Hong Kong PCB-related stocks rebounded: Kingboard Laminates (01888.HK) rose 5%, Kingboard Holdings (00148.HK) rose 4.38%, Guanghe Technology (01989.HK) rose 3%, Shenghong Technology (02476.HK) rose 2.7%.

China stock index futures opened in the morning session: CSI 300 (IF) front-month +0.16%; SSE 50 (IH) front-month -0.11%; CSI 500 (IC) front-month +0.11%; CSI 1000 (IM) front-month +0.23%.

A Xiangtan commercial-residential land parcel has been listed on Changsha’s online land trading platform, marking Hunan’s first cross-city land supply. Ownership, planning approvals, collection of sale proceeds and property registration remain with Xiangtan; Changsha is providing only the listing/investor channel. The move follows Hunan’s Jan pilot action plan (2025–27) for the Changsha‑Zhuzhou‑Xiangtan area, which seeks a unified land transaction market and cross‑regional “listing, receipt, settlement, transfer” mechanism. Local developers view the listing as a step toward urban integration and an early test of land‑market integration policy implementation.