Following the holiday period, several significant market events are set to unfold. A window for refined oil product price adjustments is approaching, while the central bank will see reverse repurchase agreements worth 419.1 billion yuan mature. Tencent Cloud has announced a 5% price increase for its AI computing power, container services, and Emerson-related products. Additionally, 31 new funds are scheduled to launch on the first trading day after the break.

Key Updates: Refined Oil Price Adjustment Window Nears Based on the "ten working days" principle, the next window for adjusting refined oil product prices will occur at 24:00 on May 8. According to JLC International estimates, as of the seventh working day on April 30, the average reference crude oil price was $101.92 per barrel, with a change rate of 5.51%. This suggests a potential increase of approximately 380 yuan per ton in domestic gasoline and diesel retail prices.

Central Bank Reverse Repos Maturity Next Week Wind data indicates that reverse repurchase agreements totaling 419.1 billion yuan will mature in the central bank's open market operations next week. Specifically, maturities are scheduled for 292.9 billion yuan on May 6, 126.2 billion yuan on May 7, and 0 yuan on May 8. Data further shows that 800 billion yuan in three-month buyout reverse repos are set to mature in May. Wang Qing, chief macro analyst at Oriental Jincheng, noted that the central bank's 300 billion yuan buyout reverse repo operation on May 6 implies a reduced rollover of three-month buyout reverse repos for the month, with a contraction scale of 500 billion yuan.

Tencent Cloud Raises Prices for AI Computing and Related Services by 5% Tencent Cloud recently announced adjustments to the pricing of certain products. Effective May 9, 2026, listed prices for AI computing power-related products, container service TKE-native nodes, and Elastic MapReduce (EMR) related products will uniformly increase by 5%. The company attributed the adjustment to "soaring global demand for AI computing power and significant rises in core hardware supply chain costs." To ensure service quality and sustained supply of computing resources, the price changes are necessary.

31 Funds to Launch on First Post-Holiday Trading Day On May 6, the first trading day after the Labor Day holiday, the new fund issuance market will experience a concentrated surge, with 31 funds opening for subscription. Passive index funds dominate the lineup with 17 offerings, covering sectors such as grain industries, batteries, and industrial non-ferrous metals. Seven active equity funds, including ordinary stock型和偏股混合型 funds, will also be issued, featuring products like Bank of Communications Zhiyuan Quantitative Stock Selection and Ping An Xinxin Smart Selection A. Additionally, three FOF funds, three bond funds, and one偏债混合型 fund will be launched.

Major Conferences: 2026 Mobile Cloud Conference Scheduled for May 7-9 at the Suzhou Jinji Lake International Conference Center, the 2026 Mobile Cloud Conference will focus on the theme "Mobile Cloud, Intelligent New Space." It will showcase the deep integration of computing power networks and AI technology to drive industrial intelligent upgrades.

28th China Beijing International High-Tech Expo The 28th China Beijing International High-Tech Expo will take place from May 8 to 10 at the China National Convention Center. Under the theme "Technology Leads, Creating and Sharing the Future," the event will spotlight cutting-edge technologies, emerging industries, and future sectors. It aims to upgrade exhibition models and service efficiency, serving as a comprehensive platform for displays, trade matching, achievement transformation, and international exchange.

34th China International Bicycle Exhibition The 34th China International Bicycle Exhibition will be held from May 5 to 8 at the Shanghai New International Expo Center. With the theme "New Quality Empowerment, Sharing the Future," the exhibition will cover over 160,000 square meters, featuring nearly 1,600 companies from the two-wheel industry. It will showcase products across the entire industrial chain, including bicycles, e-bikes, motorcycles, core components, intelligent control systems, and outdoor riding gear. Concurrent exhibitions for electric vehicles, motorcycles, and riding equipment will create a one-stop platform for global two-wheel mobility procurement and technical exchange.

17th Shanghai International New Energy Vehicle Technology Expo The 17th China International New Energy Motor, Materials, and Equipment Exhibition, also known as the Shanghai International New Energy Vehicle Technology Expo, will occur from May 6 to 9 at the National Exhibition and Convention Center in Shanghai. The event will gather global motor industry enterprises, research institutions, government departments, and industry associations to display the latest technological achievements, products, and services. It aims to foster cooperation and exchange across the industrial chain, covering new energy motors, industrial motor units, materials, technologies, and equipment.

12th Shanghai International Humanoid Robot and Supply Chain Ecology Exhibition The 12th Shanghai International Humanoid Robot and Supply Chain Ecology Exhibition will be held from May 6 to 9 in Hall 2.1 of the National Exhibition and Convention Center in Shanghai. Centered on the theme "Two-Way Empowerment, Symbiotic Win-Win," it will bridge foundational manufacturing processes like casting and die-casting with advanced humanoid robot technologies, creating a high-end platform for product displays, technical exchanges, resource matching, and collaborative success.

Post-Holiday Lockup Lifts Approaching 270 Billion Yuan Wind statistics reveal that 32 restricted shares will become tradable after the holiday, with a total unlock market value nearing 270 billion yuan based on recent closing prices. The top three stocks by unlock value are Longyang Electronics (124.31 billion yuan), Sanbo Medical Group (28.88 billion yuan), and Southern Road Machinery (27.42 billion yuan). In terms of share volume, Longyang Electronics leads with 199 million shares, followed by Beijing Human Resources with 95 million shares, and Southern Road Machinery with 81 million shares.

New Stock Opportunities: Three New Listings Post-Holiday Wind data shows that three new stocks will be issued after the break. Victron and Jiachen Intelligent are set for issuance on May 6, while Tianhai Electronics will be issued on May 7.