Mini Program: Quick News Brief on A-Share Market Before Trading
Important News
Li Qiang signed a State Council order to promulgate the "Regulations for the Implementation of the Mineral Resources Law of the People's Republic of China."
Premier Li Qiang of the State Council has signed a State Council order announcing the "Implementation Regulations of the People's Republic of China Mineral Resources Law," which will take effect on June 15, 2026. The Regulations consist of eight chapters and 79 articles, primarily covering the following provisions: First, further improving the mineral rights system by specifying regulations on the establishment, grant, renewal, and transfer of mineral rights. Second, detailing systems related to mineral exploration and mining, including establishing and improving technical standards and normative frameworks for basic geological surveys, clarifying procedures for applying for exploration and mining licenses, strengthening land security for mining operations, promoting comprehensive utilization of mineral resources, and affirming the legal validity of mineral resource reserve reports. Third, refining systems related to ecological restoration of mining areas. Fourth, further improving the mineral resource reserve and emergency response system by defining principles for establishing a strategic mineral resource reserve system, elaborating on systems for strategic mineral product reserves, production capacity reserves, and origin reserves, and enhancing emergency response measures for mineral resources. Fifth, further improving supervision and management systems. (Xinhua News Agency)
2. Ministry of Finance: Securities transaction stamp tax increased by 74.8% year-over-year in the first four months of this year.
The Ministry of Finance has released the fiscal revenue and expenditure data for January–April 2026. From January to April, national general public budget revenue reached RMB 8.3404 trillion, an increase of 3.5% year-over-year. Of this, national tax revenue amounted to RMB 6.8097 trillion, up 3.9% year-over-year, while non-tax revenue reached RMB 1.5307 trillion, up 1.6% year-over-year. On a central and local government basis, central government general public budget revenue was RMB 3.5474 trillion, up 4.6% year-over-year, and local government general public budget revenue was RMB 4.7930 trillion, up 2.7% year-over-year. Stamp duty totaled RMB 206.3 billion, up 27.8% year-over-year, including RMB 93.5 billion in securities transaction stamp duty, up 74.8% year-over-year.
3. Zheng Zhane: Thoroughly address "cutthroat" competition and actively expand productive investments
On May 20, Director of the National Development and Reform Commission, Zheng Zhanjie, presided over a symposium with private enterprises to hear opinions and suggestions on the current economic situation, new characteristics, changes, and trends in industry operations, and the implementation of macro policies at the micro level. Zheng Zhanjie stated that the NDRC will thoroughly implement the decisions and arrangements of the CPC Central Committee and the State Council, fully carry out all tasks outlined in the 15th Five-Year Plan Outline, make full use of macro policies, promote technological self-reliance and strength, ensure the autonomy and controllability of industrial chains, address "cutthroat" competition, actively expand effective investment, improve long-term mechanisms for private enterprises to participate in major national projects, and continuously enhance the internal driving force of economic development. At the same time, the NDRC will earnestly promote the implementation of the Law on Promoting Private Economy, strengthen research and policy preparation on major issues in the private economy sector, and foster coordinated efforts between government and enterprises to promote the healthy and high-quality development of the private economy. (National Development and Reform Commission)
4. ChangXin Technology's科创板 IPO will be reviewed on May 27.
According to the Shanghai Stock Exchange website, the SSE Listing Review Committee will hold its 27th meeting of 2026 on May 27 to review the initial public offering of Changxin Technology Group Co., Ltd.
