GMT EIGHT - OPPORTUNITIES IN CHINA

HK Bull/Bear Outstanding Qty Ratio(73:27) | May 16th

As of May 16, the latest bull-bear ratio of the Hang Seng Index is 73:27.

Domestic flight fuel surcharge to increase starting today

Starting today, the fuel surcharge for domestic flights in mainland China has been increased. The specific standards are as follows: For flights under 800 kilometers, each passenger will be charged 90 yuan; for flights over 800 kilometers, each passenger will be charged 170 yuan. Infants are exempt from the fuel surcharge, while children, revolutionary disabled soldiers, and police officers disabled in the line of duty will only be charged half of the fuel surcharge.

Goldman Sachs remains bullish on gold and reiterates its target price for gold at the end of 2026 to be $5400 per ounce.

Overnight US stocks | The rising yield of US Treasury bonds suppresses risk assets, causing a pullback in the three major indexes. Micron Technology, Inc. (MU.US) fell by 6.62%.

As of the close, the Dow fell 537.35 points, down 1.07%, to 49526.11 points; the Nasdaq fell 410.08 points, down 1.54%, to 26225.14 points; the S&P 500 index fell 92.74 points, down 1.24%, to 7408.50 points.

US inflation "burst" changes market expectations! Federal funds rate futures priced in the possibility of a rate hike within the year for the first time.

In the context of continuous higher-than-expected inflation data in the United States, the financial markets have undergone a significant shift in their expectations for the Federal Reserve's policy path. For the first time, the market is starting to bet that the Fed's next move may be a rate hike rather than a rate cut.

Global bond market sell-off dampening risk assets, US bond yields surpassing 4.5%, tech stocks leading the decline in US stocks.

The global bond market encountered intense selling this week, and began to impact the previously soaring risk asset markets.

The Federal Reserve appointed Powell as interim chairman until Yellen formally sworn in.

The Federal Reserve announced on Friday that it has appointed Powell as the interim chairman of the Federal Reserve Board until his successor Wash is officially sworn in.

Berkshire Hathaway (BRK.A.US, BRK.B.US) reduced its holdings in Chevron Corporation (CVX.US) by approximately $8 billion in the first quarter, bringing its ownership stake down to 4.2%.

Berkshire Hathaway significantly reduced its stake in Chevron in the first quarter of this year.

Standard & Poor's Dow Jones Indices said that Cerebras meets the criteria to be included in the index on Monday.

The Federal Reserve announced on Friday that Jerome Powell has been appointed as interim chairman until his successor, Kevin Wash, is officially sworn in. Powell's term as chairman ends on Friday. The Federal Reserve stated, "This practice during the transition period from old to new chairmen is consistent with past practice."

SEC filings show that Nvidia increased its stake in Coreweave by 94.5%, raising its ownership to 47.2 million shares of Class A common stock.

US stocks close: three major indices all close lower

The Dow fell 1.07%, the S&P 500 fell 1.24%, and the Nasdaq fell 1.55%. Arm Holdings fell 8.48%, Coinbase Global fell 7.85%, Corning fell 7.71%, Ford Motor Co. fell 7.35%, Micron fell 6.60%, and Ciena Technologies fell 6.26%. As for the "Big Tech Seven Sisters": Microsoft rose 3.04%, Apple rose 0.69%, Meta Platforms fell 0.65%, Google fell 0.99%, Amazon fell 1.20%, Nvidia fell 4.40%, and Tesla fell 4.76%.

UnitedHealth Group Incorporated (UNH.US) is accelerating its AI strategy: tracking employees' use of ChatGPT frequency with AI investments reaching $1.5 billion within the year.

United Health is further increasing its investment in artificial intelligence (AI) layout.

Inflation and oil price concerns hit risk assets, bitcoin fell to a two-week low of below $79,000, and all cryptocurrency stocks fell.

