China launched 11 Qianfan polar-orbit satellites from Taiyuan Satellite Launch Center today aboard a modified Long March-6 carrier rocket; the satellites entered their planned orbit and the mission was successful.

Since the start of Q2, margin financing has added to multiple solid-state battery-related stocks. As of June 3, 19 stocks recorded net margin-financing purchases above RMB 100 mln. Tinci Materials and CATL led with net buys of RMB 2.063 bln and RMB 1.217 bln, respectively; EVE Energy, Do‑Fluoride New Material, Defu Technology, Capchem and others each had net buys above RMB 500 mln. Those 19 names reported strong Q1 results: TTANQT LITHIUM and Tinci Materials saw year-on-year profit growth of 16.99x and 10.06x, while Enjie, Shanshan, Defu Technology and Do‑Fluoride posted YoY net-profit gains of 901.7%, 898.85%, 708.9% and 480.14%, respectively.

Investors' demand for clarity on Venezuela's measures to revive its oil-rich economy and restructure debt has prompted JP Morgan and Jefferies to arrange fact‑finding visits to Caracas. Jefferies executives visited this week and are considering a return in the coming weeks; JP Morgan is working to schedule a trip and may bring clients.