GMT EIGHT - OPPORTUNITIES IN CHINA

Bank of Canada signals hawkish stance: does not want to act too slowly on rate hikes, oil prices become key risk

Bank of Canada Governor Macklem said that if inflationary pressures show more persistent signs, policymakers do not want to act too slowly on interest rate hikes.

US Stock Market Move | Capital Markets Day $23 Billion Target Falls Short of Expectations, Novo Nordisk A/S Sponsored ADR Class B (NVO.US) Drops Over 8%

On Monday, Novo Nordisk (NVO.US) opened lower and continued to decline, falling over 8% as of press time.

CF PHARMTECH (02652): ICF004 Completes Dosing of First Healthy Volunteer in Phase I Clinical Trial

CF PharmTech (02652) announced that the Phase I clinical trial of ICF004 (Chemical Drug Class 1), an inhaled dry powder for the treatment of interstitial lung disease (ILD) developed by the Group, has completed the enrollment and dosing of the first healthy volunteer. This progress marks that ICF004 has entered the subject dosing stage after being approved to conduct this Phase I clinical trial.

US Stock Market Move | Paramount Skydance may clear acquisition hurdles; Warner Bros. Discovery (WBD.US) rises over 10%.

On Monday, Warner Bros. Discovery (WBD.US) opened higher and continued to climb, rising over 10% as of press time, with a market capitalization of approximately $77 billion.

CIRC (01763) will distribute an interim dividend of RMB0.0994 per share on December 18.

China Isotope & Radiation Corporation (01763) announced that it will distribute an interim dividend of RMB0.0994 per share on December 18, 2026.

S.F. Holding (06936) wholly-owned subsidiary intends to contribute RMB 100 million to participate in investing in an equity investment fund.

S.F. Holding (06936) announced that, in order to promote the company's long-term development and achieve positive interaction between industrial operations and capital operations, on September 21, 2026, the company's wholly-owned subsidiary Shenzhen S.F. Investment Co., Ltd. signed the "Hangzhou Chuangyi Future Equity Investment Partnership (Limited Partnership) Partnership Agreement". Hangzhou Chuangyi Future Equity Investment Partnership (Limited Partnership) is a comprehensive industry strategy fund focused on pan-hard technology, mainly investing in growth-stage enterprises while also covering investments in some early-stage, high-growth enterprises.

New Stock News | Hong Kong Stock Market to Welcome the "First RISC-V Stock" as ESWIN Computing Passes HKEX Hearing

On September 21, ESWIN Computing successfully passed the HKEX hearing, moving one step closer to listing on the Hong Kong Main Board. It is expected to fill the gap in RISC-V sector listings and become the "first RISC-V stock."

US Stock Market Move | Optimus mass production accelerates, Tesla, Inc. (TSLA.US) rises over 3%.

On Monday, Tesla (TSLA.US) opened higher, and as of press time, it was up more than 3%, gaining about 20% since August.

After a cumulative share price drop of over 80%, compounded by the challenge of lock-up expiry, can TONGSHIFU (00664)'s "heavy-asset" direct-operation gamble turn around?

Once the sale of 6 million worth of goods begins, liquidity risk could be triggered at any moment.

US Stock Market Move | Optical communication stocks rise; Astera Labs (ALAB.US) gains over 7%.

On Monday, US optical communication stocks rose, with Astera Labs (ALAB.US) gaining over 7% and Credo (CRDO.US) gaining over 6%.

LEADS BIOLABS-B(09887): Vilxin (opamtisumab, PD-L1/41BB bispecific antibody) monotherapy for advanced EP-NEC pivotal registrational Phase IIB study selected as LBA, and three studies granted preferred oral presentation eligibility

LEADS BIOLABS-B (09887) announces that at the European Society for Medical Oncology Annual Congress 2026 (2026 ESMO), the Company's self-developed investigational drug Vilxin (opamtisumab, PD-L1/4-1BB bispecific antibody) monotherapy for advanced extrapulmonary neuroendocrine carcinoma ("EP-NEC") pivotal registrational Phase IIB clinical study has been selected as a Late-Breaking Abstract (LBA) and granted preferred oral presentation eligibility, marking that the study possesses breakthrough innovative nature and significant clinical value, and its results are expected to change existing clinical practice and reshape the standard treatment landscape for advanced EP-NEC.

