GMT EIGHT - OPPORTUNITIES IN CHINA

The Growth Enterprise Index rose by 2.00% to 4337.579 points; the Shanghai Composite Index rose by 1.36% to 4146.043 points; and the Shenzhen Component Index rose by 1.59% to 16285.234 points.

The three major A-share indexes all rose more than 1%.

The Shanghai Composite Index rose by 1.00% to 4131.471 points; the Shenzhen Component Index rose by 1.18% to 16219.982 points; the ChiNext Index rose by 1.55% to 4318.097 points.

Lee Gardens: It is expected that the prices of small and medium-sized residential buildings in Hong Kong will increase by 8% in the second half of the year, while the rental growth rate is expected to narrow to 3%.

As we enter 2026, the property market in Hong Kong continues to heat up following the strong market at the end of last year. Developers are launching large new projects at market prices, which are quickly selling out, and this is also boosting the secondary market. In addition, with the strong performance of the stock market and IPOs at the beginning of the year, major banks are adjusting their forecasted price increases of up to double digits, leading to a positive outlook for the overall market and accelerating the momentum of rising prices and trading volumes.

The latest report on the American Confidence Index is 78.8 points. The property price index has risen by 10.03% so far this year.

The latest report of the American confidence index is 78.8 points, a decrease of 0.6% from the previous week, marking the third consecutive weekly decline.

Stop chatting about the internal competition of Siasun Robot & Automation! Apple Inc. (AAPL.US) iOS 27 borrows Apple Intelligence to fully take over the user's daily experience.

Apple (AAPL.US) is gradually shaping a broader AI strategy through the integration of a series of tiny features into its entire software.

A-share midday review | High-level fluctuations, Shuangchuang index hits new high and falls! Technology main line adjustment, bull market leader abnormal movement during trading hours.

After the A-share market fluctuated at high levels and fell back, the three major indexes turned red again, with clear differentiation between the yellow and white lines, and heavyweight stocks showing stronger trends.

Energy security alarm rings! 112 global giants collectively appeal: prioritize electrification in economic strategic core.

Many companies, including Nestle and IKEA, jointly called on governments on Monday to prioritize electrification in their economic strategies, in order to reduce dependence on volatile fossil fuel costs and enhance energy security.

Commodity futures closed in the early session.

Lithium carbonate fell continuously by 6.08%, silver fell continuously by 5.65%, platinum fell continuously by 4.77%, eggs fell continuously by 4.62%, and palladium fell continuously by 3.51%.

MLP: Low-interest environment continues, Hong Kong property prices will remain on the rise.

Low interest rates persist and citizens' desire to enter the market is on the rise, as more purchasing power is released, property prices will continue to receive support and maintain an upward trend.

The blockade of the Houmauz did not ignite the $4000 aluminum price: dark flights, China and Indonesia supply wave reshaping the logic of AI metal pricing.

The Iran war caused supply shocks in the aluminum market, but producers from the Middle East to China helped alleviate price spikes through complex logistics operations. Smelters in the Middle East "smuggled" in reserves of alumina and other raw materials, while smelters in China and Indonesia helped control the global market.

Ministry of Commerce: Service retail sales increased by 5.4% from January to May, with overall stable commodity consumption.

With the optimization and upgrading of China's consumption market structure, residents' consumption is transitioning from primarily goods consumption to a balance of goods and services consumption.

Stammer or announcement of resignation as early as Monday! The pound approaches the 2026 low, potential candidates for the new prime minister trigger panic in the British bond market.

Due to market expectations that Keir Starmer will announce his timetable for stepping down as Prime Minister of the United Kingdom in the coming days, the exchange rate of the pound is currently trading near its lowest point this year.

New stock news | Zec Pharmaceuticals (688266.SH) Hong Kong IPO prospectus has become invalid.

Suzhou Zejing Biopharmaceutical Co., Ltd. (referred to as Zejing Pharmaceutical, 688266.SH)s Hong Kong IPO prospectus submitted on December 19, 2025 expires after 6 months on June 19, 2026, with CICC being its exclusive sponsor at the time of submission.

