Group 1: Market Overview - The market has seen adjustments in hot sectors, with cyclical commodities like coking coal, aluminum, and Brent crude oil performing well due to the Middle East crisis affecting global commodity supply [2] - The North China 50 index has adjusted, influenced by discussions around micro-cap stock trading congestion, with cautious investors taking action [2] - A weekly review of A-shares shows bank stocks leading in gains, while sectors like beauty care, pharmaceuticals, textiles, and social services have seen declines [2] Group 2: Middle East Risk - The Middle East crisis is currently limited to Iran, but concerns are growing about the potential for escalation following U.S. airstrikes on Iranian nuclear facilities [3] - Predictions suggest that if Iran expands its attacks and blocks the Strait of Hormuz, oil prices could surge to $120-130 per barrel, leading to high global inflation and reduced manufacturing profits [3] - Analysis indicates that U.S. actions may be politically motivated to alleviate internal pressures, with a focus on avoiding ground troop deployment [3] Group 3: China Asset Revaluation - The recent Lujiazui Forum indicated a policy tone favoring openness, which could release policy dividends for the revaluation of Chinese assets [5] - Foreign Direct Investment (FDI) in China has shown a decline, with actual foreign investment amounting to 358.19 billion yuan in the first five months of 2025, down 13.2% year-on-year [5][6] - The structure of FDI shows positive trends in high-tech industries, with significant growth in sectors like e-commerce services and aerospace manufacturing [6] Group 4: Tax Revenue Insights - National public budget revenue for January to May 2025 was 96,623 billion yuan, a slight decrease of 0.3% year-on-year, with land use rights revenue down 11.9% [7] - The probability of a real estate market resurgence is low, as indicated by declining property-related tax revenues [7] - Securities transaction stamp duty increased by 52.4% year-on-year, reflecting heightened market activity and the importance of the stock market in asset revaluation [8] Group 5: Non-Tax Revenue and Market Dynamics - Non-tax revenue grew by 6.2% year-on-year, indicating a shift in focus from external factors to internal reforms and adjustments in interests [9] - The government is increasingly normalizing its behavior in revenue collection, which is crucial for market vitality and asset revaluation [9] Group 6: Long-Term Asset Revaluation - While external risk premiums suggest a foundation for asset revaluation in China, internal conditions still require improvement for a complete revaluation [10] - The restructuring of international order and adjustments in China's leading industries present ongoing investment opportunities [11]

Core Viewpoint - Chengdu is actively promoting foreign investment through initiatives like the "Investment Gaiwan Tea" event, which has successfully attracted the Indonesian INCASI RAYA GROUP to increase its investment in the city [1][3]. Group 1: Investment Initiatives - The Chengdu Investment Promotion Bureau has facilitated a detailed discussion with INCASI RAYA GROUP regarding a biopolymer materials project, leading to a mutual investment intention [1]. - Chengdu's proactive approach includes a series of visits to Indonesia to promote foreign direct investment (FDI), resulting in a commercial project with a total investment of approximately 350 million yuan [3]. - The city has established a "key service list" for foreign investment projects, ensuring dedicated support and problem-solving for companies like INCASI RAYA GROUP [3]. Group 2: Company Background and Investment Plans - INCASI RAYA GROUP is involved in various sectors, including palm oil, rubber, real estate development, port construction, and fintech [3]. - The group has invested over 2 billion USD in Chengdu across high-end residential, commercial real estate, and urban renewal projects [4]. - The company plans to establish a new manufacturing base in Chengdu for producing biodegradable plastic products, leveraging the city's favorable investment environment and market potential [4]. Group 3: Economic Impact - Chengdu's foreign investment environment has shown significant improvement, with a reported 6.56 billion USD in foreign investment from January to April, marking a year-on-year increase of 59.89% [5]. - The city accounts for 73% of the total foreign investment in the province, maintaining its position as the leading city in central and western China for foreign investment [5].