OECD SECRETARY-GENERAL: WE NEED REFORM OF RULES-BASED INTERNATIONAL TRADING ARRANGEMENTS AND IN THAT CONTEXT, DIALOGUE BETWEEN PRESIDENT TRUMP AND PRESIDENT XI IS AN IMPORTANT PART OF THAT

Key News 1. The ChiNext Index broke through 4037.96 points, setting a new historical high. 2. China-US trade consultations began in South Korea. 3. Chinese Ambassador to the US Xie Feng: China opposes artificial intelligence becoming a game for individual countries and a small number of wealthy people; the world does not want to see an "AI Iron Curtain" or an "AI version of Star Wars." 4. Trump tweeted from the air: It is an honor to travel to the great China with so many outstanding people; Huang Renxun's lack of invitation is "fake news," he is currently traveling with me on Air Force One. Individual Stock News 1. Data on main force capital flow shows that Foxconn Industrial Internet (FII) saw the largest net inflow of main force capital at 6.591 billion yuan, followed by Tianfu Communication, New E-Sun, Wangsu Science & Technology, and Shanghai Electric; Accelink Technologies saw the largest net outflow of main force capital at 1.343 billion yuan, followed by Ping An Insurance, SMIC, Eastmoney Information, and CATL. 2. CATL Chief Scientist Wu Kai: AI is driving a revolution in materials R&D towards "on-demand design." 3. Lens Technology: Automotive glass has been supplied to customers in batches, with sufficient orders. 4. Anker Innovations: Plans to further reduce the number of charging product models by 50% to 70% over the next 18 months. 5. Jinan Guoji: Self-sufficiency rate of electronic fiberglass cloth exceeds 35%, and the expansion project is planned to begin trial production before the end of 2026. 6. Shenzhen TeFa Information Technology: The company has self-developed products related to optical isolators, but they have not yet been mass-produced or sold externally. 7. Guangli Technology: The company's domestic semiconductor equipment production capacity is currently at full capacity. 8. Betta Pharmaceuticals: The commercialization and promotion of Aofumin is currently in the early stages.

Chicago Fed President Goolsby will participate in a Q&A session hosted by the local Chamber of Commerce in ten minutes; the winning rate and bid-to-cover ratio for the 10-year U.S. Treasury auction ending May 12 will be announced in ten minutes.