Jin Sanjiang said on June 16 at a roadshow that its silica product for PE battery separators has passed application verification by a global industry leader and entered formal mass production. The product, part of the company’s new business segment, is contributing incremental revenue. With downstream demand releasing and continued market expansion, the company expects it to become one of its future growth drivers.

New-home prices (May): Beijing MoM -0.2% (Apr -0.2%), YoY -2.1% (Apr -2.3%); Shanghai MoM +0.2% (Apr +0.4%), YoY +3.2% (Apr +3.7%); Guangzhou MoM +0.2% (Apr +0.1%), YoY -3.3% (Apr -4.4%); Shenzhen MoM +0.4% (Apr +0.1%), YoY -4.5% (Apr -5.3%). Resale-home prices (May): Beijing MoM +0.1% (Apr +0.4%), YoY -6.5% (Apr -7.4%); Shanghai MoM +0.6% (Apr +0.7%), YoY -4.3% (Apr -5.6%); Guangzhou MoM +0.1% (Apr +0.2%), YoY -7.0% (Apr -7.9%); Shenzhen MoM +0.6% (Apr +0.3%), YoY -5.5% (Apr -6.5%).

Hong Kong stocks fell broadly; the Hang Seng closed down 1.4% and the Hang Seng Tech Index fell 2.24%, with turnover HKD 249.88bn. The market opened 16 pts lower at 24,826 and slid as much as 426 pts to an intraday low of 24,416. Technology, metals and resource names led the weakness while rare‑earths, computer hardware and AI small‑caps outperformed. Commercial aerospace and lithium battery stocks were among sector winners; steel and China brokerage names staged a bounce. Underperformers included base metals, online education, property, paper, tea‑drink chains, internet healthcare and sporting goods. Notable movers: Pujiang China +87%, Lenovo +4%, Longfor -9%, China Hongqiao -7%, China Resources Mixc Lifestyle -5%.