GMT EIGHT - OPPORTUNITIES IN CHINA

US Stock Market Move | United Parcel Service (UPS.US) fell more than 8%, while Amazon.com, Inc. introduced supply chain services to intensify competition.

On Monday, United Parcel Service (UPS.US) fell over 8%, to $98.38.

Palantir (PLTR.US) financial report faces "self-verification" test, analysts say forward guidance may determine stock price trend.

As it is about to announce its first-quarter results, Palantir is facing a crucial moment to prove to investors that its fundamental strength remains stable.

US Stock Market Move | eBay(EBAY.US) rose more than 4% while GameStop Corp. Class A plans to acquire approximately $5.6 billion.

On Monday, eBay (EBAY.US) surged nearly 13% in pre-market trading at one point, and as of the time of writing, it was up over 4% at $108.93.

US Stock Market Move | Storage concept stocks surged, with Micron Technology, Inc. (MU.US) rising more than 8%.

On Monday, storage concept stocks surged, with Micron Technology (MU.US) rising over 8% and SanDisk (SNDK.US) rising over 5%.

US Stock Market Move | Cryptocurrency concept stocks generally rose, with Circle (CRCL.US) soaring by nearly 11%.

On Monday, concept stocks of cryptocurrencies rose across the board, among which Circle (CRCL.US) surged nearly 11%.

AI chip newcomer Cerebras (CBRS.US) plans to price its IPO at $115-125 per share, aiming to raise $3.5 billion.

Artificial intelligence (AI) chip manufacturer and data center operator Cerebras Systems is planning to raise up to $3.5 billion through an initial public offering (IPO) to compete with competitors in this hot field.

The European Central Bank's interest rate hike in June is still undecided! Internal disagreements persist, and the surge in inflation is seen as a temporary phenomenon.

Currently, European Central Bank officials are weighing whether they need to raise borrowing costs to prevent the surge in energy prices caused by the Middle East conflict from evolving into more widespread inflationary pressures. However, at the same time, ECB officials also need to balance the negative impact that tightening monetary policy could have on economic growth.

Huajin Securities: A-shares may fluctuate with a bias towards strength in May. Technology and cyclical industries are relatively advantageous.

Huajin Securities stated that, currently, May A-shares may fluctuate slightly strong. It is recommended to continue to buy technology growth, some cyclical and consumer industries on dips.

Hong Kong Inland Revenue Department: total tax revenue for the fiscal year 2025/26 is expected to be HK$458.3 billion, up 22% from the estimated HK$455.1 billion for the current year.

The overall tax revenue for the fiscal year 2025/26 was 458.3 billion Hong Kong dollars, reaching a record high for the year, an increase of 83.8 billion from the previous year, representing a 22% increase. Among them, profits tax revenue was 212.6 billion Hong Kong dollars, an increase of 34.9 billion Hong Kong dollars year-on-year; salaries tax revenue was 97.7 billion Hong Kong dollars, an increase of 8.8 billion Hong Kong dollars; and stamp duty revenue was 102.6 billion Hong Kong dollars, an increase of 38.7 billion Hong Kong dollars.

New stock news | China Star Map is reportedly planning to list in Hong Kong, aiming to raise 500 million US dollars.

Mainland Chinese humanoid robot company Galaxea AI plans to go public in Hong Kong this year, with the goal of raising $500 million (approximately 3.9 billion Hong Kong dollars).

Hong Kong Investment Promotion Agency: Global Fast Track Program 2026 now accepting applications from today.

The 9th Global Fast Track Program 2026 is now accepting applications, with a deadline of September 25th. This flagship program covers eight major verticals for the first time, and introduces online market leader programs and fully upgraded roadshow competitions, creating a platform for global innovative technology companies to showcase their solutions and providing more diverse and flexible avenues to expand into the Asian and international markets starting from Hong Kong.

Preview of US Stock Market | The three major stock index futures all fell together as oil prices rose in the midst of ongoing tension in the Middle East.

On May 4th (Monday), before the US stock market opens, the futures of the three major US stock indexes are all falling.

Midland Realty: Hong Kong's overall property sales volume in April reached 8680 transactions, setting a new high for the year.

The Hong Kong property market has remained vibrant and active. According to data from the Land Registry compiled by Midland Realty Research Center, a total of 8,680 property transactions (including first-hand private residential units, second-hand residential properties, first-hand public housing, commercial units, parking spaces, and others) were recorded in April, representing a month-on-month increase of approximately 12.2%.

