Xin Yong An Guo Ji Zheng Quan·2025-05-12 02:10Economic Indicators - China's CPI for April shows a year-on-year decline of 0.1%, marking the third consecutive month of deflation[12] - The PPI for April decreased by 2.7% year-on-year, continuing a 31-month trend of factory deflation[12] - China's trade balance for April was $96.18 billion, with exports increasing by 8.1% and imports decreasing by 0.2% year-on-year[17] Market Performance - The Shanghai Composite Index fell by 0.3% to 3342 points, while the Shenzhen Component dropped by 0.69%[1] - The Hang Seng Index rose by 0.4% to 22867.74 points, with the Hang Seng Tech Index declining by 0.93%[1] - The total market turnover in Hong Kong decreased to 1616.286 billion HKD[1] Trade Negotiations - The US and China reported "substantial progress" in trade negotiations held in Geneva, with a joint statement expected to be released[12] - Both parties agreed to establish a trade consultation mechanism to address economic concerns[12] Corporate Developments - CATL plans to raise approximately 30.7179 billion HKD through an IPO, with 90% of the funds allocated for projects in Hungary[10] - China Overseas Land & Investment reported a 7.5% year-on-year decline in property sales for April, totaling approximately 201.64 billion RMB[14]