There was HKD2.7 billion, HKD1 billion and HKD800.9 million Southbound Trading net inflow to AKESO (09926.HK), TENCENT (00700.HK) and POP MART (09992.HK).

There was HKD547.5 million, HKD208.3 million and HKD200.4 million Southbound Trading net outflow from LENOVO GROUP (00992.HK), KB LAMINATES (01888.HK) and HUA HONG SEMI (01347.HK).

For Southbound Trading of Shanghai-Hong Kong Stock Connect, AKESO (09926.HK) was the most active stock with highest net inflow of HKD1.7 billion, while XIAOMI-W (01810.HK) was the most active stock with highest net outflow of HKD352.6 million.

For Southbound Trading of Shenzhen-Hong Kong Stock Connect, AKESO (09926.HK) was the most active stock with highest net inflow of HKD1 billion, while BABA-W (09988.HK) was the most active stock with highest net outflow of HKD482.2 million.

At close, Southbound Trading net outflow totaled HKD0 , representing 40.15% of the total transaction amount of HKD132.86 billion.
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LI AUTO-W (02015.HK) announced that it delivered 33,350 vehicles in May. As of May 31, 2026, the company's total historical deliveries numbered 1.7028 million units.

Since 1Q26, the company's deliveries have returned to a growth trajectory, regaining the top position among Chinese brands in the NEV market priced above RMB200,000, Li Xiang, Chairman and CEO of LI AUTO-W, said.

Li added that LI AUTO-W will hold a dedicated technology launch event in June so as to further demonstrate the company's advancements in embodied intelligence and its forward-looking strategy.

The all-new Li L8 will also be unveiled at the end of June. This five-seat flagship SUV will carry forward the strong product competitiveness of the new Li L9 and further consolidate the company's leading position in the high-end new energy SUV market.
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MEITUAN-W (03690.HK) announced its results for 1Q26 ended March. Net loss during the period was approximately RMB6.827 billion, compared with net profit of approximately RMB10.06 billion in the same period last year. Under non-IFRS, adjusted loss was RMB4.968 billion, compared with adjusted net profit of approximately RMB10.95 billion a year earlier, beating market expectations for a loss of RMB6.83 billion. Operating loss was RMB6.47 billion, also better than market estimates of a loss of RMB9.01 billion.

Total revenue in 1Q26 reached approximately RMB91.04 billion, up 5.6% YoY, in line with market expectations of RMB90.79 billion. Among which, Core Local Commerce segment revenue increased by 0.1% YoY to RMB64.1 billion. Operating loss narrowed significantly to RMB2 billion on sequential basis. Operating margin decreased YoY, while improved QoQ to negative 3.2%.
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CATL (03750.HK) announced that it completed 1,650 Chocolate battery swap stations as of May across mainland China, covering 127 cities. In less than half a year, more than 600 new stations were added, with coverage expanding to 82 additional cities, data showed.

According to its plan, the number of Chocolate battery swap stations will exceed 3,000 by the end of 2026, with nationwide coverage expanding to nearly 190 cities. In terms of highway network construction, CATL plans to establish an "11 vertical and 9 horizontal" highway battery swap network by 2027.
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CATL (03750.HK) will achieve mass production of a series of sodium-ion battery products this year, Wu Kai, Academician of the Chinese Academy of Engineering and Chief Scientist of CATL (03750.HK), recently revealed. Compared with lithium-ion batteries, sodium-ion batteries benefit from more abundant raw material resources and lower costs.

Looking ahead, lithium-air batteries will become CATL's next strategic focus. Wu noted that lithium-air batteries use lithium as the anode and oxygen in the air as the cathode reactant. With ultra-high theoretical energy density, they are set to become the focal point of global competition for next-generation batteries.
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Zeekr announced that it delivered 34,377 vehicles in May, representing an 81.8% YoY upsurge, marking the fourth consecutive month of both YoY and MoM growth.

