Yao Ming Kangde shares once fell 7.4% in Hong Kong, the biggest intraday decline since April 5. As of press time, the decline had narrowed to 5.6%. According to the news, China Merchants Securities previously downgraded the stock from buying to holding.

Bank of America said investors withdrew $600 million from cryptocurrency funds in the week ending Wednesday, the largest since June 2022.

Airbnb today announced the launch of a new category “ace”. The first 11 “trump cards” include the iconic “Flying House” in “A Journey Around the Flying House” and “A Wonderful Night at the Ferrari Museum.” Brian Chesky, co-founder and CEO of Airbnb, said, “Although people's everyday lives are becoming more digital, we want to become the eyes of new people exploring the world through the spiritual core of the trendy culture carried by “Ace” and turn travelers' dreams into reality.” (Sina Technology)

After the Federal Reserve announced its interest rate decision on Wednesday, market attention turned to the far-reaching non-farm payrolls report. The market is paying close attention to non-farm payroll data and wage inflation data to determine when the Fed will cut interest rates. When predicting the current April data, Brown Brothers Harriman Bank analysts said, “The market generally expects 250,000 jobs to increase, compared to 303,000 in March, while the unemployment rate is expected to stabilize at 3.8%. As a key driver of inflation in the core services sector, the rate of wage growth will also attract widespread attention. The average hourly wage rate is expected to slow slightly to 4.0% per annum.”

Spinozzi, head of fixed income strategy at Saxo Bank, said that the two-year US bond yield (currently 4.88%) is expected to fluctuate between 4.75% and 5% until news about the Fed's interest rate cut is clear, while long-term bond yields may continue to rise. Factors driving higher long-term bond yields are rising maturity premiums and increased issuance of notes and bond coupons. As the risk of inflation rises and market uncertainty increases, investors may demand a higher premium on holding US bonds, putting pressure on the long-term yield curve. The possibility that the 10-year Treasury yield will reach 5% before the end of the quarter cannot be ruled out.

In the first quarter, among the provinces whose economic growth rate outperformed the national level, the western region had 7, the largest number. After more than 20 years of development, the western region's economy is getting stronger and stronger, and its “face value” is getting higher and higher. To promote the development of the western region in the new era, we must take great protection as the premise, open up as the driving force, and promote high-quality development as the theme to enhance the overall strength and sustainable development capacity of the region.

Jussi Hiljanen, chief strategist of US dollar and euro interest rates at Nordic Bank, said that US bond yields are expected to be mainly affected by market expectations of the Federal Reserve interest rate, upcoming data and comments from Fed policymakers, and the US Treasury's quarterly refinancing plan will not be surprising. The US Treasury kept the scale of long-term bond issuance unchanged from May to July, and said it does not expect to increase the scale of nominal coupon rate auctions (referring to the issuance of notes and bonds) or floating interest rate auctions for at least a few quarters.

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.

Hong Kong's Financial Secretary Chan Mao-po arrived in Georgia yesterday afternoon (2nd Tbilisi time) to attend the 57th Annual Meeting of the Asian Development Bank Board held from the 2nd to the 5th. In the afternoon, he first met with ADB President Asakawa Masashi. He stressed that Hong Kong, China and the ADB have always maintained a good cooperative relationship and are willing to share knowledge and experience with ADB and regional partners, especially in finance, infrastructure and the application of innovative technology. At the same time, the Special Administrative Region very much welcomes the ADB and regional partners to use Hong Kong's extensive and deep fund-raising platforms and professional services to help develop and manage different projects.

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.