Bank of England Governor Bailey said not all AI-related stocks will be winners.

Fang Dongming, UBS head of China for Global Financial Markets, said global investors’ reallocation into Chinese assets is only beginning and could surpass the relative high of 2021 and continue to rise. He flagged Hong Kong’s strategic role: since 2026 mainland high-quality issuers have been actively doing secondary listings in Hong Kong, with some moving from valuation discounts to premiums. Southbound Stock Connect has seen sustained strong net inflows as connect mechanisms deepen, reinforcing Hong Kong’s broader and deeper capital-market advantages as an international financial centre.

China Index Academy said the China Real Estate Index System 100-city secondhand residential price index put May average price at 12,692 yuan/sq m, down 0.32% MoM (narrowing 0.14 ppt from April) and down 7.99% YoY. By tier, MoM changes were: first-tier -0.15%, second-tier -0.34%, third/fourth-tier -0.38%; first-tier MoM contraction narrowed 0.01 ppt. Shanghai rose 0.13% MoM; Shenzhen fell 0.04% MoM. MoM declines in second-tier and third/fourth-tier cities narrowed by 0.17 ppt and 0.16 ppt respectively. Twelve cities gained MoM, 87 fell, one was unchanged.