Corporate profit resilience overwhelms war worries! Under the narrative of the AI bull market, US stocks may break the "May curse"

Morgan Stanley strategist stated that the strong profits of American companies, particularly in the rapidly growing technology sector, are overshadowing concerns that the Middle East conflict may drag down the stock market.

Ministry of Transportation: On May 3, the total inter-regional passenger flow of the whole society was 300.56 million, an increase of 1% compared to the previous period.

On May 3, 2026, the total cross-regional population flow in the whole society was 30,056.4 million person-times, an increase of 1% compared to the previous month and an increase of 3.7% year-on-year. The railway passenger volume was 1859.8 million person-times, a decrease of 6% compared to the previous month and an increase of 2.5% year-on-year.

Hong Kong Monetary Authority: The credit conditions for small and medium-sized enterprises in Hong Kong remained stable in the first quarter.

The Hong Kong Monetary Authority announced the results of the "Survey on the Credit Conditions of Small and Medium-Sized Enterprises" for the first quarter of 2026 today (May 4). The survey shows that the credit conditions of small and medium-sized enterprises in Hong Kong have remained stable.

New stock news | Zhefu Intelligent will be listed on the Hong Kong Stock Exchange as the leading provider of one-stop thermal safety solutions for domestic new energy batteries.

According to the disclosure by the Hong Kong Stock Exchange on May 4th, Zephyr Intelligent Systems (Shanghai) Co., Ltd. (referred to as Zephyr Intelligent) has submitted its listing application to the Hong Kong Stock Exchange, with NH Financing as the exclusive sponsor.

Unbind the quota shackles! After the UAE "withdraws" from the group, accelerate oil investment and invest $55 billion to expand production.

The head of UAE National Oil Company said on Monday that exiting OPEC allows the UAE to accelerate investment and expand its business.

officially announces the addition of paid subscriptions. The standard version is priced at 68 yuan per month, the enhanced version at 200 yuan, and the professional version at 500 yuan.

officially announces the addition of paid subscriptions: Standard version is 68 yuan per month, Enhanced version is 200 yuan, and Professional version is 500 yuan.

New stock news | Zephyr Intelligent Logistics Files for Listing on the Hong Kong Stock Exchange.

According to the disclosure by the Hong Kong Stock Exchange on May 4th, Zhefu Intelligent System (Shanghai) Co., Ltd. (referred to as Zhefu Intelligent) has submitted an application for listing to the Hong Kong Stock Exchange, with Nam Hwa Financial as the sole sponsor.

Both leading stocks in the storage industry, Samsung Electronics significantly lags behind SK Hynix! The strike crisis has become the biggest drag, with profits at risk of being eroded and operations being forced to be interrupted.

The pressure posed by the strike threat may further widen the gap in stock price between Samsung Electronics and SK Hynix.

Ministry of Transport: From April 27th to May 3rd, the national railway transported 80.81 million tons of goods, an increase of 1.63% compared to the previous period.

From April 27th to May 3rd, the national railway transported 8080.1 million tons of goods, an increase of 1.63% compared to the previous period; the number of trucks passing through national highways was 4806.1 million, a decrease of 15.4% compared to the previous period; the monitored ports handled a total of 27823.4 million tons of goods, an increase of 7.64% compared to the previous period, and handled 694.7 million standard containers, an increase of 4.37% compared to the previous period.

China Resources Property: Hong Kong luxury homes are highly sought after, with the transaction volume in the Southern District of the Peak doubling to 1 billion yuan in April.

In the southern part of the mountaintop, there were about 8 transactions totaling over a billion Hong Kong dollars in April, which is twice the number recorded in March. Among them, 2 were first-hand transactions and 6 were second-hand transactions, representing a doubling from the 1 and 3 transactions recorded in March, respectively.

Hong Kong Manufacturers' Association: Long-distance shipping costs increase by 50 to 100%, putting pressure on business funds.

The Middle East conflict has affected the logistics costs of companies, with short and medium-haul flight costs increasing by 10% to 30%, long-haul flight costs rising by 50% to 100%, and insurance and fuel surcharges increasing accordingly. Additionally, prices for some raw materials such as metals and plastics have also risen by 10% to 30%.

Crypto legislation expected to boost bullish morale! Bitcoin surges back to $80,000, reaching a three-month high.

Bitcoin broke through $80,000 for the first time in three months, reaching the highest level since January 31, with other smaller-scale tokens such as Ethereum also rising.

New Stock Outlook | Production Capacity Ranks First in Asia, but Profit Anxiety is Hard to Conceal: How Likely is Wei Kang Probiotics to Succeed in Listing on the Hong Kong Stock Exchange?

