Morning Report

Tuesday, March 3, 2026, Lunar New Year’s Fifteenth Day, Good Morning!
1. The stock prices of the "Three Big Oil" companies—China National Petroleum Corporation, Sinopec, and China National Offshore Oil Corporation—closed at their daily limit for the first time collectively.
2. Several jewelry brands have suspended sales of investment gold bars and shifted to craft gold bars with a premium of 200-300 yuan per gram. The current price of craft gold bars is about 1,400 yuan/gram, while jewelry gold prices reach 1,620 yuan/gram.
3. In January, China sold 55.246 billion yuan worth of lottery tickets, a year-on-year increase of 13.9%.
4. The Supreme Court: Clarifies that the act of one spouse violating the duty of fidelity and gifting joint property to a third party is invalid.
5. Hong Kong’s GDP in 2025 was approximately 3.05 trillion RMB, making it the sixth city to reach a GDP of 3 trillion RMB after Shanghai, Beijing, Shenzhen, Chongqing, and Guangzhou.
6. Starting March 1, the eight major river basins including Qiantang River, Ou River, and Jiao River in Zhejiang fully enter the fishing ban period, prohibiting all fishing activities except recreational angling.
7. China Southern Airlines’ tenth C919 aircraft officially joins the fleet, with the fleet size surpassing double digits, further supporting the large-scale operation of domestically produced large aircraft.
8. The inaugural Overseas Investment and Comprehensive Services Expo will be held from March 25 to 28 at the Shanghai Oriental Hub International Business Cooperation Zone.
9. On March 2, the 2026 Mobile World Congress opened in Barcelona, Spain. The theme focuses on the deep integration of AI and communication technology, covering 6G, vehicle networking, and other areas, attracting over 2,900 companies worldwide. The Chinese exhibition group accounts for 18% of the total area.
10. Iran allows foreign students to leave the country via land border crossings without exit permits.
11. France states it is "ready to participate" in defense actions with Gulf countries.
12. UK Prime Minister Rishi Sunak: The UK has agreed to allow the United States to use UK military bases for "specific and limited" defense purposes.