Market Overview - On April 29, A-shares experienced slight declines, with the Shanghai Composite Index down 0.05%, the Shenzhen Component Index down 0.05%, and the ChiNext Index down 0.13%. The Northbound 50 Index, however, rose by 1.24% [2][3] - The total market turnover was 1,041.7 billion yuan, a decrease of 35 billion yuan from the previous day, with over 3,500 stocks rising [2] Sector Performance - The sectors that saw the highest gains included PEEK materials, beauty care, chemical products, humanoid robots, and agricultural machinery [2] - Conversely, the sectors that experienced the largest declines were electricity, insurance, liquor, port shipping, controllable nuclear fusion, and coal [2] International Market - In the U.S., major stock indices rose on April 29, with the Dow Jones Industrial Average increasing by 300.03 points (0.75%) to close at 40,527.62 points, the S&P 500 up by 32.08 points (0.58%) to 5,560.83 points, and the Nasdaq Composite up by 95.18 points (0.55%) to 17,461.32 points [4][6] - European markets showed mixed results, with the UK FTSE 100 rising by 46.12 points (0.55%) to 8,463.46 points, while the French CAC 40 fell by 17.89 points (0.24%) to 7,555.87 points, and the German DAX rose by 154.16 points (0.69%) to 22,425.83 points [4] Commodity Prices - International oil prices fell on April 29, with WTI crude oil down by $1.63 to $60.42 per barrel (a decrease of 2.63%) and Brent crude down by $1.61 to $64.25 per barrel (a decrease of 2.44%) [4][5] Key Developments - The Hong Kong Stock Exchange and the Hong Kong Securities and Futures Commission are preparing to assist Chinese companies wishing to return to the Hong Kong market, with specific measures to be adjusted based on actual needs [7] - The National Development and Reform Commission and the National Energy Administration have issued rules to relax market price limits in regions with continuous electricity spot market operations [8] - Hainan Province is increasing support for traditional Chinese medicine research and innovation, aiming to promote the development of the pharmaceutical industry [9] - The first "Artificial Intelligence Meteorological Application Service Measures" was released, aiming to promote and regulate the healthy development of AI in meteorology [11] - The National Data Bureau is pushing for market-oriented data element allocation reforms and the synchronization of "AI+" actions [12] - Beijing has released an action plan for blockchain innovation applications, aiming for significant advancements in core technologies by 2027 [14] - Xinhua Insurance announced plans to invest up to 10 billion yuan in a private fund focused on A500 index constituent stocks [15] Industry Insights - The engineering machinery sector is expected to see continued recovery, with strong domestic and export sales reported [16] - The banking sector is viewed positively due to macro policy support and improving fundamentals, despite short-term pressure on interest margins [16] Fund Flow - The automotive parts sector saw a net inflow of 1.273 billion yuan, while the electricity sector experienced a net outflow of 2.289 billion yuan [18] - Among individual stocks, Liou Co. saw a significant net inflow of 8.81 billion yuan, while BYD experienced a net outflow of 4.07 billion yuan [19]

Group 1 - Boeing has returned three Boeing 737 Max aircraft intended for Chinese airlines, stating that China has stopped accepting Boeing passenger planes. The Chinese Ministry of Commerce expressed willingness to support normal business cooperation between the two countries and urged the U.S. to create a stable and predictable environment for trade and investment activities [1] - The National Development and Reform Commission has issued the second batch of 81 billion yuan in ultra-long-term special government bonds this year, continuing to support the replacement of consumer goods [1] - The head of the National Bureau of Statistics announced at the 8th Digital China Construction Summit that efforts will be made to promote the marketization and valuation of data elements, and to refine the "three rights separation" scheme for data property rights [1] Group 2 - The Ministry of Natural Resources reported that the preliminary calculation of the marine production value in the first quarter was 2.5 trillion yuan, with a year-on-year growth of 5.7%, which is 0.3 percentage points higher than the GDP growth rate [1] - The National Bureau of Statistics released data indicating that cultural enterprises achieved operating income of 339.39 billion yuan in the first quarter, representing a year-on-year growth of 6.2% on a comparable basis [1] - Preliminary results show that the Liberal Party led by Carney won the federal House of Commons election in Canada on the 28th [1] Group 3 - The market experienced narrow fluctuations in early trading, with the three major indices showing mixed results. The Shanghai and Shenzhen markets had a half-day trading volume of 645.7 billion yuan, a decrease of 70.1 billion yuan compared to the previous trading day. By the close, the Shanghai Composite Index fell by 0.03%, while the Shenzhen Component Index rose by 0.09%, and the ChiNext Index increased by 0.05%. In Hong Kong, the Hang Seng Index rose by 0.12%, and the Hang Seng Tech Index increased by 0.81% [2]

Core Viewpoint - The Director of the National Data Bureau, Liu Liehong, emphasized the importance of promoting the marketization and valuation of data elements, as well as refining the "three rights separation" scheme for data property rights [1] Group 1: Market Development - The initiative aims to accelerate the cultivation of a unified national data market [1] - There is a focus on constructing a standard system for data circulation and transaction [1] Group 2: Regulatory Framework - The plan includes detailing circulation and transaction rules for data [1] - The promotion of standard demonstration contracts for data circulation and transactions is also highlighted [1]

Group 1 - The eighth Digital China Construction Summit was held from April 29 to 30 in Fuzhou, Fujian, focusing on "Digital China: New Chapters in 25 Years of Progress - Intelligent Leadership for High-Quality Development" [1] - The summit featured a 56,000 square meter experience area, including an opening ceremony, a main forum, and around 20 sub-forums aimed at discussing the marketization and value realization of data elements to better serve the real economy [1][3] - Over 400 participating units were present, with more than 75% being enterprises, showcasing over 100 interactive experience projects and more than 30 physical models [3] Group 2 - A variety of innovative products were launched at the summit, including the first-ever trusted data space product by Ant Group, which provides high-performance, low-cost, and secure data integration and processing solutions [2] - The summit is expected to release over 10 influential policy documents and typical case studies, including the "Digital China Development Indicator System" and the "Digital China Development Report (2024)" [4] - The previous seven summits facilitated over 3,000 digital economy projects in Fujian, with total investments exceeding 1.8 trillion yuan, significantly boosting the digital economy in Fuzhou from 280 billion yuan in 2018 to 790 billion yuan in 2024, averaging nearly 20% annual growth [4]

Core Points - The National Bureau of Statistics has released the "2025 Work Points for Building a Data Foundation System" to implement the "Data Twenty Articles" policy [1][2] - The work points focus on establishing a data property rights system, improving data circulation and trading systems, and promoting fair distribution of data benefits [1][2] Group 1: Data Property Rights System - The establishment of a data property rights system aims to accelerate the progress of data rights construction, ensuring the authorization of public, enterprise, and personal data usage [1] - The initiative includes conducting foundational system trials through data element comprehensive pilot zones and participating in the formulation of international rules in the data property rights field [1] Group 2: Data Circulation and Trading System - The work points emphasize the need to improve the data market rule system and develop standard demonstration contracts for data circulation and trading [1] - Policies will be introduced to encourage various entities to expand data demand and strengthen data supply, supporting the cultivation of diverse data market participants [1] Group 3: Data Benefit Distribution System - The focus is on promoting the marketization and valuation of data, establishing a public data pricing management system, and creating a fair market environment [1] Group 4: Data Governance System - The initiative aims to implement a comprehensive data circulation security governance system, supporting innovation in data circulation security technology applications [2] - The National Bureau of Statistics will collaborate with relevant units to ensure the effective implementation of these tasks, addressing key issues in data supply, circulation, utilization, and security [2]