June 25 — Guangzhou completed its first full-process transaction under the sell-old-buy-new residential pilot. A homeowner signed contracts with second-hand property acquirer Guangzhou Anju Group and new-home developer Guangdong Poly, marking the pil

Key News 1. Ministry of Commerce responds to the latest developments in China-US trade consultations. 2. The "15th Five-Year Plan for the Construction of a New Energy System" is issued. 3. The State Administration for Market Regulation holds its second 2026 symposium on fair competition for enterprises. Individual Stock News 1. Shanghai Stock Exchange releases schedule for semi-annual report disclosures; China Shipbuilding Special Gas Group is the first to do so. 2. Keqiao Textile City: Vice General Manager Gao Xiaochen is under investigation and detained. 3. China Shipbuilding Special Gas Group: Trading suspension investigation completed; trading resumes today. 4. Tongfu Microelectronics: The second largest shareholder, the National Integrated Circuit Industry Investment Fund, reduces its stake to below 5%. 5. Apple raises prices for several products including Macs and iPads; iPhones are not included in the price adjustment. 6. *ST Zhongji: Delisting risk warning removed; stock abbreviation changed to "Zhongji Health" from June 26. 7. ST Intercontinental: Vice General Manager Zhang Ke is under disciplinary review and supervisory investigation for suspected serious violations of discipline and law. 8. Hengyi Petrochemical: First-half net profit is expected to be 5.5 billion to 6 billion yuan, a year-on-year increase of 2326% to 2547%. 9. Yunzhong Technology: Share price rose 277.95% cumulatively from May 7th to June 25th; trading suspended from June 26th for investigation. 10. Tianhao Energy: Planning to acquire 100% equity of Tianhao New Energy Co., Ltd.; stock suspended. 11. Tonghua Jinma: Obtained drug registration certificate for Avermectin Succinate Tablets, filling the gap in domestically produced innovative Alzheimer's drugs. 12. Longci Technology: Multiple high-end chip inductor products have undergone testing and verification by internationally renowned semiconductor power supply manufacturers; some part numbers have obtained customer certification. 13. AVIC Optoelectronics: Has established in-depth cooperation with several leading customers in application fields such as silicon photonics modules, Elsfp, NPO, and CPO; possesses mass production delivery capabilities.

Refinitiv IFR reports Zhejiang Laifu Harmonic Drive Co. will price its Hong Kong IPO at the top of its indicated range, seeking to raise HK$1.1 billion.