Inflation Rate MoM for May in China is -0.1%, lower than the previous value of 0.3%. The forecast was -0.2%.~



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PPI YoY for May in China is 3.9%, higher than the previous value of 2.8%. The forecast was 3.9%.~



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Inflation Rate YoY for May in China is 1.2%, unchanged from its last period. The forecast was 1.3%.~



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The Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) earlier issued a circular introducing additional measures concerning Mainland Chinese Visitor (MCV) opening investment accounts with Hong Kong brokers and banks.

In response, an SFC spokesperson stated that Hong Kong licensed corporations may continue to open new accounts for Mainland Chinese investors, provided that all account opening requirements are met, including compliance with Know Your Client (KYC) and customer due diligence requirements, as well as obtaining the necessary declarations and completing the designation of bank accounts.

The spokesperson added that Hong Kong licensed corporations may continue to provide services to existing Mainland Chinese clients, on the condition that such services are not provided within Mainland China and that all relevant laws and regulatory requirements in Hong Kong and applicable jurisdictions have been complied with.

The SFC noted that a joint notice issued by Mainland Chinese authorities on May 22 also applies to relevant activities conducted by financial institutions in other jurisdictions (i.e., not limited to Hong Kong) when providing services to Mainland Chinese investors.
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BYD COMPANY (01211.HK) noted that the U.S. Department of Defense published the Notice of Availability of Designation of Chinese Military Companies. Pursuant to the Notice, the U.S. Department of Defense has included the Company into the list of Chinese Military Companies (CMC List).

As the Group is neither a Chinese military company nor a military-civil fusion contributor to the Chinese defense industrial base, the Company considers that there is no justification for the Company’s inclusion in the CMC List.

The CMC List is not a sanctions list and inclusion in the CMC List will not affect the normal business operations of the Group and will not prohibit any persons (other than the U.S. Department of Defense) from business dealings with the Group. The U.S. government procurement limitations tied to the CMC List will not impact the business of the Company, and the CMC List does not restrict transacting in the securities of the Company.

Should the Company subsequently initiate review procedures or, where necessary, undertake legal proceedings to seek the removal of the Company from the CMC List, the Company will make further announcement(s) as and when appropriate.
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There was HKD1.8 billion, HKD1.2 billion and HKD887.7 million Southbound Trading net inflow to KINGBOARD HLDG (00148.HK), KB LAMINATES (01888.HK) and TENCENT (00700.HK).

There was HKD11.4 billion and HKD51.8 million Southbound Trading net outflow from TRACKER FUND (02800.HK) and BABA-W (09988.HK).

For Southbound Trading of Shanghai-Hong Kong Stock Connect, TENCENT (00700.HK) was the most active stock with highest net inflow of HKD1 billion, while TRACKER FUND (02800.HK) was the most active stock with highest net outflow of HKD6.7 billion.

For Southbound Trading of Shenzhen-Hong Kong Stock Connect, KINGBOARD HLDG (00148.HK) was the most active stock with highest net inflow of HKD1.1 billion, while TRACKER FUND (02800.HK) was the most active stock with highest net outflow of HKD4.7 billion.

At close, Southbound Trading net outflow totaled HKD0 , representing 41.99% of the total transaction amount of HKD129.72 billion.
~




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AgiBot issued an open letter to all developer partners, announcing the launch of its ecosystem development plan and pledging to invest up to RMB2 billion in dedicated funds over the next five years.

More than RMB100 million will be invested this year to empower AIMA (AI Machine Architecture) developers. The funds will comprehensively cover four core areas: scientific research and innovation, talent development, partner expansion, and community operations.

AgiBot aims to leverage the continuously iterated AIMA system together with the dedicated funding to ultimately realize its grand ecosystem vision of covering thousands of research institutions, connecting with tens of thousands of ecosystem partners, nurturing hundreds of thousands of developers, and reaching millions of end users.
~

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Regarding the view that BYD COMPANY (01211.HK)’s share price and market capitalization are undervalued, Chairman and President Wang Chuanfu said he fully understands shareholders’ concerns about the share price and believes they should have confidence in BYD COMPANY and pursue value investment.

