研究所日报-20250509

Group 1 - The implementation of the Private Economy Promotion Law is set to begin on May 20, 2025, which aims to support the healthy development of the private economy in China through measures related to investment financing, technological innovation, service guarantees, and rights protection [2] - The trade agreement between the United States and the United Kingdom includes concessions on U.S. tariffs on British cars and a reduction in U.K. tariffs on U.S. agricultural products, which is expected to lower global trade uncertainties [2] - Tianjin has introduced a computing power voucher policy to support the purchase of intelligent computing or supercomputing services, providing a subsidy of 10% of the contract amount, with a cap of 2 million yuan per enterprise annually, which is anticipated to accelerate regional computing infrastructure development [3] Group 2 - In April, the retail sales of passenger cars in China reached 1.791 million units, a year-on-year increase of 17%, indicating stable growth driven by vehicle replacement policies, which may boost demand for automotive parts [3] - Huawei's launch of the Harmony OS PC is part of its strategy to create a fully interconnected ecosystem, which could reshape the global operating system market as the Harmony ecosystem continues to evolve [3] - OpenAI plans to expand its $500 billion U.S. data center project "Star Gate" overseas, aiming to enhance AI infrastructure, driven by high demand for computing power and increased capital expenditures from domestic and international internet companies [4] Group 3 - The A-share market has a total market capitalization of 87.17 trillion yuan, with a year-to-date increase of 1.31 trillion yuan, and a price-to-earnings ratio (PE) of 19.00x [13] - The top three performing sectors are defense and military, automotive, and electric power equipment, indicating strong sectoral performance [17] - The net inflow of funds on a particular day was highest in the communication, banking, and defense sectors, reflecting investor interest in these areas [19]