Pre-market report on A-shares: Trump announces agreement between the US and Iran! International oil prices plunge, gold and silver, and US stock futures all soar.

Pre-market headlines 1. Trump announces US-Iran agreement has been reached! International oil prices plummet, gold, silver, and US stock futures all rise Type: macro Sentiment impact: positive The US and Iran have finally announced the termination of hostile actions. Both parties will officially sign a memorandum of understanding in Switzerland this Friday and then initiate 60 days of nuclear issue negotiations. Trump announced the lifting of the US maritime blockade against Iran and authorized free passage through the Strait of Hormuz. Due to the easing of tensions in the Middle East, spot gold rose by 2% on Monday, spot silver broke through the $70 mark, WTI crude oil fell by 5%, and Nasdaq futures rose by over 1%. The market also reduced bets on a Fed rate hike. 2. Anthropic's strongest model banned, KNOWLEDGE ATLAS's new model fully open! Industry sees value reassessment of domestic models Type: industry Sentiment impact: positive The US government issued export control orders citing national security, requiring the suspension of all foreign citizens' access to Anthropic's strongest models Fable 5 and Mythos 5. KNOWLEDGE ATLAS's domestic large model GLM-5.2 is fully open to GLM Coding Plan users. Industry insiders believe that against the backdrop of increasing uncertainty in accessing closed-source cutting-edge models overseas, the usability, stability, and developer ecosystem value of domestic open source models are being reassessed. 3. Strictly control style drift! New regulations for public offering thematic investments announced, with a maximum of 17 months for transition Type: market Sentiment impact: positive On June 12, the China Securities Investment Fund Industry Association issued the "Guidelines for the Management of Investment Style Drift in Publicly Offered Securities Investment Funds with a Main Theme," aimed at regulating the issue of style drift in thematic investment funds and strengthening the investment style management and supervision of thematic investment funds. The guidelines will be implemented from December 1. For existing thematic investment funds that do not comply with the sixth article of the guidelines, they should amend the fund contract and prospectus and complete the rectification within 12 months after the implementation of the guidelines. 4. Multiple stock index component stocks such as the ChiNext Index are about to be adjusted! Canmax Technologies, Shannon Semiconductor Technology, etc., added Type: individual stocks Sentiment impact: neutral The Shenzhen Component Index, ChiNext Index, Shenzhen 100 Index, ChiNext 50 Index, and other index component stocks will be adjusted today. Among them, the Shenzhen Component Index will include Advanced Technology & Materials, Fspg Hi-Tech, Higold Group, and remove Bbmg Jidong Cement Group co.,Ltd, Pacific Shuanglin Bio-pharmacy, Gansu Energy Chemical, etc. The ChiNext Index will include Canmax Technologies, Shannon Semiconductor Technology, Advanced Fiber Resources, Hunan Goke Microelectronics, and remove Shuanglin Co.,Ltd., Walvax Biotechnology, Byhealth Co.,Ltd, etc. Investment calendar Suiyuan Technology Science and Technology Innovation Board IPO hearing Investment tips Always follow the rules of your investment plan, as this will strengthen good self-control. [English] Bernice Cohen Institutional views 1. CITIC SEC: Style rebalancing has actually begun, and focus on directions with clear performance logic is still needed in allocation. 2. China Securities Co., Ltd.: The internal and external environment is becoming complex, and the A-share market is expected to present a "ceiling on top and floor on bottom" oscillating pattern. 3. GF SEC: The bottom signals of a new round of market sentiment cycles have emerged, and the non-ferrous metals, energy storage, and innovative drugs industry are worth paying attention to. Positive and negative outlook 1. Changxin Technology's IPO registration approved! Net profit in the first half of the year increased by over 2500% Type: market hot topic China Great Wall: Expansion of storage + domestic substitution will drive high prosperity for equipment materials. The shortage in the storage industry is expected to continue until 2027, and the price rise in storage contracts is also expected to continue, with companies in the industrial chain expected to see sustained high growth in performance. 2. Demand for refrigerants is hard to come by, with prices rising over 30% year-on-year to a near 10-year high Type: institutional review China Securities Co., Ltd.: The UK may postpone the reduction pace of refrigerants, with leading companies adjusting prices first, and a situation of overseas supply shortage looming. Strong demand in the overseas third-generation refrigerant market is anticipated in 2026, and domestic third-generation refrigerants are expected to experience prolonged high-profit duration. 3. New energy heavy trucks receive policy support! The penetration rate of new energy heavy trucks is expected to reach 40% by 2030 Type: policy focus Huatai: Power batteries benefit from the resonance of electrification in domestic commercial vehicles and overseas passenger cars. With hydrogen entering the large-scale promotion stage of fuel cell heavy trucks, operators and electrolysis elements in the industry chain are expected to benefit simultaneously. Announcement express Slightly positive announcements 1. Sanan Optoelectronics: Chairman Lin Zhiqiang increased his stake in the company by 1 million shares through centralized bidding. 2. BOE A: Agricultural Bank of China grants a special loan of 900 million yuan for share buybacks. 3. Shandong Hi-Speed Road & Bridge Group: Subsidiaries jointly pre-win the construction project of the Weifang to Yiyuan expressway worth 4.206 billion yuan. Slightly negative announcements 1. China National Software & Service: The company engaged in malicious collusion in government procurement and was fined 40,500 yuan by the Ministry of Finance. 2. Beijing Jingxi Culture & Tourism: Shareholders holding more than 5%, Qingdao Haifa plans to reduce their stake by no more than 3%. 3. Shenzhen Breo Technology: Received a "Notice of Administrative Penalty in Advance," and the company was fined 2.5 million yuan. Overseas markets Last Friday, the three major US stock indexes all rose, with the Dow gaining 0.7% and the Nasdaq rising 0.31%. SpaceX surged over 19% on its first day of listing, with a total market value exceeding $2 trillion. Most chip stocks rose, with ARM up over 11% and Seagate Technology up over 7%. Most popular Chinese concept stocks rose, with Idean Automoble and New Oriental up over 3%. This article is reprinted from "Tencent Stock Picks", edited by Xu Wenqiang.