Economic Indicators - In May, the industrial added value of large-scale enterprises increased by 5.8% year-on-year, while the growth for January to May was 6.3% [1] - Fixed asset investment nationwide grew by 3.7% year-on-year from January to May [1] - The total retail sales of consumer goods in May rose by 6.4% year-on-year, with a growth of 5.0% for January to May [1] Real Estate Market - In May, the sales prices of commercial residential properties in 70 large and medium-sized cities showed a month-on-month decline, with the year-on-year decline continuing to narrow [2] Stock Market Updates - The Shenzhen Stock Exchange announced an adjustment to the list of Hong Kong Stock Connect eligible securities, with CATL being added effective June 16, 2025 [3] - As of the midday close, the Shanghai Composite Index rose by 0.05%, the Shenzhen Component Index increased by 0.13%, and the ChiNext Index went up by 0.37%. The Hang Seng Index fell by 0.12%, while the Hang Seng Tech Index rose by 0.15% [4]

据国家统计局，2025年5月份，70个大中城市中，各线城市商品住宅销售价格环比下降，同比降幅继续 收窄。 ...

Core Viewpoint - In April 2025, the sales prices of commercial residential properties in 70 large and medium-sized cities in China remained stable or slightly decreased month-on-month, while the year-on-year decline continued to narrow. Group 1: Month-on-Month Price Changes - In April, the sales prices of new commercial residential properties in first-tier cities remained flat, changing from a 0.1% increase in the previous month. Beijing and Shanghai saw increases of 0.1% and 0.5%, respectively, while Guangzhou and Shenzhen experienced decreases of 0.2% and 0.1% [2]. - The sales prices of second-hand residential properties in first-tier cities decreased by 0.2% month-on-month, with Shanghai increasing by 0.1%, while Beijing and Shenzhen decreased by 0.6% and 0.3%, respectively. Second and third-tier cities saw a 0.4% decrease, with the decline widening by 0.2 and 0.1 percentage points compared to the previous month [2]. Group 2: Year-on-Year Price Changes - In April, the year-on-year decline in new commercial residential property prices in first-tier cities was 2.1%, narrowing by 0.7 percentage points from the previous month. Shanghai saw an increase of 5.9%, while Beijing, Guangzhou, and Shenzhen experienced declines of 5.0%, 6.3%, and 3.0%, respectively [3]. - The year-on-year decline in second-hand residential property prices in first-tier cities was 3.2%, narrowing by 0.9 percentage points from the previous month. Beijing, Shanghai, Guangzhou, and Shenzhen saw declines of 1.0%, 0.6%, 7.4%, and 3.7%, respectively. Second and third-tier cities experienced declines of 6.5% and 7.4%, with the declines narrowing by 0.5 and 0.4 percentage points, respectively [3].

国家统计局：2025年4月份，70个大中城市中，各线城市商品住宅销售价格环比持平或略降，同比降幅 均持续收窄。 相关链接 ...

Group 1 - In April 2025, the sales prices of new residential properties in first-tier cities remained flat or slightly decreased month-on-month, while the year-on-year decline continued to narrow [1] - In first-tier cities, new residential property prices were flat month-on-month, with Beijing and Shanghai increasing by 0.1% and 0.5% respectively, while Guangzhou and Shenzhen decreased by 0.2% and 0.1% [1] - The year-on-year decline in new residential property prices in first-tier cities was 2.1%, narrowing by 0.7 percentage points compared to the previous month [1] Group 2 - The sales prices of second-hand residential properties in first-tier cities decreased by 0.2% month-on-month in April, reversing a previous increase of 0.2% [1] - Year-on-year, the prices of second-hand residential properties in first-tier cities fell by 3.2%, with a reduction in the decline of 0.9 percentage points from the previous month [2] - In second and third-tier cities, the year-on-year decline in new residential property prices was 3.9% and 5.4% respectively, with both declines narrowing by 0.5 and 0.3 percentage points [1]