5. Ministry of Foreign Affairs: China has decided to extend its visa-free policy for Russia until December 31, 2027.
On May 20, Foreign Ministry spokesperson Guo Jia Kun presided over a regular press briefing. A CCTV reporter asked what new achievements were made in facilitating personnel exchanges during President Putin’s visit to China. Guo Jia Kun stated that to further facilitate personnel exchanges between China and Russia, China has decided to extend its visa-free policy for Russian citizens until December 31, 2027. Russian citizens holding ordinary passports traveling to China for business, tourism, family visits, or exchanges, and transiting for no more than 30 days, may enter China without a visa. (CCTV News)
6. Joint Statement of the People's Republic of China and the Russian Federation on Further Strengthening Comprehensive Strategic Coordination and Deepening Good-Neighborly Friendship and Cooperation
Joint Statement of the People’s Republic of China and the Russian Federation on Further Strengthening Comprehensive Strategic Coordination and Deepening Friendly Neighborhood Cooperation. The statement includes that both sides will vigorously develop cooperation in fields such as automobiles, ships, and civil aviation, enhance the level of collaboration, adhere to the principle of inclusiveness, and take into account their respective domestic laws and national development priorities to continuously expand cooperation in areas such as digital economy, artificial intelligence and other information and communication technologies, cross-border e-commerce, and mining of related minerals, jointly promoting the implementation of key cooperative projects and further unlocking the potential of China-Russia cooperation. Both sides support the implementation of projects in the chemical and metallurgical sectors and have agreed to actively promote cooperation in joint mineral development, green standards, and other areas. (Xinhua News Agency)
Individual stock news
China Mobile has launched token packages nationwide, with prices starting at 5 yuan per month.
China Mobile has launched Token packages nationwide. In this innovation, China Mobile has introduced a unified computational power metric, standardizing token consumption across different models and specifications into uniform credits to address inconsistencies in measurement across multiple models. According to a China Mobile representative, the lowest-priced package starts at 5 yuan per month, including a set number of tokens, making it ideal for light users. China Mobile’s Token packages are now available to all users nationwide. In addition to basic computational power packages, China Mobile has deeply integrated Tokens with products such as cloud PCs and cloud phones; users who purchase Token packages can directly use them in AI applications like Tencent WorkBuddy.
2. Ganfeng Lithium: A 10Ah product with a density of 500 Wh/kg has entered small-scale mass production.
On May 20, Ganfeng Lithium stated at its 2025 Annual Shareholders Meeting that, in the field of solid-state batteries, the company is advancing both silicon-carbon and lithium metal anode pathways in parallel, aiming to overcome industrialization barriers. Centered on lithium metal anode technology, the company is accelerating the mass production of high-energy-density batteries. Currently, the cycle life of 400 Wh/kg batteries has exceeded 1,100 cycles and has completed engineering validation, demonstrating strong potential for large-scale application. The world’s first 500 Wh/kg class 10 Ah product has achieved small-batch mass production, setting a benchmark for lithium metal battery industrialization. Meanwhile, the silicon-based anode pathway is also progressing steadily, with a tiered product lineup ranging from 320 to 480 Wh/kg. The 320 Wh/kg cells have surpassed 1,000 cycles, while the 480 Wh/kg technology represents industry-leading performance, meeting diverse application demands for energy density and cycle life.
3. Defang Nanotechnology: Plans to invest a total of RMB 8.7 billion in lithium battery new materials and phosphorus-based new energy materials projects
De Fang Nanometer (300769.SZ) announced that the company intends to sign an investment agreement with the Luquan Yi and Miao Autonomous County People's Government to newly construct the "Luquan De Fang Nanometer Green Phosphorus-Based New Energy Materials Integrated Industrial Chain Project," which includes a new annual production capacity of 300,000 tons of phosphate cathode materials and a配套 annual production capacity of 270,000 tons of nitric acid. The planned total investment is RMB 6.3 billion. The construction period is 24 months, with funding sourced from the company’s own and self-raised funds. This investment does not constitute a related-party transaction and requires approval by the shareholders' meeting. Additionally, the company intends to sign an investment agreement with the Zhan Yi District People's Government of Qujing to newly construct the "De Fang Nanometer Lithium-Ion Battery New Materials Integrated Project" within the Qujing High-Tech Industrial Development Zone, primarily featuring a 200,000-ton-per-year phosphate new materials production line, with an estimated total investment of approximately RMB 2.4 billion. The project is scheduled to commence in May 2026, with a construction period of 24 months. This investment does not constitute a related-party transaction or a material asset restructuring and is not expected to have a significant impact on the company’s performance in the short term.
4. Weilong Shares: As of now, there are no plans to inject "computing power"-related assets.
Weilong Shares (603779.SH) has issued a risk warning notice: recent media reports have suggested that the company will inject computing power assets. To prevent misinformation from misleading investors, the company hereby clarifies that, as of now, it has no plans to inject any “computing power” assets. The company’s stock price has risen sharply in the short term, exceeding the gains of both the industry and the SSE Index, and has deviated from its fundamental value, indicating risks of excessive market sentiment and irrational speculation, with potential for a rapid decline in the future. Investors are hereby reminded to be cautious of trading risks in the secondary market, invest rationally, and pay attention to investment risks.
