GMT EIGHT - OPPORTUNITIES IN CHINA

Northbound funds | Northbound trading saw a net selling of 9.712 billion yuan, with Northbound investors continuing to reduce their holdings in semiconductor stocks. They also sold nearly 3.8 billion Hong Kong dollars of Alibaba (09988) shares after its performance announcement.

On May 14th, the Hong Kong stock market saw a net selling of 9.712 billion Hong Kong dollars by northbound investors. Among them, the Shanghai-Hong Kong Stock Connect saw a net selling of 5.636 billion Hong Kong dollars, and the Shenzhen-Hong Kong Stock Connect saw a net selling of 4.077 billion Hong Kong dollars.

Hon Hai's Q1 net profit exceeds expectations: AI server dividends continue to be released, standing at the core circle of the NVIDIA industry chain.

Hon Hai's first quarter profits saw a significant increase due to growth in artificial intelligence sales.

New stock news | "H. pylori nemesis" DNS Pharmaceutical (06872) attracts hot listings.

Danuo Pharmaceuticals (06872) will be offering shares for sale from May 14th to May 19th, 2026.

OpenAI's trillion-dollar IPO faces uncertainty! Ultraman's $2 billion stake exposed, deep into regulatory storm.

OpenAI CEO Sam Altman holds equity worth over $2 billion in several businesses that have business dealings with the artificial intelligence company.

Central Bank: May 15th will carry out 300 billion yuan of reverse repurchase operations.

On May 14th, the People's Bank of China issued the "Open Market Reverse Repurchase Bidding Announcement [2026] No. 10".

People's Bank of China: By the end of April, the broad money supply (M2) balance was 35.304 trillion yuan, a year-on-year increase of 8.6%.

On May 14th, the central bank released the financial statistics report for April 2026.

The UK's first quarter GDP growth rate is at its highest in a year! However, under multiple headwinds, the economic outlook is not optimistic.

The British economy started off strongly in 2026, indicating that businesses and consumers still seem to be resilient in the initial weeks of the outbreak of the Middle East conflict. However, with the ongoing and seemingly endless Middle East conflict, as well as the increasing likelihood of a new prime minister taking office, the UK's economic growth is now facing risks.

The spokesperson of the Ministry of Commerce answered questions from reporters regarding the British government's plan to nationalize the British steel industry.

Spokesperson of the Ministry of Commerce answers questions from reporters on the British government's plan to nationalize the British steel industry.

Huahong Company: Net profit in the first quarter was 140 million yuan, a year-on-year increase of 513.10%.

HuaHong Company announced that its revenue in the first quarter was 4.625 billion yuan, an increase of 18.22% year-on-year; and the net profit was 140 million yuan, an increase of 513.10% year-on-year.

In the first quarter, the overall export volume and import volume of goods in Hong Kong increased by 26.5% and 31.3% respectively compared to the same period last year.

On May 14th, the Hong Kong government's Census and Statistics Department published the statistics on the volume and prices of external merchandise trade for that month.

Hong Kong Monetary Authority: Overseas assets of foreign exchange funds increased by 84.4 billion Hong Kong dollars to 3,655 billion Hong Kong dollars in April.

The Hong Kong Monetary Authority announced that in April, the overseas assets of the foreign exchange fund increased by HK$84.4 billion to HK$3,655 billion.

Starting from May 16th, the fuel surcharge for domestic flights in mainland China will be increased.

Reporters learned on May 14th from airlines such as Air China, China Southern Airlines, and Xiamen Airlines, that the fuel surcharge for domestic flights in mainland China will increase starting from 0:00 on May 16th. The specific standards are as follows: 90 yuan per segment for flights under 800 kilometers, and 170 yuan per segment for flights over 800 kilometers. Infants will be exempt from the fuel surcharge, while children, revolutionary disabled soldiers, and disabled police officers on official duty will only be charged half of the fuel surcharge. For domestic flight tickets sold before May 15th, if changes are made after May 16th, the price difference will not be charged according to the new standard.

Hong Kong Web3 service provider Web3 Labs Global (MDAT.US) plans to price its US IPO at $4-5 per share, intending to raise up to $28 million.

Web3 Labs Global (MDAT.US) submitted an application to the U.S. Securities and Exchange Commission (SEC) on Wednesday, planning to issue 6.3 million shares at a price of $4 to $5 per share, raising up to $28 million.

The storage industry continues to thrive! SK Hynix is closely following Samsung Electronics into the "Trillion Dollar Club."

