GMT EIGHT - OPPORTUNITIES IN CHINA

Brent crude fell below $101 per barrel, dropping 8.13% intraday.

SUNSHINE PHARMA(06887): Hong Kong Stock Exchange grants approval for the full circulation of H shares listing.

Dongyang Guangyao (06887) announces that the Stock Exchange has granted listing approval and permission to trade 208 million H shares converted from domestic shares according to the full circulation and conversion of H shares in 2026 on May 5. The conversion and listing will involve a total of 29 participating shareholders of the company, totaling 208 million domestic shares, accounting for approximately 36.14% of the total issued capital of the company on the date of this announcement (including treasury shares).

People's Bank of China: The weighted average interest rate of new commercial residential loans issued nationwide in the first quarter of 2026 is 3.06%.

Northbound funds | Northbound trading saw a net selling of 8.565 billion yuan. Northbound investors sold technology and internet stocks as well as Hong Kong ETFs. Throughout the day, the net selling of Tracker Fund of Hong Kong (02800) exceeded 3.7 billion Hong Kong dollars.

On May 6, the Hong Kong stock market saw a net sell of 8.565 billion Hong Kong dollars by Northbound investors. This included a net sell of 1.361 billion Hong Kong dollars through the Shanghai-Hong Kong Stock Connect and a net sell of 7.204 billion Hong Kong dollars through the Shenzhen-Hong Kong Stock Connect.

Net outflow of funds from the southbound today amounted to HKD 8.565 billion.

Regarding the Shanghai-Hong Kong Stock Connect, China Ocean Oil, and Alibaba-W received net purchases of 533 million Hong Kong dollars and 433 million Hong Kong dollars respectively; Yingfu Fund ranked first in net sales, with an amount of 1.858 billion Hong Kong dollars. As for the Shenzhen-Hong Kong Stock Connect, Huahong Semiconductor and SMIC International received net purchases of 566 million Hong Kong dollars and 413 million Hong Kong dollars respectively; Yingfu Fund ranked first in net sales, with an amount of 1.881 billion Hong Kong dollars.

Brent crude oil fell below $102 per barrel, with an intraday drop of 7.18%.

The AI feast is still continuing, but in the era of heterogeneous computing power, NVIDIA Corporation's "absolute dominance" is fading.

In this round of financial reporting season for US stocks, there have been frequent positive news regarding the artificial intelligence (AI) sector, but investors have not followed the trend to increase their holdings of Nvidia. Instead, they have sold off their stocks in large quantities.

High oil prices ignite broader inflationary pressures? The European Central Bank expects accelerated wage growth in the second half of the year.

The European Central Bank said that wage growth in the Eurozone is expected to accelerate in the second half of this year; the bank is assessing whether the spillover effects of high energy costs require it to raise interest rates.

Imports suspended for five weeks! India faces a shortage in gold supply, leading to increased premiums.

Major Indian banks have been unable to import gold and silver for five consecutive weeks, causing a prolonged disruption and driving up prices domestically in India.

Tax invoice data shows: "May Day" holiday consumption-related industries' sales revenue increased by 14.3% year-on-year.

According to the value-added tax invoice data released by the State Administration of Taxation on May 6, sales revenue in industries related to consumption during the "May Day" holiday increased by 14.3% year-on-year. Among them, in the tourism, entertainment, and cultural services consumption sector, sales revenue from tourism and entertainment services increased by 21.2% year-on-year; in the household services consumption sector, sales revenue from residential family services increased by 14.2% year-on-year, with an increase in consumer health consumption activities, and sales revenue from residential health services increased by 40.1% year-on-year; in the catering and accommodation consumption sector, sales revenue from catering increased by 31.4% year-on-year, while homestay services increased by 13.3% year-on-year; in the commodity consumption sector, comprehensive retail sales revenue increased by 12.4% year-on-year; further unleashing consumer potential.

25% automobile tariffs "the sword is on the string"! US Ambassador to Europe puts pressure: if the European Union does not approve the agreement soon, tariffs will be increased.

The US Ambassador to the EU has stated that if the EU does not quickly approve a long-delayed trade agreement, Washington will "soon" impose a 25% tariff on cars and trucks coming from the EU.

The MSCI Emerging Markets Stock Index rose by 3%.

Brent crude fell 6% intraday, now trading at $103.25 per barrel.

Africa and Latin America's impressive performance temporarily eases the urgent situation in North America, as Diageo plc Sponsored ADR (DEO.US) unexpectedly returns to growth in Q3 sales.

