Financial
-Preview: The PBoC, CSRC, and other departments will hold a press conference at 9:00 a.m. on May 7th to introduce a “package of financial policies to stabilize markets and expectations.”
-Minister of Finance Lan Fo’an attended the 58th Annual Meeting of the Asian Development Bank (ADB) Board of Governors and delivered a speech, stating that China will adopt more proactive macroeconomic policies and is confident in achieving its 2025 growth target of around 5%.
Sector
-The Ministry of Agriculture and Rural Affairs, the Ministry of Science and Technology, the Ministry of Education, and four other departments have issued the “Implementation Opinions on Accelerating the Improvement of the Overall Efficiency of the Agricultural Science and Technology Innovation System.”, which states that China will establish a highly efficient agricultural sci-tech innovation system by 2035.
May 6 Block Trade Info
*Discount
-Eastroc Beverage (605499 CH) saw 30 block trades worth 529.66mn at 260.66yuan per share,6.99pct discount from last closing.
-Dawning Info (603019 CH) saw 1 block trade worth 218.44mn at 56.99yuan per share,12.46pct discount from last closing.
-CATL (300750 CH) saw 2 block trades worth 102.92mn at 227.69yuan per share,12.46pct discount from last closing.
-Sinopack Electronic (003031 CH) saw 18 block trades worth 75.01mn at 43.36yuan per share,7.94pct discount from last closing.
-Harbin Boshi Auto (002698 CH) saw 25 block trades worth 150.50mn at 15.05yuan per share,11.16pct discount from last closing.
*Flat
-China Pet Foods (002891 CH) saw 1 block trade worth 94.02mn at 56.98yuan per share,flat from last closing.
-Kuang-Chi Tech (002625 CH) saw 1 block trade worth 256.50mn at 42.75yuan per share,flat from last closing.