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On May 15, at the "Shenzhen-Hong Kong Capital Market Integration and Development and Hong Kong Listing Seminar", Wan Yong, Chief Executive Officer of Jie Li Trading, said that if you dont go overseas, you will be out of the game. International layout is becoming more and more important for the development of mainland enterprises. In the early days, AH dual listings were mainly large enterprises in the fields of banks, securities companies, oil and coal, aviation, and infrastructure. In recent years, industries such as automobiles, mining, home appliances, and pharmaceuticals have become more common. From the perspective of the system, as one of the advantages of listing on the Hong Kong stock market, it is relatively convenient for Hong Kong-listed companies to refinance after listing. In the first four months of this year, the cumulative refinancing scale of the Hong Kong stock market was nearly HK$150 billion, a significant increase of about 377% over the same period last year.Reuters poll: So far, 16 of 29 economists are "strongly" or "somewhat" supportive of Japans tariff talks with the United States.On May 15, Geely Automobile announced that the groups sales hit a record high of 703,800 vehicles in the three months ending March 31, 2025, a year-on-year increase of 48%. Revenue for the quarter was RMB 72.495 billion, a year-on-year increase of 25%. Profit attributable to the owners of the parent company was RMB 5.672 billion, a year-on-year increase of 264%. The new energy business grew strongly, with Galaxy brand sales increasing by 214% year-on-year, and profitability improved across the board. The groups total assets were RMB 264.246 billion, a decrease of 2% from December 31, 2024, and the equity attributable to the owners of the parent company was RMB 87.789 billion, an increase of 1%.Reuters poll: 67% of economists expect the Bank of Japan to keep its key interest rate at 0.50% until the end of September this year.Reuters poll: 52% of economists expect the Bank of Japan to raise its benchmark interest rate to at least 0.75% by the end of this year.

Putin stated that he will hit the price of natural gas! The United States is considering using oil reserves, and oil prices are temporarily holding back

Oct 26, 2021 10:59

On Wednesday (October 6), natural gas prices in Europe ushered in a sharp drop after two days of skyrocketing. In the previous two days, they had risen by 60%, while oil prices fell back by more than 2%. Russian President Vladimir Putin stated that Russia will increase its supply of natural gas to Europe to alleviate the impact of the global energy contraction suffered by Europe. At the same time, the US government is considering using emergency oil reserves to ease the trend of soaring gasoline prices. There is also news that Russia and the United States are discussing reopening the Iran nuclear agreement.


Russian President Vladimir Putin said on Wednesday that the sales of natural gas to Europe may hit a record high, and the flow of natural gas transported to Europe through Ukraine may exceed the contract between the Russian state-owned natural gas company Gazprom and Kiev, Ukraine. Critics have accused Russia of blocking supplies.

This argument caused European natural gas prices to collapse. Natural gas futures prices fell by more than 10% since the highest price since 2008, which was the day before, and crude oil also fell.

Matthew Weller, head of global research for FOREX.com and City Index, said Wednesday that Wednesday brought some good news for energy-stressed European countries, as Russia increased its natural gas exports to Europe. These news broke the well-known natural gas price increase at least temporarily.

Data from FactSet shows that British natural gas futures prices have soared by more than 400% so far this year.

On the same day, U.S. Secretary of Energy Granholm said that the U.S. government is considering using emergency oil reserves to ease the trend of soaring gasoline prices. With the cooling of the new crown epidemic and increasing demand, US gasoline prices have hit a seven-year high.

Granholm said at the Energy Transition Summit organized by the Financial Times when he talked about the prospect of the US government using the Strategic Petroleum Reserve (SPR) to ease the rise in oil and motor fuel prices, "This is a tool under consideration."

According to data from the US Department of Energy, SPR stored in coastal caves in Texas and Louisiana currently contains approximately 617.8 million barrels of crude oil, the lowest level in approximately 18 years.

Granholm also did not rule out the possibility of resuming the crude oil export ban, which was lifted when Obama assumed the presidency in 2015. She said, "This is a tool we haven't used before, but it's also a tool."

The EIA crude oil and gasoline inventory data released on Wednesday both recorded an increase, sparking concerns about weak demand and a negative effect on oil prices. EIA crude oil inventories increased by 2.345 million barrels, and gasoline inventories increased by 3.256 million barrels. Refined oil inventories fell only slightly by 396,000 barrels.

U.S. oil production increased to 11.3 million barrels per day, recovering from the shutdown caused by the storm more than a month ago, and production rebounded to near the peak during the epidemic, but still far below the 13 million barrels per day set in 2019 Record.

According to another report, the Russian Ministry of Foreign Affairs said on Wednesday that Russian Foreign Minister Lavrov had discussed the restoration of the Iranian nuclear agreement with US Secretary of State Brinken. Restarting the previously shelved Iran nuclear agreement may affect the confidence of the oil market bulls.

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