GMT EIGHT - OPPORTUNITIES IN CHINA

SMIC's issuance of shares to purchase assets has been approved by the restructuring committee meeting.

Notice of the General Office of the State Council on the issuance of the "2026 Annual Legislative Work Plan of the State Council"

Notice from the General Office of the State Council on Printing and Distributing the "Legislative Work Plan of the State Council for 2026", which mentions focusing on the economic and social development goals of the "14th Five-Year Plan" period, centering around building a high-level socialist market economy system, accelerating the construction of a new development pattern, and submitting for review by the Standing Committee of the National People's Congress the draft Financial Law, the draft amendment to the Bidding Law, the draft amendment to the Tax Collection and Administration Law, the draft amendment to the Law of the People's Bank of China, and the draft amendment to the Price Law. Formulate regulations for the construction of a unified national large market, revise the regulations on the National Agricultural Census, the Implementing Regulations of the Audit Law, and the Regulations on the Supervision and Management of Securities Companies.

Zhongyuan Real Estate: In April, the Zhongyuan City Rent Index (CRI) rose by 0.26% month-on-month, hitting a new high for the third consecutive month.

Yang Mingyi, Senior Co-President of the Research Department of Zhongyuan Real Estate, pointed out that in April 2026, the latest Zhongyuan City Rent Index (CRI) was 131.61 points, up by 0.26% monthly, a total increase of 1.92% over the past five months.

The world's largest shared electric micro-mobility platform Neutron Holdings (LIME.US) applies for a U.S. IPO, planning to raise $250 million.

Neutron Holdings (LIME.US), a rental platform for electric scooters and electric bicycles under the Lime brand, filed for an initial public offering with the U.S. Securities and Exchange Commission (SEC) last Friday.

With the rapid rise of the AI dividend, the South Korean stock market is beginning to face "side effects".

The "K-shaped" division in the South Korean economy is becoming more pronounced, and the possibility of a rate hike is gradually emerging.

Anti-aging supplement manufacturer ROKIT America (RKAM.US) plans to price its IPO at $8.5-10.5 per share, aiming to raise $25 million.

Anti-aging supplement manufacturer ROKIT America plans to raise $25 million by issuing 2.6 million shares of stock, with an offering price range of $8.50 to $10.50 per share.

Aerospace equipment manufacturer Applied Aerospace & Defense (AADX.US) applies for a US stock IPO, planning to raise $350 million.

Applied Aerospace & Defense (AADX.US), a company that manufactures equipment and components for the aerospace and defense industries, submitted its application for listing to the U.S. Securities and Exchange Commission (SEC) last Friday.

NVIDIA Corporation partner Quantinuum (QNT.US) applies for listing Quantum computing track heats up again.

The Quantinuum plan aims to raise up to $1.5 billion through its initial public offering (IPO).

Financial Report Outlook | Cisco Systems, Inc. (CSCO.US) performance growth momentum is confirmed by Q3 financial report, AI orders, Splunk collaboration effects, and guidance become the three major "life or death lines".

Wall Street currently expects that Cisco's third quarter revenue will increase by 9.9% year-on-year to $15.56 billion, and Non-GAAP earnings per share will increase by 8.3% year-on-year to $1.04.

Focus on the coastal market, property and casualty insurance company Safepoint Holdings (SFPT.US) applied for a US stock IPO, planning to raise $250 million.

Focused on property and casualty insurance in coastal areas, Safepoint Holdings (SFPT.US), a platform-based company, submitted an application for listing to the U.S. Securities and Exchange Commission (SEC) last Friday.

New Stock News | SigmaStar Technology, Crystal Storage Technology, etc. intend to list on the Hong Kong Stock Exchange and have submitted materials to the China Securities Regulatory Commission.

Xingchen Technology, Jingcun Technology, and others planning to have IPO in Hong Kong have had their materials accepted by the China Securities Regulatory Commission.

The United States sanctions three Chinese companies for assisting Iran, Foreign Ministry: Strongly opposes illegal unilateral sanctions.

