GMT EIGHT - OPPORTUNITIES IN CHINA

Shenzhen L&A Design (300949.SZ) 2026 Financial Report: When Cash Flow Growth Meets "Space Intelligence," a Design Enterprise's AI Breakthrough Battle

Behind the financial characteristics of "shrinking scale and improving quality" lies a radical self-revolution of Aoya Corporation.

Northbound funds | Northbound trading recorded a net selling of 3.952 billion, with domestic funds aggressively buying and leading the way in subscribing to shares of China Construction Bank (stock code: 00939). Throughout the day, there were noticeable sell-offs of semiconductor stocks and Hong Kong Stock Exchange traded funds.

On April 29, the Hong Kong stock market saw a net sell-off of 3.952 billion Hong Kong dollars by Northbound investors. Among them, the Shanghai-Hong Kong Stock Connect saw a net buy of 1.201 billion Hong Kong dollars, while the Shenzhen-Hong Kong Stock Connect saw a net sell-off of 5.153 billion Hong Kong dollars.

Central Bank: By the end of the first quarter, the balance of RMB loans of financial institutions was 28.051 trillion yuan, an increase of 5.7% year-on-year.

On April 29, the People's Bank of China released the statistical report on the lending direction of financial institutions in the first quarter of 2026.

China Construction Bank Corporation (00939) announced its first quarter financial results, with a net profit attributable to shareholders of 86.291 billion yuan, representing a year-on-year increase of 3.53%.

Construction Bank (00939) announced its first quarter performance in 2026. Operating income was 2064.15 billion yuan, an increase of 10.98% compared to the same period last year; net interest income was 1534.68 billion yuan, an increase of 8.13% year-on-year. Net profit attributable to the bank's shareholders was 862.91 billion yuan, an increase of 3.53% year-on-year; basic earnings per share were 0.33 yuan. The annualized average asset return rate was 0.75%, and the annualized weighted average net asset return rate was 9.85%.

Xie Zhanhuan elaborates on the blueprint for energy development in Hong Kong, with the goal of achieving a zero carbon electricity generation rate of over 60% by 2035.

In response to the member's question, the Director of the Hong Kong Environmental and Ecological Bureau, Che Zhanhuan, stated that they will gradually increase the use of zero-carbon energy for power generation and reduce dependence on fossil fuels based on four energy policy objectives of safety, reliability, reasonable prices, and environmental performance, by strengthening regional cooperation.

Global food inflation is on the rise! Iran's war and El Nino's double blow, crop prices hit a two-year high.

War and severe weather disruptions have pushed crop prices to a new high since 2023.

State Administration of Foreign Exchange: In March, China's international balance of payments for goods and services trade import and export scale was 4.9876 trillion yuan.

On April 29th, the State Administration of Foreign Exchange announced the data on China's international balance of goods and services trade in March 2026.

Hong Kong Treasury Bureau official Xu Zhengyu: In the future, we will promote the high-quality development of the financial market from four dimensions of promoting reform, expanding infrastructure, increasing capacity, and building connectivity.

Xu Zhengyu stated that in the future, high-quality development of the financial market will be promoted from four dimensions: "promoting reform", "expanding infrastructure", "increasing capacity", and "building connectivity".

Exploration stage rare earth ore merchant Rare Earths Americas (REA.US) IPO price set at 17-19 US dollars per share, aiming to raise 50 million US dollars.

Rare Earths Americas (REA.US) announced its initial public offering terms on Tuesday, planning to issue 2.8 million shares at a price of $17 to $19 per share, raising $50 million.

: UBS CEO throws cold water: financial markets are too optimistic about the prospects of conflict in the Middle East, V-shaped rebound script may not repeat itself

UBS Group CEO Sergio Ermotti warned that there is a risk of excessive optimism in the financial markets regarding the Middle East conflict issue.

It is related to Japan's energy lifeline! Minister Sanae Takaichi confirms: Japanese associated ships successfully crossed the Strait of Hormuz.

A ship with connections to Japan has passed through the Strait of Hormuz.

