A股重磅新规，明日实施！

Macro News - The Ministry of Finance reported that from January to May, the national general public budget revenue was 96,623 billion yuan, a year-on-year decrease of 0.3% [2] - Tax revenue was 79,156 billion yuan, down 1.6% year-on-year, while non-tax revenue increased by 6.2% to 17,467 billion yuan [2] - Central government revenue was 41,486 billion yuan, down 3% year-on-year, while local government revenue increased by 1.9% to 55,137 billion yuan [2] Industry and Company - *ST Jinguang received a decision to terminate its stock listing, with the last trading date expected to be July 18, 2025 [8] - The National Medical Products Administration announced measures to support the innovation and development of high-end medical devices, including optimizing special approval procedures and enhancing post-market supervision [11] - The State Administration for Market Regulation will conduct national supervision and sampling inspections on 164 products this year, with a focus on children's products and emerging industries [12] - The EU-China Chamber of Commerce opposed the European Commission's decision to exclude Chinese companies from participating in public procurement for medical devices [13] Financial and Securities - China Galaxy Securities predicts that the A-share market will show a fluctuating upward trend in the second half of the year, supported by policy measures and long-term capital inflows [20] - CITIC Securities highlights the growth of domestic beauty brands in the high-end market, suggesting a focus on companies with strong management and operational capabilities [21] Upcoming Events - This week, 59 companies will have their restricted shares released, totaling 5.364 billion shares with a market value of 583.21 billion yuan [16] - The top three companies by market value of released shares are: China Railway Construction Heavy Industry (15.229 billion yuan), Longxin Technology (14.655 billion yuan), and Hendi Pharmaceutical (3.627 billion yuan) [17]