Among them, the Zeekr 9 and 8 series accounted for nearly 50% of total deliveries. The brand's average transaction price per vehicle elevated 52.4% YoY.
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XIAOMI-W (01810.HK) unveiled a full-chain optimization solution for the inference system of its MiMo-V2.5 series models. According to the company, the team systematically restructured the entire inference stack - from KVCache management, hierarchical caching and prefix caching to scheduling strategies and the Prefill/Decode pipe-line-around a hybrid SWA + MoE + multimodal architecture.

KVCache storage has been compressed to approximately one-seventh of comparable solutions, sharply reducing inference costs in long-sequence scenarios. This serves as the core technical foundation for the latest price reduction.

MiMo-V2.5 has achieved five major core breakthroughs, including KVCache dual pools with SWA-aware prefix tree, enabling the company to maintain break-even even after the price cut. MiMo continues to step up investment in its developer ecosystem. The recently launched 100-trillion-Token Creator Incentive Program has attracted more than 540,000 applicants, with a cumulative distribution of 100 trillion free tokens, equivalent to more than RMB65 million.
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NVIDIA Corporation (NVDA.US) announced that it has selected Unitree Robotics to sell its first robot system, which will be supplied to researchers including those at Stanford University.

The system will combine Unitree Robotics' nearly 6-foot-tall H2 humanoid robot with NVIDIA's Jetson Thor hardware, powered by Blackwell chips to support the robots' AI functions.

NVIDIA stated that its humanoid AI model Isaac GR00T and its simulation system form part of the new robot testing suite. The robot will use robotic hands manufactured by Sharpa in Singapore.

Unitree Robotics' STAR Market IPO application was reviewed today (1st). If approved, the company will proceed to the next stage of fundraising for the IPO.
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Copper prices in New York and London ascended as less than one month remains before the US tariff deadline.

The US Secretary of Commerce must submit an updated recommendation on refined copper tariffs to US President Donald Trump by June 30, in order to determine whether the US will formally impose a 15% tariff on refined copper starting next year.

Ahead of the official decision, the premium of US copper prices over the rest of the world widened again, prompting a surge of copper shipments into US ports.

As of 11:44 am today (1st), copper prices on the London Metal Exchange (LME) rose 0.4% to USD13,687.5 per ton; copper futures on the New York Mercantile Exchange climbed 1% to USD6.45 per pound, marking the highest closing level since May 14.

Copper prices have accumulated a 5% gain in May. Goldman Sachs has raised its end-year price forecast for LME copper by more than 10%, reflecting US stockpiling of copper and weaker-than-expected mine supply, which is expected to tighten market supply.

The bank now expects copper prices to reach USD13,735 per ton by the end of this year, more than 10% higher than its previous forecast of USD12,465 per ton. The projection is based on expectations that the US will once again delay tariffs on refined metals.
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BUSYMING (01768.HK) once peaked at HKD367.6 today (1st). It last posted at HKD359.8, up 8.24%, with a turnover of 289,900 shares, involving HKD103 million.

Macquarie noted that BUSYMING's share price slumped by more than 20% last week over market concerns that the company and competitor WANCHEN GROUP (300972.SZ) recently introduced additional franchisee subsidies for new stores opened near competitors in certain regions. The broker believed such concerns are overdone, as subsidy policies have strict application standards and are much more prudent than in 2024.

Given that higher subsidies may slow the pace of margin expansion, Macquarie lowered its net profit forecasts for FY2026 and FY2027 by 3% each. The broker reduced its TP from HKD588 to HKD572, and reiterated its Outperform rating.
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LENS (06613.HK) opened 1% higher today (1st), hitting an intraday peak of HKD26.5. It last stood at HKD25.2, up 4.65%, with 28.6616 million shares traded, involving HKD734 million.

