Investors should monitor analyst research reports for authoritative, professional, timely, and comprehensive insights to uncover potential thematic opportunities. Key developments for the upcoming week include the implementation of the MSCI China Index rebalancing, the release of May's PMI data, a one-day closure of the Hong Kong stock market on May 25, and the lifting of lock-up restrictions on 37 stocks.

**Major News** **MSCI China Index Rebalancing Takes Effect** The global index provider MSCI Inc announced the results of its May review. In this adjustment, the MSCI China Index will add 22 new constituents and remove 24. The MSCI China A Onshore Index will add 19 new constituents and remove 16. These changes will take effect after the market close on May 29.

**PMI Data to Be Released** The Purchasing Managers' Index (PMI) data for May will be published on May 31. Previous data showed that in April, the manufacturing PMI was 50.3%, a slight decrease of 0.1 percentage points from the previous month, indicating generally stable manufacturing activity. By enterprise size, the PMI for large enterprises was 50.2%, down 1.4 percentage points from the prior month but still above the expansion-contraction threshold. The PMI for medium and small enterprises was 50.5% and 50.1%, respectively, up 1.5 and 0.8 percentage points from the previous month, both remaining above the threshold.

**Hong Kong Market Closure on May 25** According to relevant announcements from the Shanghai and Shenzhen Stock Exchanges, the trading schedule for Stock Connect during the 2026 Hong Kong Buddha's Birthday holiday is as follows: 1. Hong Kong Stock Connect services will not be available on Monday, May 25. Services will resume as usual starting Tuesday, May 26. 2. Clearing and settlement for Hong Kong Stock Connect transactions will proceed according to arrangements by China Securities Depository and Clearing Corporation Limited.

**Major Conferences** **2026 International Energy Storage Battery Conference** From May 25 to 27, 2026, the 2026 International Energy Storage Battery Conference, themed "New Opportunities, New Scenarios, New Value," will be held in Yichang, Hubei Province. Hosted by the China Energy Research Society and organized by the Hubei Provincial Department of Economy and Information Technology and the Yichang Municipal Government, among others, the conference will focus on energy storage technology innovation, industrial collaboration, application scenarios, and international cooperation. It aims to gather global industry experts and corporate representatives to promote the green transformation of energy.

**2026 China Automobile Dealers Conference** The "2026 China Automobile Dealers Conference," hosted by the China Automobile Dealers Association, will be held at the Zhengzhou Garden Expo International Conference Center on May 26-27. Under the theme "Navigating Change with Strategy, Planning a New Chapter for the Future," the conference will bring together over a thousand industry elites, experts, scholars, and decision-makers from dealer groups to explore development opportunities in the automotive distribution sector during times of transformation.

**2026 World Intelligent Industry Expo** From May 28 to 31, 2026, Tianjin and Chongqing will jointly host the 2026 World Intelligent Industry Expo in Tianjin. With the theme "Intelligence Empowers the World, Energy Drives the Future," the expo will feature exhibitions, competitions, matchmaking exchanges, and interactive experiences. It aims to promote breakthroughs in artificial intelligence technology, the implementation of application scenarios, ecosystem development, and establish a high-level international platform for exchange and cooperation in the intelligent industry.

**Lock-up Expiries for 37 Stocks Next Week** Wind data statistics indicate that lock-up restrictions will be lifted on shares of 37 companies next week (May 25-29). In terms of the value of shares becoming tradable, May 25 is the peak day, with 10 companies seeing a total unlock value of 19.825 billion yuan. Based on closing prices as of May 22, the top three companies by unlock value are: Robotech (5.265 billion yuan), BAIC BluePark (4.368 billion yuan), and Aisino (4.095 billion yuan). Regarding the number of shares unlocked, the top three companies are: BAIC BluePark (664 million shares), Zhongtai Securities (637 million shares), and Aisino (227 million shares).

**IPO Opportunities** **Two New Listings Next Week** Wind data shows two new share offerings next week: one on the ChiNext board and one on the Beijing Stock Exchange. Specifically, Xinrui Electronics will be listed on May 25, and Gaote Electronics will be listed on May 29.