Group 1: Gold Market - Trump's attendance at the U.S. Congress discussion on comprehensive tax legislation highlights significant internal divisions within the Republican Party regarding government spending, green tax policies, and social safety net projects [2] - If the tax bill is successfully passed, it may lead to a decrease in the likelihood of Federal Reserve interest rate cuts, which would be unfavorable for gold and beneficial for the repatriation of profits by overseas companies [2] - The rising pressure of U.S. debt is weakening investor confidence in the dollar, posing a threat to its credibility [2] - Technical analysis indicates that gold has not been able to break through the resistance at $3,250, maintaining a wide trading range between $3,120 and $3,250 [2] Group 2: Oil Market - OPEC+ announced an increase in production by 414,000 barrels per day starting in June, leading Wall Street to lower oil price forecasts [4] - Morgan Stanley predicts an oversupply of 1.1 million barrels per day in the second half of the year, while Goldman Sachs notes increased downward pressure on oil prices due to high OPEC+ production capacity and recession risks [4] - ING's commodity head suggests that OPEC+'s production increase may lead to a year-long oversupply, compounded by uncertain demand due to tariff policies [4] - Federal Reserve Vice Chairman Jefferson indicated signs of weakening economic activity, with inflation data moving closer to the 2% target, and uncertainty in tariff policies potentially leading to rising inflation [4] - Technical analysis shows oil prices have struggled to break above $62.50, with a likelihood of trading within a range of $55 to $64 [4] Group 3: Copper Market - Copper has been trading in a range of $4.50 to $4.68 since last week, with the adjustment phase nearing its end [5] - There is a higher probability of an upward breakout, with resistance at $4.68 and support at $4.50 [5]

智通财经5月20日电，美国众议院议长迈克·约翰逊表示，"几乎接近"通过税收法案，有信心将完成税改 立法谈判。 ...

// 今日关注 // 1、人工智能健康发展立法渐行渐近 2、商务部新闻发言人就开展加强战略矿产出口全链条管控工作应询答记者问 3、外交部：美对华加征芬太尼关税，中方的反制措施仍然有效 4、中国结算启动一季度异常账户核查，关注异常账户是否存在配资嫌疑 5、多只跨境ETF发布溢价公告，提示关注溢价风险 // 宏观预警 // 1、人工智能健康发展立法渐行渐近 国务院办公厅日前印发《国务院2025年度立法工作计划》。《计划》明确， 今年将推进人工智能健康 发展立法工作。 近年来，我国不断加强人工智能立法，初步构建涵盖法律、行政法规、部门规章及地 方性法规等多层次和数据、算法、应用等多维度的人工智能法律法规制度框架。 2、外交部：美对华加征芬太尼关税，中方的反制措施仍然有效 外交部发言人林剑表示， 美方以芬太尼为借口，对中国无理加征两轮关税，中方均第一时间采取包括 关税和非关税措施在内的反制举措， 坚定维护自身正当权益，这些反制措施仍然有效。 1、中证鹏元：将声迅股份及"声迅转债"信用等级列入观察名单 中证鹏元资信评估股份有限公司将北京声迅电子股份有限公司主体信用等级和"声迅转债"信用等级维持 为A+，并列入信用评级观 ...

Group 1 - The State Council's 2025 legislative work plan outlines the latest developments in national legislation, emphasizing the need for comprehensive legal reform and improvement in legislative quality [1][2] - A total of 16 legal proposals and 30 administrative regulations are set to be reviewed by the National People's Congress Standing Committee in 2025, focusing on high-quality development and a high-level socialist market economy [2] - Key legislative proposals include revisions to financial laws, such as the Financial Law, Banking Supervision Law, and Securities Company Supervision Regulations, aimed at enhancing the regulatory framework for the financial sector [2][3] Group 2 - The legislative plan also addresses the need for laws related to foreign trade, intellectual property, and commercial mediation, indicating a push towards strengthening the legal framework for international business [3] - The plan includes provisions for the review and revision of existing regulations that do not align with economic and social development needs, ensuring a more unified and conducive business environment [3]

巴克莱策略师Samuel Earl：即使美国数字资产立法正在酝酿中，短期内对美国国债的额外需求也不太可 能实现。 ...

Core Points - The State Council has released the 2025 Legislative Work Plan, which includes 16 proposed laws for review by the National People's Congress Standing Committee, such as the Medical Security Law and the Food Safety Law [1][3] - The plan emphasizes the need for timely legislation to support comprehensive reforms and to modify or abolish outdated laws that do not meet current development needs [1][3] Legislative Proposals - The plan includes proposals for laws related to high-quality development and the socialist market economy, such as the National Development Planning Law and the Banking Supervision Law [3] - It also outlines the need for laws to strengthen government construction and promote lawful administration, including the People's Police Law and the Petition Law [3][4] Focus on Education and Culture - The plan proposes revisions to laws related to education and culture, including the Trademark Law and the Teacher Law, to support the strategy of building a strong socialist cultural nation [4][5] National Security and Foreign Relations - The plan includes proposals for laws aimed at enhancing national security, such as the Food Safety Law and the Prison Law, as well as laws to improve foreign legal frameworks, including the Foreign Trade Law [5] Artificial Intelligence Legislation - The plan highlights the advancement of legislation for the healthy development of artificial intelligence, building on previous legislative efforts and addressing challenges in intellectual property rights related to AI-generated works [7][8] - Experts suggest that AI legislation will balance technological innovation with social governance, clarifying responsibilities and enhancing international cooperation [9]

