GMT EIGHT - OPPORTUNITIES IN CHINA

Transformer exports are currently booming, but can they remain prosperous for another two to three years? With the upgrade of offshore models, SST has stated that "no one has orders."

Traditional transformers are currently experiencing a "golden window period" of rising both quantity and price for exports. It is predicted in the industry that the high prosperity of traditional transformers for exports can last at least another 2-3 years.

Pakistan's Prime Minister Shahbaz Sharif: We are closer than ever to reaching a peace agreement, and there is a high probability that the agreement will be finalized within the next 24 hours.

Issuance of "Guidelines for Classification and Grading of Financial Information Service Data"

The National Internet Information Office, the People's Bank of China, the China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission, the National Bureau of Statistics, and the State Administration of Foreign Exchange have formulated the "Guidelines for the Classification and Grading of Financial Information Service Data".

New stock news | Meedu once again submits application to the Hong Kong Stock Exchange to develop and provide comprehensive technology-driven marketing, sales, and operational support services.

was established in 2014, dedicated to developing and providing comprehensive technology-driven marketing, sales, and operational support services for Chinese manufacturers or merchants.

New Stock News | Lanna Cheng submits again to the Hong Kong Stock Exchange, dedicated to the discovery, development, and commercialization of radiopharmaceuticals for cancer diagnosis and treatment.

According to the prospectus, Lanna Cheng was founded in 2021 and is now a clinical-stage biotechnology company dedicated to the discovery, development, and commercialization of oncology diagnostic and therapeutic radiopharmaceuticals.

IPO News | Ningbo Sanxing Medical Electric (601567.SH) submits listing application to the Hong Kong Stock Exchange as a provider of smart power distribution equipment and overall solutions.

According to the prospectus, Sanxing Electric is the world's leading provider of intelligent electrical equipment and overall solutions, as well as China's leading specialist medical service group in rehabilitation.

Shandong food packaging machinery manufacturer Kang Beite (KBAT.US) IPO size increased by 67% to raise $28 million.

Kangbet raised the planned issuance size of its upcoming IPO on Friday.

Bank of America sounds the "1994-style" alarm: the Federal Reserve's rapid interest rate hikes hang the "Sword of Damocles" over the US stock market, fearing a structural severe decline.

The Bank of America warns that the situation in the US market in 1994 may indicate an escalation of inflation and market volatility.

The entire market is chasing AI, while "big short" Burry is going against the trend and buying low: Adobe, Alibaba, and four other stocks are favored.

Michael Burry continues to hold shares in Alibaba, Adobe, PayPal, and Veeva.

The key turning point in the US-Iran conflict? Trump is considering a "phased" agreement: first opening the Strait of Hormuz, then gradually lifting sanctions.

The proposed US-Iran agreement depends on a highly risky phased implementation plan.

New Stock News | Leading supply chain company Andes Zhilian's Hong Kong IPO prospectus updated, achieving double high increase in revenue and net profit.

Ande Zhilian updated its prospectus: net profit soared to 449 million in 2025, with a compound annual growth rate of 24.9%.

How strong is the demand for SpaceX (SPCX.US) IPO? Oversubscribed subscriptions, "greenshoe" exemption from commission, and options expected to open next week!

SpaceX IPO demand is hot: 0.67% ultra-low underwriting fee, zero-cost "green shoes", options demand expected to be hot.

HK Bull/Bear Outstanding Qty Ratio(52:48) | June 13th

As of June 13th, the latest bull-bear street goods ratio of the Hang Seng Index is 52:48.

Overnight US stocks | Iranian Foreign Minister says the US-Iran settlement memorandum may be signed in a few days. Three major indexes closed higher. SpaceX's market value rose to $2.1 trillion on its first day of trading.

As of the close, the Dow rose 353.51 points, or 0.70%, to 51,202.26 points; the Nasdaq rose 79.18 points, or 0.31%, to 25,888.84 points; the S&P 500 index rose 37.16 points, or 0.50%, to 7,431.46 points.

Probability of US-Iran agreement being signed rises to 85%? Senior Trump administration official: Both sides have basically reached a consensus on the agreement text.

The months-long conflict between the United States and Iran may be nearing a crucial turning point.

Middle East situation boosts demand for safe-haven assets, dollar long bets hit over one-year high, yen short positions rise to the highest level in 17 years.

With the continued tension in the Middle East and significant fluctuations in international oil prices, funds in the global foreign exchange market are accelerating backflow into the US dollar.

SpaceX (SPCX.US) surged more than 19% on its first day of trading, with Musk becoming the first trillionaire in human history.

As SpaceX officially landed on the NASDAQ on Friday and soared more than 19% on its first day of trading, its market value exceeded 2.2 trillion US dollars, setting a new record for the largest IPO in US capital market history and propelling founder Elon Musk to unprecedented new heights.

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".

Latest

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According to informed sources, the Trump administration decided to ban foreign countries from using Anthropic's most powerful AI model due to communication between Amazon CEO Andy Jassy and Treasury Secretary Benson and other U.S. officials. Jassy informed officials that Amazon researchers successfully induced Anthropic's Fable 5 model to provide restricted information that could be used for cyber attacks through a series of prompts. The White House subsequently held a meeting to discuss response measures and security researchers validated Amazon's claim. Ultimately, the government decided to address the risk by preventing foreign governments, companies, and individuals from accessing the tool, a move approved by President Trump. The government has long believed that Anthropic's new models bring difficult-to-manage security risks. In response, Anthropic stated that it will cut off all user access to Mythos and Fable to ensure compliance.

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Downing Street: The leaders of both countries unanimously believe that it is necessary to restore the freedom of navigation in order to alleviate the impact on the global economy.

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Number 10 Downing Street: Prime Minister Stammer reiterated that the UK is ready to support the implementation of any peace agreement at any time.

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European Council President Costa: Just had a productive discussion with Apple CEO Tim Cook on topics of child online safety, artificial intelligence, and innovation.

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President of the European Council, Costa: Just had a pleasant conversation with Apple CEO Tim Cook on the topics of online child safety, artificial intelligence, and innovation. The EU has implemented comprehensive regulations to ensure that minors have high standards of safety and privacy protection on digital platforms, but we still need to put in more effort. EU leaders and the European Commission are currently studying further measures to optimize the online environment and protect minors, including setting a legal digital age for social media use. The G7 summit in Evian next week will also promote global collaboration to develop solutions for protecting minors in the digital field.

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