Weikang Yisheng Probiotics chose to go public in Hong Kong at this time, its confidence comes not only from the dividends of the trillion-dollar health market, but also from the firm belief in the "leading" technology route of domestic probiotics in China instead of just following others.

Chen Haolian: The target of launching the Gold Central Clearing System operation this year, the Hong Kong Exchanges and Clearing Limited will resume gold futures trading in the coming months.

On May 4, Hong Kong Financial Services Chief Secretary Christopher Hui stated in the Legislative Council's Finance Committee meeting that Hong Kong is actively promoting the development of the gold and commodities market in various aspects, including increasing gold storage capacity, building financial infrastructure, and enhancing gold supply.

The Japanese Yen surged 0.8%: suspicions of intervention rise again, 157 is a critical battleground.

The Japanese yen jumped during the Asian trading session, as traders remained highly cautious of the possibility of Japan's authorities intervening in the market again.

The Hong Kong dollar interbank interest rates continue to fluctuate. The one-month interbank interest rate is reported at 2.44%.

On May 4th, the interbank lending rate continued to fluctuate, with the one-month interbank lending rate related to the property market reported at 2.4431%, an increase of 0.072 basis points.

Hong Kong Monetary Authority: To consider issuing new banknotes after the first batch of stablecoins is launched.

Yu Weiwen said that after the first stablecoin is launched, they will consider issuing a new currency. He reiterated that even if a new currency is issued, it will be in limited quantities, depending on how many issuers the market can accommodate and the different new risks. He emphasized that they will manage market expectations well.

US stocks hit record highs to kick off a "super week": leading semiconductor giants releasing their earnings, can "AI expanding the labor force cake" become a new growth narrative?

Investors officially kick off a new week after experiencing a strong start to May on Friday and going through the financial reports of five companies in the "seven giants of technology" last week.

Hong Kong Monetary Authority: The percentage of US dollar assets in foreign exchange reserves was below 80% at the end of last year, and will become more diversified in the future.

Hong Kong Monetary Authority Chief Executive Eddie Yue said that the percentage of USD assets in the foreign exchange fund will be less than 80% by the end of 2024 and 2025, and will become more diversified in the future.

Hong Kong Tourism Promotion Association: The overall occupancy rate of Hong Kong hotels during the May Day Golden Week reached ninety percent.

Tony Tse, Executive Director of the Hong Kong Tourism Board, stated on a radio program that during the peak season, the overall occupancy rate of small to large hotels in Hong Kong reached 90%, and room rates only increased by a moderate 10% compared to previous long weekends.

New stock news | Huate Energy's Hong Kong IPO prospectus has become invalid.

The Hong Kong IPO prospectus submitted by Guangzhou Haote Energy Conservation and Environmental Protection Technology Co., Ltd. (referred to as "Haote Energy") on November 2, 2025, expired after 6 months on May 2, 2026.

The Federal Reserve and the Treasury Department have different views: Kashkari worries that the conflict will continue to push up inflation, while Brainard is optimistic that oil prices will fall immediately after the war.

Minneapolis Fed President Kashkari said that the longer the war involving Iran lasts, the greater the risk of rising inflation and more widespread economic damage.

Zhu Hexin, Deputy Governor of the People's Bank of China and Director of the State Administration of Foreign Exchange, attended a series of meetings including the ASEAN and China-Japan-Korea Central Bank Governors Meeting.

On May 3rd, Zhu Hexin, Vice President of the People's Bank of China and Director of the State Administration of Foreign Exchange, went to Uzbekistan to attend the ASEAN Plus Three Finance Ministers' and Central Bank Governors' Meeting.

Yu Weiwen: Financial market continues to operate smoothly, Hong Kong economy remains resilient.

Hong Kong Monetary Authority Chief Executive Eddie Yue stated at a meeting of the Financial Affairs Committee that the conflict in the Middle East has pushed up energy prices, adding uncertainty to the global economic and interest rate outlook. Despite significant volatility in global markets, Hong Kong's foreign exchange and currency markets continue to operate smoothly.

Macau's gross gaming revenue in April was 19.894 billion Macau patacas, a year-on-year increase of 5.5%.

According to data from the Gaming Inspection and Coordination Bureau of Macau, the gross revenue of Macau's gaming industry in April was 19.894 billion Macau patacas, an increase of 5.5% year-on-year.

