Weekend News Summary: The United States and Israel Launch Military Attacks Against Iran

This weekend’s major market-impacting news includes: the United States and Israel launching military strikes against Iran; Iran’s Supreme Leader Khamenei being attacked and killed; Iran’s Islamic Revolutionary Guard Corps announcing the closure of the Strait of Hormuz; Foreign Ministry spokesperson answering questions about the US and Israel’s military strikes on Iran; the State Council Tariff Tariff Committee adjusting tariffs on certain imported goods originating from Canada; the CSRC holding a symposium on the “14th Five-Year” foreign investment plan for capital markets; and the CSRC releasing the “Private Equity Fund Information Disclosure Supervision and Administration Measures.”

Macroeconomics

National Committee of the Chinese People’s Political Consultative Conference Agenda Announced

The 15th meeting of the Standing Committee of the 14th National Committee of the Chinese People’s Political Consultative Conference will be held in Beijing on March 4, 2026, following the decision made at the 15th meeting of the Standing Committee of the 14th National Committee on March 1. The main agenda includes: listening to and reviewing the work report of the Standing Committee of the National Committee of the Chinese People’s Political Consultative Conference and the proposal work since the third session of the 14th National Committee; attending the Fourth Session of the 14th National People’s Congress, listening to and discussing the government work report and other relevant reports; and discussing the draft outline of the 15th Five-Year Plan for national economic and social development.

US and Israel Launch Joint Military Action Against Iran

On February 28, in Tehran, Iran, three loud explosions were heard. Israeli Defense Minister Gantz announced a preemptive strike against Iran. Gantz declared a state of emergency across Israel. Qatar’s Al Jazeera reported, citing US officials, that the US and Israel launched a joint military operation aimed at destroying Iran’s security system.

Iran’s Supreme Leader Khamenei Attacked and Killed

On March 1, local time, reports confirmed that Iran’s Supreme Leader Khamenei was attacked and killed on the morning of February 28. Khamenei’s life has been closely intertwined with revolution and struggle, witnessing and participating in the Islamic Revolution, Iran-Iraq War, nuclear negotiations, and other historic events, surviving multiple crises such as imprisonment, assassination attempts, and sanctions. Amidst the turbulent Middle East, he has remained a political strongman. Iranian media reported that the government announced a 40-day national mourning.

Iran’s Islamic Revolutionary Guard Corps Announces Launch of “Honest Commitment 4” Large-Scale Military Operation

On February 28, Iran’s Islamic Revolutionary Guard Corps officially announced the launch of a transnational strike operation codenamed “Honest Commitment 4.” According to their continuous announcements, this operation aims to retaliate against US and Israeli aggression on Iranian territory. Middle Eastern media reported that following the joint military strikes by the US and Israel, explosions also occurred in Bahrain, the UAE, Qatar, Saudi Arabia, Kuwait, and other Middle Eastern countries.

Foreign Ministry Spokesperson Responds to US and Israel’s Military Strikes on Iran

Question: Reports indicate that on February 28, Beijing time, the US and Israel launched military strikes against Iran. What is China’s comment?
Answer: China is highly concerned about the US and Israel’s military strikes on Iran. Iran’s sovereignty, security, and territorial integrity should be respected. China calls for an immediate halt to military actions, avoiding further escalation of tensions, resuming dialogue and negotiations, and maintaining peace and stability in the Middle East.

Foreign Ministry Spokesperson Responds to Attack on Iran’s Supreme Leader Khamenei

Question: Reports say Iran’s Supreme Leader Khamenei was killed in US and Israeli airstrikes. What is China’s comment?
Answer: Attacking and killing Iran’s top leader severely infringes on Iran’s sovereignty and security, tramples on the purposes and principles of the UN Charter and basic norms of international relations. China firmly opposes and strongly condemns this. We urge an immediate stop to military actions to prevent further escalation and to jointly maintain peace and stability in the Middle East and the world.

