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S&P GLOBAL MARKET INTELLIGENCE: iTraxx Europe Crossover index fell to 258 bps, a three-month low.

2026-06-02

S&P GLOBAL MARKET INTELLIGENCE: iTraxx Europe Crossover index fell to 258 bps, a three-month low.

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2026-06-02

GCL Group chairman Zhu Gongshan told the opening of the 19th International Solar PV and Smart Energy & Storage & Battery (Shanghai) Conference that the next phase of the photovoltaic industry’s paradigm shift will be space-based solar — "borrowing la

GCL Group chairman Zhu Gongshan told the opening of the 19th International Solar PV and Smart Energy & Storage & Battery (Shanghai) Conference that the next phase of the photovoltaic industry’s paradigm shift will be space-based solar — "borrowing land from the sky." He said the industry is moving from a watts+bits era to one combining materials and aerospace: harvesting above the atmosphere avoids atmospheric attenuation and diurnal cycles and offers near-ideal generation conditions. Falling launch costs from reusable rockets and large commercial satellite constellations creating scalable demand are pushing space PV toward engineering economics. Breakthroughs in perovskite/tandem cells, ongoing validation of engineering reliability, scaling of manufacturing and system cost improvements, and development of radiation-tolerant encapsulation could allow space applications within five to ten years.
2026-06-02

China’s 20-city second‑hand residential market sold 141,000 units in May, down 9% MoM but up 19.3% YoY, with the YoY gain widening 6.3 percentage points from April. Year‑to‑date (Jan–May) transactions in the 20 cities total 629,000 units, up 4.4% YoY

China’s 20-city second‑hand residential market sold 141,000 units in May, down 9% MoM but up 19.3% YoY, with the YoY gain widening 6.3 percentage points from April. Year‑to‑date (Jan–May) transactions in the 20 cities total 629,000 units, up 4.4% YoY, indicating steady demand release. Adjusting for Spring Festival timing, resale volumes in the 14 weeks since the holiday are 13% higher than the same period in 2025. Core-city resale activity led the rebound: Beijing sold 16,000 second‑hand homes in May (+12.1% YoY) and Shanghai sold 28,000 (+30.9% YoY); both cities recorded near five‑year same‑period highs for a second consecutive month. Shanghai has expanded its second‑hand property acquisition pilot to all central urban districts, introducing market‑based acquisition pricing that may help stabilize valuations of older stock and support market confidence. Shenzhen’s end-April property policy optimizations are beginning to take effect; May resale turnover there has returned to positive YoY growth.
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