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Govt’s focus
– Vice premier He Lifeng pointed out during his investigation in Hebei province that construction of unified national market will be accelerated to actively expand domestic demand to boost consumption. Govt will expedite new development model for the real estate sector, cultivate new quality productive forces tailored to local conditions, and more effectively promote high-quality economic development.

Local Policy
– Shenzhen city issued measure in promoting high-quality development of service consumption, proposing vigorous development of digital service consumption. It aims to advance the layout of new business formats such as e-sports, social commerce, and live-streaming e-commerce, while expanding multi-scenario applications of digital humans.

Co Focus
– WeChat Mini Games Developer Conference was held and data showed user engagement time in the past 1 year rose 10% y/y and over 300 mini games generated quarterly revenue exceeding cny 10mn.
– Ganfeng Lithium said it has established solid-state battery full-chain layout, advancing both silicon-based and lithium metal anode routes simultaneously.

June 25 Block Trade Info
*Discount
-INFOGEM (300085 CH) saw 28 block trades worth 153mn at 33.98yuan per share, 27.53pct discount from last closing.
-MICROVENT (688386 CH) saw 7 block trades worth 14.58mn at 45.63yuan per share, 14.10pct discount from last closing.
-HIECISE (300809 CH) saw 2 block trades worth 60.53mn at 33.63yuan per share, 5.19pct discount from last closing.

*Flat
-GXHT (002074 CH) saw 1 block trade worth 25.34mn at 30.53yuan per share, flat from last closing.

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