He noted that the biggest bottleneck to BYD COMPANY’s current sales is the production ramp-up of its second-generation Blade Battery, with the company working around the clock to tackle the challenge.

Sales in 2026 will hinge on battery output. After battery capacity is radically released in 2027, both domestic and international markets will expand simultaneously, and sales are anticipated to see humungous growth.
~

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Spot USD/CNY added 142 bps to close at 6.7702 today (9th). As of 4:53 pm, USD/CNY in the night session hiked 135 bps. USD/CNH climbed 116 bps to 6.7700, 2 bps above USD/CNY.
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MEITU (01357.HK) announced that it will hold the 2026 Meitu Imaging Festival in Xiamen next Wednesday (17th), under the theme "Your AI Imaging Team Is Ready". The official poster suggested that eight products will be unveiled and upgraded at the event.

Currently, several of MEITU’s key products, including Wink, Meitu Design Studio, Kaipai and RoboNeo, were launched from previous Imaging Festival events.
~

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Xi Jinping, General Secretary of the Communist Party of China Central Committee and President of China, returned to Beijing this afternoon (9th) after successfully concluding a state visit to North Korea.

Xi, along with Peng Liyuan, the spouse of the President, Cai Qi, Member of the Standing Committee of the Political Bureau of the CPC Central Committee and Director of the General Office of the CPC Central Committee, and Wang Yi, Member of the Political Bureau of the CPC Central Committee and Minister of Foreign Affairs, traveled on the same flight back to Beijing.
~

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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.

In a macro environment where interest rates have peaked and correlations among traditional assets have broken down, investors can no longer rely on passively holding cash, James Wey, Head of International Wealth Management at KGI, stated. The firm therefore maintained its "LEAD" strategy, namely "Liquidity Shift", "Earnings Focused", "Adding Credit", and "Diversified Assets".

Cusson Leung, Chief Investment Officer of International Wealth Management at KGI, said that, looking ahead to 2H26, China economy is expected to bottom out and stabilize, with the focus shifting from "high growth" to "high visibility". On the back of easing deflation and accommodative policies, he suggested capturing four major opportunities.

First, volatility triggered by trade negotiations presents long-term accumulation opportunities. Second, realization of AI dividends should be accelerated, and large-model giants and robotics companies were favored. Third, the "involution" photovoltaic sector should be shunned and instead wind power and leading lithium battery makers should be deployed. Fourth, narrowing NIM pressure for large state-owned banks highlights their defensive and income-generating value. In summary, "technological innovation" and "green energy" should serve as dual growth engines, with "stable financials" as a defensive cornerstone to achieve steady gains amid market volatility.

KGI maintained its forecast of 30,000 points for the HSI, and recommended CHINAHONGQIAO (01378.HK), SINO LAND (00083.HK), AKESO (09926.HK), COSCO SHIP HOLD (01919.HK), TENCENT (00700.HK), BABA-W (09988.HK), UBTECH ROBOTICS (09880.HK), GOLDWIND (02208.HK), CATL (03750.HK), CCB (00939.HK) and BANK OF CHINA (03988.HK).
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Alibaba Cloud issued a notice on adjustments to the tiered pricing for its annual and monthly subscription packages of DMS Security Collaboration.

Among them, the price for 1-10 instances of the Security Collaboration package remains unchanged, and the prices for Stable Change Management and Sensitive Data Protection also remain unchanged, at RMB256 per instance per month.

For the 11-50 instance tier, the fee per instance per month has been increased from RMB125-RMB153 to RMB233. For the 51-100 instance tier, the fee per instance per month has been raised from RMB102-RMB122 to RMB212.

For the 101-999 instance tier, the fee per instance per month has been increased from RMB76-RMB102 to RMB193. For 1,000 or more instances, the fee per instance per month has been elevated from RMB60-RMB76 to RMB100.
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The automotive industry's overseas expansion momentum has been strong this year, Wang Chuanfu, Chairman and President of BYD COMPANY (01211.HK), remarked at the shareholders' meeting.

