There was HKD1.1 billion, HKD569.2 million and HKD536.5 million Southbound Trading net inflow to KINGBOARD HLDG (00148.HK), KB LAMINATES (01888.HK) and TENCENT (00700.HK).

There was HKD2.2 billion, HKD1.5 billion and HKD378.5 million Southbound Trading net outflow from BABA-W (09988.HK), CNOOC (00883.HK) and YOFC (06869.HK).

For Southbound Trading of Shanghai-Hong Kong Stock Connect, TENCENT (00700.HK) was the most active stock with highest net inflow of HKD376.5 million, while CNOOC (00883.HK) was the most active stock with highest net outflow of HKD1.1 billion.

For Southbound Trading of Shenzhen-Hong Kong Stock Connect, KINGBOARD HLDG (00148.HK) was the most active stock with highest net inflow of HKD775.5 million, while BABA-W (09988.HK) was the most active stock with highest net outflow of HKD1.9 billion.

At close, Southbound Trading net outflow totaled HKD0 , representing 36.72% of the total transaction amount of HKD105.96 billion.
~




AAStocks Financial News
Web Site: www.aastocks.com

Bank Indonesia (BI), the Hong Kong Monetary Authority (HKMA) and the People's Bank of China today (11th) signed a Memorandum of Understanding (MOU) to establish a cooperation framework aimed at promoting bilateral transactions in Indonesian Rupiah (IDR) and offshore Chinese Renminbi (CNH) between Indonesia and Hong Kong. Further details on operational procedures, timelines and participating banks are expected to be announced later this year.

Under the MOU, a bilateral currency transaction framework will be implemented to facilitate the direct exchange and settlement of IDR and CNH in cross-border trade and investment activities amongst corporates and institutions in Indonesia and Hong Kong. This initiative is designed to enhance the efficiency of cross-border transactions, while promoting greater use of regional currencies.
~

AASTOCKS Financial News
Website: www.aastocks.com

China's State Administration for Market Regulation (SAMR) announced that, together with the Cyberspace Administration of China and the National Railway Administration, it has conducted regulatory talks in accordance with the law with seven third-party platform operators, including TRIP.COM-S (09961.HK), TONGCHENGTRAVEL (00780.HK), Qunar, Fliggy, MEITUAN-W (03690.HK), and Gao Tie Guan Jia.

The authorities targeted irregular business practices by the above platforms, including improper promotion of "waitlist ticket grabbing assistance" and paid seat selection services, improper inducement of users to "buy longer-distance tickets but travel shorter segments" or "buy shorter-distance tickets but travel longer segments", as well as improper collection and use of users' personal information.

The relevant enterprises were required to strictly comply with laws and regulations including the Anti-Unfair Competition Law of the People's Republic of China, the Law of the People's Republic of China on the Protection of Consumer Rights and Interests, the E-commerce Law of the People's Republic of China, and the Personal Information Protection Law of the People's Republic of China.

They were instructed to fulfill their primary responsibilities, comprehensively standardize train ticket sales operations, jointly safeguard the order of the railway ticketing market, and protect the legitimate rights and interests of consumers.

The SAMR and other departments will step up regulatory enforcement efforts. Any suspected illegal activities discovered will be handled seriously in accordance with the law and regulations.
~

AASTOCKS Financial News
Website: www.aastocks.com

TENCENT Hunyuan announced that its HPC-Ops inference operator library has undergone a system-level upgrade, evolving from standalone operators into a comprehensive optimization suite covering the entire inference pipeline, including five key operators.

This upgrade effectively addresses real-world engineering bottlenecks on mainstream inference platforms, such as long-tail latency in Attention, GPU memory transfer overhead, and cross-card communication. Multiple performance metrics significantly outperform existing open-source baselines.

HPC-Ops is an industrial-grade, high-performance large model inference operator library open-sourced and long maintained by the TENCENT Hunyuan AI Infra team. Key highlights of this upgrade include:

Attention: To tackle computation imbalance and long-tail inference issues caused by mixed short and long requests under real workloads, a runtime dynamic load scheduling solution is adopted. Tests show up to 2.95x acceleration for long-text scenarios and up to 17% improvement in end-to-end QPM.

Router GEMM: To achieve FP32-level high-precision computation through a dual BF16 GEMM combination, balancing inference accuracy and GPU utilization. Precision is significantly superior to conventional BF16/TF32 solutions, with up to 3.22x speedup compared with CuBLAS FP32.

FusedMoE: To establish a full-module MoE pipeline, integrating multi-stage processes while eliminating GPU memory transfer and kernel launch overhead. Compared with mainstream frameworks such as vLLM and SGLang, performance improves by 1.2-1.6x.

Fused AllReduce+Norm: To deeply integrate cross-GPU communication, residual addition, and normalization computation. Compared with mainstream solutions including NCCL and FlashInfer, performance achieves 1.04-1.68x acceleration.

