GMT EIGHT - OPPORTUNITIES IN CHINA

Difficult to see a bidding war! CBRE Group, Inc. Class A sets its sights on acquiring Caesars Entertainment Inc (CZR.US): Fertitta has unique acquisition conditions, with a target price locked in at $31.

CBRE analysts believe that due to the large transaction size, high leverage, and cumbersome regulatory process, the bidding war for the acquisition of Caesar Entertainment is unlikely to happen, and Fertitta has a unique advantage.

New stock news | Union Semiconductor (688403.SH) submitted documents to the Hong Kong Stock Exchange, focusing on advanced packaging and testing solutions for DDIC.

According to the disclosure on May 29th by the Hong Kong Stock Exchange, Hefei Xinhui Cheng Microelectronics Co., Ltd. has submitted an application for listing on the Main Board of the Hong Kong Stock Exchange, with China International Capital Corporation Limited as the exclusive sponsor.

NetApp (NTAP.US) benefits from the "storage super cycle" windfall! Performance and guidance surpass expectations, prompting major banks to raise their target price.

American Webco announced better-than-expected performance and guidance, pushing the company's stock price to surge in pre-market trading on Friday in the US, and receiving positive ratings from several major Wall Street firms.

New stock news | Zhejiang China Commodities City Group (600415.SH) submitted application to Hong Kong Stock Exchange

According to the disclosure by the Hong Kong Stock Exchange on May 29, Zhejiang China Small Commodities City Group Co., Ltd. (referred to as "Small Commodities City", 600415.SH) submitted its listing application to the main board of the Hong Kong Stock Exchange, with HSBC and CITIC Securities as its joint sponsors.

Astrazeneca PLC Sponsored ADR (AZN.US) the new indication of benralizumab has been approved and launched

On May 29th, the NMPA official website showed that AstraZeneca's benralizumab has been approved for a new indication for the treatment of adult and adolescent patients aged 12 and above with hypereosinophilic syndrome without a clear non-hematologic secondary cause.

Spot prices skyrocket + inventory plummet, aluminum industry trapped in "supply black hole"

The shortage situation in the aluminum market continues to worsen.

Macao Monetary Authority: The funding cost of Macao banks generally decreased in the first quarter. The Macao SAR Interbank Offered Rate (MOR) at the end of March was 1.16%.

On May 29th, statistics released by the Monetary Authority of Macau indicated that the funding costs of Macau banks in the first quarter of 2026 were generally decreasing.

Stellantis (STLA.US) is not currently expanding its collaboration with Jaguar Land Rover and Tata to Europe, but is betting on partnerships with Chinese companies and self-developed technology.

Stellantis currently has no plans to expand its cooperation with Jaguar Land Rover and Tata Motors in the European market. It is currently evaluating the technical solutions for Alfa Romeo's large car models and considering introducing niche Jeep models produced in cooperation with Dongfeng into Europe.

Selected A-share announcements | China State Construction Engineering Corporation (601668.SH) recently won a major project worth 11.4 billion yuan.

The Chinese construction announcement mentioned that the company recently obtained a major project, which is the Kuidong-Kuzishan-Kuche Expressway Project KDK-TJSG-1 section of the G3033 highway. The project amount is 11.36 billion yuan, accounting for 0.5% of the audited operating income in 2025.

New Share Listing News | Union Semiconductor (688403.SH) Submits Application to Hong Kong Stock Exchange

According to the disclosure on May 29th by the Hong Kong Stock Exchange, Hefei Xinhui Cheng Microelectronics Co., Ltd. has submitted an application for listing on the main board of the Hong Kong Stock Exchange, with CICC as the exclusive sponsor.

The State Internet Information Office and four other departments jointly published the "Regulations on the Management of Internet Information Content Multi-Channel Distribution Services"

The relevant person in charge of the State Internet Information Office stated that the "Regulations" are aimed at promoting the standardized and healthy development of multi-channel distribution services for Internet information content, safeguarding the legitimate rights and interests of citizens, legal persons, and other organizations, and creating a good online ecosystem.

After acquiring the Macquarie asset management business, Nomura (NMR.US) plans to continue "sweeping up" in the United States to expand its territory.

Nomura Securities is seeking to acquire an American fund management company in order to expand its global business.

FIRST PACIFIC Davis: The first quarter of the Hong Kong Grade A office market recorded approximately 275,000 square feet of net absorption, with strong recovery momentum in the core areas.

The Grade A office market in Hong Kong showed partial signs of stability in the first quarter of 2026, with overall rental rates stabilizing and a slight improvement in the vacancy rate in the core business district (CBD).

