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On Wednesday local time, U.S. stocks rose across the board, with the Dow Jones Industrial Average up 0.25%, the Nasdaq Composite up 1.96%, and the S&P 500 up 1.18% at the close. Notably, both the Nasdaq and the S&P 500 hit new historical highs.

Leading technology stocks generally closed higher, with Meta up 3.79%, Netflix up 2.95%, Microsoft up 1.91%, Amazon up 1.08%, Google's parent company Alphabet up 0.93%, Apple up 0.78%, and Tesla up 0.12%.

Popular Chinese concept stocks were mainly up, with the NASDAQ Golden Dragon China Index up 1.60%. NetEase rose 6.17%, Tiger Brokers rose 4.20%, XPeng Motors rose 3.09%, Baidu rose 2.69%, Bilibili rose 2.55%, Zhihu rose 2.48%, Alibaba rose 1.76%, JD.com rose 1.73%, Weibo fell 1.76%, and Pinduoduo fell 2.11%.

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In terms of individual stocks, Nvidia's share price soared 5.16% as investors continued to favor the company that provides chips for the artificial intelligence boom, pushing Nvidia's market value to a record $301.2 billion. With this, Nvidia's market value surpassed Apple, which closed on Wednesday with a market value of approximately $300.3 billion, becoming the second-largest publicly traded company in the U.S. after Microsoft. At the close, Microsoft's market value was about $315.1 billion.

In terms of data, the U.S. ADP Employment Report showed that private sector jobs increased by 152,000 in May, the lowest record since January this year, far below the average of 194,000 last year.

►► The National Press and Publication Administration updated the approval information for imported online games in 2024, adding 15 new games on June 5th.

►► FTSE Russell announced that COSCO Shipping and CRRC Corporation Limited have been included in the FTSE China A50 Index, effective after the market closes on June 21st.

►► The General Office of the People's Government of Guangdong Province issued the "Guangdong Province Action Plan for Promoting High-Quality Development of Distributed Photovoltaics." It mentions that to adapt to the future needs of green product production and consumption, the construction of green low-carbon industrial parks should be accelerated. New industrial parks should be planned and built in conjunction with distributed photovoltaics, striving for a photovoltaic coverage rate of 50% on the roofs of new factory buildings by 2025 and full coverage by 2030. Comprehensive green transformation should be implemented for existing industrial parks, aiming for a photovoltaic coverage rate of not less than 50% by 2030. Actively promote various industrial and commercial enterprises outside the parks with development conditions to use roofs and surrounding approved construction land to build photovoltaic power generation systems.

►► According to data from the China Passenger Car Association, preliminary statistics show that from May 1st to 31st, the retail sales of the passenger car market were 1.685 million vehicles, a year-on-year decrease of 3%, and a month-on-month increase of 10%. The cumulative retail sales for the year reached 8.052 million vehicles, a year-on-year increase of 5%. From May 1st to 31st, the national passenger car manufacturers' wholesale sales were 2.01 million vehicles, with a year-on-year increase of 0%, and a month-on-month increase of 3%. The cumulative wholesale sales for the year reached 9.56 million vehicles, a year-on-year increase of 8%.

From May 1st to 31st, the new energy vehicle market retail sales were 790,000 vehicles, a year-on-year increase of 36%, and a month-on-month increase of 17%. The cumulative retail sales for the year reached 3.242 million vehicles, a year-on-year increase of 34%. From May 1st to 31st, the national passenger car manufacturers' new energy wholesale sales were 903,000 vehicles, a year-on-year increase of 33%, and a month-on-month increase of 15%. The cumulative wholesale sales for the year reached 3.643 million vehicles, a year-on-year increase of 31%.►► The Bank of Canada announced a rate cut of 25 basis points to 4.75%.

Yan Dong Micro: National Integrated Circuit Fund plans to reduce its stake by no more than 2% of the company's shares

Yan Dong Micro announced that the shareholder, National Integrated Circuit Industry Investment Fund Co., Ltd., which holds 9.42% of the shares, plans to reduce its holdings through block trading. Starting from the date of disclosure of the reduction plan, within three months, it will reduce its shares in the company by no more than 23,982,100 shares, which is no more than 2% of the company's total share capital.

Jin Long Shares: Pre-listing transfer of Zhongshan Securities equity will constitute a significant asset restructuring

Jin Long Shares announced that in order to increase the scale of capital recovery and to accelerate the transformation of the company's business, the company will transfer all 1.206 billion shares (accounting for 67.78% of the total share capital of Zhongshan Securities) it holds in Zhongshan Securities through public listing on the Shanghai United Property Exchange. It is expected that this transaction will constitute a significant asset restructuring. The transaction is still in the planning stage, and the transaction counterparty has not yet been determined.

Xiehe Electronics: The company's revenue structure will not undergo significant changes in the short term

Xiehe Electronics, which has seen three consecutive board increases, issued a risk warning announcement. The company is mainly engaged in the research and development, production, and sales of rigid and flexible printed circuit boards, as well as surface mounting technology (SMT) for printed circuit boards. The products are mainly used in the fields of automotive electronics and high-frequency communication. The company's revenue structure will not undergo significant changes in the short term.

Vanke A: Hong Kong subsidiary will fully repay the principal and interest of $602 million medium-term notes

Vanke A announced that on March 7, 2019, its wholly-owned subsidiary Vanke Real Estate (Hong Kong) Limited disclosed on the Hong Kong Stock Exchange the issuance of $600 million 4.20% medium-term notes due in 2024 (ISIN: XS1958532829). The notes will mature on June 7, 2024. As of June 5, 2024, the principal amount of the notes that has not been repaid, along with the interest accumulated to the maturity date, totals $612 million, which has been fully remitted to the overseas bank account of Vanke Real Estate (Hong Kong) Limited. The company will deposit the relevant funds in full into the designated bank account of the agent bank on June 6, 2024, to fully repay the principal and interest of the matured notes.

Betery: The chairman received a prior notice of administrative penalty

Please note that the translations provided are to the best of my ability to convey the original meaning in English, and some terms may have different connotations or implications in different contexts.Betrayal Announcement: The company's chairman has received a pre-penalty notice from the administrative penalty. The company has been informed by its chairman, He Xueqin, that he has received a "Pre-Penalty Notice of Administrative Penalty" issued by the China Securities Regulatory Commission (CSRC), for suspected insider trading in the case of "Longpan Technology". The CSRC intends to impose an administrative penalty on him. According to relevant regulations, he has the rights to make statements, defend, and request a hearing.

Hualong Securities: The current market has entered a state of stock, with continuous volume reduction in A-share transactions, and the index adjustment trend is obvious. The market in June will enter an adjustment cycle. However, from the perspective of market valuation, the current market has limited downside space, and short-term fluctuations do not change the long-term upward pattern. Patience is needed to wait for the end of the adjustment.

Donghai Securities: The market is still in the consolidation phase since the rebound from the low point in February. In the absence of incremental funds, sector rotation is more obvious, and factors such as geopolitical situations also have disturbances. Overall, domestic demand policies are actively promoting, and expectations are gradually stabilizing and improving, but the fundamentals still need more data for verification.

CITIC Securities: In the second half of 2024, the A-share market will usher in the starting point of an annual level upward trend, with policy effectiveness and improvement in profit quality as the main drivers. The next phase of A-share investment paradigm will be to de-emphasize scale and focus on profits, shifting from the PEG framework of prosperity investment to a premium on free cash flow growth, to enhance investment returns through high-quality development. It is recommended to seize the strategic window to meet the big turning point, and gradually shift the focus of allocation from dividend low fluctuation to high-performance growth.