National Data Resource Survey Report (2025) released: The total annual data production reached 52.26 zettabytes in 2025, a year-on-year increase of 27.28%.

On April 29th, the "National Data Resource Survey Report (2025)" was officially released at the 9th Digital China Construction Summit.

Hong Kong Securities and Futures Commission: Received 222 cases of fraud in the first quarter of 2026, with the most serious cases involving losses exceeding HK$20 million.

The Hong Kong Securities and Futures Commission announced the official launch of its Little Red Book official account, further expanding its online promotional channels to strengthen communication and interaction with the public.

AbbVie (ABBV.US) has submitted an application for FDA approval for the use of upadacitinib in the treatment of alopecia.

On April 28th, AbbVie (ABBV.US) announced that it has submitted a new indication marketing application for Upadacitinib to the US FDA for the treatment of severe alopecia areata (AA) in adults and adolescents aged 12 and older.

Crack down on false advertising, market regulatory authorities carry out special rectification of online food sales.

On April 29th, it was learned from the State Administration for Market Regulation that the Market Supervision Administration has officially issued a notice on conducting a special campaign to crack down on false advertising in online food sales. It has been decided to carry out a six-month special campaign nationwide starting from now. In this special campaign, the market supervision department will coordinate comprehensive coverage of supervision and target governance, fully guaranteeing the safety of online food consumption for the people.

Securities and Futures Commission of Hong Kong: Legal proceedings launched against former senior executives of C AUTO INT DECO (00048) and its subsidiaries.

On April 29, the Hong Kong Securities and Futures Commission launched legal proceedings in the original court against Zhejiang Huace Film & TV Co., Ltd. (00048) and its subsidiary Wanjia Sheng Limited (Wanjia Sheng) former director Huang Haoran (male) and Wanjia Sheng former general manager Su Longying (female).

Total Energy (TTE.US) exceeded Q1 profit expectations! Increase in share buybacks and dividends, trading business shines.

French energy giant Total Energy (TTE.US) released its first quarter financial report on Wednesday, benefiting from soaring oil and gas prices and strong performance in trading activities. The company's profit saw a significant year-on-year increase, and it also announced an increase in stock repurchase program and quarterly dividends.

The net profit of Industrial and Commercial Bank of China in the first quarter was 86.94 billion yuan.

Association of Passenger Car Manufacturers: 1-26 April national passenger car market retail sales of 1,004,000 vehicles

On April 29, according to the data from the China Passenger Car Association, from April 1 to 26, a total of 1.004 million passenger cars were sold in the national market, a decrease of 24% compared to the same period last year, and a decrease of 19% compared to the previous month. In the year to date, a total of 5.226 million passenger cars have been sold, a decrease of 19% compared to the same period last year. From April 1 to 26, a total of 1.268 million passenger cars were wholesaled by manufacturers nationwide, a decrease of 15% compared to the same period last year, and a decrease of 24% compared to the previous month. In the year to date, a total of 7.134 million passenger cars have been wholesaled, a decrease of 8% compared to the same period last year. From April 1 to 26, a total of 614,000 new energy passenger cars were sold in the national market, a decrease of 11% compared to the same period last year, and a decrease of 6% compared to the previous month. In the year to date, a total of 2.523 million new energy passenger cars have been sold, a decrease of 19% compared to the same period last year. From April 1 to 26, a total of 712,000 new energy passenger cars were wholesaled by manufacturers nationwide, a decrease of 11% compared to the same period last year, and a decrease of 13% compared to the previous month. In the year to date, a total of 3.44 million new energy passenger cars have been wholesaled, a decrease of 6% compared to the same period last year.

Chinese Badminton Association President and Vice President of Nanjing Sports Institute, Zhang Jun, is under investigation.

According to the Discipline Inspection and Supervision Team of the Central Commission for Discipline Inspection and the National Supervision Commission stationed at the General Administration of Sport of China, and the Jiangsu Provincial Commission for Discipline Inspection and Supervision, Zhang Jun, Chairman of the Chinese Badminton Association and Vice President of Nanjing Sport Institute, is suspected of serious violations of discipline and laws, and is currently undergoing disciplinary review by the Discipline Inspection and Supervision Team of the Central Commission for Discipline Inspection and the National Supervision Commission stationed at the General Administration of Sport of China, as well as investigation by the Supervision Commission of Nantong City, Jiangsu Province.

