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Real-time News
Bernstein: Lowered its target price for Xiaomi Group (01810.HK) to HK$43, down from HK$46 previously.On May 6th, Shijiazhuang Pharmaceutical Group (02005.HK) announced that it has become the first company in China to receive approval for the production registration of its fat-soluble vitamin injection (I) (10ml). This product belongs to Class 3 chemical drugs and is considered to have passed the consistency evaluation. Simultaneously, it also received approval for the production registration of metformin hydrochloride tablets (0.5g and 0.25g) and doxazosin mesylate extended-release tablets (4mg), both belonging to Class 4 chemical drugs and considered to have passed the consistency evaluation. These approvals will further enrich the companys generic drug pipeline, enhance its market competitiveness in the specialty drug field, and provide new impetus for future revenue growth.On May 6th, it was reported that on April 29th, 2026, during the 9th Digital China Summit, the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) successfully held a sub-forum in Fuzhou themed "Digital Empowerment of Central Enterprises, Innovation Leading the Future" on enterprise digital transformation. Li Zhen, member of the SASAC Party Committee and Vice Chairman, attended the forum and delivered a speech. Li Zhen stated that the SASAC has thoroughly implemented the decisions and deployments of the CPC Central Committee and the State Council, adhering to policy-driven, organizational-promoted, demonstration-led, and collaborative approaches to deeply advance the digital transformation of central enterprises, achieving positive progress in promoting the digitalization of central enterprise industries and the digitalization of industries. In the future, the SASAC will organize a new round of special actions for digital and intelligent transformation, guide central enterprises in the tiered cultivation of smart factories, strengthen independent innovation in digital technologies, deepen the integration of the digital economy and the real economy, promote the transformation and upgrading of traditional industries, and accelerate the development of new quality productivity.May 6th - According to the National Immigration Administration, during this years May Day holiday, border inspection authorities nationwide handled 11.279 million inbound and outbound passengers, averaging 2.256 million passengers per day, a 3.5% increase compared to last years May Day holiday. The peak day for inbound and outbound clearance occurred on May 2nd, reaching 2.529 million passengers. Among them, 1.255 million were foreigners, a 12.5% increase compared to the same period last year; of the foreigners entering the country, 436,000 were eligible for visa-free entry, a 14.7% increase compared to the same period last year. A total of 531,000 inbound and outbound means of transport (ships, trains, vehicles) were inspected, a 16.6% increase compared to the same period last year.May 6th - Since the end of March, the Philadelphia Semiconductor Index has surged 54%, marking its best 25-day performance since March 2000. Ohsung Kwon, chief equity strategist at Wells Fargo Securities, stated that companies designing, manufacturing, or selling computer chips for high-intensity AI tasks are currently the biggest beneficiaries of large-scale AI infrastructure construction. "Thats the real bottleneck," he said. Kwon indicated that AI trading has entered a healthier cycle, with investors focusing more on monetizing the technology rather than capital expenditure. Last weeks earnings reports from tech giants like Amazon and Google reflected this shift in focus, with traders closely watching whether the massive investments in AI are truly yielding returns. Despite the ongoing AI hype, Wells Fargos sentiment indicator issued a "sell" signal for the first time since November 2021—suggesting that investors should build protective measures for their portfolios after the "sugar rush" in financial markets.
