新华财经早报：5月8日

Financial Policies and Market Stability - A comprehensive financial policy package has been introduced to stabilize the market and expectations, including interest rate cuts, adjustments to housing loan rates, and reforms in public funds [2] - The People's Bank of China announced a 0.5 percentage point reduction in the reserve requirement ratio and a 0.25 percentage point cut in housing provident fund loan rates, effective from May 8, 2025 [2] - The China Securities Regulatory Commission (CSRC) has issued a plan to promote high-quality development of public funds, which includes 25 measures aimed at linking fund company income with investor returns [2] Economic Indicators and Market Reactions - As of the end of April, China's foreign exchange reserves increased by $41 billion to $3281.7 billion, marking a 1.27% rise [2] - The U.S. Federal Reserve maintained its interest rate target range at 4.25% to 4.50%, citing uncertainties in economic outlook and potential impacts from tariffs [3][4] - The Shanghai Composite Index rose by 0.8% to 3342.67, reflecting positive market sentiment [6] Corporate Developments - Geely Automobile announced plans to acquire all issued shares of Zeekr, aiming for complete privatization and delisting from the New York Stock Exchange [2] - Bee Capital has sold all its shares in Pop Mart ahead of the expiration of its first fund, marking a significant exit from the investment [2] - The Central Clearing Company will support the issuance of technology innovation bonds by financial institutions, with a fee waiver for registration services from January 1, 2025, to December 31, 2027 [2]