Category: Flash News

On May 7, the US Treasury Department issued US $42 billion of 10-year treasury bond, and the bid winning yield was 4.342%, lower than the pre issuance trading level of 4.354% at the bid closing at 1 p.m. New York time. US treasury bond bonds subsequently rose, and the 10-year yield fell to an intraday low of 4.32%, falling more than 2 basis points within the day.

On May 7th, UAE President Mohammed had a phone call with Iraqi Prime Minister Sudani on May 6th local time, discussing the close relationship between the two countries and exploring ways to strengthen cooperation, especially in key economic areas. In addition, the two leaders also discussed regional and international issues of common concern, particularly the recent developments in the Middle East region. They emphasized the need to support all efforts to promote peace, stability, and secure development in the region for the benefit of its people.

On May 6th, with the implementation of the Interim Provisions on Accounting Treatment of Enterprise Data Resources on January 1st, 2024, a transformation related to the awakening of data value is quietly unfolding in the A-share market. Comparing the first quarter and annual reports of 2024, it can be seen that the data assets of A-share companies are accelerating and expanding: the number of participating companies has jumped from 17 to 92; The disclosure scale skyrocketed from 79 million yuan to 2.495 billion yuan. At the same time, the scope of industries involved has also rapidly expanded, from the previous 6 categories of industries to the current 12 categories of industries. This trend not only reshapes the asset structure of enterprises, but also gives rise to emerging sub markets such as data governance, asset evaluation, and financial services, becoming a strong lever to leverage the trillion yuan data factor market. Several industry experts have stated in interviews that the “inclusion” of data assets is moving from policy driven exploration to normalized practice.

On May 6th, according to a report by Luotu Technology, the global shipment of large-sized LCD TV panels in the first quarter of 2025 was 63.0M pieces, an increase of 11.5% and 4.8% year-on-year, respectively; The shipment area reached 46.7M square meters, with a year-on-year increase of 13.8% and 3.4% respectively. The year-on-year growth rate of shipment area is greater than that of shipment volume, reflecting the upward trend of the average size of panel shipments. In the first quarter, the average size of LCD TV panels worldwide was 49.5 inches, an increase of 0.2 inches compared to the same period last year, but still a decrease of 0.4 inches compared to the fourth quarter of last year.

On May 6th, with the release of the first quarter report of A-share listed companies in 2025, the A-share holdings of China’s first insurance based private equity securities fund, Honghu Zhiyuan (Shanghai) Private Equity Securities Investment Fund, have also surfaced. According to Wind Information data, as of the end of the first quarter, Honghu Zhiyuan had a significant stake in three A-share stocks (among the top ten circulating shareholders of listed companies). Meanwhile, the second batch of insurance based private equity securities funds is rapidly advancing. Industry insiders believe that as these approved funds gradually enter the market, they will bring about a long-term incremental capital of approximately 112 billion yuan to the capital market.

On May 6th, it was found that in the new fund issuances in April, equity products continued to be strong, occupying half of the market; FOF funds have emerged as a rising force with their advantage in “dumbbell shaped” allocation, and their head effect continues to strengthen. Specifically, 119 new funds were issued in April, raising a total of 90.156 billion shares. Among them, stock funds raised a total of 43.553 billion shares, accounting for 48.31%; The average fundraising scale of the four FOF funds reached 2.221 billion shares, becoming a sought after “anti volatility” tool for funds in volatile markets.

On May 6th, the first quarter reports of listed companies have been disclosed, and the QFII (Qualified Foreign Institutional Investor) funds among the top ten circulating shareholders have been clarified. The shareholding preferences of two major Middle Eastern sovereign funds, Abu Dhabi Investment Authority and Kuwait Government Investment Authority, have been exposed. As of the end of the first quarter, these two institutions appeared on the list of 51 A-share top ten circulating shareholders, with a market value of over 16 billion yuan.

① Pending Central Bank Forum to be held by the European Central Bank; ② 09:45 China’s April Caixin Service PMI; ③ 13:45 Swiss April seasonally adjusted unemployment rate; ④ 14:45 French industrial output rate for March; ⑤ 15:50 French April Service PMI Final Value; ⑥ 15:55 German April Service PMI Final Value; ⑦ 16:00 Eurozone April Service PMI Final Value; ⑧ 16:30 UK April Service PMI Final Value; ⑨ 17:00 Eurozone March PPI monthly rate; ⑩ 20:30 US March trade account; ⑪ 22:00 Global Supply Chain Stress Index for April in the United States; ⑫ At 00:00 the next day, EIA released its monthly short-term energy outlook report; ⑬ The next day at 04:30, the US crude oil inventory for the week of May 2nd.

On May 6th, “In recent years, with the acceleration of transformation, many trust companies have actively strengthened interbank cooperation and accelerated the layout of the capital market by leveraging the advantages of the trust system,” the general manager of a trust company in the northern region told reporters. Several trust companies recently disclosed their 2024 annual reports, some of which also disclosed the participation of trust funds in the capital market, including the growth trend of securities investment trust scale. With the gradual clarification of the regulatory path for “non-standard to standard conversion”, trust companies that once relied on non-standard business are now restructuring their business landscape in the capital market with the pain of breaking through the cocoon. Industry insiders predict that in the future, trust companies will usher in an important milestone of increasing their participation in the capital market. (China Securities Journal)

On May 6th, after the May Day holiday, A-shares ushered in the first trading day of May. Currently, many securities firms have launched their latest monthly investment portfolios before the market opens, and the recommended targets and investment strategies are highly valued by investors. Data shows that as of May 5th, 21 securities firms have released their monthly “gold stock” portfolios, with a total of 167 targets being favored by securities firms. Consumer and technology targets such as Haida Group, L’Oreal, Dongpeng Beverages, Zhaoyi Innovation, and Kaiying Network have the highest recommendation frequency. From the overall industry distribution, the targets recommended by securities firms are densely distributed in industries such as computer, electronics, automotive, pharmaceutical and biological, and mechanical equipment. Looking ahead to the performance of the A-share market in May, many industry insiders believe that A-shares are likely to fluctuate within a certain range, and the market is expected to show a trend of volatile recovery, with a focus on structural trends and a return to technological growth in style; In terms of allocation, domestic consumption and technological growth continue to be the key allocation directions worth paying attention to. Dividend assets, as defensive assets to cope with shocks, still have some allocation space. If there is an adjustment in “safe assets” such as gold, it may constitute a good mid-term layout opportunity. (China Securities Journal)