On May 11th, Foreign Ministry spokesperson Guo Jiajun presided over a regular press conference. Agence France-Presse asked about the United States sanctioning three Chinese companies for allegedly assisting Iran. Considering President Trump's upcoming visit to China this week, what is China's response to this? Guo Jiajun stated that China firmly opposes illegal unilateral sanctions without international legal basis and authorization from the United Nations Security Council. We consistently require Chinese companies to conduct business in accordance with the law and regulations, and will firmly defend the legitimate rights and interests of our domestic enterprises. "On the situation in Iran, China has repeatedly expressed a solemn position. The immediate priority is to do everything possible to prevent the resumption of hostilities, rather than linking maliciously with other countries under the pretext of war," he said.

Son Zongyi continues to gamble on AI! Softbank ventures into battery production across industries, transforming into an enabler of AI infrastructure.

SoftBank Group's (SFTBY.US) mobile division announced plans to begin large-scale production of batteries at its factory in Sakai City, Osaka, to meet the growing power demands of its artificial intelligence (AI) services.

Goldman Sachs: The performance of large Chinese internet stocks in the first quarter is expected to be mixed, maintaining cloud computing and data centers as the preferred choices.

"Cloud computing and data centers" are listed as top priorities (including Alibaba, Global Data Solutions (GDS.US), Century Internet (VNET.US), and Kingsoft Cloud (KC.US)); followed by "e-commerce and mobile travel", and thirdly, "gaming and entertainment".

New stock news | Hainan Pharmaceutical Hong Kong stock IPO and domestic unlisted shares "full circulation" approved by the China Securities Regulatory Commission.

The IPO of the pharmaceutical port of Haikou and the complete circulation of domestically unlisted shares have been approved by the China Securities Regulatory Commission.

A-share market closing report | Index volume surges! Shanghai Composite Index breaks through 4200 points, leading the bull market in a strange move.

As of the closing, the Shanghai Composite Index rose by 1.08% to 4225.02 points, with a trading volume of 1584.4 billion yuan; the Shenzhen Component Index rose by 2.16% to 15899.30 points, with a trading volume of 1954.5 billion yuan.

The Hong Kong Export Credit Insurance Corporation will launch the "SME Protection Easy" pilot scheme and extend special support measures concurrently.

The Hong Kong Export Credit Insurance Corporation (HKECIC) will launch the "SME Protection Easy" pilot program in July this year, lasting for 1 year, to protect Hong Kong exporters in transactions with higher-risk buyers and provide more comprehensive risk protection for small and medium enterprises.

Abandoning gold, investing in AI: Pictet Strategy Income Fund increases stock exposure to 65%, betting on Asian supply chains and US tech leaders.

Pictet Asset Management is shifting its cash equivalent holdings, which account for as much as 30%, to artificial intelligence giants in Asia and the United States.

New stock news | Huajian's future Hong Kong IPO and the "full circulation" of domestically unlisted shares have been approved by the China Securities Regulatory Commission.

On May 9th, the International Cooperation Department of the China Securities Regulatory Commission issued a filing notice regarding the overseas issuance and listing of Hua Jian Future (Chengdu) Technology Co., Ltd. and the "full circulation" of shares not yet listed domestically.

New Stock News | Houde Energy-saving Hong Kong Stock IPO and "Full Circulation" of Unlisted Domestic Shares have been approved by the China Securities Regulatory Commission.

China Securities Regulatory Commission (CSRC) International Cooperation Department released the "Notice on the Overseas Issuance and Listing of Guangzhou Haote Energy Saving and Environmental Protection Technology Co., Ltd. and the Filing for the Full Circulation of Unlisted Shares in China"

Senior executives personally invest 1.5 billion to "stabilize military morale": Blackstone faces redemption test, and the $1.8 trillion private credit market launches a trust defense battle.

Blackstone CEO Gray revealed that in the near future, a wave of investor redemptions has appeared in the $1.8 trillion private credit market, prompting Blackstone Group to mobilize senior executives to inject capital in order to strengthen its flagship fund.

The trading volume of the Shanghai and Shenzhen stock markets exceeded 3.5 trillion yuan, an increase of 484.1 billion yuan compared to the previous day at this time.

South Korean military and Hyundai Motor join forces to create a wave of "physical AI" and explore the Siasun Robot & Automation army as they rush to the front line.

