[Yunnan Pingbian pumed storage Power Station project was signed] On November 30, the People's Government of Pingbian County of Yunnan Province signed an investment and development agreement with PowerChina Kunming Survey, Design and Research Institute Co., LTD., for the Pingbian pumped storage power station project in Yunnan Province. The project is initially located near Dappingzi Natural Village, Meibunlong Village Committee, Heping Town, Pingbian County. The initial proposed installed capacity is 2.4 million kW, the static investment of the project is about 12.5 billion yuan, and the total construction period is about 72 months. Editor/Xu Shengpeng

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• 2026.02.28 17:21
• [The situation in the Middle East is rapidly escalating]
• On February 28, 2026, the security risks in the Middle East continued to rise, with the United States, the United Kingdom, France, and others withdrawing non essential personnel from Iran and Israel, and multiple countries issuing travel bans. The Chinese Ministry of Foreign Affairs reminds citizens not to travel to Iran temporarily and to evacuate personnel in Iran as soon as possible. Regional tensions have pushed up international energy prices, and global market risk aversion has intensified.Editor/Bian Wenjun

• 2026.02.28 17:19
• [Risk preparation for forward foreign exchange sales starting from March 2nd]
• The People's Bank of China announced that from March 2, 2026, the foreign exchange risk reserve ratio for forward foreign exchange sales business will be reduced from 20% to 0. This move will significantly reduce the cost of currency hedging for foreign trade enterprises, support the stable development of the real economy, promote the smooth operation of the foreign exchange market, and release the policy intention of stabilizing foreign trade and expectations.Editor/Bian Wenjun