New stock news | Huada Beidou Hong Kong stock IPO prospectus invalid

Shenzhen Huada Beidou Technology Co., Ltd. (referred to as Huada Beidou) submitted its Hong Kong IPO prospectus on December 19, 2025, which expired after 6 months on June 19, 2026. Zhong Yin International and Ping An Securities (Hong Kong) were its joint sponsors at the time of submission.

New stock news | Fuxin Futong Hong Kong stock IPO prospectus invalid

Fuxin Futong Technology Co., Ltd. (hereinafter referred to as "Fuxin Futong") submitted its Hong Kong IPO prospectus on December 19, 2025, which expired on December 19, 2026, six months after it was submitted. Zhong Yin International was its exclusive sponsor at the time of submission.

New Stock News | Global Horticultural Holdings IPO Prospectus Invalid

Global Garden is a top manufacturer and exporter of decorative horticultural products, specializing in decorative plastic flower pots for indoor and outdoor use. Through long-term business relationships, the company supplies products to large mass merchandise and home decor retailers in North America, including Lowe's, Walmart, Sam's Club, and Costco.

The trading volume of the Shanghai and Shenzhen stock markets exceeded 2 trillion yuan, an increase of 286.4 billion yuan from the same time the previous day.

New Stock News | Autel Intelligent Technology Corp., Ltd. (688208.SH) Hong Kong IPO Prospectus Invalid

The Hong Kong stock prospectus submitted by Shenzhen ETONE Technology Co., Ltd. (referred to as ETONE Technology (688208.SH)) on December 19, 2025, has been valid for 6 months and will expire on December 19, 2026. At the time of submission, China International Capital Corporation Limited was its exclusive sponsor.

New stock news: Lontium Semiconductor Corporation's Hong Kong IPO prospectus is invalid.

Longxing Technology is a leading high-speed mixed-signal chip design company, dedicated to building efficient and reliable "Data Highways" for intelligent terminals, equipment, and AI applications.

New stock news | Jinying Jia's Hong Kong IPO prospectus is invalid

Jiyinga Technology (Shaoxing) Co., Ltd. (referred to as Jiyinga) submitted its Hong Kong IPO prospectus on December 21, 2025, which expired after 6 months on June 21, 2026. At the time of submission, CCB International and Minsheng Capital were its joint sponsors.

Qatar accelerates the return of empty LNG transport ships to grab back exports. Will 20% of global LNG supply soon return?

As Qatar seeks to restore its share of about one-fifth of the global liquefied natural gas (LNG) supply, the country is stepping up efforts to bring back more empty LNG carriers.

C STRATEGIC TEC (01725) conducted a trial sail of nine boats on the Yongjiang River Market is waiting for it to prove delivery discipline.

On June 20, above the blue waves of the Port of Nanning, 9 new energy intelligent ships sailed through the waves one after another, and the construction behind them was done by the Hong Kong-listed company China Technology Group.

Chen Maobo: In the future, many high-quality companies will be listed in Hong Kong, leading to cautious optimism in the development of the stock market.

Since the beginning of this year, over 60 new stocks have been listed in Hong Kong, raising over $20 billion. He believes that many high-quality companies will be listed in Hong Kong in the future, with funds following suit, and he is cautiously optimistic about the development of the stock market.

New stock news | Rui Pai Pet Hospital's Hong Kong IPO prospectus failed to take effect

The Hong Kong Stock Exchange prospectus filed by Raipet Veterinary Hospital Management Co., Ltd. (hereinafter referred to as Raipet Veterinary Hospital) on December 22, 2025 expired after 6 months on June 22, 2026. Zhongjin Company was its exclusive sponsor at the time of submission.

The Bank of Japan faces resistance in raising interest rates: new committee member casts the only dissenting vote in debut, Mayor Sanae Highshi may nominate more dovish committee members to reshape decision-making body.

