Zhitong Hong Kong stocks have known for a long time | Iran's parliament approved the closure of the first Hormuz Strait stablecoin, Circle (CRCL.US), rose more than 20% to a record high

[Today's headlines]

Iran's parliament favors closing the Strait of Hormuz

Iran's National Security Committee member Qusari said that the Iranian parliament has reached a conclusion that the Strait of Hormuz should be closed, but the final decision is in the hands of Iran's Supreme National Security Council. The Strait of Hormuz is located between Oman and Iran. It connects the Gulf of Oman in the east to the Persian Gulf in the west. It is the only maritime channel for oil from the Gulf region to be exported around the world. About one-third of the world's marine crude oil trade has to pass through the Strait of Hormuz.

US President Trump said on social media on the 21st that the US military has “successfully attacked” Iran's three nuclear facilities. Iran warned of “reserving all options” to respond to US attacks, which could heighten market concerns about disrupted shipping in the Strait of Hormuz. As a major transportation route for 20% of the world's oil and liquefied natural gas, if affected, the strait will trigger a chain reaction.

Iranian Foreign Minister Abbas Alaghi wrote on the X platform that the US bombing of Iran's Fordo, Natanz, and Isfahan nuclear facilities will have “permanent consequences.” The continued expansion of crude oil risk premiums may push oil prices higher for a long time, once again triggering market concerns about inflation. All of this may increase price fluctuations in various asset markets and weaken market expectations that the Federal Reserve will cut interest rates in the second half of the year. Furthermore, Israel's attack on Iran's South Pars gas field on June 14 further raised the risk of oil and gas supply in the Middle East region.

[General outlook]

The three major US stock indices had mixed ups and downs, and the stablecoin Circle (CRCL.US) rose more than 20% to a record high

Overnight, the US stock Dow rose 35.16 points, or 0.08%, to 42206.82 points; the NASDAQ fell 98.86 points, or 0.51%, to 19447.41 points; the S&P 500 index fell 13.03 points, or 0.22%, to 5967.84 points. The Dow rose 0.02% last week, the NASDAQ rose 0.21%, and the S&P 500 index fell 0.15%. Most of the big tech stocks fell; Google fell nearly 4%; Meta, Intel, Amazon, and Nvidia fell more than 1%; Microsoft fell slightly; Apple rose more than 2%, and Netflix and Tesla rose slightly. Circle rose more than 20% to a record closing record. Popular Chinese securities had mixed ups and downs. The Nasdaq China Golden Dragon Index fell 0.92% and fell 1.48% last week. The Hang Seng Index ADR declined. On a proportional basis, it closed at 23411.98 points, down 118.50 points or 0.50% from the Hong Kong closing.

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The People's Bank of China and the Hong Kong Monetary Authority jointly held the launch ceremony of Cross-border Payment Connect

On the morning of June 20, the People's Bank of China and the Hong Kong Monetary Authority jointly hosted a ceremony to launch the rapid payment system interconnection between the Mainland and Hong Kong. Pan Gongsheng, Governor of the People's Bank of China, Wang Linggui, Deputy Director of the Hong Kong and Macao Affairs Office of the State Council, and Yu Weiwen, President of the Hong Kong Monetary Authority, attended and delivered speeches. Lu Lei, Deputy Governor of the People's Bank of China, presided over.

Ministry of Finance: From January to May, stamp duty revenue from securities transactions of 66.8 billion yuan increased 52.4% year-on-year

From January to May, the national general public budget revenue was 966.2.3 billion yuan, a year-on-year decrease of 0.3%. Among them, the country's tax revenue was 7915.6 billion yuan, down 1.6% year on year; non-tax revenue was 1746.7 billion yuan, up 6.2% year on year. Looking at the central government and local authorities, the central government's general public budget revenue was 4148.6 billion yuan, a year-on-year decrease of 3%; the local general public budget revenue at this level was 5513.7 billion yuan, an increase of 1.9% over the previous year.

State Drug Administration: New measures will be introduced to support the innovation and development of high-end medical devices

On June 20, the State Drug Administration reviewed and approved the “Measures on Optimizing Full-Life Cycle Supervision to Support the Innovation and Development of High-end Medical Devices” to support the innovation and development of high-end medical devices. According to our understanding, medical robots, high-end medical imaging equipment, artificial intelligence medical devices, and new biomaterial medical devices are highly integrated, which are typical products for high-end medical devices, and are also the key to shaping the productivity of new medical devices.

