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China's GDP is projected to grow by over 6 trillion yuan ($869.6 billion) by 2026, as stated by Zheng Shanjie, head of the National Development and Reform Commission (NDRC). The growth target of 4.5-5% for this year was announced during a conference involving multiple government agencies. Key topics included boosting domestic demand, promoting technological innovation, and enhancing foreign trade. The government plans to establish a national-level M&A fund to support innovation and stimulate consumption, with measures to expand the consumer market and stabilize foreign trade.

- China's GDP is projected to grow by over 6 trillion RMB (approximately $869.6 billion) in 2026, equivalent to that of a developed economy.  
- Five government agencies, including the NDRC and MOFCOM, held a meeting to discuss promoting domestic demand, technological innovation, and external trade health for 2026.  
- The emphasis was on driving consumption growth, reinforcing innovation with a national M&A fund, and balancing trade to support stable economic development amidst global uncertainties.

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03:02 ETGlobal Times: China has solid basis to achieve GDP goal: NDRC

As China prepares for the 2026 two sessions, it aims to showcase its whole-process people's democracy, emphasizing stability and long-term planning. The sessions will focus on high-quality development and policy reforms to ensure economic growth and social progress. Experts highlight the importance of these sessions in aligning government policies with public needs through participatory governance. The discussions will reflect China's approach to democratic governance, contrasting it with multiparty systems, and aim to demonstrate how the government addresses both immediate and long-term objectives effectively.

- The 2026 Two Sessions in China are expected to signal strong support for high-quality development and economic stability.  
- Jean Pegouret discusses the significance of these sessions in fostering comprehensive people's democracy and aligning policies with public needs.  
- This governance model facilitates citizen participation and ensures transparency, aiming for sustainable development through effective decision-making.

01:51 ETGlobal Times: Chinese democracy highlights advantages in stability and long-term planning

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China foreign minister, on Taiwan: historical trend of returning to China cannot be stopped

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NASDAQ Golden Dragon China Index

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E Fund MSCI China A50 Interconnection ETF

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China foreign minister, on Taiwan: historical trend of returning to China cannot be stopped

China foreign minister: China will not only be world's factory, will also play role in being a market for the world

China foreign minister: China will not only be world's factory, will also play role in being a market for the world

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China foreign minister: China strongly committed to supporting trade and investment, liberalisation and facilitation

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China foreign minister: China strongly committed to supporting trade and investment, liberalisation and facilitation

China foreign minister: China to continue to optimise exit-entry policy

China foreign minister: China to continue to optimise exit-entry policy

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Wang Yi: China is a key factor for peace and stability in the surrounding region. (CCTV News)

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Hong Kong's financial chief, Paul Chan Mo-po, stated that the city's economic growth forecast of 2.5% to 3.5% for the year remains unaffected by the ongoing Middle East war. While the trading sector may face challenges, the financial market is expected to benefit. Chan emphasized the importance of monitoring Sino-US relations and consolidating traditional markets while exploring new opportunities in Asia. He expressed confidence in achieving the upper growth target and highlighted the potential for mainland businesses to seek capital in Hong Kong amid geopolitical tensions.

- Hong Kong's economic growth forecast for the year remains at 2.5 to 3.5 percent, unaffected by the Middle East war, according to Financial Secretary Paul Chan Mo-po.  
- The war may increase operational costs for the trading sector, but it could benefit the financial market, particularly as Hong Kong's stock market is closely tied to the mainland Chinese economy.  
- Chan emphasized the need to consolidate traditional markets in the US and Europe while exploring new opportunities, particularly in Southeast Asia and Central Asia, to attract foreign investment.

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Hong Kong growth on track to hit target despite Middle East war: finance chief

Hong Kong's Financial Secretary, Paul Chan, stressed the need for vigilance and risk management amid global uncertainty. He emphasized contingency planning and market monitoring while seeking new opportunities. Chan highlighted efforts to attract companies from the Middle East and Southeast Asia to list in Hong Kong, viewing this as a long-term goal. He also noted that U.S. interest rates are unlikely to drop significantly soon, and while Hong Kong's rates will align with U.S. trends due to the peg, they may not need to follow closely if market liquidity is adequate.

CoinLive

Hong Kong's Financial Strategy Amid Global Uncertainty

Hong Kong has witnessed its third multi-million dollar cash robbery in three months, with two individuals robbed at knifepoint at Sheung Wan MTR Station after exchanging around HKD 10 million. Authorities are investigating these incidents to improve security measures and prevent future robberies.

Hong Kong Experiences Third Multi-Million Dollar Cash Robbery in Three Months

China plans to leverage artificial intelligence to generate employment opportunities as the country anticipates 12.7 million university graduates entering the labor market this year. Bloomberg posted on X, highlighting the government's strategy to integrate AI into various sectors to address the growing demand for jobs. This initiative is part of a broader effort to ensure economic stability and growth by adapting to technological advancements and the evolving job market. The focus on AI reflects China's commitment to innovation and its potential to transform the employment landscape.

