GMT EIGHT - OPPORTUNITIES IN CHINA

"Wall Street's most accurate analyst" warns: giant IPO may lead US stocks to repeat the history of a century of bubbles.

Hartnett believes that the soaring bond yields are a sign of the end of prosperity and bubble.

"First class is in high demand" reappears! Strong demand for multiple routes in freight transportation, industry insiders predict that the peak in shipments on the Europe-America route may last for 1-2 months.

Industry insiders say that it is expected that the peak of the Europe-America route will last 1-2 months, and the cargo volume on the American route is expected to be good in the second half of the year, while the European route may see a decline.

New Stock News | Rongtai Pharmaceutical submits a second application to the Hong Kong Stock Exchange, becoming China's third-largest provider of digital marketing and supply chain services for the outpatient pharmaceutical market.

According to the prospectus, Rongtai Pharmaceuticals is a leading provider of digital marketing and supply chain services in China's major outpatient drug market.

The "contradictory trend" of US stocks and US bonds, who will win next?

The crack between the US stock market and US bonds is approaching a critical point. BCA Research's chief strategist warns that the divergence between the S&P 500's trend and the index's performance is evident, with only 55% of constituent stocks above the 200-day moving average. The dominance of the technology sector in propping up the market is difficult to sustain. With bond yields continuously rising, high inflation, and the Federal Reserve facing a dilemma in policy, under threefold pressure, a substantial correction in the stock market may be imminent, with emerging markets bearing the brunt.

New IPO news: Xiangdao Travel submitted a second application to the Hong Kong Stock Exchange, attracting key industry chain investors such as Momenta, Gaode, and Contemporary Amperex Technology.

Enjoy Travel is initiated and established by SAIC Motor Corporation, a giant in the automotive industry. In the process of development, key investors in the industry chain such as Momenta, Gaode, CATL, and others were introduced, allowing it to connect and integrate resources from automotive manufacturers, autonomous driving solution providers, high-precision digital map service providers, and power battery system providers.

The "impossible triangle" of the HORMUZ STRAIT.

The global market is betting on a dangerous "impossible triangle": financial risk premiums approaching a 20-year low, oil inventories potentially reaching critical levels in June, and the probability of the reopening of the Strait of Hormuz falling to 30%. Bank of America Merrill Lynch warns that these three factors cannot coexist - once inventory buffers are depleted, demand destruction will spread globally through oil price shocks, and macroeconomic fault lines hidden beneath the AI hype are also widening. The calm in the market may just be a prelude to the storm.

New Stock News | Innovative biopharmaceutical company Sinocelltech Inc. (688520.SH) files for listing on the Hong Kong Stock Exchange with a gross profit margin of over 90% for three consecutive years.

According to the prospectus, Shenzhou Cells (688520.SH) is an innovative biopharmaceutical company, focusing on the research and development, production, and commercialization of therapeutic antibodies, recombinant proteins, and vaccines.

New stock news | EROAD Travel's secondary listing on the Hong Kong Stock Exchange

According to the prospectus, Xiangdao Travel is a Chinese multi-scene intelligent travel integrated body.

New Stock News | Rongtai Pharmaceutical Files Second Application with Hong Kong Stock Exchange

According to the prospectus, Rongtai Pharmaceutical is a leading provider of digital marketing and supply chain services in China's major non-hospital pharmaceutical market.

New stock update: Sinocelltech Inc. (688520.SH) has submitted its application to the Hong Kong Stock Exchange.

According to the prospectus, Shenzhou Cell (688520.SH) is an innovative biopharmaceutical company focusing on the research and development, production, and commercialization of therapeutic antibodies, recombinant proteins, and vaccines.

Uber Technologies, Inc. (UBER.US) plans to fully acquire Germany's Delivery Hero to strengthen its online food delivery presence in Europe.

According to informed sources, Uber is exploring the possibility of fully acquiring the German company Delivery Hero. If the transaction is successful, it will help Uber better compete with DoorDash in markets outside of the United States.

Alphabet Inc. Class C (GOOGL.US) appeals against the monopoly ruling, claiming to have "won fair and square."

Google's parent company, Alphabet, officially filed an appeal on Friday against the federal judge's antitrust ruling in the United States, refuting accusations of illegal monopolizing of online search and related advertising markets, and emphasizing that the company's market position was earned through strength.

The new chairman of the Federal Reserve is sworn in! Trump calls for "restraining inflation, not greatness," and Powell states that he wants to be like Greenspan.