5. Sanyi Information: Plans to purchase high-performance computing servers, with the total contract amount expected not to exceed RMB 833 million.
Siyi Information (300687.SZ) announced that the company plans to procure high-performance computing servers from suppliers and enter into related purchase agreements, with an estimated total contract value not exceeding RMB 833 million. The acquired assets will primarily be used to provide cloud computing services to customers, representing a key step in expanding the company’s full-stack AI product and solution capabilities—encompassing “computing infrastructure + industry-specific models + business intelligences”—in line with its business strategy of “building computing foundations and enabling model applications.” This transaction does not constitute a significant asset restructuring nor a related-party transaction.
6. BOE: Signed a memorandum of cooperation with Corning to collaborate in key areas such as glass-based substrate packages and foldable glass.
BOE Technology Group announced that, on May 20, 2026, Beijing Time, it signed a memorandum of understanding with Corning Incorporated. BOE possesses leading capabilities in display devices, display modules, advanced manufacturing, process development, application innovation, and industrialization, while Corning has significant strengths in glass materials, advanced materials, and solutions for semiconductor applications. Based on these strengths, both parties will collaborate in key areas including glass-based substrates for packaging, foldable glass, perovskite glass substrates, and photonic interconnect applications, jointly exploring commercially viable technologies and market opportunities. Both parties confirm that the specific terms of collaboration, implementation steps, resource allocation, transaction structures, and commercial conditions for each of these key areas will be further negotiated based on the actual maturity of individual projects and will be finalized in subsequent formal written agreements signed by both parties.
7. Jinjiang: The company is currently not engaged in the core industries of commercial aerospace, nor does it operate data center computing power services.
Jinjiang Construction has issued a notice regarding abnormal fluctuations. The company's stock price experienced cumulative daily closing price declines exceeding 20% over three consecutive trading days on May 18, May 19, and May 20, 2026, which, according to the relevant regulations of the Shenzhen Stock Exchange, constitutes an abnormal fluctuation in stock trading. The company is currently not engaged in the core industries of commercial aerospace (including rocket development, satellite manufacturing, launch services, etc.) nor does it operate data center computing power services. It only provides infrastructure support services for these sectors through its core businesses of decoration and electromechanical engineering. Currently, the company has undertaken only a limited number of supporting projects for commercial launch sites and data center construction, including offices, restaurants, apartment buildings, and electromechanical works, collectively accounting for less than 1% of total revenue and having no material impact on its performance.
8. Potevio: Plans to invest RMB 5.6 billion in a project to produce 7.2 billion square meters of lithium-ion battery separators annually.
Potee announced that the company plans to invest in the construction of a lithium-ion battery separator production facility with an annual capacity of 7.2 billion square meters to ensure a stable supply of base films for its core downstream customers. The total investment for this project is RMB 5.6 billion, to be implemented in two phases. Phase one has a total investment of RMB 2.6 billion and will involve the construction of eight base film production lines by its wholly-owned subsidiary, Sichuan Zhuoqin New Materials Technology Co., Ltd., on existing land; upon completion, this phase will achieve an annual production capacity of 3.2 billion square meters of lithium-ion battery separators, constituting Subproject 3 of Phase Two of the Sichuan Zhuoqin Integrated Base Film and Coating Project. Phase two has a total investment of RMB 3 billion and will involve the acquisition of land in Qionglai City by its wholly-owned subsidiary, Sichuan Gaopu Materials Technology Co., Ltd., to construct eight additional base film production lines, which will result in an annual production capacity of 4 billion square meters of lithium-ion battery separators upon completion.
9. CIMC: The U.S. Department of Justice has accused the company and certain executives of conspiring to limit production and manipulate prices of specific non-refrigerated shipping containers.
CIMC (000039.SZ) announced that it has become aware today of the U.S. Department of Justice’s public announcement charging CIMC, Chairman Mai Boliang, Vice President Huang Tianhua, and employee Wan Yongbo with conspiring to limit production and manipulate prices of specific non-refrigerated shipping containers. As of the date of this announcement, neither the company nor the aforementioned individuals have received any related legal documentation. The company is treating this matter with the utmost seriousness and will continue to closely monitor developments and respond proactively.