GMT EIGHT - Economy&politics -

The Supreme People's Court and the China Securities Regulatory Commission jointly issued the "Guiding Opinions on Strict and Just Law Enforcement Judicial Services to Ensure High-Quality Development of the Capital Market".

CSRC: Quickly introduce a set of policy measures to deepen the reforms of the science and technology innovation board and the Growth Enterprise Market to effectively promote the increase of the scale and proportion of medium and long-term funds entering the market.

AI computing power demand continues to surge! Cisco Systems, Inc. (CSCO.US) "springing back to life" performance outlook exceeds expectations.

U.S. bond yields approaching the critical point of 5%! Market veteran: may require a "debt crisis-style collapse" to force fiscal reform.

The US stock market is accelerating its rise - is the bull market returning or just a flash in the pan?

In April, retail sales growth in the United States slowed down, indicating signs of weak consumer spending.

In April, retail sales in the United States grew weakly, indicating a slight decline in spending.

Confidence returns as the impact of tariffs eases, the global IPO market heats up again.

With the stock market rebounding from the disruption caused by President Trump's tariffs, the global IPO market is heating up again. Many companies that are not directly affected by trade are seeking to complete deals before the summer and geopolitical tensions intensify again.

The Saudi stock market has become a "hot cake", attracting high-frequency trading companies from Wall Street.

Saudi Arabia is stepping up efforts to attract high-frequency trading companies in order to boost trading activity in the largest stock market in the Middle East region.

Four departments: fully support technological innovation, vigorously invest in early stage, small scale, long term and hard technology.

On May 15th, the People's Bank of China, the Ministry of Science and Technology, the China Banking Regulatory Commission, and the China Securities Regulatory Commission jointly held a conference to promote the exchange and advancement of financial technology work.

In the first quarter of Macau, a total of 1348 units of building units and parking spaces completed the stamp duty payment process, a decrease of 1.5% compared to the previous period.

Data from the Statistics and Census Bureau of Macau shows that in the first quarter of this year, a total of 1,348 building units and parking spaces completed the stamp duty payment process for buying and selling, with a total value of 5.33 billion Macau Patacas, respectively, representing a 1.5% and 28.4% decrease compared to the fourth quarter of 2024.

Hong Kong Securities Regulatory Commission: Plans to further enrich the types of products under the "Cross-boundary Wealth Management Connect" mechanism to promote the high-level opening of China's financial market to the outside world.

The People's Bank of China, the Securities and Futures Commission of Hong Kong, and the Hong Kong Monetary Authority plan to further enrich the types of products available through the "Mutual Recognition of Funds" scheme based on a comprehensive review of its operation experience and careful consideration of the opinions and suggestions from domestic and overseas investors.

Hong Kong Securities and Futures Commission: Involved in PASHUN INT'L (00574) false trading, court ruled that relatives and brothers guilty of false trading.

On May 15th, the Hong Kong Securities and Futures Commission announced that earlier charges had been brought against Lam Tai Fung (male) and his brother-in-law Ke Junnian (male) for allegedly conspiring to engage in fraudulent trading of shares of Pacific International Holdings Limited (Pacifica) between April 9, 2017 and March 7, 2018.

The Hong Kong Court of First Instance dismissed the appeal filed by the unlicensed activity offender.

On May 15, the Securities and Futures Commission of Hong Kong announced that Lai Jiayi (female) was convicted of operating without a license in a previous prosecution by the Securities and Futures Commission of Hong Kong, and sentenced to prison. As her appeal was unsuccessful, she must now serve a two-week sentence in prison.

CSRC: Listed companies should raise funds and use them for specific purposes. In principle, the funds should be used for core business operations.

The China Securities Regulatory Commission (CSRC) issued the "Regulations on the Supervision of Fundraising by Listed Companies".

Direct negotiations between Russia and Ukraine restart, the ruble hits a near two-year high against the US dollar.

The Russian currency Ruble has risen to its highest level against the US Dollar in two years.

The weakening US dollar pushes up hedging costs in the foreign exchange market, leading to an unusually sharp increase in currency volatility.

The continued depreciation of the US dollar is pushing up the hedging costs of global currency trading, breaking the market consensus that "hedging costs often fall when the US dollar weakens".

Option traders "switching from defense to offense"! They are making big bets that the rebound in US stocks will continue.

With the easing of trade tensions between China and the US, as well as US inflation data for April coming in below expectations, the market's worst fears have not materialized, prompting options traders to shift their bets towards further gains in the US stock market.

Macao Monetary Authority: The preliminary total amount of foreign exchange reserve assets at the end of April is 229.2 billion Macao patacas.

On May 15, the Monetary Authority of Macao announced that the total amount of foreign exchange reserves assets in the Macao Special Administrative Region by the end of April 2025 was preliminarily estimated at 229.2 billion Macao patacas.

Japan's three largest banks are expected to achieve record high profits this year, but there are concerns about the risks posed by tariffs.

Several of Japan's largest banks are expecting to achieve record profits this year and have announced plans to repurchase shares.

The central bank plans to further enrich the types of products under the "swap through" agreement and extend the term of interest rate swap contracts to 30 years.

On May 15th, the People's Bank of China announced that the Mainland and Hong Kong interest rate swap market connectivity cooperation (hereinafter referred to as "swap connection") was officially launched.

Hong Kong Monetary Authority: Total credit card receivables in the first quarter fell 5.8% quarter-on-quarter to HK$152.8 billion.

On May 15, the Hong Kong Monetary Authority released the results of the credit card loan survey for the first quarter of 2025.

Trump says the United States and Iran are close to reaching a nuclear agreement, and international oil prices responded by falling 3%.

Trump said that the United States may be close to reaching a nuclear agreement with Iran.

Does India want to capitulate? Trump says India has proposed to cancel all tariffs on American goods.

American President Donald Trump stated that currently, India is working to avoid being hit with higher import taxes through negotiations, and the country has proposed canceling tariffs on American goods.

IEA: Global oil demand growth will significantly slow down within the remaining time until 2025.

The International Energy Agency (IEA) said on Thursday that macroeconomic headwinds and record sales of electric vehicles will reduce the global oil demand growth rate to 650,000 barrels per day for the remaining time until 2025.

In March, Hong Kong's overall export volume and import volume increased by 15.8% and 13.5% compared to the same period last year.

On May 15th, the Hong Kong government Census and Statistics Department released the March external merchandise trade volume and price statistics.

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