GMT EIGHT - OPPORTUNITIES IN CHINA

State Post Bureau: In May, China's express delivery development index was 472.9, an increase of 3.1% year-on-year.

The State Post Bureau released the May China Express Development Index Report.

Hong Kong stocks closed: Hang Seng Index rose 0.457%, Hang Seng Technology Index rose 1.331%

Wisdom spectrum rose by 34.002%, Huahong Wanhao rose by 10.273%, Lenovo Group rose by 9.579%, JiTu Express-W rose by 7.176%, SMIC rose by 6.909%, Sunny Optical Technology rose by 6.779%, and MINIMAX-W rose by 6.768%.

Lagarde: Inflation "second round effects" force European Central Bank to take action, grateful that US-Iran ceasefire may lift energy alert.

Europe Central Bank President Lagarde stated that high energy prices are spreading to other areas of the economy, and indirect effects on inflation have become apparent in recent times, especially with the risk of "second round effects" such as wage increases emerging. The European Central Bank will have to take action.

New stock news | Qingming Shanghe Garden files to list on the Hong Kong Stock Exchange, ranking fourth among all single themed parks in China.

According to the disclosure by the Hong Kong Stock Exchange on June 15th, Kaifeng Qingming Riverside Landscape Garden Co., Ltd. (referred to as Qingming Riverside Garden) has submitted its application to the Main Board of the Hong Kong Stock Exchange, with CMB International Securities as its exclusive sponsor.

Hong Kong Political System and Mainland Affairs Bureau: Five-year plan to make Hong Kong development more visionary and sustainable, aiming to be launched in the third quarter.

On June 15, the first public consultation of the five-year plan in Hong Kong began. Secretary for Constitutional and Mainland Affairs of Hong Kong, Erick Tsang, met with the media to give an opening speech and answer questions from journalists.

A-share market closing review: Chinese assets collectively surged, with the Shuangchuang Index up more than 5%! The "dual mainline" of A shares is back.

On June 15th, Chinese assets collectively surged. By the close of trading, the Shanghai Composite Index rose by 1.61%, the Shenzhen Component Index rose by 3.79%, the Growth Enterprise Index rose by 5.3%, and the Science and Technology Innovation Board Index rose by 5.12%.

Hong Kong immigration consulting firm Tino Group is set to go public in the US and raise a maximum of $29 million.

Hong Kong immigration consulting service provider Tino Group has submitted an application to the U.S. SEC, intending to raise up to $29 million through an IPO.

Under the ceasefire agreement between the US and Iran, oil prices plummeted, but the energy trade through the Strait of Hormuz cannot easily be "reset to pre-war levels" by a single key.

The United States and Iran have reached a temporary agreement that will reopen the Strait of Hormuz, gradually restoring the transport of oil and natural gas. Oil and stock markets have reacted warmly to this news. However, analysts warn that rebuilding the confidence of shippers, insurance companies, and refiners will take longer and the energy trade levels through the Strait of Hormuz will not immediately return to pre-war levels.

Xu Zhengyu: Hong Kong continues to deepen professional services to empower mainland enterprises to go global and build an international financing platform.

On June 15, Hong Kong Financial Secretary and Treasury Bureau Chief Christopher Hui met with the media at the "Hong Kong Financial Industry Helps Mainland Enterprises to Sail Overseas" luncheon.

New stock news | Qingming Shanghe Garden submits application to Hong Kong Stock Exchange.

According to the disclosure by the Hong Kong Stock Exchange on June 15th, Kaifeng Qingming Shanghe Garden Co., Ltd. (referred to as Qingming Shanghe Garden) has submitted an application to the Main Board of the Hong Kong Stock Exchange, with China Merchants Securities International as its exclusive sponsor.

National Energy Administration: Implementing the deployment of energy green, low-carbon transformation and starting high-quality pilot projects for geothermal energy.

Encourage the large-scale development and utilization of deep geothermal energy, and greatly increase its proportion in urban heating. Innovate and promote underground heat exchange technology that does not require water extraction, simplify the pre-approval process, and accelerate project implementation.

AFP: The US and Iran will hold preliminary talks in Doha and then sign relevant agreements.

US-Iran Agreement Battles Oil Prices, Analyst: Time Needed for Hormuz Navigation and Oil Production Recovery

Analysts warn that it may take several months for the oil market to return to normal.

Closing of commodity futures

Fuel oil fell continuously by 8.37%, methanol fell continuously by 8.37%, silver rose continuously by 7.70%, low sulfur fuel oil fell continuously by 6.80%, and Shanghai crude oil fell continuously by 6.70%.