Wang Yi Holds Phone Call with Russian Foreign Minister Lavrov

On March 1, Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, held a phone call with Russian Foreign Minister Lavrov. Wang Yi stated that under the promotion of China and Russia, the UN Security Council held an emergency meeting yesterday on the current Iran situation. China advocates respecting the purposes and principles of the UN Charter and opposes the use of force in international relations. Attacks by the US and Israel during Iran-US negotiations are unacceptable; killing a sovereign leader and inciting regime change are also unacceptable. These actions violate international law and basic norms of international relations. The conflict has now spread to the entire Persian Gulf, and the Middle East situation may be pushed into a dangerous abyss. China is highly concerned.

State Council Tariff Tariff Committee: Adjusts Tariffs on Certain Imported Goods from Canada

The State Council Tariff Tariff Committee announced that from March 1, 2026, to December 31, 2026, it will adjust the tariffs imposed on certain imported goods from Canada as per the previous announcement (Tariff Committee Announcement 2025 No. 3). Specifically, the 100% tariffs on Canadian oilseed cakes and peas, and the 25% tariffs on Canadian lobsters and crabs, will not be levied.

Ministry of Commerce: Cancels Discriminatory Tariffs on Certain Canadian Imports

Recently, China and Canada reached a preliminary joint arrangement on trade issues. The Canadian government officially announced adjustments to some restrictions, including tariffs on steel and aluminum products imported from China. After investigation, it was determined that certain conditions are met, and the existing discriminatory measures will be adjusted accordingly, with some tariffs on Canadian imports to be lifted. Further announcements will be made regarding tariff adjustments.

Global Markets

US Stock Market: Major Indices All Decline, Nvidia Down Over 4%, Spot Silver Up Over 6%

On February 27, the three major US stock indices closed lower. The Dow Jones Industrial Average fell 521.28 points to 48,977.92, down 1.05%; the S&P 500 declined 29.98 points to 6,878.88, down 0.43%; the Nasdaq Composite dropped 210.17 points to 22,668.21, down 0.92%.

Iran’s Islamic Revolutionary Guard Corps Announces Closure of the Strait of Hormuz

According to Al Arabiya TV on February 28, Iran’s Islamic Revolutionary Guard Corps announced the closure of the Strait of Hormuz. Iranian sources report that ships in the region are receiving high-frequency repeated messages from the IRGC, stating that no ships are authorized to pass through the Strait.

Elon Musk: Tesla Will Build a Factory on the Moon in 20 Years, Advises Long-term Holding

Following the announcement that xAI plans to build AI satellite factories on the Moon, Elon Musk said that within 20 years, Tesla will also establish a factory on the Moon. On February 27, Tesla’s official account released a video of CEO Elon Musk and Berlin Gigafactory head André Thierig discussing at the factory.

OpenAI Announces $110 Billion Investment at a Valuation of $730 Billion

OpenAI announced a new investment of $110 billion at a valuation of $730 billion, including $30 billion from SoftBank, $30 billion from Nvidia, and $50 billion from Amazon. OpenAI plans to expand AWS cooperation to $100 billion over 8 years. It also signed a strategic partnership with Amazon and collaborated with Nvidia on next-generation inference computing. As funding rounds progress, more financial investors are expected to join.

Warren Buffett Delivers a Perfect 2025 Performance: Per-Share Market Value Grows 11%, Total Increase Since 1964 Reaches 60,000 Times

Berkshire Hathaway disclosed its 2025 performance on Saturday night. The per-share market value increased by 10.9%, while the S&P 500 rose 17.9 percentage points. Over the long term, from 1965 to 2025, Berkshire’s per-share value grew at a compound annual rate of 19.7%, significantly surpassing the 10.5% of the S&P 500.

Financial Capital

CSRC Holds Symposium on the “14th Five-Year” Foreign Investment Plan for Capital Markets

On February 27, CSRC Party Secretary and Chairman Wu Qing held a symposium in Beijing with representatives from eight foreign securities, fund, and futures institutions in China. Wu Qing emphasized that the CSRC will thoroughly implement the decisions of the 20th CPC Central Committee and the upcoming “Two Sessions,” and will diligently advance the “14th Five-Year” plan for capital markets, focusing on key measures to promote high-quality development over the next five years.

CSRC Releases “Private Equity Fund Information Disclosure Supervision and Administration Measures”

To regulate private fund information disclosure and protect investors’ rights, the CSRC issued the Measures, effective September 1, 2026. The Measures clarify the responsibilities of private fund managers and custodians for information disclosure, standardize disclosure behaviors, improve transparency, and safeguard investors’ legitimate rights.

