GMT EIGHT - OPPORTUNITIES IN CHINA

The UK has been the most "hurt" amid the global bond market sell-off: borrowing costs may hit their highest level in nearly thirty years, and pressure is mounting ahead of the new Chancellor's budget proposal.

Driven by a global bond sell-off that has led to a significant surge in yields and increasing pressure on government finances, the UK is about to face its highest debt issuance costs since at least 1998.

PATEO (02889): First to secure a project appointment with a leading enterprise in high-end new energy two-wheeled vehicles.

(02889) announced that the company has recently received a formal project designation notice issued by a leading domestic high-end new energy two-wheeled vehicle company (the client), being chosen as the supporting supplier for its brand new high-end model. For the project's implementation, the company will provide a complete solution for its globally innovative and fully proprietary automotive all-scenario intelligent interaction system (a voice-interactive vehicle system).

"When will KINTOR PHARMA-B (09939) reach a critical point for valuation reversal after the bottom consolidation and trend rebound?"

On September 7, before the market opened, Kintor Pharmaceutical-B (09939) announced that the long-term safety trial in humans for its self-developed novel and highly effective tyrosinase inhibitor KT-939, which inhibits melanin production, successfully concluded on September 4, 2026.

The wave of "Going to Hormuz" has spurred the revival of Suez! The roundabout navigation bonus has increased canal revenue by 42%.

Due to the closure of the Strait of Hormuz caused by the Iranian war and the threat from the Houthis in the southern Red Sea, more ships are using the Egyptian passage, resulting in a 42% increase in revenue for the Suez Canal in July compared to the same period last year.

HKEX (00388) and LME have been named as defendants in a new claim regarding nickel trading brought by Elliott.

The Hong Kong Stock Exchange (00388) announced that Elliott Associates, L.P. and Elliott International, L.P. (collectively referred to as "Elliott") filed a claim with the London Metal Exchange (LME) and LME Clear Limited (LME Clear), both wholly owned subsidiaries of the Hong Kong Stock Exchange, regarding the decision to cancel all nickel contract trades executed on or after 00:00 British time on March 8, 2022 (the 2022 judicial review claim).

Hong Kong Innovation and Technology Bureau: The Hong Kong government is formulating the city's first five-year plan, with innovation, technology, and industrial development as key components.

In order to better align with the national strategy, the SAR government is formulating Hong Kong's first five-year plan, with innovation, technology, and industrial development as key components.

As of the end of August, COCOON HOLDINGS (00428) had a net asset value per share of approximately HKD 0.92.

China Tiansong Holdings (00428) announced that as of August 31, 2026, the unaudited net asset value per share of the company is approximately HKD 0.92.

A-shares Closing Review | Shanghai Composite Index Slightly Up, ChiNext Weakens, Sugar and Agricultural Chains Surge to Limit Up

On September 8, the three major indices of A-shares showed mixed performance, with the Shanghai Composite Index slightly up and the ChiNext Index weakening.

World Intellectual Property Organization: The "Shenzhen-Hong Kong-Guangzhou" innovation cluster ranks first in the world again in 2026.

On September 8, the World Intellectual Property Organization announced the top 100 innovation clusters in the "2026 Global Innovation Index," with the "Shenzhen-Hong Kong-Guangzhou" cluster ranking first in the world again.

Hong Kong Goldsmiths Association Report: It is recommended that Hong Kong establish a full-cycle capital formation center.

On September 8, the Hong Kong Financial Services and the Treasury Bureau released the report "A Joint Action Plan to Build Hong Kong into a Global Capital Hub 2.0: Charting the Course for Hong Kong's Capital Markets."

The Secretary for Development of Hong Kong, Wong Wai-lun: In the next five years, around 70,000 housing units and approximately 1 million square meters of commercial floor space will be provided in the North District.

On September 8, Hong Kong Secretary for Development Ning Hanhao stated at the Sing Tao Real Estate Development Trends Forum 2026 that the Northern Metropolis, after several years of planning and construction, has officially entered the harvest phase.

Multiple departments issue a notice to expand the scale of basic medical insurance coverage for flexible employment workers and other groups.

Recently, the National Healthcare Security Administration, the Ministry of Finance, the Ministry of Transport, and four other departments jointly issued a notice to launch a special action to improve the participation of flexible employment workers, migrant workers, and new employment form personnel in basic medical insurance.