Lai Fang "Wealth Report": High net worth individuals are increasingly investing in property and conducting business in multiple locations.

High-net-worth individuals are increasingly investing in and operating businesses at multiple locations, and allocate time to live in different places, thereby driving the growth of corporate aviation activities.

Integrate Tencent Document with WorkBuddy's database.

On April 29th, Tencent Docs announced that it has officially integrated with the WorkBuddy database. According to the introduction, users only need to authorize once on the WorkBuddy PC client or WeChat mini program, and AI can directly read the information in Tencent Docs, without the need to download, upload, or switch between applications frequently. It can automatically complete the entire process from getting information to producing content.

HKEX (00388) achieved record high revenue and profit in the first quarter. Shareholders' net profit was HK$5.188 billion, an increase of 27% compared to the same period last year.

Hong Kong Exchanges and Clearing Limited (00388) released its quarterly performance for the three months ended March 31, 2026. The company achieved a record high in revenue, other income, and profit in the first quarter of 2026.

New Stock News| Good Doctor's Cloud Healthcare Ventures into Hong Kong Stock Market: Three Core Businesses Support Revenue Growth, AI System Accelerates Implementation.

Recently, Haoyisheng Yun Medical submitted its application materials for listing on the Hong Kong Stock Exchange.

The Hong Kong Stock Exchange's revenue and other income in the first quarter was HK$8.2 billion, estimated at HK$7.6 billion; net profit in the first quarter was HK$5.19 billion, estimated at HK$4.6 billion; EBITDA in the first quarter was HK$6.59 billion, estimated at HK$5.8 billion.

Hong Kong Stock Market Midday Report: Hang Seng Index up 1.23%, Hang Seng Tech Index up 1.07%

Hong Kong stocks closed at midday, with the Hang Seng Index up 1.23% and the Hang Seng Technology Index up 1.07%. The Hang Seng Connect ETF of Yinhe rose 1.2%, while the Hong Kong Technology ETF of Penghua rose 0.76%. In terms of sectors, multi-category retail and construction materials sectors performed well, while biotechnology and construction products sectors saw declines. In terms of individual stocks, Shangmi Technology-W rose 277.31%, Longpan Technology rose 17.84%, Cambridge Technology rose 14.03%, Zhongchuang Innovation Aviation rose 12.55%, and Ruipulan Jun rose 11.77%; Taige Medicine fell 7.73%, Tianxuezhixin fell 7.5%, Qunhe Technology fell 6.56%, Wan Zhou International fell 6.43%, and Baoji Pharmaceutical-B fell 6.39%.

A-share noon review | The three major indexes opened low and rose high, with the ChiNext Index rising more than 2% in the first half of the day! The "litmus test" effect of performance is highlighted.

In the morning session, the three major A-share indexes opened lower and rose collectively. "Ning Wang," "Yi Zhongtian" and other institutional stock groupings strong pulled up, driving the ChiNext Index to rise sharply.

AI market spreads from chips to MLCC and substrates: Asian supply chain welcomes revaluation of value, Citi and Bank of America call for price increase tide.

Investors are increasingly paying attention to the artificial intelligence supply chain ecosystem, focusing not only on chip manufacturers, but also on companies producing multilayer ceramic capacitors, advanced chip substrates, and components such as thermal compression bonding.

New Stock News | China's largest candy company, Amos, submitted its application to the Hong Kong Stock Exchange with a three-year compound annual growth rate of over 109%.

According to the disclosure by the Hong Kong Stock Exchange on April 28th, Aymes Food Group Limited (referred to as Aymes) has submitted its listing application to the main board of the Hong Kong Stock Exchange. Bank of America Securities, CMB International Securities, and J.P. Morgan are joint sponsors for the company.

The expenditure of power generation equipment in US data centers may reach $65 billion by 2030, as AI computing infrastructure continues to fuel the electricity equipment market.

