GMT EIGHT - OPPORTUNITIES IN CHINA

Sell computing power rather than sell shoes! Allbirds (BIRD.US) "transformed into AI" overnight, with its stock price skyrocketing over 400%. Why is the market buying into it?

"Silicon Valley God Shoes" Allbirds enters the GPU computing power rental track.

Contemporary Amperex Technology (03750) achieved a net profit attributable to shareholders of 20.738 billion yuan in the first quarter, an increase of 48.52% year-on-year.

Contemporary Amperex Technology Co., Ltd. (03750) announced that in the first quarter of 2026, the operating income was 1291.31 billion yuan, a year-on-year increase of 52.45%; the net profit attributable to shareholders of the listed company was 207.38 billion yuan, a year-on-year increase of 48.52%; and the basic earnings per share was 4.58 yuan.

The Dow rose 0.03% at the opening, the Nasdaq rose 0.21%, and the S&P 500 rose 0.15%. Star tech stocks Microsoft rose 1.24%, Tesla rose 0.72%, and Meta Platforms rose 0.68%. The Nasdaq China Golden Dragon Index fell 0.2%, with NIO falling 3.15% and XPeng Group falling 3.13%.

National Bureau of Statistics: Intends to explore new trading models such as word element trading.

The National Bureau of Statistics is soliciting public opinions on the "Implementation Plan for Promoting the Construction of High-Quality Data Sets in Industries". It proposes to innovate the business model of industry high-quality data sets, improve the long-term operation mechanism of data sets, encourage data sets to be listed for trading in data circulation service agencies such as data exchanges, develop diverse service forms such as "subscription model", "market model", "customized model", etc., and promote the business model to evolve from selling basic data packages to calling application programming interfaces, model-based solutions, and full-stack services. Explore new trading models such as word element trading, build a data set value system based on quantifiable and pricable word elements.

National Bureau of Statistics: Plans to cultivate a group of leading enterprises in data labeling, unicorn enterprises, and gazelle enterprises.

The National Bureau of Statistics solicits public opinions on the "Implementation Plan for Promoting the Construction of High-Quality Data Sets in the Industry". The draft for soliciting opinions proposes continuously promoting the pilot testing of data labeling. It guides the first seven cities tasked with the pilot testing of data labeling to continuously strengthen the data labeling industry. It lays out a phased plan to establish a number of innovative data labeling pilot zones in regions with strong innovative capabilities, good development foundations, and unique industrial features. It orderly guides regions with the necessary conditions to carry out pilot zone construction in a targeted manner to avoid following the crowd, prevent homogenization and low-level redundant construction, promote close coordination between the upstream and downstream of the data labeling industry chain, and form industrial agglomeration effects. It nurtures a group of leading data labeling companies, unicorns, and gazelle enterprises to strengthen the data labeling industry.

The Shanghai Stock Exchange will launch new medium-term options and quarterly futures, expanding its stock index dividend product line.

CATL: RMB 69.57 cash dividend per 10 shares

Ningde Times announced that the company's 2025 A-share equity distribution plan is as follows: based on the existing total A-share capital of 4.408 billion shares, excluding repurchased shares of 4.376 billion shares, a cash dividend of RMB 69.57 will be distributed to all shareholders for every 10 shares held. The equity registration date is April 21, 2026, with the ex-dividend date and cash dividend payment date set for April 22. The total amount of this dividend is approximately RMB 30.445 billion. There will be no capital reserve fund converted into share capital or bonus shares issued.

Alibaba Cloud: Adjusts the service prices for some MU model units on the large model service platform Bai Lian.

Aliyun announcement: In order to continue to ensure the stable supply of underlying hardware, improve the quality of platform operation and maintenance services, and respond to changes in the cost of computing power in the market, we will make moderate adjustments to the service prices of some MU model units. The product affected is the large model service platform "Bailian", with price increases ranging from 2% to 7%.

Market news: The US and Iran have reached a "principled" consensus on extending the ceasefire.

OLED version of iPad Air may be released next year.

According to South Korean media ETNEWS, Apple will launch an OLED version of the iPad Air in the first half of 2027, with industry insiders believing that the release date will be in March or May. This means that in the future, only the standard digital series of the iPad product line will continue to use LCD display panels.

The experimental spacecraft has completed multiple key technology verifications in orbit.

Journalists learned today from the Innovation Academy of Microsatellites of the Chinese Academy of Sciences that on March 30, 2026 at 19:00, China's independently developed light boat test spacecraft was successfully launched into orbit. It has completed the initial flight control test, actively raised to a 600-kilometer orbit to conduct long-term trials, marking a significant breakthrough in China's new generation of low-cost cargo spacecraft technology verification.