The South Korean military is exploring establishing a strategic partnership with Hyundai Motor Company in order to deploy robots at the frontlines. At the same time, Seoul is also accelerating its investment process in artificial intelligence-driven unmanned combat systems.

"Will the 'NACHO' trading logic be further strengthened? Morgan Stanley sets June as the 'trial date' for oil prices: if the China-US buffer is depleted, Brent crude may target $150."

As the crisis in the Hormuz Strait enters its fourth month, Wall Street's bets on the "NACHO" trading theme are gaining more and more institutional endorsements.

The outbreak of war ignites inflation, the economy sounds the alarm: The European Central Bank is struggling between raising interest rates and dragging growth.

The European Central Bank is walking on an increasingly narrow policy path, with inflation pressures heightened by geopolitical conflicts on one side, and economic growth being dragged down by energy shocks on the other.

Copper prices ignore the Middle East deadlock and surge to a new historical high! Supply and demand mismatch may drive the arrival of a structural bull market.

Despite the deadlock between the United States and Iran seeming difficult to break, traders are still joining the broader rally in risk assets, driving copper prices to historic highs.

The Hang Seng Index and the Hang Seng Technology Index turned red in the afternoon.

The Shanghai Composite Index rose 1.01% to 4222.044 points; the Shenzhen Component Index rose 2.04% to 15881.950 points; the ChiNext Index rose 3.43% to 3926.304 points.

UBS: Hang Seng Index expected to reach 30,000 by year-end, Hong Kong property prices expected to increase by one percent.

The bank maintains its year-end target of 30,000 points for the Hang Seng Index, expecting this week's meeting between the US and China to address major issues such as the Middle East, trade, and technology cooperation. If there are discussions on cooperation between companies and relaxing restrictions, it would have a positive impact on the stock market. The bank also predicts that the Federal Reserve will cut interest rates once in the fourth quarter of this year.

Spot gold fell below $4660 per ounce, down 1.18% intraday.

Edward Yau: Develop Hong Kong into an international hub for medical innovation to drive biomedical research and development towards clinical applications.

In the field of medical innovation, Hong Kong actively cooperates with the national "Fifteen Five-Year Plan" strategy, including optimizing the approval mechanism for innovative drugs and supporting clinical applications, with the goal of developing Hong Kong into an international hub for medical innovation.

The Hong Kong dollar interbank interest rates are surging across the board, with the one-month rate reaching 2.68%, the highest in over three months.

On May 11th, the Hong Kong dollar interbank rates all rose, with the one-month interbank rate related to the property sector rising for three consecutive days to report 2.68387%, an increase of 6.774 basis points, the highest since January 27th.

Spot gold fell below $4670 per ounce, dropping 0.97% during the day.

Financial report outlook | Apple Inc. Intel Corporation trade offers "divine assistance", can Applied Materials' Q2 performance support the high valuation?

Applied Materials is scheduled to release its second quarter financial report on May 14th (Thursday).

A shares midday review | A shares "core" blooms, index continues to hit new highs! Investors: The last time I saw this level, I was still using Nokia.

Under the geopolitical gloom, oil prices surged and gold prices dropped, but Asian stock markets continued to strengthen with the help of AI market trends.

"Hallyu" craze is killing it! Under the wave of the "super cycle of storage," JPMorgan Chase is shouting for the South Korean stock market to soar to the "10,000-point era."

After the Asian market opened on Monday, the Kospi composite index rose by over 5%, once again hitting a historic high. Against the backdrop of rising oil prices and escalating tensions between the US and Iran, it led the Asia-Pacific market with strength. So far this year, the index has surged by over 85%, outperforming global markets and earning the title of the craziest stock market globally in the year 2026.

The ultimate harvester of AI dividends! When the giants are deeply engaged in the battle for computing power, Apple Inc. (AAPL.US) quietly opens the "toll booth" mode.

Apple strategically positions itself as the gatekeeper of the artificial intelligence ecosystem in order to avoid participating in capital-intensive cutting-edge model competitions.

Alphabet Inc. Class C (GOOGL.US) further expands its global financing map: after issuing Euro bonds, it plans to issue Japanese Yen bonds for the first time to ramp up the AI arms race.

Google is further expanding its global financing map and plans to issue yen bonds for the first time.

