Key A-share pre-market news on May 25

Mars Finance News, May 25th: Key A-share pre-market news: 1. The State Council recently issued the "Implementation Opinions on Promoting the Provision of Basic Public Services by Place of Residence." The opinions emphasize that basic public services should be provided by the place of residence to promote equal access to basic public services for non-registered permanent residents and registered residents. 2. Pakistani Prime Minister Shahbaz attended the 3rd China-Pakistan Information Technology and Telecommunications, Battery Energy Storage Systems and Agriculture B2B Investment Conference in Hangzhou, witnessing the signing of multiple agreements in the economic and trade fields between the two sides. Pakistan also announced several cooperation agreements with Alibaba, which are expected to accelerate Pakistan's digital economy and AI development. 3. The General Administration of Customs stated that, to facilitate data access for all sectors, mainland customs will collaborate with Hong Kong and Macao to research, compile, and release statistical data on foreign trade in goods for the Guangdong-Hong Kong-Macao Greater Bay Area as a whole in due course. 4. The China Securities Regulatory Commission (CSRC) and eight other departments recently jointly issued the "Implementation Plan for Comprehensive Rectification of Illegal Cross-border Securities, Futures and Fund Management Activities." A relevant official from the CSRC stated that overseas institutions are strictly prohibited from illegally providing account opening and trading services in China in any form, and a two-year concentrated rectification period will be set to clean up existing illegal businesses. 5. Ling Ji, Vice Minister of Commerce and Deputy Representative for International Trade Negotiations, chaired a roundtable meeting for foreign-invested enterprises in the pharmaceutical industry on May 22. Representatives from over 50 foreign companies, including Sanofi, Novartis, Merck, BD Medical, Gilead Sciences, Eli Lilly, and Danaher, attended the meeting. 6. China is accelerating the research and development of national integrated computing power network technical standards. Twelve related guiding technical documents have been issued, covering multiple aspects such as computing power monitoring and scheduling, computing-power collaboration, and security protection, promoting the optimal allocation of computing power resources nationwide. 7. On May 24, the inauguration ceremony of the China-ASEAN Artificial Intelligence Industry Innovation Center was held in Beijing. The China-ASEAN AI Center will focus on four key areas: promoting technological research and innovation cooperation; building an AI industry cooperation ecosystem; deepening AI governance practices; and assisting regional capacity building, jointly constructing intelligent infrastructure, sharing the dividends of AI development, and promoting the bridging of the global intelligence gap. 8. Leading lending institution Yixin is undergoing a "benign liquidation" of its fixed-income-like products. Yixin is currently unifying its data calculations. Once the plan is finalized and reported to the relevant authorities, a benign liquidation plan is expected to be announced within 4 to 6 weeks, and agreements will be signed with each client individually. 9. On May 22, the China Securities Regulatory Commission (CSRC) announced that due to illegal cross-border business activities, it intends to confiscate all illegal gains of Tiger Brokers, Futu Securities, and Changqiao Securities, both domestically and internationally, and impose severe penalties according to law. According to the newly released "Implementation Plan for Comprehensive Rectification of Illegal Cross-border Securities, Futures, and Fund Operations," the assets of existing investors will not be affected by this rectification. 10. Last Friday, the Shanghai Composite Index rose 0.87% to 4112.90 points, down 0.54% for the week; the Shenzhen Component Index rose 2.30% to 15597.30 points, up 0.23% for the week; and the ChiNext Index rose 2.84% to 3938.50 points, up 0.24% for the week. 11. Last Friday, the Hang Seng Index rose 0.86% to 25,606.03 points, down 1.37% for the week; the Hang Seng Tech Index rose 2.11% to 4,869.57 points, down 1.45% for the week; and the H-share Index rose 0.89% to 8,550.87 points, down 1.61% for the week. 12. Amid the continued boom in the A-share semiconductor sector, shareholders of several prominent companies collectively announced share reduction plans. Seven listed companies in the semiconductor and AI industry chains, including AMEC and Montage Technology, issued share reduction announcements. Based on the latest closing prices, the total planned reduction amounted to RMB 12.692 billion, setting a new record for the largest single-day share reduction announcement in the semiconductor sector recently. 13. On May 22, Futu Holdings announced that it had received a prior notice of administrative penalty from the China Securities Regulatory Commission (CSRC), with a proposed fine of approximately RMB 1.85 billion. Futu stated that as of the end of the first quarter of 2026, accounts with invested capital from mainland China accounted for approximately 13% of the company's total invested capital accounts. 