US FED OFFICIALS HAVE CONVEYED TO THE INDUSTRY THAT FORMAL FEEDBACK SHOULD BE LIMITED AND FOCUSED - SOURCES US FEDERAL RESERVE OFFICIALS HAVE TOLD BIG BANKS THEY DO NOT EXPECT THEM TO PUSH BACK AGGRESSIVELY TO FURTHER WATER DOWN CAPITAL RULES - SOUR

Key News 1. Indian banks suspend gold and silver imports, leaving large quantities of precious metals stranded at customs. 2. National Development and Reform Commission (NDRC): This year, the focus will be on expanding effective investment in areas such as "artificial intelligence+" infrastructure. 3. NDRC: Efforts will be made to expand domestic effective demand, and a strategic implementation plan for expanding domestic demand from 2026 to 2030 will be formulated. 4. Pan Gongsheng: Implement a moderately loose monetary policy and measures to boost consumption. Individual Stock News 1. Data on main capital flows shows that Yunnan Germanium saw the largest net inflow of main capital at 1.242 billion yuan, followed by Shenghong Technology, Foxconn Industrial Internet, Accelink Technologies, and Sanan Optoelectronics; WuXi AppTec saw the largest net outflow of main capital at 2.385 billion yuan, followed by Biwin Storage, Sungrow Power, CATL, and Ganfeng Lithium. 2. Chinese researchers have developed ultra-strong, high-conductivity, and heat-resistant copper foil. 3. Yuanjie Technology's stock price surpasses Kweichow Moutai, becoming the top-performing stock in the A-share market. 4. Sangfor Technologies: The company's AI computing power gateway helps customers schedule computing power, unifying the scheduling of various computing power sources, including customer-built and third-party leased resources. 5. Wuhan Yangtze Memory Technologies' Q1 revenue exceeded 20 billion yuan, and it is currently undergoing an "epic expansion." 6. The 2026 manned space program will implement manned spacecraft missions such as Shenzhou-23. 7. Deng Taihua, Chairman of Zhiyuan: 2025 revenue is expected to reach 1.05 billion yuan. 8. Changxin Memory and Yangtze Memory Technologies are now implementing "pre-payment production." 9. Gold Mantis clarifies: The memorandum of understanding signed with its Vietnamese partner does not involve any specific projects or amounts. 10. Hesai's full-color lidar platform is planned for mass production in the second half of the year, supporting up to 4320 lines. 11. China Automotive Engineering Corporation (CATARC) and China National Automotive Industry Import & Export Corporation (CNIC) signed engineering project cooperation agreements and battery distribution chain project cooperation agreements with EVE Energy, respectively. 12. Morgan Stanley: TSMC's capital expenditures could reach $200 billion between 2026 and 2028.

[Trump Criticizes NATO as Useless in the Strait of Hormuz] President Trump: The situation in the Strait of Hormuz has calmed down. I received a call from NATO asking if we needed help. I told them not to interfere unless they just wanted to take the opportunity to fill their own ships with oil. They are useless at a crucial moment; they are simply paper tigers!