Oil Rig at Sunset
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International
 
– Sources stated that the U.S. military is drawing up a new plan. In the event of a breakdown in the ceasefire between the United States and Iran, U.S. forces will launch targeted strikes against Iran’s military defense capabilities around the Strait of Hormuz.
 
– U.S. President Donald Trump has once again emphasized that he is under no pressure to end the conflict with Iran and is in no rush to reach an agreement with the country, stating that he seeks the “best” and “permanent” deal possible.
 
Sectors
 
– The CSRC has deployed a special campaign to crack down on and prevent financial fraud among listed companies.
 
– CSRC: QFII are allowed to participate in treasury bond futures trading, with transactions limited to hedging purposes only.
 
Data
 
– In the first quarter, China’s general public budget expenditures reached 7.47 trillion yuan, up 2.6% y/y, accounting for 24.9% of the annual budget; revenue from stamp duty on securities transactions rose by 78.1% y/y.
 
Apr 24 Block Trade Info
 
*Discount
 
– Luxshare Precision (002475 CH) saw 2 block trades worth 633.60mn at 66.00yuan per share, 2.61pct discount from last closing.
 
– Jwipc Tech (001339 CH) saw 1 block trades worth 298.01mn at 66.06yuan per share, 10.00pct discount from last closing.
 
*Premium
 
– CATL (300750 CH) saw 1 block trades worth 347.02mn at 444.90yuan per share, 1.37pct premium from last closing.
 

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