Sampler: To consolidate sampling computation in the decoding stage, originally requiring more than ten operator steps, into two CUDA kernels, significantly reducing scheduling, read-write, and synchronization overhead. Compared with vLLM, speed increases by 4.0-7.5x, and by 1.9-4.7x versus FlashInfer, addressing inference-end bottlenecks.
~

AASTOCKS Financial News
Website: www.aastocks.com

CHOW TAI FOOK (01929.HK) announced its annual results for the year ended March 2026. Revenue rose 5.3% YoY to HKD94.398 billion. Net profit added 52.2% YoY to HKD9.004 billion, with EPS of HKD91 cents.

A final dividend of HKD45 cents was declared. Together with an interim dividend of HKD22 cents, full-year dividend amounted to HKD67 cents, compared with HKD52 cents in the same period last year. The full-year payout ratio was approximately 73.4%.

Chairman Henry Cheng said the company set targets for FY2030. For financial performance, the company aims to achieving above-market revenue growth, and sustaining a high return on equity of above 25%. For store network evolution, the company targets to complete the full renovation and elevation of its POS portfolio by FY2030. In parallel, the company plans to expand its network of newly designed luxury-format stores in the Mainland from the current 8 stores to 50 by FY2030.

As to international expansion, the company aims to doubling the RSV of its international operations compared to FY2026, and to have an international footprint of over 100 stores.
~

AASTOCKS Financial News
Website: www.aastocks.com

China's Ministry of Industry and Information Technology (MIIT) released the "Announcement on Road Motor Vehicle Production Enterprises and Products" (Batch 408).

In the list of proposed newly approved vehicle manufacturing enterprises and changes for approved enterprises, Xiaomi Auto Technology Co., Ltd. was included.

The company applied for a change to add a range-extended electric vehicle (REEV) product category.
~

AASTOCKS Financial News
Website: www.aastocks.com

KWEICHOW MOUTAI (600519.SH) Chairman Chen Hua said at the annual general meeting that Moutai liquor prices will move in line with market conditions and remain relatively stable, and must not experience sharp rises or falls, with supply and demand properly matched and volume-price balance maintained.

He noted that there is strong public attention on adjustments to Moutai liquor prices at the moment, and the company maintains a high level of confidentiality on the matter. Regarding various messages circulating online, Chen urged the public not to spread or believe rumors.
~

AASTOCKS Financial News
Website: www.aastocks.com

KWEICHOW MOUTAI (600519.SH) held its 2025 annual general meeting. In response to questions regarding a potential share split, Chairman Chen Hua of Moutai Group stated that shareholders' views are currently not unified and show marked divergence. After comprehensive assessment, the company has so far had no plan for a share split.
~

AASTOCKS Financial News
Website: www.aastocks.com

WeChat officially announced a new image-sharing feature for chats. When users send three or more images or videos, they can now select the "merged display after sending" option.

Sent images support expand and collapse functions, allowing users to switch display formats with a single tap. Users can also save all content in the merged display with one click or forward it to other contacts.
~

AASTOCKS Financial News
Website: www.aastocks.com

The legal department of LI AUTO-W (02015.HK) stated that the company has recently formally reported to the public security that a cultural media company in Jiangxi used AI tools to mass-produce false content related to Li Auto.

Relevant law enforcement authorities have initiated investigations and handled the matter in accordance with the law, and the institution involved has publicly apologized for the above actions.

The company noted that malicious defamation and rumor-mongering targeting its product series, brand and users have continued to occur in recent years.

Such illegal activities mainly involved fabricating and disseminating false content about Li Auto owners on a large scale, systematically stigmatizing the user community and thereby damaging the company’s brand reputation.

As offenders begin to leverage AI tools to spread false information in bulk, the company will take legal action.
~

AASTOCKS Financial News
Website: www.aastocks.com

Amid escalating trade tensions, China has cancelled a high-level meeting with the EU scheduled for this month, Financial Times reported.

In response, Chinese Ministry of Foreign Affairs spokesperson Lin Jian said that China and the EU are maintaining communication regarding the relevant dialogue based on current understanding.
~

AASTOCKS Financial News
Website: www.aastocks.com

SUNAC (01918.HK) Chairman Sun Hongbin said he is cautiously optimistic about the current trend of the property market, noting that the core issue behind the downturn lies in homebuyers losing confidence. However, he said clear signs of improvement have already emerged in the property markets of tier-1 cities.

He added that the real estate business model will undergo structural changes, with the traditional development model gradually phasing out. In the future, property development will shift toward a fund-based operational model, while high-quality investment properties will rely on infrastructure REITs to achieve asset securitization and revitalization. SUNAC will continue to monitor policy developments and industry trends in the REITs market to map out a long-term transformation path.
~

AASTOCKS Financial News
Website: www.aastocks.com

HONOR CEO James Li announced that HONOR has officially become the official mobile photography and videography partner of the 28th Shanghai International Film Festival.

The company will also debut a full production independently shot by its Robot Phone for the first time, using film-grade imaging to capture and pay tribute to the highlight moments of filmmakers around the world.
~

AASTOCKS Financial News
Website: www.aastocks.com

The State Post Bureau formally opened an investigation into J&T Express Co., Ltd. (literal translation of "極兔速遞有限公司"). In response, J&T EXPRESS-W (01519.HK) stated that its China operations attach great importance to the matter, sincerely accept the probe, and will resolutely comply with and fully cooperate in all investigations conducted by the competent authorities in accordance with laws and regulations.