Eurozone industrial output in February month-on-month increased by 0.4%, higher than the expected 0.3%, and the previous value was revised from -1.50% to -0.8%. Eurozone industrial output in February year-on-year decreased by 0.6%, slightly better than the expected -1%, and the previous value was revised from -1.20% to -1.10%.

Hong Kong Exchange (00388) Chen Yiting: Extending trading hours is the trend, but may not be suitable for Hong Kong stocks.

HKEX (00388) CEO Charles Li attended the HSBC Global Investment Summit in 2026 and expressed that although extending trading hours is inevitably becoming a trend and is also what investors are currently pursuing, it may not be suitable for the Hong Kong stock market, so careful consideration is necessary.

"Qiushi" magazine publishes an important article by General Secretary Xi Jinping on promoting nationwide reading and constructing a society of literary refinement.

The AI investment boom has triggered an explosion in equipment demand, and ASML Holding NV ADR (ASML.US) has raised its 2026 sales forecast to a maximum of 40 billion euros.

Global spending on artificial intelligence is surging, driving demand for advanced chip manufacturing equipment, ASML announced on Wednesday that it has raised its full-year sales forecast.

Live pig consecutive main contract rose 5% intraday, now reported at 10,860.00 yuan.

The early morning closing of commodities futures.

Silver rose continuously by 5.95%, tin by 3.44%, coke by 3.41%, xylene by 2.95%, butadiene rubber by 2.91%, live pigs by 2.90%, and benzene by 2.74%.

As the US and Iran restart negotiations, Trump says the Iranian conflict is "close to an end".

The U.S. President Trump said in an interview with American media on the 14th that the conflict with Iran is "coming to an end."

HumanX Conference Observation: AI intelligent entities' investments are soaring, UBS claims OpenAI and Anthropic are transforming into enterprise IT budget "devourers".

The autonomous execution of various tedious and complex tasks by AI intelligent agents (AI proxies) is highly likely to be the ultimate trend in AI applications in the next decade. The emergence of AI intelligent agents signifies that artificial intelligence is evolving from an information-assisting tool to a highly intelligent productivity tool.

The trading volume of the Shanghai and Shenzhen stock markets exceeded 1 trillion yuan, an increase of 76.6 billion yuan compared to the same time the previous day.

HK Stock Market Move | The science and technology stocks opened higher across the board, driving the HEX index to open more than 2% higher. The cooling of geopolitical risks is expected to reverse pessimistic expectations.

The technology stocks on the Science and Technology Board all opened higher, driving the Hang Seng Technology Index up more than 2%. As for the constituent stocks, as of the time of writing, JD.com Group-SW (09618) rose 5.98% to HK$122.3, Baidu Group-SW (09888) rose 4.86% to HK$116.5, XPeng Motors-W (09868) rose 4.04% to HK$69.5, and Alibaba-W (09988) rose 4.02% to HK$129.5.

Growth Enterprise Index hits new high since June 19, 2015.

The ChiNext index continued to strengthen, opening higher by over 1%, breaking through the 3576.12 stage high set on July 22, 2021, and reaching a new high since June 19, 2015.

Wall Street begins to block out the noise of the war! AI computing power and data center electricity are taking advantage of the "counterattack trend".

The top traders on Wall Street are currently unconcerned about the negative situation in the Middle East, opting to continue buying stocks; institutional investors are the driving force behind the current stock market recovery.

WTI crude oil fell 4% intraday, now trading at $87.61 per barrel.

The Israel-Lebanon Washington talks lasted for over two hours.

On the 14th local time, according to personnel from the Israeli Embassy in the United States, the talks between Lebanon and Israel in Washington have ended after more than two hours. Representatives from the Israeli and Lebanese governments held direct talks in the US capital of Washington on the 14th. It is reported that Israel and Lebanon have not established diplomatic relations, and this meeting is the "first direct meeting between non-military personnel of the two countries in decades." US Secretary of State Pompeo met with delegations from both Israel and Lebanon at the State Department and attended the meeting held at the State Department. The Israeli and Lebanese delegations were led by Israeli Ambassador to the United States Yehiel Leiter and Lebanese Ambassador to the United States Naada Hamad Muawad. US Ambassador to Lebanon Michele Issa and State Department advisor Michael Niedermayer also participated in the talks.

The confirmation hearing for Powell's nomination as chairman of the Federal Reserve is scheduled for April 21st at 10:00 am.

Spot gold breaks through $4840 per ounce, up 2.11% intraday.

Wang Yi held talks with Russian Foreign Minister Lavrov.

