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Sector
-The Cyberspace Administration of China and other three departments issued the”Key Points for Deepening the deployment and application of IPv6 in 2025″.
-NDRC:Internal competition distorts market mechanism and disrupts fair competition order, thus it’s must be rectified.

International Relationship
-Japan is considering accepting US tariff cuts rather than exemptions.

Co’s focus
-MediaTek CEO Rick Tsai said that the company plans to conduct new 2nm chiptape-out at TSMC in September.

Data
-China’s fiscal revenue was cny 8.062tn, which fell 0.4% y/y in Jan to Apr,according to the MoF. Fiscal spending was cny 9.358tn,up 4.6% y/y; government land sales income was cny 934bn,11.4% y/y; tax revenue fell 2.1% y/y.

May 20 Block Trade Info
*Discount
-Farsoon Tech (688433 CH) saw 7 block trades worth 87.09mn at 35.16yuan per share,8.53pct discount from last closing.
-Eastroc Beverage (605499 CH) saw 16 block trade worth 444.60mn at 261.65yuan per share,6.89pct discount from last closing.
-Jiangsu Boiln (301003 CH) saw 19 block trades worth 52.16mn at 26.85yuan per share,13.28pct discount from last closing.
-Jingu (002488 CH) saw 5 block trade worth 79.57mn at 13.24yuan per share,8.06pct discount from last closing.=

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