US Stock Market Move | Bitcoin breaks through $85,000, concept stocks rise collectively, Strategy (MSTR.US) up over 7.5%.

Cryptocurrency concept stocks rose collectively, with Bitcoin breaking through $85,000, up over 5% intraday.

US Stock Market Move | Meta (META.US) rises over 7% as Connect conference approaches.

On Monday, Meta (META.US) opened with a gap up. As of press time, the stock price had risen over 7%, with a market capitalization exceeding $1.8 trillion.

US Stock Market Move | "Greenland" concept stocks surge; Greenland Energy (GLND.US) jumps nearly 150%

On Monday, affected by the news that Denmark and Greenland will sign a security agreement with the US, multiple Greenland concept stocks surged.

US Stock Market Move | Partnering with AUO to Deploy Micro LED Advanced Packaging, Intel Corporation (INTC.US) Opens Over 9% Higher

On Monday, Intel Corporation (INTC.US) opened sharply higher, rising more than 9% as of press time, with its September gain now exceeding 30%.

AI compute boom faces skepticism from top influencers: Rothschild bearish on "AI neoclouds," "The Big Short" warns of $3 trillion in off-balance-sheet commitments.

From the perspective of data center project economics, the question this Rothschild research report pursues is: after GPU rental income covers equipment depreciation, operating expenses, and financing costs, how much shareholder return can be left.

HP Inc. (HPQ.US) personally pours cold water on the PC industry: shipments decline in 2027, can "revenue from price increases" still hold up?

In a filing with the SEC, HP warned that PC shipments will decline by mid-single digits in 2027, saying this is consistent with third-party forecasts, and its stock fell more than 5% at one point in premarket trading.

GREEN BROAD (01253) enters into a share exchange agreement with Greenland Financial

Green Broad (01253) and Greenland Financial Overseas Investment Group Co., Ltd. jointly announce that the share exchange agreement is intended to, among other things, reduce the Company's overall offshore debt level by approximately 52%.

Ricacorp: Hong Kong's private residential completions in July at 186 units, down 95% month-on-month

In July 2026, a total of 2 projects were completed across Hong Kong, comprising 186 private residential units.

Hong Kong Commerce and Economic Development Bureau: CEPA will be amended for a third version; foreign companies set up in Hong Kong will enjoy the same tax-exempt treatment as Hong Kong enterprises when entering the mainland.

CEPA will be amended for a third version. Any foreign company that comes to Hong Kong to set up a company and then enters the mainland to do business will also have CEPA applied to it and receive treatment equivalent to that of a Hong Kong company. Products manufactured by foreign companies in Hong Kong, if they meet the "Made in Hong Kong" requirements, can enter the mainland duty-free.

CONANT OPTICAL (02276) will distribute an interim dividend of HKD 0.2 per share on October 23.

CONANT OPTICAL (02276) announced that it will distribute an interim dividend of HKD 0.2 per share for the six months ended June 30, 2026, on October 23, 2026.

Hong Kong SFC: Hong Kong has accumulated institutional advantages and market strength over the years; dim sum bonds and new stock fundraising are flourishing on multiple fronts.

The "Hong Kong's First Five-Year Plan" and the new "Policy Address" explicitly point out that finance is Hong Kong's foundation and greatest advantage.

Xinhua Winshare Publishing & Media (00811) plans to acquire 100% equity of Sichuan Nationalities Publishing House for RMB 346 million.

Xinhua Winshare (00811) announced that on September 21, 2026, the board of directors approved the "Resolution on the Company's Acquisition of 100% Equity of Sichuan Nationalities Publishing House Co., Ltd.", approving the potential acquisition. The Company (as purchaser) intends to enter into an equity transfer agreement with Sichuan Xinhua Publishing and Distribution Group (as seller) in respect of the potential acquisition, pursuant to which Sichuan Xinhua Publishing and Distribution Group will agree to sell, and the Company will agree to purchase, the target equity for a consideration of RMB 346 million.

The more stunning AI capabilities become, the faster data must move! Marvell (MRVL.US) leverages 2nm optical interconnect to open new space for its AI infrastructure business.

Marvell's advantage lies in its simultaneous involvement in both "improving per-unit computing efficiency" and "improving cluster collaboration efficiency," helping customers obtain more effective computing power within limited power and capital budgets while reducing the processing cost per token.

TR INTERIORS (06162) proposes to implement a share consolidation on a "40-into-1" basis.

