

Market Performance - On June 6, 2025, A-shares showed mixed performance with a slight increase of 0.04%, closing at 3,385.36 points, marking a "four consecutive rises" with a weekly gain exceeding 1% [2] - The Shenzhen Component Index fell by 0.19% to 10,183.7 points, while the ChiNext Index decreased by 0.45% to 2,039.44 points; the North Stock 50 dropped by 0.53% [2] - Hong Kong's three major indices collectively declined, with the Hang Seng Index down 0.48% to 23,792.54 points, and a total trading volume of HKD 2,356.22 million; the Hang Seng China Enterprises Index and Hang Seng Tech Index both fell by 0.63% [2] - In the US market, the Dow Jones increased by 1.05% to 42,762.87 points, the S&P 500 rose by 1.03% to 6,000.36 points, and the Nasdaq gained 1.20% to 19,529.95 points [2] Foreign Exchange Reserves - As of the end of May 2025, China's foreign exchange reserves stood at USD 32,853 billion, an increase of USD 36 billion from the end of April, reflecting a growth rate of 0.11% [3] - The rise in reserves was influenced by fiscal and monetary policies of major economies and economic growth prospects, alongside fluctuations in exchange rates and asset prices [3] - The stability of foreign exchange reserves is supported by the continuous recovery and improvement in the quality of China's economy [3] Corporate Governance and Market Management - The Shanghai Stock Exchange (SSE) is promoting increased dividend payouts by listed companies and encouraging the use of buybacks, mergers and acquisitions, and investor communication as tools for market value management [3] - The SSE emphasizes the ongoing improvement of the capital market system, structure, and institutional mechanisms, reinforcing confidence in Chinese assets [3] - Future initiatives will include enhancing the dividend index product system to meet diverse market investment needs and fostering positive interactions between long-term capital and quality equity assets [3]