GMT EIGHT - OPPORTUNITIES IN CHINA

The Singapore Exchange said that the Exchange Regulation Company will implement new listing rules for the global listing board. The new rules will coordinate listing schedules and submission processes with NASDAQ and other exchanges.

People's Bank of China: Will carry out 300 billion yuan of reverse repurchase operations.

Announcement from the People's Bank of China: In order to maintain the liquidity of the banking system, on May 6, 2026, the People's Bank of China will conduct a 300 billion yuan reverse repurchase operation using fixed quantity, rate bidding, and multiple price bidding methods.

On April 30th, Ali Qianwen announced the open source of Qwen-Scope - an interpretability module obtained from training models based on the Qwen3 and Qwen3.5 series. The application scenarios of Qwen-Scope include directed control of inference results, data classification and synthesis, model training and optimization, evaluation of sample distribution analysis and comparison, and more. The weights open sourced this time involve 7 major models covering dense models and mixed expert models of the Qwen3 and Qwen3.5 series, with a total of 14 sets of sparse autoencoder weights.

The former vice chairman of the Economic Committee of the 14th National Committee of the Chinese People's Political Consultative Conference, Yi Huiman, has been expelled from the party and dismissed from public office for serious violations of discipline and laws.

Approved by the Central Committee of the Communist Party of China, the Central Commission for Discipline Inspection and the National Supervisory Commission have initiated a disciplinary and legal investigation into the serious violations of discipline and laws by YI Huiman, former Deputy Director of the Economic Committee of the 20th Central Committee and the 14th National Committee of the Chinese People's Political Consultative Conference.

China Association of Automobile Manufacturers: The total import and export volume of automobile products in March 2026 was 24.18 billion US dollars, an increase of 11.8% year-on-year.

According to data compiled by the China Association of Automobile Manufacturers from the General Administration of Customs, in March 2026, the total import and export value of automotive goods was $24.18 billion, representing a month-on-month growth of 1.4% and a year-on-year growth of 11.8%. The import value was $2.69 billion, decreasing by 8.7% month-on-month and by 22.9% year-on-year; the export value was $21.49 billion, increasing by 2.9% month-on-month and by 18.5% year-on-year. From January to March 2026, the total import and export value of automotive goods in the country reached $75.14 billion, a year-on-year growth of 26.9%. The import value was $9.27 billion, a decrease of 3.2% compared to the same period last year, while the export value was $65.86 billion, an increase of 32.7% compared to the same period last year.

The Cyberspace Administration of China deploys the special action of "Clearing the Air and Rectifying Chaos in AI Applications".

Recently, the Cyberspace Administration of China issued a notice to deploy a special four-month campaign nationwide to clean up and regulate the chaos in AI applications.

Ministry of Finance: From January to March 2026, the total operating income of national state-owned and state-controlled enterprises decreased by 0.4% year-on-year, and the total profit decreased by 5.1% year-on-year.

On April 30th, the Ministry of Finance released the economic performance of national and state-owned enterprises in the first quarter of 2026.

Hong Kong Monetary Authority: The amount of new mortgage loans approved in March increased by 38.6% month-on-month to HK$40.1 billion.

On April 30, the Hong Kong Monetary Authority released the results of the residential mortgage survey for March 2026.

Hong Kong Monetary Authority: As of the end of March, the total assets of Hong Kong's foreign exchange funds amounted to HK$434.23 billion.

As of March 31, 2026, the total assets of the foreign exchange fund amount to 4.3423 trillion Hong Kong dollars, an increase of 48.8 billion Hong Kong dollars compared to the end of February 2026. Among them, Hong Kong dollar assets increased by 71.9 billion Hong Kong dollars, while foreign currency assets decreased by 23.1 billion Hong Kong dollars.

Russian Deputy Prime Minister comments on UAE's withdrawal from OPEC: Conflict limits supply, will not immediately trigger a price war.

Russia says that the UAE's withdrawal from OPEC will not immediately trigger a price war.

Hang Seng Indexes Company launches four new indexes including the Hang Seng Life Sciences Short Index.