Shanghai Stock Exchange: Focused Monitoring of Overpriced Funds Including Korea-China Semiconductor ETF

From February 24 to 27, the SSE took regulatory measures against 158 cases of abnormal trading behaviors such as market manipulation and false reporting, including delisting warnings for stocks like *ST Yanshi, *ST Zhengping, *ST Jinlun, and high-premium funds like Korea-China Semiconductor ETF. It also conducted special investigations into seven major corporate events and reported one suspected illegal case to the CSRC.

Important Index Adjustments Coming for A-shares and Hong Kong Stocks! How Big Is the Impact?

Following recent volatility in A-share and Hong Kong stock sectors, FTSE Russell announced preliminary results of the semi-annual review of global stock indices for March 2026. The adjustments will take effect after the close on March 20. The changes include adding 77 large-cap stocks and removing 38.

National Bureau of Statistics: A-shares Raised 1,258.3 Billion Yuan in 2025

Data shows that in 2025, the Shanghai and Shenzhen stock exchanges raised a total of 1.2583 trillion yuan through A-shares, an increase of 833.2 billion yuan from the previous year. There were 90 IPOs, raising 124.2 billion yuan, including 19 STAR Market stocks raising 38.1 billion yuan. Re-financing activities totaled 11.341 trillion yuan, up 7.712 trillion yuan from last year.

Industrial Economy

National Development and Reform Commission Price Monitoring Center: Storage Chip Prices Continue Rising and Transmitting Downstream

The NDRC Price Monitoring Center reports that since September 2025, driven by explosive demand and capacity shortages, the global storage market gap has widened, causing continuous increases in storage chip prices. Over the past month, the price rise has accelerated. Attention is recommended on how these increases impact downstream prices.

China’s First National Standard System for Humanoid Robots and Embodied Intelligence Released

On February 28, the annual conference on standards for humanoid robots and embodied intelligence (HEIS) was held in Beijing. As the first annual meeting since the establishment of the Standardization Technical Committee for Humanoid Robots and Embodied Intelligence in December 2025, government, industry, research, and investment representatives gathered to discuss standardization work.

China Imposes Anti-Dumping Duty on Imported Rapeseed from Canada Starting March 1

The Ministry of Commerce announced the final ruling on the anti-dumping investigation of imported rapeseed from Canada, setting the anti-dumping duty rate at 5.9%. The measures will be implemented from March 1 for five years, helping to alleviate domestic industry pressure and promote healthy, stable development.

Company Focus

Four Listed Companies Announce Investigations in One Night

On the evening of February 27, Haitai Development, Shuangliang Energy Saving, Jierong Technology, and Xin’an Jie announced they received notices of investigation. Shuangliang Energy Saving disclosed receipt of a “Notice of Filing” from the CSRC. Due to suspected misleading disclosures and other violations, the company is under investigation.

Cambrian AI Achieves Profitability in 2025: Net Profit of 2.059 Billion Yuan, Over Fourfold Revenue Growth

Cambrian announced a turnaround. On February 27, China’s leading AI chip company, Cambrian Technology, released its 2025 performance report, showing revenue of 6.497 billion yuan, up 453.21%, and net profit attributable to shareholders of 2.059 billion yuan, turning from a loss of 452 million yuan last year.

Zhongji Xuchuang: 2025 Net Profit of 10.799 Billion Yuan, Up 108.81% Year-over-Year

On February 27, Zhongji Xuchuang reported that in 2025, it achieved total revenue of 38.24 billion yuan, up 60.25%, and net profit of 10.799 billion yuan, up 108.81%. Benefiting from strong demand for computing infrastructure, product shipments increased rapidly, with high-speed optical modules’ share rising steadily. Product optimization and operational efficiency improvements contributed to significant growth.

Sichuan Yibin Wuliangye Group Party Secretary and Chairman Zeng Congqin Under Investigation

Zeng Congqin, Party Secretary and Chairman of Sichuan Yibin Wuliangye Group and Yibin Wuliangye Co., Ltd., is suspected of serious violations of discipline and law and is currently under disciplinary review and supervisory investigation by the Yibin Municipal Commission for Discipline Inspection and Supervision.