GMT EIGHT - OPPORTUNITIES IN CHINA

Huajin Securities: A-shares in June continue to fluctuate with a slight bias towards strength, the technology sector remains unchanged.

In June, growth opportunities may continue to be dominant, while the style of both large and small cap stocks may tilt towards balance.

Key NGS certificate terminated registration, facing a vacuum period of good news Burning Rock Biotech Ltd. Sponsored ADR Class A (BNR.US) stock price fell more than 40% on the 5th.

On May 25th, the National Medical Products Administration updated the registration status of medical devices, showing that the multi-gene mutation detection kit for circulating tumor DNA jointly declared by Burning Stone Medical (BNR.US) has been "terminated registration" using the reversible terminant sequencing method. This is not good news for Burning Stone Medical, whose stock price is currently in a downward trend.

New Stock News | Guona Semiconductor Advances in Submitting Application to Hong Kong Stock Exchange as China's Leading Local Provider of Intelligent Semiconductor Transmission Systems

Guona Semiconductor is a leading Chinese provider of intelligent semiconductor transmission systems, and is also the only local company in the country that can provide scalable, end-to-end intelligent semiconductor transmission systems.

Ministry of Commerce: China and Europe are discussing establishing a mechanism for trade and investment negotiations.

The spokesperson stated that they hope the European side and the Chinese side will work together, implement the consensus reached by the leaders of both sides, properly address differences and frictions through dialogue and consultation, and promote the stable and healthy development of China-Europe economic and trade relations.

New stock news | Magi shares re-submit the Hong Kong Stock Exchange's 2025 loss rate as high as 91.7%

During the past reporting period, Meijia Co., Ltd. continued to generate a net loss.

National Energy Administration: 237 million green certificates issued in April, with tradable green certificates accounting for 74.85%

On May 30, the National Energy Administration released the data on the issuance and trading of green power certificates for renewable energy nationwide in April 2026.

New stock news: Zhi Rent IoT submitted its application to Hong Kong Stock Exchange to establish a battery exchange network covering over 90 cities in China.

By December 31, 2025, ZhiZu Internet of Things has established a battery-swapping network covering over 90 cities in China (through self-operated sites and business partners), installed approximately 22,400 intelligent battery-swapping cabinets, and deployed 416,180 sets of batteries.

A certain MCN spread rumors and demanded an apology from Xiaomi Group and Lei Jun.

On May 29th, a certain MCN publicly apologized through its official account for inappropriate comments made by one of its accounts about Xiaomi Group and its founder, Chairman, and CEO Lei Jun.

New stock news | Zhejiang China Commodities City Group (600415.SH) has submitted an application to the Hong Kong Stock Exchange to become the world's largest international trade comprehensive service platform.

According to Zhuo Shi Consultation's data, based on the total transaction amount of goods in 2025, the Small Commodities City is the world's largest international trade comprehensive service platform; based on the number of market merchants in 2025, the company is also the world's largest small commodities wholesale market.

New stock news | Intelligent Renting IoT submitted application to HKEx

According to the disclosure by the Hong Kong Stock Exchange on May 29th, Wise Leasing Technology Group Limited (referred to as "Wise Leasing") has submitted its listing application to the main board of the Hong Kong Stock Exchange, with Shenwan Hongyuan (HK) Limited as its exclusive sponsor.

New stock news | Truly Biological submits four times to Hong Kong Exchange

According to the disclosure by the Hong Kong Stock Exchange on May 29th, True Biotech Limited (referred to as "True Biotech") has submitted an application for listing on the main board of the Hong Kong Stock Exchange, with CICC being its exclusive sponsor.

New Stock News | Lafarge Harmonic Delivery Table Hong Kong Stock Exchange

According to the disclosure from the Hong Kong Stock Exchange on May 29th, Zhejiang Laifuharmonic Transmission Co., Ltd. (referred to as Laifuharmonic) has submitted its listing application to the main board of the Hong Kong Stock Exchange, with CICC as its exclusive sponsor.

New stock news | Guonar Semiconductor submits application to Hong Kong Stock Exchange

According to the disclosure on May 29th by the Hong Kong Stock Exchange, Shanghai Guonan Semiconductor Technology Co., Ltd. (Guonan Semiconductor) has submitted its application for listing on the Main Board of the Hong Kong Stock Exchange, with Guotai Junan International as its exclusive sponsor.

