Market Overview - On June 3, 2025, A-shares experienced a collective adjustment, with the Shanghai Composite Index closing at 3448.45 points, down 0.22%, and the Shenzhen Component Index at 10343.48 points, down 0.48% [1] - The Hong Kong stock market also saw declines, with the Hang Seng Index dropping 0.61% to 24325.4 points, ending a four-day rally [1] - In contrast, U.S. stock markets closed higher, with the Dow Jones up 404.41 points (0.94%) at 43386.84 points, and the Nasdaq rising 194.36 points (0.97%) to 20167.91 points [1] New Stock Offerings - Yitang Co., Ltd. is set to launch an IPO on the Sci-Tech Innovation Board with a price of 8.45 yuan per share and a price-to-earnings ratio of 51.55 times. The company specializes in integrated circuit manufacturing equipment, providing solutions for major global chip manufacturers [3] Financial Sector Developments - The National Financial Regulatory Administration and the People's Bank of China released a plan to establish a high-quality comprehensive inclusive financial system over the next five years, aimed at promoting common prosperity [4][5] - The plan emphasizes the optimization of inclusive financial services, enhancement of credit systems for small and micro enterprises, and support for rural financial services [5] Automotive Industry News - Xiaomi officially launched its first SUV model, the YU7, with prices starting at 253,500 yuan. The model is available in various colors and features [6] Virtual Asset Regulation - Tianfeng International Securities has upgraded its license to provide virtual asset trading services in Hong Kong, reflecting the growing interest in virtual assets under the regulatory framework established by the Hong Kong Securities and Futures Commission [6] Technology Product Launch - Xiaomi introduced the Xiaomi AI glasses, priced from 1,999 yuan, featuring a 12-megapixel camera and support for third-party app video calls and live streaming [7]

·一图速览4月经济数据，关于消费、投资......国家统计局最新回应5月19日，国家统计局发布4月份国民 经济运行数据。总的来看，4月份，外部冲击影响加大，但宏观政策协同发力，主要指标平稳较快增 长，国民经济延续向新向好态势。也要看到，外部不稳定不确定因素仍然较多，国民经济持续回升向好 基础还需进一步稳固。详情>> ·国家统计局发言人答21记者：好房子需求不断扩大，促进房地产回稳仍需继续努力5月19日，国新办举 行新闻发布会，邀请国家统计局新闻发言人、国民经济综合统计司司长付凌晖出席，介绍2025年4月份 国民经济运行情况，并答记者问。国家统计局数据显示，1-4月份房地产开发投资同比下降10.3%，降幅 相较1-3月份扩大0.4个百分点。1-4月份，全国新建商品房销售面积同比下降2.8%，降幅较1-3月份收窄 0.2个百分点；新建商品房销售额同比下降3.2%，降幅较1-3月份扩大0.2个百分点。详情>> ·4月国补效应延续 拉动家电、通讯器材等大幅增长消费品以旧换新政策，正在持续拉动商品消费的增 长。5月19日，国家统计局发布4月份经济数据。4月份，社会消费品零售总额37174亿元，同比增长 5.1%；环比增 ...

Market Overview - The Hong Kong stock market opened lower and experienced a decline, with the Hang Seng Index dropping over 2% at one point before narrowing its losses, ultimately closing down 0.05% at 23,332.72 points. The total trading volume for the day was 184.7 billion HKD [1] - The Hang Seng China Enterprises Index fell 0.09% to 8,460.55 points, while the Hang Seng Tech Index decreased by 0.5% to 5,255.06 points [1] Blue-Chip Stocks Performance - Xiaomi Group-W (01810) reversed its decline, closing up 2.65% at 52.35 HKD, contributing 39.24 points to the Hang Seng Index. The company announced a strategic product launch event on May 22, featuring new SUV models and flagship smartphones [2] - China Unicom (00762) rose 4.16% to 9.26 HKD, contributing 3.79 points to the index, while China Hongqiao (01378) increased by 3.25% to 15.24 HKD, adding 2.28 points [2] - Alibaba-W (09988) fell 3.4% to 119.2 HKD, negatively impacting the index by 60.14 points, and Sunny Optical Technology (02382) dropped 3.27% to 63.65 HKD, contributing a loss of 2.52 points [2] Sector Performance - Large tech stocks showed mixed results, with Xiaomi and Meituan rising over 2%, while Alibaba continued to decline over 3%. Apple-related stocks fell due to expectations that WWDC would not focus on Siri upgrades [3] - Macau's average daily gaming revenue significantly dropped post-May Day holiday, leading to declines in gaming stocks [4] - Pharmaceutical stocks surged, with Four Seasons Pharmaceutical rising over 16% and 3SBio increasing over 13% [3] Gold Stocks - Gold stocks experienced a broad increase, with Lingbao Gold (03330) up 3.84% to 8.93 HKD and China Gold International (02099) rising 1.41% to 54 HKD. This was attributed to a rebound in international gold prices [5] Semiconductor Stocks - Some semiconductor stocks rose, with Hua Hong Semiconductor (01347) increasing by 3.51% to 30.95 HKD. Concerns over U.S. export restrictions on Nvidia's chips to China may benefit domestic AI chip manufacturers [6] Notable Stock Movements - Four Seasons Pharmaceutical (00460) surged 16.42% to 0.78 HKD after receiving drug registration approval for a new cancer treatment [8] - Innovative Intelligence (02121) rose 4.15% to 4.77 HKD as it announced a share buyback plan [9] - Pop Mart (09992) reached a new high, closing up 5.77% at 207 HKD, with Morgan Stanley raising its sales and profit forecasts for the company [10] - Alibaba-W (09988) continued to face pressure, closing down 3.4% amid scrutiny over its collaboration with Apple on AI development for iPhones [11]