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07.05.26 - 16:06
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Gold futures set for Hong Kong comeback as mainland China′s appetite for the metal grows (SCMP)
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The Hong Kong Exchanges and Clearing (HKEX) is pressing ahead with the relaunch of gold futures as mainland China's appetite for the metal continues to grow.
The city would continue to introduce new gold products and facilities to capture the growing opportunities of the gold market, Financial Secretary Paul Chan Mo-po said on Thursday at the LME Asia Metals Seminar 2026 in Hong Kong.
The HKEX planned to relaunch gold futures in coming months and seek market feedback to refine the products,......
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07.05.26 - 16:00
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Tech billionaire Chen Tianqiao′s MiroMind halts China services after Meta and Manus saga (SCMP)
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Chinese technology billionaire Chen Tianqiao's artificial intelligence start-up MiroMind is suspending its services in mainland China, Hong Kong and Macau, in the latest sign that some of the country's most globally ambitious firms are increasingly retreating from the domestic market as geopolitical tensions reshape the industry following the Manus saga.
In an email sent to select users on Wednesday, the company said that its MiroThinker services would stop operating in regions including......
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07.05.26 - 14:21
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First Chinese Tanker Attacked Near Hormuz As Beijing Urges Waterway Reopened (ZeroHedge)
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First Chinese Tanker Attacked Near Hormuz As Beijing Urges Waterway Reopened
There have certainly been escalating tensions in the Strait of Hormuz this week amid a wave of Iranian attacks on commercial ships after a U.S. military effort to escort merchant vessels through the maritime chokepoint.
By midweek, tensions had simmered, and Iran is still reviewing a 14-point U.S. proposal to end the war, with Tehran expected to send its response to Pakistani mediators later today.
President Trump said talks with Iran have been "very good" and suggested a deal remains possible. Iran's Foreign Ministry confirmed the U.S. proposal is still under review.
But when chaos erupted on the world's most critical waterway at the beginning of the week, a new report said that a large refined-products tanker owned by a Chinese shipowner was attacked off the UAE's Al Jeer port on Monday, according to Reuters.
Beijing-based business media outlet Caixin reported that the vessel's deck erupted in flames after the a...
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07.05.26 - 13:24
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US Awaits Iran′s Response; China Asks Banks to Pause New Refiner Loans | Bloomberg Brief 5/7/2026 (Bloomberg)
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US equity futures gain and Brent crude falls for a third straight day as the US awaits Iran's response to a proposed deal that would reopen oil flows through the Strait of Hormuz. China advises its largest banks to temporarily suspend new loans to refiners recently sanctioned by the US over their ties to Iranian oil. Sitara Sundar of JPMorgan Private Bank discusses concentration risks in equities and the Fed's rate path. (Source: Bloomberg)...
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07.05.26 - 12:30
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Kimi developer Moonshot AI valued at US$20b as it navigates China′s new IPO rules (SCMP)
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Chinese artificial intelligence start-up Moonshot AI has raised about US$2 billion in a new funding round, boosting its valuation to more than US$20 billion as it navigates Beijing's new listing rules for companies registered overseas.
The funding was led by Meituan and involved China Mobile. Over the past six months, Moonshot had raised a total of US$3.9 billion, according to a statement by the deal's financial adviser HF Capital on Thursday.
The Beijing-based company, best known for its Kimi......
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