GMT EIGHT - OPPORTUNITIES IN CHINA

US Stock Market Move | Copper mining sector generally rose, Taseko Mines (TGB.US) rose by 8%.

On Friday, the copper mining sector saw a general rise, with Taseko Mines (TGB.US) up 8% and Ero Copper (ERO.US) up over 6%.

The largest IPO in US history is born! SpaceX (SPCX.US) lands on Nasdaq with an opening increase of over 11%, speculation of a merger with Tesla, Inc. (TSLA.US) heats up.

Tesla CEO Musk's SpaceX officially landed on the Nasdaq.

US Stock Market Move | Some chip stocks are performing well, with Qualcomm (QCOM.US) rising over 5%.

On Friday, some chip stocks rose, with US companies AMD, Qualcomm, and Intel all gaining over 5%.

US Stock Market Move | Most concept stocks in the field of optical communication are rising, with Coherent (COHR.US) increasing by more than 7%.

Most concept stocks in the field of optical communication are rising.

US Stock Market Move | Lithium mining stocks in general rose, with Lithium Argentina (LAR.US) increasing by 9%.

On Friday, lithium mining stocks rose across the board, with Lithium Argentina (LAR.US) up 9% and Sigma Lithium (SGML.US) up over 8%.

Evening hot spots of A shares | Witness history! The largest IPO in history is coming. How much will the first day fluctuation be?

On June 12, the stock price of SpaceX opened 29% higher than the IPO price on its first day of trading.

The drop in oil prices has boosted consumer confidence in the United States for the first time in four months, slightly easing concerns about future inflation.

With the recent decline in gasoline prices, American consumers have somewhat eased their pessimism about the economic outlook.

US Stock Market Move | SpaceX went public today! Space-related stocks collectively fell, with Virgin Galactic (SPCE.US) dropping by 24%.

SpaceX (SPCX.US) went public today, and space concept stocks collectively fell, with Virgin Galactic (SPCE.US) plummeting by 24%.

US Stock Market Move | Storage concept stocks collectively rise, with SanDisk (SNDK.US) stock price reaching a historic high, just one step away from the $2000 mark.

Sandisk's stock price reached a historic high of $1996.77, just a step away from the $2000 mark.

SpaceX landed on the Nasdaq with an opening price of 174 dollars, its issue price was 135 dollars per share.

The SpaceX IPO is expected to attract over $350 billion in total demand.

SharonAI (SHAZ.US) signs a six-year computing power collaboration agreement with NVIDIA Corporation to advance the expansion of AI data centers in Australia.

SharonAI Holdings (SHAZ.US) announced that it has signed a six-year artificial intelligence infrastructure computing power cooperation agreement with NVIDIA (NVDA.US).

The Iranian media publishes a draft memorandum of understanding between Iran and the United States.

The Iranian Mehr News Agency publicly released a draft of a 14-point memorandum of understanding allegedly between Iran and the United States on the 12th, which has not yet been officially confirmed by Iranian or American authorities.

The Dow Jones rose 0.59% at the opening, the Nasdaq fell 0.1%, and the S&P 500 rose 0.22%. Leading tech stocks including AMD rose 2.3%, Google-A rose 1.36%, and Meta Platforms rose 0.8%. The Nasdaq Golden Dragon Index rose 1.21%, with NIO up 5.52% and JD.com up 2.28%.

Has Bitcoin hit bottom? Standard Chartered's answer is yes! Galaxy throws cold water: it's only the "real bottom" when it drops to 40,000.

Did Bitcoin hit bottom? Standard Chartered Bank says yes, but Galaxy says no.

Panic and greed intertwined! Massive shake-up in US stocks, tech sector is changing face, is the "buy with eyes closed" strategy failing?

The phase of buying US stocks blindly with eyes closed seems to be over.

A-share Announcement Highlights | Murray Shares (688802.SH): Intends to issue H shares and list on the Main Board of the Hong Kong Stock Exchange

Muxi Corporation announced plans to issue H shares and list on the main board of the Hong Kong Stock Exchange.

SEC delays the simultaneous listing of leveraged ETFs and SpaceX IPO to prevent excessive volatility on the first day of trading.