New stock news | Megajia Stock submits second application to Hong Kong Stock Exchange

According to the disclosure by the Hong Kong Stock Exchange on May 29, Magna Holdings Limited (referred to as Magna Holdings) has submitted its listing application to the Main Board of the Hong Kong Stock Exchange, with China International Capital Corporation, Citigroup, and Deutsche Bank as its joint sponsors.

Ceasefire agreement nears, triggering a wave of sell-offs! Oil prices suffer the worst weekly decline in six weeks, as funds accelerate their withdrawal from the energy market.

Due to a possible preliminary agreement between the United States and Iran, which includes the reopening of the Strait of Hormuz, crude oil futures prices have dropped to their lowest level since mid-April.

Sword points to the largest IPO in history! OpenAI secretly collaborates with Citibank, JP Morgan, and a luxurious Wall Street underwriting team gradually emerges.

According to informed sources, OpenA has reportedly held discussions with Citigroup and J.P. Morgan, considering including them in its IPO banking lineup.

Meta (META.US), TikTok spend money to "keep quiet": the first case of a school district lawsuit against social media addiction settles, social media giants collectively pay $27 million.

Some of the world's largest social media platforms have agreed to pay around $27 million to settle a lawsuit brought by a rural school district in Kentucky.

Inflation reignites pressure on the doves to "defect"! Federal Reserve Vice Chairman Bowman releases rate hike signal, policy balance shifts towards tightening again.

Federal Reserve officials continue to send signals indicating that if the Middle East war leads to further increases in already high inflation, the institution may need to raise interest rates in the future.

Pizza Hut wants to sell itself? Reports suggest that American conglomerate Yum Brands (YUM.US) is considering divesting its "underperforming" business, with private equity newcomer LongRange gaining exclusive negotiation rights.

Yum! Brands is currently in exclusive negotiations to sell its Pizza Hut chain business to LongRange Capital.

HK Bull/Bear Outstanding Qty Ratio(56:44) | May 30th

As of May 30th, the latest bull-bear ratio of the Hang Seng Index is 56:44.

Experiencing fear of falling overwhelms the need for safety. Hedging and selling stock options plummet, reducing insurance costs. Analysts: the market has not yet fully transitioned to being bullish.

Caution has become Wall Street's most expensive mistake.

Excess supply pressure in the U.S. natural gas market intensifies, hedge funds collectively bet on price decline for the first time in two years.

With the continuous abundant supply of natural gas in the United States, coupled with the possibility of reduced future export demand, hedge funds have turned bearish on the US natural gas market for the first time since 2024.

SpaceX wins over $4 billion contract from the US Department of Defense to build a satellite tracking system for Trump's "Space Fence" defense program.

SpaceX has been awarded a US defense contract worth over $4 billion to develop a satellite tracking system for the "Space Fence" missile defense program championed by President Trump.

Overnight US stocks | Three major indices hit new highs again, with the Nasdaq index accumulating an 8.36% increase this month. Dell Technologies, Inc. Class C technology (DELL.US) rose by 32.76%.

As of the close, the Dow rose 363.49 points, up 0.72% to 51032.46 points; the Nasdaq rose 55.15 points, up 0.20% to 26972.62 points; the S&P 500 index rose 16.43 points, up 0.22% to 7580.06 points.

US Stock Market Move | Spot gold and Bitcoin are soaring straight up, with concept stocks rising across the board.

US crude oil fell below $87, spot gold rose by up to 2%, breaking through $4590 per ounce; Bitcoin rose sharply, breaking through $74,000 at one point.

Has the rapid rise of the S&P 500 index come to an end? Analysts warn that it may slowly climb or even consolidate in the coming months.

The easiest money-making phase in the short term may have already passed.

AI "New Favorite" Ford Motor Company (F.US) stock price is heading towards the largest monthly increase in 17 years. Investors are highly focused on its electric vehicle battery business.

Ford Motor Company's stock price is heading towards its largest monthly increase in 17 years.

New stock news | True Health Medical sprints for Hong Kong IPO: approved by China Securities Regulatory Commission filing

Real Health Medical speeds up its Hong Kong IPO, approved by the China Securities Regulatory Commission.

