The establishment scale of rolling-held bond funds reaches a new high, with fund companies intensively laying out.

This year, the number and scale of bond funds with a rolling holding period have reached historical highs for this period. According to Wind data, as of April 19, a total of 10 rolling-held bond funds have been established this year (only counting main codes), with a total establishment scale of 5.003 billion yuan, both of which have reached historical highs for this period. Industry insiders believe that in the context of a low interest rate environment and increased interest rate fluctuations, rolling-held bond funds are increasingly popular as a "cash management" tool. Looking ahead, China's bond market is expected to continue its stable trend, and medium-to-short duration portfolios may withstand fluctuations caused by interest rate changes, highlighting the asset allocation value of short bond class assets using the "bond fund + rolling hold" investment strategy. (CHINA FUND INC)

Kweichow Moutai Group: Over the past year, multiple measures were taken to attract more than 400 master's and doctoral talents to settle in Moutai.

According to Kweichow Moutai, over the past year, Kweichow Moutai Group has been guided by the Global Strategy of "Strengthening Enterprises with Talent," driven by institutional and mechanism reforms, and has comprehensively built a full chain mechanism for attracting, nurturing, retaining, and utilizing talents. The construction of the talent team has reached a new level. "We build a nest to attract phoenixes and gather talented individuals, striving to create a growth ladder covering five major job categories and 30 sequences, taking multiple measures to attract over 400 master's and doctoral talents to settle in Moutai. We are committed to improving talent housing, children's Education, Medical, and other service guarantees, creating a vibrant talent ecosystem where ‘nearby talents gather and businesses thrive,’" said Kweichow Moutai Group.

The South Korean Minister of Trade: At the request of the United States, South Korea and the U.S. will hold trade negotiations this week.

"Tariff refugees" seek out Chinese e-commerce, disrupting Trump's calculations with "the invisible hand of the market."

Recently, Trump's "throwaway" tariff policy has not only triggered severe turbulence in the Global market but has also raised concerns among American businesses and consumers. Some shrewd Americans have discovered that purchasing Commodities through Chinese cross-border e-commerce platforms results in a final price that is far lower than the retail price in the USA, even when considering shipping and tariffs—this explains the recent surge in downloads of Chinese cross-border e-commerce platforms. These American consumers turning to Chinese e-commerce have been jokingly referred to as "tariff refugees." The emergence of American "tariff refugees" reflects the long-term, highly interdependent nature of economic and trade relations between China and the USA. Even though the USA has frequently instigated trade frictions with China since 2018, prior to the initiation of this round of tariff wars, the USA was not only China's largest destination for goods exports and the second largest source of imports, but China was also the USA's third largest export destination and the second largest source of imports. In 2024, American exports to China and imports from China are expected to account for 7.0% and 13.8% of the USA's total exports and imports, respectively. Additionally, the USA is also the largest source of the trade deficit in China's service sector. The economic and trade exchanges between the two countries benefit each other in roughly a balanced manner. (China Youth Daily)

Chinese e-commerce dominates the top three of the USA App Store shopping list.

On April 20, reporters from the Securities Times learned that as of now, the top three of the USA App Store e-commerce application download rankings are all occupied by Chinese e-commerce, with Alibaba's applications occupying two positions. Specifically, Dhgate ranks first, Taobao has been ranking second for several consecutive days, and Alibaba International has risen to third place in the App Store shopping list. In addition, Alibaba International also ranks in the top ten of the App download charts in over 120 countries globally.

The U.S. side publicly released a photo of Japan's Minister of Economic Revitalization, Akizawa, wearing a MAGA hat.

Putin announces a temporary ceasefire, "the United Nations is aware."

According to reports from TASS and other Russian media on the 19th, regarding the announcement by Russia of a temporary ceasefire by the Russian military during Easter, the spokesperson for the UN Secretary-General, Dujarric, stated in a statement that the UN is "aware" of this and calls for a lasting ceasefire in Ukraine. TASS reported that Dujarric mentioned in the statement, "We are aware of Russia's announcement of a temporary ceasefire during Easter." The report further states that he also said, "We consistently call for a lasting ceasefire in Ukraine," and reiterated support for meaningful efforts towards achieving a just, lasting, and comprehensive peace, which should be in accordance with the UN Charter, international law, and relevant UN resolutions, fully taking into account the sovereignty, independence, and territorial integrity of the parties involved. (Global Network)

Capital One has been approved to acquire Discover Financial Services and may become the largest credit card company in the USA.

The Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency announced on Friday that Capital One has been approved to acquire Discover Financial Services and merge with it. This all-stock deal was first announced more than a year ago, and once completed, will give Capital One a significant advantage in competition with credit card issuing banks such as JPMorgan, Bank of America, and Citigroup, as these banks do not handle trade operations themselves.

Chen Yan, the person in charge of Tencent's Hongyuan, expressed a desire for the next generation not to consume the garbage produced by large models.