New Stock Preview | Visionet Technology: China's Swimming Pool Cleaning Siasun Robot&Automation "Number One", Gross Margin to the left Net Profit Margin to the right

Wangyuan Technology submits listing application to the Hong Kong Stock Exchange Main Board.

GameStop Corp. Class A(GME.US) - A "David vs Goliath" style high-stakes gamble! CEO of Conn's, Inc. plans to acquire eBay (EBAY.US) at a premium of $56 billion, aiming to create a new e-commerce empire worth a trillion dollars.

Ryan Cohen, CEO of GameStop (GME.US), revealed to the media that the company plans to acquire e-commerce platform eBay (EBAY.US) for approximately $56 billion in cash and stock.

TSMC may restart the construction plan for the Longtan wafer fab or invest up to 19 billion US dollars.

According to anonymous industry sources, after a hiatus of two and a half years, TSMC may resume its plans for a wafer fab in Longtan, expected to introduce next-generation EUV processes. The sources suggest that if this plan is resumed, it is expected to attract investments of 500 to 600 billion New Taiwan Dollars. TSMC abandoned the plan in October 2023 due to strong local opposition and shifted its focus on advanced manufacturing to Kaohsiung and Tainan.

Hong Kong stock concept tracking | High-end CCL suppliers all announced price increases. Leading copper clad laminate companies benefit from AI expansion (with concept stocks).

CCL: Price increase combined with new demand exploration, the upgrade logic of high-end materials is underestimated.

The US-Iran situation has once again shown a glimmer of peace: both crude oil and the US dollar have fallen, while the price of gold has stabilized and is waiting quietly for the agreement to be finalized.

Due to the prospect of the resumption of navigation in the Strait of Hormuz and signs of progress in a deal between the US and Iran boosting market sentiment, oil prices fell along with the US dollar, while the price of gold remained relatively stable.

During the first two days of the Labour Day holiday in Macau, nearly 1.7 million people entered and exited the region, an increase of 8.3% compared to the previous year.

During the first two days of the May Day holiday (May 1st - May 2nd), the total number of inbound and outbound visitors in Macau was approximately 1.698 million, showing an increase of 8.3% compared to the same period last year, with an average of about 849,000 inbound and outbound visitors per day.

New Stock News | Shenzhen Yanzhi Intelligence holds a hearing at the Hong Kong Stock Exchange, with profits showing a decreasing trend year by year

According to the disclosure of the Hong Kong Stock Exchange on May 3, Beijing Shenyan Intelligent Technology Co., Ltd. (referred to as Shenyan Intelligent) went through the listing hearing on the Hong Kong Stock Exchange main board, with ICBC International as its exclusive sponsor.

May Day box office surpasses 500 million.

According to data from online platforms, as of May 3rd, the total box office of 2026 exceeded 13.4 billion yuan. The box office during the "May Day" holiday exceeded 500 million yuan, with an average ticket price of 36.8 yuan, the most favorable in the same period in nearly four years.

Cui Dongshu: From January to March, China's market share in the global new energy passenger car market reached 61%.

From January to March 2026, the world's car sales reached 22.4 million units, with new energy vehicles reaching 4.53 million units.

BYD: In April, sales of pure electric passenger vehicles reached 156,944 units. The performance in April was 156,944 units. Sales of plug-in hybrid passenger vehicles reached 157,156 units.

OPEC+ has agreed to increase production by 188,000 barrels per day in June, but this may just be a "paper number".

The analysis suggests that this is aimed at sending a signal that production can be increased at any time once the war is over.

Bank of America's Hartnett: This round of US stock market rise is supported by fiscal policy and AI. Once financing costs rise, the market may reverse.

Bank of America's Hartnett believes that the ongoing rise in US stocks is being driven by large-scale government fiscal spending and AI investments, forming a self-reinforcing "prosperity cycle".

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Tianxing Medical (01609.HK) Hong Kong public offering is subscribed 7,823.13 times, raising approximately HK$7.584 billion in net proceeds from global offering.

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UAE issues missile threat warning, highlighting fragile nature of US-Iran ceasefire.

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Xinjiang issued a yellow warning for meteorological risks of mountain flood disasters. There is a high possibility of mountain flood disasters in Yili and other areas.

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The survey conducted by Mexico's central bank shows that private sector analysts expect the benchmark interest rate to be 6.50% at the end of 2027, in line with previous survey expectations.

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A survey conducted by the Central Bank of Mexico shows that private sector analysts expect the domestic gross domestic product growth rate in 2026 to be 1.38%, which is lower than the previous estimated of 1.49%.

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