Domestic News: 1. The People's Bank of China (PBOC) released its May 2026 financial statistics report: M2 remained flat while M1 rose, with total social financing increasing by 17.48 trillion yuan in the first five months. 2. The Asset Management A

2026-06-12

Domestic News: 1. The People's Bank of China (PBOC) released its May 2026 financial statistics report: M2 remained flat while M1 rose, with total social financing increasing by 17.48 trillion yuan in the first five months. 2. The Asset Management Association of China (AMAC) released the "Guidelines for the Management of Thematic Investment Styles of Publicly Offered Securities Investment Funds," stipulating that fund managers should not actively update their style database more than twelve times per calendar year. 3. The PBOC announced that on June 15, it will conduct 600 billion yuan of outright reverse repurchase operations using a fixed-quantity, interest rate bidding method with multiple price levels. 4. The PBOC publicly solicited opinions on the "Measures for the Management of Large-Denomination Certificates of Deposit." 5. Several insurance institutions were approved to participate in the Bond Connect "Southbound Trading." 6. The State Administration for Market Regulation (SAMR) released the "Enforcement Guidelines for Citation Content in Advertising," specifying exemptions for the use of terms such as "superlative" and "best" in advertisements. 7. Zhou Xiaoquan announced that "Several Measures to Fully Leverage the Function of Direct Financing and Further Strengthen Science and Technology Financial Services" will be issued and implemented. 8. The 2026 Lujiazui Forum will be held from June 17th to 18th, featuring a series of major project signings and policy releases. 9. Guangzhou: Plans to support the construction of the Hong Kong Jockey Club Conghua Racecourse and the Guangzhou International Horse Racing Development Center, and support the implementation of regular race schedules. 10. The China Securities Regulatory Commission (CSRC) has approved Changxin Technology's IPO registration application on the Science and Technology Innovation Board. International News: 1. SpaceX listed today with an indicative price of $172 per share; its IPO price was $135 per share. 2. Sources revealed that SK Hynix is seeking a Nasdaq listing. 3. US Energy Secretary Wright: 7 million barrels of oil are leaving the Persian Gulf daily. 4. Iranian media released new details of the Iran-US memorandum of understanding, stating that final confirmation from relevant departments is still required. 5. Iranian media: According to the memorandum of understanding with the US, Iran made no commitments regarding the transfer of control over the Strait of Hormuz; the current memorandum does not reach any agreement on the nuclear issue. 6. According to CNN, citing sources, Israel is pressuring to block part of the ceasefire agreement from unfreezing Iranian assets.