GMT EIGHT - OPPORTUNITIES IN CHINA

Uber Technologies, Inc. (UBER.US)-backed ridesharing platform Lime (LIME.US) launches its IPO on the US stock market, aiming to raise up to $181 million.

Ride-sharing company Lime, supported by Uber, submitted its latest IPO filing to the U.S. Securities and Exchange Commission on Monday. The company plans to raise up to $181 million through its initial public offering to be listed on a U.S. stock exchange.

Meta (META.US) has made a bold investment of $900 million in the Indian financial technology unicorn CRED, with the founder taking the helm of WhatsApp.

Meta Platforms announced that it will invest $900 million in Indian financial technology company CRED, valuing the latter at approximately $4.5 billion.

Weak demand combined with operational pressures: Lucid (LCID.US) announced a 18% reduction in its US workforce and the elimination of the COO position.

Lucid Group announced on Monday the initiation of a new round of large-scale layoffs and the elimination of the Chief Operating Officer (COO) position in order to further reduce costs.

US Stock Market Move | SpaceX (SPCX.US) falls more than 9%, accumulating a 20% drop over three consecutive trading days.

On Monday, SpaceX (SPCX.US) dropped over 9%, closing at $168.10, a cumulative decline of 20% over the past three trading days.

Mexico silver mine developer Sinda Ltd (SIND.US) is sprinting towards a US stock market IPO with plans to raise up to $345 million.

Mexican silver mine developer Sinda Ltd. plans to raise up to $345.2 million through an initial public offering (IPO) and simultaneous private placement.

US Stock Market Move | Alphabet Inc. Class C (GOOGL.US) fell more than 5% as concerns about a large-scale price war risk sparked market worries.

On Monday, Google (GOOGL.US) fell more than 5%, closing at $347.57.

Financing model under scrutiny again! Strategy (MSTR.US) continues to increase its holdings of Bitcoin for the third consecutive week, selling common stocks as the main source of funding.

The company purchased 520 bitcoins between June 15th and June 21st, with a total value of approximately 39.4 million US dollars.

AbbVie is making a bold $10.9 billion bet on the next "drug king"! AbbVie is acquiring Apogee with a 49% premium, aiming for Sanofi's Dupixent.

AbbVie will acquire Apogee Therapeutics for $1.09 billion in cash.

NVIDIA Corporation (NVDA.US) strongly promotes the Siasun Robot & Automation safety system, aiming to break through the "last line of defense" in human-robot collaboration.

Nvidia is currently committed to improving the operational safety of humanoid robots around humans. The chip manufacturer believes that before robots can be truly trusted to work closely with humans, they must have millisecond-level instantaneous decision-making capabilities.

The Ministry of Agriculture and Rural Affairs and the National Development and Reform Commission held a symposium on strengthening comprehensive regulation of pig production capacity.

Recently, the Ministry of Agriculture and Rural Affairs and the National Development and Reform Commission organized a symposium with some major pig-producing provinces and large-scale pig breeding enterprises to analyze and judge the current situation of pig production, guide localities and enterprises to carry out routine targeted control, and promote pig prices to return to a reasonable level as soon as possible. The meeting believed that the current pig prices have stabilized at the bottom and it is necessary to continue to tightly implement comprehensive production capacity control measures, effectively improve the market supply and demand relationship, and consolidate the foundation for the recovery of pig prices. The meeting required large-scale pig breeding enterprises to actively respond to the call, improve the quality of production statistics and monitoring data reporting, take the lead in reducing pig production capacity and output, strictly control secondary fattening, lead in the culling of weak piglets, and lead in reducing the weight of slaughtered pigs. The relevant major pig-producing provinces should strengthen supervision at all levels and share monitoring information, strengthen through management, urgently revise and implement provincial production capacity control plans, better form policy synergy, and continue to substantially reduce production capacity.

The US Treasury Department relaxes restrictions on Iran-related energy transactions.

On June 22nd local time, the US Department of the Treasury issued a general license authorizing the production, transportation, and sale of Iranian-origin crude oil, petrochemical products, and petroleum products until August 21st. The document shows that this general license allows transactions involving the import of Iranian-origin crude oil, petrochemical, and petroleum products into the United States.