As SpaceX landed on the Nasdaq with a record-breaking scale of $75 billion, a group of asset management companies eager to launch leveraged exchange-traded funds (ETFs) simultaneously were put on hold by regulatory authorities.

Hong Kong Stock Exchange: The number of trading contracts for stock options introduced every week has exceeded 65 million so far.

The Hong Kong Stock Exchange announced that the number of traded stock option contracts has exceeded 65 million since their weekly launch, and they expect the number to continue increasing after more products are launched in June 2026.

New Stock News | Ingenic Semiconductor (300223.SZ), XREAL and others are planning to list in Hong Kong and have received acceptance materials from the China Securities Regulatory Commission.

On June 12, the China Securities Regulatory Commission released the "List of Domestic Enterprises Issuing Securities Overseas and Applying for Listing (Initial Public Offerings and Full Circulation) (As of June 12, 2026)".

New stock news: Huaming Power Equipment (002270.SZ) plans to list on the Hong Kong stock market. The China Securities Regulatory Commission requires additional clarification on the specific implementation of overseas investment, foreign exchange management, and other regulatory procedures involving overseas subsidiaries.

Huaming Equipment (002270.SZ) plans to list on the Hong Kong stock exchange. The China Securities Regulatory Commission requires additional clarification on the specific compliance of overseas investment, foreign exchange management, and other regulatory procedures involving overseas subsidiaries.

New stock news | Zhejiang Hailiang (002203.SZ) plans to IPO in Hong Kong. The China Securities Regulatory Commission requires additional information on the specific implementation of overseas investment and regulatory procedures related to overseas subsidiaries.

On June 12, the China Securities Regulatory Commission announced the "Supplementary Materials Requirements for Overseas Issuance and Listing Filing (June 8, 2026 - June 12, 2026)".

New Stock News | Nuoling Biotech Plans Hong Kong IPO, CSRC Requires Explanation of Compliance of Implemented Equity Incentive Plans

On June 12, the China Securities Regulatory Commission released supplementary materials requirements for overseas issuance and listing applications (from June 8, 2026 to June 12, 2026).

New Stock News | Fujian Wanchen Food Group (300972.SZ) is planning a Hong Kong IPO. The China Securities Regulatory Commission requires additional information on all pending litigation, arbitration cases, and other matters related to the company.

The China Securities Regulatory Commission releases "Requirements for Supplementary Materials for Overseas Issuance and Listing Filings (June 8, 2026 - June 12, 2026)."

Preview of US Stock Market | SpaceX went public! The three major stock index futures all rose. It is rumored that the US and Iran may reach an agreement as early as this weekend.

Before the US stock market opened on Friday, June 12th, futures of the three major US stock indexes rose together.

New Stock News | KeLi Plans to IPO in Hong Kong. The China Securities Regulatory Commission requires supplementary explanations on whether the main domestic operating entity's past equity changes are legal and compliant, and issue conclusive opinions, etc.

On June 12th, the China Securities Regulatory Commission announced the "Supplementary Materials Requirements for Overseas Issuance and Listing Filing (June 8, 2026 - June 12, 2026)".

New stock news: Xiaokuo Group is planning a Hong Kong IPO. The China Securities Regulatory Commission requires an explanation of whether the issuance and listing will continue to meet the requirements for foreign investment access after "full circulation".

On June 12th, the China Securities Regulatory Commission announced the requirements for supplementary materials for overseas issuance and listing registration (June 8, 2026 - June 12, 2026).

New stock news | Delan Minghai plans to go public in Hong Kong. The China Securities Regulatory Commission requires additional information on overseas investments involving overseas subsidiaries.

China Securities Regulatory Commission released the "Supplementary Materials Requirements for Overseas Issuance and Listing Filing (June 8, 2026 - June 12, 2026)".

New stock news | Jiuwu Intelligent plans to go public on the Hong Kong Stock Exchange. The China Securities Regulatory Commission requires additional clarification on whether there are any related relationships among shareholders holding less than 5% of the shares.

China Securities Regulatory Commission issued "Supplementary Materials Requirements for Overseas Issuance and Listing Filing (June 8, 2026 - June 12, 2026)".

