Shangong Shenbei said its subsidiary Shangong Feiren General Aviation (Weihai) Co. held a ground-breaking ceremony on June 17 in the Weihai Torch Hi‑tech Industrial Development Zone for a carbon-fiber composite structural parts and light-aircraft manufacturing project. The JV with Weihai Hi‑tech Venture Capital Partnership will occupy about 103 mu (≈6.9 ha) and will house carbon-fiber composite part production, light-aircraft final assembly, R&D and sales as a headquarters base.

Hong Kong biotech stocks rose in choppy trading; 09688.HK and 02197.HK gained over 6.5%, 09926.HK and 06127.HK climbed more than 5%, while 01349.HK and 01541.HK also advanced.

Spot gold fell on Thursday as the dollar strengthened after the Federal Reserve signalled a hawkish tilt; the dollar index rose. The Fed left rates unchanged on Wednesday but policymakers pencilled in further hikes later this year as inf remains above target. Fed chair KEVIN WARSH said he will convene working groups to review central bank operations. Market strategist Han Tan said a hawkish Fed makes spot gold likelier to slip below $4,000/oz than to regain $5,000/oz in H2 2026 and warned that a revamp of Fed communications could amplify gold’s reactions to US data. ANZ noted weak investment demand — ETF outflows and lower holdings — though Chinese physical buying and central bank purchases are providing support.