US wholesale inventory month-on-month in April was 0.5%, below the expected 0.80% and lower than the previous value of 1.30%.

Preview of US Stock Market | The three major stock index futures rose together, while commercial aerospace stocks generally fell. Dell Technologies, Inc. Class C technology (DELL.US) and NetApp, Inc. (NTAP.US) soared after their earnings reports.

On May 29th (Friday) before the US stock market opened, the futures of the three major US stock indexes all rose.

New stock news | Shenzhen Longsys Electronics (301308.SZ) submitted a second filing to the Hong Kong Stock Exchange. The company's brand FORESEE ranks second among independent storage brands.

According to the prospectus, Jiangbolong is a leading global independent brand semiconductor memory manufacturer.

Shenzhou 22 manned spacecraft's return capsule landed at the Dongfeng landing site.

New stock news | Flooring product provider Bell Home applies to the Hong Kong Stock Exchange. Its products are sold in 128 countries and regions worldwide.

The company offers a wide range of PVC and wood flooring products for various end-use scenarios, including residential, commercial, mixed, or specialized applications.

New stock news | Shanghai W-Ibeda High Tech. Group (688071.SH), Weizhao Semiconductor, and other Hong Kong IPOs have had their materials accepted by the China Securities Regulatory Commission.

HuaYi Technology (688071.SH) and Weizhao Semiconductor, among other Hong Kong IPO companies, have had their application materials accepted by the China Securities Regulatory Commission.

Zhejiang China Small Commodities City Group Co., Ltd. has submitted its listing application to the Hong Kong Stock Exchange, with joint sponsors being HSBC and Citic Securities.

Inflation remains a "thorn in the eye"! Federal Reserve officials intensively hawkish: Be prepared for interest rate hikes.

If inflation does not quickly ease, raising interest rates may be put on the agenda.

Tesla, Inc. (TSLA.US) trillion-dollar valuation pillar faces a reality test: The size of the Robotaxi Texas fleet is only 42 vehicles, less than one-tenth of Waymo.

Official data from Texas shows that the scale of Tesla's Robotaxi is less than one-tenth of Waymo's.

The first store of Yushu Intelligent Living Experience Pavilion in Asia will open in Shanghai on May 31st.

Yushu Technology announced that on May 31, Yushu Technology's first intelligent experience store in Asia officially landed at 2/F, Jiuguang Department Store, 1618 Nanjing West Road, Jing'an District, Shanghai. The store features a lineup of G1 humanoid robots, R1 humanoid robots, and the full range of Go2 robot dogs, C-end star products.

The battle to defend the yen "burns" $73.6 billion! Japan's record intervention fails to stop the depreciation pressure, the market bets that further action may be taken.

The Japanese Ministry of Finance disclosed its first-ever record-breaking intervention in the foreign exchange market since 2024, using up to 11.73 trillion yen to support the yen. However, the massive investment did not reverse the depreciation trend and raised doubts about the limitations of unilateral intervention.

God 22 spacecraft separates the return module from the propulsion module.

Shenzhou 22 manned spacecraft's return module and propulsion module separated, and Shenzhou 21 astronauts Zhang Lu, Wu Fei, and Zhang Hongzhang officially began their journey home.

New stock news | Shenzhen Longsys Electronics (301308.SZ) submits a secondary listing application to the Hong Kong Stock Exchange

According to the prospectus, Jiangbolong is a leading global independent brand semiconductor memory manufacturer.

New Stock News | Belle Home submits application to Hong Kong Stock Exchange

According to the disclosure on May 29 by the Hong Kong Stock Exchange, Jiangsu Bell Home Technology Co., Ltd. (referred to as Bell Home) has submitted its listing application to the Main Board of the Hong Kong Stock Exchange, with DBS Group as its sole sponsor.

Ministry of Civil Affairs: Promote the timely inclusion of eligible rehabilitation aids in the scope of medical insurance, work-related injury insurance, and long-term care insurance payments.

On May 28th, the ninth plenary meeting of the Inter-Ministerial Joint Conference on the Accelerated Development of the Rehabilitation Assistive Devices Industry was held in Beijing. The meeting emphasized the need to focus on key points and further increase efforts to promote the development of the rehabilitation assistive devices industry. It is necessary to expand effective demand, understand the needs of different groups with functional disabilities, conduct pilot projects and application demonstrations for supply and demand matching, and continuously inject new momentum into the industry. It is important to cultivate market entities, optimize industrial layout, nurture a number of high-quality enterprises, promote the construction of technological innovation platforms, and support enterprises in expanding overseas markets. Efforts should be directed towards increasing promotion and application, selecting innovative application case studies, accelerating the cultivation and opening of application scenarios, improving service networks, and ensuring that quality products and services benefit more groups. Strengthening consumer support is also vital, by promoting the timely inclusion of qualified rehabilitation assistive devices in the scope of medical insurance, work-related injury insurance, and long-term care insurance payments to enhance consumer willingness. It is also important to strictly enforce quality management, strengthen comprehensive supervision of the rehabilitation assistive devices industry, improve product quality and configuration institution management, enhance intellectual property protection, accelerate the establishment of an industry statistical system, and strictly adhere to quality and safety standards.

