The full text of China's 15th Five-Year Plan for National Economic and Social Development (2026-2030) has been officially released. This document outlines the strategic national objectives, defines government priorities, and guides market participants, serving as a blueprint for comprehensively building a modern socialist country during this period.
Overnight, U.S. stock markets closed lower. The Dow Jones Industrial Average fell 119.38 points to 46,558.47, the S&P 500 dropped 40.43 points to 6,632.19, and the Nasdaq Composite declined 206.62 points to 22,105.36. Major tech stocks mostly declined, with Meta down nearly 4% and Apple falling over 2%. Mining shares also saw significant losses. In contrast, most popular Chinese stocks listed in the U.S. advanced, with the Nasdaq Golden Dragon China Index rising 0.76%. NIO gained over 5%, and Tencent Music rose more than 3%. The Hong Kong ADR index increased 65.45 points. WTI crude oil futures rose $3.58 to $99.31 per barrel, while COMEX gold futures fell $102.70 to $5,023.1 per ounce.
New rounds of US-China economic and trade consultations began in Paris. The Hong Kong Exchanges and Clearing Limited has responded to market concerns regarding its latest listing reform proposals, which include lowering the financial threshold for weighted voting right companies. The exchange stated that these changes aim to enhance competitiveness without compromising quality.
CMOC Group announced that its trading subsidiary, IXM, will resume trading aluminum products. Separately, concerns were raised that a U.S. attack on Iran's Kharg Island could lead to a potential loss of control over oil prices.
In corporate news, MINIMAX-W received approval from the HKEX to be reclassified as a commercialized company. GAC Group stated that its long-term equity investment in GAC Honda shows no signs of impairment. FIH Mobile reported an annual profit of $52.727 million, turning around from a loss. CMS Pharma announced that its new drug for renal anemia, Desidustat Tablets, has been approved for marketing in China. HEC Pharm projected a net profit of approximately 270 million yuan for 2025. Zhaojin Mining announced a significant increase in mineral resources and ore reserves at its Gold Ridge Mine. Cha Panda estimated a net profit growth between 22.79% and 32.09% for 2025. FIH Mobile reiterated its profitable annual results. Buluke reported a net profit attributable to owners of approximately 634 million yuan. MNSO forecasted adjusted annual net profit between 2.89 billion and 2.9 billion yuan. JINXUN RESOURCE anticipated a substantial increase in comprehensive profit for 2025. CAPINFO expected to return to profitability for the year. HELENS projected a net profit for 2025, attributing it to reduced impairment losses and improved operational efficiency.
FOREST CABIN issued a profit alert, forecasting a significant increase in net profit between 90.6% and 93.3% for 2025. The company also recently entered a strategic cooperation with a major medical aesthetics group to jointly develop functional skincare products for the perioperative period, planning to launch a high-end sub-brand for professional medical aesthetics channels.
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