CHINA’S COMMERCE MINISTRY: WILL EXPAND DUTY-FREE TAX REFUND STORE COVERAGE AND ENCOURAGE MORE ELIGIBLE RETAILERS TO REGISTER AS TAX REFUND STORES

Key News 1. my country successfully launched the 9th batch of satellites for its Qianfan constellation network. 2. China's first data center connected to a virtual power plant to participate in the electricity spot market transaction. 3. State Council Executive Meeting: Accelerate the construction of a fertility-friendly society and strengthen maternity services and guarantees. 4. China Securities Regulatory Commission (CSRC) held a symposium on capital market support for the development of modern service industries and new consumption enterprises. 5. CSRC released the "Trial Measures for the Supervision and Management of Derivatives Trading". 6. Wang Yi: President Xi Jinping will pay a state visit to the United States this autumn. 7. Russian President Vladimir Putin will pay a state visit to China. 8. Changxin Technology: Q1 revenue increased by 719.13% year-on-year, with net profit of 33 billion yuan; expected first-half revenue of 110-120 billion yuan and net profit attributable to shareholders excluding non-recurring items of 52-58 billion yuan. Individual Stock News 1. Shanghai Telecom launched a Token tariff package, with 1 yuan corresponding to 250,000 credit points, supporting mobile phone bill payments. 2. Shanghai Mobile announced the launch of a universal token service: 400,000 tokens can be purchased for 1 yuan. 3. CloudWalk Technology: Shanghai Puyun Tianxin was officially unveiled, promoting the R&D and ecosystem collaboration of AI high-computing-power inference chips. 4. Ganfeng Lithium: The current inventory days of lithium ore and lithium salts in the industry are at a historical low. 5. Guoxuan High-Tech: Solid-state batteries are rapidly entering the "1 yuan era". 6. CATL and Xiamen City deepen strategic cooperation to accelerate the construction of a zero-carbon technology city and the layout of the low-altitude economy. 7. China Mobile: Will strengthen research on key core technologies for communication networks such as 5G-A, 6G, and satellite internet. 8. Julisling Rigging: The company is under investigation for suspected violations of regulations regarding misleading statements in information disclosure. 9. Quzhou Development: The acquisition of 95.4559% of the shares of XianDao Technology has been terminated. 10. Feilingkesi: There is currently no service cooperation with Foxconn regarding related products. 11. Hygon Information: Provided computing power support for the "First Artificial Intelligence Innovation and R&D Exchange Activity in the Energy and Power Industry".

CHINA’S COMMERCE MINISTRY AND OTHER DEPARTMENTS ISSUED A NOTICE ON STEPPED-UP MEASURES TO OPTIMIZE DEPARTURE TAX REFUNDS AND BOOST INBOUND CONSUMPTION

JAPAN GOVT LIKELY TO ISSUE FRESH DEBT AS PART OF FUNDING FOR EXTRA BUDGET, SOURCE SAYS

The Taiwan Weighted Index opened down 700.95 points, or 1.7%, at 40,471.41 on Monday, May 18.

On Monday, May 18th, the Shanghai Gold Exchange's gold T+D contract fell 1.75% to 991.0 yuan/gram in early trading; the Shanghai Gold Exchange's silver T+D contract fell 7.07% to 18400.0 yuan/kilogram in early trading on Monday, May 18th.