Mini Program: Quick News Brief on A-Share Market Before Trading
Important News
1. The text of the U.S.-Iran memorandum of understanding has been finalized and will be officially signed in Switzerland this Friday, June 19.
After Israel’s interference, the U.S. and Iran reach a peace agreement. At around 3:00 a.m. Beijing time on the 15th, both Pakistan’s Prime Minister and U.S. President Trump stated that an agreement had been reached between the U.S. and Iran. Trump announced approval for free passage through the Strait of Hormuz and authorized the immediate lifting of the U.S. Navy’s blockade on Iran. Iran’s Deputy Foreign Minister also confirmed that the text of the U.S.-Iran memorandum of understanding has been finalized and will be formally signed in Switzerland on Friday, June 19. The Deputy Foreign Minister revealed that the text of the memorandum will be released after formal signing; negotiations for the final agreement will be completed within 60 days, focusing on sanctions relief, nuclear issues, establishing the final mechanism for Iran’s reconstruction, and oversight and implementation. Prior to this, Israel conducted airstrikes on Lebanon’s capital, threatening to derail the U.S.-Iran negotiations. It is reported that Iran canceled its plan to retaliate against Israel for the airstrikes on Lebanon at the last minute, following mediation by Trump through intermediaries. Iran’s Deputy Foreign Minister stated that one condition for Iran’s decision not to retaliate against Israel is its withdrawal from southern Lebanon. Amid easing tensions in the Middle East, spot gold rose 2% at the open on Monday, spot silver broke above $70 per ounce, WTI crude fell 5%, Nasdaq futures rose over 1%, and market participants reduced bets on a Federal Reserve interest rate hike.
2. Central Bank: Will conduct a 600-billion-yuan outright reverse repurchase operation on June 15.
The People's Bank of China: On June 15, the People's Bank of China will conduct a 600-billion-yuan outright reverse repurchase operation with a fixed quantity, interest rate bidding, and multiple-price winning method, with a term of six months (183 days), maturing on December 15, 2026 (extended if it falls on a holiday).
3. People's Bank of China: Broad money supply grew by 8.6% in May 2026
At the end of May, the balance of broad money (M2) was RMB 353.67 trillion, representing an 8.6% year-over-year growth. The balance of narrow money (M1) was RMB 114.89 trillion, up 5.5% year over year. The balance of currency in circulation (M0) was RMB 14.69 trillion, increasing by 11.9% year over year. A net cash injection of RMB 590.7 billion was made over the first five months.
4. People's Bank of China: In the first five months of 2026, RMB deposits increased by RMB 15.77 trillion, and RMB loans increased by RMB 9.11 trillion.
At the end of May, the total balance of domestic and foreign currency deposits was RMB 352.38 trillion, an 8.7% year-over-year increase. The balance of RMB deposits at month-end was RMB 344.45 trillion, up 8.7% year over year. In the first five months, RMB deposits increased by RMB 15.77 trillion, including RMB 5.63 trillion in household deposits, RMB 1.26 trillion in non-financial enterprise deposits, RMB 1.91 trillion in fiscal deposits, and RMB 5.64 trillion in deposits by non-bank financial institutions. At the end of May, the balance of foreign currency deposits was USD 1.16 trillion, up 17.5% year over year. In the first five months, foreign currency deposits increased by USD 103.2 billion. At the end of May, the total balance of domestic and foreign currency loans was RMB 284.79 trillion, up 5.4% year over year. The balance of RMB loans at month-end was RMB 281.02 trillion, up 5.5% year over year. In the first five months, RMB loans increased by RMB 9.11 trillion. By sector, household loans decreased by RMB 631.4 billion, including a decline of RMB 694.2 billion in short-term loans and an increase of RMB 62.8 billion in medium- and long-term loans; loans to enterprises and institutions increased by RMB 9.63 trillion, including RMB 3.77 trillion in short-term loans, RMB 4.99 trillion in medium- and long-term loans, and RMB 699.9 billion in bill financing; loans to non-bank financial institutions decreased by RMB 279.7 billion. At the end of May, the balance of foreign currency loans was USD 553.2 billion, up 2.6% year over year. In the first five months, foreign currency loans increased by USD 8.2 billion.
