Wind风控日报 | 涉投行业务违规，多家券商遭监管警示

Macro Insights - The Ministry of Commerce of China criticized the U.S. for its unilateral export control measures on chip products, claiming it harms Chinese companies' legitimate rights and threatens global semiconductor supply chain stability [3] - The National Bureau of Statistics reported that from January to April, national real estate development investment reached 27,730 billion yuan, a year-on-year decrease of 10.3% [21] Debt Market Alerts - Guangzhou R&F Properties announced an extension of the deadline for its offshore debt restructuring to July 31, 2025, indicating that the restructuring is not expected to significantly impact its normal operations or domestic bond repayment capacity [5] Stock Market Alerts - Jinlong Co. decided to terminate the major asset restructuring plan to sell its stake in Zhongshan Securities to avoid potential issues with having primarily cash or no specific business operations [8] - Leshan Electric Power expects a reduction of approximately 8.5 million yuan in its electricity business revenue for 2025 due to adjustments in the time-of-use electricity pricing mechanism [8] - Lier Chemical announced that its controlling shareholder, Jiuyuan Group, may undergo changes in its shareholding structure due to adjustments in its equity reform plan [9] - The Zhejiang Securities Regulatory Bureau issued a warning letter to Zheshang Zhongtuo Group for failing to properly account for credit risk changes and irregularities in financial reporting [9] - The Shenzhen Stock Exchange issued a regulatory letter to Fenda Technology regarding issues related to its governance structure and information disclosure [9] Industry Alerts - China's container ship export volume in April was 21 vessels, a year-on-year decrease of 38.2%, with a total of 63 vessels exported from January to April, down 41.1% [22] - The photovoltaic industry is facing significant losses, with around 80% of listed companies in the sector reporting profit declines and 40% facing losses in 2024 [23] - The shipbuilding industry saw a completion volume of 15.32 million deadweight tons from January to April, a year-on-year decrease of 8.4% [24]