Summary of the front-page headlines of the four major securities newspapers_April 7, 2026_Financial News

Topic: Highlights from Four Major Securities News Publications

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China Securities Journal

Must-read after the holiday! 8 institutions weigh in on A-share market trends—these sectors are seen as promising

On the 7th, A-shares will see their first trading day after the Qingming holiday. Looking ahead to market performance, institutions believe that with the release of March economic data approaching and the start of the earnings season, April’s market focus will gradually shift toward substantive verification of the strength of economic recovery and improvements in corporate earnings. High-position sectors lacking earnings support may face valuation pullbacks, while high-quality stocks are more likely to deliver excess returns.

Exclusive! Foxconn is trial-producing Apple’s foldable-screen iPhone—roundup of concept stocks

On April 6, a reporter from China Securities Journal exclusively learned from people in the industrial chain that Foxconn has started trial production of Apple’s foldable-screen iPhone. The reporter previously learned from supply-chain companies that Apple’s shipment target guidance to suppliers is that the first foldable-screen phone will be introduced in the second half of 2026—a “large-fold” foldable-screen iPhone.

Ge Weidong’s latest holdings revealed—shareholdings by related parties and related institutions also come to light

As A-share listed companies enter a dense period of disclosure of their 2025 annual reports, many well-known investors’ holding maps are becoming gradually clearer. Data show that as of April 6, well-known investor Ge Weidong and his related parties and related institutions appeared on the shareholder lists of multiple A-share listed companies. Among them, Ge Weidong directly holds four stocks with heavy positions, and the number of shares he held at the end of 2025 remains unchanged compared with the end of the third quarter of 2025.

Taking on the Strait of Hormuz! This “battlefield analyst” first-line field research report has gone viral

There are battlefield reporters in the news industry, and in the investment world there are “battlefield analysts.” On April 6, an independent thematic investment research institution based in New York, Citrini Research, released a research report—“Citrini Expedition Team No. 3 Analyst’s Field Research Report on the Strait of Hormuz”—which quickly spread throughout the financial circle. The reason is that when international oil prices and global stock markets were thrown into sharp swings due to the Strait of Hormuz crisis triggered by conflicts in the Middle East, Citrini’s “Analyst No. 3” went directly to the Strait of Hormuz for a grassroots investigation.

Shanghai Securities News

A key turning point may come in late April—markets further focus on performance certainty

Before the Qingming holiday, the A-share market showed a volatile and differentiated trend under the interplay of pre-holiday risk aversion sentiment and disturbances from geopolitical conflicts in the Middle East. In the face of frequent and recurring Middle East geopolitical conflicts, this week’s institutional strategy outlook report judges that late April could become a key time window for marginal improvements in conditions both at home and abroad. At the same time, as market sensitivity to marginal changes in Middle East geopolitical conflicts gradually weakens, the bottom of the A-share market has most likely already been tested in the short term. Going forward, with the dense disclosure of listed companies’ annual reports and first-quarter reports, active funds are expected to gradually shift toward pricing based on fundamentals, extracting opportunities for prosperity and performance certainty amid external uncertainties.

Suspends trading on Tuesday! Haitai Ke plans to acquire a New Third Board company

Haitai Ke (301022) announced on April 6 that the company plans to purchase control of Xuyu Shares, a company listed on the New Third Board, by issuing shares and paying cash, while simultaneously raising supporting funds. The company’s stock will suspend trading starting April 7, 2026, with the estimated suspension period not exceeding 10 trading days. Currently, this transaction is still in the planning stage. Haitai Ke has already signed a “Memorandum of Equity Cooperation” with Yang Bao and and other major counterparties, the actual controller of Xuyu Shares, but it has not yet signed a formal transaction agreement. The scope of the final counterparties, the transaction consideration, and specific方案 await further clarification in the restructuring plan announcement or the restructuring report to be disclosed later.

Inflated revenue by RMB 182 million—Founder Oriental (Rights protection) “puts on a cap” from April 8

On the evening of April 3, Founder Oriental announced that it received an “Administrative Penalty Pre-Notice” issued by the Beijing Securities Regulatory Bureau. The company’s 2022 annual report inflated revenue by RMB 182 million, accounting for 37.12% of the revenue disclosed for the period. The company’s stock trading will be subject to other risk warnings, but it will not involve any situation of compulsory delisting for major illegalities. The company’s stock suspended trading on April 7 and resumed trading at the start of trading on April 8; the stock abbreviation was changed from “Founder Oriental” to “ST Founder Oriental.”

Two A-share companies disclose changes in control: Yilida and Zhuhai Zhongfu will change hands

On the evening of April 3, two A-share companies disclosed changes in control. Yilida (002686) announced that its controlling shareholder Zhejiang Shang Assets signed a “Share Transfer Agreement” with Run Tong Holding and Jiaxing Guotou, respectively.

