Business Brief (June 11): China’s Auto Exports Extend Surge on NEV Boom
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Auto exports
China exported 930,000 vehicles in May, a 68.7% year-on-year increase, continuing a rapid growth trend. New-energy vehicle (NEV) exports surged 110% to 446,000 units. In the first five months of the year, auto exports totaled more than 4 million units, with NEVs accounting for more than 45%.
Optoelectronic chips
China’s IT ministry issued a notice calling for efforts to strengthen the research and development of high-end optoelectronic chips and devices. The goal is to establish an integrated framework by 2028 and create more than 30 high-value scenarios.
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- China auto exports in May rose 68.7% YoY to 930,000 units; NEV exports surged 110% to 446,000 units.
- China's IT ministry aims to strengthen high-end optoelectronic chip R&D, targeting an integrated framework by 2028 and 30+ high-value scenarios.
- Hong Kong SFC clarifies licensed institutions can open accounts for mainland investors; mainland residents paid ~13 billion yuan in overseas income back taxes.
- Eoptolink Technology
- Eoptolink Technology (300502.SZ), also known as 中际旭创, is a Chinese optical module giant. It is planning a Hong Kong IPO, according to a recent Caixin article.
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