China to Utilize AI for Job Creation Amid Rising Graduate Numbers

The Minister of Culture and Tourism, Sun Yeli, stated that China will continue to enhance the convenience of inbound tourism, including aspects such as visas, customs clearance, transportation, accommodation, dining, and sightseeing. He emphasized the need to strengthen the promotion of the national tourism image, share China's natural beauty, culture, and history, and establish the brand image of China Travel, China Shopping, and China Services

Ministry of Culture and Tourism: Will continue to enhance the facilitation level of the entire chain of inbound tourism

$Hang Seng Index(00HSI.HK)has evolved into a hybrid market that reflects China’s economic cycle more than Hong Kong’s domestic fundamentals. Its performance is increasingly driven by mainland policy follow-through, earnings durability in platform and financial stocks, and cross-border capital flows via Stock Connect. Valuation alone is no longer a catalyst; sustained upside depends on whether policy support translates into real profit recovery and renewed confidence from long-term global investors.

$XTALPI(02228.HK) The first to rise in the Hong Kong stock watch list! Push it up!

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The exchange rate of HKD against USD is rising rapidly. Will there still be big opportunities in Hong Kong stocks? $Hang Seng Index(00HSI.HK) $Hang Seng TECH Index(STECH.HK)

While the US stock market hovers under the shadow of tariffs, the Hong Kong stock market is experiencing a liquidity-driven structural frenzy. But is this 'Hong Kong stocks feast' the beginning of a trend revaluation, or a short-lived bubble induced by capital?From a macro perspective, the weak dollar cycle and the abundance of Hong Kong dollar liquidity are the core drivers of the Hong Kong stock market. In May, US tariff revenue surged to a peak of $22 billion, yet the CPI remained stable, coupled with the potential impact of immigration policies on the job market, the probability of a Fed rate cut in June-July is extremely low. The US stock market remains in a tug-of-war between 'chicken ribs market and downside risk.' In contrast, the Hong Kong dollar exchange rate has quickly slid from the strong-side guarantee to the weak-side edge, HIBOR rates are nearly zero, and the abundant liquidity is flooding into new consumption, innovative drugs, and A/H premium targets, driving both blue-chip dividend stocks and growth assets higher.However, the sustainability of the structural revaluation of Hong Kong stocks is highly dependent on the liquidity environment. The current extremely low level of HIBOR has deviated from the US benchmark interest rate. If the Fed's policy shifts or there are changes in the supply and demand of funds, a liquidity retreat could trigger a valuation correction. More critically, the structural premium of the same asset in Hong Kong stocks compared to A-shares lacks fundamental support. In a market dominated by southbound funds, caution is needed against the risk of valuation overshoot under 'capital frenzy.'In the short term, as long as the cost of borrowing in Hong Kong dollars remains low, there is still room for liquidity-driven revaluation to continue. However, in the long term, whether Hong Kong stocks can escape the 'capital market' dilemma depends on whether corporate earnings can take over liquidity as the anchor of valuation. Investors need to closely monitor changes in HIBOR rates and maintain sensitivity to risks amid the liquidity feast. $Hang Seng Index(00HSI.HK)

$Hang Seng Index(00HSI.HK)When the Hong Kong dollar triggers the strong-side convertibility undertaking, the Hong Kong government will be forced to issue Hong Kong dollars to buy US dollars (unless Hong Kong abandons the linked exchange rate system due to another crisis caused by excessive base money).Short-term may benefit the Hong Kong stock market.

On a weekly basis, the southbound capital flow in Hong Kong stocks was a net outflow in the past week. This is unusual, as it's the first time this has happened in at least over a year. $HSTECH ETF(03032.HK) $Hang Seng Index(00HSI.HK) $XIAOMI-W(01810.HK)

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Xiaomi HK SDR 2to1

Xiaomi Corporation

$XTALPI(02228.HK)$Hang Seng Index(00HSI.HK)This is a key macro indicator for Hong Kong stocks.

$Hang Seng Index(00HSI.HK) $XTALPI(02228.HK) Who should be blamed for these poor souls in Hong Kong stocks today? Sigh... damn it

During the 2018 trade war, Gao Shanwen gave a relatively well-known internal speech:Our generation has already made enough money, so young people should just wash up and go to sleep.As for the 2025 tariff war, what I want to say is: young people might not be able to sleep.$Hang Seng Index(00HSI.HK)$Hang Seng TECH Index(STECH.HK)$Invesco QQQ Trust(QQQ.US)$SPDR S&amp;P 500(SPY.US)

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Another day protected by southbound capital! At 13:30 in the afternoon, the southbound capital suddenly surged, and the intraday chart skyrocketed after a 10-minute delay (did you day trade during these 10 minutes? 😂).Unlike yesterday, the southbound capital first rose and then fell in the morning, showing overall weakness. By 13:30, the net purchase was only 1.5 billion. After the surge, the cumulative net purchase for the day reached 5.15 billion. Compared with yesterday, I'm more convinced that there is a will behind the southbound capital.$Hang Seng Index(00HSI.HK) $BABA-W(09988.HK) $TENCENT(00700.HK)

SG-HSI @EC2608A(26589.HK)

03:02 ETGlobal Times: China has solid basis to achieve GDP goal: NDRC

01:51 ETGlobal Times: Chinese democracy highlights advantages in stability and long-term planning

China foreign minister, on Taiwan: historical trend of returning to China cannot be stopped

China foreign minister: China will not only be world's factory, will also play role in being a market for the world

China foreign minister: China strongly committed to supporting trade and investment, liberalisation and facilitation