14. *ST Wingtech announced that its lawsuit against six defendants, including Nexperia, has been accepted, demanding that they cease implementing discriminatory restrictive measures and compensate for economic losses tentatively estimated at 8 billion yuan. 15. Huatian Technology announced that its subsidiary plans to invest 3 billion yuan to construct an advanced integrated circuit packaging and testing project. China Nuclear Construction announced that it plans to raise no more than 4 billion yuan through a private placement to fund the nuclear island and supporting BOP civil engineering of Units 1 and 2 of the first phase of the Jiangsu Xuwei Nuclear Power Plant. 16. Last Friday, the three major US stock indexes all closed higher. The Dow Jones Industrial Average rose 0.58% to 50,579.70 points, a weekly gain of 2.13%; the S&P 500 rose 0.37% to 7,473.47 points, a weekly gain of 0.88%; and the Nasdaq Composite rose 0.19% to 26,343.97 points, a weekly gain of 0.45%. 17. On Friday, the German DAX 30 rose 0.88% to close at 24,888.56 points, a weekly gain of 3.92%; the French CAC 40 rose 0.37% to close at 8,115.75 points, a weekly gain of 2.05%; and the UK FTSE 100 rose 2.66% to close at 10,466.26 points. 18. Influenced by the easing of tensions between the US and Iran, US stock index futures continued their upward trend in early Asian trading on Monday, with Nasdaq futures rising 1% and S&P 500 futures rising 0.63%. WTI crude oil futures and Brent crude oil futures both fell by more than 5% at one point. 19. The Indian market is currently experiencing a sell-off. International capital continues to flow out of the Indian stock market, further increasing the pressure on the rupee to depreciate. Data shows that since the beginning of this year, global investors have withdrawn approximately $23 billion from the Indian stock market, exceeding the total outflow of foreign capital from the Indian stock market for the entire year of 2018. Meanwhile, a report from brokerage JM Financial shows that foreign ownership of Indian stocks has fallen to 14.7%, a new low in nearly 14 years. 20. Due to the Memorial Day holiday, US stock markets will be closed on May 25th; trading in US stock and Treasury futures contracts will end early at 1:00 AM Beijing time on May 26th. The UK stock market will also be closed on May 25th due to the Spring Bank Holiday. 21. With SpaceX's highly anticipated IPO imminent, space ETFs are experiencing explosive growth. In just the past month, space-related ETFs have attracted $1.3 billion in new inflows, pushing the total assets under management in this emerging sector to $3.3 billion. 22. Tesla China has officially renamed FSD to "Tesla Autopilot," completely removing the FSD logo and any mention of autopilot from the product page. The price remains unchanged at 64,000 yuan. The official renaming clarifies that the system falls under Level 2 assisted driving, requiring the driver to monitor the system at all times and not take their hands off the wheel. 23. Advanced Micro Devices (AMD) has begun mass production of its 6th generation AMD EPYC CPU, codenamed "Venice," marking a significant milestone in the collaboration between AMD and TSMC on 2nm technology. It is reported that AMD plans to conduct the aforementioned mass production at TSMC's wafer fab in Arizona, USA. 24. According to reports, sources say Anthropic will complete its latest round of financing as early as this week, raising over $30 billion. Anthropic expects its annualized revenue to exceed $50 billion next month. 25. On May 22nd (Eastern Time), SpaceX completed the 12th test flight of its Starship spacecraft, with the second stage splashing down in the Indian Ocean. 26. 70% of the equity of Shanghai Wanda Microfinance Co., Ltd., under Dalian Wanda Group Co., Ltd., will be sold from May 26th to July 25th. The auction, initiated publicly by the Shanghai Second Intermediate People's Court, has a starting price of approximately 409 million yuan and an appraised value of approximately 731 million yuan. This equity stake had previously failed to sell twice. The price for this sale is the same as the price of the second auction. 27.DeepSeek DeepSeek announced a permanent price reduction for its DeepSeek-V4-Pro API to 25% of its original price, setting a new low for large model pricing globally. DeepSeek is currently pursuing a 70 billion RMB funding round, larger than the previously rumored 50 billion RMB, potentially setting a record for the largest single funding round in the history of Chinese AI companies. 28. On the afternoon of May 23rd (Eastern Time), US President Trump posted on social media that the US and Iran had essentially reached an agreement, pending final confirmation from both sides and relevant Islamic countries, and that the Strait of Hormuz would be opened accordingly. 29. Early on May 24th (local time), Iran announced that US President Trump's latest social media post regarding the "opening of the Strait of Hormuz" was "incomplete." 30. On May 24th, US President Trump posted on social media that negotiations between the US and Iran were progressing "orderly and constructively." He had told US representatives "not to rush into an agreement" because "time is on America's side." 31. According to US media reports on May 23, as a key component of the impending agreement between the US and Iran, Iran has agreed to relinquish its stockpile of highly enriched uranium. (Science and Technology Treasure Broadcast)