US Stock Market Move | After being rejected by the FDA twice, Replimune (REPL.US) skin cancer drug sees a turnaround with its stock price skyrocketing over 77%.

As of the time of writing, the stock has risen more than 77%, reaching $8.27.

US Stock Market Move | The tea brand "Cha.us" surged over 19%, with the growth rate of GMV in China improving for two consecutive quarters.

On Friday, Chaodu Gesche (CHA.US) surged more than 19% to $12.13.

Evening hot spot for A shares | Hong Kong stocks see a surge in short selling of semiconductor companies, with Semiconductor Manufacturing International Corporation reaching record levels of short selling.

The short-selling data of SMIC International continues to rise, with the number of short-selling shares increasing significantly from 3.2025 million shares at the beginning of this month to 10.339 million shares.

US Stock Market Move | Storage concept stocks continue to rise, with Micron Technology, Inc. (MU.US) up more than 5%, reaching a record high stock price.

Storage concept stocks continued to rise, as of the time of writing, Micron Technology has risen by more than 5%.

Morgan Stanley admits short-selling mistakes, JP Morgan aggressively bullish... Dell Technologies, Inc. Class C (DELL.US) delivers explosive "AI report card", sparking a wave of target price upgrades on Wall Street.

After Dell announced its financial report, analysts are optimistic about its demand for artificial intelligence and servers.

US Stock Market Move | Dell Technologies, Inc. Class C technology (DELL.US) soared more than 33% in the first quarter of the fiscal year 2027, greatly exceeding expectations.

On Friday, Dell Technologies (DELL.US) surged over 33%, marking its biggest gain since 2024, reaching $422.42, hitting a new all-time high for its stock price.

U.S. stocks in the semiconductor, storage chip, server, and application software sectors are all surging, with many stocks reaching new historical highs.

The U.S. stock market has seen a full-scale surge in semiconductors, storage chips, servers, and application software. AMD rose by over 13%, Oracle rose by over 5%, Qualcomm rose by 5.3%, Intel rose by almost 4%, Broadcom rose by 3.2%, approaching historical highs. Micron Technology rose by 3.5%, continuing to set new historical highs; Microsoft rose by over 3%. ARM rose by nearly 5%, setting a new historical high again. Previously, Dell surged 35% at the opening, marking its largest increase since 2024.

The US trade deficit in goods for April narrowed more than expected, with export growth offsetting rising imports.

In April, the trade deficit in goods in the United States narrowed, reflecting an increase in exports of capital goods and consumer goods.

Dell's stock price soared 33% at the opening, marking the largest single-day increase since 2024.

US Stock Market Opening: Three major indexes rise together.

The Dow rose 0.09%, the S&P 500 rose 0.14%, and the Nasdaq rose 0.10%. Dell rose 32.34%, US NetStore rose 23.60%, Wisdom rose 11.15%, AMD rose 8.81%, HP rose 8.72%, NowServices rose 8.40%, and IBM rose 5.57%. As for the "Seven Sisters": Microsoft rose 1.94%, Apple rose 0.12%, Nvidia rose 0.03%, Meta Platforms fell 0.28%, Amazon fell 0.36%, Tesla fell 1.08%, and Google fell 1.77%.

Difficult to see a bidding war! CBRE Group, Inc. Class A sets its sights on acquiring Caesars Entertainment Inc (CZR.US): Fertitta has unique acquisition conditions, with a target price locked in at $31.

CBRE analysts believe that due to the large transaction size, high leverage, and cumbersome regulatory process, the bidding war for the acquisition of Caesar Entertainment is unlikely to happen, and Fertitta has a unique advantage.

New stock news | Union Semiconductor (688403.SH) submitted documents to the Hong Kong Stock Exchange, focusing on advanced packaging and testing solutions for DDIC.

According to the disclosure on May 29th by the Hong Kong Stock Exchange, Hefei Xinhui Cheng Microelectronics Co., Ltd. has submitted an application for listing on the Main Board of the Hong Kong Stock Exchange, with China International Capital Corporation Limited as the exclusive sponsor.

