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On May 26th, Honghui Fruits & Vegetables announced that its wholly-owned subsidiary, Shanghai Tenghui, has completed its capital increase and business registration change, raising its registered capital from 20 million yuan to 500 million yuan. As the acquiring entity, Shanghai Tenghui paid the first installment of 210 million yuan (30%) for the share transfer of Shimei Pharmaceutical on May 19th. Shimei Pharmaceuticals shareholder register was changed, with Shanghai Tenghui holding 41.128% of the shares. Share pledge registration was completed on May 21st, and the second installment of 140 million yuan (20%) was paid on May 22nd. Upon completion of the restructuring and appointment procedures, the company will achieve substantive management and consolidated financial control of Shimei Pharmaceutical.On May 26th, Ingenic Semiconductor (03696.HK) announced that, based on the Hang Seng Indexes Companys index review results for the first quarter of 2026, the company will be included in the Hang Seng Biotechnology Index. This inclusion will be implemented after the market closes on June 5, 2026, and will take effect on June 8, 2026. The Hang Seng Biotechnology Index aims to reflect the overall performance of the 30 largest biotechnology companies listed in Hong Kong and eligible for the Stock Connect program. The Board believes that this inclusion fully reflects the capital markets recognition and confidence in the companys long-term development potential, and will help broaden the investor base and improve trading liquidity.On May 26th, Miniso (09896.HK) announced that for the three months ended March 31, 2026, the Groups revenue was RMB 5.688 billion, a year-on-year increase of 28.5%; net profit was RMB 1.248 billion, a year-on-year increase of 199.7%. Operating profit was RMB 1.521 billion, a year-on-year increase of 114.3%, with an operating profit margin of 26.7%. The total number of stores reached 8,565, a net increase of 797 stores year-on-year, including 8,210 Miniso brand stores and 355 TOPTOY brand stores.According to Nikkei Asia: European Central Bank Chief Economist Lane said there is no need to correct market speculation about a June rate hike.On May 26, the State Council Information Office held a regular policy briefing to introduce the "Implementation Opinions on Promoting the Provision of Basic Public Services in Places of Residence" and answer questions from reporters. Zhang Lixin, Director of the Planning and Finance Department of the Ministry of Human Resources and Social Security, stated that regarding employment assistance, eligible permanent residents will be promptly identified as having employment difficulties in accordance with regulations. Targeted job assistance will be provided to zero-employment households to ensure that zero-employment households are dynamically cleared.

BTC Fear & Greed Index Falls Despite BTC Avoiding Sub-$16,000

Jimmy Khan

Nov 24, 2022 15:40

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Bitcoin (BTC) increased by 2.44% on Wednesday. BTC finished the day at $16,613 after rising by 2.87% on Tuesday. For the first time in three sessions, BTC avoided trading below $16,000.


BTC dropped to a low of $16,168 early in the morning following a mixed day's start. BTC surged to a late high of $16,682, avoiding the First Major Support Level (S1) at $15,791. At $16,469, the First Major Resistance Level (R1) was breached by BTC, which ultimately closed the day at $16,613.


On Wednesday, FTX contagion risk decreased even further, supporting the cryptocurrency market desperately needed. Former FTX CEO Sam Bankman-Fried boosted investor hopes after learning that the company had cash reserves of $1.24 billion.


Bankman-Fried wrote in a letter to the staff, "Perhaps there still remains a chance to preserve the company. I think there are many billions of dollars in sincere interest from new investors that could be used to compensate customers. But since I have no control over it, I can't guarantee you anything.


The letter came after news that Justin Sun of Tron and Brad Garlinghouse of Ripple were interested in buying FTX assets. Investors are hopeful that the collapse of FTX will have a minimal effect on creditors given the stated cash holding of $1.24 billion.


The FOMC meeting minutes provided more assistance for the cryptocurrency market overnight. Before the holidays, talk of letting up on the gas helped riskier assets, with the NASDAQ Composite Index increasing by 0.99%. The US economic data underwhelmed, though, restricting the NASDAQ's potential growth.


Since the US markets are closed for Thanksgiving, there are no US statistics to take into account today.