New Stock News | ReLink Group Plans Hong Kong IPO, China Securities Regulatory Commission Requires Supplementary Explanation on Progress of State-Owned Shareholders Identifying State-Owned Share Labels.

On June 12, the China Securities Regulatory Commission released the "Supplementary Materials Requirements for Overseas Issuance and Listing Registration (June 8, 2026 - June 12, 2026)".

New Stock News | Brilliance Technology Plans Hong Kong IPO CSRC Requires Explanation of Historical Equity and Pricing Basis for Each Capital Increase and Equity Transfer

On June 12th, the China Securities Regulatory Commission announced supplementary material requirements for overseas issuances and listings (June 8, 2026 - June 12, 2026).

New stock news | Hu Jia Technology plans to go public in Hong Kong. China Securities Regulatory Commission requires additional explanations on the use of funds raised for domestic and foreign investment projects and other matters.

The China Securities Regulatory Commission releases "Supplementary Materials Requirements for Overseas Issuance and Listing Filings (June 8, 2026 - June 12, 2026)".

CFA: Fund managers should conduct long-term assessments of investment managers who hold dual roles for more than 5 years.

China Securities Investment Fund Industry Association released the revised "Guidelines for Fund Managers Concurrently Serving as Investment Managers of Private Equity Asset Management Plans".

SpaceX (SPCX.US) makes record-breaking $75 billion IPO debut: The grey market shows bullish sentiment, but concerns about the small float cannot be ignored. Musk is one step away from having a trillion-dollar net worth.

SpaceX has set a historical fundraising record of $75 billion, making it one of the world's most valuable public companies.

South Korea's $1 trillion pension fund suspends rebalancing, Barclays warns of increased stock and currency volatility.

The decision by the National Pension Service (NPS) of South Korea to suspend investment portfolio rebalancing has intensified volatility in the South Korean stock market and put greater pressure on the South Korean won.

The Hormuz Strait may be about to reopen! It is rumored that the US and Iran are close to reaching an agreement, with the earliest possibility of signing this weekend.

As the G7 summit is about to be held, sources revealed that the United States and Iran are close to signing an interim agreement.

New Stock News | It is rumored that ZHuiMi Technology is considering going public in Hong Kong next year with a planned fundraising of hundreds of millions of U.S. dollars.

The report states that Pursuit Technology is currently collaborating with consultants, and the potential size of the stock issuance could reach several billion dollars. Discussions on this matter are still ongoing, and details such as the issuance size and timing may change.

Insiders say that South Korean company SK Hynix plans to go public in the United States and will choose NASDAQ.

According to two informed sources, South Korean memory chip manufacturer SK Hynix is planning to choose Nasdaq for its proposed US listing, selecting this tech-dominated exchange in order to capitalize on investors' enthusiasm for AI-related stocks. The listing, scheduled to take place as early as August, comes as SK Hynix's stock price has jumped by 230% this year, pushing its market value past $1 trillion in May. The US listing is expected to broaden the company's investor base and enhance its visibility among global investors. The sources reveal that the company ultimately chose Nasdaq over the New York Stock Exchange. As this information has not been made public yet, these sources have requested anonymity.

The central bank is seeking public opinions on the "Regulations on the Management of Large Amount Deposit Certificates."

The People's Bank of China is seeking public opinions on the "Regulations on the Management of Large-denomination Certificates of Deposit".

New stock news | Mu Xi shares (688802.SH): The company plans to make its initial public offering of H shares and apply for listing on the Hong Kong Stock Exchange Main Board.

On June 12, Muxi Corporation (688802.SH) held its 25th board meeting to review and approve the proposals related to the company's initial public offering of H shares and listing on the main board of the Hong Kong Stock Exchange.

The China Securities Investment Association releases the "Guidelines for the Implementation of Sustainable Investment Strategies for Publicly Offered Securities Investment Funds (Trial)"

The Asset Management Association of China issued the Announcement on the Application Guidelines for Sustainable Investment Strategies for Publicly Offered Securities Investment Funds (Trial).

Nasdaq: SpaceX IPO will be eligible for trading starting at 10 AM Eastern Time (22:00 Beijing Time).

Ministry of Transportation: Improve the level of intelligent and green development in shipping, promote the large-scale application of new energy and clean energy vessels.

