GMT EIGHT - OPPORTUNITIES IN CHINA

New Stock News | Simec Pharmaceutical Second Filing to Hong Kong Stock Exchange

According to the disclosure by the Hong Kong Stock Exchange on May 18th, Zhejiang Shimai Pharmaceutical Co., Ltd. (hereinafter referred to as Shimai Pharmaceutical) has submitted a second listing application to the main board of the Hong Kong Stock Exchange, with Huatai International as its exclusive sponsor.

A-share market review | What happened? A-shares staged a "roller coaster" market, with the three major telecommunications operators charging against the market trend.

As of the close, the Shanghai Composite Index fell by 0.09%, the Shenzhen Component Index fell by 0.20%, and the ChiNext Index fell by 0.36%.

Musk expressed that he hopes SpaceX's IPO will launch " as soon as possible".

Samsung 18-day strike countdown! Buyers panic-buying may push up memory prices.

Samsung Electronics union insists that it will proceed with planned strikes starting on May 21 for 18 days. Despite the court issuing a production protection order and the high level of automation in the wafer fab, Daiwa believes that labor-intensive backend packaging is still facing challenges. Due to the overlap of the strike period with the third quarter memory negotiation window, there is fear that it may trigger preemptive stocking by major factories. Previously soft DRAM and NAND spot prices have already stabilized and started to rise.

"NAND severe heat" arrives! Breaking through the limit guides the triggering of Wall Street consensus rebuilding, and Iron Man will become the new main force of AI military equipment.

After Japanese semiconductor manufacturer KXIA gave a performance outlook better than expected, major Wall Street institutions are doubling their target price for the company.

"Strongly support a long-term bullish market for gold! Goldman Sachs raises the global central bank gold purchase forecast, reiterating a year-end gold price target of $5400."

Goldman Sachs said that central banks around the world are expected to increase their gold purchases to help boost gold prices before the end of the year.

British political "earthquake" affects the forex market! Hedge funds go crazy shorting the pound, by-election could be a matter of life and death.

As power struggles within the ruling Labour party in the UK intensify, hedge funds and asset management institutions poured into the pound sterling put options market last week, betting on further depreciation of the pound.

Bond prices plunged, expectations of interest rate hikes increased, but gold did not further decline? The market struggles to balance between inflation and recession.

Due to lack of progress in reopening the Hormuz Strait, escalating concerns over inflation are causing a sharp decline in the bond market, with gold maintaining a downward trend.

ARM (ARM.US) is facing an antitrust investigation in the United States due to its chip licensing practices, causing its stock price to plummet.

Arm (ARM.US) is facing an antitrust investigation in the United States.

Global bond market sell-off intensifies investor wait-and-see sentiment, weak demand for Japan's five-year government bond auction.

Amid rising concerns about inflation exacerbated by high oil prices and triggering a global bond market sell-off, demand for Japan's five-year government bond auction was weak on Monday.

Japanese and South Korean stock markets closed with mixed gains and losses.

Nikkei 225 index fell by 0.97% to 60815.95 points. The South Korean composite index rose by 0.30% to 7515.99 points.

2.75% vs 2.3%! Japanese bond yields crush stock dividends, capital rotation imminent?

Once the volatility in the bond market subsides, funds may flow from the stock market to the bond market.

Falling without stopping! Stalemate in the Hormuz Strait pushes up oil prices; copper prices fall for three consecutive days due to inflation concerns.

Copper prices further extended their decline, as concerns about global inflation prospects continued to deepen, putting pressure on industrial commodities across the board.

The Hong Kong dollar interbank lending rate is developing differently. The one-month interbank lending rate has dropped for three consecutive days to 2.62619%.

On May 18th, the interbank interest rate of the Hong Kong dollar saw individual development, with the one-month interbank interest rate related to mortgages reporting at 2.62619%, a decrease of 1.262 basis points, marking a three-day consecutive decline.

National Railway Administration: From January to April, the national railway completed a cumulative freight volume of 1.727 billion tons, an increase of 2.8% year-on-year.

On May 18th, the National Railway Administration announced that from January to April, the national railways had accumulated a total freight volume of 1.727 billion tons, an increase of 2.8% compared to the same period last year.

Thousand Questions: A "heavyweight new friend" will make an appearance at the Alibaba Cloud Summit on May 20th.

Official WeChat account of Thousand Questions released a pre-announcement stating that a "heavyweight new friend" will be welcomed at the Alibaba Cloud Summit on May 20th. The official keywords given for this new product include: more versatile, more powerful, with depth, with breadth.

