EUR/USD
1.16021
-0.200%
Gold
4384.81
-1.602%
Oil
90.241
2.129%
USD/JPY
159.573
0.038%
GBP/USD
1.33890
-0.284%
GBP/JPY
213.658
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Real-time News
On May 28, the Shenzhen Stock Exchange 2026 Global Investors Conference opened in Shenzhen. The theme of the conference was "Capital Markets and Innovative Growth – Chinas Opportunities under the 15th Five-Year Plan." Liu Haoling, Vice Chairman of the China Securities Regulatory Commission (CSRC), stated that the CSRC will resolutely implement the decisions and deployments of the CPC Central Committee and the State Council, continuously deepen the comprehensive reform of capital market investment and financing, and systematically plan and launch more powerful reform and opening-up measures to address the "variables" of the international environment with a "constant" approach of coordinated development and win-win cooperation.Hong Kong stocks continued to decline, with the Hang Seng Index falling 2% and the Hang Seng Tech Index falling 1.23%. Tech stocks were weak, and innovative drug concepts declined. Meituan (03690.HK) fell nearly 6%, and Hansoh Pharmaceutical (03692.HK) fell 4.8%.On May 28, the 2026 Global Investors Conference, hosted by the Shenzhen Stock Exchange, was held in Shenzhen. Liu Haoling, Vice Chairman of the China Securities Regulatory Commission (CSRC), stated in his address that Chinas comprehensive reforms to investment and financing in the capital market have been progressing steadily and effectively, with overall market valuations remaining within a reasonable range, and foreign investors willingness to allocate to high-quality Chinese assets continuously increasing.On May 28th, the 2026 Global Investors Conference, hosted by the Shenzhen Stock Exchange, was held in Shenzhen. Liu Haoling, Vice Chairman of the China Securities Regulatory Commission (CSRC), stated in his address that China is a major contributor to and a stabilizing force for global economic growth, and a fertile ground for foreign investment. Since the beginning of this year, foreign capital has steadily flowed into the Chinese stock market through various channels. As of now, overseas investors hold over 4 trillion yuan in A-share market capitalization, becoming significant participants in Chinas capital market.On May 28th, European Central Bank Chief Economist Lane stated on Thursday that even if the Middle East conflict is resolved quickly, the resulting energy shock could still have a lasting impact on inflation. While historically, oil prices tend to fall back to their original levels after a surge, the current situation may be different as countries replenish their inventories or adjust their energy mix, potentially keeping energy costs high. Lane stated, "Global oil supply experienced a fairly rapid and significant drop overnight, a situation previously masked by inventories. Even as the initial energy shock begins to subside, the second wave of effects will continue for some time." Lane indicated that some policy lessons can be learned from past energy shocks, such as how rising energy costs can suddenly push up inflation and trigger "various non-linear" mechanisms, thus broadening the scope of price increases. "But this is different from the non-linear situation four years ago," when supply disruptions caused by the war in Ukraine and strong demand from the economic reopening following the COVID-19 pandemic jointly pushed up inflation. Lane stated that central banks must face any major shocks and their potential impact on inflation, but should avoid overreacting when formulating monetary policy.