5. Zhao Guofu: The CSRC will comprehensively advance the implementation of a new round of reform and opening-up in the capital market, further leveraging the Sci-Tech Innovation Board as a "testing ground" for reform.
Zhao Guofu, Deputy Director of the Shanghai Regulatory Bureau of the China Securities Regulatory Commission, stated at a Shanghai news conference on June 12 that this year marks the beginning of the 15th Five-Year Plan. The CSRC will comprehensively advance the implementation of a new round of reform and opening-up in the capital market, further leverage the Sci-Tech Innovation Board as a "testing ground" for reform, continuously enhance the inclusiveness, adaptability, appeal, and competitiveness of China’s capital market institutions, and optimize end-to-end, lifecycle financial services for technology-driven enterprises to better support the construction of a strong financial nation and Chinese-style modernization. (Securities Times)
6. Zhou Xiaoquan: Measures to Fully Leverage the Role of Direct Financing and Further Strengthen Technology Financial Services will be issued and implemented.
The Shanghai Municipal Government held a press conference, inviting relevant officials from the Shanghai Municipal Financial Services Office, the People’s Bank of China Shanghai Headquarter, the General Office of the National Financial Regulatory Administration, and the Shanghai Bureau of the China Securities Regulatory Commission to introduce details regarding the 2026 Lujiazui Forum. Zhou Xiaoquan, Executive Deputy Director of the Shanghai Municipal Financial Services Office, stated that the next step will be to implement the "Several Measures to Fully Leverage the Role of Direct Financing and Further Strengthen Technology Financial Services," thereby increasing financial support for technological innovation. (The Paper)
7. A spokesperson for the Ministry of Commerce responds to media questions regarding the U.S. Department of Defense's inclusion of certain Chinese companies on the "Chinese Military Companies List"
The U.S. side has disregarded the consensus reached by the heads of state of China and the United States during their meeting in Beijing, ignored the overall picture of China-U.S. economic and trade relations, continuously expanded the concept of national security, abused state power, and unjustly suppressed Chinese enterprises. The U.S. actions have severely disrupted international economic and trade order, seriously endangered the stability of global industrial and supply chains, and seriously infringed upon the legitimate rights and interests of Chinese enterprises. China urges the U.S. side to immediately halt its erroneous practices, revoke relevant measures, and return to the correct path of building a constructive and strategically stable relationship between China and the United States, ensuring fair, equitable, and non-discriminatory treatment for Chinese enterprises. Otherwise, China will resolutely and firmly counteract, and the U.S. side shall bear full responsibility for all resulting consequences. (Ministry of Commerce) Related Links
8. AMAC issues the "Guidelines on the Application of Sustainable Investment Strategies for Publicly Offered Securities Investment Funds (Trial)"
To standardize the application of sustainable investment strategies in publicly offered securities investment funds and protect the legitimate rights and interests of investors, the Asset Management Association of China has drafted the "Guidelines for the Application of Sustainable Investment Strategies in Publicly Offered Securities Investment Funds (Trial)." After being reviewed and approved by the Association’s Council, it is hereby issued. The Guidelines shall take effect upon issuance. Fund managers of publicly offered securities investment funds whose funds applying sustainable investment strategies do not comply with Article 11 of the Guidelines shall adjust them in accordance with the relevant provisions of the China Securities Regulatory Commission on performance benchmarks for publicly offered securities investment funds; those failing to comply with other provisions of the Guidelines shall make adjustments within one year from the date of implementation.
9. State Administration for Market Regulation: Further curb illegal advertisements featuring "large, eye-catching text and small disclaimer text."
The State Administration for Market Regulation has issued the "Enforcement Guidelines for Advertising Citation Content." The guidelines state that when the source, scope of application, validity period, and other details of cited advertising content are indicated through text, images, audio, video, or other means, the font size, typeface, color, and other characteristics of the text must be clearly legible to the general public under normal conditions, and the spoken content must be delivered at the same speed, tone, and clarity as the rest of the advertisement. When cited advertising includes information regarding a product’s performance, functions, uses, specifications, validity period, or promotional terms, it is prohibited to use methods such as reducing font size, changing font type, or using text colors similar to the background that may obscure these details, in order to restrict or provide interpretations or explanations regarding the product’s performance, functions, uses, specifications, validity period, or promotional terms that contradict scientific norms or are detrimental to consumers.
