Hong Kong-listed chip stocks rebounded: XinZhi Holdings (02166.HK) rose over 20%, Nationz Technologies (02701.HK) climbed more than 17%, and Tianshu Zhixin (09903.HK) and SMIC (00981.HK) gained around 5%.

CATL on June 22 unveiled what it describes as the world’s first validated station-level sodium-ion energy storage solution, launching the Tianheng sodium-ion system. A single system exceeds 30MWh and uses a fully modular design separating energy and power modules. CATL plans first China deliveries in September (this year), targets 1GWh of sodium-ion shipments in 2026, and expects global deliveries to start in June next year.

BOC Governor Macklem: growth of non-bank lenders has made addressing imbalances more difficult.