Against the backdrop of rising inflation concerns and continuously increasing international oil prices, global risk assets faced selling on Friday, and the cryptocurrency market was also not spared.

Prepare for the "618" big promotion! Apple Inc. (AAPL.US) has lowered the prices of some iPhone 17 models in the Chinese market.

As the "618" shopping festival approaches, Apple has started to lower the prices of some iPhone 17 models in the Chinese market.

Figma (FIG.US) AI's monetization capabilities recognized by Wall Street, financial report far exceeds expectations, stock price rises more than 16% against the market trend.

As of the time of filing, Figma's stock price has risen over 16%, to $23.66.

Inflation concerns fuel interest rate hike panic, causing spot silver to widen its decline to 9%.

Spot silver plummeted by 9.00% intraday, breaking below $76 per ounce.

US Stock Market Move | NVIDIA Corporation (NVDA.US) fell more than 4% as US bond yields surged, causing concerns about the valuation of technology stocks.

On Friday, Nvidia (NVDA.US) fell more than 4%, closing at $225.71.

New Stock News | GreenShine Technology submits application to Hong Kong Stock Exchange, ranked second in the world's lithium-ion battery cutting machine provider.

Green Sheng Technology is one of the leading market participants in the global mid-end intelligent equipment industry for lithium-ion batteries, focusing on the research, development, and manufacturing of stacking technology and equipment for the new energy battery industry.

US Stock Market Move | Gold and silver prices plunged, and the precious metals sector collectively fell.

On Friday, the precious metals sector collectively took a dive, with Coeur Mining (CDE.US) falling over 8%.

Continued brushing since 1998 high! Political instability sparks deficit concerns, with 30-year UK bond yields surging to 5.86%.

The UK 30-year government bond yield rose 20 basis points intraday to 5.86%, hitting its highest level since 1998.

The Nasdaq fell 2.01%, now at 26099.461 points; the Dow Jones fell 0.94%, now at 49590.520 points; the S&P 500 index fell 1.37%, now at 7398.800 points.

Global bond market "crash" spreads! Borrowing costs in the US, Japan, and the UK have all reached multi-year highs, and the market is betting on a rate hike by the Federal Reserve in December.

Rising oil prices trigger investor panic, exacerbating a global bond sell-off.

Saudi Aramco advances "the most ambitious" privatization plan in history: plans to sell $35 billion in assets, Wall Street welcomes "an entry window"

Just days after a consortium led by BlackRock spent $11 billion to lease part of Saudi Aramco's natural gas facilities, Saudi Aramco's executive team launched the most ambitious privatization plan in the company's 93-year history.

New stock news | GreenTech submits application to Hong Kong Stock Exchange

According to the disclosure of the Hong Kong Stock Exchange on May 15, Shenzhen Greencore Technology Co., Ltd. (referred to as Greencore Technology) has submitted its listing application to the Main Board of the Hong Kong Stock Exchange, with NH Investment & Securities Co., Ltd. as its exclusive sponsor.

Nvidia's stock price opened down 3.6%, marking the largest drop since April 30th.

US stock market opening: three major indexes fall together

The Dow fell 0.68%, the S&P 500 fell 0.90%, and the Nasdaq fell 1.42%. Coherent Corp fell 7.44%, Arm Holdings fell 6.11%, McMoran Copper & Gold fell 5.99%, Lumentum Holdings Inc. Common Stock When Issued fell 5.56%, Corning fell 5.52%, and Intel fell 5.45%. Among the "Big Seven": Microsoft rose 1.19%, Apple fell 0.30%, Meta Platforms fell 0.79%, Google fell 1.31%, Amazon fell 1.96%, Tesla fell 2.39%, and Nvidia fell 3.07%.

AI is "devouring" white-collar jobs in Detroit! The three major car companies have already laid off more than 20,000 employees.

With the continuous development of artificial intelligence (AI), it may exacerbate a major trend in American major automobile manufacturers - the elimination of white-collar workers.