After just weeks of Samsung Electronics' market value surpassing one trillion U.S. dollars, another South Korean memory chip giant, SK Hynix, is also set to reach a trillion-dollar market value.

FTSE Russell: Semiconductor + AI Dual Drive Korea Stock Market Leads Asia-Pacific

FTSE Russell said that the South Korean stock market recorded a total return of up to 96% in 2025, showing a very impressive performance, and continued its positive momentum in 2026. As of April 15, South Korea is one of the best-performing markets in the Asia-Pacific region, with a return of +48.7%.

The spokesperson of the Ministry of Commerce answers questions from reporters regarding the UK government's plan to nationalize British steel.

A reporter asked: Recently, British media reported that the British government will nationalize the British steel company owned by China's Jingye Group through relevant legislation. What is China's comment on this? We have noticed the relevant reports. The British government has been taking over the British steel company from Chinese enterprises for more than a year. China's position and attitude have always been clear and consistent, that is, regardless of the actions taken by the British government, they should fully consider the huge investment of Chinese enterprises in the British steel industry and the contributions made to the British economy and society. They should respect the wishes of the enterprises and market principles, refrain from abusing administrative coercive measures, actively seek fair and just solutions that both sides can accept with Chinese enterprises. We hope that the British government will follow the principles of fairness, justice, and non-discrimination, think twice before acting, make decisions cautiously, effectively safeguard the legitimate rights and interests of Chinese enterprises, and maintain the hard-won good atmosphere of Sino-British economic and trade relations. China will closely monitor the progress of the event and take strong measures to protect the legitimate rights and interests of Chinese enterprises.

The UK introduces "short-term debt prescription" to lower interest rates, Goldman Sachs pours cold water: limited effectiveness!

Goldman Sachs warns that with the surge in borrowing costs, UK short-dated government bonds are not a "magic bullet" to solve the UK's fiscal predicament.

Hong Kong digital marketing company MediaOn Group (MEON.US) increased its US stock IPO offering size by 51% to $30 million.

The Hong Kong-based digital marketing company MediaOn Group (MEON.US) announced on Wednesday that it has increased the planned issuance size of its upcoming initial public offering (IPO).

Macau establish Macao Management Company to promote the construction of government-led fund system.

The Macau government has officially established a public capital company called "Macau Investment Management Limited Company".

A-share closing review | Index jointly adjusted! Shanghai index fell by 1.52%, banking stocks active against the trend

As of the close, the Shanghai Composite Index fell by 1.52% to 4177.92 points, with a trading volume of 149.81 billion yuan; the Shenzhen Component Index fell by 2.14% to 15745.74 points, with a trading volume of 186.41 billion yuan.

Tencent open-sourced Agent Memory

On May 14th, according to Tencent Cloud, Tencent Cloud officially open-sourced TencentDB Agent Memory, providing short-term memory compression and long-term personalized memory capabilities for Agent long task scenarios. It is reported that long-term memory has been available for free use since last month, and the focus of this open source release is on short-term memory compression.

The central government has allocated 500 million yuan to support the improvement of the capacity and level of campus football characteristic schools.

Recently, the central government continued to allocate 500 million yuan in subsidies to support 41,000 special schools for campus football in the compulsory education stage to carry out football training and competitions. From 2025 to 2026, the central government will allocate a total of 1 billion yuan to support and guide local areas to improve the training and competition capabilities of campus football special schools. Next, the Ministry of Finance will guide local areas to further optimize their expenditure structure, support campus football special schools to carry out football training and competitions in an orderly manner, help select and cultivate football talents, and promote the revitalization and development of football.

The Federal Reserve initiates the "Powell era": a change in leadership but not in the script of inflation. The US bond market is on high alert for the "5% era".

The market doubts whether the incoming Federal Reserve Chairman Kevin Wash has the ability to quell the inflation caused by the oil price surge triggered by the long-standing Middle East conflict.

Tencent Company issues statement: Today at noon, there were rumors spread by some self-media that "AI Yihao is about to resign" and implied that Tencent is related to this rumor, which is completely false. Tencent hereby solemnly refutes this rumor and reserves the right to pursue legal responsibility against those maliciously spreading rumors.

Hong Kong public housing waiting time reduced to 4.7 years, the lowest record in over 8 years.

The comprehensive waiting time for Hong Kong public housing estates will gradually decrease to the target of 4.5 years by the fiscal year 2026/27.

Automated Faucet Manufacturer Dragonfly's Stock Price Soars 16% in a Single Day! Strong Team Up with Alphabet Inc. Class C(GOOGL.US) to Drive the Wave of Physical AI

Collaboration with Google boosts Fanuc's stock price to a record high, and market bets on physical AI are heating up.

