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International
 
*At the invitation of President Xi Jinping, Russian President Putin will pay a state visit to China from May 19 to 20.
 
*At the invitation of President Trump, President Xi Jinping will pay a state visit to the United States this fall.
 
Industrial Economy
 
*China’s large-scale data centre participates in power spot trading in the form of virtual power plants to realise electricity for the first time.
 
*SpaceX will determine the initial public offering price on June 11 at the earliest, and the shares will be listed on June 12.
 
Financial
 
*State Council Executive Meeting: reviewed and adopted the 15th Five-Year Plan for Urban Renewal and the 15th Five-Year Plan for Accelerating Agricultural and Rural Modernization.
*CSRC: will better support the growth and expansion of various real economy enterprises, including those in the service and consumption sectors.
 
*Qiushi Journal published important article by General Secretary Xi Jinping: Strengthening, Optimizing and Expanding the Real Economy.
 
Middle East Conflict
 
*Sources say the US has laid out 5 key conditions in response to Iran’s proposal, including the US will not pay any compensation or war damages. Iran must ship 400 kg of enriched uranium to the US.
 
*U.S. sources said that the Pentagon is preparing to resume military operations against Iran, and the United States and Israel may resume military strikes against Iran as early as next week.
 
May 15 Block Trade Info
 
*Discount
 
– Yanhu Industry (000792 CH) saw 1 block trades worth 780.12mn at 33.89yuan per share, 2.70pct discount from last closing.
 
– Electric Connector Tech (300679 CH) saw 9 block trades worth 49.74mn at 49.99yuan per share, 7.00pct discount from last closing.
 
*Premium
 
– Broadcasting Wireless Media (301551 CH) saw 2 block trades worth 78.33mn at 27.47yuan per share, 1.48pct premium from last closing.
 
For more insights, please visit Orient Futures Singapore’s research platform, 
Finoview.

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