• The State Council has issued the "15th Five-Year Plan for Urban Renewal," outlining targets, key tasks, major projects, and policy measures for urban renewal during the 15th Five-Year Plan period. The plan aims for significant progress in urban renewal actions by 2030, with initial results in transforming urban development and construction methods. It seeks to strengthen safety foundations, enhance service efficiency, improve living environments, accelerate the shift to new growth drivers, effectively protect cultural heritage, highlight distinctive features, significantly raise governance levels, and make cities spaces for high-quality living.
• The National Development and Reform Commission recently held a video conference on ensuring energy supply for the 2026 summer peak demand period. The meeting noted that China's energy supply capacity has been continuously strengthening in recent years, laying a solid foundation for energy security during peak summer periods. By the end of April, the national power generation installed capacity reached 39.9 billion kilowatts, an increase of 50 billion kilowatts compared to the same period last year. Currently, coal inventory at nationally dispatched power plants exceeds 200 million tons, with an average available period of over 30 days, maintaining a relatively high level. Medium- and long-term energy contracts have achieved high signing and fulfillment rates, solidifying the "basic foundation" for supply and price stability. It is expected that energy supply and demand will be generally balanced during the upcoming summer peak period, ensuring overall energy and electricity supply for economic and social development and people's livelihoods.
• On May 28, the National Healthcare Security Administration released the "Work Plan for Formulating the National Basic Medical Insurance Medical Service Items Catalog (First Batch) (Draft for Comments)." The administration indicated that the first batch will consider formulating a national medical insurance items catalog covering 11 categories, including clinical scale assessment, traditional Chinese medicine (moxibustion, cupping, massage), TCM external treatments, TCM acupuncture, TCM orthopedics, special TCM therapies, dental implants, assisted reproduction, obstetrics, radiological examinations, and rehabilitation. The formulation of the first batch catalog will proceed in three stages: preparation, evaluation, and release.
• In response to questions regarding the EU's plan to implement a new steel tariff policy starting July 1 this year, He Yadong, spokesperson for the Ministry of Commerce, stated during a regular press conference on the 28th that China is currently engaged in negotiations with the EU within the WTO framework. China looks forward to reaching a mutually beneficial outcome through negotiations to promote the stable and healthy development of China-EU economic and trade relations.
• On May 28, the market regulatory authorities of Beijing and Shanghai signed the "Cooperation Framework Agreement on Food Safety Governance for Third-Party Online Catering Platforms," establishing a collaborative governance mechanism for online catering food safety. On the same day, a joint administrative guidance meeting was held with major food delivery platform companies, guiding Meituan (registered in Beijing), Taobao Flash Purchase (registered in Shanghai), and JD Delivery (registered in Shanghai) to refine and implement measures to strictly fulfill their food safety responsibilities.
• On May 28, the 2026 Global Investors Conference, hosted by the Shenzhen Stock Exchange, was held in Shenzhen. Moving forward, under the leadership of the China Securities Regulatory Commission, the Shenzhen Stock Exchange will adhere to the principles of marketization, rule of law, and internationalization. It will deepen reforms, expand openness, optimize services, focus on improving institutional inclusiveness and adaptability, better serve the development of new industries, new business models, and new technology enterprises, and continuously enhance its capacity to serve the development of new quality productive forces.
• The State Administration for Market Regulation and the National Development and Reform Commission jointly issued the "Guidelines for Artificial Intelligence Metrology System and Capacity Building (2026 Edition)," systematically planning the construction of AI metrology capabilities. The guidelines focus on six major areas: foundational support, general technologies, core technologies, metrology technical specifications, metrology services for industries, and intelligent empowerment of metrology, aiming to bridge the "last mile" between laboratory innovation and industry application.
• The Ministry of Industry and Information Technology held the second meeting of the national working group for the recycling and utilization of new energy vehicle power batteries on the 28th. The meeting emphasized the use of legal means to standardize recycling and utilization, and called for investigating and punishing violations according to laws and regulations. These include illegally selling used power batteries, producing substandard products using used power batteries, failing to fulfill information traceability responsibilities, causing environmental pollution through illegal dismantling, and operating without a license.
• On May 28, the 2026 World Intelligent Industry Expo, themed "Intelligent Actions, Dynamic Future," opened in Tianjin. Over a hundred types of robot systems and related products comprehensively demonstrated application scenarios, highlighting the strong momentum and bright prospects of artificial intelligence accelerating its integration into social life and economic development, empowering various industries.
• The divestment plan of the National Integrated Circuit Industry Investment Fund Co., Ltd. continues to advance. On the evening of May 28, two semiconductor companies, Shanghai Silicon Industry and Debang Technology, disclosed progress announcements regarding major fund reductions. On the same day, Hong Kong Exchange filings showed that the major fund's long position ratio in SMIC's H-shares had fallen below 8%.