NetApp (NTAP.US) benefits from the "storage super cycle" windfall! Performance and guidance surpass expectations, prompting major banks to raise their target price.

American Webco announced better-than-expected performance and guidance, pushing the company's stock price to surge in pre-market trading on Friday in the US, and receiving positive ratings from several major Wall Street firms.

New stock news | Zhejiang China Commodities City Group (600415.SH) submitted application to Hong Kong Stock Exchange

According to the disclosure by the Hong Kong Stock Exchange on May 29, Zhejiang China Small Commodities City Group Co., Ltd. (referred to as "Small Commodities City", 600415.SH) submitted its listing application to the main board of the Hong Kong Stock Exchange, with HSBC and CITIC Securities as its joint sponsors.

Astrazeneca PLC Sponsored ADR (AZN.US) the new indication of benralizumab has been approved and launched

On May 29th, the NMPA official website showed that AstraZeneca's benralizumab has been approved for a new indication for the treatment of adult and adolescent patients aged 12 and above with hypereosinophilic syndrome without a clear non-hematologic secondary cause.

Spot prices skyrocket + inventory plummet, aluminum industry trapped in "supply black hole"

The shortage situation in the aluminum market continues to worsen.

Macao Monetary Authority: The funding cost of Macao banks generally decreased in the first quarter. The Macao SAR Interbank Offered Rate (MOR) at the end of March was 1.16%.

On May 29th, statistics released by the Monetary Authority of Macau indicated that the funding costs of Macau banks in the first quarter of 2026 were generally decreasing.

Stellantis (STLA.US) is not currently expanding its collaboration with Jaguar Land Rover and Tata to Europe, but is betting on partnerships with Chinese companies and self-developed technology.

Stellantis currently has no plans to expand its cooperation with Jaguar Land Rover and Tata Motors in the European market. It is currently evaluating the technical solutions for Alfa Romeo's large car models and considering introducing niche Jeep models produced in cooperation with Dongfeng into Europe.

Selected A-share announcements | China State Construction Engineering Corporation (601668.SH) recently won a major project worth 11.4 billion yuan.

The Chinese construction announcement mentioned that the company recently obtained a major project, which is the Kuidong-Kuzishan-Kuche Expressway Project KDK-TJSG-1 section of the G3033 highway. The project amount is 11.36 billion yuan, accounting for 0.5% of the audited operating income in 2025.

New Share Listing News | Union Semiconductor (688403.SH) Submits Application to Hong Kong Stock Exchange

According to the disclosure on May 29th by the Hong Kong Stock Exchange, Hefei Xinhui Cheng Microelectronics Co., Ltd. has submitted an application for listing on the main board of the Hong Kong Stock Exchange, with CICC as the exclusive sponsor.

Chinese astronauts have broken another record.

The crew of Shenzhou-21 spacecraft entered the Chinese space station on November 1, 2025, and three astronauts stayed in orbit for 210 days, setting a new record for the longest single crew stay in orbit by Chinese astronauts.

The State Internet Information Office and four other departments jointly published the "Regulations on the Management of Internet Information Content Multi-Channel Distribution Services"

The relevant person in charge of the State Internet Information Office stated that the "Regulations" are aimed at promoting the standardized and healthy development of multi-channel distribution services for Internet information content, safeguarding the legitimate rights and interests of citizens, legal persons, and other organizations, and creating a good online ecosystem.

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59 m ago

After completing the acquisition of Sunoco in 2024, 7-11 will integrate its 1300 Stripes chain stores.

1 h ago

US Secretary of State Rubio: Ambassador Tom Barak has always been the core liaison person for Syrian affairs and a trusted key figure in Iraqi affairs. He will continue to play an important role, not only serving as the US Ambassador to the Republic of Turkey, but also promoting strategic cooperation between the President and the Syrian government, and coordinating with the new government in Iraq. He is an indispensable member of the President's team, and I have full trust in him, with all his work receiving full support from the US State Department. He is willing to continue leading the relevant affairs and will bring tangible benefits to the American people.

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The average price of gasoline in the United States has still increased by 46% compared to before the Iran conflict.

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Lebanese Prime Minister: The power to decide on war and peace must be in the hands of the nation.

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Market News: The US has once again intercepted a civilian cargo ship violating the blockade regulations.

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