US silver-mining company Sunshine Refining priced its US IPO at the low end of the range and raised $270m to fund the planned restart of an Idaho mine, retaining the permits needed for mining and processing and targeting a 2028 restart. The Idaho site historically produced silver, antimony, copper and lead; the company projects first-five-year average annual revenue of about $311m and EBITDA of roughly $230m after restart. Spot silver has more than doubled over the past year and hit a record in

Tier-2 perpetual bond issuance by Chinese commercial banks accelerated into June. As of June 3, banks issued 22 Tier-2 perpetual bonds year-to-date totaling 646 bln yuan; April issuance alone was 315 bln yuan, a multi-year high for the month. Market participants attribute the pickup to faster regulatory approvals, a low-rate window that lowers funding costs, and special government bond injections supporting bank capital. YTD issuance yields have declined sharply versus the same period in 2025, with a minimum of 1.9% and an average of 2.03% through June 3. Tianfeng Securities’ fixed-income chief analyst Tan Yiming said funds were the main buyers in May, drawn by relatively wider credit and product spreads.

A-share-listed Zhongji Xuchuang recorded a trading value of 20.0 bln yuan; shares are up 0.24%.