CHINA MARKET WIRE

Apple Launches Major iPhone 17 Series Discounts Across E-Commerce Platforms Ahead of 618 Shopping Festival

Regulatory ShiftsChina Lowers Breeding Sow Retention Target to Keep Hog Prices at Reasonable Levels

China’s Core City Land Supply Shifts to “Small but Premium” Residential Plots, Private Developers Increase Participation

China Seen Focusing on Ensuring Thermal Coal Supply Sufficiency Again

Regulatory ShiftsSichuan Expands Drone-Friendly Airspace, Spanning Over 80% of Province

Market TrendsChina’s Tech-Heavy ChiNext Index Hits New High, Surging 166% Since “924” Rally

ShippingAnother Chinese Supertanker Passes Through Strait of Hormuz, UAE Launches Ship-to-Ship Oil Transfers

Sector PerformanceChina’s Auto Price Wars Undermine Consumer Confidence, Market Returns to Brand Competition, Shows Survey

Market HighlightsPop Mart Falls Despite Q1 Growth, Labubu-Driven Overseas Expansion Shows Signs of Cooling

Regulatory ShiftsHKEX Tightens Rules on Auditor Switching, Returns Appointment Power to Shareholders

Market HighlightsAI Drug Firm METiS TechBio Surges 170% on Debut, Marking Hong Kong’s Largest Healthcare IPO This Year

Sector PerformanceChinese Carrier Further Raises Fuel Surcharges to Near Record Amid Elevated Fuel Costs

Sector PerformanceChina’s Lithium Carbonate Futures Top 200,000 Yuan/Ton Amid Solid Demand and Tight Supply

Market TrendsChinese A-Shares Maintains Strong Performance, Global Investors Increasingly See Chinese Assets as “Safe Haven”

Tencent’s Acquisition of Ximalaya Approved with Regulatory Conditions to Safeguard Market Competition