GMT EIGHT - OPPORTUNITIES IN CHINA

New stock news | Zhefu Intelligent will be listed on the Hong Kong Stock Exchange as the leading provider of one-stop thermal safety solutions for domestic new energy batteries.

According to the disclosure by the Hong Kong Stock Exchange on May 4th, Zephyr Intelligent Systems (Shanghai) Co., Ltd. (referred to as Zephyr Intelligent) has submitted its listing application to the Hong Kong Stock Exchange, with NH Financing as the exclusive sponsor.

Unbind the quota shackles! After the UAE "withdraws" from the group, accelerate oil investment and invest $55 billion to expand production.

The head of UAE National Oil Company said on Monday that exiting OPEC allows the UAE to accelerate investment and expand its business.

officially announces the addition of paid subscriptions. The standard version is priced at 68 yuan per month, the enhanced version at 200 yuan, and the professional version at 500 yuan.

officially announces the addition of paid subscriptions: Standard version is 68 yuan per month, Enhanced version is 200 yuan, and Professional version is 500 yuan.

New stock news | Zephyr Intelligent Logistics Files for Listing on the Hong Kong Stock Exchange.

According to the disclosure by the Hong Kong Stock Exchange on May 4th, Zhefu Intelligent System (Shanghai) Co., Ltd. (referred to as Zhefu Intelligent) has submitted an application for listing to the Hong Kong Stock Exchange, with Nam Hwa Financial as the sole sponsor.

Both leading stocks in the storage industry, Samsung Electronics significantly lags behind SK Hynix! The strike crisis has become the biggest drag, with profits at risk of being eroded and operations being forced to be interrupted.

The pressure posed by the strike threat may further widen the gap in stock price between Samsung Electronics and SK Hynix.

Ministry of Transport: From April 27th to May 3rd, the national railway transported 80.81 million tons of goods, an increase of 1.63% compared to the previous period.

From April 27th to May 3rd, the national railway transported 8080.1 million tons of goods, an increase of 1.63% compared to the previous period; the number of trucks passing through national highways was 4806.1 million, a decrease of 15.4% compared to the previous period; the monitored ports handled a total of 27823.4 million tons of goods, an increase of 7.64% compared to the previous period, and handled 694.7 million standard containers, an increase of 4.37% compared to the previous period.

China Resources Property: Hong Kong luxury homes are highly sought after, with the transaction volume in the Southern District of the Peak doubling to 1 billion yuan in April.

In the southern part of the mountaintop, there were about 8 transactions totaling over a billion Hong Kong dollars in April, which is twice the number recorded in March. Among them, 2 were first-hand transactions and 6 were second-hand transactions, representing a doubling from the 1 and 3 transactions recorded in March, respectively.

Hong Kong Manufacturers' Association: Long-distance shipping costs increase by 50 to 100%, putting pressure on business funds.

The Middle East conflict has affected the logistics costs of companies, with short and medium-haul flight costs increasing by 10% to 30%, long-haul flight costs rising by 50% to 100%, and insurance and fuel surcharges increasing accordingly. Additionally, prices for some raw materials such as metals and plastics have also risen by 10% to 30%.

Crypto legislation expected to boost bullish morale! Bitcoin surges back to $80,000, reaching a three-month high.

Bitcoin broke through $80,000 for the first time in three months, reaching the highest level since January 31, with other smaller-scale tokens such as Ethereum also rising.

New Stock Outlook | Production Capacity Ranks First in Asia, but Profit Anxiety is Hard to Conceal: How Likely is Wei Kang Probiotics to Succeed in Listing on the Hong Kong Stock Exchange?

Weikang Yisheng Probiotics chose to go public in Hong Kong at this time, its confidence comes not only from the dividends of the trillion-dollar health market, but also from the firm belief in the "leading" technology route of domestic probiotics in China instead of just following others.

Chen Haolian: The target of launching the Gold Central Clearing System operation this year, the Hong Kong Exchanges and Clearing Limited will resume gold futures trading in the coming months.

On May 4, Hong Kong Financial Services Chief Secretary Christopher Hui stated in the Legislative Council's Finance Committee meeting that Hong Kong is actively promoting the development of the gold and commodities market in various aspects, including increasing gold storage capacity, building financial infrastructure, and enhancing gold supply.

The Japanese Yen surged 0.8%: suspicions of intervention rise again, 157 is a critical battleground.

The Japanese yen jumped during the Asian trading session, as traders remained highly cautious of the possibility of Japan's authorities intervening in the market again.

The Hong Kong dollar interbank interest rates continue to fluctuate. The one-month interbank interest rate is reported at 2.44%.

