Announcement: The 2025 Hainan Automotive Ecological Camping Expo is scheduled for November. Major health companies like Meinian Health are pioneering the use of AI in personalized health check-ups. Kunlun Wanwei has released its powerful mathematical code reasoning model, while AVIC Optoelectronics states its business dealings with the U.S. are limited. Ernst & Young has showcased its first AI intelligent Q&A product at the fifth Consumer Expo. Guoxin Technology is involved in a collaborative development plan for automobile chip applications with GAC Group, focusing on two automotive-grade chips.
In other news, Weitong Electric has formed a strategic partnership with Bopu Semiconductor, and the Moutai Group has visited BYD and Huawei for discussions. China’s total box office revenue has exceeded 25 billion yuan, making it the number one globally. Huayang Group’s PHUD products are set for mass production soon, and Zhongbei Communication has reached a 2 billion yuan investment cooperation intention with Jinkai New Energy.
The spokesperson for the Ministry of Commerce addressed reporters regarding the U.S. exemption from certain “reciprocal tariffs.” The Chinese capital market continues to respond to the impact of tariffs, with a significant increase in the social financing scale in March, totaling 5.89 trillion yuan. The People’s Bank of China reported an increase of 9.78 trillion yuan in RMB loans for the first quarter.
The fifth Consumer Expo has opened, with eight exhibition halls illustrating a “new map” for global consumption. Notably, teams from China and Europe have begun discussions on electric vehicle negotiations. A previously unknown startup has attracted investment interest from Nvidia and Google.
In the stock market, numerous companies are announcing share repurchase and increase plans, with over 200 companies in Shenzhen making announcements in the past week. The international gold price has hit new highs, with Goldman Sachs suggesting a target of $4,000 per ounce. In March, the weighted average interest rate for new housing loans was approximately 3.1%.
In market developments, a significant asset restructuring is underway, with plans to acquire 100% of Jin Nan Magnetic Materials. There are updates on the restructuring of the Sichuan Agricultural Credit System, and ongoing news includes a case involving stock trading losses and an individual reportedly acting as a spy for substantial financial gain.
In terms of economic forecasts, there’s speculation on the future of trade relations and the ongoing impact of tariffs on the U.S. economy. Also, a series of financial reports are being released, detailing the performance of various companies in the first quarter.
For investors, the recent adjustments in deposit rates may accelerate the trend of “deposit migration.” The insurance sector is also facing new management regulations aimed at enhancing investment structure and controlling the number of member companies. Meanwhile, gold jewelry prices have surged past 1,000 yuan per gram.
This week saw a collective response from major banks in support of share repurchase plans, indicating a strong commitment to stabilize the market. The U.S. Customs has reported a malfunction in the tariff system, which could have significant implications for trade.
Finally, there are ongoing discussions on the future of carbon markets in China, particularly regarding the integration of aluminum smelting into the carbon market and the anticipated carbon quota gap in the coming year.