The Ministry of Justice releases a notice on the improper exercise of extraterritorial jurisdiction in relation to the EU foreign subsidy investigation.

The Ministry of Justice has issued a notice stating that the practices related to the EU's foreign subsidy investigation constitute improper extraterritorial jurisdiction. In accordance with Article 3 and Article 6 of the People's Republic of China Regulations on Countering Improper Extraterritorial Application of Foreign Legislation, the Ministry of Justice, in conjunction with relevant departments such as the Ministry of Commerce, has investigated and determined that the EU's actions in conducting cross-border investigations against Chinese entities in the investigation of Hikvision using its "foreign subsidy regulations" constitute improper extraterritorial jurisdiction measures. No organization or individual is allowed to enforce or assist in enforcing such improper extraterritorial jurisdiction measures. This announcement will take effect from the date of its announcement.

According to the Hong Kong Stock Exchange documents, Shenzhen Green Shine Technology Co., Ltd. has submitted an application for listing to the Hong Kong Stock Exchange.

US industrial production rose by 0.7% in April, beating the expected 0.3%, with a previous value of -0.5%. US manufacturing output increased by 0.6% in April, surpassing the expected 0.2%, with a previous value of -0.1%. US capacity utilization in April was 76.1%, higher than the expected 75.8%, with a previous value of 75.7%. US manufacturing capacity utilization in April was 75.8%, up from the previous 75.3%.

HKEX welcomes the Hong Kong SAR government's new batch of infrastructure and green bonds issued in Hong Kong.

On May 15, the Hong Kong Stock Exchange announced that it welcomes the Hong Kong SAR Government's new batch of infrastructure and green bonds to be issued in Hong Kong.

"NVIDIA Corporation challenger" Cerebras (CBRS.US) made a strong debut, and Mujie quickly positioned herself.

After the huge success of Cerebras IPO, Mtu purchased a large amount of the company's stocks.

CSRC announces 4 industry standards including "Guidelines for Integrated System Construction of Research and Development and Operation in Securities and Futures Industry".

The CSRC announced 4 industry standards including the "Guidelines for the Construction of Integrated System for Research and Development and Operation in the Securities and Futures Industry", which will be implemented from the date of publication.

Strike risk severely hit Samsung's stock price, top executives rarely visit trade unions to push for resuming negotiations.

Senior management of Samsung Electronics Company visited the leader of the company's largest union on Friday evening in a rare move, attempting to restart the stalled wage negotiations.

CSRC releases 4 industry standards including the "Guidelines for the Construction of Integrated Research and Development Operation System for Securities and Futures Industry"

CSRC Announcement: The "Guidelines for the Integration of Research and Development Operation System in the Securities and Futures Industry", "Data Element Specification Part 1: Securities Companies" and "Data Element Specification Part 6: Publicly Offered Real Estate Investment Trust Business" in the financial industry recommended standards, as well as the "Standardization Guidelines Part 1: Name of the Standard" in the securities and futures industry, will come into effect from the date of publication.

Major reshuffle in the European food delivery industry! Rumors of asset divestment are brewing, causing Delivery Hero's stock price to soar by 40%.

Delivery Hero's stock price skyrocketed by 40% this week, reaching its highest level since last September.

Chairman Wu Qing of the China Securities Regulatory Commission attended the video conference of the Board of the International Organization of Securities Commissions (IOSCO).

Chairman Wu Qing of the China Securities Regulatory Commission attended the meeting of the International Organization of Securities Commissions (IOSCO) on May 12, 2026 via video.

RBC and Bank of America issue warnings: US stocks could be severely impacted as the 10-year Treasury yield surpasses 5% June could be a "window for escaping".

With the market's growing concerns about inflationary pressures boosting expectations of the Federal Reserve tightening monetary policy, US bond yields have risen in response. The US stock market, driven by artificial intelligence (AI) narratives, is facing a critical test.