Sohu.com Limited Sponsored ADR (SOHU.US) revenue in Q1 2026 was $141 million, a 4% increase year-over-year.

Sohu's revenue in Q1 of 2026 was $1.41 billion, a year-on-year increase of 4%.

''Life and death line'' completely collapsed! Inflation panic sweeps global bond market, risk assets tremble with fear.

The 30-year government bond yield falling below 5% "red line" has brought immense pressure to global risk assets.

Hong Kong stock market midday review: Hang Seng Index fell by 1.35%, Hang Seng Tech Index fell by 2.08%

Midday closing of Hong Kong stocks, the Hang Seng Index fell by 1.35%, and the Hang Seng Tech Index fell by 2.08%. The Hang Seng Stock Connect ETF YuHua fell by 1.42%, and the Hong Kong Stock Connect Technology ETF PengHua fell by 2.05%. In terms of sectors, the communication equipment sector had the highest increase, while the automotive and passenger airline sectors had the highest decline. In terms of individual stocks, Yifei Technology rose by 81.15%, Jinhui Holdings rose by 53.23%, WuYi Vision rose by 29.6%, Shanghai Electric rose by 11.36%, and Zhipu rose by 9.42%; while Ideal Auto-W fell by 14.42%, Zero-Run Auto fell by 10.88%, Tianyue Advanced fell by 10.76%, Bairui Chart-B fell by 9.24%, and Jinhai Medical Technology fell by 9.19%.

A-share noon review | External storm strikes, A-shares experience wide-ranging tremors! The Chinext Index fell by 0.5% in half a day, were you "washed out"?

Today, the A-shares are under tremendous pressure, with all three major indices briefly turning red during trading hours.

Adeeni, the proposer of the "bond vigilante", says that the Federal Reserve should eliminate its loose monetary policy in June, otherwise it will lose control over interest rates.

The Federal Reserve needs to keep up with the bond market, otherwise it will face the risk of losing control over borrowing costs.

E-commerce giant Shein to acquire American clothing retailer Everlane

According to reports, Chinese e-commerce giant Shein is acquiring American clothing retailer Everlane from its main owner, L Catterton.

Highest since 1999! Japan's 30-year government bond yield soaring, leading to a global bond market sell-off frenzy.

Due to escalating inflation concerns, the Japanese bond market is leading the global bond market in decline.

NAND welcomes the hot summer! Funds flock to grab shares, and Kaxia stocks are temporarily suspended in early trading.

On Monday morning, due to a surge in funds, trading of the Japanese storage chip manufacturer Kya was suspended.

"US debt surpasses GDP for the first time in 80 years! The fiscal black hole is getting bigger and bigger, but Washington is "selectively blind""

At the end of the first quarter of this year, the United States crossed a serious threshold - the total amount of federal debt held by the public exceeded its nominal Gross Domestic Product (GDP).

Shanghai Mayor Gong Zheng: Greater effort to empower the development of ten large-scale core industries such as integrated circuits, biomedicine, and artificial intelligence.

At the Shanghai Special Session of the "Start of the 14th Five-Year Plan" press conference, Shanghai Mayor Gong Zheng proposed that, looking towards the "14th Five-Year Plan", it is necessary to deepen the organic connection between reforms such as promoting technological innovation and transforming government functions, continue to advance key breakthroughs in the market-oriented allocation of factors such as cross-border capital flows and international talent introduction, accelerate the exploration of innovative institutional arrangements in bulk commodity trade, high-end shipping services, and other areas, and empower the development of ten billion-dollar level core industries such as integrated circuits, biopharmaceuticals, artificial intelligence. In particular, it is important to make good use of the legislative authorization of Pudong New Area regulations, use the rule of law to better support bold trials, bold moves, and independent reforms in Pudong.

Data center bandwidth "arms race" accelerating! JP Morgan: The compound annual growth rate of data communication will reach 35%, and 1.6T optical modules will see a 200% explosive growth.

The prospects for data communication growth remain strong, with the overall market forecast being revised upwards again. It is expected to grow at a compound annual growth rate of nearly 35% by 2028.

