Stacks of fine gold bars
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International
 
– According to Middle Eastern media reports on the 7th citing sources, Iran and the United States have reached a consensus on easing the U.S. maritime blockade in exchange for the gradual reopening of the Strait of Hormuz.
 
– Foreign media reports say China and the United States are considering launching official discussions on artificial intelligence. The two sides plan to talk about AI during the China-US leaders’ meeting in Beijing next week, with US Treasury Secretary Bessent set to take the lead.
 
– The Brazilian government announced on the 7th that it will implement a visa-free entry policy for Chinese citizens holding ordinary passports starting from May 11, 2026.
 
Industry
 
– Unitree Technology announced that Unitree UniStore, the world’s first task and motion application store for humanoid robots, has been officially fully opened as an official shared application platform.
 
Data
 
– China’s foreign exchange reserves stood at 3.4105 trillion US dollars at the end of April, an increase of 68.4 billion US dollars or 2.05% from the end of March.
 
– China’s gold reserves reached 74.64 million troy ounces at the end of April, up 260,000 troy ounces month-on-month, marking the 18th consecutive month of gold reserve increases.
 
May 07 Block Trade Info
 
*Discount
 
– Bichamp Cutting Tech (002843 CH) saw 41 block trades worth 111.34mn at 25.01yuan per share, 10.00pct discount from last closing.
 
– Sinostone (001212 CH) saw 1 block trades worth 99.82mn at 49.91yuan per share, 9.99pct discount from last closing.
 
– Gambol Pet Group (301498 CH) saw 13 block trades worth 76.55mn at 51.03yuan per share, 7.00pct discount from last closing.
 
For more insights, please visit Orient Futures Singapore’s research platform, 
Finoview.

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