GMT EIGHT - OPPORTUNITIES IN CHINA

"Elon Musk worship" sweeps the globe! SpaceX's mega IPO feast ignites a frenzy of commercial space investment.

SpaceX, founded and helmed by Musk, is about to go public, sparking a global influx of capital into smaller space exploration companies. Investors are eager to catch a ride on what could potentially be the largest IPO in history.

Brent crude fell 2% intraday and is now trading at $107.53 per barrel.

Spot gold rose by almost 1%, closing at $4693.14 per ounce.

The London Metal Exchange's copper spot inventory increased by 29,500 tons, reaching the highest level since July 2024.

Samsung denies purchasing 20 ASML EUV lithography machines.

Regarding the news about "Samsung's extravagant purchase of 20 ASML EUV lithography machines worth 10 trillion Korean won", Samsung responded that this information is not true and the company has not made any related decisions to date.

Musk's "story" supports SpaceX's $2 trillion valuation! Starlink and rocket business provide backbone, success or failure of test flight determines schedule.

SpaceX and its bankers are preparing to hold an investor meeting to evaluate the demand for a potential IPO that could potentially raise the company's valuation to around $2 trillion.

New Stock News | Huaqin Co., Ltd. (603296.SH) is reportedly preparing for an IPO in Hong Kong with expectations to raise at least 600 million US dollars.

According to media reports, it is said that Huahin Technology (603296.SH) started pre-deal investor education in Hong Kong on April 7, with an expected transaction size of 600 to 800 million US dollars, subject to market conditions.

During the Cambrian period, the stock price jumped nearly 9% and rose above 1100 yuan.

Market "calm before the storm": Trump issues "destroy" warning to Iran, oil prices stabilize at high levels.

International oil prices remain stable near highs.

"Wal Street veterans" echoed Wells Fargo's bullish view: US tech stocks have lost their appeal, making long-term investment a "tempting buying point."

Adny believes that the correction in US tech stocks has provided an attractive entry point.

AI storage chip demand ignores the war clouds, Samsung's Q1 profit soars eight times higher than expected!

Samsung Electronics Co. achieved a quarterly profit increase that was eight times higher than expected, highlighting the strong demand for AI storage chips despite the market volatility caused by the Middle East conflict.

On-site research overturns mainstream judgment: Analysts from the Citrini faction personally went to Oman, claiming that the Strait of Hormuz is not completely closed.

Citrini Research stated that they dispatched an analyst to the Musandam Peninsula in Oman, where the analyst traveled by boat to the Strait of Hormuz to observe shipping activities.

JP Morgan warns: If the Strait of Hormuz remains closed, gasoline prices in the United States could surge to $5 per gallon.

JPMorgan: If the Strait of Hormuz remains closed, gasoline prices in the United States may surpass $5 per gallon.

Guotai Haitong: AI demand continues to rise, continue to pay attention to optical interconnection

Guotai Junan Securities released a research report stating that the industry's holdings have increased, and valuations have reached a historically high position, reflecting expectations for the AI industry chain to drive the sector upward.

Short covering totaling more than $1.45 billion, prompting a short squeeze, caused Bitcoin to bounce back and briefly exceed $70,000.

The price of Bitcoin broke through the $70,000 mark for the first time since March, rising over 4% to reach around $70,300.

Trump describes the latest Iranian ceasefire proposal as "still not good enough," reiterating that he is prepared to take military action.

US President Trump has stated that the latest ceasefire proposal presented by Iran is "still not good enough" and reiterated that if the Strait of Hormuz is not reopened before the deadline, the US will launch a massive attack on Iran's critical infrastructure.

Casey Department Store will be included in the S&P 500 index.

Standard & Poor's announced that Casey's General Stores will be added to the S&P 500 index, effective before the market opens on April 9. The company will replace Hologic. DigitalOcean Holdings will replace Casey's General Stores as a component of the S&P MidCap 400 index. Broadstone Net Lease will replace DigitalOcean Holdings and be included in the S&P SmallCap 600 index.

Broadcom and Google have reached a long-term agreement to collaborate on the development and supply of TPUs.

