Evening hot spots of A shares | Witness history! The largest IPO in history is coming. How much will the first day fluctuation be?

Evening News Highlights 1. Witnessing History! The largest IPO in history is coming. How big will the first day's fluctuation be? Significance: On June 12th, the stock price of SpaceX, the space exploration technology company, opened 29% higher than the issue price on its first day of trading. SpaceX held its listing ceremony on the Nasdaq Stock Exchange with the stock code SPCX. The IPO price was $135 per share, valuing the company at approximately $1.77 trillion. Currently, SpaceX generates most of its revenue from its satellite internet business and also has a growing artificial intelligence business. Following SpaceX's listing, stocks in the U.S. aerospace sector further declined. The Ark Space Exploration ETF fell 4.6%, the Procure Space ETF fell 5.5%. Intuitive Machines stock price fell 10.3%, Planet Labs stock price fell 7.8%, Rocket Labs stock price fell 8.8%, and Satellite Logics stock price fell 9.8%. Meanwhile, the space sector ETF fell by 5.9%. Closed-end funds holding SpaceX stock also declined, with Fundrise Innovation dropping by 6.3% and DestinyTech100 falling by 7%. Underwriters and traders expect that SpaceX's stock price may experience significant volatility in the early stages of trading, partly due to the expectation that a large proportion of the shares will be held by retail investors. Some individuals who anticipate a rush of retail buyers are concerned that panic selling may also occur. 2. May financial data released! The social financing scale increased by 7.7% year-on-year, and an interpretation is provided. Significance: The People's Bank of China released financial data for May 2026. The data shows that the scale of social financing at the end of May 2026 was 458.81 trillion yuan, an increase of 7.7% year-on-year. Among these, the balance of RMB loans issued to the real economy was 277.4 trillion yuan, an increase of 5.5% year-on-year. Overall, in the first five months of 2026, the accumulated increase in the scale of social financing was 17.48 trillion yuan, at a relatively high level. Authoritative experts stated that China's scale of social financing and broad money have maintained a reasonable growth trajectory, and the social financing conditions continue to remain relatively loose. The transmission of monetary policy has been overall effective this year. In a context of ample liquidity and relatively loose credit conditions, the transmission of monetary policy to the ultimate targets such as commodity prices depends on whether residents and companies are willing to increase financing, expand spending, and investment. This requires a concerted effort from fiscal, monetary, and industrial policies to stimulate endogenous growth momentum more effectively. 3. The Strait of Hormuz opens to welcome big news, international oil prices plummeted briefly! Trump responds Significance: On June 12th, crude oil prices narrowed by less than 2%, after previously falling by over 5%. WTI crude oil futures price fell by 1.73% to $86.197 per barrel; Brent crude oil futures price fell by 1.36% to $89.152 per barrel. In terms of news, U.S. President Trump posted on social media on the 12th, stating that the draft agreement between the U.S. and Iran published by Iranian media has nothing to do with the agreement reached in writing between the U.S. and Iran and is inconsistent with facts. 4. CSRC: Comprehensively promote a new round of capital market reform and leverage the role of the Sci-Tech Innovation Board reform as an "experimental field" Significance: On June 12th, Zhao Guofu, Deputy Director of the Shanghai Regulatory Bureau of the China Securities Regulatory Commission, stated that the CSRC will work with all parties to thoroughly implement the deployment requirements of the national "15th Five-Year Plan", using the deepening of comprehensive capital market investment and financing reform as the traction, comprehensively advancing the implementation of a new round of capital market reform and opening-up, further leveraging the role of the Sci-Tech Innovation Board reform as an "experimental field", continuously enhancing the inclusiveness, adaptability, attractiveness, and competitiveness of China's capital market system, optimizing the full lifecycle financial services for technology-oriented enterprises, and better supporting the building of a financial powerhouse and Chinese-style modernization. 5. Strictly control style drift! New regulations for public funds are introduced, allowing up to 17 months for rectification Significance: On June 12th, the China Securities Investment Fund Industry Association released the "Guidelines for Managing Investment Style of Theme Investment Funds in Publicly Offered Securities Investment Funds", aimed at regulating the issue of style drift in theme investment funds and strengthening the management and supervision of investment styles in theme investment funds. The guidelines will take effect from December 1st. For existing theme investment funds that do not comply with the 6th article of the guidelines, they must amend the fund contract and prospectus and complete the rectification within 12 months after the guidelines come into effect. 