Market Overview - On June 4, 2025, A-shares opened higher with all three major indices rising, closing with the Shanghai Composite Index up 0.42% at 3,376.2 points, the Sci-Tech 50 Index up 0.45% at 986.11 points, the Shenzhen Component Index up 0.87% at 10,144.58 points, and the ChiNext Index up 1.11% at 2,024.93 points. The total trading volume in the Shanghai and Shenzhen markets was 11,530 billion yuan, an increase of 116 billion yuan from the previous trading day [1] - Hong Kong stocks continued to rise, with the Hang Seng Index up 0.6% or 141.54 points, closing at 23,654.03 points, with a total trading volume of 2,126.87 billion HKD. The Hang Seng China Enterprises Index rose 0.67% to 8,576.75 points, and the Hang Seng Tech Index increased by 0.57% to 5,219.02 points [1] - In the US market, the three major indices closed mixed, with the Dow Jones Index down 0.22% at 42,427.74 points, the S&P 500 Index up 0.01% at 5,970.81 points, and the Nasdaq Index up 0.32% at 19,460.49 points [1] New Stock Listings - Two new stocks were listed today: - Youyou Green Energy, with a stock code of 301590, issued at 89.6 yuan per share and a price-to-earnings ratio of 15.37 times. The company specializes in EV full-scene direct current fast charging solutions and core charging components [3] - Zhongce Rubber, with a stock code of 603049, issued at 46.5 yuan per share and a price-to-earnings ratio of 12.24 times. It is one of the largest tire manufacturers in terms of sales, focusing on the research, production, and sales of various tire products [3] Industry Developments - The Ministry of Industry and Information Technology (MIIT) held a meeting to discuss the promotion of artificial intelligence (AI) industry development and its empowerment of new industrialization. The meeting emphasized the need for systematic planning and collaboration to create a favorable ecosystem for AI development, enhance innovation, and improve the intelligence level of key products [4][5] - The National Energy Administration is conducting pilot projects for new power system construction, focusing on integrating data center green electricity demand with renewable energy resources. This initiative aims to improve energy efficiency and explore new supply models for green electricity [6][9] - The Hong Kong Securities and Futures Commission is considering introducing virtual asset derivatives trading for professional investors, aiming to enhance market product options while ensuring orderly and transparent trading [7] - A new national standard project for "Intelligent Connected Vehicles - Safety Requirements for Combined Driving Assistance Systems" has been proposed, with a project cycle of 22 months, indicating a focus on enhancing safety standards in the automotive industry [8]