On May 4th, the interbank lending rate continued to fluctuate, with the one-month interbank lending rate related to the property market reported at 2.4431%, an increase of 0.072 basis points.

Hong Kong Monetary Authority: To consider issuing new banknotes after the first batch of stablecoins is launched.

Yu Weiwen said that after the first stablecoin is launched, they will consider issuing a new currency. He reiterated that even if a new currency is issued, it will be in limited quantities, depending on how many issuers the market can accommodate and the different new risks. He emphasized that they will manage market expectations well.

US stocks hit record highs to kick off a "super week": leading semiconductor giants releasing their earnings, can "AI expanding the labor force cake" become a new growth narrative?

Investors officially kick off a new week after experiencing a strong start to May on Friday and going through the financial reports of five companies in the "seven giants of technology" last week.

Hong Kong Monetary Authority: The percentage of US dollar assets in foreign exchange reserves was below 80% at the end of last year, and will become more diversified in the future.

Hong Kong Monetary Authority Chief Executive Eddie Yue said that the percentage of USD assets in the foreign exchange fund will be less than 80% by the end of 2024 and 2025, and will become more diversified in the future.

Hong Kong Tourism Promotion Association: The overall occupancy rate of Hong Kong hotels during the May Day Golden Week reached ninety percent.

Tony Tse, Executive Director of the Hong Kong Tourism Board, stated on a radio program that during the peak season, the overall occupancy rate of small to large hotels in Hong Kong reached 90%, and room rates only increased by a moderate 10% compared to previous long weekends.

New stock news | Huate Energy's Hong Kong IPO prospectus has become invalid.

The Hong Kong IPO prospectus submitted by Guangzhou Haote Energy Conservation and Environmental Protection Technology Co., Ltd. (referred to as "Haote Energy") on November 2, 2025, expired after 6 months on May 2, 2026.

The Federal Reserve and the Treasury Department have different views: Kashkari worries that the conflict will continue to push up inflation, while Brainard is optimistic that oil prices will fall immediately after the war.

Minneapolis Fed President Kashkari said that the longer the war involving Iran lasts, the greater the risk of rising inflation and more widespread economic damage.

Zhu Hexin, Deputy Governor of the People's Bank of China and Director of the State Administration of Foreign Exchange, attended a series of meetings including the ASEAN and China-Japan-Korea Central Bank Governors Meeting.

On May 3rd, Zhu Hexin, Vice President of the People's Bank of China and Director of the State Administration of Foreign Exchange, went to Uzbekistan to attend the ASEAN Plus Three Finance Ministers' and Central Bank Governors' Meeting.

Yu Weiwen: Financial market continues to operate smoothly, Hong Kong economy remains resilient.

Hong Kong Monetary Authority Chief Executive Eddie Yue stated at a meeting of the Financial Affairs Committee that the conflict in the Middle East has pushed up energy prices, adding uncertainty to the global economic and interest rate outlook. Despite significant volatility in global markets, Hong Kong's foreign exchange and currency markets continue to operate smoothly.

Macau's gross gaming revenue in April was 19.894 billion Macau patacas, a year-on-year increase of 5.5%.

According to data from the Gaming Inspection and Coordination Bureau of Macau, the gross revenue of Macau's gaming industry in April was 19.894 billion Macau patacas, an increase of 5.5% year-on-year.

New Stock Preview | Visionet Technology: China's Swimming Pool Cleaning Siasun Robot&Automation "Number One", Gross Margin to the left Net Profit Margin to the right

Wangyuan Technology submits listing application to the Hong Kong Stock Exchange Main Board.

GameStop Corp. Class A(GME.US) - A "David vs Goliath" style high-stakes gamble! CEO of Conn's, Inc. plans to acquire eBay (EBAY.US) at a premium of $56 billion, aiming to create a new e-commerce empire worth a trillion dollars.

Ryan Cohen, CEO of GameStop (GME.US), revealed to the media that the company plans to acquire e-commerce platform eBay (EBAY.US) for approximately $56 billion in cash and stock.

TSMC may restart the construction plan for the Longtan wafer fab or invest up to 19 billion US dollars.

According to anonymous industry sources, after a hiatus of two and a half years, TSMC may resume its plans for a wafer fab in Longtan, expected to introduce next-generation EUV processes. The sources suggest that if this plan is resumed, it is expected to attract investments of 500 to 600 billion New Taiwan Dollars. TSMC abandoned the plan in October 2023 due to strong local opposition and shifted its focus on advanced manufacturing to Kaohsiung and Tainan.