10. People's Bank of China: Reduce the minimum subscription amount for individual investors in large-denomination certificates of deposit to no less than RMB 200,000.
The People's Bank of China has opened a public consultation on the "Interim Measures for Large Denomination Certificates of Deposit." The Measures consist of 24 articles, specifically regulating the scope of issuers and investors, certificate elements, issuance preparations, management throughout the issuance and tenure phases, information disclosure, and supervision. Key revisions include formally institutionalizing market management requirements for large denomination certificates of deposit: First, in accordance with PBOC Announcement [2016] No. 13, the minimum subscription amount for individual investors has been reduced to no less than RMB 200,000. Second, in response to actual needs for early withdrawal, redemption, and transfer of large denomination certificates of deposit, it is clarified that both third-party platforms and banks’ own channels may facilitate transfer, early withdrawal, and redemption. Third, it is stipulated that upon occurrence of a significant event, issuers must promptly disclose relevant information on their official websites and information disclosure platforms.
Individual stock news
1. Lens Technology: Acquiring Tongsheng Optoelectronics to Accelerate Deployment in Optical Communications
According to Linsys Technology, on June 12, 2026, Linsys Optoelectronics, a wholly owned subsidiary of Linsys Technology, strategically acquired a controlling stake in Tongsheng Optoelectronics to further strengthen its core optoelectronic technologies and production capacity, marking a significant step into the high-end optoelectronic hardware sector. Tongsheng Optoelectronics is a leading domestic enterprise in hollow-core fiber technology, with products spanning communications, AI computing power, sensing, power transmission, and medical applications. This acquisition aligns closely with Linsys Technology’s strategic direction. Tongsheng’s hollow-core fibers and optical sensing devices will enhance Linsys Optoelectronics’ technological reserves, further enriching its comprehensive capabilities in optical waveguides, optical transmission, and optical sensing products, thereby integrating the entire industrial chain of “precision structural manufacturing + high-end optoelectronic components.”
2. Shenghong Technology: Plans to increase idle自有 funds for cash management by up to RMB 18 billion
Shenghong Technology announced that on June 12, 2026, the company held its 16th meeting of the Fifth Board of Directors, which approved the proposal to increase the use of idle自有 funds for cash management. The company agreed to increase the amount allocated for cash management by up to RMB 18 billion (or equivalent in foreign currency), provided that such use does not affect normal operations, ensures fund safety, and effectively controls risk. Following this increase, the total amount authorized for cash management using idle自有 funds has been adjusted from no more than RMB 2 billion to no more than RMB 20 billion, with the newly added amount not exceeding RMB 18 billion (or equivalent in foreign currency). This authorization is valid for 12 months from the date of approval by the company’s shareholders’ meeting, and funds may be reused cyclically within the approved limit and validity period.
3. Vanke A: Shenzhen Metro Group provides the company with a loan of up to RMB 1.14 billion.
Vanke A announced that, after mutual agreement, its largest shareholder, Shenzhen Metro Group Co., Ltd., will provide the company with a loan of up to RMB 1.14 billion.
4. Yanggu Huatai: The accident at the Yanggu factory has led to a temporary shutdown, which is expected to have a certain impact on the company's operating performance for the fiscal year 2026.
Yanggu Huatai announces that at approximately 5:30 p.m. on June 13, 2026, a fire incident occurred at the raw materials warehouse of the company’s facility located at 399 Qinghe West Road, Yanggu County. The incident resulted in injuries to three individuals, all of whom are out of danger. Preliminary investigations indicate that the fire caused varying degrees of damage to certain equipment and the raw materials warehouse; however, other facilities at the site were unaffected. The full extent of the losses is currently being assessed. As of the date of this announcement, the Yanggu plant has temporarily ceased operations, while the production and business activities of the company’s other subsidiaries remain unaffected. The Yanggu facility generated revenue of RMB 2.275 billion in 2025, accounting for 66.07% of the company’s audited consolidated revenue, and achieved a net profit of RMB 138 million, representing 70.02% of the company’s audited consolidated net profit attributable to shareholders. The company is actively cooperating with relevant authorities in the investigation of the incident. As the timeline for resuming operations remains uncertain, the fire is expected to have a certain impact on the company’s operating performance in 2026. The company will take all necessary measures to minimize the losses.
