China's National Bureau of Statistics released data on the 10th showing that in May, the national Consumer Price Index (CPI) increased by 1.2% year-on-year and fell by 0.1% month-on-month. Influenced by factors such as increased demand in some domestic industries and the transmission of fluctuations in international commodity prices, the Producer Price Index (PPI) rose by 3.9% year-on-year and increased by 0.5% month-on-month.
On June 10th, the Hong Kong Securities and Futures Commission provided further interpretation of a circular dated May 22nd. A frequently asked question within the circular stated that Hong Kong licensed corporations can continue to open new accounts for Mainland Chinese investors, provided all account opening requirements are met. The SFC clarified that licensed corporations may continue to service existing Mainland Chinese clients, as long as the services are not provided within Mainland China and all relevant laws and regulations in Hong Kong and applicable jurisdictions are complied with. The SFC also noted that it is aware of a joint notice issued by Mainland authorities on May 22, 2026, and its relevant requirements also apply to financial institutions in other jurisdictions when servicing Mainland Chinese investors.
Data released by the State Administration of Taxation on June 10th shows that in the first five months of this year, personal income tax revenue reached 764.39 billion yuan, a year-on-year increase of 12%.
The Ministry of Industry and Information Technology announced the "Implementation Opinions on Innovative Development of 'Artificial Intelligence + Information and Communications' (2026-2028)" on the 10th. It proposes that by 2028, information and communication networks will preliminarily achieve high-level autonomous intelligence, forming over 30 high-value typical scenarios, and building a batch of typical applications and specialized intelligent agents. The coverage rate of metropolitan area computing power within a 1-millisecond latency circle should not be less than 75%.
Recently, eight departments including the Ministry of Commerce jointly issued several measures to promote the integrated development of railways and tourism to expand service consumption. The document puts forward 15 policy measures across five areas: accelerating the tourism-oriented transformation of railway infrastructure, enriching the railway tourism product system, improving railway tourism service levels, strengthening operational support for railway tourism, and reinforcing policy support. The aim is to promote the integrated and mutually empowering development of railways and tourism, expand the supply of high-quality services, unleash the consumption potential of railway tourism, and better meet the people's needs for a better life.
Data released by the China Association of Automobile Manufacturers on the 10th shows that in May 2026, China's new energy vehicle market stabilized and rebounded. Production and sales reached 1.554 million and 1.496 million units respectively, representing year-on-year growth of 22.4% and 14.4%. The proportion of new energy vehicle sales to total new vehicle sales further increased, reaching 56.9%.
Power Diamond announced that its board of directors has reviewed and approved a proposal to change part of the fundraising investment project. It plans to reallocate 1.028 billion yuan of unused funds from the 2022 private placement project "Shangqiu Power Diamond Technology Center and Cultivated Diamond Intelligent Factory Construction Project" to a new project, the "Diamond Functional Material Production and R&D Construction Project." The implementing entity remains its wholly-owned subsidiary, Shangqiu Power Diamond Technology Center Co., Ltd. The new project focuses on the large-scale, standardized production of high-end diamond functional materials such as thermal management materials, optical materials, and acoustic diaphragm materials, comprehensively expanding the entire industry chain from diamond single crystal and polycrystalline growth, precision processing, to end-product supply.
Wanhua Chemical announced that its 900,000-ton-per-year PDH unit and 600,000-ton-per-year POCHP unit at the Penglai Industrial Park, which commenced shutdown for maintenance on April 26, 2026, have now completed maintenance and resumed normal production.
Xingfa Group stated on an interactive platform that its current annual production capacity for sodium hypophosphite used in memory components is 20,000 tons. This product is mainly supplied to electroplating solution manufacturers like Uyemura, and after further processing into electroplating solutions, it enters the supply chain of PCB and memory manufacturers. This year, driven by growth in demand from the memory and semiconductor markets, the company's sodium hypophosphite product for memory components has seen both volume and price increase. In the first quarter of 2026, sales volume for this product grew by approximately 24% year-on-year, and the average selling price rose by about 15% year-on-year. Entering the second quarter of 2026, the product price has increased to 23,000-25,000 yuan per ton, up about 15%-20% from the first quarter, leading to a significant improvement in profitability.
Citing U.S. officials and multiple diplomats, American media reported on the 9th that negotiations between the United States and Iran, mediated by Pakistan, have made "significant progress." Regarding the issue of Iran's enriched uranium disposition, the U.S. position has changed: it no longer demands that Iran ship its stockpile of highly enriched uranium out of the country, but instead cooperates with the International Atomic Energy Agency to dilute it.
Iranian Foreign Ministry spokesperson Nasser Kanaani stated on the 10th when discussing Iran-U.S. talks that following the conflict on the 9th, Iran needs to reassess the situation.
According to a Bloomberg report on the 9th, global asset management giant BlackRock has officially launched a new space-themed ETF for European investors. Amid the space investment boom, this product, through a rapid inclusion mechanism for new stocks, provides investors with a more timely and flexible tool for allocating to the space economy. Market analysis suggests this ETF will become an important channel for investors to gain early exposure to newly listed space companies like SpaceX.
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