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Real-time News
The Hang Seng Index closed up 13.13 points, or 0.05%, at 26,406.84 on Monday, May 11; the Hang Seng Tech Index closed up 3.61 points, or 0.07%, at 5,106.4; the H-share Index closed down 4.87 points, or 0.05%, at 8,884.2; and the Red Chip Index closed up 80.66 points, or 1.78%, at 4,623.83.On May 11, Indonesias Minister of Mining stated that Indonesia has postponed plans to further increase revenue from the mining sector, as authorities wish to delay implementation until an "ideal solution" that benefits both the government and mining companies is found. The Indonesian government had originally planned to increase royalties for some mining companies and impose export taxes on certain mineral products, including coal. Minister of Energy and Mineral Resources, Rahadalia, stated that the government is currently gathering feedback from mining companies to ensure that the final policies do not place an undue burden on the industry.On May 11th, the Guangzhou Municipal Artificial Intelligence Industry Development Office issued the "Key Points of Guangzhous Artificial Intelligence Industry Work in 2026." The document states that by the first half of 2026, an artificial intelligence industry investment fund will be established, targeted investment attraction along the industry chain will be implemented, and a dynamic management mechanism of "weak link list + targeted investment attraction plan" will be established. Policies and measures to support the development of artificial intelligence OPCs (one-person companies) will be formulated and implemented to stimulate the innovative potential of "super individuals" and strengthen new drivers for the citys future industrial development.On May 11, EU Enlargement Commissioner Marta Kos said on Monday that the EU may release the first tranche of its recently agreed €90 billion (approximately $105.8 billion) loan to Ukraine next week. Last month, the EU formally approved the €90 billion loan, which is expected to meet about two-thirds of Ukraines funding needs over the next two years. Kos told reporters in Brussels, "I hope that next week we can release the first tranche."On May 11th, the Guangzhou Municipal Artificial Intelligence Industry Development Office issued the "Key Points of Guangzhous Artificial Intelligence Industry Work in 2026." The document emphasizes accelerating the strengthening of industrial elements, particularly in intelligent computing power. It calls for standardizing the tiered development plan of "city data centers + park computing centers" in accordance with national and provincial policies, and optimizing construction standards for computing power projects. The document also stresses strengthening data supply by improving data circulation and trading mechanisms, deepening the authorized operation of public data resources, accelerating the creation of trustworthy data spaces for cities, industries, and enterprises, promoting the open sharing of data resources, driving the integration and application of multi-party data, and developing a number of high-quality multimodal datasets including text, images, audio, and video in key areas.