Citi released a research report on LENS TECHNOLOGY (300433.SZ), which had announced the draft of its 2026 A-share restricted stock incentive plan last Friday (May 29). The broker observed that the company's 2026 revenue target is 18% and 10% above Citi's and market's expectations, respectively. Revenue targets for 2027 and 2028 are 2% and 14% below Citi's forecasts, respectively; compared with market expectations, they are 1% higher and 4% lower, respectively.

Given the current weakness in the Android camp, LENS 2026 revenue target appears relatively aggressive. However, it does not rule out potential revenue growth contributions from automotive glass and robotics businesses. The 2027 and 2028 revenue targets are broadly in line with consensus. The broker stayed upbeat on the company's dual growth engines of automotive and iPhone cover glass upgrade and metal casing share gain and assembly businesses. Citi maintained a Buy rating on LENS H-shares with a TP of HKD25.
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As a composite indicator summarizing overall operating conditions in the manufacturing sector in China with a single figure, China's seasonally adjusted RatingDog Manufacturing Purchasing Managers' Index (PMI) registered 51.8 in May. Although lower than April's 52.2, it remained above the 50 boom-or-bust line for the sixth consecutive month and beat market expectations of 51.3.

The latest reading showed that the pace of improvement in manufacturing conditions eased MoM, but the index still stood notably above the post-2004 long-term average of 50.8. During the latest survey period, all sub-indices except employment made positive contributions to the headline PMI, with the contribution from inventories of purchases increasing compared with April.

During the period, demand for Chinese manufactured goods continued to expand. Although the growth rate slowed from April, it remained at the highest level seen in the past five years. Surveyed companies reported that new orders increased due to stronger market demand, product improvements, acquisition of new clients and promotional activities. Despite a slight decline in new export business in May, overall growth in new orders continued to exceed the long-term average.

Another key finding from the latest survey was alleviating inflationary pressure in the manufacturing sector. On a seasonally adjusted basis, both the input prices and output prices sub-indices declined MoM for the first time in six and seven months, respectively, indicating a moderation in inflation. Nevertheless, the rate of increase in input costs remained above the long-term average. Manufacturers cited higher raw material and energy costs, supply chain disruptions and international conflicts as contributing factors.
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China Foreign Exchange Trade System (CFETS) announced on Monday (1st) that the central parity of USD/ RMB added 9 bps from the previous day to 6.8167, hitting a new high since 14 February 2023.
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This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.

MINIMAX-W (00100.HK) announced that it has resolved to explore the preliminary proposal for the Proposed Issue of RMB Shares, which may involve (i) the entering into of agreements with professional advisors, and consultation and negotiation with relevant securities or other regulatory authorities.

The Proposed Issue of RMB Shares, if proceeded, shall be conditional upon and subject to, among other things, market conditions and the necessary Regulatory Approval(s).

After the successful listing of the Company on the Hong Kong Stock Exchange, the Company is assessing the capital markets continuously, including an assessment for listing on the STAR Market. The Company has engaged professional advisors to provide counselling on the Company’s compliance with the conditions of the listing on the STAR Market and entered into a tutoring agreement.

Any concrete plan of the Proposed Issue of RMB Shares, if made by the Company, and the expected timing of the Proposed Issue of RMB Shares, will be subject to further approval of the Board and/or the Shareholders at a general meeting of the Company (as applicable), as well as the Regulatory Approvals, and thus may or may not be implemented.
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A class action lawsuit targeting the Full Self-Driving (FSD) function of Tesla, Inc. (TSLA.US) has been heard in the first instance at the Daxing District Peoples' Court in Beijing, Chinese media reported.

Ten Chinese vehicle owners have filed a lawsuit against Tesla, alleging false advertising and consumer fraud, seeking compensation of more than RMB3.95 million.

According to the plaintiffs' legal representative, Tesla was aware that the promoted FSD function had not obtained approval from Chinese regulators and was unable to deliver the core functions described in its marketing materials.

The lawyer also alleged that Tesla concealed hardware technical defects and engaged in misleading promotion to induce purchases, arguing that such conduct meets the legal criteria for fraud.
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