By 2030, the United States' spending on power supplies in data centers could reach $65 billion, a significant increase of $26 billion from last year.

"HDD Renaissance" sweeping the globe! Seagate (STX.US) strong performance driving the storage sector to skyrocket. Capacity nearly sold out by 2027.

In the era of AI, HDD has not been eliminated. The AI infrastructure frenzy has made data centers re-need massive, low-cost, long-term storage capacity; the so-called "HDD Renaissance moment" is by no means a mere rhetorical flourish, but refers to HDD, traditionally marginalized hardware in the long term, re-emerging as the core asset of massive capacity foundation in AI data centers.

New stock news | Yisilay reportedly confidentially submitted its application, expecting to be listed in Hong Kong as soon as this year, with a maximum fundraising amount of 7.8 billion Hong Kong dollars.

Hong Kong China Gas (00003) incubated and serving as a strategic shareholder of EcoCeres, was rumored to be abandoning the UK for a listing in Hong Kong at the end of last year. The latest news indicates that EcoCeres will submit a listing application to the Hong Kong Stock Exchange in a confidential manner, with a fundraising scale of approximately 800 million to 1 billion US dollars (approximately 6.24 billion to 7.8 billion Hong Kong dollars), and is expected to be listed as soon as within this year. It is reported that Deutsche Bank, HSBC, Morgan Stanley, and UBS will be responsible for advancing EcoCeres' listing plan.

Under the guise of charity, they commit actual theft! Musk accuses OpenAI in court, directly pointing to the Ultraman team's "appropriation of charitable assets".

On Tuesday, Elon Musk appeared in court to testify, suing OpenAI and its two co-founders. He pointed out that the behavior of this AI company transitioning from a non-profit charitable organization to a for-profit commercial entity was inappropriate, and it set a bad precedent for the operation of various charitable organizations, causing widespread concern.

Commodity futures morning session closing

Butadiene rubber rose 2.19% continuously, silicon iron rose 2.09% continuously, industrial silicon rose 1.63% continuously, fiberboard fell 1.57% continuously, and liquefied petroleum gas rose 1.49% continuously.

Clinical trial subject death triggers safety concerns: Cancer drug developer Erasca's stock price slashed in half, plunging 48% in a single day.

Erasca (ERAS.US) stock price plummeted 48% on Tuesday after the cancer drug developer announced that a patient died after exiting a clinical trial.

The Shenzhen Component Index rose by 1.00% to close at 14979.442 points; the Shanghai Composite Index rose by 0.17% to close at 4085.508 points; the ChiNext Index rose by 1.29% to close at 3643.243 points.

UAE "abandoning" OPEC: 60-year alliance split, Saudi Arabia's struggle to support alone, global oil prices experiencing increased long-term uncertainty.

As the third largest oil-producing country in OPEC, the UAE's withdrawal not only exposed its long-standing conflicts with Saudi Arabia, but also dealt a heavy blow to the organization's market influence, potentially reshaping the global oil market landscape and bringing long-term uncertainty to oil prices.

The ChiNext Index rose by 1.01% to 3632.904 points; the Shanghai Composite Index rose by 0.10% to 4082.567 points; and the Shenzhen Component Index rose by 0.78% to 14946.144 points.

Exponential growth By 2025, China's word calling volume is expected to reach approximately 2.11 trillion.

Data, known as the "raw material" for the development of artificial intelligence. Today, the "National Data Resources Survey Report" was released at the 9th Digital China Construction Summit, showing that China's data resources are empowering the innovation and development of artificial intelligence with greater strength. "Word element" is the smallest information unit obtained by breaking down data for efficient processing by large artificial intelligence models. By 2025, the daily average number of word element calls in the country will increase from over trillions at the beginning of the year to 100 trillion at the end of the year, showing exponential growth; the total number of word element calls in the whole year will reach approximately 21,100 trillion.

Brent crude oil fell 1% intra-day and is now trading at $103.33 per barrel.

The interest rate decision is more nervous for the market! The transfer of power in the Federal Reserve is in the final countdown, and the biggest suspense is whether Powell will stay or go.

