万联晨会-20250616

Core Insights - The A-share market experienced a decline on Friday, with the Shanghai Composite Index falling by 0.75%, the Shenzhen Component Index down by 1.1%, and the ChiNext Index decreasing by 1.13%. The total market turnover reached 15,039 billion yuan, an increase of 2,000 billion yuan compared to the previous day, with over 4,400 stocks declining. Sectors such as oil and gas, precious metals, nuclear pollution prevention, and military industries saw gains, while the consumer sector faced losses [3][7]. Important News - The People's Bank of China released financial data for May 2025. As of the end of May, the broad money supply (M2) stood at 325.78 trillion yuan, reflecting a year-on-year growth of 7.9%. The narrow money supply (M1) was 108.91 trillion yuan, up by 2.3% year-on-year. The currency in circulation (M0) amounted to 13.13 trillion yuan, with a year-on-year increase of 12.1%. In the first five months, a net cash injection of 306.4 billion yuan was recorded, and the cumulative increase in social financing for the same period reached 18.63 trillion yuan, which is 3.83 trillion yuan more than the same period last year [4][8].