The ChiNext Index rose by 3.00% to 3910.043 points; the Shanghai Composite Index rose by 0.94% to 4219.179 points; the Shenzhen Component Index rose by 2.07% to 15886.386 points.

The Hong Kong government plans to issue the first batch of online car-hailing licenses and is scheduled to legally operate in the fourth quarter.

According to media reports citing informed sources, the Hong Kong Special Administrative Region government plans to legalize ride-hailing services within this year, and is expected to officially begin legal operations in the fourth quarter.

The total turnover of the Shanghai and Shenzhen stock markets exceeded 2 trillion yuan, with a volume of 306.4 billion yuan compared to the previous day.

Trillions of "bullets" show their power! Japan's intervention forces hedge funds to retreat temporarily, as the Japanese yen shorts temporarily avoid the sharp edge.

With the Japanese official putting support behind the yen, the bearish positions on the yen have significantly decreased, highlighting that official actions are gradually forcing a popular trade to close out.

Alert! The overheated US CPI data may shift the stock market from "Risk-On" frenzy towards a trajectory of short-term selling.

If the CPI rises significantly higher than expected, the market may shift further from "The Fed may pause interest rate cuts this year" to "The Fed may have to reconsider raising interest rates", which also means that the dovish optimism and bullish assumptions supporting the Risk-On market (i.e. "embrace risk assets across the board") will be shattered.

Imitating AT&T's "building network against the trend" during the Great Depression? Super-large scale operators such as Microsoft, Meta, and others are betting on the AI survival battle with an annual expenditure growth rate of 72%.

Wall Street is becoming increasingly nervous about the capital expenditures of super-sized data center operators.

In the first 50 days of its inception, the Science and Technology Innovation Index has increased by 4.05%. Among the constituent stocks, Lanqi Technology has increased by 17.26%, Tianyue Advanced has increased by 11.87%, Baiwei Storage has increased by 10.13%, and Crystal Integration has increased by 8.02%.

New stock news | Real Biotech's IPO prospectus is invalid

Real Biotech Limited (referred to as Real Biotech) submitted its Hong Kong Stock Exchange prospectus on November 9, 2025, which expired after 6 months on May 9, 2026, with China International Capital Corporation serving as its exclusive sponsor at the time of submission.

New stock news | Shenzhen Mindray Bio-Medical Electronics (300760.SZ) Hong Kong IPO prospectus invalidated.

The Hong Kong stock prospectus submitted by Mindray Medical on November 10, 2025 will expire after 6 months on May 10, 2026. Huatai International and JPMorgan are its joint sponsors at the time of submission.

New Stock News | China Ding Intelligent Port IPO Prospectus Invalid

Zhongding Intelligent (Wuxi) Technology Co., Ltd. (referred to as Zhongding Intelligent) submitted its Hong Kong IPO prospectus on November 10, 2025, which expired after 6 months on May 10, 2026. Guotai Junan International was its exclusive sponsor at the time of submission.

Chen Maobo: Actively reviewing the possibility of enhancing the dual-class share structure to increase liquidity.

As an international financial center and a leading stock market, it is crucial for Hong Kong to attract more good companies to establish a presence. The stock market also needs to keep pace with the times. He revealed that they are currently examining whether to enhance the structure of dual-class shares and increase liquidity.

"Seoul Miracle" under the heavy pressure of war! The Asia-Pacific market is experiencing differentiation, why is the South Korean stock market shining brightly in the US-Iran conflict

The South Korean Composite Stock Price Index (Kospi) hit a record high at the opening on Monday, leading the Asia-Pacific markets amid rising oil prices and escalating tensions between the US and Iran.

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Shengnong Development (002299.SZ): April sales revenue of 1.921 billion yuan, a year-on-year increase of 25.35%.

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Market news: Kenya has expressed that it is abandoning its plan to borrow money from the sovereign wealth fund of the United Arab Emirates.

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After UK Prime Minister Starmier's speech, the UK 30-year government bond saw a slight increase in its decline, with the yield rising 7 basis points to 5.643% now.

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Yuzhou Group (01628) has accumulated sales of 1.831 billion yuan in the first four months.

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Sinogas Petroleum (00632.HK): Extension of Memorandum of Understanding for Cooperation Projects

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