Broadcom and Google have signed a long-term agreement to collaborate on the development and supply of tensor processing units. Broadcom will research and supply custom TPUs for Google's next generation tensor processing units, as well as provide networking and other components for Google's new generation of AI server racks. The agreement is valid until 2031. In addition, Broadcom, Google, and the artificial intelligence company Anthropic are expanding their existing strategic partnership. Starting from 2027, Anthropic will receive approximately 3.5 gigawatts of computational power through Broadcom. The scale of Anthropic's use of this additional AI power will depend on its future business performance.

Neurocrine (NBIX.US) invests $2.9 billion to acquire Soleno (SLNO.US) to enter the field of metabolic diseases.

Neurocrine Biosciences announced on Monday that it will acquire the rare disease drug company Soleno Therapeutics for $2.9 billion in cash, marking the pharmaceutical company's expansion into the field of metabolic diseases from its focus on neuroscience.

Hormuz Strait is a no-talk zone! The "symbolic" increase in production by the eight major oil-producing countries failed to resolve the largest oil supply interruption in history.

Eight major oil-producing countries in the "OPEC+" alliance have decided to increase daily oil production by 206,000 barrels in May. However, this increase is insignificant in the face of the historical largest crude oil supply interruption with a gap of up to 11 million barrels per day and the continued disruption of navigation in the Strait of Hormuz.

Paramount Sky (PSKY.US) is in negotiations with the Gulf Sovereign Wealth Fund to inject nearly $24 billion to support the acquisition of Warner Brothers Discovery (WBD.US).

According to reports, Paramount Sky (PSKY.US) is currently in negotiations with three sovereign wealth funds led by Saudi Arabia, aiming to secure a commitment of nearly $24 billion in equity to support its acquisition of Warner Brothers Explorations (WBD.US).

In March, Foxconn's revenue was 803.74 billion New Taiwan dollars, an increase of 45.6% year-on-year. Revenue for the first quarter increased by 29.7% year-on-year.

The Hormuz Strait has reached a post-war record high in terms of navigation volume.

According to informed sources, Iran has established a classified mechanism for passage through the strait, divided into five levels. The more friendly a country is to Iran, the more likely they are to receive preferential conditions.

Musk denies SpaceX valuation of $2 trillion

Elon Musk often quickly refutes any false information involving himself or his companies on his social platform X. Bloomberg recently reported that SpaceX plans to launch its first IPO in the coming weeks, with a valuation of up to $2 trillion, a claim Musk dismissed as "nonsense". Bloomberg's report stated that SpaceX is aiming for a valuation of over $2 trillion in its IPO, potentially making it one of the largest public offerings in history.

"Xiaomi, ByteDance 'veterans' lead team to secretly plan AI new hardware at Meta"

Xu Rui believes that true AI hardware should not be "AI for the sake of AI", but rather should be able to utilize tools, drive projects, and solve physical world challenges that cannot be solved by old hardware.

Economists: US CPI may surge by 1% in March, making it difficult for the Fed to cut interest rates this year.

Economists say that the sudden increase in gasoline prices felt by American consumers will be fully reflected in the key inflation data to be released this week. It is forecasted that the US CPI will rise by 1% month-on-month in March, the largest single-month increase since 2022; core CPI may rise by 0.3% month-on-month. Prior to the release of CPI data, the Fed's favored inflation gauge will provide information on pre-war price pressures. Economists predict that the core PCE price index may rise for the third consecutive month in February by 0.4%, indicating that the process of inflation returning to a more moderate level has stalled even before the conflict erupts. Combined with signs of stabilization in the US labor market, persistent price pressures, and new inflation risks brought by the Middle East conflict, this helps explain why the Fed may have difficulty lowering interest rates this year.

EB SECURITIES: Shanghai Electric Group (02727) continues to make breakthroughs in emerging industries such as 25 years of nuclear fusion and Siasun Robot & Automation. We maintain a "buy" rating.

Shanghai Electric plans to distribute a cash dividend of 0.1425 yuan (tax included) for every 10 shares.

Iran rejects Trump's ultimatum.

Iran's armed forces central headquarters commander, Abdolrahim Hatamabadi, responded on the 4th to the "48-hour" ultimatum issued by U.S. President Trump, emphasizing that the Iranian military will firmly defend national rights, protect national assets, and make aggressors pay the price.

The U.S. Senate Banking Committee will hold a nomination hearing on April 16 for Kevin Warsh to serve as the next Chairman of the Federal Reserve.