"Micron Technology continues to set new record highs"

Micron Technology opened higher and rose more than 6%, reaching $1203.66 per share. The total market value is reported to be $1.36 trillion, continuing to hit a new record high.

US Stock Market Move | Storage chip concept stocks generally rose, with Micron Technology, Inc. (MU.US) rising more than 5%.

On Monday, storage chip concept stocks rose across the board, with Micron Technology (MU.US) up over 5% and SanDisk (SNDK.US) up 5%.

New Stock News | YUEPU Digital Intelligence submitted an application to the Hong Kong Stock Exchange, specializing in social media integrated marketing solutions services.

According to the disclosure on June 22 by the Hong Kong Stock Exchange, Shanghai YUEPU Smart Data Technology Co., Ltd. has submitted an application to the Hong Kong Stock Exchange Main Board, with CMB International as its exclusive sponsor.

Legendary curtain call! Former Federal Reserve Chairman Greenspan passes away at the age of 100, a life intertwined with glory and controversy.

In 1987, Alan Greenspan was nominated by then-President Reagan to be the Chairman of the Federal Reserve. He served through four presidents and five terms until he stepped down in 2006, with a term lasting nearly 19 years. He is the second longest-serving Chairman of the Federal Reserve in American history, and had a profound impact on the US economy.

Fervo Energy's (FRVO.US) first financial report falls far below expectations. Despite collaborating with NVIDIA Corporation to develop a geothermal AI platform, the stock price still rose more than 8%.

Geothermal energy developer Fervo Energy released its first quarter financial report on Monday, with both revenue and earnings per share falling below analyst expectations. Additionally, the company announced partnerships with Nvidia and the Pacific Northwest National Laboratory (PNNL) in the United States.

US Treasury Secretary Bensen: Following successful talks in Switzerland, the Treasury Department has issued a 60-day temporary general license authorizing Iranian oil production and sales.

The legendary chairman of the Federal Reserve, Alan Greenspan, has passed away at the age of 100.

Greenspan served as the head of the Federal Reserve for five consecutive terms during the administrations of four American presidents, leading the US monetary policy for nearly 19 years.

Selected A-share announcement: Satellite Chemical (002648.SZ) expects a year-on-year increase in net profit of 119%-155% in the first half of the year.

Changchuan Technology (300604.SZ) announced that it is expected to achieve a net profit attributable to shareholders of the listed company of 900 million to 1 billion yuan in the first half of 2026, a year-on-year increase of 110.76% to 134.18%.

SpaceX is planning to issue investment grade bonds for the first time, kicking off a new round of "AI burn money showdown".

SpaceX (SPCX.US) issued investment grade bonds for the first time, which may mark the beginning of a large-scale debt issuance to raise funds for its artificial intelligence (AI) business layout.

New stock news | Huatai Smart Delivery to the Hong Kong Stock Exchange

According to an announcement from the Hong Kong Stock Exchange on June 22nd, Shanghai Yuepu Data Intelligent Technology Co., Ltd. has submitted an application to list on the main board of the Hong Kong Stock Exchange, with CMB International serving as its exclusive sponsor.

Hong Kong Property: It is expected that in the first half of the year, the number of transactions for first-hand residential properties in Hong Kong will exceed 11,500, while the number of transactions for second-hand residential properties will be around 30,000.

Hong Kong Property predicts that there will be more than 11,500 transactions of newly built homes and approximately 30,000 transactions of pre-owned homes in the first half of the year in Hong Kong.

The Real Estate Developers Association of Hong Kong: The number of newly completed private residences in April rose to 2009 units, reaching a half-year high.

In April, the number of private residential completions in Hong Kong reached 2,009 units, nearly four times higher than the 404 units completed in March, setting a new six-month high.

Texas Tesla, Inc. (TSLA.US) Model 3 crashes into residential building causing a death, automatic assisted driving becomes the focus of investigation.

A Tesla (TSLA.US) Model 3 crashed into a house, resulting in the death of a 76-year-old woman.

