Weekly Outlook | 'Central Bank Super Week' Arrives! Fed Rate Decision Marks Walsh's Debut; Markets Focus on U.S.-Iran Deal; U.S. May Retail Sales Data Due; Hong Kong and U.S. Markets Closed Friday
The G7 summit is being held in France, with executives from Anthropic, OpenAI, and Google planning to attend; China has released key economic data for May, including retail sales, industrial output, and housing prices; a 'central bank super week' is underway, with the Bank of Japan potentially raising interest rates while the Bank of England and the Reserve Bank of Australia are expected to hold rates steady.
Express News | HKEX: Expands price limits for designated equity index futures during after-hours trading (T+1) session to ±6%
FTSE China 50 Index Rebalancing: Adds GigaDevice (03986) and Yangtze Optical Fibre & Cable (06869); Removes China Tower (00788), among others
The FTSE China 50 Index has added GigaDevice (03986) and Yangtze Optical Fibre and Cable (06869), and removed China Tower (00788) and CRRC Corporation (01766).
Rare! Tencent surges over 10% in a single day—has the worst passed for Hong Kong tech stocks?
Hong Kong-listed tech stocks surged.
Week Ahead | Focus on COMPUTEX: AI giants NVIDIA, Intel, and AMD take the stage in succession; U.S. May ADP and non-farm payroll data arrive; Meituan and Broadcom to report earnings
Additionally, reports indicate that the next round of U.S.-Iran talks may take place on June 5; sources noted that SpaceX launched its roadshow on June 4; Microsoft held its Build 2026 developer conference on June 2–3; Powell made his first public appearance since leaving office; and the Federal Reserve released the Beige Book, among other developments.
Express News | National Bureau of Statistics: The Manufacturing Purchasing Managers' Index (PMI) stood at 50.0% in May.
Express News | The Ministry of Commerce responds to inquiries on the progress of China-U.S. tariff negotiations: The economic and trade teams of both sides will finalize specific arrangements and move swiftly toward implementation.
Hong Kong stocks face an upcoming wave of trillion-yuan share lock-up expirations.
Spurred by the strong recovery of Hong Kong IPOs in 2025, Hong Kong's capital markets are set to face an exceptionally large wave of lock-up expirations rarely seen in history.
The Ministry of Foreign Affairs responds to China-U.S. economic and trade cooperation: The two countries will soon finalize their economic and trade outcomes.
On May 20, Foreign Ministry spokesperson Guo Jiakun held a regular press briefing. A journalist asked a question regarding China-U.S. economic and trade cooperation. Guo Jiakun stated that the competent Chinese authorities have already outlined the initial outcomes of China-U.S. economic and trade consultations. During President Trump’s visit to China, the heads of state of China and the United States held in-depth discussions on bilateral economic and trade relations, clarifying the direction and providing assurance for future cooperation. Both sides will, in accordance with the consensus reached by their leaders, swiftly finalize these outcomes and jointly ensure their implementation, thereby injecting greater certainty and stability into the next phase of China-U.S. economic and trade cooperation and the global economy. (CCTV News)
Hong Kong Market Midday Review | The three major indices moved in mixed directions, with the Hang Seng Tech Index up 0.17%; semiconductor stocks performed strongly, with GigaDevice surging over 14% to a record high and SMIC rising nearly 9%; internet tech
Tech and internet stocks weakened, with Bilibili-W down 4.48% and Xiaomi Group-W down 1.89%; gold mining stocks declined, with Chifeng Gold down 5.83% and Zijin Gold International down 5.16%; photovoltaic and solar stocks fell, with Lens Technology down 5.52% and Xinyi Solar down 4.55%.
An official from the Department of American and Oceanian Affairs of the Ministry of Commerce explained the initial outcomes of China-U.S. economic and trade consultations: both sides have agreed in principle to discuss, under the Trade Council framework,
From May 12 to 13, the Chinese and U.S. economic and trade teams held consultations in Korea, making preparations in the economic and trade domain for the upcoming meeting between the two heads of state. The two sides engaged in intensive discussions on the specific content of potential outcomes and reached positive consensus. A spokesperson from the Department of American and Oceania Affairs at the Ministry of Commerce provided an interpretation of the preliminary economic and trade outcomes.
Express News | May LPR Quotations Released: Both the 5-year and 1-year rates remain unchanged
Hong Kong Stocks Midday Review | Mixed performance among the three major indices, with the Hang Seng Index up 0.39%; widespread gains in technology stocks, Bilibili up nearly 4%, Tencent up nearly 3%; declines observed in multiple semiconductor stocks, wi
Several technology and internet stocks rose, with Tencent up 2.72% and NetEase-S up 2.06%. Gold stocks declined, with China Gold International Resources falling 4.45% and Zijin Gold International dropping 3.47%. Non-ferrous metal stocks generally fell, with Ganfeng Lithium declining 4.88% and Tianqi Lithium down 4.33%.
Hong Kong Stocks Midday Review | All three major indices fell, with the tech index dropping over 2%; auto stocks declined, Li Auto plummeted over 14%, and Leapmotor fell nearly 11%; GigaDevice Innovations surged nearly 9%, hitting a new high during the se
Technology and internet stocks generally declined, with Bilibili-W dropping 2.21% and Alibaba-W falling 1.66%. Real estate developer stocks weakened, as Radiance Holdings surged 53.23% while Longfor Group dropped 7.02%. Internet healthcare stocks trended downward, with Ark Health falling 5.61% and Dingdang Health declining 5.00%.
Express News | National Bureau of Statistics: From January to April, the total retail sales of consumer goods reached 16.4941 trillion yuan, increasing by 1.9% year-on-year.
Express News | National Bureau of Statistics: From January to April, the value-added industrial output of enterprises above designated size increased by 5.6% year-on-year in real terms.
Express News | The Ministry of Foreign Affairs stated that China and the United States are maintaining communication regarding arrangements for interactions between the two heads of state within the year.
Express News | PBOC: Broad money supply (M2) stood at RMB 353.04 trillion at the end of April, up 8.6% year-on-year.
Express News | PBOC: RMB loans increased by 8.59 trillion yuan in the first four months.
Express News | PBOC: Aggregate financing in the first four months reached RMB 15.45 trillion, down RMB 893 billion year-on-year.