Trump, at the ceremony, stated his support for the independence of the central bank, but then quickly shifted the focus to publicly articulate his economic beliefs that he hopes the new chairman will follow - that economic prosperity should not be constrained and strong growth will not lead to inflation. Powell then gave a brief speech, rarely touching on policy details, but deliberately referencing former chairman Greenspan as a point of reference, saying: "I will fulfill this responsibility with vitality and a sense of purpose, just as Chairman Greenspan did."

SEC hits the emergency "brake"! Tokenized trading plan for US stocks suddenly postponed.

According to multiple sources familiar with the matter, the U.S. Securities and Exchange Commission (SEC) has delayed a plan to provide widespread exemptions for U.S. cryptocurrency companies, allowing them to trade tokenized assets tied to stocks.

Zoom (ZM.US) bets on Anthropic and achieves great success, making a crazy profit of 1 billion dollars from the investment.

In early 2023, Zoom made an investment in the artificial intelligence (AI) startup company Anthropic PBC, which has now generated approximately $1 billion in revenue for Zoom.

Jerome Powell was sworn in as chairman of the Federal Reserve, and at this moment, Wall Street no longer fantasizes about a rate cut.

Kevin Wash was sworn in as the new chairman of the Federal Reserve in Washington, emphasizing the need to fulfill his duties with "independence, clear judgment, and firm stance".

Starship V3's first flight test was successful on the eve of its IPO, marking a crucial milestone for SpaceX's trillion-dollar space AI empire.

In the sensitive window period leading up to its first initial public offering (IPO), SpaceX's upgraded version of the Starship (Starship V3) completed a critical test flight of "seeing each other's flaws" on Friday local time.

U.S. Trade Representative: Still considering imposing tariffs on chips but will not immediately implement them, will set up offset mechanism to attract factory construction.

United States Trade Representative Jamison Greer stated that the Trump administration is still considering imposing tariffs on imported semiconductors to promote the development of the domestic chip manufacturing industry, but there are currently no plans to implement new tariffs immediately.

HK Bull/Bear Outstanding Qty Ratio(61:39) | May 23rd

As of May 23rd, the latest bull-bear ratio of the Hang Seng Index is 61:39.

The latest round of financing for Anthropic is expected to exceed $30 billion, with a valuation that could surpass OpenAI, making it the world's most valuable AI startup company.

Anthropic is approaching the completion of a new round of large-scale financing.

Overnight US stocks | Wash sworn in as Chairman of the Federal Reserve, three major indexes closed up, Qualcomm (QCOM.US) rose by 11.6%, and Bitcoin fell below $77,000.

As of the close, the Dow rose 294.04 points, up 0.58%, to 50,579.70 points; the Nasdaq rose 50.87 points, up 0.19%, to 26,343.97 points; the S&P 500 index rose 27.73 points, up 0.37%, to 7,473.45 points.

Wall Street accelerates embrace of cryptocurrency market SEC approves Nasdaq to launch Bitcoin options products

The US Securities and Exchange Commission has approved Nasdaq to launch options products based on Bitcoin price indexes, indicating that the integration of Wall Street and the digital asset market is further accelerating.

The Fed's "institutional reform" is coming? Powell may reshape a $6.8 trillion balance sheet, market worries about the end of the era of "Fed put"

With Jerome Powell officially taking over as chairman of the Federal Reserve on Friday, Wall Street is engaging in heated discussions about the "institutional reforms" mentioned by this new leader.

Is the myth of "risk-free assets" being shaken? The soaring US bond yields have raised market concerns. HSBC warns that we have entered a "danger zone."

US treasuries have always been seen as the most core "risk-free asset" in global financial markets, but as yields continue to soar, more and more Wall Street institutions are starting to reexamine this traditional perception.

Wall Street looks forward to the "AI super bull market" sequel! From the strongest profit in the S&P in five years to Rubin's grand vision, AI computing power beyond GPU is skyrocketing.

The S&P 500 index is expected to see its strongest profit growth in five years, with 83% of companies outperforming analyst expectations. After rebounding 18% from its lows caused by the war, the S&P 500 index is poised to achieve eight consecutive weeks of gains.

US Stock Market Move | Quantum computing concept stocks continue to be strong, Infeqtion (INFQ.US) rose nearly 20%

On Friday, conceptual stocks related to quantum computing continued to show strength.