Director Zheng Zhaejie meets with Boeing Company President and CEO Ottberg.

On the morning of May 15th, Zheng Zhajie, Director of the National Development and Reform Commission, met with Boeing President and CEO Ottoborg at the Commission.

A-share announcement selection | 200 million yuan-bound storage chip giant Biwin Storage Technology (688525.SH) crosses over to optoelectronic interconnection.

Baiwei Storage announced that the company plans to sign a strategic cooperation agreement with Beijing Haiguang Xinzheng Technology Co., Ltd., deepen cooperation in the packaging business of optoelectronic interconnection products, and jointly serve the AI computing power infrastructure scene.

Don't panic! Pan Xing, the founder of Panxing Square, is betting against the trend on Microsoft Corporation (MSFT.US): Technology "deeply embedded" is the lifeblood of enterprises, and market concerns are "unfounded".

Prominent hedge fund Pershing Square founder Bill Ackman announced on Friday that he has established a new position in Microsoft (MSFT.US) and has added it to its core holdings.

New stock news | Shantui Construction Machinery(000680.SZ), Radvance and others plan to launch a Hong Kong IPO, and have submitted materials to the China Securities Regulatory Commission.

On May 15, the China Securities Regulatory Commission released the "List of Domestic Companies' Overseas Issuance of Securities and Listing Filings (Initial Public Offering and Full Circulation) (as of May 15, 2026)."

Global tightening "clock" is ticking faster? Expectations for rate hikes in benchmark central banks Sweden and Norway to advance to within this year.

The survey shows that Sweden will raise interest rates in the fourth quarter of 2026.

The information pre-filling application for the twelfth batch of drug volume procurement has started, involving a total of 76 products and 233 specifications.

On May 15th, the National Drug Joint Procurement Office issued a notice on the pre-filling of information related to national centralized volume procurement of drugs.

Macau: The average rent per square meter of residential units in the first quarter has decreased by 0.4% to 140 Macau Patacas.

According to data from the Statistics and Census Bureau of Macao, the average rent per square meter of usable area for residential units in the first quarter of 2026 decreased by 0.4% compared to the fourth quarter of 2025, reaching 140 Macau Patacas.

New stock news | Borui Biology plans to list on the Hong Kong Stock Exchange. The China Securities Regulatory Commission requires additional explanation of the impact of special shareholder rights arrangements on control rights.

BORUI Biotechnology plans to list on the Hong Kong stock exchange. The China Securities Regulatory Commission has requested additional information on the impact of special shareholder rights arrangements on control rights.

New Stock News | Jinying Jia plans Hong Kong IPO, CSRC requires explanation of the reasonableness of the price at which new shareholders have entered in the past year.

On May 15th, the China Securities Regulatory Commission announced the requirements for supplementary materials for overseas issuance and listing filing disclosure (from May 11th, 2026 to May 15th, 2026).

New stock news | China Medical Technology plans to list on Hong Kong IPO. The China Securities Regulatory Commission requires supplementary disclosure on changes in the business scope of its subsidiary companies, etc.

On May 15th, the China Securities Regulatory Commission announced the requirements for supplementary materials for overseas issuance and listing filing disclosure (May 11, 2026 - May 15, 2026).

The 12th batch of national procurement has begun, with 233 product specifications officially pre-filled, reaching a record-high quantity.

The National Drug Centralized Procurement Office has issued a notice on the pre-filling of information on drugs related to the centralized quantity procurement of drugs organized by the country, marking the official start of the twelfth batch of national organized drug centralized quantity procurement. Enterprises must complete the pre-filling between 14:00 on May 15 and 16:00 on May 21. According to the drug information pre-filling scope announced by the National Drug Centralized Procurement Office, this time involves a total of 76 products and 233 specifications, with the number of products reaching a historical high since the start of national organized drug procurement.

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