"Stagflation" clouds the Bank of England: no suspense, internal hawk-dove signals are key in standing still on Thursday

After the European Central Bank raised interest rates, the Bank of England is expected to keep its interest rates unchanged this week.

Not just the CPU! Citibank upgraded AMD's rating to "buy" and praised the formal rise of GPU as the second growth pole.

We now believe that AMD is becoming a truly reliable second choice in the GPU market and is expected to win the majority of market share at Meta, Citigroup wrote.

Notice from the Comprehensive Department of the National Energy Administration on Organizing Pilot Projects for High-Quality Development and Utilization of Geothermal Energy

In order to deeply implement the spirit of the 19th National Congress and all the subsequent plenary sessions, conscientiously implement the decisions of the Fourth Plenary Session of the 19th Central Committee, implement the decisions on carbon peak and neutrality, and the transformation of energy towards green and low-carbon by the Party Central Committee and the State Council, break through the policy barriers in the development and utilization of geothermal energy, explore reform paths, promote the high-quality development of geothermal energy, and organize pilot projects for high-quality development and utilization of geothermal energy, in order to promote the improvement and efficiency of geothermal energy development and utilization nationwide. The relevant matters are hereby notified. During the "14th Five-Year Plan" period, through the pilot construction of high-quality development and utilization of geothermal energy, a relatively complete regional management and policy system for geothermal energy development and utilization has been formed, a number of large-scale geothermal energy development and utilization projects with advanced technology, standardized management, and significant benefits have been built, and a typical technical route and operation mode for shallow, medium and deep geothermal energy development and utilization that can be replicated and promoted has been formed.

Farewell to interest rate cut fantasy: The Fed may "show its hawkish claws" this week, knocking on the door of rate hikes again.

The Federal Reserve will welcome the June FOMC meeting this week, and this decision may be a key turning point. The Federal Reserve may remove the "dovish bias" from its policy statement, making it clear that rate cuts are no longer the policy path.

Global banks competing for Chief AI Officer! Position in high demand but hidden "disappearance risk" lurks behind the boom.

Major banks are competing to fill a senior position that barely existed a year ago - Chief Artificial Intelligence Officer. However, those in this position suggest that the role itself may not exist in the long term.

Xu Zhengyu: Deepen cooperation between the mainland and Hong Kong financial industries, providing comprehensive support for mainland companies to expand into global markets.

Hong Kong will always adhere to the original intention of "serving the country's needs and utilizing Hong Kong's strengths", and deepen cooperation in financial and professional services between the mainland and Hong Kong with the most open attitude, pragmatic measures, and professional services.

Golf ball tracking platform Game Your Game (GYGY.US) intends to go public on Nasdaq. The platform's revenue over the past 12 months was $60,000.

Game Your Game has submitted a registration application to the U.S. Securities and Exchange Commission and plans to complete a direct listing on the Nasdaq.

JLL: Investment volume in high-end hotels in the Asia-Pacific region increased by 77% compared to 2017 to about 2.1 billion US dollars last year, with the Hong Kong market leading the way.

Jones Lang LaSalle (JLL) pointed out that there has been a significant increase in demand for luxury hotels in the Asia-Pacific region, with transaction volumes expected to increase by 77% to approximately $2.1 billion by 2025 compared to 2017. This is one of the largest annual capital injections since before the pandemic (over $2.4 billion in 2019).

The US-Iran agreement reignites the AI theme, and SoftBank soared 12%, leading the way for Asian technology stocks.

Asian technology stocks have risen significantly.

In response to Hong Kong's "Gold Center" blueprint, Standard Chartered is conducting research on establishing its own gold storage facility.

The Hong Kong government is actively promoting Hong Kong to become an international gold trading center. HSBC Hong Kong's Head of Financial Markets and Strategic Clients in Greater China and North Asia, Tsang Jizhi, stated that in response to government policies and customer demand, HSBC is studying the feasibility of establishing a gold storage facility in Hong Kong and considering different location options.

"Challenging Hong Kong"? Singapore plans to launch a gold clearing system by the end of the year.

On June 15th, Singapore's Deputy Prime Minister and Chairman of the Monetary Authority of Singapore, Heng Swee Keat, announced that the Singapore Exchange will establish an over-the-counter clearing mechanism by the end of 2026, with interbank trading expected to gradually commence from next year.

Hong Kong Stock Exchange's Chan Yi-ting: Accelerate the improvement of index product system and vigorously expand bond and commodity business.

Chen Yiting stated that she is actively promoting the concept of "Chinese multinational enterprises."