The world's largest liquor manufacturer, Diageo, unexpectedly recorded sales growth in the latest fiscal quarter, with strong expansion in the African and Latin American markets successfully offsetting significant weakness in its largest market, the United States.

Oil prices impact hit US gas stations! Gasoline prices return to $4.50 after four years, getting closer to the "demand destruction line".

Gasoline prices have been on a strong upward trend recently, with U.S. gasoline prices breaking $4.50 per gallon for the first time since July 2022. The ongoing conflict in the Middle East has brought greater pressure to North American drivers.

The total estimated revenue of Hong Kong's restaurants in the first quarter is 28.4 billion Hong Kong dollars, an increase of 1.1% year-on-year.

On May 6, the Hong Kong Census and Statistics Department released the latest temporary figures on restaurant earnings and purchasing volume.

Trump suggests China stop importing Iranian oil, Foreign Ministry: Energy policy suggestions should be directed to the relevant parties

On May 6th, Foreign Ministry spokesperson Lin Jian presided over a regular press conference. A journalist asked a question about recent statements made by President Trump, who said that Chinese leaders deserve respect and that the U.S. has not been challenged by China. He also suggested that China should stop importing crude oil from Iran and should purchase more oil. How does China respond to these comments? Additionally, the U.S. Treasury Secretary recently stated that China should support American actions in the Strait of Hormuz and accused China of obstructing UN resolutions related to the strait. How does China respond to this? Lin Jian stated that regarding the first question, China and the U.S. are maintaining communication regarding President Trump's visit to China, but there is currently no information available to provide. Regarding the situation in Iran, China has already clarified its position multiple times. For specific questions about China's energy policy, it is suggested that you inquire with the relevant authorities. In response to the second question, China's stance on the situation in the Strait of Hormuz is very clear we hope all parties involved act with caution to avoid escalation, resolve disputes through dialogue, and restore peace and stability to the strait as soon as possible. China will continue to make efforts to ease tensions in the strait and will work to ensure the safety of Chinese ships and crew members.

The interim estimate of the total sales value of the Hong Kong retail industry in March was HK$339 billion, an increase of 12.8% year-on-year.

In March 2026, the provisional estimate of the total sales value of the retail industry in Hong Kong was HK$339 billion, an increase of 12.8% compared to the same month in 2025. The provisional estimate for the total sales value of the retail industry in the first quarter increased by 12.1%.

In order to prevent talent drain caused by SpaceX listing, Blue Origin plans to adjust employee incentive mechanisms to stabilize the core team.

Blue Origin has launched a new employee stock plan, aimed at appeasing employee dissatisfaction and making incentive measures more comparable to competitor SpaceX.

Ministry of Transportation: From May 1st to 5th, the total number of cross-regional passenger trips in the whole society was approximately 1.517 billion person-times.

On May 6, the Ministry of Transport announced that from May 1 to May 5, the total number of inter-regional passenger trips in the entire society was 151.7128 million, with an average of 30.34256 million per day, an increase of 3.49% year-on-year.

Chen Baili: The SAR government promotes the diversified development of small and medium-sized enterprises. Both the Market Promotion Fund and the BUD Special Fund provide financial support.

On May 6th, Benjamin Chan, Deputy Director of the Hong Kong Commerce and Economic Development Bureau, responded to questions from lawmaker Shiu Ka-fai during a Legislative Council meeting, stating that the SAR government has always been making concerted efforts to promote the diversified development of small and medium-sized enterprises.

Private credit storm in the eyes of Blue Owl (OWL.US) wants to ride the AI wave StackACR HOLDINGS strengthens to ignite the "AI infrastructure narrative".

Blue Owl data center operator Stack is considering selling its Asian business for $30 billion.

Create a new historical high for the same period: During the "May Day" holiday, the number of people traveling reached 1.517 billion trips.

Data from the Ministry of Transportation shows that during the 2026 "May Day" holiday, the total inter-regional passenger flow across the country reached 1.517 billion, an increase of 3.49% compared to the same period in 2025, setting a new historical high for the same period.

Spot gold broke through $4680 per ounce and rose 2.72% intraday.

WTI crude oil falls below 98 dollars per barrel, dropping 4.21% intraday.

China Association of Automobile Manufacturers: China's automobile exports increased by 6% from February, with an export value of $13.8 billion in March.

