(1) Stock Market News

- The U.S. stock market is closed for a holiday.

(2) Economic Highlights

- Fitch Ratings expects the sales of new homes in mainland China to fall by 15% to 20% this year. Fitch's Senior Director of Corporate Ratings for the Asia-Pacific region, Kim Taylor, estimates that the sales of new buildings in mainland China this year will drop to between 8.3 trillion and 8.8 trillion yuan, with an average price drop of 5%, reflecting that sales in the first four months of this year were below expectations, and also indicating significant downward pressure on new housing prices.

(3) Corporate News

- HSBC Holdings (00005)'s Swiss branch violated anti-money laundering regulations. The Swiss Financial Market Supervisory Authority (FINMA) said that HSBC's Swiss private bank violated anti-money laundering regulations, involving two politically exposed persons, but did not disclose the names of the individuals involved. Suspicious transactions occurred between 2002 and 2015, involving multiple transfers between Lebanon and Switzerland, with an amount exceeding 300 million U.S. dollars.

- Xiaomi Group (01810) had strong sales during the "618" shopping festival, with sales exceeding 26.3 billion yuan, setting a new record for large-scale promotions over the years. With the strong performance of the Hong Kong stock market today, Xiaomi's stock price rose continuously on the 19th, closing at 18.48.

- ZTE Corporation (00763) issued an announcement stating that the company received a "Plan to Reduce Shareholding" letter from Xie Daxiong, the chairman of the company's supervisory board. Xie Daxiong intends to reduce no more than 69,800 shares of the company's A-shares.