Hang Seng Index Company launches four new indices: Hang Seng Healthcare Short Index, Hang Seng Healthcare 2x Short Index, Hang Seng Healthcare 2x Leveraged Index, and Hang Seng Healthcare Dividend Accumulated 2x Leveraged Index.

Hong Kong Monetary Authority: The number of negative equity residential mortgage loans at the end of the first quarter of 2026 was 11,424, a decrease of 46.4% compared to the previous period.

On April 30th, the Hong Kong Monetary Authority released the latest survey results on negative equity residential mortgage loans at the end of the first quarter of 2026.

Hong Kong Monetary Authority: The Hong Kong dollar money supply M2 and M3 both increased by 1.2% year-on-year in March.

The statistics released today (April 30) by the Hong Kong Monetary Authority show that the Hong Kong dollar money supply M2 and M3 both increased by 0.6% in March, compared to the same period last year, up by 1.2%.

Iran conflict reshapes shipping landscape, as many product tankers transform into crude oil carriers.

More and more finished oil tankers are starting to transform into crude oil transport ships.

Hong Kong SAR Government: The comprehensive surplus for the fiscal year 2025 to 2026 is 11.2 billion Hong Kong Dollars.

On April 30th, the Hong Kong Special Administrative Region Government announced the provisional figures for the financial position of the 2025-26 fiscal year.

Breaking through the risks of Middle East conflicts and AI disruption! European software companies break through with stunning financial reports.

In this financial reporting season, European software companies performed better than expected, overcoming concerns about the disruption risks of artificial intelligence (AI) and the impact of the Middle East war on business confidence.

Macau: The total value of exports in the first quarter of 2026 increased by 19.7% year-on-year to 41.8 billion Macau patacas.

According to the data from the Statistics and Census Service of Macao, the total value of exports in the first quarter of 2026 increased by 19.7% year-on-year to 41.8 billion Macau patacas.

Macau: The preliminary GDP for the first quarter is 108.01 billion Macau patacas, an increase of 7.1% compared to the same period last year.

In the first quarter of 2026, the preliminary value of Macao's gross domestic product (GDP) was 108.01 billion Macao patacas, a real growth of 7.1% year-on-year, and the total economic output has recovered to 90.3% of the same period in 2019.

Hong Kong Financial Secretary Chen Maobo: Currently, the total market value and trading volume of new economy companies account for over 25% in Hong Kong stocks.

On April 30th, Hong Kong Financial Secretary Paul Chan attended the "CCTV Financial Strong Nation - Hong Kong Financial Night" event and delivered a speech.

Emerging markets "snatch soap" to hedge against weak demand in North America Unilever PLC Sponsored ADR (UL.US) Q1 sales surge drives revenue beyond expectations.

Unilever's sales increased due to the growing demand for soap and cleaning products.

Giant Network Group (002558.SZ) received a regulatory letter due to the disclosure of historical asset sales.

This matter does not involve administrative penalties, nor does it involve the current operation of the company.

NVIDIA Corporation (NVDA.US) makes its first move into legal AI, betting on the $5.6 billion valuation startup Legora.

Nvidia's risk investment department, NVentures, has invested in the Swedish AI legal tech company Legora, with the latter being valued at $5.6 billion. This chip giant is continuing to increase its investment in startups globally.

CK Asset Holdings (01113) - Justin Chiu: Expects Hong Kong's new building transactions in the first half of the year to increase by more than 30% year-on-year.

This unchanged interest rate undoubtedly serves as a "stabilizer" for the real estate market, maintaining a healthy pattern of no speculation or bubbles in the market.

Saudi Aramco maintains next month's liquefied petroleum gas price unchanged.

The statement shows that Saudi Aramco will maintain the May liquefied petroleum gas prices at the same level as April, with no adjustment. The May propane contract price remains unchanged at $750 per ton. Butane prices are stable at $800 per ton. Due to facilities damage, Saudi Aramco has suspended liquefied petroleum gas deliveries for the entire month of May. Data from ship tracking firm Vortexa shows that most of Saudi's liquefied petroleum gas exports along the Persian Gulf coast are stalled, but the country has started shipping some propane and butane from ports along the Red Sea coast.