Fu Linghui, spokesperson of the National Bureau of Statistics, chief economist, and director of the Department of National Economic Comprehensive Statistics: It is also important to note that, in the face of fluctuations in the international energy market, China has actively increased energy supply, implemented temporary price controls, increased investment in people's livelihoods, ensured overall stability in domestic production and living standards, and achieved positive results. These circumstances fully demonstrate that China's economy has a strong ability to respond to external risks, continue to maintain a trend of new and better development, and achieve new results in high-quality development. Of course, it must also be acknowledged that there are many uncertainties in the international environment, ongoing geopolitical conflicts, and the contradiction in which domestic supply is strong but demand is weak remains prominent. Some companies are facing operational difficulties, and the foundation for sustained economic stability and improvement still needs to be consolidated.

Hong Kong Investment Promotion Agency: Over 310 enterprises have settled or expanded their businesses in Hong Kong this year, with more than half of them being mainland Chinese enterprises.

As of early May, the department has assisted over 310 companies to establish in Hong Kong or expand their business in Hong Kong, with a total direct investment exceeding HK$26 billion in the first year.

Short-term announcement of new gold futures mechanism, Hong Kong Stock Exchange: studying optimization of gold futures products, details will be announced in due course.

There are reports that a spokesperson from the Hong Kong Stock Exchange responded saying that the Hong Kong Stock Exchange is studying ways to optimize its existing gold futures products, and details will be announced in due course.

Heart-stopping meltdown! South Korea's "AI bull market" faces the ultimate test: KOSPI index plunges, dropping by a staggering 4.7%. The "chip boom" triggers expectations of interest rate hikes.

The South Korean stock market is approaching a pullback, with high yield rates suppressing risk demand.

Stock price plunges 70%! Bio-Rad Laboratories (BIO.US) trapped in a low point, aggressive investor Elliott enters the game.

According to reports, the activist investor Elliott Investment Management has purchased a large number of shares of Bio-Rad Laboratories (BIO.US) and plans to boost the stock performance of this life science instrumentation supplier.

National Energy Administration: A total of 2.947 billion green certificates will be issued nationwide by 2025, including 1.893 billion tradable green certificates.

Recently, the National Energy Administration released the "Development Report on China Green Electricity Certificate (2025)", systematically reviewing the achievements in the construction of the green certificate system, issuance and trading of green certificates, expansion of application scenarios, and promotion of international mutual recognition by 2025 in China.

600,000 "dairy source giants" born: Mengniu (02319) uses 10% of its capacity to tightly grasp 30% of the efficient chassis of Chinese dairy industry.

From the upstream "super ranch" cluster, to the midstream "lighthouse factory" intelligent manufacturing, to the nationwide cold chain fulfillment network covering the downstream, Mengniu has successfully integrated modern animal husbandry and Sanctimonious Dairy, bridging the industry chain's "Ren Du Ermai".

National Bureau of Statistics: From January to April, the national real estate development investment was 2.3969 trillion yuan, a year-on-year decrease of 13.7%.

The National Bureau of Statistics stated in a document that from January to April, the total investment in real estate development in the country was 2.3969 trillion yuan, a year-on-year decrease of 13.7% (calculated using comparable data).

National Bureau of Statistics: The electricity generated by industrial enterprises above the designated size in April was 744 billion kilowatt hours, a year-on-year increase of 2.6%.

On May 18th, data from the National Bureau of Statistics showed that in April, the production of raw coal in large-scale industries (hereinafter referred to as large-scale industries) remained at a high level, with increased growth rates in crude oil and electricity production, and steady growth in natural gas production.

National Bureau of Statistics: From January to April, the national fixed asset investment was 14,129.3 billion yuan, a year-on-year decrease of 1.6%.

In April, the national fixed asset investment (excluding rural households) amounted to 1.41293 trillion yuan, a year-on-year decrease of 1.6%.

National Bureau of Statistics: The total retail sales of consumer goods for January-April were 16.4941 trillion yuan, a year-on-year increase of 1.9%.

On May 18th, the National Bureau of Statistics announced that from January to April, the total retail sales of consumer goods reached 16.4941 trillion yuan, an increase of 1.9% year-on-year.

National Bureau of Statistics: in April, the value added of industrial enterprises above a designated size increased by 4.1% year-on-year.

On May 18, the National Bureau of Statistics released data which showed that from January to April, the value added of industrial enterprises above a designated size increased by 5.6% year-on-year (the growth rate of value added is the actual growth rate after deducting price factors).

"2026 GMTEight Financial Summer Roadshow Conference" event registration is open!

On May 28th, in Qianhai, Shenzhen, more than 40 Hong Kong-listed companies held a concentrated roadshow, engaging in face-to-face communication with institutions and high net worth investors.