OPEC lowers this year's oil demand expectations, but supply shocks are pushing Brent oil closer to $106.

The International Energy Agency has issued a warning of an imminent increase in volatility, while OPEC has lowered its demand expectations for this year, causing oil prices to rise.

Japan's largest oil refining company's first acquisition of overseas refining plant,, for $2.2 billion to acquire Chevron Corporation's Asia-Pacific assets.

Japan's largest oil refiner, Eneos Holdings Inc., is accelerating its expansion into overseas markets. The company recently announced that it will acquire some of Chevron's (CVX.US) refining and retail assets in the Asia-Pacific region for $2.17 billion in cash.

Turn to a tougher hawkish approach! Bank of Japan board member Masu calls for interest rate hikes at the "earliest possible stage" if there are no economic risks

A policy committee member of the Bank of Japan called for a rate hike as soon as possible, stating that there are no signs of economic risk and that the inflation risk triggered by the Iran situation is more sustainable.

"Eagle" sounds non-stop! Kazakhs: High oil prices boost inflation, forcing the European Central Bank to raise interest rates

Kazakhs said on Thursday that if the increase in oil prices leads to higher inflation expectations, the European Central Bank will have to raise borrowing costs.

Falling sales caused a significant impairment in Honda's electrification efforts! Honda (HMC.US) suffers first full-year loss in history, but unexpectedly exceeds profit guidance for the new fiscal year.

Despite previous bets on electric cars at an inopportune time causing significant asset write-downs and the first annual loss, Honda expects operating profit to rebound in the current fiscal year, with profit guidance unexpectedly exceeding market expectations by a large margin.

Hill YING Hua: Promote the development of Hong Kong's silver economy and build an "age-friendly" economic system.

Based on the framework of the five existing categories, we need to tackle the issue from multiple angles, in line with the overall direction of the working group on aging population strategies, to promote the development of the silver economy and build an "aging-friendly" economy. We look forward to the active response of all sectors to the Hong Kong Special Administrative Region government's promotion of the silver economy, and to jointly seize the opportunities in the silver economy, promote the cultivation of high-quality products and service models, and allow the elderly to share in the benefits of development.

JP Morgan Chase (JPM.US) appoints three Global Investment Banking Co-Heads to adjust Global Mergers and Acquisitions leadership.

Financial data shows that J.P. Morgan is still the leader in global investment banking revenue, with revenue of $2.883 billion from investment banking in the first quarter of 2026, an increase of 28.2% year-on-year.

HSBC: Hong Kong property prices are expected to rise by 10% this year and are likely to return to their 2021 peak within this cycle.

He pointed out that new housing inventory continues to decline, and future new residential supply is also significantly reduced due to insufficient land supply in the previous few years. It is predicted that property prices will increase by 10% this year, and are expected to return to the high level of 2021 within this cycle.

The Hong Kong dollar interbank interest rates are generally trending downwards, with a one-month interest rate reported at 2.66%.

On May 14th, the Hong Kong dollar interbank interest rates generally decreased, and the one-month interbank interest rate related to mortgage loans was reported at 2.65518%, a decrease of 4.482 basis points.

Wenyuan Zhixing receives maintain outperform rating and target price raised by Morgan Stanley. Global Robotaxi layout and technological barriers driving business growth.

Wen Yuan Zhi Xing receives Macquarie's outperform rating and target price upgrade.

Hong Kong stock market midday review: Hang Seng Index up 0.34%, Hang Seng Technology Index up 0.3%

Hong Kong stocks closed at noon, with the Hang Seng Index rising 0.34% and the Hang Seng Technology Index increasing by 0.3%. The Hang Seng Stock Connect ETF Yuanyuan rose by 0.44%, while the Hong Kong Stock Connect Technology ETF Penghua fell by 0.21%. In terms of sectors, the forestry and paper products and personal care products sectors saw the highest gains, while the electrical equipment and metals and mining sectors saw the biggest losses. In terms of individual stocks, Tianyue Advanced rose by 17.28%, Jitai Technology-P rose by 13.61%, Naxin Micro rose by 11.13%, Guoen Technology rose by 6.96%, and Jingweitian World rose by 6.93%; Zhaojin Mining fell by 11.54%, Dazhu CNC fell by 11.3%, Datang Power fell by 11.11%, Deshi-B fell by 8.79%, and Kelly's Technology fell by 8.28%.

Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR (TSM.US) predicts that the semiconductor output value will reach $1.5 trillion in 2030, with AI and high-performance computing contributing more than half.

