Zhitong Hong Kong stocks have known for a long time | Hong Kong will issue a second digital asset development policy declaration, Shenzhen is expected to pilot the second listing of red chip stocks

[Today's headlines]

Hong Kong Finance Department: Market demand for stablecoins is expected to increase further, and the HKMA will process license applications as soon as the relevant regulations come into effect

Hong Kong's Financial Secretary, Mr Chan Mao-po, said that the “Stablecoin Ordinance” has been passed by the Legislative Council to establish a licensing system for stablecoin issuers and will come into effect on August 1, which has become one of the focus of recent market attention. According to estimates, the total market value of global stablecoins is about 240 billion US dollars, while the global stablecoin trading volume last year exceeded 20 trillion US dollars. With the booming development of the digital asset market, market demand for stablecoins is expected to increase further. Currently, many market participants are very interested in it. After the ordinance comes into effect, the Hong Kong Monetary Authority will process the licence applications received as soon as possible to allow eligible applicants to conduct their business.

Hong Kong is steadily promoting stablecoin development, providing a new paradigm for the global stablecoin market. It also reflects the functions of Hong Kong's “firewall” and “testing ground”, and provides experience and reference for the country's financial development. According to the requirements, in addition to meeting a series of risk management and anti-money laundering requirements, issuers must also put forward specific commercial justification, such as application scenarios, explaining how their stablecoin business can realistically solve pain points in economic activity, keep abreast of financial innovation to serve the real economy, and promote the sustainable development of the industry.

Hong Kong to issue second digital asset development policy declaration

The Financial Secretary of the Hong Kong Special Administrative Region Government, Chan Mao-po, said that Hong Kong has made great strides in digital finance, green finance and the offshore RMB market. Since the HKSAR Government issued its first policy declaration on the development of the digital asset market at the end of 2022, the development of the relevant market in Hong Kong has accelerated markedly, and many related enterprises have been brought together to settle and expand in Hong Kong. In response to the latest developments and changes in the situation, the HKSAR Government will soon issue a second policy declaration on the development of digital assets, explaining the next policy vision and direction. A series of specific measures include better integrating the advantages of traditional financial services with technological innovation in the digital asset field, improving the safety and flexibility of digital asset activities in the real economy, and encouraging local and international enterprises to explore the innovation and application of digital asset technology.

[General outlook]

COMEX gold futures rose 1.47% to $3452.3 per ounce

Overnight, the US stock Dow fell 769.83 points, or 1.79%, to 42197.79 points; the NASDAQ fell 255.66 points, or 1.30%, to 19406.83 points; the S&P 500 index fell 68.29 points, or 1.13%, to 5976.97 points. The energy and defense sectors maintained their gains. Houston Energy (HUSA.US) rose more than 119%, US Energy (USEG.US) rose 55.63%, and Lockheed Martin (LMT.US) rose 3.66%. Tesla (TSLA.US) rose 1.94%. The stock price of Circle, the “first stablecoin stock,” rose more than 25% on Friday. The Hang Seng Index ADR declined. On a pro rata basis, it closed at 23773.50 points, down 119.06 points or 0.50% from the Hong Kong closing.

COMEX gold futures rose 1.47% to $34,52.3 per ounce, with a cumulative increase of 3.18% last week.

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China successfully achieved yttrium-90 production for commercial reactors

CNNC announced on June 15 that yttrium-90 glass microspheres irradiated by the Qinshan Nuclear Power Plant “Hefu 1” have been successfully removed from the pile and passed relevant tests, indicating that China has successfully mastered the technology for commercial reactors to produce yttrium-90, which can be mass-produced. According to reports, yttrium-90 microspheres are known as “precision nuclear weapons” in the field of interventional treatment of liver cancer. They accurately destroy the characteristics of tumor cells by emitting beta rays, and are becoming an important internationally commonly used treatment for middle to advanced liver cancer. Compared with conventional extracorporeal radiation therapy, yttrium-90 microsphere interventional therapy has the advantages of higher radiation dose, smaller radiation range, and more accurate effects, reducing damage to normal human tissue. It involves the nuclear drug sector, including Yuanda Pharmaceutical (00512) and China Tongpu (01763).

In 2025, a campaign for new energy vehicles to go to the countryside will be launched

On the morning of June 15, the 2025 NEV rural event organized by five departments of the Ministry of Industry and Information Technology, the National Development and Reform Commission, the Ministry of Agriculture and Rural Affairs, the Ministry of Commerce, and the National Energy Administration was launched in Rugao, Jiangsu. The reporter learned from the Ministry of Industry and Information Technology that in 2025, the number of models shortlisted for new energy vehicles going to the countryside increased markedly compared to previous years. For the first time, it surpassed 100 models, reaching 124 models, covering everything from mini cars to luxury cars, to meet the diverse needs of consumers.