As the first policy committee member appointed by Prime Minister Takanao Takashima, Asada's unwavering support for monetary stimulus policies is beyond doubt.

New Stock Interpretation | From the Science and Technology Innovation Board to the Hong Kong Stock Exchange, Circuit Fabology Microelectronics Equipment (09630)s New Globalization Chess Game.

In the era of the rise of domestic semiconductor equipment, Xinqi Micro Assembly is steadily advancing towards the goal of becoming a leading global manufacturer of direct writing lithography equipment with solid technological accumulation and clear strategic vision.

Warsh’s hawkish debut ignites a strong-dollar stress test! The Fed’s “Warsh era” begins, and a defense war for Asian currencies may become the new normal.

Kevin Wash said he will focus on controlling inflation, and Federal Reserve officials are inclined to raise interest rates this year, which surprised investors. The US dollar rose in response, with hopes of entering a period of relative strength, which is the last thing struggling Asian currencies need.

State Postal Administration: The postal industry achieved a cumulative business income of 763.54 billion yuan from January to May, an increase of 6.2% year-on-year.

From January to May, the business revenue of the postal industry (excluding the direct business revenue of postal savings banks) totaled 763.54 billion yuan, an increase of 6.2% year-on-year. Among them, the revenue from express delivery services totaled 635.37 billion yuan, an increase of 7.2% year-on-year.

A-share midday report | The index opened high, with the innovation index rising over 1% intraday, and hard technology such as computing power hardware continued to lead the gains.

Looking ahead, CITIC Securities believes that in the current environment of flourishing global AI computing power industry, with the increasing differentiation between the overall AI industry and traditional industries, they continue to have a positive outlook on the performance of AI computing power as a long-term core theme in this bull market.

The Shenzhen Component Index rose by 1.00% to close at 16191.450 points; the Shanghai Composite Index rose by 0.34% to close at 4104.271 points; and the ChiNext Index rose by 1.44% to close at 4313.701 points.

The AI boom continues to drive up chip demand, with South Korea's exports increasing by nearly fifty percent in the first 20 days of June.

Thanks to the continued prosperity of the semiconductor industry, South Korea's exports in early June remained robust.

Hang Seng Index fell more than 2%, now at 23444.861 points; Hang Seng Technology Index is currently down 1.692%.

HK Stock Market Move | KNOWLEDGE ATLAS (02513) rose more than 40% in midday trading to a record high, with a market value exceeding one trillion Hong Kong dollars. The CEO is optimistic about China's model catching up speed.

Wisdom Education International Holdings Co Ltd (02513) surged more than 40% intraday, reaching a high of HK$2814 to once again refresh its all-time high on the market. Its total market value has surpassed the trillion mark of Hong Kong dollars.

The ChiNext Index rose 1.03% to 4296.167 points; the Shanghai Composite Index rose % to 4090.612 points; the Shenzhen Component Index rose 0.66% to 16136.097 points.

The silver continuous main contract fell 5% intraday and is now reported at 15923.00 yuan.

The Hang Seng Index fell more than 1%, now at 23674.119 points; the Hang Seng Technology Index is currently down 1.028%.

Ministry of Commerce: 10 U.S. entities will be included in the export control list for official implementation from the date of announcement.

1. Exporters are prohibited from exporting dual-use items to the 10 entities listed above. Organizations and individuals from any country or region are prohibited from transferring or providing dual-use items originating from China to the said entities. Any ongoing export activities should be immediately halted. 2. In special cases where export is necessary, exporters must apply to the Ministry of Commerce.

The US Department of Commerce responds by placing 10 American entities on its export control list.

According to relevant laws and regulations such as the Export Control Law of the People's Republic of China and the Regulations on the Export Control of Dual-Use Items of the People's Republic of China, China has decided to include Aveox, Inc. and 10 other US entities involved in military activities in the export control list and prohibit the export of dual-use items to them. Any exporter must not violate the above regulations.

Lithium carbonate continuous main contract fell 7% intraday, now reported at 154080.00 yuan.

