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Data
*China May Manufacturing PMI was 49.5%, up 0.5% m/m.
*China May Non-Manufacturing PMI was 50.3%, down 0.1% m/m.
*China May Composite PMI was 50.4%, up 0.2% m/m.

Xi’s Emphasis
*Chairman Xi Jinping published an important article on Qiushi Journal titled “Accelerating the Building of China’s Education Power”.

Industrial Economy
*CAAM issued the “Initiative on Maintaining Fair Competition and Promoting Healthy Industry Development”, while the MIIT pledged to intensify efforts to regulate cutthroat competition in the auto sector.
*U.S. President Donald Trump announced on the 30th local time that his administration would raise tariffs on imported steel from 25% to 50%.

Financial
*NDRC issued the notice on “Further Reducing Credit Reporting Service Fees”, aiming to alleviate financial burdens on businesses and individuals.

May 30 Block Trade Info
*Discount
-New Huadu (002264 CH) saw 2 block trades worth 65.60mn at 6.22yuan per share,8.93pct discount from last closing.
-Hualian Dept Store (000882 CH) saw 1 block trade worth 61.50mn at 2.05yuan per share,2.84pct discount from last closing.

*Premium
-CATL (300750 CH) saw 1 block trade worth 59.59mn at 251.32yuan per share,0.53pct premium from last closing.

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