Core Viewpoint - The Chinese Ministry of Foreign Affairs expressed hope that the EU will adhere to market economy principles and provide a fair, transparent, and non-discriminatory business environment for all companies, including Chinese enterprises, in response to the EU's decision to eliminate the tax exemption for small packages, primarily targeting inexpensive Chinese goods [1]. Group 1 - The EU member states have agreed to cancel the tax exemption policy for small packages, which is aimed at addressing the influx of low-cost Chinese products into the EU market [1]. - The spokesperson emphasized the importance of a fair and transparent business environment for all countries' enterprises, including those from China [1].

Core Viewpoint - South Korean President Lee Jae-myung emphasizes the implementation of transparent and responsible fiscal policies while striving to reduce the tax gap [1] Group 1 - The government aims to enhance fiscal transparency and accountability [1] - Efforts will be made to address and minimize the existing tax revenue shortfall [1]

Core Insights - The Chairman of the China Securities Regulatory Commission (CSRC), Wu Qing, announced significant regulatory measures aimed at enhancing market integrity and transparency, particularly targeting insider trading and market manipulation [3][4] - The CSRC introduced a series of reforms to attract foreign investment, including optimizing the Qualified Foreign Institutional Investor (QFII) system and expanding the range of tradable futures and options [3][4] Regulatory Measures - The CSRC is intensifying its crackdown on insider trading and market manipulation, with a reported 9% year-on-year increase in penalties for merger and acquisition insider trading cases [3] - The focus is on creating a cleaner market environment, which is expected to benefit retail investors by promoting value investing [3] Foreign Investment Initiatives - The QFII system will see lowered entry barriers and increased flexibility for foreign investors, with the number of tradable futures and options set to increase from dozens to 100 [3] - The introduction of RMB foreign exchange futures and liquefied natural gas futures and options is aimed at reducing exchange rate risks for foreign trade enterprises and providing hedging tools for the energy sector [3][4] Market Outlook - The reforms signal a move towards a more open, transparent, and internationalized Chinese capital market, which is expected to lead to a healthier market structure and more stable long-term capital [4] - Investors are encouraged to focus on high-dividend, undervalued blue-chip stocks, aligning with foreign investment trends for potential gains [4]