TR INTERIORS (06162) announces that the board proposes to implement a share consolidation on the basis that every 40 existing shares in the issued and unissued share capital of the company be consolidated into 1 consolidated share. As at the date of this announcement, the existing shares issued and fully paid or credited as fully paid are 2.4 billion shares. Assuming no further shares will be issued from the date of this announcement until the date of the extraordinary general meeting, upon the share consolidation becoming effective, there will be 60 million consolidated shares issued and fully paid or credited as fully paid. The authorized share capital of the company will remain at HK$100 million, but will be divided into 250 million consolidated shares of HK$0.4 each. The share consolidation is subject to, among other things, approval by the shareholders by way of an ordinary resolution at the extraordinary general meeting before it becomes effective.

Supply shocks strike repeatedly, Fed's Goolsbee warns: fighting inflation may come with unavoidable "economic pain"

Chicago Fed President Goolsbee warns that supply shocks have become the norm, and fighting inflation may require employment and wages to come under pressure, putting him at odds with Chair Warsh's views.

New Stock News | Dynamic Electronics (603175.SH) Files with Hong Kong Stock Exchange, Ranks First Globally in the Automotive HDI Board Market

According to a disclosure by the Hong Kong Stock Exchange on September 21, Dynamic Electronics Circuit Co., Ltd. (referred to as Dynamic Electronics, 603175.SH) has submitted an application for listing to the Main Board of the Hong Kong Stock Exchange, with CICC and Guolian Securities International acting as its joint sponsors.

DL HOLDINGS GP (01709) and Polibeli Group Ltd entered into a memorandum of understanding for cooperation on artificial intelligence-related cloud computing

DL Holdings (01709) announced that on September 21, 2026 (after trading hours), the Company entered into a non-binding memorandum of understanding (MOU) with Polibeli Group Ltd (Polibeli, a company incorporated in the Cayman Islands and listed on the Nasdaq Stock Market under the ticker symbol "PLBL"), regarding the preliminary assessment of potential business cooperation in artificial intelligence-related cloud computing services and supporting digital infrastructure, with an initial focus on potential opportunities in Southeast Asia and other overseas markets (the Proposed Cooperation).

BOYAA (00434) further purchases a total of approximately 152 bitcoins.

BOYAA (00434) announced that during the past week, the Group conducted a series of transactions on the open market, further purchasing a total of approximately 152 bitcoins for an aggregate consideration of approximately HK$90.63 million (equivalent to approximately US$11.56 million), at an acquisition cost of approximately US$75,899 per bitcoin (purchase of bitcoins).

Fitness+ business streamlining, $1,999 foldable screen and AI strategy take the lead! Apple Inc. (AAPL.US) is brewing a new round of strong growth.

A more significant catalyst for future performance is the high-end product mix upgrade brought by foldable screens, as well as a new wave of iPhone replacement demand driven by Apple's exclusive AI experience, which the company has been planning for years.

PBOC Holds Symposium for Foreign-Funded Financial Institutions: Steadily Expanding Two-Way Opening of Financial Markets

The People's Bank of China held a symposium for foreign-funded financial institutions to hear their opinions and suggestions, and to study work related to further optimizing the business environment and promoting high-level opening-up of the financial sector.

KINGWELL GROUP (01195) issues a profit warning, expecting an annual net loss of approximately RMB 6 million to RMB 12 million, an increase year-on-year.

KINGWELL GROUP (01195) has announced that, based on a preliminary assessment of the unaudited consolidated management accounts of the Group for the year ended 30 June 2026 (the current year), it is expected that the current year will record a net loss of approximately RMB 6 million to RMB 12 million, compared with a net loss of approximately RMB 1.95 million for the year ended 30 June 2025. The increase in loss is mainly attributable to inventory impairment and goodwill impairment in respect of the Xuzhou operations during the current year. Such accounts have not been reviewed by the Company's audit committee nor audited by the Company's auditors, and may be subject to changes and adjustments upon further review. The Company's annual results for the current year will be published on 28 September 2026.

New Stock News | Dynamic Electronics (603175.SH) Files with the Hong Kong Stock Exchange

According to a disclosure by the Hong Kong Stock Exchange on September 21, Dynamic Electronics Co., Ltd. (referred to as: Dynamic Electronics, 603175.SH) has submitted an application for listing to the Main Board of the Hong Kong Stock Exchange, with CICC and Guolian Securities International acting as its joint sponsors.

