【国债期货午盘收盘】2年期国债期货（TS）主力合约跌0.01%，5年期国债期货（TF）主力合约跌0.02%，10年期国债期货（T）主力合约跌0.05%，30年期国债期货（TL）主力合约跌0.27%。

The State Council General Office issued guidance requiring provincial-level and directly administered municipal governments where private fund managers are registered to lead risk resolution, coordinating with the State Council securities regulator and other agencies. Local authorities must swiftly inventory exposures and adopt market-based, rule-of-law risk-resolution plans covering asset recovery, asset verification and distributions/returns, and avoid creating expectations of public-resource support. Risk handling should be conducted within local mechanisms with active cooperation from the securities regulator and its local offices, including enforcement and penalties. Where one ultimate controller oversees multiple private fund managers across regions, lead responsibility will, in principle, follow: headquarters registration location, core enterprise corporate income tax payment location, then senior management personal income tax payment location. The guidance explicitly forbids using private funds to improperly incur debt to resolve liabilities or to dispose of troubled companies, to prevent new risk points.

June 5, Jinhua, Zhejiang — Panhub Power and the Ningbo Institute of Materials, Chinese Academy of Sciences jointly developed a dedicated permanent-magnet steel that markedly improves compatibility with axial-flux motors. The material yields large gains in magnetic energy product, high-temperature stability and mechanical strength, boosting axial-flux motors' efficiency, power/torque density and long-term operational stability while better balancing peak performance and lifecycle cost. The developers say the advance provides key support for a domestically autonomous, full-process axial-flux electric-drive supply chain and large-scale market deployment aimed at benchmarking international leaders.