National Railway Administration: From January to May, the national railway completed a total of 1.969 billion passengers, an increase of 5.7% year-on-year.

In May, the total number of passengers transported by the national railways reached 1.969 billion, an increase of 5.7% compared to the same period last year; the total passenger turnover reached 6977.39 billion passenger-kilometers, an increase of 4.2% compared to the same period last year.

Hong Kong Dollar interbank interest rates generally rising, with the one-month interbank interest rate reported at 2.75%, marking a consecutive increase for two days.

On June 15th, the Hong Kong dollar interbank rates generally increased, while the one-month interbank rates related to property mortgages rose for the second consecutive day to 2.74857%, an increase of 4.857 basis points.

Hong Kong stocks midday review: Hang Seng Index rose 0.45%, Hang Seng Technology Index rose 0.92%

Hong Kong stocks closed at noon, with the Hang Seng Index up 0.45% and the Hang Seng Tech Index up 0.92%. The Hang Seng Stock Connect ETF rose 0.95%, and the Hong Kong Stock Connect Technology ETF rose 1.49%. In terms of sectors, passenger airlines and semiconductor products and equipment sectors outperformed; energy equipment and services, as well as hotel and resort REIT sectors, suffered losses. In terms of individual stocks, Tech Pro rose 27.99%, China Merchants Energy Shipping rose 18.55%, Gathering Technology rose 17.2%, Jingu Machine Tool China rose 16.49%, and Jiantao Laminated Board rose 15.85%; Kingsway Biotech fell 8.83%, Aluminum Corporation of China fell 8.62%, Yuewen Group fell 6.91%, Yancoal Australia fell 6.76%, and Minglue Technology-W fell 6.61%.

The Sino-Iranian agreement boosts the prospects for metal demand, prompting copper prices to rise.

The agreement between the US and Iran has eased concerns about global economic growth and boosted optimistic sentiment towards metal demand, causing copper prices to rise.

A-share midday report | Chinese asset collective outbreak! Both the innovation and entrepreneurship indexes rose more than 3%, and hard technology such as CPO rose across the board

On the A-share side, the index collectively opened higher. The ChiNext Index and the STAR 50 Index both rose by more than 3.5%, while the Shenzhen Component Index rose by more than 2%.

The US-Iran agreement triggers the market: Crude oil prices collapse by 4%, South Korean stocks skyrocket triggering circuit breakers, and even the expectations of a rate hike by the Federal Reserve have decreased.

President Trump of the United States posted on social media on June 14th, Eastern Time, stating that the agreement between the United States and Iran is "now completed." He "authorized" the Strait of Hormuz to be "freely open" and for the U.S. Navy to immediately lift related blockades.

Goldman Sachs warns: AI boom boosts corporate profitability supporting US stock bull market but future fears of backlash could impact returns for tech giants.

Goldman Sachs warns that the artificial intelligence (AI) investment frenzy is helping S&P 500 companies' profitability reach historic highs, but the massive spending driving this boom could ultimately suppress the investment return rates of tech giants.

The Anthropocene imperative sounds the alarm, Canadian Prime Minister Kearney urges "Don't passively accept"! Excessive reliance on a few large models highlights risks.

Canadian Prime Minister Mark Carney stated that the U.S. export ban has cut off all foreign users' access to the latest artificial intelligence models of Anthropic PBC, highlighting the risks of over-reliance on a few powerful AI tools.

Alibaba is said to have bid around 11.8 billion Hong Kong dollars to acquire PopMart supermarket. Alibaba has not responded yet.

Recently, there have been market rumors that Alibaba plans to offer $1.5 billion to acquire the Chinese fresh food delivery platform Fuzhou Pupu E-commerce Co., Ltd. According to sources, Alibaba's offer is higher than Xinxin Retail's previous offer, which was more than double, and may trigger a bidding war. When asked for confirmation from Alibaba officials, there has been no response as of the time of writing.

Foreign investment honeymoon period comes to an end! Institutions accelerate withdrawal from Japanese government bonds, "BOJ slow hawkish + ultra-easy fiscal policy" triggers confidence crisis.

As the Bank of Japan slows down its tightening policy, global funds are withdrawing from Japanese long-term bonds.

Lai Fong: Adequate market funding, Hong Kong commercial buildings converted into student dormitories on the rise.

Maizi Xing, Executive Director of the Investment Department and Head of Private Clients in Greater China at Lai Fang, pointed out that local and foreign investors have been entering the market one after another recently, indicating ample market liquidity and driving up transaction volumes in the second half of the year.