The uncertainty of the economic outlook and the leadership changes at the Federal Reserve have cast a shadow over this week's Fed interest rate meeting. It is expected that the Fed will keep rates unchanged.

Alphabet Inc. Class C (GOOGL.US) reaches agreement with the Pentagon to provide AI support for confidential military missions.

According to a Pentagon official, Google (GOOGL.US) has reached an agreement with the U.S. Department of Defense, allowing its artificial intelligence system to be used for classified military activities.

The trading volume of the Shanghai and Shenzhen stock markets exceeded 1 trillion yuan, a decrease of 117.9 billion yuan compared to the previous day's volume at this time.

New stock news | Weikang Probiotics submits application for listing on the Hong Kong Stock Exchange main board, mainly engaged in the research, production, and sales of probiotic strains.

According to the disclosure on April 29 by the Hong Kong Stock Exchange, Weikang Yisheng Probiotics (Suzhou) Co., Ltd. has submitted an application for listing on the main board of the Hong Kong Stock Exchange, with Guotai Junan Securities acting as the sole sponsor.

A-share market opens fast! A-share opens low and goes high! The first quarter report "report card" becomes a magic mirror. Wuliangye Yibin(000858.SZ) stock price breaks 100, hitting a 6-year low.

On April 29th, the three major indexes of A shares opened lower and went higher. As of 9:44 am, the Shanghai Composite Index rose by 0.03%, the Shenzhen Component Index rose by 0.49%, and the ChiNext Index rose by 0.54%.

Macau expects the number of entry and exit personnel at each port during the May 1st holiday to reach 3.6 million to 3.7 million.

According to the Macau Public Security Police Force, with the approaching May Day holiday, considering that the mainland will have a 5-day holiday (from May 1st to May 5th), it is expected that there will be a large number of visitors entering Macau during this period. It is estimated that during this period, the total number of people entering and exiting all ports in Macau will reach 3.6 million to 3.7 million, with an average of approximately 720,000 to 740,000 people per day, which is similar to the same period last year.

New stock news | Domestic wet process plating materials leader Chuangzhixin successfully listed on the Hong Kong Stock Exchange, with revenue doubling and profits nearly tripling in the past two years.

According to the disclosure by the Hong Kong Stock Exchange on April 28th, Shenzhen Chuangzhi Xinhong Technology Co., Ltd. (referred to as Chuangzhi Xinhong) has submitted an application for listing on the main board of the Hong Kong Stock Exchange, with Haitong International and Bank of China International serving as its joint sponsors.

National Bureau of Statistics: The operating income of cultural and related industry enterprises above a certain scale nationwide in the first quarter increased by 6.4%.

In the first quarter of 2026, cultural enterprises achieved operating income of 3.5569 trillion yuan, calculated on a comparable basis, an increase of 6.4% compared to the same period of the previous year.

Shangmi Technology (06810) sounded the gong, setting a new benchmark for the AI commercial IoT track in the Hong Kong stock market.

At the critical turning point for AI technology transitioning from the cloud to physical entities, Sunmi, with its clear profit path and global barriers, has become a high-quality target in the "AI+ business" track with scarcity.

CTA ammunition exhausted and positions overheated! Technology giants sounded the stock market correction alarm before the performance disclosure.

As positions become increasingly tight, the main institutional buyers are about to switch to being major sellers. Stock market investors should be prepared for a short-term pullback.

Latest

46 m ago

China Energy Engineering Corporation: Net profit in the first quarter was 14.54 billion yuan, a year-on-year decrease of 9.75%.

46 m ago

COSCO Shipping Holdings: Subsidiary COSCO Shipping International Freight Co., Ltd. plans to acquire 49% equity of China Ocean Shipping (Group) Company for $2.257 million.

46 m ago

Beichen Industrial: Net loss of 151 million yuan in the first quarter of 2026.

47 m ago

Hong Kong-listed company 09922.HK repurchased 408,000 shares for HKD 755,200 on April 29th.

47 m ago

Tibet City Investment: Net loss of 53.04 million yuan in the first quarter of 2026.

Seeking Coverage

Being Writer

Exploring Cooperation