Storage product exports remain stable and prices increase. Logistics companies report an increase in single large orders exceeding one billion.

In the first quarter of this year, China's integrated circuit exports reached 72.47 billion USD, an increase of 77.5% year-on-year. Among them, the export of memory products reached 45.99 billion USD, an increase of 174.2% year-on-year. The surge in memory product exports has also transmitted to the supply chain services. The head of a logistics company stated that since the beginning of the year, the number of business orders related to memory exports has doubled, and there has been a significant increase in large orders with a value of over 100 million yuan. Industry insiders believe that the explosive growth in memory product exports is not only due to the global supply and demand tension but also to the structural changes in the domestic memory industry chain upgrading and market share improvement.

New Stock News | Yanqu Information plans to list on the Hong Kong Stock Exchange. The China Securities Regulatory Commission requires the company to supplement the net profit data for the past three years in the filing report.

On May 29, the China Securities Regulatory Commission announced the requirements for supplementary materials for overseas issuance and listing applications (from May 25, 2026 to May 29, 2026).

New Stock News | Qingdao TGOOD Electric (300001.SZ) plans to have a Hong Kong IPO. The China Securities Regulatory Commission requires additional explanations on the use of the raised funds and relevant approval situations to be provided.

The China Securities Regulatory Commission issued the "Supplementary Material Requirements for Overseas Issuance and Listing Record Filing (May 25, 2026 - May 29, 2026)".

New stock news | COL Global Co., Ltd. (300364.SZ) intends to launch an IPO in Hong Kong. The China Securities Regulatory Commission requires additional information on the establishment period of the limited liability company and changes in shareholding.

China Securities Regulatory Commission (CSRC) issued the "Supplementary Materials Requirements for Overseas Issuance and Listing Filing (May 25, 2026 - May 29, 2026)".

New stock news | Shantui Construction Machinery (000680.SZ) Hong Kong IPO approved by China Securities Regulatory Commission

ShanTui Group (stock code: 000680.SZ) plans to conduct an IPO on the Hong Kong Stock Exchange and has received approval from the China Securities Regulatory Commission.

New stock announcement | Nasen Technology plans to list on the Hong Kong stock exchange. The Securities and Exchange Commission requires an explanation of the reasonableness of the prices at which new shareholders have entered the company in the past 12 months.

On May 29th, the China Securities Regulatory Commission announced the requirements for supplementary materials for overseas issuance and listing records (May 25th, 2026 - May 29th, 2026).

The amount involved in the case exceeded one billion yuan, Shi Yongxin was sentenced to 24 years in prison in the first instance.

On May 29th, the Intermediate People's Court of Xinxiang City, Henan Province publicly announced the verdict of the defendant Liu Yingcheng for the crimes of embezzlement of public funds, misappropriation of funds, non-state staff bribery, and bribery. He was sentenced to twenty-four years in prison and fined three and a half million RMB.

"Century's worst loss warning: Nikon's all in for the lithography machine business! Triggering a price war 'battle' against ASML Holding NV ADR (ASML.US)"

In order to compete for market share, the former photolithography machine giant Nikon is preparing to engage in a price war with ASML in the deep ultraviolet (DUV/ArF) photolithography machine field.

New stock news | Eaglerise Electric & Electronic (002922.SZ) plans to go public in Hong Kong. The China Securities Regulatory Commission requires additional information on the regulatory procedures for overseas investments involving overseas subsidiaries.

The China Securities Regulatory Commission issued the "Requirements for Supplementary Materials for Overseas Issuance and Listing Filing (May 25, 2026 to May 29, 2026)".

New stock news: Easy Control Intelligence Drive's Hong Kong IPO and the domestic unlisted shares will be fully tradable after being approved by the China Securities Regulatory Commission.

On May 29, the International Cooperation Department of the China Securities Regulatory Commission issued a filing notice regarding the overseas issuance and listing of Easy Control Intelligent Driving Technology Co., Ltd. and the "full circulation" of unlisted domestic shares.