In response to the frequent food safety issues, the State Administration for Market Regulation summoned Sam's headquarters for a discussion.

In response to the frequent food safety issues found by regulatory authorities and exposed by media in Sam's Club offline stores and online stores for a period of time, the State Administration for Market Regulation recently held accountable the person in charge of Walmart (China) Investment Co., Ltd. (the headquarters of Sam's Club) in accordance with the law.

US-Iran agreement triggers market boom! Risk assets and US bonds both rise, analysts warn that risks still exist.

The peace agreement reached between the United States and Iran has sparked market frenzy.

After storage, South Korea targets power semiconductors.

Recently, the South Korean government officially launched the "Super Innovation Economy Project", planning to invest 500 billion won (approximately 22.3 billion Chinese yuan) of national funds to tackle the next-generation power semiconductor technology.

Survey: 60% of Hong Kong's innovation and technology industry view the overall outlook optimistically or very optimistically.

The Hong Kong Computer Society announced the "Hong Kong Creative Technology Industry Trends Survey 2026".

Yen short bets soar to nine-year high! Arbitrage trading ignores intervention and "resurgence"

Although the Bank of Japan is facing pressure to raise interest rates and there is a constant risk of government intervention, speculative funds' bearish sentiment towards the yen has risen to the highest level in nearly nine years.

It is almost certain that the Bank of Japan will raise interest rates this week! The future rate path and reduction of bond purchase program are the focus of the market.

Almost all observers focusing on the Bank of Japan are expected to raise the benchmark interest rate by 25 basis points to 1% at this meeting, the highest level since 1995.

Goldman Sachs: Recommend investors to choose IPO subscriptions based on factors such as large market capitalization and listing in a single market.

Gao Jian suggests closely monitoring the impending lock-up period of around 274 billion US dollars, as lock-up periods typically lead to a moderate decline in stock prices.

The Hong Kong Listed Companies Association responds to market demand by establishing the International Capital Market Affairs Committee.

The Hong Kong Listed Companies Association announced the establishment of the "Hong Kong International Capital Market Affairs Committee" to respond to the market's urgent need for professional support and to support local small and medium-sized listed companies.

North and south fruit merchants selling fresh fruit across mountains and seas. Digital freight platform Yunmanman helps improve efficiency and lock in freshness.

One in the north, one in the south, one in procurement, one in sales, two practitioners rooted in the fresh fruit industry, positioned at different points in China's fresh fruit distribution chain. They rely on digital freight platforms to connect the complete path from fields and orchards to people's dining tables, and witness the iterative upgrade of the domestic fruit distribution industry.

Hong Kong stock COSCO Shipping Energy Transportation Co Ltd has risen more than 20%

On June 15, China COSCO Shipping Energy surged more than 20%, closing at a 20.87% increase at 17.2 Hong Kong dollars, with a turnover of 295 million Hong Kong dollars.

From a $2 trillion market value perspective on SpaceX (SPCX.US): Stripping away emotional bias, seeking definite industrial dividends.

The 109x PS valuation has transformed the statement "SpaceX going public will redefine the value of aerospace companies" from just a slogan into a pricing question that must be addressed positively now.

New stock on its first day | Liuliu Mei (06658) debuts with a 117.99% opening surge in morning trading. The company ranks first in retail sales in China's fruit snack industry.

Dried Plum (06658) debuts on the market, with the announcement showing an IPO price of HK$43.58 per share, issuing a total of 11.4641 million shares with a lot size of 100 shares. The net proceeds from the issuance are approximately HK$440 million. As of the time of writing, the stock has risen by 117.99% to HK$95, with a trading volume of HK$254 million.

Super heavyweight week is coming! SpaceX's listing celebration is still going on, the new chairman of the Federal Reserve welcomes the "first exam", and the US-Iran agreement is expected to be reached.

Looking ahead to the upcoming week, the United States and Iran may be on the verge of reaching an agreement, and the Federal Reserve will announce its interest rate decision.

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Xin Hanxin Materials (301076.SZ): The annual production of 8,000 tons of aromatic ketone and its supporting project three workshops have entered the trial production stage.

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Massive IPOs are emerging one after another, marking the end of the era of "scarcity of supply" in the U.S. stock market.

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Daiwa Securities: If the rise in USD/JPY continues, Japan is highly likely to intervene.

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China Eastern Airlines (600115.SH): Passenger turnover in May decreased by 3.63% year-on-year.

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Sinotrust Securities: First Giving Shougang Group a "Buy" Rating, Bottom Consolidated, Ready to Break Out.

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