National Energy Administration: For the first time, non-electric consumption will be included in the assessment of the minimum proportion of renewable energy consumption.

On June 22, relevant officials from the National Energy Administration answered questions from reporters on the "Implementation Measures for the Minimum Proportion of Renewable Energy Consumption Targets and the Weighting System for the Responsibility of Consuming Renewable Energy Electricity".

New Stock News | Circuit Fabology Microelectronics Equipment (09630) oversubscribed 194 times in the IPO. The cost of entering one lot is HK$12763.9.

Xingo Microdevices (09630) will be listed for IPO from June 17th to June 23rd, planning to issue 12.839 million H shares.

Chevron Corporation (CVX.US) and Microsoft Corporation (MSFT.US) sign a 20-year power supply agreement: Low gas prices provide energy for Texas AI data center, establishing a new industry paradigm of "behind-the-meter generation"

Microsoft signed a 20-year electricity agreement for a data center in Texas with ExxonMobil.

Arcosa (ACA.US) is trading higher in pre-market! They have received an offer of $8.5 billion from CRH public limited company (CRH.US) for acquisition.

CRH Cement has signed an agreement to acquire 100% of the equity of American aggregate and essential infrastructure product supplier Arcosa through an all-cash transaction of $150 per share.

"The biggest IPO in history" continues to pull back! SpaceX (SPCX.US) has fallen for two consecutive days, dropping nearly 5% before the market opens.

Space exploration technology company SpaceX (SPCX.US) fell 4.6% in pre-market trading on Monday, continuing a pullback trend after a strong rise since its listing.

Preview of US Stock Market | The three major stock index futures are mixed, the US and Iran have reached an agreement on documents, and the US May PCE costs are the focus of the market this week.

Before the opening of the US stock market on Monday, June 22nd, the futures of the three major US stock indexes were mixed.

From the brink of bankruptcy to the peak of the industry! SK Hynix's epic comeback achieved with HBM, surpassing Samsung to become South Korea's largest market value.

SK Hynix surpassed Samsung Electronics for the first time, becoming the largest publicly traded company in South Korea by market value.

Pre-market surges by 300% at one point! Getty Images (GETY.US) partners with OpenAI, triggering a frenzy of "magic stock" celebration with a single agreement.

The stock price of Getty Images surged 200% in pre-market trading after reaching a deal with OpenAI.

Baker Hughes (BKR.US) has submitted remedies to the European Union in order to seek antitrust approval for its acquisition of Chart Industries, Inc. (GTLS.US).

U.S. oilfield services giant Baker Hughes has submitted a remedy plan to EU regulatory authorities in an effort to clear antitrust hurdles for its $13.6 billion acquisition of Chart Industries.

Iran's crude oil prices have dropped significantly, leading to more ships leaving the Strait of Hormuz.

With Iran reaching a temporary peace agreement with the United States, releasing millions of barrels of crude oil onto the market, Iranian oil sellers to China have significantly lowered their selling prices.

HKEX announced the optimization of customer margin requirements to further enhance the efficiency of the derivatives market.

The Hong Kong Stock Exchange announced that it will optimize the customer margin requirements of its derivatives clearing house to enhance capital efficiency, reduce financing costs for market participants, and support the long-term development of the Hong Kong derivatives market.

The British political scene is entering a new round of turbulence, as the resignation of the Prime Minister is intertwined with uncertainty in the fiscal outlook.

In the case of a significant drop in approval ratings, British Prime Minister Stammer announced his resignation on Monday.

ECARX Holdings, Inc. acquired the Flyme software business: this year, the Flyme OS system will be upgraded, and the mass production of Auto 3.0 will be implemented, accelerating the "All in AI Agent" strategy.

This transaction will further improve the end-to-end operational capabilities of Yikatong Technology, solidifying the foundation for its core strategy of "All in AI Agent" to be implemented.

Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR (TSM.US) stock price lags behind peers, will it seize the opportunity of the "slow bull" in the AI chip frenzy?

Despite doubling in price in a year, TSMC's stock still lags behind its peers, due to strategic restraint and valuation games under full capacity.

