新华财经早报：6月27日

Domestic News - The National Financial Regulatory Administration and the People's Bank of China issued a document outlining the requirements for the development of inclusive finance in the banking and insurance sectors over the next five years, emphasizing a multi-level, widely covered, and differentiated inclusive financial institution system [2] - The State Council issued an implementation plan for improving the credit repair system, focusing on ten aspects to standardize the process, including unifying credit information platforms and simplifying application materials [3] - The National Development and Reform Commission announced that it will allocate funds for the third batch of consumer goods replacement programs in July, ensuring the orderly implementation of the policy throughout the year [3] - Honor Terminal Co., Ltd. has received approval for its IPO guidance from the Shenzhen Securities Regulatory Bureau, potentially becoming the first AI terminal ecosystem company listed on the A-share market [4] - Alibaba reported a revenue of 996.347 billion yuan for the 2025 fiscal year, with a net profit increase of 77% to 125.976 billion yuan, and significant growth in its cloud services [4] - Xiaomi launched its first SUV, the YU7, with prices ranging from 253,500 yuan to 329,900 yuan, achieving over 289,000 pre-orders within the first hour of sales [4] International News - The U.S. Commerce Department reported a 0.5% contraction in GDP for Q1 2025, worse than previous estimates, while core PCE price index showed a final value of 3.5% [5] - The dollar index fell to a three-year low due to various factors, with the euro rising to its highest level since September 2021 [5] - The European Council emphasized the need to significantly increase defense and security spending, aiming for 5% of GDP by 2035 [5] - A report indicated that over a quarter of Dutch investors have reduced their holdings in U.S. stocks due to concerns over U.S. government policies [5]