Domestic News
1. Premier Li Qiang chaired an executive meeting of the State Council, hearing reports on the implementation of the Central Urban Work Conference's directives and the progress of urban renewal, reviewing and approving the "15th Five-Year Plan for Urban Renewal" and the "15th Five-Year Plan for Accelerating Agricultural and Rural Modernization," and discussing work related to population development and the reform and development of basic education.
2. The Ministry of Justice issued a notice today, determining that the EU's relevant cross-border investigation practices constitute improper extraterritorial jurisdiction measures. No organization or individual may implement or assist in the implementation of such improper extraterritorial jurisdiction measures.
3. China Media Group and FIFA jointly announced that they have acquired the broadcasting rights for the 2026 and 2030 World Cups. Sources indicate the broadcasting rights fee for the USA-Canadian-Mexico World Cup is $60 million.
4. The China Securities Regulatory Commission (CSRC) held a symposium on capital market support for the development of modern service industries and new consumption enterprises. CSRC Chairman Wu Qing stated that during the 15th Five-Year Plan period, the CSRC will further scientifically plan and research more specific measures to deepen inclusive reforms and promote high-quality development of the capital market, better supporting the development and growth of various real economy enterprises, including those in the service and consumption sectors. 5. The China Securities Regulatory Commission (CSRC) released the "Trial Measures for the Supervision and Administration of Derivatives Trading," which will take effect on November 16, 2026.
6. The National Medical Products Administration (NMPA) released and implemented the "Implementation Measures for the Protection of Drug Trial Data" today, granting a six-year protection period for trial data of innovative drugs and original drugs.
7. This week, the Shanghai Stock Exchange (SSE) will focus on monitoring funds with high premiums, such as the China-Korea Semiconductor ETF and the Global Chip LOF, as well as stocks with abnormal fluctuations and delisting risks, such as *ST Zhengping, and stocks with severely abnormal fluctuations, such as Fuda Alloy and Haitai Xinguang.
8. International News:
9. India's Ministry of Trade: India's gold imports in April amounted to $5.63 billion.
10. India will cooperate with the UAE to expand its strategic oil and gas reserves.
11. The US New York Fed Manufacturing Index for May reached its highest level since April 2022.
12. The second day of the third round of Lebanon-Israel negotiations began at the US State Department.
13. US interest rate futures indicate that the probability of a Federal Reserve rate hike by January next year is expected to exceed 50%. 14. US Energy Secretary Wright: The US could easily double its natural gas exports without affecting domestic prices.
15. Trump: Will acquire Iranian enriched uranium at the appropriate time; otherwise, action will be taken. Iran's 20-year commitment to suspend its nuclear program is acceptable, but the commitment must be "genuine."
16. Iranian Foreign Minister: An agreement has been reached with the US to postpone negotiations related to uranium enrichment; talks have been held with Russia regarding the storage of enriched uranium. Iran is not seeking to develop nuclear weapons. The Strait of Hormuz remains open to commercial vessels from friendly nations. Messages have been received from the US expressing a desire to continue negotiations.