Hong Kong stock concept tracking | High-end CCL suppliers all announced price increases. Leading copper clad laminate companies benefit from AI expansion (with concept stocks).

CCL: Price increase combined with new demand exploration, the upgrade logic of high-end materials is underestimated.

The US-Iran situation has once again shown a glimmer of peace: both crude oil and the US dollar have fallen, while the price of gold has stabilized and is waiting quietly for the agreement to be finalized.

Due to the prospect of the resumption of navigation in the Strait of Hormuz and signs of progress in a deal between the US and Iran boosting market sentiment, oil prices fell along with the US dollar, while the price of gold remained relatively stable.

During the first two days of the Labour Day holiday in Macau, nearly 1.7 million people entered and exited the region, an increase of 8.3% compared to the previous year.

During the first two days of the May Day holiday (May 1st - May 2nd), the total number of inbound and outbound visitors in Macau was approximately 1.698 million, showing an increase of 8.3% compared to the same period last year, with an average of about 849,000 inbound and outbound visitors per day.

New Stock News | Shenzhen Yanzhi Intelligence holds a hearing at the Hong Kong Stock Exchange, with profits showing a decreasing trend year by year

According to the disclosure of the Hong Kong Stock Exchange on May 3, Beijing Shenyan Intelligent Technology Co., Ltd. (referred to as Shenyan Intelligent) went through the listing hearing on the Hong Kong Stock Exchange main board, with ICBC International as its exclusive sponsor.

May Day box office surpasses 500 million.

According to data from online platforms, as of May 3rd, the total box office of 2026 exceeded 13.4 billion yuan. The box office during the "May Day" holiday exceeded 500 million yuan, with an average ticket price of 36.8 yuan, the most favorable in the same period in nearly four years.

Cui Dongshu: From January to March, China's market share in the global new energy passenger car market reached 61%.

From January to March 2026, the world's car sales reached 22.4 million units, with new energy vehicles reaching 4.53 million units.

BYD: In April, sales of pure electric passenger vehicles reached 156,944 units. The performance in April was 156,944 units. Sales of plug-in hybrid passenger vehicles reached 157,156 units.

OPEC+ has agreed to increase production by 188,000 barrels per day in June, but this may just be a "paper number".

The analysis suggests that this is aimed at sending a signal that production can be increased at any time once the war is over.

Bank of America's Hartnett: This round of US stock market rise is supported by fiscal policy and AI. Once financing costs rise, the market may reverse.

Bank of America's Hartnett believes that the ongoing rise in US stocks is being driven by large-scale government fiscal spending and AI investments, forming a self-reinforcing "prosperity cycle".

Building a leading competitive advantage in the "Nephrology Flagship" sector, valuation restructuring of CONSUN PHARMA (01681) is underway.

When Kangchen Pharmaceutical went public and entered its thirteenth year of development, the market also focused on the new vitality of this long-established pharmaceutical company.

Zhongtai: Wealth management continues to exert force, maintaining China Merchants Bank (03968) with a "buy" rating.

China Merchants Bank (03968) is gradually accumulating a "moat" in the retail and wealth management sector.

According to the draft declaration, the Organization of the Petroleum Exporting Countries and partner countries will increase their daily oil production target by 188,000 barrels from June.

Zhongtai: Bank of China (03988) continues to show good performance, maintaining a "Buy" rating.

As a state-owned major bank, the company operates steadily, with stable asset quality and significant advantages in overseas business. The company has a high valuation safety margin, high dividend yields, and low valuation. We maintain our "hold" rating.

14 new drugs of Class 1 have been approved for clinical trials in China! From CF PHARMTECH (02652), Jiangsu Hengrui Pharmaceuticals (01276), and others.

Last week (April 27th to May 2nd), 14 first-in-class innovative drugs obtained Investigational New Drug (IND) approval for clinical trials in China. These products include small molecules, peptides, antibodies, antibody-drug conjugates (ADCs), and so on.

Ministry of Transport: On May 2, the total inter-regional population flow in the whole society was 297.665 million person-times.

On May 2, 2026, the total number of cross-regional personnel movements in the whole society was 29.7665 million, a decrease of 11.8% from the previous month and an increase of 1.7% year-on-year.

Chinese Railways: The national railway is expected to transport 18.55 million passengers today.

During the holiday period, the demand for family visits, tourism, leisure and other travels is very strong, and railway passenger flow remains high.

Chen Maobo: Hong Kong's GDP growth accelerates in the first quarter, marking the strongest quarterly growth in nearly 5 years.