Wash is about to be sworn in as the chairman of the Federal Reserve. The market hawkish signal continues to heat up. Director Waller said that the probability of a rate hike or cut is "50-50".

President Trump will soon preside over the swearing-in ceremony of Kevin Warsh as the Chair of the Federal Reserve.

A-share evening hot topic | Tiger, Futu, and Changqiao will be fined! Eight departments jointly take action to regulate illegal cross-border securities and futures fund management activities.

On May 22, the China Securities Regulatory Commission (CSRC) issued an official announcement stating that CSRC has lawfully initiated investigations into Tiger Brokers (NZ) Limited, Futu Securities International (Hong Kong), and Changqiao Securities (Hong Kong) and related entities for their illegal securities business operations in China, and has informed them in advance of the administrative penalties to be imposed.

US Stock Market Move | Space concept stocks were active in early trading, with Redwire (RDW.US) rising by over 15%.

On Friday, space concept stocks showed active performance at the beginning of trading.

High oil prices and inflationary pressures continue to impact economic expectations, causing consumer confidence in the United States to fall to a record low in May.

American consumers' pessimism about the economic outlook is further intensifying.

UP Fintech Holding Ltd. Sponsored ADR Class A(TIGR.US): Subsidiary fined 308.1 million yuan by Beijing regulator for conducting illegal activities such as unlicensed cross-border securities business.

On May 22, the China Securities Regulatory Commission announced that it would strictly investigate and crack down on cases of illegal cross-border operations by institutions such as Tiger.

Futu Holdings Ltd. Sponsored ADR Class A (FUTU.US) responds to regulatory penalties: will actively cooperate with the relevant work of the China Securities Regulatory Commission.

On May 22, the China Securities Regulatory Commission announced that it will strictly investigate and deal with illegal cross-border business activities by institutions such as Futu.

New stock news | Autel Intelligent Technology Corp., Ltd. (688208.SH) plans to launch an IPO in Hong Kong. The China Securities Regulatory Commission requires supplemental information on the latest developments in the company and its domestic subsidiaries' litigation cases.

The China Securities Regulatory Commission has requested Daotong Technology to provide supplementary explanations on the latest developments of the company and its domestic subsidiaries' ongoing litigation cases, whether they constitute substantial obstacles to the overseas issuance and listing, and whether the relevant pending lawsuits have been adequately disclosed.

New Stock News | Zhi Ling Biology plans to list on the Hong Kong Stock Exchange, the China Securities Regulatory Commission requires additional clarification on whether the business involves large-scale AI models, etc.

The China Securities Regulatory Commission requires Ze Ling Biological to provide additional information on whether its business involves AI large models, etc.

New Stock News | Micro-Electric New Energy plans to list on the Hong Kong Stock Exchange. The China Securities Regulatory Commission requires additional clarification on the pricing basis for previous rounds of capital increases and equity transfer.

The China Securities Regulatory Commission requires Weidian New Energy to provide supplementary explanations on the basis for each previous capital increase and equity transfer pricing, whether actual capital contributions have been made, whether there are any unfulfilled capital contribution obligations, capital embezzlement, flaws in capital contribution methods, and so on.

New stock news | Guangdong Shushuzi plans to list on the Hong Kong stock market. China Securities Regulatory Commission requires supplementary explanations on the compliance of previous changes in equity ownership.

The China Securities Regulatory Commission requires Yue Shishu to supplement the compliance of historical equity changes and other matters.

US Stock Market Move | Termination of merger with Puig causes Estee Lauder Companies Inc. Class A (EL.US) to open with a surge of over 13%.

On Friday, Este Lauder (EL.US) opened with a big increase of over 13%, marking the largest intraday gain since April 2025, and is now trading at $87.68.

New Stock News | Tongbo Technology Plans to List on the Hong Kong Stock Exchange. The China Securities Regulatory Commission requires supplementary explanations on the compliance of previous equity changes.

The China Securities Regulatory Commission requires Tongbo Technology to supplement explanations on the compliance of historical equity changes and other matters.

New Stock News | Chaos Plans Hong Kong Stock IPO CSRC Requires Supplemental Information on Overseas Subsidiaries of the Company

The China Securities Regulatory Commission requires Chaos to provide additional information on the situation of its overseas subsidiaries, the specific fulfillment of regulatory procedures such as overseas investments and foreign exchange registration, and issue conclusive opinions on compliance.

