分红派息步入实施高峰季｜财富周历 动态前瞻

A-share Market - In 2024, the annual cash dividend distribution is reaching its peak, with many companies distributing cash dividends totaling nearly 800 billion yuan, which accounts for over half of the 2024 net profit attributable to shareholders [2] - Konggang Co. announced plans to sell 80% of its subsidiary Tianyuan Construction to its controlling shareholder for cash, which is expected to constitute a significant asset restructuring [2] - A new trend in stock buybacks has emerged, with some companies engaging in large-scale buybacks during the delisting period, and many actively implementing previously announced buyback plans [2] - One year after the release of eight measures to deepen the reform of the Sci-Tech Innovation Board, regulatory authorities have enhanced the inclusiveness and precision of the system for unprofitable tech companies [2] - Five insurance asset management companies reported a combined operating income of approximately 2.6 billion yuan in Q1 2025, a year-on-year increase of nearly 8%, and a net profit of about 1.1 billion yuan, up approximately 23% [2] Financial Management - On June 19, the Shenzhen Stock Exchange held a meeting to discuss the high-quality development of the bond ETF market, focusing on institutional mechanisms, product optimization, and service quality [3] - As of June 19, the cumulative issuance of Sci-Tech Innovation Bonds reached 889.35 billion yuan, with 222 issuers launching 299 bonds since May 7, totaling 501.48 billion yuan [3] - In May, banks settled foreign exchange transactions amounting to 192.7 billion USD and sold 181.4 billion USD, with cumulative settlements of 935.6 billion USD and sales of 986.2 billion USD in the first five months of the year [3] - As of June 16, 99% of bond funds achieved positive returns for the month, with over 75% of products reaching historical net asset value highs [3] Monetary Policy - The People's Bank of China announced a 400 billion yuan reverse repurchase operation to maintain liquidity in the banking system, using a fixed quantity and multi-price bidding method for a six-month term [4] Foreign Exchange Management - The State Administration of Foreign Exchange released a draft notice on deepening cross-border investment and financing foreign exchange management reforms, involving nine specific policies to be implemented nationwide [5] - The People's Bank of China and the Central Bank of Turkey renewed a bilateral currency swap agreement worth 35 billion yuan, effective for three years [5] Economic Indicators - In May, the industrial added value of large-scale enterprises increased by 5.8% year-on-year, while retail sales of consumer goods rose by 6.4% [6] - The sales prices of new residential properties in 70 large and medium-sized cities showed a month-on-month decline, with the year-on-year decline narrowing for first, second, and third-tier cities [7]