Category: Flash News

On May 15th, banking institutions continued to issue technology innovation bonds (hereinafter referred to as “Sci Tech Innovation Bonds”) in large quantities, and bond funds are rapidly flowing into technology innovation enterprises. On May 16th, Shanghai Bank will soon issue the first batch of science and technology innovation bonds for 2025, with an issuance scale of 5 billion yuan. According to publicly available information on China Money Network, as of May 14th, 9 banks have issued announcements related to the issuance of the first phase of science and technology innovation bonds in 2025. Among them, 8 banks have completed their issuance, namely China Development Bank, Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of Communications, Industrial and Commercial Bank of China, Shanghai Pudong Development Bank, Hangzhou Bank, and Bohai Bank. The total issuance scale of the above-mentioned 9 banks’ sci-tech innovation bonds will reach 120 billion yuan. Multiple banks have stated that the raised funds will be precisely directed towards the field of technological innovation, providing financial support for the growth and expansion of technology innovation enterprises.

On May 15th, it was reported that since the beginning of this year, the scale of bond ETFs (exchange traded funds) has increased by 82.5 billion yuan, an increase of 47.5%. According to Wind Information data, as of May 14th, the total size of 29 bond ETFs in the market has reached 256.546 billion yuan. Sun Heng, Director of Morningstar (China) Fund Research Center, stated that the scale of bond ETFs has surged since the beginning of this year, and existing bond ETFs have continued to receive net inflows of funds, indicating that the market has a high recognition of them. They can play a role in stabilizing portfolio returns and reducing overall risks in asset allocation, providing investors with a relatively stable investment choice. (Securities Daily)

On May 15th, since 2025, the popularity of stocks on the Beijing Stock Exchange has continued. As of May 14th, the CSI 50 Index has risen nearly 37% this year, ranking first among the major indexes in the market. Against the backdrop of the gradual return of the small and micro style, the net value of several theme funds on the Beijing Stock Exchange has increased by over 50% this year. Industry insiders point out that companies on the Beijing Stock Exchange with growth attributes continue to receive funding attention and have become an important direction for thematic fund layout.

On May 15th, starting today, China’s reserve requirement ratio will be lowered by 0.5 percentage points, providing the market with long-term liquidity of about 1 trillion yuan. Since the announcement of a package of financial policies on May 7th, the market has witnessed the implementation of reserve requirement ratio cuts and interest rate cuts; The emergence of the “technology board” in the bond market and the issuance of technology innovation bonds; The establishment of 500 billion yuan service consumption and pension refinancing loans… The implementation of incremental financial policies has created a favorable financial environment for further stabilizing the market, stabilizing expectations, supporting economic recovery, and responding to internal and external uncertainties. (Shanghai Stock News)

On May 15th, Hengrui Pharmaceutical announced on the Hong Kong Stock Exchange that it plans to issue 224.5 million H-shares for listing in Hong Kong (depending on the exercise of the offering volume adjustment right and over allotment right), with an issue price not exceeding HKD 44.05 per share and not less than HKD 41.45 per share. It is expected to start trading on the Hong Kong Stock Exchange on May 23rd.

On May 15th, CoreWeave released its first performance report since its IPO in the United States. Revenue for the first quarter was 981.6 million US dollars. The net loss for the first quarter was 314.6 million US dollars, with an adjusted net loss of 149.6 million US dollars; The adjusted EBITDA profit margin for the first quarter is 62%; In the first quarter, there was a loss of $1.49 per share. The company’s stock price rose more than 6% after the US stock market closed.

On May 15th, Cisco’s third quarter revenue was $14.15 billion, with analysts expecting $14.05 billion. Expected annual revenue is 56.5-56.7 billion US dollars, compared to the company’s original estimate of 56-56.5 billion US dollars. It is expected that the adjusted EPS for the fourth quarter will be between 0.96-0.98 US dollars, with analysts expecting 0.95 US dollars. Maintain the quarterly dividend at 41 cents unchanged, in line with analysts’ expectations.

On May 15, US Secretary of State Rubio arrived in Türkiye to prepare for the possible talks between Ukraine and Russia. According to the news released by the US side on the 13th, US Secretary of State Rubio, US Special Envoy for the Middle East Witkov and Ukrainian Affairs Special Envoy Keith Kellogg will go to Istanbul, Türkiye to participate in the possible Russian Ukrainian negotiations. The US State Department stated on the 13th that the US believes the Russia Ukraine negotiations are a “key opportunity” to achieve peace.

On May 15th, Apple is developing a new feature for the Vision Pro headset that allows users to browse content through eye scrolling, aiming to further enhance the device’s interactive experience. According to insiders, this eye scrolling feature is currently being tested in VisionOS 3, the latest version of the upcoming Vision Pro headset operating system. Insiders say that Apple hopes to take the existing eye tracking hardware and software of Vision Pro to further enhance the system. Apple plans to launch the new Vision Pro operating system at its annual developer conference starting on June 9th.

On May 15, the US Department of Defense said on May 14 local time that the US State Department had approved the sale of missiles and related parts to Türkiye, with an estimated value of 304 million US dollars. The statement stated that the missiles approved for sale this time include the AIM-9X Sidewinder Block II missile and the AIM-120C-8 advanced medium range air-to-air missile.