HorizonRobo HK SDR1to1

0630 | Dolphin Research Focus: 🐬 Macro/Industry 1) The National Bureau of Statistics reported this morning that Jun manufacturing PMI was 50.3, up 30bps MoM and back in expansion.

Sentiment recovered among large and mid-sized firms, with high-tech manufacturing PMI leading at 53.5.

The data validate marginal supply-demand improvement in domestic manufacturing, a positive for sentiment in high-end manufacturing and the equipment sector.

0413 | Dolphin Focus — 🐬 Macro/Industry. 1) Trump announced that, after US-Iran talks in Pakistan collapsed, the US military will at 10:00 ET on Apr 13 (10pm Beijing time tonight) impose a full blockade of Iranian ports and the Strait of Hormuz.

0410 | Dolphin Research Focus: 🐬 Macro/Industry 1) HKMA is expected to announce at 17:00 on Apr 10 the first batch of stablecoin issuers under its sandbox. This aims to establish a regulated fiat-backed stablecoin framework and bolster Hong Kong’s position as a global Web3.0 hub.

The inaugural list is closely watched, with selected firms allowed to run tests in a controlled environment. It signals a major financial center formally bringing stablecoins under strict oversight, taking a 'safety-first' approach to set compliance benchmarks and strengthen Hong Kong’s status as a digital-asset hub. 2) The US Mar CPI will be released at 20:30 tonight...