Trade and Policy Updates - The U.S. has extended the tariff exemptions on certain products related to the Section 301 investigation into China's practices regarding technology transfer, intellectual property, and innovation, now set to expire on August 31, 2025, instead of May 31, 2025 [1] Aviation Industry - Starting from June 5, 2025, domestic airlines will adjust the fuel surcharge for passenger transport, with routes under 800 kilometers exempt from the surcharge, while those over 800 kilometers will incur a fee of 10 yuan per passenger per segment [2] Artificial Intelligence Sector - The 2025 Global Artificial Intelligence Technology Conference (GAITC 2025) will be held in Hangzhou on June 7-8, focusing on themes of "crossing, integration, mutual growth, and win-win" [4] - CITIC Securities reports that the process of re-evaluating the value of China's technology industry is ongoing, recommending investors to pay attention to the expansion of the AI ecosystem and the investment opportunities arising from its application in various sectors [4] Nuclear Energy Sector - The Second Tianfu Nuclear Fusion Forum will take place in Chengdu on June 5-6, highlighting the growing global focus on energy security and the increasing demand for electricity [5] - Zhongtai Securities emphasizes the advantages of controlled nuclear fusion over fission, including a more abundant fuel supply, higher energy density, and greater safety [5] - Key projects in China include CFETR, BEST, and HL-3, with ongoing construction of hybrid reactors like "Spark One" and Z-ZFR [5] Stock Market and Share Unlocking - This week, 38 companies will have their locked shares released, totaling 2.276 billion shares with a market value of 26.666 billion yuan, a significant increase of 122.18% compared to the previous week [7] - The largest unlock is from Chip导科技, with a value of 4.259 billion yuan, accounting for 15.97% of the total unlock this week [7][8] New Stock Listings - Only one new stock, Haiyang Technology, is available for subscription this week, with an IPO price of 11.50 yuan and a subscription limit of 14,500 shares [10] Market Outlook - Galaxy Securities suggests that the A-share market may continue to experience fluctuations, with a focus on external tariff changes and domestic policy implementation [14] - The report highlights three main investment themes: high-margin assets, technology sector opportunities, and consumer sectors boosted by policy support [14] - Xingzheng Strategy indicates that the market may see a shift towards technology growth stocks in June, as historical trends suggest a favorable performance for this sector during this period [15]