Xin Da Guo Ji Kong Gu·2025-06-17 02:32Market Overview - The Hang Seng Index is constrained by the March high of 24,874 points, with expectations of new financial policies from mainland China to stabilize the market, including reserve requirement ratio cuts and interest rate reductions [2] - The recent US-China trade negotiations have led to a temporary reduction in tariffs, with the US reducing tariffs on Chinese imports from 145% to 30%, and China reducing tariffs on US imports from 125% to 10% for a 90-day period [2] - The Hang Seng Index's valuation has returned to a reasonable level, requiring significant positive developments in trade agreements and corporate earnings improvements to maintain upward momentum [2] Sector Focus - The focus is on US retail sales and Hong Kong's unemployment rate for May [3] - Chinese financial stocks are expected to perform well as mainland companies accelerate listings in Hong Kong [7] - Gold mining stocks are gaining attention due to ongoing geopolitical tensions and central banks increasing gold reserves [7] Economic Indicators - China's May retail sales exceeded expectations, with a year-on-year growth of 6.4%, while industrial output and fixed asset investment fell short of expectations [9] - The average urban unemployment rate in China for May was reported at 5.0%, a slight decrease from the previous month [9] - The first five months of 2025 saw a 3.8% year-on-year decline in new residential property sales in China [9] Corporate News - Companies such as Cao Cao Travel are initiating IPOs, aiming to raise up to 1.85 billion yuan [7] - Haidilao is reportedly setting a price limit for its shares, while other companies are planning to list in Hong Kong [7] - The Hong Kong International Airport reported a 20% increase in passenger traffic in May, driven by a rise in transit and inbound travelers [10]