Domestic News:
1. The State Council issued the "15th Five-Year Plan for Urban Renewal."
2. Beijing and Shanghai jointly conducted their first administrative guidance for the three major food delivery platforms.
3. The Ministry of Commerce stated that relevant export control measures against Japan are entirely legitimate, reasonable, and legal.
4. The National Development and Reform Commission held a video conference to arrange and deploy national energy supply work during the peak summer season.
5. The Ministry of Commerce responded to the EU's proposed tariffs on imported steel: Negotiations are underway with the EU, and a win-win outcome is expected.
6. The Ministry of Commerce responded to the progress of Sino-US tariff negotiations: The trade teams of both sides will agree on specific arrangements and promote implementation as soon as possible.
7. The "Work Plan for the Formulation of the National Basic Medical Insurance Medical Service Item Catalog (First Batch)" is open for public comment.
8. The Shenzhou-21 astronaut crew has completed all scheduled missions and will return to the Dongfeng Landing Site soon aboard the Shenzhou-22 manned spacecraft. 9. Futu and Changqiao have recently cleaned up accounts opened with false supporting documents and empty accounts with no assets or positions, and have closed these two types of accounts.
10. Liu Haoling, Vice Chairman of the China Securities Regulatory Commission (CSRC): As of now, various overseas investors hold more than 4 trillion yuan in A-share market capitalization, becoming important participants in China's capital market.
11. The State Administration for Market Regulation and the National Development and Reform Commission jointly issued the "Guidelines for the Construction of Artificial Intelligence Measurement System and Capacity (2026 Edition)," systematically outlining the construction of artificial intelligence measurement capabilities.
International News:
1. European Central Bank meeting minutes: Several members do not oppose interest rate hikes.
2. According to The Information: Microsoft (MSFT.O) will release a new coding model next week.
3. According to Axios: The Trump administration is preparing for the possibility of the Cuban government collapsing this summer.
4. Zimbabwe announces: 14 minerals, including lithium and nickel, will be designated as "critical minerals," requiring mandatory state ownership.
5. The US core PCE price index rose further to 3.3% year-on-year in April, the highest level since November 2023, in line with market expectations.
6. Federal Reserve – ① Moussalem: Higher real interest rates should be addressed through interest rate hikes. We consider the possibility of a rate hike to be greater than zero. ② Williams: The inflationary shock may peak in the coming months. Monetary policy is in the position we hope for, a good position.
7. Iran War –
① Iran
① Iranian Revolutionary Guard: Strikes against US air bases. ② Sources say Iran has not yet agreed to any memorandum of understanding; Israeli media reports that a US-Iran memorandum of understanding has not been approved by Iran's Supreme Leader. ③ Iranian officials: Frozen Iranian assets must be released unconditionally. Iran will not allow the US to "undermine its sovereignty over the Strait of Hormuz." ④ Jam County Chief: Iranian air defense forces shot down a hostile aircraft near Bushehr. This claim was denied by US officials.
② United States
① US officials: US forces launch new strikes against Iranian military facilities. ② The US adds Iran's Persian Gulf Straits Authority to its sanctions list. ③ US official: The US and Iran have reached an agreement on a memorandum of understanding, but it still requires final approval from Trump. ④ Bessant: Trump will not accept a "bad Iran deal," and the easing of sanctions depends on the extent of Iran's concessions on the nuclear issue. Any plan to impose passage fees on the Strait of Hormuz is a "failed proposal."
