CATL(SZ:300750) 2 1 Shi Ji Jing Ji Bao Dao·2025-05-20 23:43Monetary Policy and Economic Support - The central bank aims to implement a moderately loose monetary policy to meet the effective financing needs of the real economy and maintain reasonable growth in financial totals [2] - The People's Bank of China is focusing on supporting key areas such as technological innovation, consumption, small and micro enterprises, and stabilizing foreign trade [2] Banking Sector Trends - The trend of decreasing interest rates on bank deposits continues, leading to a decline in the popularity of large-denomination certificates of deposit, which are expected to enter the "1 era" [2] Policy Developments - The National Development and Reform Commission announced that the Private Economy Promotion Law will officially take effect on May 20, aiming to address issues of competition and promote healthy industrial development [2] - The loan market quotation rate (LPR) for May shows a decrease in the 5-year LPR to 3.5% from 3.6% last month, and the 1-year LPR decreased to 3% from 3.1% [2] Fiscal Performance - From January to April, the national general public budget revenue was 80,616 billion yuan, a year-on-year decrease of 0.4%, with tax revenue down by 2.1% and non-tax revenue up by 7.7% [2] Infrastructure and Urban Development - The Ministry of Housing and Urban-Rural Development plans to accelerate the construction of new urban infrastructure, utilizing information and digital technology to enhance smart infrastructure levels [3] Import Trends - In April, China's gold imports reached 127.5 tons, a significant increase of 73% month-on-month, marking the highest level in 11 months [3] Fund Management Adjustments - Nearly 80 public funds have adjusted their performance benchmarks this year to better reflect risk-return characteristics and improve comparability with performance benchmarks [3] Stock Market Performance - A-shares experienced a rise, with the Shanghai Composite Index up by 0.38% and the Shenzhen Component Index up by 0.77%, while the market turnover reached 1.21 trillion yuan [4] Hong Kong Market Activity - The Hang Seng Index closed up by 1.49%, with significant gains in biotechnology stocks, particularly a 32% increase in a pharmaceutical company following a major collaboration [4] New Listings - CATL's H-shares were listed on the Hong Kong Stock Exchange, with an initial increase of over 16% on the first trading day [5] Technology Developments - Xiaomi announced the mass production of its self-developed 3nm flagship chip, which will be featured in its upcoming high-end products [6] Company Performance - Bilibili reported a 24% year-on-year revenue increase to 7.003 billion yuan in Q1, with a significant growth in its gaming business [6] - Pony.ai's Q1 revenue grew by 12% to 102 million yuan, with a remarkable 200% increase in Robotaxi business revenue [6]