As gasoline prices in the U.S. hit a historic high ahead of Labor Day, Trump made a high-profile statement to reassure public opinion: post-war oil prices will crash below $2.

Trump expects that after the Iran conflict, oil and gas prices will fall below $2.

Lijia Ge (Commercial Property): In August, the transaction volume of commercial properties in Hong Kong decreased by 15.2% month-on-month.

In August 2026, Hong Kong recorded a total of 408 transactions for commercial property sales and purchases, a decrease of 15.2% from the 481 transactions in July, marking a decline for two consecutive months and setting a new six-month low.

HSBC and Deutsche Bank both issued warnings: the market's "non-stick" resilience is difficult to maintain, and there are undercurrents of corporate taxes and debt risks.

In recent years, the global market has repeatedly withstood multiple shocks, but HSBC believes that several potential variables may ultimately break this resilient situation.

The "Assisted Reproductive Code" Behind the Greater Bay Area: JXR (01951) Seizes the Opportunity to Cultivate the First "Ten Thousand Cycle" Super Leader

The largest assisted reproductive medical institution in China, Jinxin Reproductive (01951), is establishing a layout with "one hospital and two centers" through Shenzhen Zhongshan Obstetrics and Gynecology Hospital, Hong Kong Grateful Medical Center, and Jinxin Medical Technology Innovation Center. The Southern headquarters has been set up in Shenzhen, which is expected to further integrate the resources of service and research advantages in the Greater Bay Area, while also introducing leading industry technologies, academic expertise, and management resources from Southeast Asia, Europe, and the United States, to build a super assisted reproductive medical hub that serves the Greater Bay Area and radiates to Southeast Asia and international markets.

The decline of the weak yen! Japanese automakers' profits may face significant pressure, with Toyota likely to be the biggest victim.

Toyota and other Japanese automakers are facing the risk of profit loss as the yen's exchange rate has risen to its highest level in over six months.

A major deal has emerged in the AI computing power sector! Firmus and OpenAI have signed a long-term agreement for data center capacity in Malaysia.

Firmus announced on Tuesday that it has signed a multi-year agreement with artificial intelligence (AI) giant OpenAI to provide computing power from its two data centers in Malaysia, making the ChatGPT developer its anchor customer.

Vitol CEO warns: Ongoing war drags on, strong signals of tightening supply in refined oil releases.

Russell Hardy, CEO of Vitol Group, stated at the Asia-Pacific Oil Conference hosted by S&P Global Energy in Singapore that the refined oil market is sending strong signals of tighter supply, while the outlook for crude oil remains relatively stable.

"AI consciousness Siasun Robot & Automations first stock," Youdi Siasun Robot & Automation (03231), this global leader in commercial AI Siasun Robot & Automation is making Siasun Robot & Automation work 24/7!

The Hong Kong stock market's robotics sector is about to welcome the "first stock of AI Consciousness Robotics" UDI Robotics (03231).

Review of the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect in the first half of 2026: The daily average turnover of the Shanghai and Shenzhen Stock Connect reached 345.3 billion yuan, more than doubling year-on-year.

On September 7, the Hong Kong Stock Exchange released the review of the Shanghai-Shenzhen-Hong Kong Stock Connect for the first half of 2026.

Hong Kong Innovation and Technology Bureau: The He Tao Innovation Park gathers global wisdom, connects regional resources, and helps advance the transformation of the innovation and technology industry.

On September 8, at the Hong Kong Star Island Real Estate Development Trends Forum 2026 titled "Leveraging the Strategic Value of He-Tao: From Industry Chain to Talent Flow," the Permanent Secretary for Innovation and Technology of the Hong Kong Special Administrative Region, Tsai Kit Ming, delivered a speech.

HKEX's Yu Xueqin: The future development of connectivity will shift from considering "access" to "usage," focusing on assisting long-term capital allocation.

At the Hong Kong Stock Exchange (00388) China Opportunities Forum held in Shanghai, market executive Yu Xueqin stated that the connectivity mechanism has successfully completed the "connection" task between the mainland and Hong Kong markets over the past decade. He anticipates that the focus of development in the next 3 to 5 years will shift from merely considering "connectivity" to "utilization."

Hong Kong's investment product sales hit a record high, with strong demand for fixed income, currency, and commodity-related products.

The growth momentum comes from record market participation and strong demand for fixed income, currency, and commodity-related products.