In March 2026, China exported 780,000 vehicles and imported 28,000 vehicles, with values of 13.8 billion and 1.17 billion US dollars, respectively.

Brent crude oil fell 3% during the day, now trading at $106.42 per barrel.

Wall Street may face a major change after 55 years! SEC is considering cancelling the quarterly reports of listed companies, Trump's "semi-annual report" idea is moving forward.

The U.S. Securities and Exchange Commission proposed on Tuesday to allow U.S. listed companies to switch from quarterly financial reports to semi-annual reports.

WTI crude oil falls below $99 per barrel, dropping 3.28% intraday.

Spot silver broke through $76 per ounce, rising 4.42% intraday.

New Stock News | Sany Heavy Industry (06031) subsidiary, which produces electric heavy trucks, plans to list in Hong Kong or raise 3.9 billion Hong Kong dollars.

Sany Heavy Industry (06031) is reportedly considering letting its electric heavy-duty truck subsidiary, Hunan Xingbida Wulian Technology Co., Ltd, go public in Hong Kong, with a fundraising target of approximately $500 million (HK$3.9 billion).

Hong Kong Immigration Department: Over 1.01 million mainland Chinese visitors arrived in Hong Kong during the May Day Golden Week.

According to data from Hong Kong Immigration Department, a total of over 5.622 million people entered and exited through various control points in Hong Kong, which is less than the earlier estimate of 6 million. Among them, over 1.011 million mainland Chinese tourists entered, exceeding the Hong Kong government's expectations of 980,000. Meanwhile, over 1.504 million Hong Kong residents exited.

Trump halts the "Freedom Plan", triggering a massive shock in the commodity market. Soybean oil hits a three and a half year high before falling back in response.

Due to the impact of U.S. President Trump's announcement to temporarily suspend the U.S.-led escort operation in the Strait of Hormuz, oil prices have dropped significantly, and soybean oil futures contracts have also fallen from their highest point in three and a half years.

A-share closing review | A-share opened the door to May with a good start! Trading volume surpassed 3 trillion, ranking sixth for the year. However, is there a hidden worry behind the rise in volume and price?

On May 6th, the A-share market rebounded after a shock, with the ChiNext 50 index rising more than 9% at one point, approaching its historical high.

Wang Yi met with Iranian Foreign Minister Araghchi.

On May 6th, Wang Yi, member of the Political Bureau of the Central Committee of the Communist Party of China and Minister of Foreign Affairs, held talks with Iranian Foreign Minister Araghchi in Beijing. Araghchi briefed on the latest developments in the Iran-US negotiations and Iran's next steps, stating that it has been proven that political crises cannot be solved through military means. Iran will resolutely defend national sovereignty and dignity, while continuously seeking consensus and pursuing a comprehensive and permanent solution through peaceful negotiations. It is important to promptly resolve the issue of opening the Strait of Hormuz. Iran highly appreciates and agrees with President Xi Jinping's four-point proposal on maintaining and promoting regional peace and stability, acknowledging that China has always stood on the right side of history and made unremitting efforts to prevent the situation from deteriorating and spilling over. Iran trusts China and looks forward to China's continued positive role in promoting peace and stopping war, as well as supporting the establishment of a new post-war regional architecture that can coordinate development and security.

Fairlead founder: The semiconductor market is showing a parabolic overheating trend, it is suggested to focus on software stocks for a reversal opportunity.

The founder of Fairlead Strategies pointed out that the surge in semiconductor stocks may soon enter a period of reprieve.

State Administration for Market Regulation: Launching a special action to improve the quality and efficiency of anti-monopoly law enforcement to stop the abuse of administrative power to exclude or restrict competition.

The meeting emphasized the need to deepen the construction of a unified national large market, launch special actions to prevent abuse of administrative power, exclusion, and restriction of competition through anti-monopoly law enforcement, comprehensively use standards, price law enforcement, quality supervision, and other means, and deepen the regulation of "internal competition. " Accelerate the construction of a trusted consumer environment, strengthen the resolution of consumer disputes at the source, and enhance consumer rights protection capabilities.

New stock news | Taocar sent the Hong Kong Stock Exchange Main Board's account to a net loss of nearly 2.2 billion yuan in three years.

According to a disclosure on May 6 by the Hong Kong Stock Exchange, Yusheng Holdings Limited has submitted its listing application to the main board of the Hong Kong Stock Exchange, with Citigroup as its exclusive sponsor.

