Goldman Sachs now expects the Federal Reserve to keep interest rates unchanged in 2026.

Key News 1. Wu Qing: Continuously improve the mechanism for supervising algorithmic trading. 2. The People's Bank of China increases its gold holdings for the 19th consecutive month. 3. State Administration of Foreign Exchange: my country's foreign exchange reserves reached US$3.4422 trillion at the end of May, an increase of 0.93%. 4. State Council Executive Meeting: Study on promoting new industrialization. 5. The State Council Food Safety Office establishes a working group to supervise the investigation and handling of the "Wangkui Shuanghui pork antibiotic exceeding standards" issue. 6. State Council: Strictly prohibit private equity funds from engaging in illegal lending, "equity disguised as debt," and other such activities. 7. Accelerating the popularization of computing power: The world's first "prefabricated computing power center base" is officially put into use. 8. The Ministry of Housing and Urban-Rural Development publicly solicits opinions on the "Housing Provident Fund Management Regulations (Revised Draft for Solicitation of Opinions)." 9. Following Futu Tiger's long bridge scandal, Huasheng Securities, which was not "named," will also clean up its mainland business. Individual Stock News 1. Zhongtian Technology: Wins a bid of approximately RMB 1.518 billion for MPO fiber optic patch cords and related accessories for data centers. 2. Shenghong Technology: Business with ASIC-related customers is progressing smoothly and is expected to become one of the core drivers of the company's future performance growth. 3. Weiteou: Revenue contribution from optical modules and advanced packaging is less than 1% each. 4. TGOOD: Launches "Computing Power Island" for computing center power supply stations, reducing token costs by 30%. 5. Pairui Technology: Its 2024 annual report and 2025 semi-annual report contained false information; its stock abbreviation will be changed to "ST Pairui" starting June 9th. 6. Baogang Steel successfully developed and mass-produced ultra-high strength rare earth wear-resistant steel. 7. Maijie Technology's stock price hit a record high; it has directly cooperated with Nvidia. 8. Industrial Bank: A cash dividend of RMB 0.501 per A-share in 2025. 9. BOE Technology Group Co., Ltd. (BOE A): Developing glass-based packaging substrates, perovskite, and MicroLED optical interconnect applications are key directions for future business growth. 10. Jereh Group Co., Ltd.: Sales orders for gas turbine generator sets have entered the delivery phase. 11. Yinzijie Technology Co., Ltd.: Rumors of being "under investigation" are untrue; the company has reported the matter to the police to pursue legal action against those spreading the rumors. 12. China Energy Engineering Corporation: The master agreement for financing the 372 MW gas turbine investment project in Songon, Ivory Coast, has been signed.

Hang Seng Tech Index fell over 3% as optical-communications, storage, PCB and semiconductor sectors led declines.