Chen Yan, the product head of Tencent's Hongyuan large model, emphasized at the Business Mulan Annual Conference the importance of data quality in developing large models. "Data is really something that those working on large models have to think about every day, whether it is deeper vertical data or general data. We sincerely hope to have compliant and high-quality data," she explained, adding, "That's how large models work; if you feed garbage, it will spit out garbage, and we also don't want the next generation to be fed the garbage that large models produce." "Therefore, we need to discern what constitutes good (data) and what does not," she stressed, hoping that businesses and the government can work together to build a good public database. (Insightful)

South Korean media: During flight training, a fighter jet lost gun pods and fuel tanks, and the South Korean air force apologized.

According to the Korean news agency, regarding an incident on the night of the 18th where a South Korean fighter jet lost gun pods and fuel tanks during flight training, the South Korean air force expressed apologies to the public on the 19th for any concerns caused. The agency reported that the South Korean air force stated that two gun pods and two fuel tanks unexpectedly fell from the fighter jet during flight training on the night of the 18th. At the time of the incident, the fighter jet was flying over the Pyeongchang area of South Korea, and no reports of casualties or damage to civilian property have been received so far. The report mentioned that the South Korean air force began searching the potential drop zones with a helicopter and about 270 soldiers from 6 AM on the 19th, and they have found the two fallen gun pods. The cause of this incident is under investigation. The report added that the South Korean air force also apologized for causing concern to the public regarding this matter. (Global Network)

Zelensky: The proposal for Ukraine to extend the ceasefire for 30 days is still valid.

ShanDong has established the first provincial enterprise annuity alliance in the country.

Recently, the ShanDong Enterprise Annuity Development Alliance (hereinafter referred to as the "Alliance") was established in JiNan, making it the first provincial enterprise annuity alliance in the country. It is reported that the first batch of members of the Alliance mainly consists of 11 enterprise annuity trustee institutions operating in ShanDong, including China Life Insurance Retirement Insurance Co., Ltd., Taiping Retirement Insurance Co., Ltd., Ping An Retirement Insurance Co., Ltd., Industrial And Commercial Bank Of China, Taikang Retirement Insurance Co., Ltd., China People's Retirement Insurance Co., Ltd., Agricultural Bank Of China, Jianxin Pension Management Co., Ltd., Bank Of China, Changjiang Retirement Insurance Co., Ltd. and CM BANK. Additionally, other enterprise annuity fund management institutions that meet the provisions of the Alliance's charter can join in batches in the future. (Shandong Daily)

Zelensky: Russia must comply with the ceasefire conditions.

Zelensky: Russia conducted artillery and Drone attacks in Kursk.

Why does the DeepSeek team ignore immense wealth?

During the Spring Festival, DeepSeek triggered a global craze, with downloads skyrocketing, and it surpassed 0.1 billion users in just 7 days. Huang Mingming, founding partner of Ming Shi Venture Capital, stated at the business Mulan annual meeting that the excellence of the DeepSeek team lies in not stopping to invest in advertising. He pointed out that in a field where technology is still rapidly iterating, stopping to spend money on advertising and acquiring users is actually ineffective. "After the Spring Festival, we had discussions with all the top model companies in China, and a consensus was reached that -- a general does not chase small rabbits while on the road," he said, everyone should strive to climb to a higher peak of human civilization. (Rui Jian)

Zelensky: Russian troops carried out 59 shelling incidents and 5 assaults.

Sealand has given the initial rating of buy to Yiwu Huading Nylon Co., Ltd.

The oil transport aircraft made its debut in the China-Egypt joint air force training.

On the morning of the 19th local time, the China-Egypt "Civilizational Eagle-2025" air force joint training welcomed its first day of training at a certain base of the Egyptian air force, with China sending fighter jets, early warning aircraft, refueling aircraft, and helicopters to participate. To ensure the efficient delivery of participating equipment and personnel, China adopted a mixed grouping model of "air transfer + Air Transportation," completing the arrival of all personnel and equipment on the 15th after traveling nearly 6,000 kilometers through multiple countries. This joint exercise is the first organized training between the military forces of China and Egypt. (CCTV Military)

Why does Brazil insist on importing Russian diesel despite the USA's threats of sanctions?

Faced with the USA's recent threats of secondary sanctions against Russian oil, Brazil, the largest economy in Latin America which just joined OPEC+, remains committed to importing diesel from Russia. In 2024, the country's imports of Russian diesel are expected to exceed 7 million tons, setting a historical record. This year, the market anticipates Brazil will continue to import large amounts of Russian diesel. Local analysts told the reporter that this decision is based on Brazil's practical considerations regarding national Energy security and economic interests, and it highlights its pragmatic stance in the Russia-Ukraine conflict. Analysts point out that while Trump has issued threats of secondary sanctions against Russian oil, the Brazilian government must confront this reality and prepare accordingly, neither taking sides nor blindly following the wave of sanctions, in order to safeguard national interests. (CCTV News)

Apple responds to the difference between iPhone Battery health at 80 and 100.

On April 20, the topic #What is the difference between iPhone battery health 80 and 100# sparked heated discussions. In response, Apple staff stated: a 100 battery capacity represents the state of a new battery; an 80 can be understood as a full charge, but in actuality, the stored charge is 80% of the original. Apple staff indicated that generally, when the battery is below 80%, it starts to degrade, leading to reduced endurance and increased charging cycles, and they would recommend replacing the battery.

