CHINA WELCOMES FOREIGN PHARMACEUTICAL ENTERPRISES

A CBS News poll shows that two-thirds of American respondents feel economic pressure, with most saying that soaring gasoline prices are causing them distress.

Key News 1. Ministry of Agriculture and Rural Affairs: Continue to strengthen comprehensive regulation of hog production capacity and stabilize prices of hogs and other major agricultural products. 2. Li Qiang chaired an executive meeting of the State Council to discuss the "Draft Amendment to the Law of the People's Republic of China on the People's Bank of China". 3. National Development and Reform Commission: Starting at 24:00 on the 21st, domestic gasoline and diesel (standard grades) prices will be increased by 75 yuan and 70 yuan per ton respectively. 4. Ministry of Commerce: China and the United States should create favorable conditions for bilateral agricultural trade and promote the recovery and continuous expansion of agricultural trade cooperation. 5. Ministry of Commerce: If the EU insists on taking discriminatory restrictive measures against Chinese companies or products, China will resolutely retaliate. Individual Stock News 1. BOE Technology Group Co., Ltd. (BOE A): As of now, the company has not yet conducted business cooperation with Nvidia, and some media speculation lacks factual basis. 2. SMIC: The China Securities Regulatory Commission (CSRC) approved the acquisition of a 49% stake in SMIC Northern. 3. Liren Technology clarified: The company will not acquire any semiconductor distribution companies by the end of 2025 and will not transform into the electronic fabric industry in the next 2-3 years. 4. Dapu Microelectronics: Trading halted for investigation has ended; shares will resume trading on the 22nd. 5. Shibei High-Tech: Its investee fund, CCTV Media Convergence Fund, has invested in Yangtze Memory Technologies Co., Ltd., holding a 0.1533% stake. 6. *ST Wingtech: Recently, its actual controller, Zhang Xuezheng, spent 8.36 million yuan to increase his holdings in the company. 7. Eft: Plans to acquire 100% of Shengpu Shares for 1.074 billion yuan. 8. Liren Technology clarifies rumors of a transformation into the electronic fabric industry: its main business does not include electronic fabric-related businesses; its investee company, Shanghai Superfiber, has not yet commenced any business operations.