Category: Flash News

On May 16th, Luo Wen, the director of the State Administration for Market Regulation, pointed out in a document that currently, the vicious competition of “involution” undermines the fair competition order in the market, distorts resource allocation and price signals, and becomes an obstacle for enterprises to innovate and develop, and climb to the high end of the value chain. We must deeply recognize that the comprehensive rectification of “internal competition” is a systematic project. We must adhere to systematic policies, strengthen the collaborative governance of the government, enterprises, and industry associations, improve long-term mechanisms, fully stimulate the endogenous power and innovation vitality of various business entities, promote the better combination of effective markets and proactive governments, and form an economic order that is both “flexible” and “manageable”.

On May 16th, the Federal Aviation Administration (FAA) of the United States approved modifications to SpaceX’s Starship 9 mission license, including allowing SpaceX to increase the number of starship launches that can be carried out annually from 5 to a maximum of 25 at its Boca Chica base in Texas.

① Hang Seng Index Company announces the results of its review of the Hang Seng Index series; ② 13:30 French first quarter ILO unemployment rate; ③ 17:00 Eurozone March quarterly adjusted trade account; ④ At 20:30, the annualized total number of new housing starts in April in the United States, the total number of construction permits in April, and the monthly import price index rate in April; ⑤ At 22:00, the initial expectations for the one-year inflation rate in the United States for May and the initial values for the University of Michigan Consumer Confidence Index for May; ⑥ The next day at 01:00, the total oil drilling volume for the week of May 16th in the United States.

On May 16th, Third Point, a hedge fund under Daniel Loeb, cleared all its holdings in electric car manufacturer Tesla and social media giant Meta Platforms Inc. in the first quarter, and also reduced its holdings in Amazon by more than 1 million shares, bringing its total holdings to 2.35 million shares. However, the hedge fund increased its holdings in artificial intelligence chip manufacturer NVIDIA and also increased its holdings in stocks such as Apollo, Pacific Power, US Steel, and AT&T. In its investment portfolio, the top five in proportion are Pacific Power, Amazon, TSMC ADR, Live Nation, and Telephone&Data.

On May 16th, a 13F report showed that Duquesne Family Office LLC., a subsidiary of Stanley Druckenmiller, built long positions in the first quarter in DocuSign, CCC Intelligent Solutions, EQT, and Caesar Entertainment Twilio。 Clearing SLM, US Steel, Warner Bros. Exploration, Vistra, etc. Increase holdings in Flutter, TSMC Insmed、 Tiwa Pharmaceutical and Eli Lilly Pharmaceutical. Reduce holdings in related companies such as COHR and Seagate Technology Natera、 United Airlines, Amazon. The top five companies in the investment portfolio are Natera, Tiwa Pharmaceuticals, Korean e-commerce company Coupang, Woodward, and Philip Morris.

On May 16th, a 13F report showed that Soros’ investment fund heavily invested in satellite manufacturer AST SpaceMobile Inc. (a competitor to SpaceX) and Nvidia, while selling shares in the rapidly advancing AMD and other large technology companies. The fund company also disclosed new investments in JPMorgan Chase and Bitcoin miner Cipher Mining Inc.

On May 16th, in a key match of the 36th round of the 2024-25 Spanish La Liga, Barcelona Football Club defeated their regional opponent Espanyol 2-0 away with a goal from Yamal and Firmin in the second half, securing the championship of the 2024-25 La Liga two rounds ahead of schedule. This is the 28th time in Barcelona’s history that they have won the La Liga championship. This season, Barcelona has already won three championship trophies: La Liga, Spanish Super Cup, and Spanish King’s Cup.

On May 16th, HHLR Advisors, an independent fund management platform under Hillhouse that focuses on secondary market investments, released its US stock holdings data as of the end of the first quarter of 2025. According to the 13F file, the total market value of HHLR’s holdings in the first quarter increased from $2.887 billion at the end of the previous quarter to $3.539 billion, an increase of nearly 23%. Data shows that in the first quarter, HHLR continued to increase its asset allocation in China, entering and increasing its holdings of nearly 20 Chinese concept stocks, including 10 newly acquired companies such as Yaduo Group, Huazhu Group, Baidu, Yuchai International, Ideal Automobile, Boss Zhipin, and Yikatong Technology, as well as 8 newly acquired companies such as Futu Holdings, Pinduoduo, NetEase, Beike, JD.com, Ctrip, and Zhongtong Express. As of the end of the first quarter of 2025, the top ten heavy holdings of HHLR are: Pinduoduo, Alibaba, Futu Holdings, BeiGene, NetEase, Beike, Legendary Biotech, JD.com, Vipshop WNS HLDGS LTD， Chinese concept stocks hold 9 seats. HHLR reduced its holdings in companies such as Alibaba and BeiGene in the first quarter.

On May 16, according to the report of the United Nations Office for the Coordination of Humanitarian Affairs on the 15th, the armed conflict in the Gaza Strip continued to escalate, causing more civilian deaths and displacement, as well as serious damage to infrastructure. The Israeli military issued three new evacuation orders from the 14th to the 15th, affecting about 7% of the Gaza Strip and approximately 100000 people. Some evacuation orders overlapped with previous orders, resulting in the impact of 30 displaced person shelters, 6 temporary teaching sites, and multiple water and sanitation facilities. Currently, about 71% of the area in Gaza has been designated as an evacuation zone or military control zone, seriously hindering humanitarian rescue operations. Currently, there are still about 9000 trucks carrying humanitarian supplies stranded at the border. The United Nations urges the immediate opening of aid channels to prevent further escalation of humanitarian disasters.

On May 16th, Soros Capital Management LLC’s 13F report showed that the hedge fund, founded by Robert Soros, son of George Soros, restructured its Chinese assets in the first quarter. The newly established positions include Alibaba, Yum China, and iShares Anshuo China Large Cap ETF (FXI), with FXI, Yum China, and Alibaba ranking 5th, 7th, and 8th respectively.