新华财经晚报：光伏三季度“减产令”升级

Domestic News - The China Banking and Insurance Regulatory Commission issued a document to life insurance companies, stating that the level of dividends for participating insurance must not engage in "involution" competition, requiring companies to justify the necessity, rationality, and sustainability of proposed dividend levels [1] - The China Photovoltaic Industry Association indicated that the industry will face greater production cuts in Q3, with operating rates expected to decrease by 10%-15% compared to the previous quarter. A special audit team will investigate low-cost sales practices, and companies found violating regulations will face various measures [2] - The Beijing Municipal Committee of Propaganda and other departments issued a notice to promote the high-quality development of the gaming and esports industry, focusing on improving review quality and efficiency, and reducing review cycles for domestic network games [2] International News - The U.S. Federal Reserve maintained the federal funds rate at its current level for the fourth consecutive time, amid unclear impacts of tariffs on inflation, while raising inflation expectations for 2025-2027 [4] - Russian President Putin announced that negotiation teams from Russia and Ukraine are preparing for talks after June 22, aiming to find a long-term solution to the Ukraine crisis [4] Market Overview - The Shanghai Composite Index decreased by 0.79% to 3362.11, while the Shenzhen Component Index fell by 1.21% to 10051.97. The Hang Seng Index dropped by 1.99% to 23237.74 [6]