Fu Linghui, spokesperson of the National Bureau of Statistics, said at a press conference held by the State Council Information Office on May 19 that in April, the driving role of "artificial intelligence +" was strengthened, the digital industry was

Monday : ① Data: China's total retail sales of consumer goods in April year-on-year; China's industrial added value above designated size in April year-on-year; Eurozone April CPI final value; U.S. Conference Board leading indicator monthly rate in April. ② Events: Fed's Williams, Jefferson, and Bostic delivered speeches; National Bureau of Statistics released monthly reports on residential sales prices in 70 large and medium-sized cities; State Council Information Office held a press conference on the operation of the national economy; Shenzhen Stock Exchange held the 2025 Global Investor Conference in Shenzhen; Huang Renxun attended the Taipei International Computer Show and delivered a speech; Trump successively spoke with Putin, Zelensky and NATO member states ; Domestic refined oil will open a new round of price adjustment window. ③ Holiday: Canada's Toronto Stock Exchange closed for one day due to Victoria Day. ④ Financial reports: Ali Health, Ali Pictures, Leapmotor, Ctrip.com. Tuesday: ① Data: China's one-year and five-year loan market quotation rates until May 20 ; Germany's April PPI; Eurozone's seasonally adjusted current account in March; Canada's April CPI; Eurozone's preliminary consumer confidence index in May. ② Events: CATL's listing in Hong Kong; Reserve Bank of Australia's interest rate decision and governor's press conference ; G7 finance ministers and central bank governors' meeting held until May 22. ② Financial reports: ZTO Express, Huazhu Group, Bilibili, Weibo, Vipshop. Wednesday: ① Data: API and EIA crude oil inventories in the United States for the week ending May 16; EIA Cushing crude oil in Oklahoma, EIA strategic petroleum reserve inventories; UK CPI in April, April retail price index. ② Events: Fed's Musallem, Bostic, Hammack, and Daly delivered speeches; NYMEX New York crude oil June futures moved positions for a new month; ③ Financial reports: Baozun E-commerce, Baidu, and Xiaopeng Motors. Thursday: ① Data: China's Swift RMB share in global payments in April; PMIs in many European countries and the United States in May; Germany's IFO business climate index in May; UK CBI industrial order difference in May; US initial claims for the week , annualized total number of existing home sales in April, and EIA natural gas inventories for the week. ② Event: Fed's Barkin attended the "Fed Listening" event; the ECB released the minutes of the April monetary policy meeting. ③ Financial report: Lenovo Group. Friday : ① Data: UK Gfk Consumer Confidence Index in May; Japan's core CPI annual rate in April; Germany's first quarter unadjusted GDP annual rate final value; UK's April seasonally adjusted retail sales monthly rate; Canada's March retail sales monthly rate; US April new home sales total annualized. ② Event: Fed's Williams delivered a keynote speech at the Monetary Policy Implementation Seminar. ③ Financial report: Tongcheng Travel. Saturday: ① Data: US total number of oil rigs for the week ending May 23.

Li Ming, vice chairman of the China Securities Regulatory Commission, said at the Shenzhen Stock Exchange's 2025 Global Investor Conference that the current valuation level of A-shares is still at a relatively low level, with the CSI 300 price-to-earnings ratio of 12.6, which is significantly lower than the major indices of overseas markets, and the allocation value is further highlighted.