April 29 Financial News Highlights: Key Developments in China and Global Markets

April 29, 2025 – The following are key updates from the financial sector:

1. Xinhua News Agency: On April 29, the Ministry of Foreign Affairs released a significant video titled “Do Not Bow!”, which addresses U.S. tariff aggression and reaffirms China’s stance. The video asserts that yielding to hegemony is akin to drinking poison to quench thirst, leading to deeper crises. It emphasizes that China will not bow down, recognizing that cooperation is achieved through struggle, not through compromise.
2. Xinhua News Agency: During a visit to Shanghai on April 29, General Secretary of the Communist Party and President Xi Jinping highlighted Shanghai’s historic mission to build an international technology innovation center. He urged seizing opportunities to enhance China’s technological innovation capabilities and to accelerate the establishment of a globally influential technological highland.
3. Xinhua News Agency: A meeting was held on April 29 in Shanghai to support the city’s development as an international financial center. He Lifeng, a member of the Political Bureau of the Communist Party, attended and emphasized the need for a calm analysis of external changes while continuing to strengthen Shanghai’s role as a financial hub and enhancing the global positioning of RMB assets.
4. China National Radio Finance: The People’s Bank of China recently convened a meeting to implement the financial “Five Major Articles,” emphasizing the importance of statistical work related to these articles and coordinating resources within financial institutions to ensure data quality.
5. China News Network: The National Development and Reform Commission announced that it has issued a notice for the timely allocation of an additional 81 billion yuan in special long-term government bond funds to support the trade-in of consumer goods. The Commission plans to enhance coordination and track the progress of fund disbursement to alleviate financial pressures on businesses.
6. Securities Times: Manufacturers in Jiangsu and Zhejiang provinces have reportedly received notices from major U.S. retailers, including Walmart, to resume shipments. A large stationery exporter from Ningbo stated that the new import tariffs will be absorbed by U.S. clients.
7. Securities Times: Washington officials announced that the Trump administration plans to take action on Tuesday to reduce some tariffs on foreign auto parts and prevent overlap of tariffs on imported vehicles, aiming to mitigate the impact of automobile tariffs.
8. Ministry of Agriculture and Rural Affairs: A notice was released regarding the implementation of a plan to reduce feed consumption in livestock farming, with a target to decrease the average feed consumption per kilogram of animal product by more than 0.2 kg by 2030.
9. Xinhua News Agency: The Ministry of Industry and Information Technology has published key points for automotive standardization work for 2025, including the approval and implementation of standards for autonomous driving and safety requirements.
10. First Financial: The Chinese Academy of Social Sciences has released a report suggesting that in the face of turbulence, it is crucial to maintain composure while thoroughly analyzing the situation. Recommendations include the issuance of an additional 2 to 3 trillion yuan in special government bonds and establishing a 2 trillion yuan stock market stabilization fund.
11. Finance Association: In March, the United States’ goods trade deficit widened to a record $162 billion, exceeding expectations. Imports rose 5% due to consumer goods, while exports grew by 1.2%.
12. People’s Finance: In response to global changes, the Hong Kong Stock Exchange and the Securities and Futures Commission are preparing to assist Chinese companies wishing to return to the Hong Kong market.
13. 21st Century Economic Report: Alibaba has open-sourced its new Qwen3 model, which boasts a parameter count only one-third that of the DeepSeek-R1, significantly reducing costs while surpassing top global models in performance.
14. Securities Times: A research team from the Institute of Automation at the Chinese Academy of Sciences has developed a robot capable of precisely implanting flexible microelectrodes into animal brains, enhancing brain-machine interface research. The global brain-machine interface market is projected to grow from approximately $2.35 billion in 2023 to $10.89 billion by 2033, with a compound annual growth rate of 17%.
15. Securities Times: The National Energy Administration announced that they are formulating policies to encourage the construction of high-power charging facilities to address travel issues during holidays.
16. Securities Times: The market for charging facilities includes 47 stocks, with 16 seeing an increase on April 28. Notable performers include Sungrow Power, Riqida, and Xingyun Co. Despite an average decline of 8.15% in the charging facility stocks this month, some stocks have reached relatively low valuations.
17. Xinhua Insurance: The company plans to invest in a private equity fund with a total scale of 20 billion yuan, aiming for stable dividend returns through low-frequency trading.
18. Guotai Junan: In Q1 2025, the company reported a 47.48% increase in revenue year-on-year, with net profit rising by 391.78%.
19. Kweichow Moutai: In Q1 2025, the company reported revenue of 50.6 billion yuan, up 10.54%, and a net profit of 26.8 billion yuan, reflecting an 11.56% increase.
20. SAIC Motor: In Q1 2025, the company reported a 51.23% increase in revenue to 48.67 billion yuan, with net profit growing by 202.79%.
21. China Railway: The company plans to repurchase shares worth 800 million to 1.6 billion yuan for capital reduction.
22. 兆易创新: Demand for niche DRAM products has begun to recover, with prices rising amid reduced supply from leading manufacturers.
23. Sichuan Road and Bridge: The company plans to repurchase shares using its own funds for employee equity incentives.

Transportation Update: The railway system is set to operate at full capacity during the May Day holiday, anticipating 144 million passengers over eight days, with peak travel expected on May 1.

Digital China Summit: The 8th Digital China Construction Summit opened in Fuzhou today, featuring over 20 thematic forums focusing on advanced topics such as artificial intelligence.

International Forum on Medical Innovation: The forum commenced in Fangchenggang, Guangxi today, attracting over 400 guests to discuss sustainable health development.

Food Safety Measures: The State Council’s Food Safety Office has mandated strengthened food safety supervision during the upcoming holidays.

Film Releases: Several new films, including Water Dumpling Queen and The Vast Horizon Is My Love, will be released in theaters nationwide during the May Day holiday.