Commodity futures closing

Nickel rose continuously by 3.52%, low-sulfur fuel oil rose continuously by 2.93%, and iron ore rose continuously by 2.84%.

Heading straight for the target of 150? The Japanese yen surged again, reaching the 155 mark. Speculation about intervention is rising once more.

On Wednesday, the Japanese yen rebounded to its highest level in over two months, sparking speculation that Japanese officials may intervene again after supporting the yen on April 30th.

From a global oil inventory crisis to the Permian restarting expansion, the US shale oil is facing its "final supplier moment".

Diamondback Energy Inc. predicts that due to the Iran war causing a surge in oil prices, by the end of this year, drilling companies will add up to 30 rigs in the most productive oil fields in the United States. Since the end of February, the international oil prices have risen by over 50% due to the war between the US and Iran, leading to a rapid decrease in global inventories.

The bottom line of "never selling Bitcoin" is loosening! Strategy (MSTR.US) shifts to actively reducing holdings to improve the company's capital structure.

Strategy co-founder and chairman Michael Saylor said on Tuesday that if selling Bitcoin could improve the company's capital structure or increase the "per share Bitcoin content," they would consider selling Bitcoin.

The aftermath of a data breach has severely impacted growth: Coupang (CPNG.US) encountered its largest quarterly loss in over four years, warning of a slowdown in revenue growth for the whole year.

Coupang is currently experiencing the most severe trust crisis and performance decline since its listing in 2021.

Supply disruption compounded by slow replenishment: European natural gas prices have risen by over 40% in the past two months, with options markets betting that winter gas prices could double to 100 euros.

With the ongoing disruptions in supply caused by the Middle East conflict, some European natural gas traders have started hedging against possible price increases in winter.

Challenging the dominance of the iPhone? OpenAI secretly accelerates the development of "AI intelligent mobile phone", aiming to achieve mass production by 2027 at the earliest.

Renowned analyst Guo Minghao stated that OpenAI appears to be accelerating the development of its first AI smart phone, with the goal of achieving mass production as early as the first half of 2027.

Standard & Poor's expects Hong Kong property prices to rise by 8% to 10% throughout 2026.

Standard & Poor's Global has released a report predicting that Hong Kong property prices will rise by 3% to 5% in the remaining time of the year, driving a full-year increase of 8-10% in property prices. Next year, property prices are expected to remain stable or increase by 3%.

Power chip coupled with AI headwinds: Infineon Technologies AG (IFNNY.US) Q3 revenue guidance exceeds expectations, high growth in full fiscal year performance can be expected.

Thanks to the surge in investment in artificial intelligence (AI) infrastructure, Infineon Technologies (IFNNY.US) is guiding third quarter revenue above market expectations.

The turnover of Shanghai and Shenzhen stock markets exceeded 3 trillion yuan, with a volume of 468.1 billion yuan at this time compared to the previous day.

Hong Kong Environment Bureau: Ensure stable energy supply in Hong Kong and increase transparency in fuel prices.

Xie Zhanhuan stated that the situation in the Middle East affects global fuel supply, with a particularly significant impact on the Asian region. The government's top priority is to ensure stable energy supply in Hong Kong.

New stock news | Taocarcar submits Hong Kong Stock Exchange main board

According to the disclosure by the Hong Kong Stock Exchange on May 6, Yusheng Holdings Limited has submitted its listing application to the Main Board of the Hong Kong Stock Exchange, with Citigroup as its exclusive sponsor.

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6 m ago

Musky Holding: In April, the company sold 7.143 million heads of live pigs, a year-on-year increase of 8.68%; the average selling price of live pigs was 9.45 yuan per kilogram, a year-on-year decrease of 35.54%; the sales revenue of live pigs was 8.503 billion yuan, a year-on-year decrease of 32.49%.

6 m ago

Three people fell into the Wei River in Gaoling District, Xi'an. Two people have been confirmed dead and one person is still being searched for.

7 m ago

Meihu Stock Co., Ltd. (603319.SH) plans to raise no more than 980 million yuan through a private placement.

8 m ago

JouSun Holdings Limited (01458.HK) spent 1.2976 million Hong Kong dollars on May 6th to repurchase 905,000 shares.

9 m ago

The Ministry of Industry and Information Technology publicly solicits opinions on the English version of two mandatory national standards, "Performance requirements and test methods for electronic stability control systems for light vehicles" and "Technical conditions for the safety of special school buses".

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