# Four Major Securities Newspapers Front Page Headlines Summary_March 18, 2026_Financial News

Special Topic: Highlights from the Four Major Securities Newspapers

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On Wednesday, March 18, the main headlines and highlights are as follows:

China Securities Journal

Focusing on Core Technology and Strategic Emerging Industries: A New Batch of 15 Hard Technology Theme Funds Approved

According to the CSRC on March 17, a new batch of 15 hard technology theme funds has been approved. These include passive funds tracking the Innovation and Entrepreneurship AI Index and active funds based on the China Strategic Emerging Industries Index, focusing on growth in core technology and strategic emerging industries.

Public Fund Managers Compete for AI Favorability; Industry Warns Against Information Pollution

As AI tools become more widespread, “being seen by AI” and “being recommended by AI” have become common marketing goals. A new marketing model is emerging, with SEO (Search Engine Optimization) declining in influence and GEO (Generative Engine Optimization) gaining importance. The public fund industry is no exception. With the rise of AI-driven fund selection, GEO services tailored to marketing needs are being promoted. Service providers feed data to AI, helping fund companies optimize promotional content and improve brand visibility in AI large models. Some top fund companies are already testing this, with ETF products being a key focus area for AI marketing.

13 Biotech Companies Mass Approved; Biopharmaceuticals Repositioned as a New Pillar Industry

Recently, with the first batch of Stock Connect targets for the year adjusted, 42 Hong Kong stocks attracted southbound capital, with 13 in the biopharmaceutical sector, accounting for over 30%. This expansion is seen as both an optimization of the connectivity mechanism and a direct response to the government’s designation of biopharmaceuticals as a new pillar industry. Under the continued inflow of southbound funds, this move provides liquidity to unprofitable biotech firms still in R&D, marking a new stage of integration between mainland and Hong Kong biotech capital markets focused on value discovery and industry empowerment.

Feynman Architecture Launches the Era of Optical Chip Interconnection; CPO Industry Reassessed

Inter-chip connectivity, a core infrastructure for global AI computing power, is transitioning from electrical to optical links. On March 16, NVIDIA announced the Feynman chip, introducing optical communication for inter-chip connections, which can reduce data center communication energy consumption by over 70%. Analysts believe that with established overseas technology paths and strengthened domestic policies, leading optical module manufacturers with CPO technology in A-shares are poised to benefit from the new infrastructure wave of “compute-electric synergy,” entering performance realization phases early.

Shanghai Securities News

“Lobster” Goes Viral; Brokers Develop AI Agents Independently

Recently, the AI agent OpenClaw sparked a nationwide craze for “lobster farming.” Guoyuan Securities has launched its first in-house AI agent. According to Shanghai Securities News, several brokerages are developing advanced AI agents for internal use. Unlike general AI agents, these brokerage-developed AI agents focus on industry regulation and deep integration with their own business operations, emphasizing “security embedded in architecture” to protect client assets, company operations, and financial data, ensuring compliance and stability.

Effective Computing Power Is True National Strength

Through interviews, both companies and researchers agree: computing power equals national strength. Every link in the computing industry chain impacts a country’s power. Chips are the heart, optical interconnects are the blood vessels, power supply and liquid cooling are vital functions. Together, they form the true “muscle” and “driving force” of the digital age. Only nations with computing power advantages can incubate disruptive technologies, shape future industries, and hold influence in global digital governance.

New Funds Rapidly Filed; Increased Investment in Tech Sector

Funding continues to pour into the tech sector. New tech-related funds are being rapidly launched, and related ETFs are seeing net capital inflows. AI remains a core focus for public fund research. On March 17, several fund companies, including Xingyin Fund and Invesco Great Wall Fund, received approval for their first off-market funds based on the CSI Science and Innovation AI Index. “High-quality AI industry chain companies listed on the STAR Market and ChiNext are concentrated in the tech innovation and startup boards. The CSI Science and Innovation AI Index covers core AI assets in these sectors. As reforms deepen, the tech innovation attribute of these markets becomes more prominent, accelerating the aggregation of quality AI companies and enhancing the index’s strategic value,” said a representative from Xingyin Fund.

New Energy Vehicle Insurance Challenges: “Car-Electric Separation” Offers a New Path

Currently, EV insurance faces the dilemma of “owners complain about high costs, insurers claim losses”—high component costs, especially for batteries, drive up insurance premiums; insurers struggle with high claim rates, difficulty in damage assessment, and immature risk models.

Securities Times

NVIDIA Enters “Shrimp Farming,” Fully Betting on the Trillion-Dollar AI Inference Era

Global computing giant NVIDIA is transforming from a chipmaker into an AI factory, betting on the AI inference market. At the March 17 GTC (GPU Technology Conference), CEO Jensen Huang significantly raised revenue expectations for the next-generation AI chips, targeting a trillion-dollar market, and launched new hardware platforms along with software stacks supporting “shrimp farming” (a metaphor for AI model training).

Uncovering the Gray GEO Industry Chain: 9.9 Yuan to “Poison” AI Large Models—How Fake Ads Become “Standard Answers”

During the March 15 Consumer Rights Day, the chaos of “model poisoning” in AI large models was spotlighted. A software tool called Generative Engine Optimization (GEO) emerged—service providers claim that paying a fee can make their clients’ products rank highly in mainstream AI model responses, even turning false advertising into “standard answers.”

State-owned Assets Supervision and Administration Commission: Proactively Plan and Implement Major Projects and Landmark Engineering

On March 16, the State-owned Assets Supervision and Administration Commission held an expanded meeting emphasizing guiding central enterprises to serve as stabilizers and ballast for the economy, keenly grasping changing circumstances, setting rational business goals, expanding development space, improving operational quality, focusing on “two重” and “two新” (likely referring to key strategic focuses), proactively planning major projects and landmark engineering, expanding effective investment, and ensuring risk control to prevent systemic risks.

Two Departments Jointly Issue Opinions to Promote Child-Friendly Development

On March 17, the National Development and Reform Commission announced that, to implement the children’s priority principle, safeguard minors’ rights, and promote healthy and comprehensive growth, the State Council approved the joint issuance of the “Opinions on Promoting Child-Friendly Development in Society,” providing systematic deployment for this initiative.