Ministry of Finance: Taking relevant measures against 46 American enterprises in government procurement activities.

On June 22nd, the Ministry of Finance announced that according to relevant laws and regulations and with approval, it has decided to take related measures against 46 American companies in government procurement activities.

China's loan prime rate (LPR) has remained unchanged for the 13th consecutive month in June.

The People's Bank of China authorized the National Interbank Funding Center to announce that the loan prime rate (LPR) on June 22, 2026 is as follows: 1-year LPR is 3.0%, and LPR for 5 years and above is 3.5%. This rate has remained unchanged for 13 consecutive months.

Fuxing Bank continues to bet on policy-driven growth: shifting from bonds and cash withdrawal to stocks and commodities offensive.

The global economic growth momentum driven by government spending and large-scale AI investments by businesses may continue to display strong resilience, despite facing threats of tighter monetary policy. This has prompted Societe Generale to significantly increase its allocation to stocks and commodities assets while reducing exposure to bonds and cash.

Spot gold rose 1% intraday, currently trading at $4197.25 per ounce.

Spot gold breaks through $4180 per ounce, up 0.60% intra-day.

UBS dissects the benefits of medical AI: AI is difficult to become a moat for insurance companies, hospitals become the biggest winners.

UBS released a report pointing out that Artificial Intelligence (AI) is gradually becoming the underlying core technology in the healthcare field, but the biggest beneficiaries of this round of technological revolution are not health insurance companies. Hospitals, on the other hand, are expected to build more solid long-term competitive advantages by relying on AI.

The financing balance of the two cities increased by 12.808 billion yuan compared to the previous day.

As of June 18, the financing balance of the Shanghai Stock Exchange reported 1.495186 trillion yuan, an increase of 6.974 billion yuan from the previous trading day; the financing balance of the Shenzhen Stock Exchange reported 1.439473 trillion yuan, an increase of 5.834 billion yuan from the previous trading day; the combined total of the two exchanges was 2.934659 trillion yuan, an increase of 12.808 billion yuan from the previous trading day.

Premium as high as 60%! AbbVie (ABBV.US) plans to acquire Apogee (APGE.US) for $10.9 billion, with an official announcement expected as soon as today.

According to informed sources, AbbVie (ABBV.US) is close to reaching an agreement to acquire anti-inflammatory drug developer Apogee Therapeutics (APGE.US) for nearly $11 billion.

A-share pre-market report | New changes in US-Iran negotiations! Trump threatens again, oil prices soar

It is reported that the Iranian delegation conducting nuclear negotiations in Switzerland suddenly suspended the talks in protest of the threatening remarks made by US President Trump against Iran that day.

Ministry of Transport: By 2025, the national high-speed rail mileage will exceed 50,000 kilometers, and the commercial freight volume will reach 587 billion tons.

At the end of the year, the total operational railway mileage in the country is 165,000 kilometers, with 3,109 kilometers of new lines put into operation, including 50,000 kilometers of high-speed railway mileage and 2,862 kilometers of new lines. The double-track rate of railways is 61.4%, and the electrification rate is 76.8%.

Highlights of the securities morning meeting | Growth-driven but cautious about chasing highs. Positive changes are needed for the non-AI sector to rise.

At today's brokerage morning meeting, Citic Securities stated that the rise in non-AI sectors requires some positive changes in their own narrative; Huatai Securities believes that growth is dominant but cautious about chasing highs; Guotou Securities believes that this round of AI technology consortium will not end easily.

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Fangzheng Securities: Shanxi Fenjiu has sufficient long-term development momentum, maintaining a "strongly recommended" rating.

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The founding shareholder of Deep Blue New Materials, Zhu Jianqin, has passed away at the age of 57.

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Ericsson: Will invest over 300 million Swedish kronor in the Swedish digital venue project.

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Li Qiang will attend the 17th Summer Davos Forum.

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Ericsson: Ericsson and partners launch a national level 5G, 6G, and artificial intelligence testing center in Sweden.

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