Megawatt-class hydrogen fuel aviation turboprop engine first flight successful

On April 4th, the megawatt-level hydrogen fuel aviation turboprop engine AEP100 independently developed by China Aviation Power Group Hunan Power Machinery Research Institute was successfully flown with a 7.5-ton unmanned transport aircraft at Zhuzhou Lusong Airport. It is reported that this is the world's first test flight of a megawatt-level hydrogen fuel aviation turboprop engine. Throughout the entire flight, the engine operated normally with a good condition. The airborne flight time was 16 minutes, the flight distance was 36 kilometers, the flight speed was 220 kilometers per hour, the airborne flight altitude was 300 meters, and after completing the scheduled flight tasks, the aircraft successfully returned. The first flight was a complete success.

Governor of the People's Bank of China, Pan Gongsheng, meets with Governor of the Central Bank of Ethiopia, Yiuub Tekarien.

On April 2, 2026, Pan Gongsheng, Governor of the People's Bank of China, met with Yinoubu Tekarion, Governor of the Central Bank of Ethiopia, to exchange views on deepening bilateral financial cooperation and other topics.

Silicon Industry Sub Association: Spot and futures prices both decline, industrial silicon market operates weakly this week.

The Silicon Industry Association issued a document stating that the industrial silicon market continued its weakness trend this week.

World Cup tickets prices increase, with the most expensive ticket for the World Cup in the US, Canada, and Mexico exceeding 75,000 yuan.

After all 48 participating teams in the 2026 FIFA World Cup were confirmed, FIFA announced on the 1st local time that the final stage of ticket sales has officially begun. The highest-priced ticket for the World Cup final has been raised to $10,990, equivalent to 75,530 Chinese yuan. After the World Cup group stage draw ended in December last year, FIFA had initially priced tickets at $8,680, equivalent to 59,737 Chinese yuan. FIFA has also raised prices for various matches and different ticket categories. It is reported that ticket sales will continue until all matches are completed.

He Lifeng met with Canadian Minister of Finance Sean Fraser.

Hohhot: Vice Premier of the State Council, who is the leader of the China-Canada Economic and Financial Strategic Dialogue, met with the Canadian Minister of Finance and co-leader of the Canadian delegation, Shang Pengfei, in Beijing on the afternoon of the 3rd. He Lifeng said that the two sides should jointly implement the important consensus reached by the leaders of the two countries, deepen cooperation in economic, trade, financial and other fields, and promote the stable and healthy development of China-Canada economic relations. Shang Pengfei said that Canada attaches great importance to its relations with China and is willing to work with China to promote economic and financial cooperation and achieve more practical results. The two sides agreed to hold the Economic and Financial Strategic Dialogue in the second half of this year. He Lifeng and Shang Pengfei also jointly met with representatives of the China-Canada Financial Working Group and the Financial Institutions Roundtable, welcoming financial institutions from both sides to expand their business in the other's market.

Ministry of Industry and Information Technology: Risk Warning on Timely Updating iOS Specific Versions to Prevent Exploitation of Vulnerabilities

Recently, the Ministry of Industry and Information Technology's network security threat and vulnerability information sharing platform has detected that attackers are using exploit tools targeting vulnerabilities in Apple's terminal products to carry out network attack activities, which can lead to serious harm such as information theft and system control. The affected range includes Apple terminal products such as iPhones and iPads running iOS 13.0 to 17.2.1. Attackers use methods such as SMS, email, or poisoned web pages to induce users to access web pages containing malicious code using Safari browser, exploit security vulnerabilities existing in terminal devices, implant remote control trojans into victim terminal products, steal user sensitive information, obtain highest privileges, and take control. Users of Apple terminal products are advised to conduct risk assessments and promptly fix vulnerabilities by upgrading versions and installing patches.

The Ministry of Industry and Information Technology promotes inclusive computing power to empower small and medium-sized enterprises.

