On May 16th, as of the midday trading session, the three major indices collectively rose. The Shanghai Composite Index increased by 0.48%, the Shenzhen Component Index by 0.83%, and the ChiNext Index by 1.14%. The real estate development, architectural decoration, tourism, media, and copper cable high-speed connection sectors led the gains, while the port shipping, automobile manufacturing, and traditional Chinese medicine sectors experienced adjustments. The majority of individual stocks rose, with over 3,700 stocks increasing in value.

Let's review the market hotspots from the morning session.

**Real Estate Sector Continues to Soar**

As of the midday session, Hefei Urban Construction, Binjiang Group, Nanguo Real Estate, and Tiandi Source all hit their upper limit, with Rongsheng Development, Guangyu Group, Vanke A, and several other stocks following suit.

In terms of news, according to the Housing and Urban-Rural Development Bureau of Lin'an District, Hangzhou, the Lin'an District People's Government has decided to purchase a batch of commercial housing to be used as public rental housing. The housing units are to be acquired in whole buildings, with individual units not exceeding 70 square meters in area, and the purchased units must be accompanied by a certain proportion of parking spaces.

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**Copper Cable High-Speed Connection Concept Stocks Rise**

As of the midday session, Chuangyi Tong, Huam Technology, and Shengyu Shares all reached their upper limit, with Dingtong Technology increasing by over 8%.

**Tourism Sector Lifts During the Session**

As of the midday session, Tibet Tourism hit its upper limit, Lingnan Holdings increased by over 5%, and Emei Mountain A, Jiuhua Tourism, Changbai Mountain, and several other stocks followed with gains.

**National Food and Strategic Reserves Administration Holds 2024 National Summer Grain and Oil Purchase Work Conference**According to the National Food and Strategic Reserves Administration website, on May 15th, the administration held a national conference on the procurement of summer grain and oil. The conference emphasized that the summer grain procurement is the first battle of the annual grain procurement, and doing a good job in summer grain procurement is an important measure to protect the interests of grain farmers, ensure the stable operation of the grain market, and ensure the stable and safe supply of grain and other important agricultural products.

**Central Cyberspace Affairs Commission and five other departments jointly issue the "Digital Rural Construction Guide 2.0"**

The Secretariat of the Central Cyberspace Affairs Commission, the Office of the Ministry of Agriculture and Rural Affairs, the Office of the National Development and Reform Commission, the Office of the Ministry of Industry and Information Technology, the Office of the State Administration for Market Regulation, and the Comprehensive Department of the National Data Bureau have recently jointly issued the "Digital Rural Construction Guide 2.0". The "Guide 2.0" mainly optimizes and improves the "Guide 1.0" in five aspects. First, the original "public support platform" content is included in "agricultural data resources", emphasizing better utilization of the value of data elements. Second, "smart agriculture" is separated from "rural digital economy" to better guide the development of smart agriculture in various regions. Third, "construction development model" and "construction process management" are integrated and optimized into "construction methods", further highlighting the operability of the guide. Fourth, the safeguard measures are refined, the work tasks at the municipal level are supplemented, and the division of tasks among provinces, cities, and counties is clarified. Fifth, typical cases are perfected, and the cases are optimized and improved in combination with the innovative practice results of recent years, enhancing the reference value of the guide.

**National Medical Security Administration organizes a discussion on the total budget of the fund**

According to the National Medical Insurance Administration, on May 9th, the administration organized a discussion on the total budget management of the medical insurance fund in some areas. Huang Huabo, a member of the Party group and deputy director of the National Medical Insurance Administration, attended, and the heads of relevant units of the Ministry of Finance and the National Medical Insurance Administration participated. Huang Huabo pointed out that fund management is the lifeline of all medical insurance work. Medical insurance departments at all levels should attach great importance to fund management work, strengthen awareness of responsibility and risk, standardize fund budget management, strengthen fund operation monitoring, improve the fund management toolkit, and conduct medium and long-term balance analysis and evaluation of the fund to ensure the safety of the fund.

**Hefei's first housing loan interest rate is about to be reduced**

According to Anhui Traffic Radio, last night, the "Notice on Further Adjusting and Optimizing Real Estate Policy Measures in Hefei City" was officially released. Several banks revealed that they have started to follow up overnight and are studying further reductions in the first housing loan interest rate. Relevant personnel said that the current qualification recognition for the first house loan in Hefei is relatively relaxed. The method of determining the first house by county (city) district and development zone is quite innovative in the country. Banks will fully support the relevant policy requirements and further significantly reduce the interest rate of commercial personal housing loans for the first house.

**Ningbo suspends the permit for new vehicles of "DiDi"? Official response: true**

According to China Ningbo Network, on May 15th, a screenshot of the "Notice on Suspending the New Handling of DiDi and Wanshun Online Car Hailing Vehicles" was circulated in various WeChat groups in Ningbo. "The content on the screenshot is true." A person in charge of the relevant department of the Ningbo Transportation Law Enforcement Team told reporters. This notice comes from the special rectification action of the taxi market order jointly carried out by the Ningbo Municipal Transportation Bureau and the Public Security Bureau. Due to the double compliance rate of orders on both platforms being lower than 99%, the Ningbo Municipal Transportation Bureau issued a rectification notice, requiring the other party to complete the rectification within three months. "The so-called 'double compliance' refers to the compliance of both vehicles and personnel. Vehicles must have the 'Network Car Hailing Transportation Permit', and drivers must have the 'Network Car Hailing Driver's License'." The person in charge said.

**Xiaomi's large language model MiLM officially passes the large model filing**

The large language model MiLM of Xiaomi has officially passed the large model filing.According to official news from Xiaomi, the Xiaomi Large Language Model (MiLM) has officially passed the large model filing process. The Xiaomi Large Language Model will be gradually applied to Xiaomi's automotive, mobile phone, smart home, and other products, and will also be opened up for more users to experience in the future.

**WuXi AppTec: Strongly Opposes the Unreasonable Definition of the Company in the U.S. "Biosecurity Act" Draft**

WuXi AppTec announced that it has learned that on May 15, the U.S. House of Representatives Committee on Oversight and Accountability voted to report to the House a legislative draft numbered H.R.8333, which is a revised version of the previously numbered H.R.7085, the proposed "Biosecurity Act" draft. The revisions in the H.R.8333 draft include but are not limited to removing previous allegations against WuXi AppTec; and adding a non-retroactive clause, which exempts existing contracts signed before the proposed restrictive provisions take effect.

WuXi AppTec stated that despite the U.S. government agencies having assessment procedures for national security issues, the H.R.8333 draft still retains the company's name in the definition of "biotechnology companies of concern," and the company strongly opposes this presumptive and unreasonable definition without due process. The company firmly believes that WuXi AppTec has not, and will not in the present and future, pose a national security risk to the United States or any other country, and the company has never been sanctioned by any U.S. government agency. The company also reaffirms that WuXi AppTec does not have any human genomics business, and the company's existing various businesses do not involve collecting human genomic data in the United States, China, or any other region.