The Private Economy Promotion Law was promulgated and will be implemented from May 20 this year.

Important news 1. Xi Jinping emphasized during his inspection in Shanghai that we should speed up the construction of a highland of scientific and technological innovation with global influence. 2. Ministry of Foreign Affairs: The United States should conduct dialogue with China on the basis of equality, respect and reciprocity. 3. The US Treasury Secretary said that the responsibility for the escalation of the tariff war lies with China. The Ministry of Foreign Affairs: There are no winners in tariff wars and trade wars. 4. The central bank: The weighted average interest rate of newly issued commercial personal housing loans nationwide in the first quarter of 2025 is 3.11%. 5. The central bank internally notified securities companies of money laundering risks and typical problems in anti-money laundering performance, focusing on six types of business risks such as comprehensive account services and bulk transactions. Individual stock news 1. Kweichow Moutai: Net profit of 26.847 billion yuan in the first quarter, an increase of 11.56% year-on-year. 2. Seres: Net profit of 748 million yuan in the first quarter, an increase of 240.6% year-on-year. 3. Tianqi Lithium: Net profit of 104 million yuan in the first quarter, a year-on-year turnaround. 4. Midea Group: Net profit of 12.422 billion yuan in the first quarter, a year-on-year increase of 38.02%. 5. Longi Green Energy: Net loss of 1.436 billion yuan in the first quarter, and a loss of 2.350 billion yuan in the same period last year. 6. Inspur Information: Net profit of 463 million yuan in the first quarter, a year-on-year increase of 53%. 7. Foxconn: Net profit of 5.231 billion yuan in the first quarter, a year-on-year increase of 25%. 8. COSCO SHIPPING Holdings: Net profit of 11.695 billion yuan in the first quarter, a year-on-year increase of 73.12%. 9. China Yangtze Power: Net profit of 5.181 billion yuan in the first quarter, a year-on-year increase of 30.56%. 10. China Merchants Bank: Net profit of 37.286 billion yuan in the first quarter, a year-on-year decrease of 2.08%. 11. Tongwei Co., Ltd.: Revenue of 15.933 billion yuan in the first quarter, a year-on-year decrease of 18.58; net loss of 2.593 billion yuan. 12. Northern Rare Earth: Net profit in the first quarter increased by 727% year-on-year, and the sales volume and price of major rare earth products increased. 13. Trina Solar: Revenue in the first quarter was 14.335 billion yuan, down 21.48% year-on-year; net loss was 1.32 billion yuan. 14. Vanke A: Shenzhen Metro Group plans to provide the company with a loan of 3.3 billion yuan. 15. Xinhua Insurance plans to invest 20 billion yuan with China Life to subscribe for private equity fund shares. 16. Dawei Technology: Shareholder Gao Dapeng plans to reduce his holdings of no more than 3% of the company's shares. 17. Zhongqi New Materials: Plans to repurchase the company's shares for 100 million yuan to 150 million yuan. 18. Binhai Energy: Plans to purchase 100% of Cangzhou Xuyang's equity, and the stock will be suspended from April 30. 19. Weichai Power: Plans to repurchase shares for 500 million yuan to 1 billion yuan for cancellation and reduction of registered capital. 20. Shenzhen Konka A: The company's controlling shareholder will be changed to Panshi Runchuang, and the actual controller will be changed to China Huarun. 21. Lotus Holdings: The controlling subsidiary terminated the high-performance computing service contract with Shanghai X state-owned enterprise. 22. Yitian Intelligence: The wholly-owned subsidiary signed a strategic cooperation framework agreement to jointly build a computing power cluster and a new quality productivity ecosystem.

Gold T+D of Shanghai Gold Exchange fell 0.31% to 782.26 yuan/gram in the early trading on April 30 (Wednesday); Silver T+D of Shanghai Gold Exchange fell 0.13% to 8191.0 yuan/kilogram in the early trading on April 30 (Wednesday).

Taiwan's weighted index opened on April 30 (Wednesday) down 13.74 points, or 0.07%, to 20218.89 points.

At the opening of the morning session, the main domestic futures contracts fell more than rose. Alumina and pulp fell by more than 3%, glass, soda ash, and SC crude oil fell by more than 2%, coking coal, fuel oil, and low sulfur fuel oil (LU) fell by more than 1%; in terms of increase, urea rose by more than 3%, and the container shipping index (European line), Shanghai aluminum, and caustic soda rose by nearly 1%.

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