On the 14th, Wang Yi, member of the Political Bureau of the Communist Party of China Central Committee and Minister of Foreign Affairs, held talks with Russian Foreign Minister Lavrov in Beijing. Wang Yi stated that in the face of a complex and changing external environment, under the personal care and strategic guidance of President Xi Jinping and President Putin, the China-Russia relationship "will not be obscured by floating clouds" and cooperation in various fields will remain strong. Both sides should promote the China-Russia strategic cooperation partnership and mutually beneficial cooperation in various fields to a higher level. Lavrov stated that Russia is willing to continue close high-level exchanges with China, deepen practical cooperation, maintain coordination on the multilateral stage, defend national interests, and jointly uphold international system security and stability. The two sides communicated on the preparation for the meeting of the two leaders within the year and exchanged in-depth views on the US-Iran conflict, the Asia-Pacific situation, the crisis in Ukraine, and other issues.

In March, the annual US PPI was 4%, lower than the expected 4.6% and higher than the previous value of 3.40%. The monthly US PPI in March was 0.5%, lower than the expected 1.1% and revised down from the previous value of 0.7% to 0.5%. The annual US core PPI in March was 3.8%, lower than the expected 4.1% and revised down from the previous value of 3.9% to 3.8%. The monthly US core PPI in March was 0.1%, lower than the expected 0.5% and revised down from the previous value of 0.5% to 0.3%.

U.S. Senator SCOTT: It is expected that Washington's nomination will be approved.

Chow Tai Fook: Partial gold product brand usage fee increased to 24 yuan/gram.

Zhou Dasheng announced that in order to comprehensively promote retail transformation, upgrade products, and empower franchise businesses deeply to enhance brand competitiveness, the company has decided to adjust some product brand usage fees. Starting from April 14, 2026, the brand usage fee for gold products priced by gram in Zhou Dasheng's main brand and classic franchise channels will be unified adjusted from 12 yuan/gram to 24 yuan/gram; the brand usage fee for gold products priced by piece will remain unchanged. The company stated that the impact of this adjustment on future performance is uncertain, and the final results will be reported in the regular reports. Investors are advised to pay attention to investment risks.

JPMorgan Chase reported a first-quarter revenue of $49.836 billion, a year-on-year increase of 10%; adjusted earnings per share were $5.94, a year-on-year increase of 17%.

BlackRock's first-quarter revenue was $6.98 billion, compared to the market's general expectation of $6.46 billion.

Southbound funds sold a net of HKD 2.017 billion today.

Regarding the Shanghai-Hong Kong Stock Connect, CNOOC and Diaper Technology received net purchases of 347 million Hong Kong dollars and 31.9286 million Hong Kong dollars respectively; Yingfu Fund ranked first in net selling with an amount of 2.564 billion Hong Kong dollars. As for the Shenzhen-Hong Kong Stock Connect, Bubble Mart and Tencent Holdings received net purchases of 520 million Hong Kong dollars and 185 million Hong Kong dollars respectively; Yingfu Fund ranked first in net selling with an amount of 597 million Hong Kong dollars.

The Shenzhen Stock Exchange will organize a collective performance briefing for private listed companies on the Shenzhen Stock Exchange.

On April 20, the Shenzhen Stock Exchange will organize a collective performance explanation meeting for the listed private companies in Shenzhen under the theme of "Innovating Activation Energy, Composing a New Chapter in the Development of Private Enterprises". Companies such as Yingboer, Jinli Permanent Magnet, Strong Ray Technology, and Boshijie will be invited to participate. At that time, each company will communicate with investors through online and offline channels, analyze their performance, answer investors' questions, listen to opinions and suggestions, and help investors better understand the company. We welcome all investors to continue to pay attention and actively participate. (Shenzhen Stock Exchange)

The largest scientific and intelligent computing cluster in our country has been put into operation.

Today, the largest scientific intelligence computing cluster in our country was put into use at the national supercomputing internet core node located in Zhengzhou. This marks a key breakthrough for our country in the field of computing power infrastructure for artificial intelligence-driven scientific research, and will help our country seize the high ground in the application of artificial intelligence industry.

According to reports, sources said that the US-Iran negotiations will focus on easing tensions and discussing the related steps to reach a broader agreement. Due to the sensitive nature of the discussions, they requested anonymity. It is currently unclear which officials will be involved in the negotiations, and how long the negotiations will last.

Apple's new affordable computer, the MacBook Neo, has achieved early success in the consumer market. The first batch of products is reported to have sold out, leading Apple to urgently add a large number of orders to suppliers Foxconn and Pegatron. The MacBook Neo began global sales on March 11th. It is rumored that the delivery time for this notebook, priced at $599 (starting price in China is 4599 RMB), has been extended to May. Apple has also increased the sales forecast for the MacBook Neo from 7 million units to 10 million units. At the same time, the limited inventory of the A18 Pro chip used in the MacBook Neo has become a key constraint on the production capacity of this notebook.

Early morning futures market closing.

