On May 3, Chabaidao issued a statement in response to the white water incident: After learning about the “fat cat,” we are deeply saddened and sorry. We have set up a special working group as soon as possible to investigate the “the takeout for fat cats was delivered for nothing” that everyone has reported to us. The store has been requested to dismiss the employee involved, deduct the store deposit in accordance with the company's store management system, and close the contract with them in accordance with the law and regulations.

On April 30, 2024, Qionghai Boao Airport, an airport group owned by Hainan Holdings, was officially approved by the Civil Aviation Administration of China and agreed to change the name to “Qionghai Boao International Airport” (hereinafter referred to as “Boao Airport”). The approval of this name change will help further increase the popularity and influence of Boao Airport and better serve the overall goal of “one master, one shipment, two branches, one freight” free trade port airport complex.

According to data recently released by the People's Bank of China, at the end of the first quarter of 2024, 217,300 technology-based SMEs received loan support, and the loan rate was 47.9%, 1.1 percentage points higher than at the end of the previous year. According to the financial institution loan investment statistics report released by the People's Bank of China, loans supported science and innovation enterprises strongly in the first quarter. At the end of the first quarter, the balance of local and foreign currency loans for technology-based SMEs was 2.7 trillion yuan, up 20.4% year on year, 11.2 percentage points higher than the growth rate of various loans during the same period.

According to Lighthouse Pro, as of 13:01 on May 3, the total box office (including pre-sale) of the 2024 May 1st film had surpassed 1 billion dollars! “Peace and Riot Force”, “Daredevil Money”, and “The Siege of Kowloon Walled City” are currently in the top three in the box office (including pre-sale).

According to Chinatungsten Online, the trend of molybdenum prices in April 2024 was a slight drop and then fluctuated, while the total amount of ferromolybdenum used in steel was about 11,500 tons. In April, the average price of molybdenum concentrate was 3,380 yuan/ton, down 0.88%; the average price of molybdenum iron was 22,1909 yuan/ton, down 0.87%; the average price of molybdenum oxide was 3,470 yuan/ton, down 1.00% from month to month; the average price of ammonium heptomolybdate was 22,1273 yuan/ton, down 1.61% month on month; the average price of molybdenum powder was 426 yuan/kg, down 2.37% month on month.

The Hang Seng Index closed up 1.14% in the afternoon, and the Science Index rose 2.07%. Bilibili rose more than 6%, Weibo rose nearly 6%, NetEase, JD, and Xiaopeng Motors rose more than 4%, and Baidu, Alibaba, and Kuaishou rose more than 3%.

Goldman Sachs is preparing to lift the bonus cap imposed on hundreds of British employees during the EU era. Some successful and highest-paid traders and investment bankers are expected to receive future bonuses of several times their basic wages. Goldman Sachs Group International CEO Richard Gnodde announced the initiative internally on Thursday, a person familiar with the matter said. A Goldman Sachs spokesperson said, “This move allows us to more flexibly manage fixed costs throughout the cycle and pay for performance. It brings the UK closer to the practices of other global financial centers to support the UK as an attractive place for talent.” The UK earlier limited bonuses to twice the basic wage, but now abolishing this rule means that the London financial industry can begin to readjust wages.

According to BYD Auto, the BYD Destroyer 05 Honor Edition sold 32,800 vehicles in April, with sales exceeding 10,000 for two consecutive months.

According to the Cathay Pacific Junan Research Report, the Federal Reserve's interest rate meeting in May 2024 kept interest rates unchanged and slowed down the pace of contraction. Powell expressed that there is a possibility that interest rates will not be cut during the year. The overall statement was “hawk” compared to the previous period. We believe that subsequent interest rate cuts may begin in the fourth quarter as the month-on-month downward trend in inflation becomes more certain, as US consumption is constrained and real estate and inventories are weak upward. The number of interest rate cuts is not the key; it is even more critical. It is expected that in the short term, there will still be a game about whether to cut interest rates during the year, but inflation is still sticky, and it is difficult to determine when to cut interest rates. US stocks may still be in tight trading. It is expected that US stocks will still have downward risks in the second quarter, and there is still an upward risk in US bond interest rates.

Investment fund All Blue Capital's series of failed stock transactions may have left Nomura Holdings and Mizuho Financial Group facing potential losses of more than $100 million. According to New York legal documents and sources familiar with the matter, All Blue, led by trader Matt Novak, made a series of false short bets with multiple counterparties earlier this year and allegedly was unable to settle these deals. Documents show that the fund's two contracts entered the liquidation phase in the British Virgin Islands in March. People familiar with the matter said that the fund's failure to settle bets triggered a series of events, causing Tokyo-based Nomura Securities to lose 14 billion yen (US$89 million). According to documents, Mizuho claims that All Blue owes $19 million has not yet been repaid as part of Mizuho's legal action in New York. The scale of potential losses has prompted outsiders to question the risk management practices of Japan's two largest banks.