1. China and the U.S. Hold Trade Talks in South Korea On May 13 local time, Chinese Vice Premier He Lifeng, the Chinese side's lead representative for economic and trade talks, held discussions with U.S. Treasury Secretary Janet Yellen, the American side's lead representative, in South Korea.
2. ChiNext Board Decade: Market Cap Grows from 4 Trillion to 21 Trillion On May 13, the ChiNext Index opened and fluctuated upward. By the close, the index had risen 2.63% to 4,038.33 points. Looking back a decade, the total market capitalization of the ChiNext Board was at the 4 trillion yuan mark. As of May 12, 2026, the total market capitalization of the ChiNext Board reached 21.51 trillion yuan, accounting for 17.72% of the A-share market, a record high.
3. Railways to Offer Off-Peak, Mid-Week Ticket Discounts for Elderly Passengers According to a May 13 announcement from China State Railway Group Co., Ltd., to better serve the travel needs of elderly passengers, railway authorities will soon introduce discounted ticket services for elderly travelers during off-peak seasons on weekdays. The relevant discounted tickets will go on sale starting May 15.
4. Shenzhen Metro Provides China Vanke Co.,Ltd. with a 2.5 Billion Yuan Credit Line On May 12, China Vanke Co.,Ltd. (000002.SZ) announced that its board of directors had reviewed and passed the "Proposal on Entering into a Framework Agreement for Shenzhen Metro Group to Provide a 2.5 Billion Yuan Shareholder Loan Facility to the Company, with the Company Providing Guarantees" and the "Proposal on Signing Supplemental Agreement Arrangements for the 22 Billion Yuan Shareholder Loan."
5. Internet User Penalized for Spreading False Rumors About Jiuhua Mountain Closure Recently, an internet user commented on a video platform claiming, "Jiuhua Mountain is closed because someone died from hypothermia while camping due to heavy rain." This statement drew attention. After verification by the local public security bureau, the information was confirmed to be a rumor. Currently, the Qingyang County Public Security Bureau in Chizhou City, Anhui Province, has imposed administrative penalties on the user who spread the rumor.
6. Japanese Company Nidec Involved in Large-Scale Fraud According to a May 12 report from Japan, Nidec Corporation is suspected of quality violations related to motor components. The suspected violations may exceed 1,000 cases, including design changes and falsified inspection data.
7. 50,000 Samsung Electronics Employees to Go on Strike The second round of post-mediation talks between Samsung Electronics' labor and management ultimately broke down on May 13. The union announced it would proceed with a general strike as planned. This could result in losses of approximately 40 trillion won (about 182.4 billion yuan), impact the semiconductor industry, and may prompt the government to consider exercising emergency adjustment authority.
8. NVIDIA CEO's Compensation Drops by Nearly $14 Million According to a DEF 14A proxy statement filed with the U.S. SEC by NVIDIA on May 12 local time for the fiscal year 2026, the total compensation for CEO Jensen Huang was $36.3 million (approximately 247 million yuan) for the fiscal year ending January 25, 2026. This represents a decrease of $13.6 million (approximately 92.37 million yuan) from the $49.9 million reported for the 2025 fiscal year, a significant decline of about 27%.
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