The Week Ahead: Xi Visits North Korea; SpaceX Sets for IPO
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June 8: Hang Seng indexes adjustment takes effect
The latest adjustments to the Hang Seng Index, Hang Seng China Enterprises Index, Hang Seng Tech Index and Hang Seng Composite Index take effect. Notably, Chinese artificial intelligence leaders MiniMax and Zhipu will join the Hang Seng Tech Index, addressing its previous lack of pure AI-chip and hard-tech stocks.
June 8: Xi visits North Korea
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- Hang Seng indexes adjust on June 8; MiniMax and Zhipu join the Tech Index. Xi Jinping visits North Korea June 8-9. Apple’s WWDC starts June 8; Tim Cook delivers final keynote.
- June 10-12: International Infrastructure Forum in Macao; Caixin Summer Summit in Hong Kong June 11-12; Shanghai Tech Fair features 22 countries; China-South Asia Expo in Kunming June 11-16, trade over $200 billion.
- June 12: Cross-border brokerages Tiger Brokers, Longbridge, Futu suspend new positions in China. SpaceX expected to list on Nasdaq, raising $75 billion at ~$1.77 trillion valuation.
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Who’s Who
- MiniMax
- MiniMax is a Chinese artificial intelligence leader. On June 8, 2025, it joined the Hang Seng Tech Index along with Zhipu, addressing the index's previous lack of pure AI-chip and hard-tech stocks.
- Zhipu
- Zhipu, a Chinese AI leader, will join the Hang Seng Tech Index on June 8, 2025, alongside MiniMax. This addition addresses the index's previous lack of pure AI-chip and hard-tech stocks.
- Apple
- Apple will hold its Worldwide Developers Conference on June 8 at Apple Park in Cupertino. CEO Tim Cook will deliver his final keynote before transitioning to executive chairman of the board on September 1.
- Tiger Brokers
- Tiger Brokers, a cross-border brokerage, will suspend new position openings and deposits for existing mainland Chinese clients starting June 12, 2025, to comply with industry regulations. After that date, the platform will only support selling, closing positions, and withdrawals.
- Longbridge
- Longbridge is a cross-border brokerage mentioned in the article. Starting June 12, it will suspend new position openings and deposits for existing client accounts on the Chinese mainland to comply with regulations, only supporting selling, closing positions, and withdrawals.
- Futu Holdings
- Futu Holdings is a cross-border brokerage that, along with Tiger Brokers and Longbridge, will suspend new position openings and deposits for existing client accounts on the Chinese mainland starting June 12, complying with industry regulations. Only selling, closing positions, and withdrawals will be supported.
- SpaceX
- SpaceX is set for a Nasdaq IPO on June 12 under ticker SPCX. It aims to raise $75 billion by issuing 555.6 million shares at $135 each, targeting a valuation of $1.77 trillion, making it the largest IPO in global capital market history.
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What Happened When
- June 8, 2026：
- Event 1
- June 9, 2026：
- Event 2
- June 10, 2026：
- Event 3
- June 11, 2026：
- Event 4
- June 12, 2026：
- Event 5
- June 13, 2026：
- Event 6
- June 14, 2026：
- Event 7
- June 15, 2026：
- Event 8
- June 16, 2026：
- Event 9
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