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Sector
-The”Notice on the Pilot Work of Digital Transformation of Small and Medium-sized Enterprises in Cities in 2025″ was issued, which specifies that about 34 cities will be selected to carry out the pilot work in 2025.
-The Ministry of Education has issued the “Guidelines for General AI Education in Primary and Secondary Schools (2025 Edition)” and the”Guidelines for the Use of Generative AI by Primary and Secondary School Students (2025 Edition)”, aiming to scientifically and standard promote AI education throughout all school stages and cultivate innovative talents with AI literacy.

Data
-MoC data: as of May 11, the number of applications for subsidies for the exchange of old cars for new ones in 2025 reached 3.225mn, of which 1.035mn were for the scrapping of old cars and 2.19mn were for replacement. Since theimplementation of the car trade-in policy in 2024, the cumulative subsidy application volume has exceeded 10mn.

Industry
-Xiaomi SU7 has won the sales championship in the price range of over 100,000yuan in China’s automotive market in April (regardless of vehicle models andenergy types).

May 12 Block Trade Info
*Discount
-InventisBio (002970 CH) saw 23 block trades worth 70.75mn at 45.97yuan per share,10.70pct discount from last closing.
-Amoytop Biotech (002074 CH) saw 6 block trades worth 274.62mn at 20.93yuan per share,13.33pct discount from last closing.

*Flat
-Kuang-Chi Tech (603565 CH) saw 2 block trades worth 76.15mn at 9.69yuan per share, flat from last closing.
-Kuang-Chi Tech (301311 CH) saw 1 block trade worth 103.01mn at 21.46yuan per share, flat from last closing.

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