本周操盘攻略：基本面拐点或已经出现

Market News - The People's Bank of China announced a 0.5 percentage point reduction in the reserve requirement ratio for financial institutions starting May 15, with a 5 percentage point reduction for auto finance and leasing companies [2] - The China Securities Regulatory Commission released an action plan to promote the high-quality development of public funds, focusing on optimizing fee structures and enhancing performance evaluation mechanisms [2] - The 2025 World Robot Conference will be held in Beijing from August 8 to August 12, inviting leading domestic companies and international firms like Tesla [2] Sector Updates Real Estate - Major cities including Beijing, Shanghai, Guangzhou, and Shenzhen have announced reductions in housing provident fund loan rates [6] Automotive - The automotive industry is experiencing reduced competitive pressure and a market recovery, with fewer price cuts on vehicles due to enhanced promotional subsidies for scrapping old cars [7] Company News - Huawei introduced the "Harmony Computer" powered by the Harmony operating system, marking a significant breakthrough in the PC sector with over 2,700 core patents [9] - Xiaomi has rebranded its driving assistance features, changing "Xiaomi Intelligent Driving" to "Xiaomi Assisted Driving" [9] - Alibaba has begun reducing its stakes in two brokerage firms, having sold shares in China International Capital Corporation and Huatai Securities [10] - Contemporary Amperex Technology Co., Ltd. plans to raise at least $4 billion through a Hong Kong IPO, potentially reaching $5.3 billion with an overallotment option [10] - Semiconductor Manufacturing International Corporation reported Q1 revenue of 16.301 billion yuan, a 29.44% year-on-year increase, with a net profit of 1.356 billion yuan, up 166.5% [10] Stock Unlocking - A total of 28 companies will have their locked shares unlocked this week, amounting to 1.066 billion shares with a total market value of 18.63 billion yuan [13] - The highest unlocking values are from Guojin Securities (4.166 billion yuan), Qiangrui Technology (3.243 billion yuan), and Jiangsu Huachen (2.644 billion yuan) [14] New Stock Calendar - No new stock subscriptions are available in the Shanghai and Shenzhen markets this week, but Tian Gong Co., Ltd. will be listed on the Beijing Stock Exchange on May 13 [17] Economic Insights - Dongwu Securities suggests that A-shares currently offer attractive value from a global liquidity perspective, especially as non-US assets have been under pressure [19] - Zhongtai Securities indicates that after the Q1 earnings reports, the market may focus on sectors with growth potential, particularly in emerging growth areas [20]