran fails to “surrender” before 20:00 Eastern Time on April 7, he will launch strikes against Iran’s civilian infrastructure. The U.S. military would only need four hours to destroy Iran’s bridges and power plants. Iran could be overwhelmed within a single night—perhaps the evening of the 7th.

NASA said that the ongoing “Artemis 2” crewed lunar flyby mission is breaking the human record for farthest distance from Earth created by the 1970 Apollo 13 lunar mission.

The earliest that U.S. actions against Iran could escalate is Tuesday. International oil prices are rising. The WTI May contract settlement price closed at $112.41 per barrel, up 0.78%; the Brent June contract settlement price closed at $109.77 per barrel, up 0.68%.

Despite Trump increasing threats ahead of his self-set final deadline, all three major U.S. stock indexes still closed higher. The Nasdaq rose 0.54%, the S&P 500 rose 0.44%, and the Dow rose 0.36%. Among them, both the Nasdaq and the S&P 500 recorded a fourth consecutive day of gains. The storage-chip sector moved higher: Seagate Technology rose more than 5%, Western Digital and SanDisk rose more than 3%. Popular Chinese-concept stocks saw mixed moves up and down, while the Liquefmore Chinese-concept stock index leader rose 0.16%. The FTSE China A50 index futures night session closed up 0.36%, at 14565 points.

Spot gold closed down 0.59%, at $4,648.83 per ounce; spot silver closed down 0.15%, at $72.91 per ounce.

Investment Opportunity Reference

1、Downstream application paths are gradually becoming clear; the hydrogen-energy industry may be entering a scale-up and commercialization turning point

According to media reports, driven by heightened geopolitical tensions, international oil prices have risen sharply in recent days, further highlighting the importance of new energy. Among them, hydrogen energy is seen as especially promising because it can both absorb upstream surplus green electricity and provide clean, efficient energy to downstream users.

Hydrogen energy is emerging as a core hub to address the dual dilemmas of energy security and deep decarbonization. On one hand, recent turbulence in international geopolitics has further exposed the fragility of energy supply chains. On the other hand, the decarbonization process has moved into deep waters. “Hard-to-abate” sectors such as industry, chemicals, and transportation have become the main battlefield for carbon-reduction efforts, with carbon-reduction targets driving demand for hydrogen-ammonia alcohol (hydrogen-related fuel) to accelerate release. The downstream application pathways for hydrogen energy are becoming clearer step by step. They will first break through in the transportation and chemical industries, which are the least sensitive to price, and advance along the path of “green shipping, hydrogen-powered heavy trucks, chemicals, metallurgy, and energy storage.” Guotai Junan Securities pointed out that as an important component of the future national energy system, hydrogen energy is standing at a historical turning point toward scale and commercialization.

2、Raw-material supply disruptions appear; Japanese suppliers of tungsten hexafluoride may suspend shipments

According to media reports, Japanese tungsten hexafluoride (WF6) suppliers, such as Kanto Denka and Central Glass Co., Ltd., have begun notifying South Korean semiconductor companies, including Samsung Electronics and DB HiTek, that their supply of raw materials has been interrupted. It is reported that these WF6 suppliers will use existing inventories of tungsten to maintain supply through May or June, but cannot guarantee supply for the second half of the year.

In semiconductor manufacturing, tungsten hexafluoride is mainly used as a key tungsten source and is widely applied in chemical vapor deposition (CVD) processes. Leveraging tungsten metal’s excellent electrical conductivity, thermal stability, and its ability to fill high aspect-ratio pores, tungsten hexafluoride can deposit a dense, uniform tungsten thin film on the surface of silicon wafers. This thin film is used to build the interconnection structure of circuits inside chips, performing the function of transmitting electrical signals, making it an indispensable key material in manufacturing highly integrated chips. From the perspective of global capacity layout, according to data from Zhiyan Consulting, the total global production capacity of WF6 is currently about 10,350 tons, of which mainland China accounts for 5,130 tons—more than half of the global total—showing China’s important position in the global supply chain.

(China Financial News)