HANXBIO-B (03378) Signs Strategic Cooperation Framework Agreement and XtalPi Science Technology Platform Use Authorization Agreement with XtalPi

HANXBIO-B (03378) announced that the Company and XtalPi Science Technology (Shenzhen) Co., Ltd. (XtalPi) (an independent third party of the Company) recently formally entered into a strategic cooperation framework agreement and an XtalPi Science technology platform use authorization agreement (collectively, the Agreements), to explore the application of AI for Science in areas such as antibody design, innovative molecule design, and optimization of drug research and development processes.

LI NING (02331) Shanghai Longdian Opens, Leveraging Top-Tier Resources to Drive Full-Chain Commercial Conversion

On September 21, LI NING (02331) Longdian's first global flagship store officially opened in the Nanjing East Road commercial area in Shanghai, with the full LI NING Gold Label product series unveiled simultaneously.

HONY MEDIA (00419) Subsidiary Signs Strategic Cooperation Agreements with UDITECH and Multiple Siasun Robot&Automation Companies to Jointly Build Demonstrative Siasun Robot&Automation Application Projects

HONY MEDIA (00419) announced that Ainobo (Chengdu) Technology Co., Ltd., an indirect subsidiary of the Group, has recently entered into strategic cooperation agreements with UDITECH (Wuxi) Co., Ltd. (UDITECH), Suzhou Pangolin Robot Corp., Ltd. (Pangolin Robot), Chongqing Keenon Intelligent Technology Co., Ltd. (Keenon Intelligent), Changsha Wanwei Robot Co., Ltd. (Wanwei Robot), and Shanghai Yongli Information Technology Co., Ltd. (Yongli Information) (collectively, the Cooperative Robot Enterprises).

PBOC: Average Daily Bond Repo Trading in the Interbank Market in August Was 6.5 Trillion Yuan, Down 14.8% Year-on-Year

In August 2026, the average daily turnover in the two markets was 2,241.45 billion yuan, down 16.5% month-on-month.

MEILLEUREHEALTH (02327) plans to acquire all equity in Dexin Pharmaceutical Development for HK$35.2 million.

MEILLEUREHEALTH (02327) announced that on 21 September 2026 (after trading hours), the Company and the vendor Yucheng Industrial Limited entered into an agreement pursuant to which the vendor has agreed to sell, and the Company has agreed to acquire through the purchaser Meilleure Group Development Limited (a wholly-owned subsidiary of the Company), the sale shares (representing the entire issued share capital of the target company Dexin Pharmaceutical Development Limited) at a total consideration of HK$35.2 million.

Northbound funds | Northbound trading recorded a net buy of 4.074 billion. With Alibaba's Yunqi Conference imminent, northbound funds snapped up over HK$500 million worth of Alibaba (09988).

On September 21 in the Hong Kong stock market, northbound trading recorded a net buy of HK$4.074 billion. Among this, Hong Kong Stock Connect (Shanghai) recorded a net buy of HK$3.118 billion, and Hong Kong Stock Connect (Shenzhen) recorded a net buy of HK$956 million.

CHINASOFT INT'L (00354) wins the bid for the 2025 Guangdong Industrial Internet Pilot Test Base Shenzhen AI-assisted Design for Manufacturability new construction project with RMB 16.0643 million.

CHINASOFT INT'L (00354) announced that recently, the Group successfully won the bid for the "2025 Guangdong Industrial Internet Pilot Test Base Shenzhen AI-assisted Design for Manufacturability New Construction Project" (hereinafter referred to as the "Project"), with a total bid amount of RMB 16.0643 million (tax inclusive), subject to the final amount stipulated in the signed contract.

HKEX: Publishes consultation paper on Phase 2 review of listing regime competitiveness, proposes relaxing disclosure of dealings threshold to 50%

On September 21, HKEX published a consultation paper seeking market views on Phase 2 proposals to enhance the competitiveness of Hong Kong's listing regime.

Wall Street's most steadfast bull issues a warning: if oil prices and the bond market deteriorate further, the S&P 500 could first fall to 7,100 points.

Morgan Stanley strategists warn of energy and bond market risks, saying the S&P 500 could fall 7% to 7,100 points, but they remain bullish on an earnings-driven rally by year-end.

C HIGHPRECISION (00591) issues profit warning, expects annual loss attributable to shareholders of approximately RMB 13 million to RMB 16 million, turning from profit to loss year-on-year.