Furthermore, this year, NEVs will select a number of typical county cities with a low promotion ratio of new energy vehicles and high market potential, and hold a number of special events, focusing on surrounding townships. At the same time, synergy effects have been formed with pilot projects to repair shortcomings in county charging and switching facilities and the “vehicle-road cloud integration” pilot for intelligent connected vehicles, etc., to promote high-quality resources in favor of rural areas. Relevant officials from the Ministry of Industry and Information Technology said that when new energy vehicles go to the countryside this year, market players in the fields of production, sales, finance, charging and exchange, and after-sales service of various types of new energy vehicles are also encouraged to participate and combine “trade-in” policies to customize an integrated promotion plan of “car purchase preference+energy use support+service guarantee” for consumers.

Shenzhen is expected to pilot the second listing of red chip stocks. The relevant listing rules are being formulated

On June 15, the Shenzhen People's Democratic Revolution official Weiwei published an article on He Jie, chairman of the Shenzhen Municipal Committee of the People's Democratic Revolution, discussing the new mission of Shenzhen's comprehensive reform. He Jie said that it is reported that relevant departments in Shenzhen are formulating relevant listing rules and are expected to pilot the second listing of red chip stocks, which will provide a more convenient and efficient listing channel for science and innovation enterprises. He Jie said that the blueprint for comprehensive reform “2.0” has already been drawn up, and the key is to implement it well. Many reforms are still a framework and directional deployment, and need to be combined with practical requirements, in particular to achieve an organic combination of “top-level design and local initiative”.

Will Saudi Arabia launch a self-operated model? JD Logistics (02618) Response

The launch of JD and Saudi Arabia may usher in key developments. On June 15, JD Logistics posted a poster on an overseas social media account. In the picture, a courier box with Arabic characters was flying over Saudi Arabia, which once again attracted attention from the outside world. According to market sources close to JD Logistics, JD Logistics will adopt a different operating model from local logistics companies in Saudi Arabia — a self-operated model. If the news is true, this will be the first self-operated logistics network established by the JD Group overseas, as well as the first self-operated logistics supply chain network established by a Chinese Internet company overseas. In response, JD Logistics said that no matter when and where, the user-centered concept will not change.

Bubble Mart (09992)'s jewelry brand popop opens its first official store in Beijing

On June 15, Bubble Mart announced that the first official POPOP store in Beijing opened its doors on June 14 at the Beijing International Trade Mall. According to information, “popop” is an independent jewelry brand owned by Bubble Mart.

Hisense (00921) provides screen support for Club World Cup VARs

On June 15, the 2025 Club World Cup kicks off in the US. According to supply chain sources, Hisense is the first official partner for the Club World Cup VAR display, providing screen support for VAR technology around the Club World Cup stadium and in the VAR referee room. The newly upgraded FIFA Club World Cup kicks off at Hard Rock Stadium in Miami, USA. 32 of the world's top teams will compete fiercely for the “World No. 1” club. As the world's first official partner for the 2025 FIFA Club World Cup, Hisense not only helps video assistant referees make accurate punishments, but also directly puts out the slogan “100'TV Global No.1” on the field fence.

According to Omdia data, in the first quarter of 2025, Hisense's share of global shipments of 100-inch TVs reached 56.71%, and Hisense's share of global shipments of 100-inch TVs and above reached 56.69%, ranking first in the world. This means that for every two 100-inch TVs sold around the world, one is Hisense.

Zijin Mining (02899): Affected by the flooding incident, the 2025 mining copper production plan guidelines for the Kamoa-Kakura copper mine will be lowered to 37-420,000 tons

According to the Zhitong Finance App, Zijin Mining (02899) issued an announcement. On May 23, 2025, the company announced that several consecutive mining earthquakes have occurred in the Kakura section of its Kamoa-Kakura copper mine, and that some underground mining operations have been suspended.

[Individual stock prices are clear]

CNOOC (00883): Oil prices have entered a stage of high volatility

According to the Huatai Securities Research Report, on June 13, Israel launched air strikes on dozens of Iran's nuclear facilities and military targets. Geographic tension in the Middle East intensified, and potential risks of falling crude oil supply in related regions became apparent. Combined with the increase in actual OPEC+ supply from April to May, which was lower than the target increase, and the traditional peak demand season in the northern hemisphere is approaching, oil prices rebounded sharply. On June 13, WTI and Brent crude oil futures prices closed at 72.98 and 74.23 US dollars/barrel respectively, up 16.7% and 14.9% from the beginning of the month.

Huatai Securities believes that Iran's crude oil production and exports may decline in the short term, and oil prices will enter a stage of high volatility. The Strait of Hormuz concerns the common core interests of Saudi Arabia and other Middle Eastern oil producers, and the risk of transportation obstruction needs to be further assessed. The increase in global oil demand continues to be impacted by electricity and gas, supply-side oil-producing countries are weakening, and emerging supply forces are rising. It is expected that the oil price center will continue to decline from 2025 to 2027. Based on marginal costs and a new round of rebalancing based on the supply-side's demand for “benefits over quantity”, the oil price center will still be above $60 per barrel.

J.P. Morgan said that the probability of the “worst case scenario” of the blockade of the Strait of Hormuz will rise from 7% to 17% in one day, which means that oil prices may soar to 120-130 US dollars/barrel, but the probability is very low. Also, according to Deutsche Bank, given the significant global impact of such blockades, Iran is likely to use them as a last resort and will only consider them in extreme cases.