Pop Mart International Group (09992.HK) opened up 3.76% at the Hong Kong open after reports that Duan Yongping and H&H International Investment LLC simultaneously increased their holdings. As persons acting in concert, their combined stake reached 5.69%, triggering mandatory disclosure requirements.

On May 28, at its regular monthly press briefing the Ministry of Natural Resources released and explained the Guiding Opinions on Accelerating High-Quality Development of Marine Drugs and Functional Products. Wang Xiaoyang, deputy director of the Department of Consumer Goods Industry at the Ministry of Industry and Information Technology, said MIIT is expediting preparation of the "15th Five-Year Plan for Pharmaceutical Industry" and is arranging to accelerate the development of "innovative medicines", "inclusive medicines", "digital-intelligence medicines" and "open medicines". The plan will designate marine drugs and functional products as priority development areas and, through improving top-level design, will further clarify development direction, specify development tasks, and provide clear guidance for the industry's high-quality development.

BOK left its policy rate unchanged at 2.50%, matching market expectations.