C HIGHPRECISION (00591) has issued an announcement that the Group expects to record a loss attributable to owners of the Company of approximately RMB 13 million to RMB 16 million for the year ended 30 June 2026, compared with a profit attributable to owners of the Company of approximately RMB 17.4 million for the year ended 30 June 2025. The expected loss attributable to owners of the Company for the year ended 30 June 2026 is primarily due to a decrease in sales of high-precision automated instruments and technical products in the petroleum and petrochemical industries caused by project delays.

XTEP INT'L (01368) will distribute an interim dividend of HK$0.18 per share on October 30.

XTEP INT'L (01368) announced that it will distribute an interim dividend of HK$0.18 per share for the six months ended June 30, 2026, on October 30, 2026.

AI frenzy hides pullback risk? ECB Governing Council member: Once expectations fall short, the market will be very fragile.

ECB Governing Council member Fabio Panetta warned that overly optimistic valuations of technology companies could expose the market to a significant pullback.

CHINA ENV RES (01130) issues profit warning, expects annual consolidated loss to decrease by no less than 80% year-on-year.

China Environmental Resources (01130) has issued an announcement stating that the Group's unaudited consolidated loss for the year ended 30 June 2026 is expected to decrease by no less than 80% compared with the loss of approximately HK$42.9 million for the corresponding period in 2025.

GUANGDONG INV (00270) will distribute an interim dividend of HK$0.2919 per share on October 28.

GUANGDONG INV (00270) has announced that it will distribute an interim dividend of HK$0.2919 per share for the six months ended June 30, 2026, on October 28, 2026.

QINGDAO PORT (06198) intends to sell a 55% equity interest in Fangzhou Intelligent to QINGDAO PORT Group.

QINGDAO PORT (06198) announced that on September 21, 2026, the Company entered into an equity transfer agreement with QINGDAO PORT Group, pursuant to which QINGDAO PORT Group agreed to acquire, for cash, a 55% equity interest in Fangzhou Intelligent held by the Company, with the total consideration for the subject equity amounting to RMB 68,382,700.

Census and Statistics Department of the Hong Kong Government: Hong Kong's balance of payments recorded a surplus of HK$54.6 billion in the second quarter of 2026.

On September 21, the Census and Statistics Department of the Hong Kong Government released the preliminary statistics on Hong Kong's balance of payments, international investment position, and external debt for the second quarter of 2026.

MOBI DEV (00947) subsidiary Mobi Ji'an wins second prize of Jiangxi Provincial Science and Technology Progress Award; Mobi RF filter technology gains provincial-level authoritative recognition again.

MOBI DEV (00947) announced that the Jiangxi Provincial People's Government recently announced the results of the "2025 Jiangxi Provincial Science and Technology Awards." The project "Development and Industrialization of Wide Stopband Miniaturized Cavity Filters," jointly completed by the Group's subsidiary Mobi Communication Technology (Ji'an) Co., Ltd. (hereinafter collectively referred to as "Mobi Ji'an"), won the second prize of the Science and Technology Progress Award.

Latest

7 m ago

USD Bond Movement | China Evergrande EVERRE 9.5 04/11/22 price rose 2.471% to 1.812.

7 m ago

USD Bond Movement | Road King ROADKG 7 PERP price fell 2.623%, quoted at 18.673

7 m ago

U.S. dollar bond movement | China Evergrande EVERRE 11.5 01/22/23 price rose 2.471%, quoted at 1.812

37 m ago

The Dow closed up 0.71%, the Nasdaq rose 2.26%, and the S&P 500 gained 1.49%. Among the stocks with the highest trading volume, Meta Platforms rose 11.43%, Micron Technology rose 2.77%, Advanced Micro Devices rose 9.95%, and Nvidia rose 2.3%.

1 h ago

U.S. stocks opened higher and extended gains, with all three major indexes closing up. The Nasdaq rose 2.26%, the S&P 500 gained 1.49%, and the Dow added 0.71%. Semiconductor chip stocks surged, with ARM up over 17%, Intel up more than 12%, Meta up over 11%, and AMD and Qualcomm up more than 9%. Among them, AMD hit a new high, with its market capitalization surpassing $1 trillion for the first time, becoming the fourth U.S. chip company to join the "trillion-dollar club."

Seeking Coverage

Being Writer

Exploring Cooperation