China’s Capital Markets: Key Developments and Insights from Recent Economic Activities

Xi Jinping has arrived in Kuala Lumpur to begin a state visit to Malaysia. This visit is part of ongoing efforts to strengthen bilateral relations.

<b>Special Report: Responding to Tariff Shockwaves</b> - Various parties in the capital market are taking action to address the impacts of recent tariff changes.

<b>Focus: The 5th China International Consumer Goods Expo</b> - The initiative "Searching for Venture Capital Golden Eagles to Discover New Enterprises" has been officially launched!

<b>Latest Updates:</b>
<ul>
    <li>20:33 Honor has launched the industry's first smartphone with an 8000mAh battery.</li>
    <li>20:33 JieJie Microelectronics anticipates a 15%-30% year-on-year increase in net profit for the first quarter.</li>
    <li>20:30 The first series of national standards for humanoid robots has officially been established.</li>
    <li>20:28 BOE Technology Group expects a net profit of 5.323 billion yuan in 2024, a year-on-year increase of 108.97%.</li>
    <li>20:24 QianYuan Power's controlling shareholder plans to increase their stake in the company through a concerted action.</li>
    <li>20:22 Baicheng Medicine has received clinical trial approvals for one innovative Class I drug and ten Class II drugs.</li>
    <li>20:20 BOE Technology Group forecasts a 63%-68% year-on-year increase in net profit for the first quarter.</li>
    <li>20:18 Chunchun Power reports a first-quarter net profit of 415 million yuan, up 49.6% year-on-year.</li>
    <li>20:13 China Baowu Steel Group expects to achieve a net profit of 173 million yuan in 2024, proposing a dividend of 0.3 yuan per share.</li>
    <li>20:11 State Grid Corporation's electricity trading volume exceeded 3.5 trillion kilowatt-hours in the first quarter.</li>
    <li>20:05 Xiamen Small Commodity City has signed a strategic cooperation agreement with Alibaba Group.</li>
</ul>

<b>Economic Insights:</b> During a recent visit to Beijing, Li Qiang emphasized the need for greater efforts to promote consumption and strengthen domestic demand to enhance the domestic economic cycle.

The <b>central bank, financial regulatory authority, and securities regulatory commission</b> have jointly released results from a first-quarter economist survey, indicating an expected economic growth rate of no less than 5% for the quarter.

The Shanghai Composite Index has turned positive, with the consumer sector showing strength. However, several high-performing stocks experienced sudden drops at the end of trading. Additionally, many A-shares are expected to "remove their special treatment," leading to significant price surges among over 20 stocks.

<b>Market Developments:</b> Wuxi has completely lifted restrictions on stock sales, and more cities may follow in reducing such measures.

<b>Industry News:</b> In a rare occurrence, both Apple and Xiaomi have seen their smartphone sales peak.

<b>Investment and Financing:</b> The unicorn company Zhipu has officially launched its IPO process. Meanwhile, a wave of buybacks is seen among A-share companies.

<b>Foreign Trade Updates:</b> A strategic cooperation agreement has been signed between Xiamen Small Commodity City and Alibaba, marking new trends in foreign trade.

<b>Market Trends:</b> Major asset management firms such as BlackRock, Fidelity, and Schroders are shifting their investment focus. In addition, Sunac China is reportedly planning to convert all overseas debts into company shares.

<b>First Quarter Highlights:</b> The first quarterly reports for thematic technology funds have been released, with some funds increasing in size by over 1500%.

The youngest bank president in the industry is set to be formally appointed at Hengfeng Bank, while a new property insurance company has been granted approval to commence operations.

<b>Latest Regulations:</b> New national standards for electric vehicle batteries will take effect on July 1, 2026.

In a recent live video broadcast, US Treasury Secretary discussed trade tariffs with China, expressing hope for a significant trade agreement.

Overall, the capital market is experiencing dynamic changes with numerous sectors showing potential for growth. The focus remains on innovation and adapting to new market conditions.