Xylene rose by 4.06%, nickel rose by 2.67%, the European line futures index fell by 2.47%, rapeseed fell by 2.30%, and lithium carbonate rose by 2.30%.

Cheer Holding, Inc. (CHR.US) under its subsidiary Yuelingxi AI has launched a new translation feature + enhanced overall AI assistant capabilities.

On April 14, 2026, Yoojoy Holdings (CHR.US), a leading domestic provider of technology-driven next-generation mobile Internet infrastructure and platform services, announced the official release of Yoolingxi 3.1.0, further enhancing the multi-modal AI ecosystem.

Benson expressed that he believes the recent price increase will not be "embedded in inflation expectations."

"Heilongjiang Province Supports the Development of the Intelligent Robot Industry with Several Policy Measures" was approved after consultation.

On the 13th, the Heilongjiang Provincial Government held a party meeting and executive meeting to review and pass the "Heilongjiang Province's Support for the Development of the Intelligent Robot Industry." The meeting pointed out that the development of the intelligent robot industry is an important measure to form new productive forces and promote high-quality development. It is necessary to seize development opportunities, accelerate the research, development, manufacturing, promotion, and application of intelligent robots, and effectively transform scientific research advantages and industrial advantages into economic advantages and development advantages. It is necessary to solidly promote organized scientific research and the transformation of organized scientific and technological achievements, make good use of the industry-university-research collaborative innovation mechanism, and accelerate the industrialization of key technologies such as intelligent robot core materials and embodied intelligent models. It is necessary to promote industrial agglomeration development, strengthen collaboration and support along the industrial chain, and build and strengthen intelligent robot industrial parks. It is necessary to strengthen innovative application scenarios, focus on creating typical application scenarios in industries such as industrial manufacturing, agricultural services, snow and ice tourism, and smart healthcare, and carry out first launch, first show, and first exhibition activities. It is necessary to strengthen the support of development factors, strengthen the construction of data bases, actively cultivate professional talents, increase financial support, and promote the rapid development of intelligent robot enterprises.

Shenzhen Component Index rose by 1.00% to 14552.011 points; Shanghai Composite Index rose by 0.51% to 4008.857 points; ChiNext Index rose by 1.17% to 3517.214 points.

Pointing the sword at Iran's money bag! The US "close proximity blockade" forces Iran to make concessions. Experts say Trump's "three big bargaining chips" have revealed two moves.

What does blocking the oil export route through the Strait of Hormuz in that region actually mean? What is Trump trying to achieve?

The financing balance of the two markets increased by 16.12 billion yuan compared to the previous day.

As of April 13, the financing balance of the Shanghai Stock Exchange reported 1,323.54 billion yuan, an increase of 7.893 billion yuan from the previous trading day; the financing balance of the Shenzhen Stock Exchange reported 1,279.86 billion yuan, an increase of 8.119 billion yuan from the previous trading day; the total financing balance of the two markets was 2,603.42 billion yuan, an increase of 16.012 billion yuan from the previous trading day.

MSCI Asia Pacific Index rose 1% to 248.86 points.

BlackRock shifts towards super-restricted stocks! Calling for the return of risk preference, tightly grasping the direction of semi-conductors, energy independence, and power infrastructure.

BlackRock's official weekly report explicitly states that the institution has reallocated its position on US stocks, as well as South Korean, Chinese, and Taiwanese stocks, and even the overall emerging market stock allocation back to overweight. Recently, top Wall Street institutions including BlackRock, Goldman Sachs, and Morgan Stanley have become more optimistic on the outlook for the future stock market at the margin.

HK Bull/Bear Outstanding Qty Ratio(55:45) | April 14th

As of April 14, the latest bull-bear street ratio of the Hang Seng Index is 55:45.

According to CNBC, Federal Reserve nominee Powell has submitted the financial disclosure documents required before the Senate confirmation hearing.

The three major US stock indexes closed higher.

US stock market's three major indexes closed higher, with the S&P 500 rising by approximately 1%, the Dow Jones Industrial Average up by 0.59%, and the Nasdaq Composite up by 1.21%. Large-cap tech stocks saw widespread gains, with Oracle rising by over 12%, Intel by over 4%, Microsoft by over 3%, Broadcom by over 2%, Google, Tesla, Micron by over 1%, and Meta, Amazon, Nvidia, Netflix, AMD closing slightly higher. Apple was down slightly.

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European Central Bank board member Villeroy de Galhau: It is too early to focus on April.

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The main stock index in Mexico continued its upward trend, with the gain expanding to over 1%.

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The project led by the US Department of the Treasury to share network security information with financial institutions will terminate this month.

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Chairman of the U.S. Commodity Futures Trading Commission Michael Sellig: We will find you, and you will face full legal sanctions.

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Google is currently up 0.8%.

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