CMA CGM's CEO said it is 'not wise' to assume the situation in the Strait of Hormuz will fully return to pre-war conditions.

June 5, Shenzhen — Li Zhen, deputy director of the State-owned Assets Supervision and Administration Commission (SASAC), attended a meeting on integration between central state-owned enterprises and Hong Kong science and technology innovation. SASAC said it will prioritize source-level innovation cooperation, accelerate commercialization of R&D outcomes, deepen tech‑finance linkages and promote global talent aggregation to push central enterprises to deepen collaboration with Hong Kong and support construction of Hong Kong as an international sci‑tech center to serve China’s innovation-driven development strategy. The meeting included 37 central enterprises and 10 Hong Kong universities and research institutes and announced 33 joint projects in AI, next‑generation mobile communications, smart manufacturing, new energy, new materials, life sciences and financial services.

South Korea's KOSPI index fell 4.00% intraday to 7,772.66 points.