Fenjiu released its first quarter report, maintaining its pace in industry adjustment and laying a solid foundation for development through long-term operation.

Take the initiative to "slow down" and pursue "steadiness", Fenjiu uses real sales to exchange long-term value.

Iran's situation disrupts crude oil exports, Saudi Arabia's Q1 economic growth rate slows to 2.8%

Saudi Arabia's economic growth rate slowed to its lowest level since mid-2024 in the first quarter, as its key oil industry was impacted by the war with Iran.

Ministry of Industry and Information Technology: The scale of revenue from the electronic information manufacturing industry reached 4.31 trillion yuan in the first quarter, a year-on-year increase of 14.8%.

The Ministry of Industry and Information Technology releases the operation situation of the electronic information manufacturing industry in the first quarter of 2026.

What role will the establishment of the expert consultation committee on monitoring and early warning of the swine industry by the Ministry of Agriculture and Rural Affairs play?

On April 28, the Ministry of Agriculture and Rural Affairs held a founding meeting of the Expert Consultation Committee on Monitoring and Early Warning of the Pig Industry to discuss strengthening key work in monitoring and early warning of pig production capacity. Expert representatives at the meeting analyzed the current situation of pig production and sales, and provided opinions and suggestions on strengthening capacity monitoring and early warning. They believed that the current pig production capacity is being reduced in an orderly manner, prices are stabilizing and improving, the supply-demand relationship is improving, market confidence is returning, and the market outlook is expected to gradually improve. However, experts also reminded that pig farmers should implement capacity control requirements, properly arrange production and marketing plans, slaughter pigs at the right time, and avoid holding pigs for better market prices or blindly expanding production to speculate on market conditions, in order to avoid unnecessary losses.

MIIT: China's integrated circuit design revenue in the first quarter reached 106.5 billion yuan, a year-on-year increase of 14.0%.

On April 30, the Ministry of Industry and Information Technology released the operating conditions of the software industry in the first quarter of 2026.

In the Navy propaganda video, the new recruit He Jian sounds like "nuclear warship"? Ministry of National Defense responds

On April 30, the Ministry of National Defense held a press conference. Colonel Zhang Xiaogang, the spokesperson of the Ministry of National Defense, answered questions on recent military issues. Recently, the official Weibo account of the Chinese People's Liberation Army Navy announced that on the occasion of the 77th anniversary of the founding of the People's Navy, they released a promotional video titled "Towards the Ocean". The video focuses on a compass symbolizing faith and honor being passed down through generations in the hands of officers and soldiers, showing the Navy officers and soldiers upholding fine traditions, maintaining pure and glorious ideals, and being committed to the mission of striving for a strong military and building a powerful navy. At 5 minutes and 43 seconds into the video, a 19-year-old new recruit named "He Jian" arrives at the Fujian ship and is immediately brought on board by the leading officer. During the meeting, some media mentioned that the outside world has interpreted this as a hint that China's next aircraft carrier will be a nuclear-powered aircraft carrier. In response to this, Zhang Xiaogang stated that we always consider aircraft carrier construction based on the development situation. "As for the line in the video, different readers will have different interpretations."

The Ministry of Agriculture and Rural Affairs deploys the national large-scale single grain and oil crop yield improvement work.

Recently, the Ministry of Agriculture and Rural Affairs held a national meeting on the promotion of high-yield production of grain and oil crops in Xing'an League, Inner Mongolia Autonomous Region. The meeting emphasized the importance of promoting high-yield production of grain and oil crops, and stressed the need to focus on increasing both yield and income, as well as improving production ecology. The meeting called for efforts to promote the integration of good land, good seeds, good opportunities, and good practices to increase efficiency. The meeting also highlighted the need to focus on 1000 counties and 20 cities for comprehensive promotion, leverage the role of new business entities as demonstration drivers, promote the large-scale application of new varieties, technologies, equipment, and models, and improve the implementation rate of key technologies. The meeting also emphasized the need to organize expert guidance teams, industry technology systems, technology small teams, and other professional forces to provide continuous technical demonstrations, guidance, and training services. Lastly, the meeting called for careful organization and implementation of projects to increase the yield of corn and soybeans, and the promotion of technologies such as integrated water and fertilizer management to increase yield and efficiency based on local conditions.

