According to Tencent Cloud, on June 18, Tencent Cloud signed a cooperation agreement with China CITIC Bank International (CNCBI), a Hong Kong-based commercial bank and unit of CITIC Group. The partnership aims to support CNCBI's FinTech 2.0 strategy in Hong Kong and Macao, covering cloud services, A

According to China Foreign Exchange Trade System, on June 17, six banks—Industrial Bank, Agricultural Bank, Bank of China, Construction Bank, Bank of Communications, and CITIC Bank—completed 125 offshore RMB foreign exchange trades totaling 7.238 billion yuan on the platform in Shanghai Free Trade

According to CCTV News, at the 2026 Lujiazui Forum, the People's Bank of China announced it will authorize six major banks—Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, Bank of Communications, and CITIC—to conduct offshore RMB foreign

According to Citic Securities, SpaceX listed on Nasdaq on June 12 and surged approximately 19% on its first trading day. The IPO raised roughly $75 billion, marking the largest initial public offering in global history. The funding is expected to support SpaceX's rocket and satellite

According to China Securities Investment Consultants (CITIC), SpaceX made its market debut on Nasdaq with a $1.75 trillion valuation and raised $75 billion, marking the largest IPO in history. Its stock surged above $2 trillion in market cap on the first day, making the company the world's seventh-l

According to Chinese investment bank CITIC, the European Central Bank raised interest rates by 25 basis points on June 12 and cut its growth forecasts for 2026 and 2027 while raising inflation projections for both years. ECB President Christine Lagarde said the rate hike decision passed

According to China Citic Securities, the probability of U.S. Federal Reserve rate hikes in the near term remains low, with market concerns about Fed tightening primarily at the expectation level. CME FedWatch data indicates the market expects the Fed will likely begin raising rates starting in

According to CITIC Securities research published by Jin10 on June 9, the Strait of Hormuz has been closed for weeks, forcing additional oil wells offline and risking permanent production capacity losses. U.S. inventory wells and new drilling counts have hit record lows, signaling that sustained

According to Citic Securities, on June 6, North American cloud service providers' capital expenditure in the first quarter of 2026 rose 70.25% year-over-year, with full-year guidance expected to reach $710 billion. The research firm forecasts that a large language model company with annual

On June 3 morning, China's commodity exchange-traded funds showed mixed performance. Citic Energy and Chemical Futures ETF rose nearly 1%, while China Pacific Silver Futures ETF (LOF) declined over 3%. Gold ETFs, including those from Nanyuan, E Fund, and Bosera, fell