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Sector
– The General Office of the CPC Central Committee and the General Office of the State Council issued opinions on continuously promoting urban renewal actions.
– CSRC issued the regulatory rules for the raising of funds by listed companies,which emphasized that the raised funds should be used exclusively, focusing on the main business, and supporting the development of the real economy.

International Relationship
– China has implemented a visa – free policy for citizens of Brazil, Argentina,Chile, Peru and Uruguay. Citizens of the above five countries holding ordinary passports can enter China without a visa for business, tourism, visiting relatives and friends, exchange visits or transit for no more than 30 days.
– Trump Says India offered to remove all tariffs on US goods.

Co’s focus
– Huawei will released the HarmonyOS folding computer on May 19th.
– Alibaba Group released the 4Q of fiscal year 2025 and the annual financial report, in which its unprecedented investment in AI has achieved remarkable results. The quarterly revenue was cny 236.454bn, up 7% y/y, adjusted EBITA, a non-GAAP financial indicator, up 36% y/y to cny 32.616bn, mainly due to revenue growth and improved operational efficiency.

May 15 Block Trade Info
*Discount
– Haohua Chemical Sci&Tech (600378 CH) saw 8 block trades worth 54.34mn at 24.01yuan per share,7.01pct discount from last closing.
– New Industries Biomedical (300832 CH) saw 3 block trade worth 223.20mn at 55.80yuan per share,3.84pct discount from last closing.

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