The change of general manager at ABC Fund Management Co., Ltd. has been finalized, with Sun Jiankun from the Agricultural Bank of China system taking over, bringing extensive experience in bank asset management.

① The change of general manager at ABC Wealth Management Fund has been finalized, with Sun Jiankun assuming the role effective June 5, succeeding Cheng Kun, who stepped down due to a work-related transfer. ② Sun Jiankun comes from the Agricultural Bank of China (ABC) system and previously served as Vice President of ABC Wealth Management, with a career focused on bank asset management, fixed income, and multi-asset allocation. ③ Executive changes at public fund management companies have been frequent this year; as of June 5, 69 fund companies have undergone 151 executive personnel adjustments.

cls.cnJun 6 08:29

Internal UK government report warns that international oil prices could remain at $100 through 2028.

① The UK government forecasts that international crude oil prices could remain around $100 per barrel until 2028, as the restoration of energy shipping in the Gulf region may take longer than expected; ② The report notes that, in the worst-case scenario, oil prices could surge to $210 per barrel, significantly impacting global inflation and economic growth.

cls.cnJun 5 22:45

A-shares have entered a period of consolidation—how should the market navigate style rotation?

A-shares have entered a consolidation range. Dongwu Securities noted that this does not imply the market is poised for a broad-based rotation from high-valuation to low-valuation stocks. Instead, sector rotation is more likely to occur within strategic security-related assets (STAR). Following a cooldown in the technology sector, energy and infrastructure-related safe-haven assets—such as coal, petrochemicals, and shipping—are expected to take the lead. Once liquidity returns, the technology sector is anticipated to regain its dominant position.

wallstreetcnJun 5 13:23

SoftBank shares fell more than 11% as its substantial bet on OpenAI sparked market concerns.

① SoftBank's share price fell by more than 11% on Thursday, amid profit-taking in the technology sector and market concerns over its high-risk investments in artificial intelligence; ② SoftBank's stock has risen by approximately 70% this year, driven by the anticipated IPO of its investment OpenAI and the soaring valuation of its subsidiary Arm; ③ Analysts noted that SoftBank currently serves as an indirect investment vehicle for OpenAI, offering high potential returns but also carrying significant risk.

cls.cnJun 4 16:05

Two major automakers have successively partnered with Sinopec; as new energy vehicle penetration crosses the 60% threshold, market competition dynamics may be reshaped.

① BYD and GAC Group successively announced deep strategic collaborations with Sinopec, focusing respectively on ultra-fast charging network development and one-stop integrated automotive services in county-level markets. ② From May 1 to 31, the retail penetration rate of new energy vehicles (NEVs) in China’s passenger car market reached 63%, marking the second consecutive month exceeding 60%; during the same period, the wholesale NEV penetration rate stood at 61.1%.

cls.cnJun 4 11:15

List of stocks breaking out of the cloud [Ichimoku Kinko Hyo Cloud Breakout Stock List]

○ List of Stocks Breaking Above the Cloud Market Code Stock Name Closing Price Leading Span A Leading Span B TSE Prime <1417> MIRAIT Holdings 3828 3775 3815 <1941> Chuden Engineering 4775 4697.5 4770 <2267> Yakult Honsha 2714 2679 2690.5 <2801> Kikkoman 1480 1469.5 1446.5 <3191> Joyful Honda 2168 2142.5 2139

Fisco JapanJun 4 06:46