The US naval blockade tightens Iran's economic noose! Riyal drops to historic new low, worries reignite as crude oil reaches four-year high.

The Iranian currency has recently dropped to a historic low, indicating that the US naval blockade is putting pressure on the country's economy.

Ministry of Industry and Information Technology: China's software business revenue in the first quarter was 3.492 trillion yuan, an increase of 11.6% year-on-year.

In the first quarter of 2026, China's software and information technology services industry maintained a good operating trend, with steady growth in software business revenue, a slowing momentum in total profit, and positive growth in software business exports. In the first quarter, China's software business revenue was 3.492 trillion yuan, an increase of 11.6% year-on-year. The total profit of the software industry was 389.4 billion yuan, an increase of 1.0% year-on-year. Software business exports were 15.6 billion US dollars, an increase of 12.7% year-on-year.

New stock news | Cofoe Medical Technology (01187) has received a subscription amount of HK$3.274 billion for its initial public offering, oversubscribed by 307.3 times. The entry fee for one lot is HK$3,972.7.

As of noon on April 30, KonFucius Medical (01187) received HKD 32.74 billion in applications for its rights issue, with a total fundraising amount of HKD 1.06 billion, oversubscribed by 307.3 times.

A-share closing review: Sci-tech innovation board surges by 5%! Han Wang hits the limit up strongly.

As of the close, the Shanghai Composite Index rose by 0.11% to 4112.16 points, with a turnover of 1.2762 trillion yuan.

Oil prices soar to highest since Russia-Ukraine conflict! Middle East war enters third month Market seriously underestimates the impact of "stagflation"

What global investors fear most is not a one-day rise in oil prices, but high oil prices lasting long enough to force central banks unable to cut interest rates, to compress corporate profit margins, to erode consumer demand, and ultimately form a "triple squeeze" of high inflation, low growth, and high interest rates.

The magazine "Qiushi" published an important article by General Secretary Xi Jinping titled "Speech at the Symposium on Studying and Implementing the Spirit of the Fourth Plenary Session of the 20th Central Committee of the Party for Provincial and Ministerial-level Leading Cadres".

Lu Lei, Deputy Governor of the People's Bank of China, attended the fifth Member Representative Conference of the China Payment and Clearing Association.

On April 28, 2026, the China Payment and Clearing Association held the fifth member representative meeting and the first meeting of the fifth council and supervisory council. Lu Lei pointed out that in recent years, the association has conscientiously implemented the decisions and arrangements of the Party Central Committee and the State Council, adhered to the positioning of self-discipline, rights protection, coordination, and service, and played an important role in areas such as payment interconnection, facilitation of payment for overseas visitors to China, payment risk governance, and protection of payment consumer rights. Currently, there is a profound change in the global economic and financial governance system, and artificial intelligence technology is developing rapidly. The role of payment in economic and social development is becoming increasingly important. It is hoped that the association, under the leadership of the new council, will further improve its political positioning, comprehensively strengthen party building, improve self-discipline management mechanisms, enhance the quality of member services, strengthen the operation and management of the cross-border QR code unified gateway, regulate member competitive behavior, maintain industry development order, and make greater contributions to promoting the high-quality development of China's payment and clearing industry.

Yield rise+slowdown in interest rate hikes. Japan's two-year government bond issuance sees strongest demand since 2024.

The two-year Japanese government bond auction saw the strongest demand since August 2024.

Avalyn Pharma, a biotechnology company specializing in lung fibrosis, priced its IPO at $18 and raised $300 million. It will debut on the Nasdaq tonight.

Avalyn Pharma raised $300 million by issuing 16.7 million shares of stock at a price of $18 per share.

Clouds of the Middle East war loom: France's GDP growth stagnated in the first quarter, and the Eurozone is deeply mired in "stagflation" quagmire.

According to data from the National Institute of Statistics in France, due to weak trade and insufficient domestic demand, the country's GDP in the first quarter of 2026 remained unchanged from the previous quarter.