The Ministry of Industry and Information Technology recently issued a notice on launching a special action to empower small and medium-sized enterprises with inclusive computing power. It proposes to basically establish a universal computing power service system by the end of 2028 that covers a wide range, low cost, excellent service, vibrant ecosystem, and strong talent pool, covering not less than 10 categories in 15 industries applicable to the classification standards for small and medium-sized enterprises. The notice makes a series of arrangements around five key tasks, including action to improve the allocation of computing resources, action to enhance the inclusive supply of computing power services, action to empower key industry enterprises, action to jointly build industrial ecosystems, and action to enhance talent development capacity, such as encouraging the establishment of exclusive computing power pools for small and medium-sized enterprises; exploring innovative businesses such as "computing power banks" and "computing power supermarkets" to support small and medium-sized enterprises in depositing idle computing resources, etc. The notice also proposes to carry out a special action on "modular resonance" to promote the coordinated development of artificial intelligence model training and data resource utilization in small and medium-sized enterprises; organize activities to facilitate communication and collaboration among large, medium, and small enterprises; and conduct targeted talent training in a hierarchical manner. In terms of guarantee measures, the notice specifies that relevant parties should establish a sound local work promotion system, clarify tasks, timelines, and responsible parties, and provide necessary support for the special action of empowering small and medium-sized enterprises with inclusive computing power.

China Banking and Insurance Regulatory Commission: Promoting the establishment of a financial service system that is compatible with the financing needs of the entire lifecycle of future industries.

On April 1st, the Party Committee of the China Banking and Insurance Regulatory Commission held a collective study session for the theory learning center group. Li Yunze emphasized the need to focus on the core business of finance, promote the construction of a financial service system that is adaptable to the financing needs of future industries throughout their life cycle, and provide precise services for the development of future industries such as artificial intelligence through technology finance, injecting new momentum into China's modernization. It is necessary to coordinate development and security, deeply understand and grasp the trend of artificial intelligence development, steadily and orderly promote the pilot application of artificial intelligence in the financial industry, establish a sound governance framework for the development and application of artificial intelligence, and promote high-quality development of digital finance. It is important to strengthen technological empowerment, start the construction of the "Financial Supervision Project" with high quality, build a strong technological support for financial supervision, continuously improve the level of digitalization in supervision and the penetration of supervisory capabilities, and effectively enhance the quality and effectiveness of strong supervision and strict regulation.

Two departments: Encourage leading enterprises such as China Recycling Resources Group to expand the integrated mode of lithium battery recycling, transportation, and processing in regions where lithium battery electric bicycles production and sales are concentrated.

The General Office of the Ministry of Industry and Information Technology and the General Office of the Supply and Marketing Cooperative issued a notice on further strengthening the construction of the electric bicycle lithium-ion battery recycling system. Localities should leverage the role of companies such as China Renewable Resources Development Group Limited and supply and marketing cooperatives in the recycling and reuse of renewable resources, reasonably plan and layout the backbone network of lithium battery recycling and utilization, and improve the collection capacity of resources. Encourage grassroots supply and marketing cooperatives to integrate idle land, factories, and other resources, and layout a network for recycling renewable resources. Support leading companies such as China Renewable Resources Group in building sorting centers and comprehensive utilization projects, upgrading existing recycling sorting centers and dismantling bases, and improving the capacity for lithium battery recycling and utilization. Encourage leading companies such as China Renewable Resources Group to expand the integrated model of lithium battery recycling, transportation, and processing in regions with concentrated production and sales of lithium battery electric bicycles, such as Beijing, Tianjin, Shanghai, Jiangsu, Zhejiang, Guangdong, and Chongqing. Encourage various recycling enterprises to connect with electric bicycle sales and after-sales service outlets, and carry out "exchange + recycling" business. Encourage various recycling enterprises to promote flexible and diverse collection and transportation models such as appointment-based door-to-door recycling and "Internet + recycling" to meet the recycling needs of different user groups.

official response of Manner to the "price increase"

On April 3rd, Manner Coffee recently announced a price adjustment on its official ordering app, stating that starting from April 7th, the price of the single-origin espresso (SOE) coffee at their stores will be raised by 5 yuan per cup. In addition, their popular product "Green Wonderland" completed a renewal upgrade on April 2nd, with the price also increasing by 5 yuan. Manner confirmed to Sina Finance that the price adjustment for the SOE single-origin espresso coffee drink is due to the use of higher quality coffee beans to provide consumers with a better flavor experience. At the same time, the nationwide promotion of "bring your own cup and get 5 yuan off" at all Manner stores remains unchanged.

The National Internet Information Office seeks opinions: Encouraging the application and implementation of digital virtual humanoid services in various fields.

The State Internet Information Office has drafted the "Administrative Measures for Digital Virtual Personal Information Services (Draft for Solicitation of Opinions)" and is now seeking public opinions.

