①Four departments: Encourage insurance coverage establishments to extend monetary assist for enterprise capital corporations specializing in cutting-edge expertise; ②Apple China’s official web site launches the brand new iPhone 17e; ③MINIMAX: Fiscal yr 2025 lack of $1.87 billion, adjusted web loss at $250 million.
The STAR Market Daily reported on March third that the principle highlights in as we speak’s morning briefing embody: Four departments encourage insurance coverage establishments to extend funding assist for enterprise capital corporations specializing in cutting-edge expertise; Apple China’s official web site launches the brand new iPhone 17e; MINIMAX: Fiscal yr 2025 lack of $1.87 billion, adjusted web loss at $250 million.
This is Xiao Okay, your anchor from the STAR Market Daily, bringing you the most recent updates.
Market Dynamics
Four departments encourage insurance coverage establishments to extend monetary assist for enterprise capital corporations specializing in cutting-edge expertise fields.
The Ministry of Science and Technology and three different departments issued the ‘Several Opinions on Accelerating High-Quality Development of Technology Insurance to Strongly Support High-Level Technological Self-Reliance.’ It emphasizes encouraging insurance coverage funds to prioritize assist for enterprises enterprise main nationwide science and expertise tasks, strengthening funding in rising industries and future industries. It additionally encourages insurance coverage establishments to boost monetary assist for enterprise capital corporations specializing in cutting-edge expertise fields.
NVIDIA Plans to Invest $2 Billion Each in Two Optics Companies to Strengthen AI Computing Ecosystem
NVIDIA has agreed to take a position a complete of $4 billion in two firms creating knowledge middle optical applied sciences, that are essential for synthetic intelligence programs. NVIDIA introduced on Monday that it’ll make investments $2 billion every in Lumentum Holdings Inc. and Coherent Corp. beneath multi-year agreements. Both offers embody procurement agreements and using superior laser elements. The funds can be used to assist analysis and growth.
Lei Jun introduced the most recent progress of Xiaomi’s robotic: It has accomplished an internship at an car manufacturing facility and achieved partial autonomy in particular eventualities.
Lei Jun introduced the most recent progress of Xiaomi’s robotic, stating that it has accomplished an internship at an car manufacturing facility and achieved partial autonomy in sure eventualities. Lei Jun remarked, ‘Although it might nonetheless seem considerably clumsy, that is certainly a really significant begin.’
Hubei: Aims to draw and domesticate 100 high-quality sensible sensor enterprises by 2030, with an business scale reaching 30 billion yuan.
Hubei Provincial Government Information Office held a press convention on March 2nd to interpret the ‘Action Plan for Accelerating the Integrated Development of the ‘World Optics Valley’ Sensor Industry Cluster (2026–2030).’ The Hubei Provincial Department of Economy and Information Technology acknowledged its purpose of attracting and cultivating round 100 high-quality sensible sensor enterprises by 2030, attaining an business scale of 30 billion yuan and driving software industries to exceed 500 billion yuan. The plan contains constructing the Optics Valley Smart Sensor Industrial Park to excessive requirements, establishing R&D incubation facilities and pilot verification bases to assist your entire strategy of R&D and manufacturing, aiming to create a top-tier home sensor industrial base.
According to knowledgeable sources, as SpaceX’s IPO approaches, Elon Musk’s social media platform X (previously Twitter) and synthetic intelligence (AI) startup xAI will repay $17.5 billion in debt.
Apple China’s official web site launches the brand new iPhone 17e, beginning at 4,499 yuan.
Apple China’s official web site launched the brand new iPhone 17e, beginning at 4,499 yuan with a base storage of 256GB. Pre-orders can be accepted on March 4th at 10:15 PM. The iPhone 17e is provided with the A19 chip, which is a part of the identical technology as your entire iPhone 17 sequence.
Company Insights
MINIMAX: Fiscal Year 2025 income of 79 million US {dollars}, annual lack of 1.87 billion US {dollars}, adjusted web lack of 250 million US {dollars}.
MINIMAX’s fiscal yr 2025 income reached 79 million US {dollars}, representing a year-on-year improve of 158.9%. More than 70% of the income got here from worldwide markets. The annual loss was 1.87 billion US {dollars}, marking a year-on-year improve of 302.3%. The adjusted web loss stood at 250 million US {dollars}, with the loss price narrowing considerably in comparison with the earlier yr. As of December 31, 2025, MiniMax has served over 236 million customers throughout greater than 200 international locations and areas, in addition to 214,000 company shoppers and builders from over 100 international locations and areas.
Zhongju Core Materials: Shareholders holding greater than 5% of the corporate’s shares plan to extend their holdings by an quantity at least RMB 50 million and not more than RMB 100 million.