SENASIC (06675) included in Hong Kong Stock Connect: A rare target for Physical AI edge computing.

Starting from September 7, SENASIC Banjie (06675) has officially been included in the list of Hong Kong Stock Connect eligible stocks.

SR MEDICAL (00108) Sees Over 30% Revenue Growth: The Transformation of an AI Smart Medical Strategy into a New Era.

Chunyu Medical's AI-driven transformation in healthcare has achieved remarkable results, with mid-2026 revenue surging over 30%.

GUSHENGTANG (02273): Full-time Reconstruction of the Commercial Foundation, A New Era of Value Reassessment Begins

The proportion of incremental self-owned doctors has exceeded 40%.

A-shares at noon | The Shanghai Composite Index rose by 0.36%, with a surge in limit-up stocks in the fertilizer and agriculture sectors; Heilongjiang Publishing & Media Holdings has achieved seven consecutive trading limits.

The market presents a differentiated pattern of "index fluctuations varying, rapid rotation of hotspots, and agricultural fertilizers leading the gains."

Lululemon (LULU.US) plunged 18% after earnings, having already halved this year. Analysts believe the opportunity to buy the dip has not yet arrived.

Lululemon (LULU.US) saw its stock price plummet by 18% to around $100 after reporting another dismal quarterly earnings.

$6 billion deal falls through! It is reported that Anthropic has abandoned the acquisition of Israeli AI startup Decart AI.

According to informed sources, AI giant Anthropic has decided to abandon its acquisition of Israeli AI infrastructure startup Decart AI.

Chen Yiting: In the first eight months, Hong Kong's IPO fundraising exceeded HKD 340 billion, surpassing last year's total.

This year, Hong Kong's new stock market continues its strong momentum. By the end of August, 104 companies have gone public in Hong Kong, raising over HK$340 billion, surpassing the total amount for the entire last year.

Korean companies' preferred shares are trading at a discount of 45%, the widest in ten years. Samsung's 110 trillion won buyback program may alleviate the "Korean discount."

Samsung Electronics' highly anticipated stock buyback plan is leading investors to expect that the South Korean giant will purchase non-voting preferred shares, thereby narrowing its steep discount and setting a precedent for other companies.

Despite outstanding performance, Broadcom Inc. (AVGO.US), the "king of AI custom chips," has a valuation lower than its peers. Is it a value trap?

Analysis shows that Broadcom is currently undervalued.

Hong Kong interbank rates showed mixed movements, with the one-month HIBOR rising by 3.744 basis points to 2.89220%.

On September 8, the Hong Kong dollar interbank offered rate showed mixed movements, with the one-month interbank rate related to mortgage loans reported at 2.89220%, an increase of 3.744 basis points.

BYD Company Limited (01211) Mid-Year Report Decoding: Technical Fishpond + High-End Strategy + Export Triad Resonance, Accelerating Globalization

In the first half of 2026, BYD achieved an operating revenue of 344.8 billion yuan and a net profit attributable to shareholders of 12.3 billion yuan.

CMSC International: Hong Kong stocks may maintain fluctuating movements; it is recommended to combine high dividend and quality technology stock strategies.

The bank recommends adopting a strategy that combines high dividends with quality technology, while telecommunications, utilities, energy, and centrally-owned state-owned enterprises with stable cash flows can continue to serve as the core holdings.

Continuing the rapid growth trend, Chinas foreign trade grew by 17.6% in the first eight months.

On September 8, the General Administration of Customs released data showing that in the first eight months of this year, China's total import and export value of goods reached 34.78 trillion yuan, with a year-on-year growth rate continuing to rise to 17.6%.

Strong non-farm payrolls ignite hawkish expectations on Wall Street! UBS joins the "hawkish shift" ranks: from predicting "no change for the year" to rate hikes of 25 basis points in September and December.

UBS predicts that the Federal Reserve will raise interest rates twice in 2026 following a strong non-farm payroll report.

Concerns over interest rate hikes coupled with rising fuel costs push Australia's consumer confidence index close to the extreme pessimism range.

Due to rising fuel costs and concerns that the Reserve Bank of Australia will raise interest rates again, consumer confidence in Australia plummeted significantly in September, approaching a level of extreme pessimism once more.

Upcoming IPO| Yuchai Marine Electric: The largest supplier of large generators for power generation in China, with cash on hand of 1.3 billion yuan.

