Financial

Seeing Block cut its workforce by 4,000 people out of a group of over 10,000 at the end of February 2026 really shook me. I’ve always worked in financial IT—things like trading pipelines, Hong Kong/US stocks, and system fundamentals. Usually, I’m accustomed to buzzwords like “efficiency improvement,” “automation,” and “cost reduction while increasing efficiency.” But when a fintech company, one so close to money, compliance, and risk control, publicly cites AI as the reason for layoffs, it still hits you hard emotionally.

My current assessment is very direct: the scariest part of AI layoffs isn’t a layoff list in the news one day, but when companies start assuming that “smaller teams can do more work.” This means no backfilling for departures, fewer entry-level positions, and much tighter headcount management. From April 2025 to April 2026, this wind is still blowing in the US; while China hasn’t seen a high-profile, public wave of mass layoffs yet, the quiet squeeze has already begun.

Personal Note: Layered investment products, underlying assets that ordinary investors can’t understand; those behind it know they won’t cheat the poor, but will relentlessly exploit the poor, and are likely to accept cheating the middle class.

It’s December 2025, and a large number of investors in Zhejiang Province are still blocking doors to seek redress due to investment losses – this event has been particularly hot in the financial investment field, and we can find several keywords: state-owned background, low yields, civil servant/teacher as investment subjects (minimum purchase of 200,000 RMB, KYC of 400,000 RMB), etc. This proves that no matter how sophisticated a financial tool is or how strong its backing, which groups are buying it has evolved into an “othering” risk. If you only see these keywords, it means your understanding of the full picture is still too shallow. There’s a lot to dig into regarding this actual loss – it’s worth investigating deeply.

[The company recently raised capital in the Hong Kong market](Nine Fang Zhi Tu.pdf), this fundraising is similar to Xiaomi’s operation, and this article breaks down the details. –>

Nine Fang Intelligent Investment and Sales Interpretation

What are the fees associated with participating in the offering; when can these stocks be sold, what other important information is contained in this document?

✅ Fees Associated with Placement

This placement activity is a pre-existing shareholder first, then new placement method, targeting new investors (placements), does not involve retail investor subscriptions, therefore:

• I saw a report on Douyin about an anti-corruption investigation in the Zhejiang financial sector. I had written about the prelude to financial corruption once before, but didn’t follow up on related reports afterward.
• I still check financial news every day, and previously I rarely saw any reports about financial corruption. However, there have been increasing reports of financial corruption over the past two years, with more and more senior executives from banks, securities firms, and other financial institutions being investigated. Financial Anti-Corruption Curtain Rise

The Central Committee of the Communist Party of China: will intensify anti-corruption efforts in state-owned enterprises and the financial sector, and thoroughly rectify “the four prevailing tendencies.”

Communist Party of China Central Politburo

The Political Bureau of the Central Committee of the Communist Party of China held a meeting on September 27, reviewing the Comprehensive Report on the First Round Supervision of the First Session of the Twentieth Party Congress. Xi Jinping, General Secretary of the Communist Party of China, chaired the meeting. The meeting emphasized that the supervision and oversight work should be used as an opportunity to further strengthen the leadership of the Communist Party in all aspects, urging supervised party organizations to raise their political stance, conscientiously fulfill the responsibilities and missions assigned by the Central Committee, continuously enhance the core functions and competitiveness of state-owned enterprises, consolidate the important material and political foundations of socialism with Chinese characteristics, intensify financial institutions’ service to the real economy and national strategies, and promote high-quality development. It was stressed to coordinate development and security, firmly establish bottom-line and limit thinking, adopt effective measures to prevent and mitigate major risks, and safeguard the safety line. It was also necessary to advance comprehensive Party self-discipline to greater depths, consolidate the responsibility of the secretary of the党委 (party committee) as the first person, strengthen the responsibilities of leadership committees members “dual duties in one position,” and enhance the supervision responsibilities of disciplinary and supervisory organizations, highlight strengthening supervision of all levels’ “one leader”, intensify anti-corruption efforts in state-owned enterprises and financial sectors, deeply rectify “four prevailing styles,” deepen reform, improve systems, promote source governance, and facilitate treatment of problems comprehensively. (Xinhua)