Group 1 - The Chinese government strongly opposes the U.S. measures against Chinese chip products and AI industry, claiming they violate market rules and disrupt global supply chains [1] - The China Securities Regulatory Commission (CSRC) has announced changes to the major asset restructuring management measures, encouraging private equity funds to participate in mergers and acquisitions [1] - The State-owned Assets Supervision and Administration Commission (SASAC) emphasized the importance of high-quality completion of state-owned enterprise reforms by 2025 [2] Group 2 - The National Bureau of Statistics has issued the "Digital China Construction 2025 Action Plan," aiming for significant advancements in the digital economy, with core industry value-added accounting for over 10% of GDP by 2025 [2] - The Ministry of Commerce highlighted the importance of expanding the departure tax refund policy to boost consumption and enhance the experience for foreign travelers [3] - A joint initiative named "Sword Net 2025" has been launched to combat online copyright infringement, focusing on various sectors including audiovisual works and software [3] Group 3 - The film market in China has seen a strong start in 2025, with total box office revenue reaching 26.649 billion yuan, a year-on-year increase of 28.87%, and domestic films accounting for 95.81% of the total [5] - The Hang Seng Index will include Midea Group and ZTO Express, while BYD will be added to the Hang Seng Tech Index [5] - The Shanghai Stock Exchange has taken regulatory measures against 163 cases of abnormal trading behavior, focusing on stocks with delisting risk [5][6] Group 4 - Companies like Ningde Times have set their H-share price at 263 HKD per share, indicating strong market interest [6] - A-share companies are actively engaging in share buybacks and capital increases, with notable plans from companies like Jianghan New Materials and Aoyang Technology [6] - Guangdong Province has introduced an action plan to promote high-quality development in venture capital, encouraging diverse entities to participate [4]

Group 1 - The core viewpoint of the article is the launch of the "Sword Net 2025" special action to combat online infringement and piracy, initiated by four government departments in China [1] - This special action will take place from May to November and is the 21st nationwide campaign against online infringement and piracy [1] - The focus areas include copyright rectification in audiovisual works, animation and gaming, computer software, online storage and dissemination, online sales, and streaming media smart terminals [1] Group 2 - The initiative aims to address significant online infringement issues raised by the public and concerns from market participants in key online sectors [1] - The action seeks to deepen copyright enforcement, strengthen regular online law enforcement supervision, and standardize online copyright dissemination order [1] - The goal is to eliminate copyright barriers to fair market competition and foster a market-oriented, rule-of-law, and international business environment, thereby enhancing copyright protection across the entire chain to empower high-quality economic and social development [1]