Zheng Quan Shi Bao·2025-06-29 10:28Group 1: Monetary Policy and Economic Support - The People's Bank of China emphasized the need to implement incremental policies to stimulate economic recovery and support technology innovation and consumption [1] - The meeting highlighted the importance of financing support in key areas such as "two new" and "two heavy" sectors, and maintaining capital market stability through various financial instruments [1] Group 2: Trade Relations and Tariffs - The Chinese Ministry of Commerce condemned the unilateral imposition of "reciprocal tariffs" by the U.S., asserting that it undermines multilateral trade systems [2] - The U.S. has indicated it may set tariffs unilaterally on countries that do not reach trade agreements by July 9, which China firmly opposes [2] Group 3: Corporate Developments - The China Securities Regulatory Commission announced severe penalties for Nanjing Yuebo Power System Co., Ltd. for information disclosure violations, indicating a crackdown on corporate misconduct [5] - Xiaomi responded to media reports regarding a fire incident involving its YU7 Max vehicle, clarifying that the incident was due to high temperatures during testing and did not affect the vehicle's braking system [13] Group 4: Market Adjustments - The Shanghai and Shenzhen stock exchanges proposed to adjust the price fluctuation limits for risk-warning stocks from 5% to 10%, which is currently in the feedback stage [6][7] - The Hong Kong Stock Exchange announced an increase in transaction fees from 0.002% to 0.0042%, affecting trading costs for mainland investors [9] Group 5: Investment Insights - Analysts from Everbright Securities expect the market index to remain volatile, with a focus on domestic consumption and the impact of U.S. policies [18] - Dongwu Securities predicts a significant possibility for the index to surpass last year's high, with a focus on growth stocks in sectors like AI and commercial aerospace [19]