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Middle East Conflict
*Iran may submit an adjusted version of the negotiation plan to Pakistan.
*Iranian Revolutionary Guards: Absolute control of the Strait of Hormuz has been realised.
Financial
*The Political Bureau of the CPC Central Committee held a meeting to analyse and study the current economic situation and economic work, which emphasised the accurate and effective implementation of more active fiscal policies and moderately loose monetary policies.
*China has implemented zero tariffs on all African countries that have established diplomatic relations since May 1.
Industrial Economy
*MIIT announced that its next step will be to launch a special action on AI & Software, accelerating the development and application of intelligent programming, and advancing the orderly deployment of computing power and edge computing infrastructure.
*The “Opinions on Promoting the Expansion, Capability Enhancement and Quality Improvement of the Service Sector” were recently issued, proposing to deploy ten key areas for the sector’s expansion and quality improvement. By 2030, the total scale of the service sector is expected to reach the milestone of 100 trillion yuan, implying an incremental space of over 20 trillion yuan.
Apr 28 Block Trade Info
*Discount
– Changchuan Tech (300604 CH) saw 23 block trades worth 1072.33mn at 161.02yuan per share, 8.00pct discount from last closing.
– Tianshan Aluminum (002532 CH) saw 1 block trades worth 506.70mn at 16.89yuan per share, 3.71pct discount from last closing.
– Hengyi Petrochemical (000703 CH) saw 1 block trades worth 138.20mn at 13.82yuan per share, 9.97pct discount from last closing.
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