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Real-time News
Hong Kong-listed Zhenro Properties (06158.HK) has suspended trading in Hong Kong.Indias final composite PMI for April was 59.7, compared with 60 in the previous month.Indias final services PMI for April was 58.7, in line with expectations of 58.5 and the previous value of 59.1.On May 6, CICC published a report predicting that Xiaomis (01810.HK) first-quarter revenue may hit a new high, and is optimistic about the long-term growth potential of artificial intelligence in new car launches and devices, maintaining its outperform rating. CICC expects Xiaomis first-quarter revenue to grow 44.85% year-on-year to RMB 109.37 billion, and adjusted net profit to grow 53.03% year-on-year to RMB 9.93 billion (including a loss of RMB 340 million in the automotive and innovation businesses). Due to the strong performance of the Internet of Things and automotive businesses, CICC raised Xiaomis adjusted net profit forecasts for 2025 and 2026 by 4.6% and 3.8% to RMB 40.2 billion and RMB 54.74 billion.News on May 6th, recently, FOF issuance has once again seen a "small hit". Including the previous two cases, there have been three "small hits" of FOF since April. There are both channel boosting factors and market recovery factors. In the first quarter, the number of newly issued FOFs increased by 166.67% month-on-month, and the scale of fundraising increased by 1346.12% month-on-month. As of the end of the first quarter, the total scale of individual pension Y share funds exceeded the "10 billion" mark for the first time. From what the reporter has learned recently, the personal pension business of some financial institutions has operational flaws in terms of handling procedures and information systems, and there have been situations such as "no information on retirees can be found, and retirees cannot withdraw the balance of their personal pension accounts". This means that the quality of work of relevant institutions in exchanging personal pension data needs to be improved.
