A-share evening hot spots | The central bank takes action! The trillion-dollar buyout reverse repurchase is here

The following is the text of the evening newspaper:

1. Xi Jinping on the phone with US President Donald Trump

Level of importance: ★★★★★

On the evening of June 5, President Xi Jinping was scheduled to make a regular phone call with US President Donald Trump.

2. The central bank will launch a 100 billion yuan buyout reverse repurchase operation for a period of 3 months

Level of importance: ★★★★

In order to maintain abundant liquidity in the banking system, the People's Bank of China issued an announcement on June 5 stating that it will launch a 1 trillion yuan buyout reverse repurchase operation on June 6 using fixed amounts, interest rate tenders, and multiple price wins. This is also the first time that the central bank has publicly carried out a buyout reverse repurchase operation at the beginning of the month.

Currently, the central bank's base currency investment channels are quite rich. MLF, buyout reverse repurchase operations, and various structural instruments can all invest in medium-term liquidity. Although the central bank has maintained a net return of buyout reverse repurchases for 2 consecutive months, overall, the central bank has maintained net liquidity investment in the medium term, showing the central bank's moderately loose monetary policy orientation.

3. Han Zheng Meets with the US Delegation to the High-Level Second Track Dialogue between China and the US

Level of importance: ★★★★

On June 5, Vice President Han Zheng met with the US delegation to the Sino-US High-Level Second Track Dialogue in Beijing.

Han Zheng said that the Sino-US relationship is one of the most important bilateral relationships in the world today. Currently, Sino-US relations are at a critical historical juncture. Mutual respect, peaceful coexistence, and win-win cooperation between China and the US are beneficial not only to the two countries, but also to world peace and development.

The US side said that the high-level two-track dialogue between the US and China will help both sides better understand each other and provide more useful ideas for the development of bilateral relations. China's economic development is admirable, and the two sides should strengthen dialogue and cooperation in the fields of trade and investment.

4. China will deploy the construction of 10 national data element comprehensive test zones

Level of importance: ★★★

According to CCTV news, China will deploy and build 10 national data element comprehensive pilot zones in Beijing, Zhejiang, Anhui, etc., to support all regions to carry out preliminary tests in cultivating business entities and expanding the data market, so as to fully unleash the effectiveness of integrating the real economy and the digital economy.

5. Indonesia is considering purchasing Chinese J-10 fighter jets and is evaluating performance and cost advantages

Level of importance: ★★★

According to CCTV news reports, the Indonesian government is conducting a feasibility assessment on the procurement of Chinese-made J-10 fighter jets. Indonesian Deputy Defense Minister Dauphto said that the move was aimed at improving the modern combat capability of the Indonesian Air Force while taking into account the cost performance ratio of the defense budget. Dauphto pointed out that the performance of the Chinese J-10 fighter during the India-Pakistan conflict is one of the important factors for Indonesia to consider this aircraft.

6. The Ministry of Commerce responds to the new restrictions imposed by the US side on China and “internal rolling” competition in the automobile industry

Level of importance: ★★★

On the afternoon of June 5, the Ministry of Commerce held a regular press conference. A Ministry of Commerce spokesperson introduced recent developments related to key business tasks.

Some reporters asked questions about the new restrictions imposed by the US side on China. Spokesman He Yongqian said that after the talks in Geneva, the US side adopted a series of restrictive measures against China, seriously undermining existing consensus and seriously harming China's legitimate rights and interests. If the US persists in its actions and continues to harm China's interests, China will resolutely take strong measures to protect its legitimate rights and interests.

A reporter asked questions about the automobile industry. He Yongqian said that in response to the current phenomenon of “internal rolling” competition in the automobile industry, the Ministry of Commerce will actively cooperate with relevant departments to strengthen comprehensive regulation and compliance guidance, maintain a fair competitive market order, and promote the healthy development of the industry.

7. The US side plans to tighten the listing of foreign companies in the US, and the Ministry of Foreign Affairs responds

Level of importance: ★★★

On June 5, Foreign Ministry Spokesman Lin Jian presided over a regular press conference. A reporter asked about the US plan to tighten the listing of foreign companies in the US.

Lin Jian said that the US side should strictly abide by the market principle of fair competition, stop politicizing economic and trade issues, and provide a fair, just and non-discriminatory business environment for enterprises from various countries, including Chinese enterprises. Lin Jian stressed that China will take necessary measures to resolutely safeguard the legitimate rights and interests of Chinese enterprises.

8. The launch of the “3+2" cooperation model between Xiaopeng and Huawei accelerates the AR-HUD track

Level of importance: ★★★

On the afternoon of June 5, Huawei's smart car solution BU and Xiaopeng Motor jointly released the on-board AR-HUD (Augmented Reality Head-Up Display) — a “Follow the Light Panorama” head-up display to solve problems such as inability to see clearly, dizziness, and blocking in current AR-HUD technology.

This is the world's first HUD (head-up display) solution that truly incorporates AI smart driving. The Xiaopeng G7, a model owned by Xiaopeng Motor, will first be equipped with a “Follow the Light Panorama” head-up display system and integrate three industry-leading functional scenarios.

Currently, the HUAWEI XHUD launched by Huawei in the AR-HUD field is equipped with mass-produced models, including SAIC Feifan R7 and the Wanjie M9. More than 20 models under development will also be equipped with related products and solutions.