Chinese automakers represented by BYD COMPANY have entered a promising development phase, with product competitiveness, pricing, technology and user experience surpassing many local peers. Ultimately, product strength will be reflected through data and real growth.

He revealed that the company's overseas sales this year are expected to top the original annual target of 1.6 million vehicles. As for next year, a number of new technologies will be launched, along with more breakthrough innovations. Issues such as premiumization and per-vehicle profit are expected to be resolved.

Looking ahead to the next three to five years, Wang believes BYD COMPANY will maintain sustained growth. With the support of the second-generation Blade Battery, flash charging technology, and new technologies to be launched in the coming two years, the company is expected to achieve dual-engine growth in both domestic and foreign markets, forming a virtuous cycle and bringing Chinese technology to the global stage.

He also projected that by 2030 BYD COMPANY will achieve humongous growth, and in five years it will become truly the world's champion in terms of scale.
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Wang Chuanfu, Chairman and President of BYD COMPANY (01211.HK), stated that the company’s sales this year will depend on battery production capacity. As battery capacity increases, he believes the company will achieve strong output this year.

Even greater production volume is expected next year. Once capacity ramp-up is completed next year, he expects both domestic and foreign markets to expand simultaneously.

He added that the second-generation Blade Battery and fast-charging technology have addressed a major hiccup in electrification and received high recognition at home and abroad.

However, current production capacity remains insufficient and is increasing at a monthly increment of 20,000-30,000. The company is working around the clock to meet the challenge.

At the same time, it will focus on its battery division, allocate resources accordingly, and fully unlock the production potential of the Blade Battery.
~

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BABA-W (09988.HK) stated that it has noted the U.S. Department of Defense has included Alibaba Group into the list of Chinese Military Companies (CMC List). The U.S. Department of Defense is prohibited from procuring, directly or indirectly, goods, services or technology from entities on the CMC List.

The Company believes that its inclusion in the CMC List is a mistake. There is no basis to conclude that Alibaba Group should be placed on the CMC List. Alibaba Group is not a Chinese military company nor part of any military-civil fusion strategy. The Company will take all available legal action against attempts to misrepresent the Company.

Inclusion in the CMC List will not affect the Group’s ability to conduct business as usual in the United States or anywhere in the world because the Group does not do business related to U.S. military procurement. The CMC List does not impose any other export controls or sanctions, nor does it prohibit any persons (other than the U.S. Department of Defense) from business dealings with the Group or transacting in the securities of the Company.
~

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NIO-SW (09866.HK) stated that the Company noted that the U.S. Department of Defense has added the Company to its “Chinese military companies” list (CMC List).

The Company believes its inclusion on the CMC List is not justified as it is not a Chinese military company or a military-civil fusion contributor to the Chinese defense industrial base.

The CMC List is not a sanctions list. The U.S. government procurement limitations tied to the list will not impact the business of the Company, and the CMC List does not restrict transacting in the securities of the Company.

The Company will proactively engage with the U.S. Department of Defense to correct this inclusion on the CMC List, including taking legal actions if necessary, to protect the interests of the Company and its shareholders as a whole.
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BIDU-SW (09888.HK) announced that the Company became aware that the U.S. Department of Defense has published a Notice, Designation of Chinese Military Companies, and pursuant to the Notice, the Deputy Secretary of Defense has included the Company on the Department of Defense’s list of Chinese Military
Companies (CMC List).

As the Company is neither a Chinese military company nor a military-civil fusion contributor to the Chinese defense industrial base, the Company believes that there is no justification for the Company’s inclusion on such list.

Baidu said that the CMC List is not a sanctions list. The U.S. government procurement limitations tied to the list will not impact the business of the Company, and the CMC List does not restrict transacting in the securities of the Company.
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WeChat is conducting phased testing of a Moments search function for selected iOS and Android users, allowing users to search Moments posts published by themselves and their friends, Chinese media reported.

Tencent customer service said that the feature has been gradually rolled out in recent version updates of WeChat. The phased testing for iOS and Android clients is still ongoing.
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