

Macro Dynamics - The Ministry of Commerce will expedite the review of export license applications related to rare earths, emphasizing the importance of maintaining global supply chain stability and security [1] Financial Institutions - Xinda Securities has received approval from the China Securities Regulatory Commission to issue a total of up to 100 billion yuan in corporate bonds, including 39 billion yuan in perpetual subordinated bonds [6] - The Hebei Financial Regulatory Bureau has approved Cangzhou Bank to increase its registered capital from 8.15 billion yuan to 8.963 billion yuan [8] Market Data - The three major indices experienced declines, with the Shanghai Composite Index down 0.79%, Shenzhen Component down 1.21%, and ChiNext Index down 1.36%. The total market turnover was nearly 1.3 trillion yuan, with over 4,600 stocks declining [9] - The margin balance of the two markets increased by 13.25 billion yuan, reaching a total of 18,111.88 billion yuan [10] - The Hong Kong Hang Seng Index fell by 1.99%, with significant declines in the tobacco and consumer electronics sectors [11] Company Dynamics - Yushu Technology has confirmed the completion of its C round financing, led by funds from China Mobile, Tencent, and other major investors [12] - Luzhou Laojiao is planning to promote multiple key projects integrating liquor and tourism, focusing on creating a consumption scene cluster [13] - Shandong Gold's subsidiary, Shanjin International, plans to issue H-shares and list on the Hong Kong Stock Exchange [14]