New Stock News | Qinhao Pharmaceuticals intends to list on the Hong Kong Stock Exchange. The China Securities Regulatory Commission requires additional information on the company's net assets data for the past three years, among other matters.

The China Securities Regulatory Commission requires Qinghao Medicine to supplement the company's net assets, net profit data, and other matters for the past three years.

When the price of copper follows the AI computing power industry chain to dance, the fate of copper and the global AI boom are already bound together.

Due to investors betting on the skyrocketing electricity demand in the artificial intelligence field driving a surge in copper demand, the trading price of copper has been soaring like popular tech stocks. The application of copper in power transmission lines, transformers, and electrical equipment required for artificial intelligence has become a key pillar for the bullish outlook on copper prices, far outweighing concerns about the impact of the Iran conflict on traditional industrial demand.

New stock news | Xinji Pharmaceuticals plans to list on the Hong Kong stock exchange. The China Securities Regulatory Commission requires additional clarification on the reasons and rationale for the lack of substantial business activities in 4 of the company's 7 subsidiaries.

The China Securities Regulatory Commission requires Xinqi Pharmaceutical to provide additional explanation on the reasons and rationality for the lack of substantive business activities in four out of seven subsidiary companies. It also requires clarification on whether the shares held by shareholders participating in the "full circulation" plan are subject to pledges, freezes, or other defects in rights.

New Stock News | China's Zhongyin Microelectronics Plans to List on the Hong Kong Stock Exchange. The China Securities Regulatory Commission has requested additional information on the compliance of employee stock incentive schemes.

The China Securities Regulatory Commission requires Zhongyin Microelectronics to provide further clarification on issues such as compliance with employee stock incentive programs.

The Dow Jones Index rose by 0.64%, closing at 50,608.77 points, breaking through the February high to reach a new all-time high.

New stock news | RayCloud plans to list on Hong Kong stock market. China Securities Regulatory Commission requires additional explanation on the compliance of employee shareholding plans, etc.

The China Securities Regulatory Commission requires Ruiyunlian to provide additional clarification on whether the company's project falls under the category of "high energy consumption" or "high emission" projects.

US Stock Market Move | China Securities Regulatory Commission seriously investigated and dealt with illegal cross-border business cases involving institutions such as Tiger Global Management LLC. Futu Holdings Ltd. Sponsored ADR Class A (FUTU.US) and UP Fintech Holding Ltd. Sponsored ADR Class A (TIGR.US) opened significantly lower by over 30%.

On Friday, Futu Holdings (FUTU.US) and Tiger Brokers (TIGR.US) opened drastically lower by over 30%.

New stock news | Wus Printed Circuit (002463.SZ) plans to conduct a Hong Kong IPO. The China Securities Regulatory Commission requires additional information on the overseas investments of the company's overseas subsidiaries.

The China Securities Regulatory Commission requires Shanghai Electric Power to provide additional explanations on the specific implementation of overseas investments, foreign exchange registration, and other regulatory procedures related to its overseas subsidiaries.

New Stock News | Sieyuan Electric (002028.SZ) plans to list on the Hong Kong stock market. The China Securities Regulatory Commission requires further clarification on the company's project environmental protection situation and others.

The China Securities Regulatory Commission requires Sanyuan Electric to provide further explanation on whether the company's projects are considered "high energy-consuming" and "high emissions" projects.

Up Fintech Holding's US stocks fell by 32%, and Futu Holding opened down by 35%.

NVIDIA Corporation and AMD consecutively purchased, investment banks raise target price! AI chip + optical interconnect leader Marvell Technology, Inc. (MRVL.US) earnings report may trigger another round of AI frenzy.

Investment bank Stifel maintains its "buy" rating on Mevion Technology and raises its target price from $140 to $210.

Latest

45 m ago

Market News: US negotiators say there are still discrepancies in the wording of certain clauses of the US-Iran agreement.

48 m ago

The Pakistani officials involved in the negotiations said that the temporary agreement aimed at ending the conflict has brought both sides back to a stage in Islamabad where they are close to reaching a consensus.

51 m ago

Officials from Pakistan involved in the negotiations said: until the dust settles, nothing is certain.

52 m ago

A Pakistani official involved in the negotiations stated that the temporary agreement to end the US-Iran conflict has reached the final drafting stage, with the basic content finalized.

54 m ago

Iraq kills four members of Islamic State.

Seeking Coverage

Being Writer

Exploring Cooperation