The largest supplier of large generators for power generation in China has shown strong performance growth, with revenue maintaining double-digit growth and profitability continuing to rise. Will Yuchai Ship Electric be able to smoothly go public after reapplying to list on the Hong Kong Stock Exchange?

A-share opening news | Three major indices show differentiation at the opening, agricultural substitute sugar concept strengthens.

Today, the three major A-share indices opened with mixed results. The Shanghai Composite and Shenzhen Composite indices opened slightly higher, while the ChiNext and STAR Market 50 opened slightly lower.

First Day of New Shares | Shenzhen Longsys Electronics (09976) Listed for Trading, Opening Steady. The company is the world's second-largest independent semiconductor memory manufacturer.

The stock of Jiang Bolong (09976) was officially listed, with the announcement stating that each share is priced at HKD 236, totaling 29.9894 million shares issued, with a minimum of 50 shares per lot. The net proceeds are approximately HKD 6.02 billion. As of the time of writing, there is no change in price, remaining at HKD 236, with a transaction volume of HKD 323 million.

Arbitrage trading closing risk intensifies! The upward momentum of the yen accelerates: breaking above 155 triggers stop-loss orders, with the 152 area becoming the next target.

The yen has broken through a key level and is expected to reach its highest point since 2026.

The wage increase in July reached its highest level since 1997, and the GDP growth rate for the second quarter has been revised upward! The reasons for the Bank of Japan's interest rate hike this month have been further strengthened.

The wage increase in Japan has reached its highest level since 1997, and the economic growth in the second quarter has been revised upward, further strengthening the reasons that the market has generally anticipated for the Bank of Japan to raise interest rates next week.

Labor Day "The Most Expensive Tank of Gas"! National average gasoline price in the U.S. surpasses $4, setting a historical high for the holiday.

At the end of summer, gasoline prices soared, and U.S. drivers faced the highest fueling costs for the Labor Day holiday since records began.

LME copper prices reach an all-time high! Tariff arbitrage and favorable supply-demand dynamics resonate: as AI demand becomes the "new engine," Chilean export volumes have dropped to a one-year low.

Tariff turmoil, mining dilemmas: Copper prices hit an all-time high.

Brokerage Morning Meeting Highlights | AI Comic Series Accelerates Quality Enhancements, Driving Industry Value to Concentrate at the Top

Huatai Securities believes that AI comic dramas accelerate the premiumization, driving industry value to concentrate at the top; CITIC Securities is optimistic about core areas of AI computing power such as chips, optical modules, switches, and PCBs; China International Capital Corporation (CICC) thinks that the increase in power and thermal density is driving liquid cooling and power supply systems to upgrade from supporting components to core capabilities of the entire cabinet.

A-share Pre-Market Report | 3.8 trillion invested over 5 years! Computing power welcomes policy benefits as Huawei releases high-performance chips after six years.

On the 7th, Huawei launched the Mate XT 2, a foldable smartphone that is equipped with the latest Kirin 9050 Pro chip. This is the world's first flagship chip that implements the "Tao Law" and adopts logical folding technology, achieving a substantial enhancement in chip performance.

Deutsche Bank warns: The accumulation of inflation and interest rate risks is increasingly exacerbating market misalignment, which may impact the stock market and credit assets.

Deutsche Bank warns that the financial markets are facing an increasingly severe dislocationwhile inflationary pressures continue to build, the market expects major central banks to implement only limited policy tightening, making stocks and credit assets vulnerable to potential repricing.

Hong Kong Stock Concept Tracking | The Major Turning Point of the Pig Cycle is Approaching Institutions are positioning themselves in the breeding sector (with concept stocks attached)

The market will take the weaned piglet price dropping to 100 yuan as an important signal.

Latest

18/08

Citigroup: Initiates "Buy" rating for Zijin Mining International (02259), optimistic about production growth and gold price outlook.

18/08

Ganfeng Lithium: Progress on Subsidiary's Involvement in Investment Limited Partnership Matters

18/08

Zhichun Technology (603690.SH) plans to transfer part of its shares in the affiliated company Weidun Crystal Phosphate for 20 million yuan.

18/08

Xiamen Releases Twelve Measures to Promote Exchange and Cooperation with Taiwan

18/08

Yuncong Technology: The company is deeply involved in the national standardized pilot project "Shanghai Virtual-Real Integration Embodied Intelligence Training Ground" and the "Humanoid Robot Qilin Training Ground" project.

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