Zhongju Core Materials (688549.SH) introduced that Quzhou Hengxin Enterprise Management Partnership (Limited Partnership), a shareholder holding greater than 5% of the corporate’s shares, plans to extend its holdings in the corporate by way of centralized bidding inside six months from the date of the announcement. The funds will come from each proprietary capital and a particular mortgage for inventory purchases, with the overall deliberate funding ranging between RMB 50 million and RMB 100 million. The entity growing its holdings is the corporate’s worker shareholding platform, pushed by confidence in the corporate’s future growth prospects and recognition of its long-term funding worth. CITIC Bank has issued a mortgage dedication letter agreeing to offer Hengxin Enterprise with a special-purpose mortgage of as much as RMB 90 million. The share buy plan could face dangers resembling modifications in the capital market, coverage changes, or inadequate funding.
Aiduo Pharmaceutical plans to lift not more than 1.277 billion yuan by way of a personal placement, with precise controller Fu Heliang collaborating in the subscription.
Aiduo Pharmaceutical (688488) introduced on March 2nd that the corporate’s board of administrators determined to terminate the 2026 plan for issuing A-share shares beneath a simplified process to particular buyers. To higher align with the corporate’s future growth plans, Aiduo Pharmaceutical intends to conduct a personal placement focusing on not more than 35 buyers (inclusive), together with one of many firm’s precise controllers, Fu Heliang, elevating as much as 1.277 billion yuan (inclusive). The web proceeds can be used for world scientific growth tasks of recent HIV integrase inhibitors (INSTI), buying 22.2324% fairness in Nanda Pharmaceutical from minority shareholders, and supplementing working capital.
Lan Jian Intelligent: Certain administrators and senior executives plan to extend their shareholdings by an quantity starting from 3.75 million yuan to 7.5 million yuan.
Lan Jian Intelligent (688557) introduced on March 2nd that Zhang Xiaoyi, director and basic supervisor, Shen Changpeng, director, Lin Mao, director, and Dong Xinjun, monetary director and secretary of the board, plan to make use of their very own funds or self-raised funds to buy further firm shares by way of centralized bidding inside 12 months ranging from March 2nd, 2026. The complete deliberate funding ranges from at least 3.75 million yuan (inclusive) to not more than 7.5 million yuan (inclusive).
World: Plans to lift 300 million yuan for the industrialization of diamond micro-drills and different tasks.
World (688028.SH) introduced that the corporate plans to challenge shares to particular buyers by way of a simplified process, with a complete fundraising goal of 300 million yuan. The funds can be used for Phase I of the diamond micro-drill industrialization venture, Phase I of the diamond useful supplies industrialization venture, and the diamond useful supplies analysis and growth middle venture.
HaoHan Depth: Shareholder Zhicheng Guangyi Plans to Reduce Stake by No More Than 3%
HaoHan Depth (688292.SH) introduced that Beijing Zhicheng Guangyi Investment Management Center (Limited Partnership), a shareholder holding greater than 5%, plans to cut back its stake by way of centralized bidding and block buying and selling. The complete discount is not going to exceed 4,750,462 shares, which is not more than 3% of the corporate’s complete share capital; together with not more than 1,583,487 shares (not more than 1%) by way of centralized bidding and not more than 3,166,975 shares (not more than 2%) by way of block buying and selling. The discount interval is from March 24, 2026, to June 24, 2026. The purpose for the discount is because of the shareholder’s personal funding wants, and the supply of the shares is from these obtained previous to the preliminary public providing.
Aladdin: Controlling shareholder Xu Jiuzhe plans to cut back shareholding by not more than 0.902%.
Aladdin (688179.SH) introduced that Xu Jiuzhe, the controlling shareholder, precise controller, and chairman, based mostly on his personal monetary wants, plans to cut back the corporate’s shares by way of block buying and selling by not more than 3 million shares, accounting for 0.902% of the overall share capital.
Frontiers of Science and Technology
China achieves milestone progress in quantum expertise.
On the 2nd, reporters discovered from the Beijing Academy of Quantum Information Sciences that Yuan Zhiliang’s group, in collaboration with Niu Zhichuan’s group from the Chinese Academy of Sciences’ Semiconductor Institute, made important progress in solid-state quantum gentle supply analysis. They efficiently developed a high-efficiency, high-purity two-photon emitter. This achievement represents a key step ahead in realizing biphoton states utilizing single quantum dot emitters and is taken into account a milestone. The related analysis findings had been revealed on that day in the worldwide journal Nature Materials.
The Shanghai Academy of Sciences, in collaboration with Fudan University, launched the ‘Super Research Partner’ clever analysis platform.
Recently, the Shanghai Scientific Intelligence Research Institute, along with Fudan University, formally launched the absolutely upgraded ‘Stellar River Enlightened Scientific Intelligence Open Platform,’ unveiling its core achievement—the Super Research Partner ‘Dasheng.’ It features a tremendous mind—multimodal scientific foundational mannequin, long-term multi-threaded collective reminiscence, expert-level scientific abilities, self-driving laboratories, and safe and dependable analysis intelligence brokers.