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International
*South Korean President Lee Jae-myung met with Vice Premier of the State Council He Lifeng in Seoul on May 13. China expressed its willingness to work with South Korea to implement the important consensus reached by the two heads of state, strengthen communication, enhance mutual trust, deepen exchanges and cooperation, and safeguard and advance the China-South Korea strategic cooperative partnership.
*He Lifeng, China’s lead negotiator on China-U.S. economic and trade affairs and Vice Premier of the State Council, held economic and trade consultations with his U.S. counterpart, Treasury Secretary Scott Bessent, in South Korea.
Financial
*The General Administration of Market Supervision has deployed and carried out special actions to break down bottlenecks that hinder the unified market and fair competition, and carry out local standard cleaning and standardisation in an all-round way.
Co Focus
*Tencent Holdings (00700 HK): Q1 revenue reached cny 196.46bn, up 9.1% y/y. Capital expenditure payments in Q1 totaled cny 37bn, primarily used to support AI-related investments.
May 13 Block Trade Info
*Discount
– Luxshare Precision Industry (002475 CH) saw 1 block trades worth 259.80mn at 74.87yuan per share, 3.01pct discount from last closing.
– Huangshanghuang Group (002695 CH) saw 3 block trades worth 112.21mn at 11.80yuan per share, 9.09pct discount from last closing.
*Premium
– Polycomp International Corp (301526 CH) saw 3 block trades worth 150.23mn at 19.51yuan per share, 9.92pct premium from last closing.
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Finoview.
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