周末，大消息不断！

Macro News - Guangzhou has announced a plan to optimize real estate policies by fully canceling purchase restrictions, sales restrictions, and price limits, while also lowering down payment ratios and interest rates to stimulate housing consumption [2] - Starting from November 2025, Chinese passport holders with valid Australian visas will be able to enter New Zealand without a visa for up to three months [3] Financial Sector - The People's Bank of China will conduct a 400 billion yuan reverse repurchase operation on June 16, 2025, with a term of six months to maintain ample liquidity in the banking system [7] - As of the end of May, the broad money supply (M2) in China stood at 325.78 trillion yuan, reflecting a year-on-year growth of 7.9% [8] - The China Securities Regulatory Commission has imposed fines totaling nearly 77 million yuan on Xu Wenbin for manipulating stock prices [9] Industry and Company - Volcano Engine has upgraded its "Doubao" service, reducing usage costs to one-third through "interval pricing," aiming to accelerate the large-scale application of intelligent agents [10] - GAC Group has committed to ensuring the completion of dealer rebate payments within two months to support the healthy development of the automotive industry [11] - Kweichow Moutai has adjusted its 2024 profit distribution plan, increasing the cash dividend per share to 27.673 yuan, totaling 34.671 billion yuan [12] Upcoming Events - This week, new stocks include Guangxin Technology with a subscription code of 920037 and a price of 10 yuan per share, with a subscription limit of 950,000 shares [13] - Xintong Electronics has a subscription code of 001388, with a subscription limit of 12,000 shares [14] - Over 450 billion yuan worth of A-shares will be unlocked this week, with 48 stocks facing unlocks totaling 2.914 billion shares [16] Institutional Strategies - Huatai Securities reports that the escalation of the Israel-Iran conflict has led to high volatility in oil prices, with WTI and Brent crude oil futures prices rising by 16.7% and 14.9% respectively since the beginning of June [18] - CITIC Securities notes that liquidity in the Hong Kong stock market continues to improve, presenting good opportunities for increasing positions amid potential overseas fluctuations [19]