• LightCounting forecasts indicate that the global optical module market will maintain a high growth rate of approximately 60% in 2026, with the global market size expected to approach $60 billion by 2031. Industry consensus is that 1.6T optical modules have entered the stage of commercial volume production, with upstream bottlenecks concentrated in the shortage of core components such as high-end EML chips (Electro-absorption Modulated Laser chips) and DSP chips (Digital Signal Processing chips).
• Catalyzed by AI computing power and electricity demand, SST (Solid-State Transformer) technology is quietly becoming a new trend in the power equipment sector. Recently, several listed companies have announced their entry into the SST field.
• On the afternoon of May 28, SAIC Motor delivered its 100 millionth vehicle, marking the birth of China's first automotive group to achieve a cumulative production and sales volume exceeding 100 million vehicles in Shanghai. The emergence of China's first "hundred-million-level automaker" vividly illustrates the Chinese automotive industry's journey from nothing to something, from weakness to strength over more than 70 years, and represents a significant milestone for "Made in China."
• According to an announcement from CITIC Securities, the company plans to issue H-shares to its related party, CITIC Financial Holdings, raising a total of 16 billion yuan, to be fully subscribed in cash by CITIC Financial Holdings. The issue price is set at HKD 23.13 per share, and the number of shares to be issued will be calculated based on the total fundraising amount divided by the issue price. This issuance constitutes a connected transaction, has been approved by the company's board of directors, with connected directors abstaining from voting. It still requires approval at the shareholders' meeting, approval from the Hong Kong Stock Exchange, and other necessary approvals before implementation, and uncertainties remain. Shares subscribed by CITIC Financial Holdings are subject to a lock-up period of 48 months from the completion of the issuance.
• According to an announcement from Montage Technology, the company's shareholder, Shanghai Rongying Enterprise Management Partnership (Limited Partnership), transferred 12.228 million A-shares of the company through an inquiry transfer method. The transfer price was 250.08 yuan per share, with a transaction amount of approximately 3.058 billion yuan. After this change in equity, the combined shareholding ratio of Shanghai Rongying and its concert party, WLTPartners, L.P., decreased from 6.84% to 5.78%, crossing the 1% threshold. The transferees included 20 institutional investors such as UBS AG and Morgan Stanley International. The transferred shares are subject to a lock-up period of 6 months. This transfer will not change the company's status of having no controlling shareholder and no actual controller.
• The Listing Review Committee of the Shenzhen Stock Exchange held its 27th meeting of 2026 on the 28th. The review results showed that Green Biological Technology Co., Ltd.'s initial public offering complies with issuance conditions, listing conditions, and information disclosure requirements. Green Biological focuses on the research, development, production, and sales of fragrance products, having formed three major product series: turpentine, cedarwood oil, and fully synthetic fragrances. After deducting issuance expenses, the IPO proceeds will be primarily allocated to projects such as "Annual Production of 6,300 Tons of High-Grade Fragrances," "Intelligent Renovation of Factory Facilities," and "Research, Development, and Innovation Upgrade."
• On May 28, the Listing Review Committee of the Beijing Stock Exchange held its 51st meeting of 2026. The review results indicated that Beijing Beier Biological Engineering Co., Ltd.'s initial public offering complies with issuance conditions, listing conditions, and information disclosure requirements. Beier Biological is a national-level "little giant" enterprise specializing in the research, development, production, and sales of in vitro diagnostic reagents and supporting instruments. After deducting issuance expenses, the IPO proceeds are intended for projects including the construction of a production base for in vitro diagnostic reagents and instruments and the construction of a research and development center.
• At BYD's Intelligent Strategy Launch Conference on May 28, BYD unveiled its self-developed 4nm intelligent driving chip, the Xuanyi A3. Wang Chuanfu, Chairman of BYD Group, stated that the combined computing power of three such chips exceeds 2100 TOPS. This is China's first 4nm intelligent driving chip, capable of supporting L3 and L4 autonomous driving.
• A latest report released by the World Meteorological Organization on the 28th predicts that during the period from 2026 to 2030, the global average temperature may continue to remain at or near record-high levels, with temperature increases in the Arctic expected to be higher than the global average.
• U.S. Treasury Secretary Bessant stated at a White House press conference on the 28th that whether the U.S. and Iran can reach a potential agreement depends on whether President Trump supports it.
• Second estimate data released by the U.S. Department of Commerce on the 28th showed that U.S. Gross Domestic Product (GDP) grew at an annualized rate of 1.6% in the first quarter of this year, lower than the initial estimate of 2%.
• Japanese media reported on the 28th that due to the situation in the Middle East, several Japanese flour milling companies will raise prices for hundreds of products including wheat flour, cake mixes, and pasta starting in August, with some products seeing increases of up to 24%.
• Calculations by Goldman Sachs Group show that as of the end of April, global crude oil inventories were approximately equivalent to 101 days of global demand. It is estimated that by the end of May, this will decrease to 98 days. Among these, "visible inventories" observable via satellites and other means are expected to have only 73 days of demand remaining.
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