Chinese A-shares rose on June 3, with the Shanghai Composite Index up 0.22% to 4083.97 points, the Shenzhen Component Index up 0.73% to 15704.71 points, and the ChiNext Index up 1.65% to 4122.99 points. The gains occurred as foreign capital continued flowing into Chinese markets. According to CCTV Xinwen Lianbo reporting on the evening of June 3, foreign investors held over 4 trillion yuan in A-share circulation market value, making them significant participants in China's capital markets.
US Stocks and Oil Prices Move on June 3
New York stock markets fell significantly on June 3. The Dow Jones Industrial Average dropped 620.72 points to close at 50687.07 points, down 1.21%. The S&P 500 fell 56.10 points to 7553.68 points, down 0.74%. The Nasdaq Composite declined 239.92 points to 26853.98 points, down 0.89%.
International oil prices rose on June 3. West Texas Intermediate crude for July delivery increased $2.26 to $96.02 per barrel, up 2.41%. Brent crude for August delivery rose $1.81 to $97.81 per barrel, up 1.89%.
PBOC Announces Zero 7-Day Reverse Repo Operations on June 3
The People's Bank of China announced on June 3 that the volume of 7-day reverse repo operations was zero, based on demand from primary dealers in open market operations. The last time the central bank announced zero 7-day reverse repo operations was August 7, 2024.
A-Shares Featured on CCTV Xinwen Lianbo June 3
A-shares appeared on CCTV Xinwen Lianbo on the evening of June 3. The approximately 1 minute 49 second segment mentioned that long-term foreign capital remained optimistic about China and continued increasing investments in hard technology. The report stated that multiple international financial institutions recently released positive outlooks on China's economy and raised investment ratios in Chinese technology companies while accelerating investment layouts in China. Foreign capital has steadily flowed in through various channels since the beginning of the year. As of now, various overseas investors hold over 4 trillion yuan in A-share circulation market value and have become important participants in China's capital markets.
National Radio and Television Administration Launches Micro-Drama Content Cleanup
The National Radio and Television Administration deployed a special campaign on June 1 to address harmful and vulgar content as well as copyright infringement in micro-dramas. The 2-month campaign will concentrate on eight key issues present in some micro-dramas: content harmful to children, soft pornography, worship of wealth, distorted views on marriage and relationships, feudal dross, violent revenge, vulgar titles, and copyright infringement.
Market Regulator Completes Online Food Delivery Inspection
The State Administration for Market Regulation conducted a special inspection of online food delivery, covering seven major categories including dishes, snacks and fast food, staple foods, beverages, desserts, barbecue, and hot pot, along with related ingredients. The inspection covered 14 online platforms including Meituan, Taobao, and JD.com, as well as 24 major cities including Beijing, Shanghai, and Guangzhou, involving 875 food delivery units. A total of 1,307 batches underwent supervision and inspection, with a non-compliance rate of 2.3%. Self-made fried meat products, self-made pastries, and self-made cold dishes showed no non-compliant samples.
MOFA Responds to OECD Report on Industrial Subsidies
Foreign Ministry spokesperson Mao Ning responded on June 3 to a question about an OECD report stating that in 15 key industrial sectors including automobiles, shipbuilding, and solar energy, nearly 60% of Chinese companies' global market share growth since 2005 could be attributed to subsidies, with global subsidies totaling 108 billion pounds in 2024, 52% from China. Mao stated that Chinese companies' competitiveness does not come from subsidies but from highly marketized competition, continuous technological innovation, global corporate layouts, and economies of scale brought by the super-large-scale market. China's industrial subsidy policies adhere to principles of openness, fairness, and compliance, strictly following WTO rules. Industrial subsidy policies are universally adopted by countries worldwide; the key is compliance with WTO rules.
FTSE Russell Adjusts China A50 Index Constituents
FTSE Russell announced quarterly adjustment results on June 3. The adjustments involved the FTSE China 50 Index, FTSE China A50 Index, FTSE China A150 Index, FTSE China A200 Index, and FTSE China A400 series indices. The FTSE China A50 Index added five stocks: GigaDevice Semiconductor, Montage Technology, Dongshan Precision Manufacturing, Shennan Circuits, and Weichai Power. The index removed five stocks: China State Construction Engineering, Foshan Haitian Flavouring & Food, Haier Smart Home, Ping An Bank, and Mindray Medical International. The FTSE China 50 Index added GigaDevice Semiconductor and Yangtze Optical Fibre and Cable Joint Stock, while removing China Tower and CRRC Corporation. The changes will take effect after the close on June 18 (Thursday).