Congo extends cobalt export ban for three months to curb supply

The Democratic Republic of the Congo extended its temporary ban on cobalt exports for three months, continuing its efforts to curb oversupply in the international market, according to the regulator's statement. The Congo produces about three-quarters of the cobalt used in electric vehicle batteries. The country previously imposed a four-month export ban starting February 22. In recent years, as China's Luoyang Molybdenum Industry Group increased production at two large mines in the Central African country, a surge in cobalt supply caused prices to plummet. The Congolese Strategic Minerals Market Supervisory Authority said in a statement that the extension of the export ban was “due to continued high market stocks.” The document is dated Saturday and was signed by Supervisory Authority Chairman Patrick Luabeya.

Shortly before the ban first came into effect, the benchmark price of cobalt fell below $10 per pound — the lowest level in 21 years except for a brief decline at the end of 2015, according to Fastmarkets data. Since then, prices have risen by nearly 60 per cent, while the price of the Congo's main export product, cobalt hydroxide, has doubled. The Congo is also considering long-term options for the country's cobalt resources, including possible export quotas to support prices and boost domestic processing. ARECOMS said in a statement on Saturday that it will announce a new decision before the extended ban expires, which may “amend, extend, or terminate this temporary ban.” It involves the Hong Kong stock Luoyang Molybdenum Industry (03993).

Research: US crackdown on subsequent development of Iran's nuclear facilities may cause oil prices to break through $130

Analyst Ziad Daoud and his team say the impact on oil depends on how Iran responds — and what actions the US will follow, and whether and when a cease-fire can be reached. The price of crude oil has risen from about $70 per barrel when Israel first launched an air strike on Iran to $77 per barrel on Friday as the market has absorbed the risks facing supply. If the extreme scenario of the Strait of Hormuz being blocked occurs, the price of crude oil could soar above $130 per barrel. This will drag down global economic growth and raise consumer prices.

Makiyuan Co., Ltd.: The Hong Kong stock issuance is expected to be completed in the fourth quarter

At the annual pig festival held recently, Makihara Co., Ltd. executives told the media that the company's Hong Kong stock issuance is likely to be completed in the fourth quarter. The details also depend on the progress of the IPO. Regarding the reason for the company's Hong Kong stock IPO, the company also stated that entering the international capital market is the foundation of the company's overseas strategy for the next five to ten years. Due to industrial development, investment in pig breeding equipment technology in the Southeast Asian market is still lagging behind. The implementation of the Vietnam project was based on the overall export of the company's farming technology and equipment over the years.

Yimai Sunshine (02522) plans to spend 54 million yuan to acquire 70% of Gaomai Health's shares

Zhitong Finance App News, Yimai Sunshine (02522) announced that on June 22, 2025, Jiangxi Ganjiang New Area Yimai Health Management Co., Ltd., a wholly-owned subsidiary of the company, plans to acquire 30.0%, 20.0% and 20.0% of Gaomai Health's shares from Guangdong Gaoshang Health Technology Group Co., Ltd., Xiamen Gaoshang Medical Imaging Diagnosis Center Co., Ltd., respectively, at a total cost of RMB 54 million.

[Individual stock prices are clear]

CNOOC (00883): Higher oil prices drive improved performance

As the situation in the Middle East continues to be tense, the international crude oil market is undergoing a new round of price revaluation. Industry observers pointed out that since the direct military conflict between Israel and Iran broke out last week, the Brent crude oil futures price has implied a geopolitical risk premium of about 8 US dollars/barrel. Market participants generally believe that if the US actually intervenes in the conflict, this premium will expand further, but the exact extent still depends on the scale and nature of military action.

CNOOC's 2024 financial indicators were steady and improving, and net profit to mother achieved strong growth. The company has always focused on the main oil and gas business, continued to increase storage and production, and achieved growth in net profit due to the combined effects of oil and gas production and net sales interest, and fluctuations in international oil prices. The cost of barrel oil has continued to decline, and the cost advantage has been consolidated. The cost of a barrel of oil in 2024 was $28.52 per barrel, down 1.08% from $28.83 per barrel in 2023.