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Real-time News
On May 20th, Swissquote analyst Ipek Ozkardeskaya stated that Nvidias (NVDA.O) earnings reports are no longer as crucial to overall AI market sentiment, as investors are increasingly focused on memory chips. "Nvidias earnings reports are no longer as decisive as they were in the early days of the AI boom," the analyst wrote. She explained that as Nvidias powerful processing chips are adopted more widely, investors are increasingly viewing the supply of CPUs, crucial for AI inference, and memory chips as indicators of the AI markets trajectory. The analyst noted that the chipmakers high-end chips are facing increasingly fierce competition from other major technology companies.On May 20th, the Ministry of Finance released its fiscal revenue and expenditure figures for January-April 2026. From January to April, national government fund budget revenue totaled 1,020.8 billion yuan, a year-on-year decrease of 18.9%. Breaking it down by central and local governments, central government fund budget revenue was 149.1 billion yuan, a year-on-year increase of 6.5%; local government fund budget revenue was 871.7 billion yuan, a year-on-year decrease of 22.1%, of which revenue from the transfer of state-owned land use rights was 680.1 billion yuan, a year-on-year decrease of 27.2%.On May 20th, the Ministry of Finance released its fiscal revenue and expenditure figures for January-April 2026. From January to April, property tax revenue reached 218.5 billion yuan, a year-on-year increase of 7.8%. Vehicle purchase tax revenue reached 76.7 billion yuan, a year-on-year increase of 13.3%. Urban land use tax revenue reached 104.9 billion yuan, a year-on-year increase of 3.7%.Market news: The European Commission and Ukraine signed a memorandum of understanding on macro-financial assistance, paving the way for the disbursement of €3.2 billion in funds in mid-June.On May 20th, the Ministry of Finance released its fiscal revenue and expenditure figures for January-April 2026. From January to April, national general public budget expenditure totaled 9,480.9 billion yuan, a year-on-year increase of 1.3%. Breaking it down by central and local governments, central government general public budget expenditure was 1,291 billion yuan, a year-on-year increase of 5.1%; local government general public budget expenditure was 8,189.9 billion yuan, a year-on-year increase of 0.7%.