Shanghai CSITF Scheduled for June 11–13
The 12th China (Shanghai) International Technology Import and Export Fair (CSITF) will be held June 11–13 in Shanghai. Zhou Lan, Deputy Director of the Shanghai Municipal Commission of Commerce, stated at a press conference on June 3 that the international exhibition area will feature 26 overseas trade promotion agencies and business associations from countries and regions including Germany and France, organizing 74 companies to exhibit innovations in robotics, precision manufacturing, and digital solutions, and release over 80 technology cooperation requirements. This year's CSITF will feature 15 first-release and first-exhibition projects.
Doubao Announces Professional Version Plan
According to the Doubao WeChat official account on June 3, Doubao plans to launch Doubao Professional Edition to meet productivity needs of professional users. The professional version will include services for software development, data analysis, professional design, process automation, financial analysis, and scientific research. Daily Doubao functions used by general users, including search Q&A, writing and image generation, and voice and video dialogue, will remain free to ensure user experience and habits are not affected. Doubao stated it will continue providing new models, capabilities, and better experiences for free users. Professional version services will also be free within certain quotas.
Domestic Fuel Price Adjustment Window Opens June 4
According to the domestic refined oil price adjustment schedule, the domestic refined oil price adjustment window will open again at 24:00 on June 4 (Thursday). Forecast data from institutions tracking the latest international crude oil price changes indicate that the downward adjustment range for this round of refined oil retail prices exceeds the 50 yuan/ton adjustment threshold requirement, so refined oil retail prices may be reduced in this round.
Duan Yongping Increases Pop Mart Stake to 6.04%
Following the initial stake purchase on May 27, prominent investor Duan Yongping increased his holdings in Pop Mart. According to equity interest change documents disclosed by the Hong Kong Stock Exchange on June 3, Duan Yongping purchased a total of 4.66 million ordinary shares of Pop Mart on May 28, 2026, with a total transaction amount of approximately 757 million Hong Kong dollars. After this increase, Duan Yongping's shareholding ratio in Pop Mart rose from 5.69% to 6.04%, with approximately 81.0316 million shares.
Yinzhijie Denies Investigation Rumors
Yinzhijie (300085.SZ) issued a clarification announcement on June 3. In the afternoon of June 3, the company noticed rumors on online platforms regarding the company "being investigated." After verification, the rumors were untrue. As of now, the company has not received any notice or related legal documents from any competent authority regarding an investigation into the company. The company's production and operation are normal, and all businesses are being carried out in an orderly manner. There are no material matters that should be disclosed but have not been disclosed. On June 3, Yinzhijie closed at 35.13 yuan, down 15.51%, with a market value of 24.8 billion yuan, down 4.56 billion yuan from the previous day.
FAQ
What happened to Chinese A-shares on June 3?
Chinese A-shares rose on June 3, with the Shanghai Composite Index up 0.22% to 4083.97 points, the Shenzhen Component Index up 0.73% to 15704.71 points, and the ChiNext Index up 1.65% to 4122.99 points. According to CCTV Xinwen Lianbo reporting on the evening of June 3, foreign investors held over 4 trillion yuan in A-share circulation market value.
What changes did FTSE Russell announce for the China A50 Index?
FTSE Russell announced on June 3 that the FTSE China A50 Index will add five stocks (GigaDevice Semiconductor, Montage Technology, Dongshan Precision Manufacturing, Shennan Circuits, and Weichai Power) and remove five stocks (China State Construction Engineering, Foshan Haitian Flavouring & Food, Haier Smart Home, Ping An Bank, and Mindray Medical International). The changes will take effect after the close on June 18.
Why did Yinzhijie issue a clarification announcement on June 3?
Yinzhijie issued a clarification announcement on June 3 after noticing online rumors about the company "being investigated." The company confirmed the rumors were untrue and stated it had not received any notice or legal documents from competent authorities regarding an investigation. The company's operations remain normal.