Securities Times

6 departments issue “16 measures” to promote high-quality development of e-commerce—better serving the real economy

On April 6, six departments including the Ministry of Commerce issued the “Guiding Opinions on Better Serving the Real Economy and Promoting the High-Quality Development of E-Commerce,” proposing 16 measures in areas including consolidating and expanding the foundation of the real economy, supporting the achievement of a higher level of dynamic balance between supply and demand, and jointly building and sharing China’s large e-commerce market, to drive the construction of a framework system for high-quality e-commerce development.

Times Observation | “Trying and error” in commercial space is indispensable—growth potential is worth protecting

Recently, after Tianbing Technology’s Tianlong-3 Yiming private commercial launch vehicle successfully ignited and took off, an abnormality occurred; the flight test failed to fully achieve the planned mission objectives. This failure puts the public in front of the reality of commercial space being high risk and high difficulty. In today’s industry where many are entering a concentrated phase of technical breakthroughs, on the one hand, timely lessons learned and reflection are indispensable; on the other hand, the public should also have greater tolerance for the necessary “trying and error,” leaving more room for growth for high-quality development of China’s commercial space industry.

Personal income tax reform moves toward a “comprehensive and balanced” approach—balancing tax burden differences among different items

Personal income tax (referred to as “individual income tax” or “IIT”) is the tax type most closely related to ordinary people. Optimizing its system concerns not only increasing the proportion of direct tax, but also serves as an important lever for adjusting the pattern of income distribution. The “14th Five-Year Plan and the 15th Five-Year Plan Outline” clearly sets out as directions for IIT reform: “expanding the scope of comprehensive collection” and “improving the tax policies for income from operating activities, income from capital, and income from property.”

“Overall conditions are better than last year”—demand in Shenzhen’s real estate market during the Qingming holiday continues to be released

As the “silver April” traditionally regarded as a peak sales season for the property market, the industry has long viewed it as a “key period” for observing market direction. Especially just after March, when the property markets in first-tier cities produced solid “report cards.” The market performance during the Qingming mini-holiday has drawn particular attention. During the Qingming holiday, when reporters conducted on-site research in the Shenzhen market, multiple sales managers for new homes and multiple managers for second-hand home agencies all said that this year’s real estate market conditions during the Qingming holiday are slightly better than last year, and accumulated demand continues to be released. At the same time, second-hand home communities near the ports have become the focus of Hong Kong buyers’ property search.

Securities Daily

Listed companies ramp up to develop the surgical robot track

Recently, the first domestically developed robot for cardiac electrophysiology interventional surgery completed the first such robot-assisted persistent atrial fibrillation catheter ablation surgery in Chongqing at People’s Hospital of Liangjiang New Area, Chongqing (the Liangjiang Hospital affiliated with Chongqing Medical University). Guo Tao, Deputy Director of the China E-commerce Expert Service Center, said in an interview with reporters from Securities Daily that robots developed independently in China can perform such procedures, marking that China’s cardiac electrophysiology interventional field is moving toward a more precise and intelligent era, which will help enhance China’s competitiveness in global medical technology.

Why are A-share tech sectors even more favored?

From the macro level of resilience in domestic demand, to the industry-level high-level optimism in AI computing power and power equipment, and to the marginal changes as global capital re-examines the value of allocating to Chinese assets—China’s technology assets are becoming a unique landscape. Recently, multiple investment institutions have said that the main contradiction in market pricing is shifting from “valuation expansion” to “earnings-driven, certainty-driven.” With solid fundamentals as support, A-share tech sectors may receive even more attention during the earnings season. For example, in its April outlook, Swiss Partners Asset Management mentioned: “Chinese stocks are an exception. With strong reserves of bulk commodities, abundant alternative energy supply, and policy support, we still maintain a positive stance.”

Multiple angles to drive “one-person companies” from going with the trend to taking root and growing

At present, “one-person companies” (OPC)—with “solo decision-making + AI full-stack enablement + lightweight operations”—are rapidly becoming the focus of China’s domestic entrepreneurship market. Compared with traditional small and micro enterprises, OPCs have several distinct features: first, they break the rigid requirements of traditional entrepreneurship for a team, fixed premises, and scaled start-up capital; second, AI tools can replace repetitive labor across the entire process; third, market responsiveness is high.

6 departments including the Ministry of Commerce: Support e-commerce companies that meet the requirements to raise funds through listings both domestically and overseas

On April 6, six departments including the Ministry of Commerce issued the “Guiding Opinions on Better Serving the Real Economy and Promoting the High-Quality Development of E-Commerce” (hereinafter referred to as the “Opinions”). The “Opinions” overall coordinates promotion and regulation, efficiency and fairness, vitality and order. It proposes 16 measures across 5 areas, building a framework system for high-quality development of e-commerce.

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责任编辑：郭栩彤