GLOBAL NICKEL OUTPUT EXPECTED TO DECREASE TO 3.72 MLN T IN 2026, VS 3.88 MLN T IN 2025 - INSG GLOBAL NICKEL DEMAND EXPECTED TO INCREASE TO 3.75 MLNT IN 2026, VS 3.60 MLNT IN 2025 - INSG

Key News 1. Fifteen departments: Strengthen guidance on youth's views on marriage and love; explore multi-faceted support policies for childbirth involving housing, travel, and consumption. 2. The "Interim Measures for the Management of Asset Servicing Trusts (Draft for Comments)" has been issued. 3. The establishment ceremony of the Expert Guidance Committee for Photovoltaic Patent Pools and a seminar on the joint construction of photovoltaic patent pools were held in Beijing. 4. Several banks announced the suspension of some credit cards, indicating that the credit card industry is shifting towards refined management in the era of existing assets. Individual Stock News 1. Data on main force capital flows shows that Foxconn Industrial Internet (FII) saw the largest net inflow of main force capital at 3.425 billion yuan, followed by Hengtong Optic-Electric, New E-Sun, ZTE, and Unisplendour Corporation. Zijin Mining saw the largest net outflow of main force capital at 1.123 billion yuan, followed by Ganfeng Lithium, Aerospace Development, Jiejia Weichuang, and Julisling. 2. Cambricon responds to the impact of self-developed chips by major internet companies: The company's products have good universality for various artificial intelligence technologies. 3. GigaDevice launches the GD32F5HC series of 32-bit general-purpose microcontrollers. 4. Muyuan Foods: Hog farming costs are expected to decline further in the second quarter. 5. CATL's third-generation Shenxing superchargeable battery is expected to be launched in the fourth quarter of this year. 6. Lingwei Technology: The company's products are not used in TGV (Through Glass Through-Video) packaging technology. 7. Dingtai Hi-Tech: The premise of the online rumor that "drill bits completely fail on M9 material" is unfounded.

The ChiNext index extended its gains to 1% in the afternoon, while the Shanghai Composite Index rose 0.24% and the Shenzhen Component Index gained 0.81%.