CIMC Group said its wholly owned unit CIMC Capital Holdings signed a cooperation framework with Jiangsu Provincial Marine Economy Equity Investment Fund, Yueda Capital and other investors to establish a Jiangsu marine economy industry sub‑fund. The sub‑fund’s committed size is 1.0 bln yuan; CIMC Capital will subscribe 290 mln yuan, a 29% LP stake.

Hong Kong AI application names extended losses: MINIMAX-W (00100.HK) fell more than 13%, Zhipu (02513.HK) dropped over 9%, Xunce (03317.HK) and WeRide-W (00800.HK) also declined.

At the St. Petersburg Economic Forum plenary on June 5, Putin called Ukrainian President Zelenskiy’s recent open letter "rude" and said a meeting now "has no meaning." He warned that because Ukraine publicised bilateral issues, Russia would disclose previously undisclosed information. Putin said a Russian businessman visited Kyiv about three weeks ago; upon returning to Moscow on May 21 the businessman relayed Zelenskiy’s request for talks, and Putin said Ukrainian drones struck a dormitory in Luhansk region in the early hours of May 22.