Hong Kong is actively promoting the development strategy of mutual promotion between "AI+" and "Finance+" in order to accelerate the upgrading and transformation of various industries, strengthen the dynamism and resilience of the Hong Kong economy, and better cope with possible unfavorable factors.

First-quarter scan of the sci-tech innovation board's PCB sector: over 70% of companies see double growth in revenue and net profit. AI computing power drives expansion of high-end production capacity.

The first quarterly report of 2026 shows that the A-share sci-tech innovation board PCB sector has generally seen high revenue growth. In the wave of AI, there is a strong demand for infrastructure, pushing the printed circuit board industry to an unprecedented opportunity.

Finger Research Institute: Key real estate companies acquired a total of 192.31 billion yuan in land from January to April, with state-owned enterprises continuing to dominate.

From January to April 2026, the total land acquisition amount of the top 100 enterprises reached 192.31 billion yuan, with many plots sold at high premiums. In terms of land acquisition enterprises, state-owned enterprises are still the main force.

Position approaching 20 billion US dollars! "Stablecoin leader" Tether "eases up" on hoarding gold, still bought 6 tons in the first quarter.

The slowdown in gold purchases is due to the departure of two precious metal traders hired from HSBC in March, the abandonment of the plan for a "global best gold trading platform," and the significant volatility in the gold market in the first quarter. JPMorgan Chase pointed out that Tether's gold purchases last year ranked second only to the Polish central bank, which had a substantial impact on global gold prices.

"AI shovel" dominates the market, who will be the next winner? Goldman Sachs and SemiAnalysis debate the "core difference"

The winners of the first phase of the AI industry chain have already been rewarded to the extreme by the market. If Agentic AI continues to increase the value of tokens, the next round of incremental profits will either remain in the hardware layer or be redistributed to model labs, cloud providers, and enterprise software layers.

New stock news | Proya Cosmetics (603605.SH) once again submits listing application to the Hong Kong Stock Exchange, covering skin care, makeup, personal care and other fields.

According to the disclosure on April 30, 2026 by the Hong Kong Stock Exchange,Perfect Cosmetics Co., Ltd. has once again submitted an application for listing on the main board of the Hong Kong Stock Exchange, with China International Capital Corporation and UBS as its joint sponsors.

What considerations led Trump to claim that the US-Iran conflict is "over"?

One is to avoid the 60-day deadline of the War Powers Act, to prevent Republican lawmakers from openly voting for war before the election in order to maintain party unity; the other is to raise the legal threshold to deter the Democratic Party from filing a lawsuit. This move essentially resets a new space for them to use force again without congressional approval.

New stock news | Proya Cosmetics (603605.SH) re-files to Hong Kong Stock Exchange

According to the disclosure on April 30, 2026 by the Hong Kong Stock Exchange, P&G Cosmetics Co., Ltd. once again submitted an application for listing on the main board of the Hong Kong Stock Exchange, with CITIC Securities and UBS serving as its joint sponsors.

Shenzhen real estate new policies implemented: the number of second-hand house transactions at agency stores doubled, and customers from other cities are starting to enter the market.

On the evening of April 29th, the new real estate policy in Shenzhen officially took effect, targeting the relaxation of purchase restrictions in the core areas of Futian, Nanshan, and Baoan Xin'an, and simultaneously increasing support for provident fund loans. The implementation of the new policy coincided with the May Day holiday, with the policy benefits quickly spreading to the frontline market. "Compared to previous holidays, the proportion of customers staying in Shenzhen to view properties during this May Day is significantly higher," said Cai Xintao, a broker from LeYouJia in Shenzhen. Data from LeYouJia Research Institute showed that on the first day of the May Day holiday, the number of viewings of new properties in Shenzhen increased by 31% compared to the same period last year, while viewings of second-hand properties increased by 58%; the number of signed contracts for second-hand properties at LeYouJia stores increased by 114% compared to the same period last year. Data from the Shell Research Institute also showed that on May 1st, the number of signed contracts for second-hand properties at Shell's partner stores increased by 67% compared to the same period last year, demonstrating the immediate impact of the new policy.

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Hong Kong Monetary Authority: The credit conditions for small and medium-sized enterprises in Hong Kong remained stable in the first quarter.

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On May 4th, Lcha Group (06831.HK) spent HKD 805,700 to repurchase 91,600 shares.

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Global Automotive Industry Restructuring: Accelerated Rise in the East and Fall in the West, Reshaping the Landscape with Chinese Brands and Battery Leaders.

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Emirates Airlines said that capacity has returned to 75% of the levels before the disruption.

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Lian Lian Group (02598.HK) spent 299,600 Hong Kong dollars on May 4th to repurchase 51,000 shares.

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