TSMC expects that by 2030, the global semiconductor market size will exceed $1.5 trillion, surpassing the previous forecast of $1 trillion.

A-share market midday report | A-share market sees a volume rebound, with the Shanghai Composite Index falling 1.02% below the 4200-point mark! Investors: Am I witnessing a bear market right after joining the market?

In the morning session, A-shares underwent volatile adjustments, with the ChiNext Index falling more than 2% and experiencing a high volatility of 3% during trading hours.

Production stoppage for 1 hour would result in a loss of 29 million US dollars, which is 12.6 times the size of the automotive industry! The South Korean finance minister issues an urgent warning: the Samsung strike could severely impact the country's economic growth.

Samsung Electronics Union threatens to launch a large-scale strike, and the South Korean Finance Minister warns that this will pose a major risk to the country's economic growth, exports, and market.

The Federal Reserve's October survey has already flashed the inflation warning signal! The risk of raising interest rates is back in view.

According to the Federal Reserve's 2025 annual Survey of Household Economics and Decisionmaking, approximately 90% of respondents stated that they are concerned about rising prices.

Bank of America predicts that the AI infrastructure prosperity will be "stronger and longer"! By 2030, the scale will reach 1.7 trillion, with NVIDIA Corporation (NVDA.US) and AMD (AMD.US) still on the "preferred list".

Bank of America Securities pointed out in its latest research report that spending on AI-related activities will not only not diminish, but will instead become "stronger and more enduring."

Blackstone Digital Infrastructure Trust (BXDC.US) listed on the New York Stock Exchange today: raising $1.75 billion, focusing on AI data centers.

BXDC Infrastructure Trust Company raised $1.75 billion in its initial public offering in the United States.

Hong Kong Commerce and Economic Development Bureau: Hong Kong government continues to promote the development of the "silver industry" to serve the rapidly growing elderly market.

On May 14th, Eddie Ng Hak-kim, the Director of the Hong Kong Trade and Development Bureau, gave an opening speech on promoting the silver economy.

Chasing their Wall Street counterparts, Citigroup's Asia-Pacific prime brokerage team plans to expand by 10%.

Citigroup plans to increase the size of its Asia-Pacific main brokerage business team by about 10% this year. This move is part of the group's overall strategic layout, aiming to attract more hedge fund business resources in the Asia-Pacific region.

US cloud giants are starting a "global debt frenzy"! "AI bubble theory" on the verge of bankruptcy, computing power chain bull market logic being further reinforced.

Google's parent company, Alphabet Inc., recently issued Euro and Canadian dollar bonds, and now has also issued Japanese yen bonds. After the issuance of the yen bonds is completed, the company will raise nearly $60 billion in funds. Bankers say that technology companies will follow Alphabet's example and venture into international markets to seek funding, as they cannot rely solely on the US market to achieve their grand goals, otherwise it will lead to a significant increase in financing costs.

Ministry of Industry and Information Technology: In the first quarter, China's digital industry revenue reached 9.5 trillion yuan, a year-on-year increase of 12.9%.

In the first quarter, the digital industry achieved a revenue of 9.5 trillion yuan, an increase of 12.9% year-on-year, with the growth rate increasing by 3.5 percentage points compared to the same period last year.

Rate hike suspense remains until June! European Central Bank economist: Inflation structurally out of control, market bets on three rate hikes this year.

The Chief Economist of the European Central Bank, Philip Lane, discussed the impact of energy supply shocks on the economy, but did not disclose his views on potential interest rate hikes.

The trading volume of the Shanghai and Shenzhen stock markets exceeded 1 trillion yuan, an increase of 170.3 billion yuan from the same time the previous day.

A-share market express courier | Three major indices opened high and then fell, technology sector continued to be strong. Can the A-share market's record-breaking journey continue?

Inflation data continued to rise but could not stop the buying frenzy of artificial intelligence, with overnight S&P and Nasdaq hitting record highs again, Chinese concept stocks following suit, and the technology giants celebrating wildly.

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Kusen Hall (02273) spent HK$2.9782 million to repurchase 10,340 shares on May 14th.

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Boss Zhipin - W (02076.HK) spent $2.4966 million on May 13 to repurchase 338,100 shares.

51 m ago

Ke Chuan Technology: Stock price abnormal fluctuations indicate multiple investment risks.

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Intel: Starting from the Montreal Grand Prix, the Intel brand logo will appear on the McLaren Formula One race car.

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Huishang Bank (03698.HK) will distribute a final dividend of HK$2.5 for every 10 shares on August 21st.

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