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Cui Dongshu: The prices of conventional RBOB Gasoline vehicles continue to rise, while the average price of Electric Vehicles has gradually decreased recently.
The significant drop in prices reflects the active Consumer engagement with Electric Vehicles, which is a positive development.
The first interest rate cut of the year has been implemented! This releases approximately 1 trillion yuan in long-term liquidity.
① The People's Bank of China lowered the reserve requirement ratio of Financial Institutions by 0.5 percentage points starting from May 15, providing approximately 1 trillion yuan in long-term liquidity to the market; ② This adjustment aims to encourage Financial Institutions to support the real economy, especially in the fields of Autos finance and leasing.
Hong Kong Stock Morning Report | China increased its social financing by 16.34 trillion in the first four months, and Tencent's revenue in the first quarter increased by over 13% year-on-year.
① From January to April, China's social financing scale increased by 16.34 trillion yuan, which is 3.61 trillion yuan more than the same period last year. ② The USA has adjusted tariffs on China. ③ Multiple departments jointly issued 'Policies and Measures to Accelerate the Construction of the Technology Finance System to Strongly Support High-Level Technological Self-Reliance and Strength.' ④ Alibaba has open-sourced the video generation and editing model Wan2.1-VACE.
Top Gap Ups and Downs on Wednesday: TM, AMD, RELX and More
US stocks are moving | Li Auto (LI.US) rises over 2%, Daiwa reaffirms "outperform" rating.
On Wednesday, Li Auto (LI.US) rose over 2%, reaching $28.60.
Li Auto Could Face Margin Pressure -- Market Talk