1. The three major US stock indices collectively declined, and gold stocks generally rose

The three major US stock indices fell collectively. As of the 22:00 release, the Dow had fallen 0.43%, the NASDAQ had fallen 0.29%, and the S&P 500 had fallen 0.35%.

On the market, gold stocks generally rose; Harmony Gold and Jintian rose more than 4%; MongoDB rose more than 17%, and Q1 performance and guidance all exceeded expectations.

2. The ECB cut the three key interest rates by 25 basis points in line with market expectations

The ECB lowered deposit interest rates to 2.0%, marginal loan interest rates to 2.40%, and major refinancing rates to 2.15%, all in line with market expectations. This is the eighth time the ECB has cut interest rates since June 2024.

3. Not only is no one taking over Japanese bonds, but global bond market buyers are “on strike”

Long-term treasury bond auctions in major global economies have been hit by Waterloo one after another. The bid multiplier for Japan's 30-year treasury bond auction on Thursday was only 2.92, far below the 12-month average of 3.39, the lowest since 2023. This is the third time in three weeks that buyers have clearly been left out.

What is even more worrisome is that demand weakness is not unique to Japan. On Tuesday, demand for Australian 12-year government bonds was close to its lowest level in six years, while demand for 30-year bonds after South Korea's election on Wednesday also hit its lowest level since 2022.

This series of weak performances has affected the world's largest bond market. The US plans to simultaneously auction 10-year and 30-year treasury bonds next week. Previously, investors had already demanded higher long-term US debt compensation due to America's growing fiscal deficit.

4. Reselling green cards is not enough. Trump plans to launch an “expedited tourist visa” service, and you can join the queue for 1,000 US dollars

On the 5th, according to an internal US State Department memorandum obtained by the media, the Trump administration is considering charging a “expedited interview fee” of 1,000 US dollars for tourist visa applicants, which will allow some applicants to “stand in line” during the visa interview.

According to the May report of the World Travel Industry Council, US international travel spending is expected to fall by about 7% in 2025 due to opposition to Trump's policies and the strengthening of the US dollar prompting foreign tourists to choose other destinations. Meanwhile, the additional 1,000 yuan expedited fee may further curb the demand for travel to the US.

The self-selected group sorted through the investment opportunities that the market is concerned about and found that the silver concept and the like received attention.

1. Spot silver surged 3% in two hours to reach a new high since 2012

On Thursday (June 5), spot silver prices rose rapidly after entering the European session, reaching a high of $35.82 per ounce. The last time it reached this level was in February 2012.

Specific market conditions show that spot silver began to rise at an accelerated pace around 15:00 Beijing time, rising from 34.44 US dollars to 35.82 US dollars within two and a half hours, with an intraday increase of more than 3%. Since the beginning of the year, the price of silver has increased by more than 23%.

Guoxin Futures pointed out that factors such as the intensification of global trade frictions and geopolitical conflicts, the impact of the US stablecoin bill on US dollar credit, and large differences in the Federal Reserve's policy have caused precious metals to receive multiple premiums, and short-term precious metals price fluctuations will increase significantly. If global trade frictions or geopolitical conflicts escalate further, due to its dual attributes as an industrial metal and a safe-haven asset, there is relatively much room for repair in the valuation of silver.

In addition, the following sections are also worth paying attention to:

2. Cross-border e-commerce | Ministry of Commerce: In 2025, the “E-commerce Benefits the World” theme campaign will be launched.

3. The rise in steel|steel and aluminum tariffs will push up the prices of various commodities, some of which may rise by thousands of dollars.

4. Robotics | The Hubei Humanoid Robot Industry Investment Fund was established with an investment amount of 5 billion yuan.

5. Artificial Intelligence | On June 7-8, the 2025 Global Artificial Intelligence Technology Conference will be held in Hangzhou.

On the positive side of the announcement, the optional side advises to pay attention to the acceptance of the marketing application for Sansheng Guojian's new drug; on the negative side, pay attention to the 6-day 5-board chemical technology warning about transaction risks, etc.

Positive announcements

1. Sansheng Guojian: Application for marketing of a new drug for recombinant anti-IL-1beta humanized monoclonal antibody injection accepted

2. Maipu Medical: Plans to purchase 100% of Yizai Medical's shares and raise supporting capital to resume stock trading

3. Zejing Pharmaceutical: Signed an exclusive marketing service agreement for injectable recombinant human thyroid-stimulating hormone

4. Haitai Development: Planning to purchase a controlling interest in Zhixue Cloud, which is expected to constitute a major asset restructuring

5. Sultaishen: STSP-0601 for injection included in the priority review process

6. Urban Xiangjiang: The consortium won the 440 million yuan China Mobile Zhejiang data center power system construction project

Negative announcements

1. 6 days 5 Panlink Chemical Technology: The gross profit of the company's K-amine products is stable, and no notice of increased customer demand has been received

2. 2-tier Huamai Technology: The company's current business focuses on communication infrastructure

3. Asia Potassium International: Case opened for investigation on suspicion of insider trading supervisor Peng Zhiyun

4. Imperial Bank Shares: Important matters that the company should not disclose but did not disclose

5. Wingtech Technology: Shareholder Wuxi Guolian Integrated Circuit Investment Center plans to reduce the company's shares by no more than 3%

6. Jingfang Technology: Sino-Singapore Venture Capital plans to reduce the company's shares by no more than 2%

This article is reprinted from “Tencent Optional Shares”, Zhitong Finance Editor: Xu Ran