A-share market closing analysis: Ceasefire expectations dashed! Indexes collectively decline, Shanghai index falls below 3900 points again

As of the close, the Shanghai Composite Index fell by 1.00% to 3880.10 points, with a turnover of 713.8 billion yuan.

The trading volume of the Shanghai and Shenzhen stock markets exceeded 1.5 trillion yuan, down by 186.8 billion yuan from the previous day.

China Automobile Dealers Association: The Used Car Manager Index for March was 45.5%, showing a slight improvement in market vitality compared to the previous month.

The used car manager index in March was 45.5%, an increase of 3.7 percentage points compared to the previous month, reflecting that with the resumption of work of used car dealers after the holiday, and the continuous release of consumer demand, the market's sentiment has improved compared to the previous month.

South American Tin Industry (TSXV: TIN) completes large financing for strategic acquisitions, synergistic layout may leverage fundamental explosive growth.

This acquisition will drive South America Tin Industry to officially enter the two major high-growth tracks of gold and copper.

The Shenzhen Component Index fell by 1.00%, now reported at 13351.814 points; the Shanghai Composite Index fell by 1.16%, now reported at 3873.675 points; the Growth Enterprise Index fell by 0.59%, now reported at 3153.880 points.

Copper and gold dual-wheel drive + AI infrastructure wave! Goldman Sachs Group, Inc. issued a bullish research report on copper mining giant McMoran Copper & Gold Inc. (FCX.US).

Goldman Sachs recently released a in-depth research report covering Freeport-McMoRan Copper & Gold Inc. (FCX) for the first time, giving it a "buy" stock rating and a target price of $70.

The trading volume of the Shanghai and Shenzhen stock markets exceeded 1 trillion yuan, a decrease of 123.6 billion yuan from the previous day at this time.

Japanese stock buyback frenzy cools down for the first time since 2020: valuation rising and global uncertainty prompt Japanese companies to prioritize cash.

As of the end of Tuesday, the number of stock buyback plans announced by Japanese companies decreased for the first time since 2020.

Broadcom Inc. (AVGO.US) Executive Management Changes: Alphabet Inc. Class C (GOOGL.US) veteran finance executive Amie Thuener will take on the role of CFO.

Broadcom Corporation has appointed Amie Thuener, Senior Vice President and Chief Accounting Officer of Google's parent company Alphabet, as the company's next CFO.

Comprehensive improvement of mobile power safety, mandatory national standards released.

On April 3, 2026, the mandatory national standard "Mobile Power Safety Technical Specification" was publicly released and will be implemented on April 1, 2027. The new standard proposes several requirements to further enhance the safety level of mobile power products, including power banks. Specifically, the standard aims to improve the safety protection capabilities of mobile power in scenarios such as high temperatures, overcharging, and squeezing. It also introduces a new detection method for lithium leakage after cycling aging to reduce the risk of internal short circuits in mobile power after long-term use. Products are required to have the function of storing and retrieving abnormal information to ensure consumer awareness. Additionally, products should be labeled with a unique "ID number" for querying core information such as battery brand. After the implementation of the standard, consumers who have purchased compliant mobile power products with mandatory product certification can continue to possess and use them normally. Furthermore, as long as they comply with the current civil aviation regulations, they can still carry them on flights.

Latest

8 m ago

Kuwait News Agency: Kuwait will close all types of shops from midnight on Wednesday to 6 am the next day.

9 m ago

Virtus Investment Partners' chief market strategist Tiralnova: "The situation we are facing is that if good news comes out, the market will rebound strongly. What should you do about this? If you have already hedged - whether it is against oil, fertilizer, or defensive positions - I think you should reduce these positions at some point today."

10 m ago

Chief market strategist Joe Terranova of Virtus Investment Partners, which manages $25 billion in assets, said that reducing some energy stock positions may be reasonable, especially if this final deadline leads to the end of the war and triggers a significant rebound in the stock market.

11 m ago

On April 7th local time, a vessel chartered by Danish shipping giant Maersk was hit by a projectile in the Strait of Hormuz. The crew members were unharmed, but the vessel suffered substantial damage with the upper part of the waterline damaged. The vessel is able to navigate independently and is currently heading to the nearest port for inspection. Maersk has not disclosed the source of the projectile. (CCTV)

11 m ago

The Maersk-chartered vessel was hit by a shell in the Strait of Hormuz.

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