Group 1 - The National People's Congress (NPC) and the State Council have released their legislative work plans for 2025, with a focus on the legislative projects related to the healthy development of artificial intelligence (AI) [1] - The NPC's 2025 plan continues to list AI legislation as a preparatory review project, while the State Council emphasizes advancing AI health development legislation without including the AI law draft for review [1] - There is significant debate in academia and industry regarding the timing and necessity of specialized AI legislation, with some advocating for a gradual approach and others arguing that the time for legislation is ripe due to accumulated experience and clear institutional needs [1] Group 2 - The Cybersecurity Law has been included in the NPC's 2025 legislative plan for initial review, with a draft proposing to refine administrative penalties for violations and introduce exemptions for minor offenses [2] - The revision of the Anti-Unfair Competition Law is set to continue this year, focusing on strengthening the governance of commercial bribery and enhancing regulations against unfair competition practices [2] - The State Council's legislative plan includes preparations for the review of the Trademark Law revision and amendments to various copyright-related regulations [2] Group 3 - The State Council's legislative plan mentions the formulation of a Government Data Sharing Regulation, which aims to break down data barriers while ensuring data security and enhancing public service accessibility [3]

Group 1 - The implementation of adjusted tariffs between China and the U.S. officially began on May 14, 12:01 PM (Eastern Time) [1] - The State Council released the 2025 legislative work plan, which includes drafts for the National Development Planning Law, Financial Law, and revisions to the Bidding Law [1] - Guangzhou issued measures to promote high-quality development in pension finance, supporting eligible pension industry companies to expand direct financing channels through methods such as listing, public offerings, and bond issuance [1] Group 2 - As of the midday close, the Shanghai Composite Index rose by 0.19%, while the Shenzhen Component Index fell by 0.26%, and the ChiNext Index decreased by 0.22% [1] - The Hang Seng Index increased by 1.43%, and the Hang Seng Tech Index rose by 1.37% [1]

新华社北京5月14日电 经党中央、国务院同意，国务院办公厅日前印发《国务院2025年度立法工作计 划》（以下简称《国务院立法计划》）。 《国务院立法计划》提出，国务院2025年度立法工作的总体要求是，在以习近平同志为核心的党中央坚强 领导下，坚持以习近平新时代中国特色社会主义思想为指导，全面贯彻落实党的二十大和二十届二中、三 中全会精神，深入学习贯彻习近平法治思想，深刻领悟"两个确立"的决定性意义，增强"四个意识"、坚 定"四个自信"、做到"两个维护"，坚持党的领导、人民当家作主、依法治国有机统一，统筹推进国内法治 和涉外法治，深化立法领域改革，加强政府立法审查，坚持立改废释并举，加强重点领域、新兴领域、涉 外领域立法，提高立法质量，完善以宪法为核心的中国特色社会主义法律体系，发挥好法治的引导、推 动、规范和保障作用，为以中国式现代化全面推进强国建设、民族复兴伟业提供坚实法治保障。 《国务院立法计划》强调，认真学习贯彻党的二十届三中全会精神，坚持改革和法治相统一，突出立法重 点，以高质量立法服务保障党和国家工作大局。一是在推动高质量发展、构建高水平社会主义市场经济体 制方面，列明国家发展规划法草案、金融法草案 ...

2025.05. 14 本文字数：1030，阅读时长大约2分钟 据新华社，经党中央、国务院同意，国务院办公厅日前印发《国务院2025年度立法工作计划》（以 下简称《国务院立法计划》）。 《国务院立法计划》提出，国务院2025年度立法工作的总体要求是，在以习近平同志为核心的党中 央坚强领导下，坚持以习近平新时代中国特色社会主义思想为指导，全面贯彻落实党的二十大和二十 届二中、三中全会精神，深入学习贯彻习近平法治思想，深刻领悟"两个确立"的决定性意义，增 强"四个意识"、坚定"四个自信"、做到"两个维护"，坚持党的领导、人民当家作主、依法治国有机统 一，统筹推进国内法治和涉外法治，深化立法领域改革，加强政府立法审查，坚持立改废释并举，加 强重点领域、新兴领域、涉外领域立法，提高立法质量，完善以宪法为核心的中国特色社会主义法律 体系，发挥好法治的引导、推动、规范和保障作用，为以中国式现代化全面推进强国建设、民族复兴 伟业提供坚实法治保障。 《国务院立法计划》强调，认真学习贯彻党的二十届三中全会精神，坚持改革和法治相统一，突出立 法重点，以高质量立法服务保障党和国家工作大局。 一是在推动高质量发展、构建高水平社会主义 ...