Author: xjadmin

On April 28th, 2024 is the first year for the financial industry to complete the “Five Great Articles”. The achievements of listed financial institutions in doing well in the “five major articles” are reflected in the details of their annual reports – compared to the overview of the 2023 annual report, the 2024 annual report mostly includes columns and special introductions on the progress. In the “Five Great Articles of Finance”, pension finance is closely related to people’s lives. The reporter found through the 2024 annual report that listed financial institutions deeply grasp the political and people-oriented nature of financial work, and start from various aspects such as expanding the scale of pension funds, enriching pension financial products, optimizing the supply of pension services, and increasing financial support for the pension industry, to do a good job in the “era answer sheet” of pension finance. (Shanghai Stock News)

On April 28th, last week, the main A-share indices continued to rebound, with a slight increase in market trading activity. However, the rebound trend was somewhat differentiated, with the ChiNext Index and the Shenzhen Component Index rising 1.74% and 1.38% respectively, outperforming the Shanghai Composite Index. Looking ahead to the market trend in May, institutional analysis suggests that with positive policy signals, macroeconomic recovery, and moderate liquidity, the risk appetite of the A-share market is expected to continue to increase, and sectors with sustained catalytic factors in subsequent policies and industries will be the focus of trading. (Shanghai Stock News)

On April 27th local time, according to the prosecutor’s request, the Basman District Court in Moscow, Russia approved the pre-trial detention of the suspect Ignat Kuchin, who committed a car explosion that resulted in the death of a Russian lieutenant general, for one month and 30 days. The investigation shows that the explosion was caused by a homemade explosive device containing fragments. Suspect Kuzin obtained accessories, video surveillance, and control systems for making explosive devices at a location in Barashiha, Moscow Oblast in March this year, and then installed them in a Volkswagen “Golf” car. During the interrogation, Kujin confessed in detail the entire process from criminal preparation to implementation. After completing the preparation work on April 23rd, Kujin fled. In fact, he received a total of $18000 in compensation for committing this criminal act. On April 25th, when Russian Lieutenant General Moskalik walked out of his residence unit, an explosive device was remotely detonated, resulting in his death. According to the news from the Russian Federal Security Service on April 26th local time, the suspect suspected of participating in the Mosskarik bombing case, the Deputy Director of the Operations Department of the Russian General Staff, has been arrested. The department stated that the detained individual is Ukrainian agent Ignat Kuzin, born in 1983, and holds a residence permit in Ukraine. There is currently no response from the Ukrainian side regarding this matter.

On April 28th, Gary Cohen, who served as the Director of the White House National Economic Council during Trump’s first presidential term, stated on April 27th local time that the impact of the current US tariff policy will begin to manifest nationwide by the end of next month, based on the time required for goods transportation and distribution. Gary Cohen said that people with lower income levels and economic strength will spend 100% of their salary on purchasing goods, while the wealthy will store a higher proportion of their income. This means that tariffs will have a greater impact on low-income Americans. On the issue of interest rates, Gary Cohen stated that from the perspective of the Federal Reserve, this institution is fulfilling its assigned responsibilities, so fundamentally, the Fed has no reason to take action to lower interest rates now.

On April 28th, according to statistics released by the Gaza Strip health department on the evening of April 27th local time, the Israeli military’s military operations in the Gaza Strip from dawn to evening resulted in at least 51 deaths. The airstrikes in Khan Younis in southern Gaza, Deir ez Zor in central Gaza, and Gaza City in northern Gaza have resulted in multiple deaths. Israel has not yet responded to this news.

On April 28th, the US Drug Enforcement Administration detained over 100 immigrants suspected of illegal entry during a raid on an underground nightclub in a shopping center in Colorado Springs on April 27th local time. More than ten active duty soldiers were also found engaged in illegal activities at the nightclub during the raid.

On April 28th, Steve Lay, acting chief of the Vancouver Police Department in Canada, stated at a press conference on April 27th that the Vancouver vehicle collision incident has resulted in 11 deaths and dozens of injuries, some of which are severe. The number of deaths may continue to rise in the coming days or weeks. Steve Lai said that the cause of the incident is still under investigation, and investigators are currently submitting evidence related to the case to the royal prosecutor. The Royal Prosecutor is an independent body in British Columbia that brings criminal charges. After the accusation approval process is completed, more information will be released.

On April 28th, according to the announcement made by the Russian Ministry of Foreign Affairs on April 27th local time, Russian Foreign Minister Lavrov stated in an interview with American media that it was the United States that withdrew from the process of consolidating strategic stability. If the US wants to return to this path, the Russian side will consider under what circumstances it is possible. Lavrov stated that if the US maintains an equal and mutually respectful stance towards dialogue, Russia and the US can return to negotiations on arms control issues.

On April 28th, before the United States is about to impose tariffs on small packages, fast fashion giant Shein has raised the prices of various products from clothing to kitchen supplies, indicating that the potential impact of the trade war on American consumers is beginning to emerge. According to the data, most of the price increases occurred last Friday, with significant differences in price increases among different categories. The average price of the top 100 best-selling products in the beauty and health category has increased by 51% compared to last Thursday, with some products experiencing a price increase of more than double. The average price increase for household items and toys exceeds 30%, and the price of a 10 piece set of kitchen towels skyrockets by 377%. The increase in women’s clothing is relatively small, at 8%.

On April 27th, Canadian Prime Minister Carney stated in a speech regarding the Vancouver vehicle collision incident that there was no “active threat” against Canadians after the attack. Carney said, “Currently, we do not believe that Canadians face any actual threats.” He also stated that authorities have confirmed that the detained suspects acted alone.