Financial Data - In May, the social financing increment was 2.29 trillion yuan, an increase of 224.7 billion yuan year-on-year; new RMB loans were nearly 620 billion yuan [2] - As of the end of May, the broad money supply (M2) grew by 7.9% year-on-year, a slight decrease of 0.1 percentage points from the previous month, but up 0.9 percentage points from the same period last year [2] Regulatory Updates - The China Securities Regulatory Commission (CSRC) issued the "Procedures for the Management of Program Trading in the Futures Market (Trial)," which mandates regular checks on program traders' reported information, focusing on high-frequency traders [2] - The Shanghai Stock Exchange announced that CATL's H-shares will be included in the southbound trading list of the Hong Kong Stock Connect, effective from the next trading day [2] Industry Oversight - The State Administration for Market Regulation emphasized increased antitrust enforcement in the pharmaceutical sector to protect public health and ensure affordable medication [3] - A joint notice from 14 ministries outlined key points for correcting misconduct in the pharmaceutical sales and medical services sectors, focusing on enhancing regulatory responsibilities and addressing corruption [4] Market Measures - The Shanghai International Energy Exchange issued a notice urging market participants to implement risk control measures amid volatile international conditions [5] - The Beijing Stock Exchange extended the exemption from transaction fees for bond trading until December 31, 2026 [7] Company News - Huayang New Materials announced it is not involved in the rare earth permanent magnet sector [7] - China National Petroleum Engineering signed a contract worth 1.601 billion USD for the Atawi GPP project [7] - Cheng Tian Wei Ye highlighted risks related to the commercialization of new technologies and products [7] - Honghui Fruits and Vegetables will have its controlling shareholder change to Shenze Ruitai and will resume trading on June 16 [7] - Zhuhai International Electric Power signed two strategic cooperation agreements for solar projects in Zambia [7] - Pan-Asia Micro-Optics plans to establish a subsidiary in Changzhou to enhance its medical application layout [8] - Dongshan Precision intends to invest up to 5.935 billion yuan in Solstice Optoelectronics to expand its optical communication layout [8]

今日关注 1、上交所召开高分红重回报暨上市公司价值提升座谈会。上交所相关负责人表示，未来，上交所将推 动上市公司进一步加大分红力度，增加分红频次，用好回购、并购重组、投资者交流等市值管理工具， 持续提升公司投资价值。 2、6月6日，据证监会网站，长城国瑞证券有限公司、东兴证券股份有限公司、信达证券股份有限公 司、东兴基金管理有限公司、信达澳亚基金管理有限公司、长城期货股份有限公司、东兴期货有限责任 公司、信达期货有限公司的变更实际控制人申请文件已获核准。中央汇金投资有限责任公司成为上述8 家公司的实际控制人。 宏观经济 1、外交部发言人6日表示，无论外部环境出现何种挑战，"中国制造"依然是世界"刚需"，中国市场始终 是投资"热土"。 2、商务部6日发布数据，今年1至4月，我国服务贸易保持较快增长，服务进出口总额26320.6亿元，同 比增长8.2%。 3、国务院国资委印发《中央企业发展规划管理办法》，建立"中央企业总体发展规划+重点任务规划 +企业规划"的三级规划体系，将产业优化调整作为三级规划的重点内容，推动国有资本向关系国家安 全、国民经济命脉的重要行业和关键领域集中，向关系国计民生的公共服务、应急能力、 ...

4月30日，《中华人民共和国民营经济促进法》（下称《民营经济促进法》）经十四届全国人大常委会第十五次会议表决通过，自今年5月20日 起施行。广东作为全国民营经济最为活跃的地区之一，《民营经济促进法》的出台引发广东民营企业家的热烈反响，纷纷表示这部法律为增强 民营企业投资信心、稳定市场情绪注入"强心针"。 信心足 民企发展有了"法治靠山" 改革开放以来，民营经济从小到大、从弱到强，不断发展壮大，以"56789"的亮眼成绩，成为国民经济的重要组成部分。全国人大常委会法工 委负责人在答记者问时称，在新时代新征程上，民营经济必将肩负更大使命、承担更重责任、发挥更大作用，制定出台民营经济促进法，加强 民营经济发展的法治保障，正当其时、十分必要。 "我非常荣幸在会议现场见证了这一载入中国法治史册的瞬间。"全国人大代表、广东省工商联（总商会）主席（会长）、研祥高科技控股集团 董事局主席陈志列说，很有幸参与并见证了对《民营经济促进法》提出建议，到参加司法部举行的《民营经济促进法》启动会并发言，再到这 次列席全国人大常委会三审通过、最终落地。 在陈志列看来，2023年《关于促进民营经济发展壮大的意见》提出31条举措，而《民营经 ...

Report Summary 1. Investment Ratings - Apple: Oscillating upward [3][4] - Red dates: Neutral [4][5] 2. Core Views - Apple market is in its traditional sales peak in April with increasing replenishment from merchants, improved market sales, and low inventory pressure. The price is expected to remain stable with an upward trend. New - season apples are entering the flowering period, and weather conditions such as strong winds and low temperatures need to be closely monitored. The futures and spot prices are expected to be optimistic in the short - term [3][12][13]. - Red dates had an unexpectedly high yield in 2024, with high inventory and low prices. The consumption off - season will last until September, and there is limited upward momentum in the short - term. However, the cost of warehouse receipts provides some support. The market focus will shift to the growth of new - season red dates, and the price is expected to fluctuate [4][19]. 3. Summary by Directory Apple Market Analysis - **Price Quotes**: The futures price of the Apple 2505 contract closed at 8059 yuan/ton this week, a week - on - week increase of 167 yuan/ton or 2.12%. The spot price in Shandong Qixia remained flat, while that in Shaanxi Yan'an increased [9]. - **Supply and Demand**: As of April 9, 2025, the national apple cold - storage inventory was 398.63 million tons, a week - on - week decrease of 38.90 million tons. The wholesale price of Fuji apples increased. The impact of citrus on apple substitution weakened, increasing apple demand. Different apple - producing areas had different sales situations, and the sales in the Guangdong wholesale market were stable after the Qingming Festival [10][11]. - **Future Outlook**: The apple market is expected to have smooth transactions next week, with prices remaining stable and slightly upward. Attention should be paid to factors such as merchant replenishment, market sales, farmers' selling attitudes, new - season flower volume, and weather changes [12][13]. Red Dates Market Analysis - **Price Quotes**: The futures price of the Red Dates 2505 contract slightly decreased, closing at 9020 yuan/ton as of April 11, a week - on - week decrease of 10 yuan/ton or 0.11%. The spot price in Hebei remained flat [14]. - **Supply and Demand**: In 2024, Xinjiang's red dates had a high yield, but the quality was slightly poor, and the warehouse - receipt cost was around 9000 yuan. New - season red dates in some areas have started to germinate, and the growth situation needs attention. The current red - date market is in an off - season with weak demand [15][16][17]. - **Future Outlook**: The red - date price is expected to fluctuate in the short - term. Continuous attention should be paid to the impact of weather changes on the growth of new - season red dates [19].