5. BOE A: Complete the development and sample delivery of large-size, high-layer (9-2-9, 20-layer) glass substrate boards by 2025.
BOE issued an announcement of its investor relations activity record, stating that the company initiated research on glass substrate technology in 2020, invested RMB 390 million in 2022 to build a wafer-level innovation platform compatible with both glass and silicon substrates, and invested RMB 993 million in 2024 to construct a pilot production line for glass substrate-level packaging substrates, with main equipment installation and commissioning completed within 2025. Full automation of the production line was achieved in the first half of 2026. The pilot line has a designed capacity of 1,000 substrates per month. Currently, the company has successfully integrated the entire process for glass substrate packaging substrates, including TGV via formation, deep via copper filling, layer buildup, and routing. In 2025, BOE completed the development and sample delivery of large-size, high-layer-count (9-2-9, 20-layer) glass substrate substrates.
6. Jiemei Technology: Subsidiary to invest RMB 700 million in a new high-end electronic component packaging materials project
Jiemei Technology announces that its wholly-owned subsidiary, Zhejiang Jie Mei Electronic Information Materials Co., Ltd., has signed an investment agreement with the People's Government of Meixi Town, Anji County, to invest RMB 700 million in the construction of a "50,000-ton-per-year High-End Electronic Component Packaging New Materials Project" at the Gangwan Industrial Park in Meixi Town, Anji County, Zhejiang Province. The project is expected to commence partial production by December 2028, with funding sourced from self-raised capital and bank financing. This investment aims to expand production capacity for high-end packaging materials, enhance technical capabilities, and achieve economies of scale, and does not constitute a related-party transaction or a material asset restructuring.
7. Yunnan Copper: Sulfuric acid sales prices have remained high since the beginning of this year.
Yunnan Copper recently stated during an institutional investor briefing that, according to its 2026 annual production plan, the full-year sulfuric acid output is scheduled at 5.76 million tons. In the first quarter of 2026, sulfuric acid production is progressing as planned. Regarding pricing, as a by-product of copper smelting, sulfuric acid prices are influenced by multiple factors, including regional supply and demand, transportation conditions, and industry sentiment. Since the beginning of this year, sustained high demand from downstream sectors and tighter supply in certain production areas have kept sulfuric acid selling prices elevated. The company has seized market opportunities by strategically managing production and sales, positively contributing to its operational performance. Meanwhile, the company will continue to monitor price fluctuations and dynamically optimize its production and sales rhythm.
8. Megi Smart: The increase in storage chip prices is being reasonably and orderly passed on to downstream customers.
On June 11, Megi Intelligent stated during an institutional investor briefing that the company currently holds a large inventory, a significant portion of which consists of stored memory chips. At the early stage of memory chip price increases, the company made substantial strategic stockpiling based on its R&D projects, order volumes, and market forecasts to ensure timely delivery to customers, positively impacting subsequent product profitability. The increased costs from memory chip price hikes are being reasonably and orderly passed on to downstream customers, with price adjustments implemented for products such as automotive solutions and overseas telecom operators' 5G equipment.
9. Meirui New Materials: The PPDA product has successfully been produced and is currently in the stage of downstream customer development and product validation.
Meirui New Materials stated on the interactive platform that PPDA (p-phenylenediamine) is an aromatic diamine and a core raw material for para-aramid and polyimide, and can also be used to produce azo dyes, sulfur dyes, and others. The company has successfully produced qualified PPDA products with performance metrics meeting target specifications, and is currently in the stage of developing downstream customers and validating the product. The sales team is actively engaging with target customers in the aramid and related fields to achieve market breakthroughs as soon as possible.