Shenzhen

Shenzhen, a major metropolis in southern China and a key technology and manufacturing hub, is currently in the news for several reasons. The city's Huaqiangbei district is experiencing soaring memory chip prices, reflecting global demand. Simultaneously, a significant gold trading platform collapse in Shenzhen has resulted in substantial losses for retail investors, highlighting risks in the gold market. Investor sentiment in China, including in Shenzhen, is influenced by US-China relations and domestic economic concerns. Despite these challenges, technological advancements continue, with Tencent developing new AI features within its Yuanbao app. Transportation links are expanding, with Hong Kong's high-speed rail offering promotions for routes to Shenzhen's Futian. Qianhai, a district in Shenzhen, aims to strengthen its partnership with Hong Kong. BYD, a Shenzhen-based EV maker, is pursuing ambitious export growth. Finally, Singapore Exchange is exploring deeper ties with exchanges in Shanghai, Shenzhen, and Hong Kong, and Nvidia's CEO recently visited Shanghai.