6. Not less than 200,000! PBOC proposes to lower the starting amount for individual subscription of large-denomination certificates of deposit Significance: The People's Bank of China issued a notice for public comments on the "Management Measures for Large-denomination Certificates of Deposit." The measures specify the scope of issuers and investors, deposit elements, issuance preparations, and issuance and sustainability period management, information disclosure, and supervision management, primarily confirming the management requirements for the large-denomination certificates of deposit market. First, the starting amount for individual investors to subscribe for large-denomination certificates of deposit is proposed to be lowered to not less than 200,000 yuan. Second, based on the actual needs of early withdrawal, redemption, and transfer of large-denomination certificates of deposit, it is clarified that third-party platforms and banks' proprietary channels may conduct the transfer, early withdrawal, and redemption of large-denomination certificates of deposit. Third, it is clarified that after a significant event occurs, the issuer should promptly disclose the information on the official website of the institution and the information disclosure platform. 7. SSE: Key monitoring of global chip LOF and other funds with high premiums this week According to the Shanghai Stock Exchange, from June 8th to June 12th, the Shanghai Stock Exchange implemented self-regulatory measures for 433 cases of abnormal trading behavior, such as manipulation and false declaration, focusing on monitoring funds with high premiums, including global chip LOF, Caitong Fuxin LOF, as well as conducting special checks on 22 listed companies with significant issues, reporting one suspected case of illegal activities to the China Securities Regulatory Commission. 8. Multiple insurance asset management institutions approved to participate in the "southbound link" of the Bond Connect Significance: The long-awaited participation of insurance assets in the "southbound link" of the Bond Connect has been officially launched. Recently, Taikang Asset Management was entrusted by Taikang Life Insurance to conduct business under the "southbound link" and completed the first investment transaction. According to information obtained by Securities Times reporters from various sources in the industry, not only Taikang Life Insurance but also China Life Insurance, Ping An Life Insurance, Taibao Life Insurance, Taiping Life Insurance, and PICC Life Insurance have been granted initial approval to participate in the "southbound link" bond investment, with some institutions having already completed their first investment. This opening of the Bond Connect "southbound link" to non-bank institutions has been ongoing since its launch in September 2021. Early Opportunities According to the market attention identified by Self-select Stock, companies related to storage are worth focusing on. 1. With registration passed, Changxin Technology's Sci-Tech Innovation Board IPO is one step closer! Which companies may benefit? According to the website of the China Securities Regulatory Commission, the CSRC has approved the registration of the initial public offering of shares by Changxin Technology Group Co., Ltd. As a storage chip manufacturer using the IDM model, Changxin Technology has undergone multiple rounds of financing for its development, eventually forming a large-scale and diversified shareholder camp. In Changxin Technologys latest prospectus, CMSC, Huaan, China Securities Co., Ltd., Founder and CICC appeared, with each making investments in Changxin Technology through their subsidiaries or equity funds. In addition, several A-share companies, such as GigaDevice Semiconductor Inc., Shanghai Gentech, Gansu Shangfeng Cement, Hefei Urban Construction Development, Hefei Department Store Group, and Zhongshan Public Utilities Group, have revealed they had invested in Changxin Technology through their private equity funds at various points in time. Other sectors worth focusing on include: 2. Passive Components: China successfully developed three-dimensional multilayer on-chip capacitors, which can be directly applied to high-end chips such as AI/GPU chips and high-performance processors. 3. AI Applications: Tencent Cloud has reduced the prices of the MiniMax-M3 and Hy-MT2-Pro models. 4. Pumped Storage: China plans to add around 100 billion kilowatts of pumped storage capacity investment. 5. Silver Economy: Guangdong Province aims to create at least 2 national-level silver economy industrial parks by 2030. Positive and Negative Announcements by Listed Companies In terms of predominantly positive announcements, it is worth noting that Shenzhen Metro Group is providing a loan of over 11 billion yuan to China Vanke Co., Ltd.; while predominantly negative announcements, Suzhou Goldengreen Technologies received a decision to delist its stock, among others. Predominantly Positive Announcements: 1. China Vanke Co., Ltd.: Shenzhen Metro Group is providing the company with a loan of no more than 11.4 billion yuan. 2. Sanan Optoelectronics: Chairman Lin Zhiqiang increased his stake in the company by 1 million shares through concentrated bidding. 3. Boe Technology Group: Received a 900 million yuan special loan from Agricultural Bank of China for share repurchases. 4. Lecron Industrial Development Group: Revoked other risk warnings and changed its stock abbreviation to Lianchuang Stock starting from June 16th. 5. Shandong Hi-Speed Road & Bridge Group: Its subsidiary jointly bid for the construction project of Weifang to Yiyuan Expressway worth 4.206 billion yuan. Predominantly Negative Announcements: 1. Suzhou Goldengreen Technologies: Received a decision to delist its stock, with the company's stock entering the delisting process starting from June 23rd. 2. Shenzhen Breo Technology: Received a "Notice of Administrative Penalty Advance Notification," with the company being fined 2.5 million yuan. 3. China National Software & Service: the company was fined 40,500 yuan by the Ministry of Finance for colluding in government procurement. 4. Nanya New Material Technology: Proposes to reduce its stake in repurchased shares by no more than 2.3518 million shares. 5. Beijing Jingxi Culture & Tourism: Shareholder Qingdao Haifa plans to reduce its stake by no more than 3% of its shares. This article is reproduced from "Tencent Self-selected Stocks", edited by GMTEight: Xu Wenqiang.