Wind万得·2025-05-18 22:35Economic Data - China's April economic indicators show a "stable volume and weak price" state, with exports expected to remain resilient due to U.S. import competition, while consumption benefits from "old-for-new" policies [2] - The latest LPR will be announced on May 20, with April's rates at 3.1% for 1-year and 3.6% for 5-year loans. A policy rate cut is expected to lower LPR by approximately 0.1 percentage points [3][4] - The People's Bank of China has 4,860 billion yuan in reverse repos maturing this week, with specific amounts maturing each day [4] Industry Events - Huawei is set to launch the nova14 series and HarmonyOS computers on May 19 [8] - The 2025 Industrial Internet Conference will be held in Suzhou from May 21 to 23, alongside the 9th World Drone Conference in Shenzhen from May 23 to 25 [9] - NVIDIA is releasing the GeForce RTX 5060 graphics card, which features a 25% increase in core count and a 65% improvement in memory bandwidth compared to the previous generation [11] Corporate Developments - CATL will begin trading on the Hong Kong Stock Exchange on May 20, aiming to raise $4-5 billion, potentially making it the largest IPO in Hong Kong in four years [15] - Binhai Energy plans to acquire 100% of Cangzhou Xuyang Chemical through a share issuance, marking a significant asset restructuring [16] - Jianghan New Materials announced a share buyback plan of 200-400 million yuan, with a maximum price of 30 yuan per share [17] - Chengxing Co. will transfer 16.01% of its shares to Jiangyin Lianying for 511 million yuan [18] - Several companies, including ST Muyu and ST Zhongtai, will remove risk warnings and change their stock names starting May 20 [19][20][21][22] Market Trends - This week, 37 companies will have their restricted shares released, totaling 1.897 billion shares with a market value of 30.62 billion yuan [24] - The peak of share unlocks will occur on May 19, with 14 companies releasing shares worth a total of 14.736 billion yuan [24] New Stock Calendar - Two new stocks are set to be issued this week, raising approximately 5.564 billion yuan, with listings for Tai Li Technology and Weigao Blood Purification on May 19 [28] Institutional Insights - Dongwu Securities notes that the revised major asset restructuring management measures will enhance market vitality and increase M&A projects [30] - Wanlian Securities highlights that NVIDIA's export adjustments may allow domestic AI chip manufacturers to capture more market share [31] - Bohai Securities suggests a structural layout approach as the market stabilizes, focusing on high-quality development [32]