Core Viewpoint - The Chinese Ministry of Commerce has announced preliminary anti-dumping measures against imported pork and pork products from the EU, with tax rates ranging from 15.6% to 62.4%, which is expected to further impact struggling EU farmers [1][3]. Group 1: Anti-Dumping Measures - The Chinese government has determined that there is dumping of pork products from the EU, leading to the implementation of temporary anti-dumping measures in the form of a cash deposit [1]. - The tax rates for cooperating companies from Spain, Denmark, and the Netherlands will range from 15.6% to 32.7%, while non-cooperating companies will face a rate of 62.4% [1][3]. Group 2: Impact on EU Farmers - EU pig farmers are currently facing challenges due to declining demand and rising costs, and the new tariffs will exacerbate these issues [3]. - The EU is the second-largest pork producer globally and the largest exporter of pork products, making the Chinese market crucial for EU farmers [3]. - The decline in pork exports to China is attributed to a decrease in imports from mainland China and Hong Kong, which fell to 1.18 million tons in 2024 from 3.6 million tons in 2020 [3]. Group 3: Reactions from EU Stakeholders - EU agricultural lobby groups express concern that the anti-dumping measures will cause "serious damage" to the industry and affect market prices [4]. - The EU is currently reviewing China's decision on temporary tariffs and is exploring new trade agreements to enhance market access for EU pork producers [4]. - Analysts suggest that the likelihood of reaching a negotiated solution before the end of the year is diminishing [4].

相关报告：智研咨询发布的《2025-2031年中国冷鲜猪肉行业市场研究分析及发展趋向研判报告》 数据来源：国家统计局 2025年6月，全国猪肉（去骨统肉）集贸市场价格当期值为24.67元/公斤，比2025年5月下降0.35元/公 斤，环比下滑1.4%，增幅增加0.4个百分点，同比下滑11.4%，降幅减少11个百分点。 ...

Market Overview - The three major A-share indices collectively rose, with the Shanghai Composite Index up 0.72% closing at 3559 points, marking a new high for the year [1] - The Shenzhen Component Index increased by 0.86%, and the ChiNext Index rose by 0.87%, both also reaching new yearly highs [1] - Total trading volume for the day was 1.73 trillion yuan, an increase of 133.9 billion yuan compared to the previous trading day, with over 4000 stocks rising and more than 100 stocks hitting the daily limit [1] Sector Performance - The hydropower sector surged following the commencement of the Yarlung Tsangpo River downstream hydropower project, with multiple stocks like China Power Construction hitting the daily limit [2][4] - Other sectors that saw gains included civil explosives, cement materials, engineering machinery, and steel, with notable performances from Ba Yi Steel and Ankao Zhidian [2] - The cross-border payment sector declined, with Sifang Jingchuang dropping nearly 8%, while the digital currency sector also fell, led by Yuxin Technology [2] Notable Stocks - Stocks in the hydropower sector experienced significant increases, with companies like Jikang Technology and Wuxin Tunnel Equipment both rising by 29.99% [5] - The rare earth permanent magnet sector remained strong, with Shenghe Resources and Huahong Technology hitting the daily limit, and other companies like Dongfang Zircon and AVIC Taiyuan also seeing gains [6][7] - Pork-related stocks also showed volatility, with Bangji Technology hitting the daily limit and Shennong Group rising over 9% [8][9] Banking Sector - The banking sector faced declines, with Xiamen Bank dropping over 3% and several other banks following suit [11] - Recent reports indicated that 42 A-share listed banks collectively released their Q1 2025 performance reports, revealing challenges in net interest margin trends and varying revenue growth among banks [11] Future Outlook - Analysts suggest that the A-share market is showing signs of strong performance, with a potential shift towards large-cap growth stocks [12][14] - There is a focus on sectors with recovery potential, such as aviation equipment, wind power, and storage, as well as "anti-involution" industries like certain chemicals and batteries [14]