On June 12, the Ministry of Transport held a party group meeting to listen to a report on the safety production accidents in the transportation sector in May and to review the "Fifteen-Year Plan for the Development of Smart Transportation" and the "Fifteen-Year Plan for the Development of Chang-Zhu Navigation". The meeting emphasized the need to accelerate the construction of modernized shipping systems in the Yangtze and Pearl Rivers, strengthen the construction of mainline channels, optimize and improve the high-level waterway networks in the Yangtze River Delta and Pearl River Delta, promote the integration of water, river, sea, and rail transportation, enhance safety supervision and emergency rescue capabilities, improve the level of smart and green development in shipping, promote the large-scale application of new energy and clean energy ships, create a golden waterway for the whole basin, and provide strong support for serving the country's major strategies.

New Stock News | HG Microchip's Hong Kong IPO and the "full circulation" of domestically unlisted shares have been filed with the China Securities Regulatory Commission.

On June 12, the International Cooperation Department of the China Securities Regulatory Commission issued a notice on the overseas issuance and listing of Beijing HGchip Technologies Co., Ltd. and the filing of the "full circulation" of shares not listed domestically.

New Stock News | Anker Innovations Technology (300866.SZ) Hong Kong IPO Approved by China Securities Regulatory Commission

Anchor Innovation (300866.SZ) Hong Kong IPO approved by China Securities Regulatory Commission.

OpenAI, Google, and Anthropic, the three giants, gathered at the G7 summit. AI governance and capital game are heating up simultaneously.

According to a list released by the French presidential palace, executives from artificial intelligence businesses such as Anthropic PBC, OpenAI, and Google's parent company Alphabet (GOOGL.US) will attend the G7 summit in France next week.

China Securities Investment Fund Association releases "Guidelines for Managing Investment Styles of Publicly Offered Securities Investment Funds"

The China Securities Investment Fund Association issued a public notice on the "Guidelines for Management of Theme Investment Styles of Publicly Offered Securities Investment Funds".

New Stock News | Chaozhou Three-Circle (Group) (300408.SZ) Hong Kong IPO Approved by China Securities Regulatory Commission

On June 12th, the International Cooperation Department of the China Securities Regulatory Commission issued a "Notice on the Overseas Issuance and Listing Filing of Chaozhou Sanhuan (Group) Co., Ltd."

The Asset Management Association of China Releases "Guidelines for Managing Investment Styles of Publicly Offered Securities Investment Funds"

In order to further regulate the management of thematic investment styles of publicly offered securities investment funds and protect the legitimate rights and interests of investors, the China Securities Investment Fund Industry Association drafted the "Guidelines for the Management of Thematic Investment Styles of Publicly Offered Securities Investment Funds". After being reviewed and approved by the Association's board of directors, it is now being issued and will be implemented starting from December 1, 2026. The "Guidelines" consist of six chapters, twenty-seven articles, and one appendix, regulating the basic requirements of thematic investment funds, fund managers' investment style management, and custodian supervision of investment styles.

Northbound funds | Northbound trading net sold 3.942 billion yuan, LABUBU appeared at the World Cup opening ceremony, domestic investors increased their holdings of POP MART (09992) by nearly 400 million Hong Kong dollars.

On June 12, the Hong Kong stock market saw a net selling of 3.942 billion Hong Kong dollars by Northbound investors. Among them, the Shanghai Stock Connect recorded a net selling of 1.543 billion Hong Kong dollars, while the Shenzhen Stock Connect recorded a net selling of 2.4 billion Hong Kong dollars.

Latest

2 m ago

Sandisk's increase has widened to 7%, with the stock price surpassing $2000, approaching a market value of nearly $300 billion.

4 m ago

SpaceX's stock price surged to an intraday high of $169, a 25% increase from its issuance price.

5 m ago

SpaceX IPO investment banking fees exceed 5 billion USD

6 m ago

According to The Wall Street Journal, Goldman Sachs (GS.N) and Morgan Stanley (MS.N) are expected to each receive approximately $100 million in underwriting fees from SpaceX's initial public offering.

7 m ago

Germany's two-year government bond yield fell more than 6 basis points on Friday, while the 10-year French bond yield rose more than 5 basis points this week.

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