Hong Kong Housing Department: The potential supply of first-hand private residential units is expected to decrease to 101,000 units in the next 3 to 4 years, reaching a low not seen in the past three quarters.

According to the latest data from the Hong Kong Housing Authority, as of the end of March 2026, the potential supply of first-hand private residential units in the next 3 to 4 years has decreased by 3,000 units compared to the previous quarter, recording a total of 101,000 units.

Trapped in the energy storm and the shadow of recession, the Bank of England is expected to "stay put" and enter a wait-and-see mode tonight.

Due to the tense situation between the U.S. and Iran, policymakers at the Bank of England are inclined to adopt a wait-and-see approach, and it is highly likely that they will keep the benchmark interest rate unchanged this Thursday.

New Stock Outlook | Crossing Boundaries to Make Power Supply, Can Streamax Technology (002970.SZ) Catch the "Carpool" of AI Infrastructure?

Currently, the AI sector is a core hotspot in the capital market, with activity continuing to rise.

Chips "make wealth" ignite inflation pressure, future assets: South Korea Central Bank is expected to raise interest rates at least three times in the next year, and the 10-year government bond yield is expected to break 4%.

Mirae Asset Global Investments stated that the enormous wealth created by Korean semiconductor manufacturers will drive spending and inflation, prompting the Bank of Korea to raise interest rates at least three times in the next year.

Shell (SHEL.US) LNG Canadian Project Competition Intensifies as Three Alternative Asset Management Giants Vie for North America's "Pacific Energy Gateway"

Apollo, Blackstone, and KKR compete to acquire shares in Shell Canada's liquefied natural gas project.

CoreWeave (CRWV.US) pre-performance: Oppenheimer sings more: data center capacity expansion exceeds expectations, 2026 revenue target may be significantly raised

Analysts have given CoreWeave a "outperform" rating with a target price of $150.

The oil price breaking $120 exacerbates volatility in Asian currency markets, with currencies in Indonesia, India, and Philippines reaching historic lows.

Oil prices have once again risen and broken through the $120 per barrel mark, putting pressure on some of Asia's most vulnerable currencies. The exchange rates of multiple countries' currencies have returned to near historic lows.

Lithium carbonate continuous main contract rose 5% during the day, now reported at 188960.00 yuan.

"Being a dictator doesn't work?" JP Morgan strategist warns Wash: Follow in the footsteps of giants, first learn to build consensus.

After taking over the helm of the Federal Reserve, Kevin Warsh needs to prove himself as a person who is good at consensus building, rather than a leader who acts unilaterally.

Latest

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According to AI Express of Every Economic News, Dongwu Securities released a research report on April 30th, giving a "buy" rating to Maiwei Technology (300751.SZ). The rating reasons include: 1) Semiconductor business revenue is expected to increase by 887% year-on-year in 2025, optimistic about the development of semiconductor and photovoltaic businesses; 2) Improvement in gross profit margin of semiconductor and overseas photovoltaic businesses, continuous increase in non-photovoltaic research and development investment; 3) Significant increase in 2026Q1 contracts, liabilities, and cash, acceleration in landing of semiconductor and photovoltaic orders; 4) Rapid progress in the semiconductor business, to fully benefit from the historic industry expansion; 5) HJT integrated equipment will fully benefit from overseas expansion, rapid progress in new technology such as perovskite integrated equipment.

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Jardine Matheson - B (01167.HK) spent approximately 499,800 Hong Kong dollars to repurchase 70,800 shares on April 30th.

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According to the AI quick report of Every Economic News, Guoyuan Securities released a research report on April 30th, giving Jinduichain (601958.SH) a "buy" rating. The main reasons for the rating include: 1) strong profitability of the company, increased investment in research and development; 2) the tightening supply and demand situation of molybdenum may drive the long-term rise in molybdenum prices; 3) the resource end mining self-sufficiency rate is 100%, and the production end technology is advanced. (Daily Economic News)

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Kanglong Huacheng: Shareholders holding more than 5% of the shares intend to reduce their holdings by no more than 1.50% of the shares.

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Heartbeat Company (02400.HK) spent 7.525 million Hong Kong dollars to repurchase 120,000 shares on April 30th.

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