Market Events Overview - The People's Bank of China will have a total of 4,257 billion yuan in reverse repos maturing next week, with significant amounts maturing each day [1] - A total of 37 companies will have their restricted shares unlocked next week, amounting to 1.594 billion shares with a total market value of 27.453 billion yuan based on the closing price on July 11 [1] - The peak unlocking day is July 14, with 16 companies unlocking shares worth a total of 16.858 billion yuan, accounting for 61.4% of the total unlocking scale [1] Economic Data Releases - On July 14, China will release data on June trade balance, M2 year-on-year, and new RMB loans [1] - On July 15, China will announce Q2 GDP, national real estate development investment from January to June, and urban unemployment rate for June [1][4] - The U.S. will release June CPI data on July 15 and June PPI data on July 16, with the previous month's CPI showing a downward trend [4] Regulatory Changes - New regulations for individual business registration will take effect on July 15, aimed at refining the management rules for individual businesses [4] - A new round of fuel price adjustments will open on July 15, with 13 rounds of price changes occurring this year [5]

Group 1: Key Economic Events - The "Big Beautiful" tax and spending bill is expected to be voted on by the U.S. Senate before July 4, with a recent update passing with a vote of 51 to 49 [3][4] - China's June PMI data is anticipated, with May's manufacturing PMI showing an increase to 49.5, indicating improved manufacturing sentiment [6] - The U.S. is set to release the June non-farm payroll report, with expectations of an increase of 116,000 jobs, down from 139,000 in the previous month [7][8] Group 2: Legislative Changes and Economic Policies - The updated "Big Beautiful" bill includes changes to state and local tax deductions, raising the cap from $10,000 to $40,000 for five years before reverting back, which has drawn mixed reactions [5] - Adjustments to Medicaid funding and stricter requirements for clean energy tax credits are also part of the bill, potentially impacting major renewable energy developers [5] - The bill aims to avoid an August default by raising the debt ceiling significantly, while also cutting funding for the Consumer Financial Protection Bureau [5] Group 3: International Cooperation and Forums - The BRICS summit is scheduled for July 6-7 in Rio de Janeiro, with Brazil taking over the presidency for 2025 [9][10] - The European Central Bank's central bank forum is taking place from June 30 to July 2, focusing on macroeconomic transformation and policy responses [11][12] Group 4: Oil Production and Market Dynamics - OPEC+ has decided to increase production by 411,000 barrels per day starting in July, with expectations for further increases in August [14][15] - There are concerns regarding OPEC+ unity, particularly between Saudi Arabia and Russia, as they navigate market share and production levels [16] Group 5: Corporate Developments - The Shanghai Stock Exchange is set to review the IPO application of He Yuan Biotechnology, marking the first case under the newly restarted fifth set of standards for the Sci-Tech Innovation Board [20][21] - Microsoft is planning significant layoffs in its Xbox division as part of a broader restructuring effort, marking the fourth major round of layoffs in 18 months [22]

Group 1 - Key Point 1: The week includes significant economic data releases such as the US non-farm payrolls and PMI figures for various regions [1][2] - Key Point 2: Major events include speeches from Federal Reserve officials and central bank meetings in Australia and Europe [1][2] - Key Point 3: Earnings reports from companies like NIO and Broadcom are scheduled, indicating potential market movements [1][2] Group 2 - Key Point 1: Data releases on manufacturing and service PMIs from China, Europe, and the US are crucial for assessing economic health [2][3] - Key Point 2: The European Central Bank and Bank of Canada are set to announce interest rate decisions, impacting monetary policy outlooks [2] - Key Point 3: The week also features various economic indicators such as unemployment rates and GDP figures, which are essential for investment analysis [2][3]

Group 1 - Initial jobless claims data from the US will be released shortly, which is a key indicator of the labor market [1] - April retail sales month-on-month data is expected to be published, providing insights into consumer spending trends [1] - Monthly and annual Producer Price Index (PPI) figures will be announced, which are crucial for understanding inflationary pressures [1] Group 2 - The manufacturing indices from the Philadelphia and New York Federal Reserves for May will be disclosed, reflecting regional economic conditions [1] - Canada's wholesale sales month-on-month data for March will also be released, indicating trends in the Canadian economy [1]

Group 1 - The People's Bank of China will lower the reserve requirement ratio by 0.5 percentage points starting May 15, and by 5 percentage points for auto finance and leasing companies [6][12] - Multiple domestic internet giants will release their financial reports next week, including JD.com on May 13, Tencent on May 14, and Alibaba and NetEase on May 15 [6][14] - E-commerce platforms such as Tmall and Suning will start their 618 pre-sale activities on May 13, while Douyin Mall and JD.com will also launch promotional events on the same day [6][15] Group 2 - 28 stocks in the A-share market will face the unlocking of restricted shares next week, totaling 1.066 billion shares with a market value of 18.63 billion yuan, a week-on-week decrease of 58.25% [3] - The stocks with the highest unlocking market value include Guojin Securities, Qiangrui Technology, and Jiangsu Huachen, with respective values of 4.166 billion yuan, 3.243 billion yuan, and 2.644 billion yuan [3][4] - There will be no new stock subscriptions in the A-share market next week, but Tian Gong Co. will be listed on the Beijing Stock Exchange on May 13 [3][5] Group 3 - Walmart is expected to report its Q1 2026 financial results on May 15, with projected revenue of $164.5 billion, a year-on-year increase of 2.85%, and an expected earnings per share of $0.579, a decrease of 8.11% [6][16] - UBS analysts believe Walmart's first-quarter results will show stable and predictable revenue despite broader concerns about tariffs and economic pressures [6][16] Group 4 - The Hang Seng Index Company will announce the results of the Hang Seng Index series review for Q1 2025 on May 16 [3][4] - The U.S. will release key economic data next week, including the April CPI on May 13 and the April PPI and retail sales on May 15 [4][5]