U.S.-China Trade Truce Memorandum of Understanding Preliminary Informal Document Disclosure, Crude Oil Retreats on Short-Term Concerns, Gold Rises
May 27 (Iranian sources) – A preliminary, informal framework document for a Memorandum of Understanding (MoU) between Iran and the United States has been made public, covering issues including the Strait of Hormuz, regional military deployments, and terms for a future formal pact.
Per the document, the U.S. has committed to lifting its so-called "maritime blockade" against Iran and withdrawing some military forces stationed near Iran. In return, Iran will restore commercial vessel traffic through the Strait of Hormuz to pre-escalation levels within 30 days—excluding military ships. Management of vessel passage and route arrangements will be jointly coordinated by Iran and Oman. If the U.S. and Iran reach a final binding agreement within 60 days, the terms could be formalized as a United Nations Security Council resolution.
Market data from Bitget shows: WTI crude oil is trading down more than 5% at $91.4 per barrel; Brent crude is down roughly 4% at $92.6 per barrel. Spot gold has cl
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Futu and Tiger Brokers' Stock Prices Soar, Continued Surge in Pre-market Trading Today
May 27 — Bitget data shows that Futu and Tiger Brokers’ stock prices saw a sharp rebound yesterday and are continuing to climb in today’s pre-market session. At press time, Futu was trading at $113.65 in pre-market hours, up 5.39%; its stock is just 20% shy of its daily upside limit ahead of the announcement of China’s cross-border securities rules. Tiger Brokers, meanwhile, was changing hands at $5.1 in pre-market trading, up 1.8%.
Per today’s updates, the Hong Kong Monetary Authority (HKMA) announced three new mandatory measures for opening and managing accounts for mainland Chinese investors, and will conduct retroactive checks of account opening verifications dating back to January 2023.
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The US ADP Employment Change for the week ending on May 9th showed a weekly variation of 35,750 jobs.
May 27 – U.S. ADP Nonfarm Employment Change for the week ended May 9 came in at 35,750, down from the prior reading of 42,250.
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EMV Liability Shift Memorandum Preliminary Informal Document Disclosure
May 27 — Iranian sources have disclosed a "preliminary, non-binding framework document" for a memorandum of understanding (MOU) between Iran and the United States, covering issues including the Strait of Hormuz, regional military deployments, and future agreement arrangements.
Per the document, the U.S. has pledged to lift its "maritime blockade" against Iran and withdraw some military forces stationed around Iran. In exchange, Iran will gradually restore commercial vessel transits through the Strait of Hormuz to pre-escalation levels within one month, excluding military ships. Vessel transit management and route coordination will be jointly handled by Iran and Oman. If the two sides reach a final agreement within 60 days, the relevant terms could be formalized as a binding United Nations Security Council resolution.
Iran has emphasized it will not take any concrete actions until "verifiable and tangible" verification is completed, according to CCTV News.
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Yongping Duan Increases Stake in PopMart
On May 27, filings with the Hong Kong Exchanges and Clearing (HKEX) disclose that major shareholders of Pinduoduo have adjusted their equity stakes. Colin Huang and H&H International Investment, LLC simultaneously increased their holdings in the firm. The combined shareholding of the two concerted parties now totals 5.69%, which triggers mandatory disclosure requirements under Hong Kong’s listing rules.
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