Jefferies: Raises its price target for Tesla (TSLA.O) from $350 to $375.

Key News 1. Shanghai Stock Exchange plans to improve stock option portfolio strategy business and launch a one-sided liquidation function. 2. Eight departments, including the Ministry of Commerce, released 17 measures to promote the development of "artificial intelligence + consumption". 3. State Financial Regulatory Commission: Strengthen the governance of the safe development and application of artificial intelligence. 4. National Energy Administration: Total electricity consumption in May 2026 increased by 6.9% year-on-year. 5. New progress in the preliminary review of land use for the Jianxiawo lithium mine; market analysts say it is still some distance from formal approval. 6. Seven departments: Guide platform enterprises to strengthen innovation layout in artificial intelligence fields such as general large models, industry large models, and intelligent agents. 7. Guangdong: Strive to create a world-class internet enterprise with a value of trillions of yuan. Individual Stock News 1. CATL's Jianxiawo lithium mine regains the opinion letter for project land use. 2. Montage Technology: Recently successfully delivered samples of DDR5 sixth-generation RCD chips. 3. Kweichow Moutai: A cash dividend of RMB 28.02 per share will be distributed in 2025, with the record date being June 25, 2026. 4. Luxshare Precision's Hong Kong IPO has been filed with the China Securities Regulatory Commission. 5. China Shipbuilding Special Gas: Please refer to the company's disclosures for information regarding tungsten hexafluoride rumors. 6. Shanghai Electric Group: Plans to absorb its wholly-owned subsidiary, Pujiang Warehousing, for unified planning of capacity expansion. 7. Shanghai Silicon Industry: Plans to jointly increase the capital of its subsidiary, Shanghai Xinsheng, by RMB 11.448 billion with its shareholder, Guosheng Group, to meet the funding needs for the construction of 300mm semiconductor silicon wafers. 8. Borui Pharmaceutical: Actual controller Yuan Jiandong has been released on bail pending trial for suspected manipulation of the securities market. 9. Helitai: The company's annual reports from 2017 to 2021 contained false information; its stock will be subject to other risk warnings. 10. China National Machinery Industry Corporation (SINOMACH): Its wholly-owned subsidiary signed a 1.127 billion yuan EPC contract for an energy storage power station project. 11. Xingye Technology: Plans to acquire indium phosphide substrate-related business for 55 million yuan. 12. BOE Technology Group Co., Ltd. (BOE A): The company's capital expenditure will gradually decrease in the future. 13. By-Health Co., Ltd. (By-Health): Plans to invest 50 million yuan in YuanCe Semiconductor, which innovates AI inference chips based on Chiplet technology. 14. Boyun New Materials: Since 2026, Boyun Oriental has not supplied high-end drill bit masterbatch products to Jinzhou Precision Machinery Co., Ltd., a subsidiary of China Tungsten High-Tech, nor has it recognized any sales revenue.

On Monday, June 22, the Shanghai Gold Exchange's gold T+D contract closed down 2.61% at 914.5 yuan/gram; the Shanghai Gold Exchange's silver T+D contract closed down 3.59% at 15,989.0 yuan/kilogram.