Group 1 - The core viewpoint of the article highlights the performance of the China Securities Hong Kong Stock Connect TMT Index, which has shown significant growth over various time frames, including a 3.32% increase in the past month, 17.53% in the past three months, and 27.89% year-to-date [1] - The index comprises 50 listed companies in the TMT sector selected from the Hong Kong Stock Connect, reflecting the overall performance of related industry companies [1] - The top ten weighted companies in the index include Xiaomi Group-W (15.3%), China Mobile (14.32%), Tencent Holdings (13.96%), and others, indicating a concentration in major players within the TMT sector [1] Group 2 - The index samples are adjusted biannually, with adjustments occurring on the next trading day after the second Friday of June and December each year [2] - In special circumstances, the index may undergo temporary adjustments, such as removing companies that are delisted or adding new TMT companies that rank in the top ten by market capitalization in the Hong Kong market [2] - The index's holdings are entirely composed of companies listed on the Hong Kong Stock Exchange, with a sector breakdown showing 55.48% in communication services and 44.52% in information technology [1]

Group 1: Fund Market Insights - Financial and real estate themed funds continue to show strong performance with a net value increase of 1.45%, while defense and military funds experienced a slight decline [3] - The domestic new fund market is recovering with 24 new funds established and 34 new funds issued [3] - Different investment range ETFs experienced net outflows, with large-cap broad-based ETFs being the main direction of outflow, totaling -12.89 billion [3] Group 2: Oil and Petrochemical Industry - Oil demand is expected to rebound, driven by positive demand expectations following the suspension of tariff increases in the Sino-US Geneva trade talks [4] - As of May 16, Brent and WTI crude oil prices were reported at $65.33 and $61.93 per barrel, reflecting increases of 2.3% and 1.4% respectively from the previous week [4] - The company maintains a positive outlook on the "three major oil companies" and their associated oil service enterprises amid ongoing geopolitical uncertainties [4] Group 3: Basic Chemical Industry - Recent policies have been introduced to support the development of the low-altitude economy, with a projected market size of 1.5 trillion yuan by 2025 and 3.5 trillion yuan by 2035 [5] Group 4: Retail Sector Performance - In April 2025, the total retail sales of consumer goods reached 3.72 trillion yuan, with a year-on-year growth of 5.1%, slightly below market expectations [8] - The retail sales of gold and silver jewelry surged by 25.3% in April, driven by a low base and high demand for investment and preservation of value [8] - Categories such as sports and entertainment, home appliances, audio-visual equipment, cultural office supplies, furniture, and communication equipment maintained double-digit growth rates [8] Group 5: New City Holdings - In April 2025, the company reported rental income of 1.06 billion yuan, with a cumulative rental income of 4.28 billion yuan for the first four months [9] - The total number of leased properties as of April 2025 was 174, with a total construction area of approximately 16.044 million square meters [9] - The company achieved a contract sales amount of 1.76 billion yuan in April, representing a year-on-year decline of 52.5%, with a cumulative contract sales amount of 6.86 billion yuan for the first four months, down 56.2% year-on-year [9]

Core Viewpoint - The China Securities TMT Index has shown a significant decline of 24.59% over the past month, while it has increased by 4.11% over the last three months and 0.59% year-to-date [1]. Group 1: Index Performance - The China Securities TMT Index reported a value of 3426.54 points, reflecting its performance in the TMT sector [1]. - The index is based on 50 listed companies in the TMT sector selected from the Hong Kong Stock Connect, with a base date of November 14, 2014, and a base point of 3000.0 [1]. Group 2: Index Holdings - The top ten holdings of the China Securities TMT Index are as follows: Xiaomi Group-W (18.01%), China Mobile (15.22%), Tencent Holdings (15.06%), SMIC (7.89%), Kuaishou-W (5.84%), CK Hutchison (4.42%), China Telecom (3.31%), Lenovo Group (2.68%), China Unicom (2.13%), and China Tower (2.02%) [1]. Group 3: Market and Sector Breakdown - The index is exclusively composed of stocks listed on the Hong Kong Stock Exchange, with a 100% allocation to this market [2]. - In terms of industry composition, the index consists of 55.24% in communication services and 44.76% in information technology [3]. Group 4: Index Adjustment Mechanism - The index samples are adjusted biannually, with adjustments occurring on the next trading day after the second Friday of June and December [3]. - In special circumstances, the index may undergo temporary adjustments, such as when a sample company is delisted or when new TMT companies meet specific criteria for inclusion [3].