Japan has ruled out the possibility of using US bonds as a bargaining chip.

Japanese Prime Minister Shigeru Ishiba stated on Sunday that Japan will emphasize "fairness" in any discussions with the USA concerning Exchange Rates. Some analysts suggest that Japan could leverage its holdings of over 1 trillion USD in US Treasury bonds as trade leverage, but Katsunobu Kato ruled out using it as a bargaining chip this month. When asked if Japan would mention its holdings of US Treasury bonds in negotiations, Ishiba stated: "This is based on mutual trust, Global economic stability, and the stability of both economies."

The second hearing of Yoon Suk-yeol's suspected instigation of a coup case will be held on the 21st, with media allowed to take photos.

On the 20th, the Korean Central News Agency reported that the criminal collegial bench of the Seoul Central District Court in South Korea will hold the second hearing of former President Yoon Suk-yeol's suspected instigation of a coup case at 10 a.m. local time on the 21st (9 a.m. Beijing time). It is reported that Yoon Suk-yeol is expected to travel to the court by security vehicle from his private residence, just as he did during the first hearing on the 14th. Additionally, since the media has been allowed to film in court, the scene of Yoon Suk-yeol attending the criminal hearing may be exposed for the first time. The first hearing was previously held at the Seoul Central District Court on the 14th, where Yoon Suk-yeol appeared and denied all charges brought by the prosecution. (CCTV News)

Soochow: Under the background of the 'national team' entering the market, broad-based Indexes are strongly attracting funds, and blue-chip weighted stocks may be the direction with the least trading resistance in the market.

Soochow published a Research Report stating that with the 'national team' entering the market, traditional broad-based ETF funds are forming important increments. From the structural performance of the market, both the stabilizing funds and active funds in this round have shown liquidity premium. Looking ahead, in the short term under the complex situation of intertwining uncertainties in internal and external environments, investors may further seek stability. The external disturbances are mainly concentrated on the unpredictability of Trump’s policies, while the internal uncertainties stem from the pressure of performance fulfillment. In this context, medium to long-term funds represented by Central Huijin are increasing their shareholdings against the trend, releasing a clear signal for policy stabilization, forming a stable anchor for market expectations. The blue-chip weighted stocks benefiting from a significant Inflow of ETFs may be the direction with the least trading resistance in the market. It is recommended to focus on quality blue-chip symbols that have high visibility in profits, abundant cash flow, and hold a leading position in their Industry.

Announcement: The State Council Information Office will hold a press conference for Chinese and foreign journalists on "Practicing the Physician's Benevolence to Protect People's Health."

The State Council Information Office will hold a press conference for Chinese and foreign journalists on "Strivers on a New Journey" on April 22, 2025 (Tuesday) at 3 PM. Representatives from the health and wellness system are invited to meet and communicate with Chinese and foreign journalists around the theme of "Practicing the Physician's Benevolence to Protect People's Health." (China News Network)

Nobel Prize winners and dozens of other economists issued a declaration opposing the USA's tariff policy.

According to the USA Business Insider site, on the 19th local time, dozens of economists, including two Nobel laureates, signed an "Anti-Tariff Declaration" criticizing President Trump's tariff policy, stating that it is "off track" and warning that it could lead to a "self-inflicted recession." In this "Anti-Tariff Declaration," the authors warn that the cancellation of the Trump administration's "incoherent and destructive policies" in trade is imminent. The declaration states: "The current government's motivation for imposing tariffs is a misunderstanding of the economic situation faced by ordinary Americans," and "we expect that American workers will be the first to be affected by these misguided policies, manifested in rising prices and the risk of economic recession." The declaration also criticizes: "The 'reciprocal' tariffs threatened and imposed on other countries by the USA are calculated using erroneous and improvised formulas, lacking economic reality." (CCTV News)

More than five hundred captured personnel have been exchanged between Russia and Ukraine.

On the local time of the 19th, Russia and Ukraine exchanged captured personnel under the mediation of the United Arab Emirates, each releasing 246 individuals, with an additional 31 wounded Ukrainians being transferred in exchange for 15 injured Russian soldiers, totaling 538 exchanged individuals between both sides. (Global Times)

Japanese Prime Minister Shigeru Ishiba: Japan will emphasize "fairness" in any discussions with the USA regarding exchange rates.

Japan is considering automotive safety regulations to reach an agreement with Trump.

According to reports, Japan is considering reevaluating its automotive safety standards to promote a trade agreement with the USA. Japanese Prime Minister Shigeru Ishiba acknowledged that there is room to relax certain safety standards. As part of the negotiation strategy, Japan is also considering increasing rice imports and trying to reduce tariffs on American export products. Negotiations between Japan and the USA are still ongoing, with discussions continuing this week, including a meeting between Japanese Finance Minister Katsunobu Kato and U.S. Treasury Secretary Scott Pruitt scheduled for April 24.