Domestic News:
1. Changxin Technology's IPO on the Science and Technology Innovation Board was approved by the Listing Committee.
2. Hong Kong Stock Exchange: Introduces a market-wide exemption of trading fees for gold futures.
3. Supreme People's Court: Urgently formulates judicial interpretations on civil compensation for insider trading and market manipulation to ensure the sound operation of the capital market.
4. The State Administration for Market Regulation (SAMR) imposed an administrative penalty of 900,000 yuan on Luxshare Precision for failing to declare its merger in advance as required by law.
5. SAMR deploys a special campaign from May to December to address "involutionary" competition through credit-based initiatives.
6. Li Qiang, during his research visit to Zhoushan and Ningbo, Zhejiang, emphasized the need to accelerate the construction of a hub for the allocation of bulk commodity resources to provide reliable guarantees for coordinated development and security.
7. Hong Kong Monetary Authority (HKMA): Requires registered institutions to take three additional measures when opening and managing investment accounts for mainland investors, including retrospective verification of account openings up to January 2023. 8. National Bureau of Statistics: From January to April, the total profits of industrial enterprises above designated size nationwide reached 2,435.84 billion yuan, a year-on-year increase of 18.2%. During the same period, the semiconductor-related industries developed rapidly, driving profit growth in the electronic special materials manufacturing, optical fiber manufacturing, and optoelectronic device manufacturing industries by 601.7%, 347.6%, and 51.0%, respectively.
International News:
1. SK Hynix's market capitalization surpasses the $1 trillion mark.
2. Samsung's labor union approves wage agreement, avoiding the risk of strikes.
3. Reports indicate that TSMC's 3nm price will increase by 15% in the second half of the year, and may increase by another 10% next year.
4. The Reserve Bank of New Zealand has kept interest rates unchanged for the third consecutive time, indicating that a larger and earlier rate hike may be needed.
5. The Israeli military confirmed in a statement that it killed Hamas's new commander, Mohammed Od.
6. EU sources: EU member state governments have approved legislation to reduce tariffs on US goods.
7. Federal Reserve – ① Kashkari: It's too early to predict when the Fed will act next. ② Cook: Prepare to raise interest rates if the expected decline in inflation doesn't materialize in time. Prepare to cut rates if the labor market deteriorates. The right course of action now is to keep interest rates stable.
8. Iran War –
① Iran
① Iranian official: According to the draft preliminary agreement between the US and Iran, the US will implement a 60-day ceasefire on all fronts. ② Iranian Revolutionary Guard official: The possibility of a resumption of the Iran-US war is "low". ③ Advisor to the Iranian Revolutionary Leader: Iran will no longer rely on signatures and written commitments.
② United States
① Trump: Still dissatisfied with the US-Iran agreement, will not ease sanctions and refuses control of the Strait of Hormuz; I don't care about the midterm elections; Oman will be bombed if it doesn't follow the rules; no country can control the Strait of Hormuz, the US will monitor it; the US will continue to control Iranian assets. ② White House official account "Rapid Response 47": The content of the memorandum of understanding released by Iranian media is completely fabricated. ③ Rubio: US President Trump prefers to negotiate with Iran. ④ US officials: The Department of Defense has drawn up a list of targets within Iran in preparation for a possible resumption of military action against Iran by Trump.
③ Other—① South Korea summoned the Iranian ambassador regarding the attack on its ships. ② Israel Defense Forces: Multiple explosive drones attacked northern Israel. ③ Reports: Starlink is alleged to be used in US military operations against Iran.