National Bureau of Statistics: Consumer prices show a moderate increase, while producer prices are rising at a faster pace.

In April, the national consumer price index rose by 0.9% year-on-year. In terms of categories, the prices of food, tobacco, and dining out increased by 0.2%, clothing prices rose by 1.7%, housing prices fell by 0.2%, household goods and services prices rose by 2.0%, transportation and communication prices rose by 0.3%, education, culture, and entertainment prices rose by 1.1%, medical care prices rose by 1.9%, and other goods and services prices rose by 13.3%. In the prices of food, tobacco, and dining out, the price of pork decreased by 12.2%, grain prices decreased by 0.3%, fresh fruit prices rose by 3.0%, and fresh vegetable prices rose by 5.7%. The core CPI, excluding food and energy prices, rose by 1.2% year-on-year. In April, the national consumer price index rose by 1.2% year-on-year, an increase of 0.2 percentage points from the previous month; it rose by 0.3% month-on-month. From January to April, the national industrial producer price index rose by 0.2% year-on-year. In April, it increased by 2.8% year-on-year, an increase of 2.3 percentage points from the previous month, and rose by 1.7% month-on-month. From January to April, the national industrial producer purchasing price index rose by 0.5% year-on-year. In April, it rose by 3.5% year-on-year, an increase of 2.7 percentage points from the previous month, and rose by 2.1% month-on-month.

Chen Maobo: Hong Kong's economy is on a good path with positive prospects, which will help attract more international long-term capital investment.

He believes that information related to evaluation can provide reference for global investors and the business and financial sector, which will help attract more international long-term capital investment in Hong Kong.

South Korean KOSPI index reverses a decline of over 4.5% and is now rising.

The South Korean KOSPI index has reversed a decline of over 4.5% and is now on the rise.

China Securities Regulatory Commission Vice Chairman Li Chao: to promote further reform of the Beijing Stock Exchange with greater efforts

Li Chao, Vice Chairman of the China Securities Regulatory Commission, stated at the 2026 Beijing Listed Companies High-Quality Development Conference and Investment and Financing M&A Docking Meeting on May 18th that the commission will fully stabilize and enhance the confidence in the capital market, and proposed three measures: providing greater support for the deep integration of technological innovation and industrial innovation, promoting deeper reforms of the Beijing Stock Exchange with greater intensity, and strengthening the foundation for the high-quality development of listed companies with greater efforts.

National Bureau of Statistics Interpretation: In April, the sales price of newly built residential buildings in first-tier cities increased by 0.1% month-on-month.

On May 18, Chief Statistician Wang Zhonghua of the Urban Department of the National Bureau of Statistics interpreted the statistical data on the changes in the selling prices of residential properties in April 2026.

A-shares opening news: A-shares collectively opened lower, with the Shanghai Composite Index falling by 0.37%. The oil and gas sector and other related sectors are showing strength.

On May 18th, the three major A-share indices opened lower, with the Shanghai Composite Index falling by 0.37% and the ChiNext Index falling by 0.87%.

Can U.S. stocks break out this week? The storm of GEO Group Inc rises again, keep a close eye on U.S. bonds and NVIDIA Corporation (NVDA.US) earnings report.

Looking ahead to next week, the 10-year US Treasury yield and NVIDIA's financial report are causing market jitters.

First day of new stock | Wing Fei Technology (06871) first listed on the market with an early trading high of 79.18%, 14,900 times oversubscribed, breaking the historical record of Hong Kong stocks.

Wing Fai Technology Limited (06871) debuted on the stock market, with each share priced at HK$30.5. A total of 24.6 million shares were issued, with a net proceeds of approximately HK$673 million. As of the time of writing, the stock has risen by 79.18% to HK$54.65, with a total turnover of HK$376 million.

Six departments: Intensify efforts to optimize the departure tax refund measures and expand inbound consumption.

On May 18th, the Ministry of Commerce and five other departments issued a notification on enhancing and optimizing the measures for tax refunds upon exiting the country to expand inbound consumption.

Missile production capacity surges reshape American small town: a "multi-year cycle" driven by military rebuilding has begun, benefiting the entire supply chain.

With the escalation of global conflicts driving a surge in missile and rocket production, some smaller manufacturing cities in the United States are quickly transforming into key hubs in the U.S. defense supply chain.

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Benson calls on the G7 and other countries to strengthen sanctions against Iran.

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