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Hua Hong Semiconductor (01347.HK): It expects its sales revenue for the second quarter of 2026 to be between US$690 million and US$700 million.On May 14th, the Peoples Bank of China released its April financial statistics report. Preliminary statistics show that the total social financing in the first four months of 2026 reached 15.45 trillion yuan, 893 billion yuan less than the same period last year. Specifically, RMB loans to the real economy increased by 8.5 trillion yuan, 1.29 trillion yuan less than the same period last year; foreign currency loans to the real economy increased by 103.6 billion yuan (equivalent to RMB), 213.4 billion yuan more than the same period last year; entrusted loans decreased by 94.1 billion yuan, a larger decrease of 99.4 billion yuan than the same period last year; trust loans increased by 300 million yuan, 45.1 billion yuan less than the same period last year; undiscounted bank acceptance bills increased by 51.3 billion yuan, 199.2 billion yuan less than the same period last year; net financing of corporate bonds reached 1.5 trillion yuan, 739.3 billion yuan more than the same period last year; net financing of government bonds reached 4.45 trillion yuan, 399 billion yuan less than the same period last year; and domestic equity financing of non-financial enterprises reached 200.8 billion yuan, 65.5 billion yuan more than the same period last year.May 14th - Since the beginning of this year, the national average rainfall has been 7% lower than the same period in normal years, with some areas experiencing 20-60% less rainfall, including western and southeastern Northeast China, western and northern North China, western and northeastern Northwest China, eastern and southern Huanghuai region, Jianghuai region, and most of South China. Water resources departments at all levels have fully utilized the digital twin water conservancy system and the joint scheduling system for river basin water projects to coordinate water demand across upstream and downstream areas, left and right banks, and main streams and tributaries. They have scientifically scheduled water projects to maximize water storage, utilize water during dry seasons, and ensure multi-source complementarity, precisely regulating the water volume and levels of rivers, lakes, and reservoirs to meet irrigation needs. Strengthening water conservation has effectively guaranteed water supply for spring farming and urban and rural water supply security. Currently, the country is gradually entering the flood season from south to north. The Ministry of Water Resources will continue to closely monitor rainfall and water conditions, strengthen forecasting and early warning, conduct rolling consultations and assessments, and coordinate the needs of various parties, including pre-flood drawdown of reservoirs, flood control during the flood season, urban and rural water supply, and agricultural irrigation. It will scientifically schedule key reservoirs in river basins to ensure flood control and water supply security.According to Hong Kong Stock Exchange filings, Standard Chartered Bank repurchased 801,239 shares on other exchanges on May 13, for a total amount of £15 million.On May 14th, in response to an investors question, "Given the significant increase in Ascend chip shipments, why hasnt the companys sales of thermal copper powder increased year-on-year? What is the current shipment volume?", GRINM Powder Materials stated on its interactive platform that the companys product sales depend on downstream market demand, and the shipment volume of the new thermal copper powder used in Ascend chips is currently relatively stable.

Silver Price Analysis: Bullish bias imperiled as $23.00 support is probed by XAG/USD bears

Alina Haynes

Mar 28, 2023 15:06

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The silver price (XAG/USD) accepts bids to renew intraday lows near $23.00 as bears prod short-term key support ahead of Tuesday's European session. In doing so, the precious metal penetrates the lower trend channel line from March 16.

 

Notably, the constant RSI (14) line converges with the 100-Hour Moving Average (HMA) to limit the short-term Silver price decline.

 

If the price breaches the $23.00 support and remains comfortably below the 100-HMA support encircling $22.95 then the XAG/USD bears could challenge the buyers' last line of defense at the $22.50 200-HMA level.

 

In the event that the Silver price remains adverse beyond $22.55, the market will focus on a two-week-long horizontal support area near $21.50.

 

In contrast, recovery advances require confirmation from $23.30 in order to challenge the monthly high of $23.52.

 

After that, the upper line of the previously mentioned bullish channel, which is close to $23.85, could limit the precious metal's further gains. It should be noted that the Silver price increase above $23.85 enables investors to challenge the February highs of around $24.65.

 

In conclusion, the price of silver is likely to fall further, even if the path to the south appears lengthy and rocky.