Another CSRC meeting; DeepSeek CEO comments; SAMR warns about "externalization of involution 内卷外化"; US-China; Strengthening social work

Today’s top items:

1. CSRC Symposium on Party Building and Regulatory Work - According to a readout today, the China Securities Regulatory Commission “held a symposium on Party building and regulatory work to thoroughly study and implement Xi Jinping Thought on Party Building, conscientiously implement the decisions and arrangements of the Fourth Plenary Session of the 20th Central Committee, the Central Economic Work Conference and other important meetings, and, in accordance with the requirements of the meeting on Party building work in the financial system, review Party building and regulatory work across the system in the first half of the year, analyze the current situation, and push to complete the year's goals and tasks.” I have posted a translation here.

The meeting was not specifically about propping up the stock market, but the first of the seven tasks the readout listed

take comprehensive measures to fully safeguard stable market operations and enhance the resilience of the c…