Northbound funds | North Water Net Sold for 5.82 Billion, Domestic Investors Continue to Grab Shares in Jian Tao Holdings, Selling YOFC (06869) Over 2.4 Billion Hong Kong Dollars at High Prices.

On June 22, the Hong Kong stock market saw a net sell of 5.82 billion Hong Kong dollars by northbound investors. Among them, the Shanghai-Hong Kong Stock Connect saw a net buy of 1.626 billion Hong Kong dollars, while the Shenzhen-Hong Kong Stock Connect saw a net sell of 7.445 billion Hong Kong dollars.

National Energy Group has a total installed power generation capacity exceeding 400 million kilowatts, accounting for approximately one tenth of the country's total.

The State Energy Group announced that the group's installed power generation capacity has exceeded 400 million kilowatts, accounting for approximately one-tenth of the total national installed power generation capacity. It plays a key role in ensuring the stable supply of national electricity and maintaining energy security.

Three departments: Further deepen the coordination mechanism for financial consumer and investor protection work, focusing on improving the quality and effectiveness of financial consumer and investor protection efforts.

Recently, the China Banking and Insurance Regulatory Commission, the People's Bank of China, and the China Securities Regulatory Commission jointly held the fourth Financial Consumer and Investor Protection Regulatory Liaison Officers meeting.

Outperforming 90% of peers, the technology fund doubles down on Chinese assets, bullish on internet and hardware leaders.

A technology stock fund that outperforms its peers is taking profits from popular US stocks and increasing positions in Chinese assets.

Ministry of Commerce: China absorbed a total of 327.29 billion yuan in foreign investment from January to May 2026.

According to the data from the Ministry of Commerce, from January to May 2026, a total of 25,297 new foreign-invested enterprises were established nationwide, with actual foreign investment utilization reaching 327.29 billion Chinese yuan.

Milestone moment for the UK bond market! Trading data achieves comprehensive integration for the first time, algorithmic trading and electronic trading may usher in an explosive opportunity.

After a plan that has been brewing for years and aims to improve market transparency officially launches, bond investors can finally access trading information in the UK bond market through a single data feed.

Hong Kong: Total employment in private sector decreased by 0.4% year-on-year in March, while the number of job vacancies decreased by 12% year-on-year.

In March 2026, compared with the same period last year, the total number of employees in private institutions covered by the statistical survey fell by 0.4%, with a total of 48,610 job vacancies, a decrease of 12% or 6560 compared to the same period last year.

Hong Kong's Census and Statistics Department: Hong Kong's balance of international payments surplus in the first quarter of 2026 was HK$352 billion.

On June 22nd, the Hong Kong Census and Statistics Department released the preliminary statistical figures for the first quarter of 2026 on Hong Kong's balance of payments, international investment position, and external debt.

In the first quarter of 2026, Hong Kong's GDP increased by 5.9% on a year-on-year basis in real terms.

The Hong Kong government's census and statistics department released today (June 22) the preliminary data on the quarter-on-quarter volume of goods produced locally in the first quarter of 2026, calculated by economic activity.

Ministry of Finance: National general public budget revenue from January to May reached 10.0465 trillion yuan, a year-on-year increase of 4%.

On June 22, the Ministry of Finance released the fiscal revenue and expenditure situation for January to May 2026.

Local time this morning, British Prime Minister Johnson announced his resignation at 10 Downing Street.

The double Hai Rishi ETF once again loosens the cap on options! After a "rapid expansion", alternative options are gradually showing a "double-edged sword".

Southern Star Eastern Asset Management Limited (CSOP Asset Management Ltd.) announced that it will further increase the options usage limit of its SK Hynix leveraged exchange-traded funds (ETFs) with a total size of $14.4 billion.

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US dollar bond movement | Cheung Kong Holdings Limited CKHH 4.75 09/13/34 price increased by 1.507% to 100.430

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The United States will release 500,000 barrels of crude oil from the Strategic Petroleum Reserve to Vitol Company.

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AbbVie's stock price rose by over 7%, marking the largest single day increase since November 2020.

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Porsche's CEO stated that despite the challenging market conditions, the company is maintaining its performance forecast unchanged.

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