New Stock News | Acrobiosystems (301080.SZ) Plans Hong Kong IPO. The China Securities Regulatory Commission requires additional information on the overseas investment and regulatory procedures of overseas subsidiaries.

China Securities Regulatory Commission released "Supplementary Material Requirements for Overseas Issuance and Listing Filing (May 25, 2026 - May 29, 2026)".

New Stock News | Antongmu Siasun Robot&Automation plans to list on the Hong Kong Stock Exchange. The Securities Regulatory Commission requires an explanation of the development and compliance of technology export-related businesses.

On May 29, the China Securities Regulatory Commission announced the requirements for supplementary materials for overseas issuance and listing (May 25, 2026 - May 29, 2026).

New stock news | Lafarge Harmony Hong Kong Stock IPO and domestically unlisted shares "full circulation" approved by the China Securities Regulatory Commission

On May 29, the International Cooperation Department of the China Securities Regulatory Commission issued the "Notice on the Record Filing of Zhejiang Lai Fu Harmonic Drive Co., Ltd.'s Overseas Issuance and Listing and the 'Full Circulation' of Unlisted Shares in China".

New stock news: Zhejiang Jingxin Pharmaceutical (002020.SZ) plans to launch a Hong Kong IPO. The China Securities Regulatory Commission requires additional clarification on the compliance of overseas investment and other regulatory procedures of its overseas subsidiaries.

The China Securities Regulatory Commission issued the "Supplementary Materials Requirements for Overseas Issuance and Listing Filing (May 25, 2026 - May 29, 2026)".

New Stock News | Rui Touch Siasun Robot & Automation plans Hong Kong IPO. The China Securities Regulatory Commission requires an explanation of the tax payment situation for the transfer of ownership in the transfer segment.

On May 29th, the China Securities Regulatory Commission announced the requirements for supplementary materials for overseas issuance and listing filing (May 25th, 2026 - May 29th, 2026).

New Stock News | True Health Company's Hong Kong IPO and domestic unlisted shares "fully circulated" approved by China Securities Regulatory Commission

On May 29, the International Cooperation Department of the China Securities Regulatory Commission issued the "Notice on the Record Filing of Overseas Issuance and Listing of Guangdong Zhenjian Health Medical Technology Development Co., Ltd. and the 'Full Circulation' of Unlisted Shares in the Domestic Market".

Ding Xiangqun is appointed as the Secretary of the Party Committee of the China Banking and Insurance Regulatory Commission.

On the afternoon of May 29, 2026, the relevant leaders of the Central Organization Department attended the leadership cadre meeting of the China Banking Regulatory Commission and announced the central decision: Comrade Ding Xiangqun was appointed as the Secretary of the Party Committee of the China Banking Regulatory Commission.

Market calls are getting louder, the Bank of Japan may temporarily suspend reducing bond purchases in the 2027 fiscal year.

Many investors believe that the Bank of Japan should pause the reduction of bond purchases in the next fiscal year.

Hong Kong Stock Exchange releases IPO application, delisting, and trading suspension statistics report: 62 new stocks listed this year, 500 pending listing applications being processed.

On May 29th, the Hong Kong Stock Exchange published a report on initial public offerings, delisting, and suspensions of companies (May 2026).

AI safety divergence: OpenAI enters the defense line of Japanese banks, while the Anthropic model is still subject to controlled evaluation.

GPT-5.5 is being opened up for the first time to Japanese financial institutions for the purpose of preventing cyber attacks.

Shenzhen Stock Exchange: Adjusting sample stocks of the Shenzhen Component Index, ChiNext Index, SZSE 100 Index, and ChiNext 50 Index.

The Shenzhen Stock Exchange has released a notice adjusting the constituent stocks of the Shenzhen Component Index, the ChiNext Index, the Shenzhen 100 Index, and the ChiNext 50 Index. The Shenzhen Component Index will include 25 stocks such as Century Huatong, Easycome Technology, Defu Technology, and United Power. The ChiNext Index will include 10 stocks such as ShanxiangXinchuang and Robote Corporation.

Hong Kong Securities and Futures Commission: The digital asset ecosystem in Hong Kong is continuing to develop vigorously.

Thomas Huang emphasized that under a sound regulatory system and risk management framework, Hong Kong will be able to jointly develop a more resilient, efficient and competitive digital asset ecosystem, thereby consolidating its position as a leading international financial center.

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The German DAX 30 index closed up 0.39% at 25190.96 points, with a cumulative increase of about 1.2% for the week and about 3.7% for May. The French stock index closed up 0.58%, the Italian stock index closed up 0.56%, and the UK stock index closed up 0.28%.

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