The Hong Kong Monetary Authority announced today (May 3) the details of the extension of the “Green and Sustainable Finance Funding Scheme” (Funding Scheme) in connection with the 2024-25 Budget. The Green and Sustainable Finance Funding Scheme was launched in May 2021 to provide funding for eligible green and sustainable debt instruments issued in Hong Kong. In the 2024-25 Budget, the Financial Secretary proposed extending the funding scheme for three years to 2027 and expanding the scope of funding to transformation bonds and loans to further encourage relevant industries in the region to use Hong Kong's transformation financing platform to gradually reduce carbon. (Hong Kong Monetary Authority website)

The Chief Executive of the Hong Kong Special Administrative Region, Li Ka-chao, has approved Tang Ka-shing as Chairman of Hong Kong Exchanges and Clearing Limited (HKEx). The term of office takes effect immediately. The approval was made under the Securities and Futures Ordinance (Cap. 571). Tang Ka-shing's term as chairman is the same as his term as a member of the HKEx Board of Directors. Both will expire after the completion of the HKEx 2025 Annual General Meeting of Shareholders. (Voice of the Greater Bay Area)

Bank of America strategists said that investors' focus may shift from concerns about inflation to concerns about US economic growth, which will put pressure on European value stocks. The team, led by Sebastian Raedler, downgraded European value stocks compared to growth stocks to reduced holdings. “Our macro assumptions suggest higher risk premiums and lower bond yields,” they wrote in the report. Inflation is now largely back in line with the trajectory suggested by supply chain pressure indicators, “but we are still concerned about the macro outlook, particularly the risk that the US labor market will weaken.” They expect the European stock market to fall by around 15%, and cyclical stocks will lag 15% behind defensive stocks.

According to real-time data from Lighthouse Pro, as of May 3, the total box office (including pre-sales) exceeded 1 billion dollars in May 2024.

According to data from Lighthouse Professional Edition, as of 17:19 today, the total box office (including pre-sale) of the May 1st film in 2024 surpassed 1.1 billion dollars. Among them, “Peace and Riot Control Force”; “The Last Way to Spend Money” and “The Siege of Kowloon Walled City” ranked in the top three.

The reporter learned from the Qingmao border checkpoint that on the first two days of the “May 1st” holiday, the total number of visitors entering and leaving through Qingmao Port was over 180,000, an increase of about 20% over the same period last year. Qingmao Port has become a popular channel for holiday travelers to travel across borders. It is expected that from the afternoon of May 4, there will be a peak of concentrated return trips at Qingmao Port. (Voice of the Greater Bay Area)

According to CCTV news, Chang'e 6 is expected to ignite at 17:27:19.

According to Fox News, the US Federal Communications Commission recently imposed fines totaling nearly 200 million US dollars on four US telecom operators because these companies illegally sell user location information. According to the report, the four telecom operators that have been punished are AT&T, AMC, Sprint, and Verizon.

On May 2, the world's first deep-water automatic serve tube manifold independently designed and manufactured by China was completed and delivered. This type of equipment is targeted for the “Deep Sea 1” Phase II project currently under construction, and can remotely control and carry out deep-water seabed clean-up operations. Its construction is of great significance in promoting the development and utilization of complex deep-water oil and gas resources in China and accelerating the achievement of a high level of self-reliance in marine science and technology. (Securities Times)

Xiansheng Pharmaceutical (02096) announced that on May 3, 2024, the company spent HK$781,600 to repurchase 138,000 shares at a repurchase price of HK$5.64-5.67 per share.