Group 1 - The mutual recognition of Authorized Economic Operator (AEO) between China and Thailand, as well as between China and Benin, has officially launched, increasing the number of AEO mutual recognition countries (regions) to 52 [1] - In the first half of this year, Zhejiang Province's trade with Thailand reached 70.66 billion yuan, a year-on-year increase of 16.7%, supported by the implementation of AEO mutual recognition [2] - Companies like Jindi Group have experienced a threefold increase in trade with Thailand in the first half of the year, attributing this growth to enhanced customs efficiency from AEO recognition [2] Group 2 - The AEO mutual recognition with Benin is expected to further support Zhejiang enterprises in expanding into the African market, with Zhejiang's trade with Africa reaching 218.74 billion yuan in the first half of 2025, a year-on-year increase of 10.6% [2][3] - Companies such as Gongyuan Pipeline (Zhejiang) Co., Ltd. have achieved their first exports to Benin, benefiting from AEO status which facilitates efficient customs clearance [3] - Zhejiang Pharmaceutical Co., Ltd. has developed new clients in Benin, leveraging AEO standards to enhance management and create a positive cycle of high credit and benefits [3] Group 3 - The Hangzhou Customs has implemented various measures to ensure that enterprises fully benefit from AEO policy advantages, including credit cultivation and tailored support for key industries [4] - The continuous expansion of the AEO mutual recognition network is enabling Zhejiang foreign trade enterprises to enhance their competitiveness in the global market [4]

Market Events - The People's Bank of China will have a total of 20,275 billion yuan in reverse repos maturing next week, with specific maturities of 2,205 billion, 4,065 billion, 3,653 billion, 5,093 billion, and 5,259 billion yuan from Monday to Friday [1] - A total of 68 companies in the A-share market will have their restricted shares unlocked next week, amounting to 3.165 billion shares with a total market value of 81.671 billion yuan based on the closing price on June 27 [1] - The top three companies by market value of unlocked shares are: Zhong无人机 (20.02 billion yuan), Dize Pharmaceutical-U (13.272 billion yuan), and Gai Lun Electronics (6.942 billion yuan) [1] Economic Indicators - The China National Bureau of Statistics will release the monthly Purchasing Managers' Index (PMI) report on June 30, with the previous month's manufacturing PMI at 49.5%, an increase of 0.5 percentage points from the previous month [2] - The U.S. will release the unemployment rate and non-farm payroll changes for June on July 3 [2] Regulatory Changes - The revised Information Disclosure Management Measures by the China Securities Regulatory Commission will take effect on July 1, emphasizing the need for companies to disclose risks that could significantly impact their core competitiveness and future development [3] - The new Mineral Resources Law will also take effect on July 1, introducing innovative regulations regarding resource security and mining rights [3] Industry Developments - Starting July 1, China will implement a new policy for medical insurance sales, requiring QR code scanning to prevent the sale of "returned drugs" [2] - The new train operation schedule will be implemented nationwide from July 1, increasing the number of scheduled passenger trains to 13,302, an increase of 236 trains [4] Corporate Actions - Microsoft is expected to conduct another round of significant layoffs in its Xbox division as part of a broader company restructuring, marking the fourth major layoff in the past 18 months [6]

Group 1 - The mutual recognition arrangement between the General Administration of Customs of China and the General Customs Administration of Mongolia for AEO (Authorized Economic Operator) enterprises was officially implemented on June 1, enhancing trade facilitation between the two countries [1] - AEO enterprises will benefit from lower document review rates, reduced import inspection rates, priority inspection for goods requiring physical checks, and designated customs liaison officers to assist with customs issues [1] - Zhejiang AnDe Electric Co., Ltd., a high-end kitchen appliance manufacturer, reported a 150% year-on-year increase in exports to Mongolia, amounting to 1.99 million yuan in 2024, attributing this growth to the AEO certification and the new mutual recognition arrangement [1] Group 2 - Zhejiang Jiuzhou Pharmaceutical Co., Ltd. expressed optimism about the AEO mutual recognition arrangement, highlighting its alignment with the company's strategic goals to enhance product competitiveness and reduce international logistics costs [2] - In the first four months of this year, Zhejiang Province's trade with Mongolia reached 520 million yuan, a 39.3% increase year-on-year, with AEO enterprises in Hangzhou contributing 25.43 million yuan, a 59.6% increase [2] - The Hangzhou Customs plans to strengthen the cultivation of AEO enterprises, prioritizing certification for "Zhejiang Export Brand" companies and key industry chain enterprises to enhance their competitiveness and modern management systems [2] Group 3 - China has signed AEO mutual recognition agreements with 31 economies globally, covering 57 countries and regions, including 38 countries involved in the Belt and Road Initiative, leading the world in both the number of agreements and participating countries [3]