J&T underscored that workplace safety is a non-negotiable red line for enterprises. J&T China reflected deeply on the important instructions regarding production safety and acknowledged gaps and deficiencies, as the brand headquarters, in fulfilling unified safety management responsibilities over certain enterprises operating under the "J&T Express" trademark, trade name, and waybills. The lessons learned are profound.

J&T China said it sincerely accepts supervision. The company immediately established a special task force led by its head of safety to conduct comprehensive inspections and rectification of potential workplace safety hazards. It pledged to strictly reinforce unified management responsibilities, further enhance and refine unified safety management systems and control standards for relevant enterprises and franchise outlets, and clarify a four-tier safety responsibility chain covering the China headquarters, agency regions, transit centers, and outlets.

J&T EXPRESS-W once plunged 14.2% to a trough of HKD7.54. It last reported at HKD8.17, down 7.05%, with turnover of 100 million shares, involving HKD823 million.
~

AASTOCKS Financial News
Website: www.aastocks.com

Goldman Sachs expressed optimism that JD-SW (09618.HK) will see accelerated revenue growth and a YoY recovery in earnings starting from 2H26, supporting a valuation re-rating.

Given the high base in 2Q25 for electronics and home appliances, the broker expected JD Retail revenue to record a mid- to high-single-digit YoY decline in 2Q26. However, it noted that such negative factors have been largely priced in by investors.

As sales of electronics and home appliances normalize, coupled with double-digit growth in general merchandise, Goldman Sachs estimated JD Retail growth to accelerate in 2H26. The broker maintained its Buy rating on JD-SW, with a TP of HKD169 and a TP of USD43 for JD.com, Inc. (JD.US).
~

AASTOCKS Financial News
Website: www.aastocks.com

For the JD 618 campaign, multiple intelligent robots have officially been deployed at JD MALL stores, gradually providing operational support across roles including customer greeting and guidance, navigation and shopping assistance, intelligent sales advisory, shelf stocking, and in-store monitoring.

At the moment, JD MALL’s intern robot employees have achieved refined division of labor, enhancing service quality and operational efficiency at stores.

These robot employees span multiple core offline retail scenarios, covering both front-end customer services and back-end merchandise management. Leveraging embodied intelligence technology, they further upgrade the offline consumption and operational model of JD-SW (09618.HK).
~

AASTOCKS Financial News
Website: www.aastocks.com

Copper prices sagged to a three-week low as escalating conflict in the Middle East boiled up market concerns over accelerating inflation, rising interest rates and a slowdown in economic growth.

Analysts at Everbright Futures said that the market expected the Federal Reserve to raise interest rates in wake of the intensified conflict, heaping pressure on base metal prices. Meanwhile, volatility in copper prices has kept Chinese buyers on the sideline ahead of the summer off-season.

On the London Metal Exchange, copper once dropped to USD13,378 per ton, the lowest level since May 20. Zinc dipped 1%, while aluminum added 0.5% after plunging 2.3% on Wednesday (10th).
~

AASTOCKS Financial News
Website: www.aastocks.com

The State Post Bureau announced that multiple production safety accidents have occurred since the beginning of this year at enterprises operating express delivery businesses using the "J&T EXPRESS" trademark, brand name and waybills.

Inspections have repeatedly identified potential production safety hazards at their premises. J&T Express Co., Ltd. (literal translation of "極兔速遞有限公司") was found to have deficiencies in safety production management over related J&T EXPRESS enterprises and failed to implement unified safety protection management as required.

The State Post Bureau therefore filed a case for investigation against J&T Express Co., Ltd. in accordance with the law.

J&T EXPRESS-W (01519.HK) last quoted at HKD8.01, down 8.87%, with a turnover of 33.2926 million shares, involving HKD277 million.
~

AASTOCKS Financial News
Website: www.aastocks.com

Pan Gongsheng, Governor of the People's Bank of China (PBOC), attended a high-level meeting jointly held by the PBOC and the Bank for International Settlements (BIS) from Tuesday to Wednesday (9th to 10th).

During the event, Pan stated that China’s financial market has maintained stable development with notable progress in opening up in recent years. Against the backdrop of multiple challenges facing the global economy, including geopolitical conflicts and protectionism, deepening diversification of the international monetary system, and heightened volatility in global financial markets, the depth and breadth of China’s financial market provide important diversified allocation opportunities for overseas institutional investors.

Heads of major domestic financial institutions, including ICBC (01398.HK), ABC (01288.HK), BANK OF CHINA (03988.HK), CCB (00939.HK) and BANKCOMM (03328.HK), attended the meeting. Representatives from foreign financial institutions including Citibank, DBS Bank, Goldman Sachs Group, Inc. (GS.US), JP Morgan Chase & Co. (JPM.US), Standard Chartered Bank and HSBC were also present.
~

AASTOCKS Financial News
Website: www.aastocks.com