Macro Dynamics - The Chinese Ministry of Commerce urges the U.S. to completely eliminate unilateral tariffs, emphasizing that trade wars have no winners and protectionism leads to negative outcomes [1] - The Chinese Ministry of Foreign Affairs firmly opposes the U.S. decision to unjustly cancel Chinese student visas, stating it harms the legitimate rights of Chinese students and disrupts normal cultural exchanges between the two countries [2] Market Data - On May 29, the A-share market saw the ChiNext Index rise by 1.37%, with significant gains in digital currency and EDA concepts, as well as autonomous driving and innovative drug sectors [7] - The total market turnover reached 1.2 trillion yuan, an increase from the previous day's 1 trillion yuan, with over 4,400 stocks rising [7] - As of May 28, the total margin balance in the two markets increased by 2.95 billion yuan, with the Shanghai Stock Exchange's margin balance at 909.99 billion yuan and the Shenzhen Stock Exchange's at 883.23 billion yuan [8] Company Dynamics - Tesla's CEO Elon Musk announced that the Model Y autonomous driving vehicle will be delivered to customers in June, with successful testing on public roads in Austin [10] - Ideal Auto reported a total revenue of 25.9 billion yuan for Q1 2025, a year-on-year increase of 1.1%, and a net profit of 647 million yuan, up 9.4% year-on-year, with total vehicle deliveries of 92,900 units, reflecting a 15.5% increase [12]

Key Points - The Chinese government aims to improve the carbon emission rights and water rights trading systems by 2027, establishing a sound pollution discharge rights trading system and enhancing the market mechanisms for energy conservation [1] - The Ministry of Commerce of China urges the U.S. to stop discriminatory restrictions against China, emphasizing the need to maintain the consensus reached during the Geneva high-level talks [1] - Fujian Province's Marine and Fisheries Bureau has reached a cooperation intention with Huawei to develop a digital ocean economy, focusing on the integration of various domains [1][4] - The Chinese government has identified 404 enterprises as key cultural export companies for 2025-2026, including Migu Culture Technology Co., Ltd. [2] Domestic News - The Chinese government has issued opinions to deepen the market-oriented allocation of resource and environmental factors, aiming for a more active trading market and improved pricing mechanisms by 2027 [1] - The expected cross-regional personnel flow during the Dragon Boat Festival is projected to reach 687 million, a 7.7% increase compared to the same period in 2024 [3] - The revenue of large-scale light industry enterprises from January to April reached 7.35 trillion yuan, with a year-on-year growth of 4.9% [3] International News - Elon Musk announced that Tesla will deliver Model Y autonomous vehicles in June, with successful testing on public roads [5] - The Bank of Korea has lowered its benchmark interest rate by 25 basis points to 2.50% to mitigate economic growth risks [5] - The UK service sector confidence has hit a two-and-a-half-year low amid rising cost pressures [6]