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Hong Kong Monetary Authority: Three new regulatory measures for investment accounts of mainland investors, with account opening verification retroactive to January 2023

According to a report by the Financial Associated Press, in response to the issue of "some banks in the Hong Kong region requiring a declaration to open investment accounts," the Hong Kong Monetary Authority (HKMA) responded today that the relevant regulatory requirements were issued to all recognized institutions on May 22.Materials provided by the HKMA indicate that registered institutions must take three additional measures when opening and managing investment accounts for mainland investors, including:Closing investment accounts opened using suspicious or forged documents, identifying customer investment accounts that have used suspicious or forged documents since January 2023 or during any other period specified by the HKMA; relevant documents include identification documents.Closing investment accounts with zero balance that have been inactive, specifically referring to investment accounts held by mainland investors that have had no asset balance as of May 22, 2026 (reference date), and have had no activity initiated by the customer in the 12 months prior to the reference date.When opening new investment accounts, obtaining a written declaration from the mainland investor confirming that all funds used to support investment activities and related settlements come from legal sources outside mainland China.Relevant documents show that the newly added additional regulatory measures apply only to investment accounts, including investment accounts within comprehensive bank accounts; non-investment functions (such as regular savings, time deposits, payments, loans, and credit cards) are not within the scope of these measures. Additionally, the applicable subjects of these additional measures are individual customers and do not apply to corporate or institutional clients.

Gate Pay for AI Agent has completed its upgrade, further connecting the automatic payment and execution chain for AI Agents

Gate announced the completion of a new round of product upgrades for Gate Pay for AI Agent and the launch of multiple new features, further enhancing the payment and automatic execution capabilities in AI Agent scenarios. This upgrade focuses on core capabilities such as service discovery, automatic payment, pay-per-use billing, high-frequency micro-payments, multi-wallet collaboration, and automatic settlement, further integrating the payment mechanism into the AI workflow.The upgrade emphasizes enhancing the service discovery and automatic payment capabilities of Gate Pay for AI Agent. Within the scope of user authorization, AI can automatically complete payments, signatures, and result retrieval based on payment requirements during the service invocation process, reducing the need for frequent user intervention and allowing complex tasks to be completed continuously within a unified process. At the same time, Gate Pay for AI Agent supports aggregated payments and automatic settlements for high-frequency, small-value calls, thereby reducing payment overhead and improving overall execution continuity, significantly enhancing execution efficiency and reducing transaction friction.In the future, Gate will continue to promote the capability development of Gate Pay for AI Agent in the directions of automated payments, on-chain settlements, and AI service collaboration, further connecting AI Agents, digital assets, and real commercial scenarios, providing more open and efficient infrastructure support for the next generation of AI-native economy.

Tom Lee: The bear market for tech giants is over, but other sectors may face a "rolling bear market."

Fundstrat's research director Tom Lee stated that although the "Tech Seven" have emerged from the downturn, the overall market risks have not been alleviated, and other sectors may gradually enter a "rolling bear market" later in 2026.He believes that the demand for AI remains strong, which will support the major indices in maintaining resilience by the end of the year, but internal market differentiation will intensify. In an interview with CNBC, he said, "The bear market for the Tech Seven and the software sector has ended," but emphasized that this does not represent the overall market.Lee pointed out three potential disruptive factors: fluctuations in the midterm election cycle, selling pressure after the lock-up period for tech company IPOs expires, and tight energy supply. Among these, he views energy as the most direct risk, warning that "the moment of reckoning is approaching: there is a shortage of oil product inventories that cannot be alleviated in the short term," and companies reliant on energy will be under pressure.He remains optimistic about the core support of the U.S. economy—energy independence and improved AI productivity—advising investors to focus on areas with strong earnings certainty, stating that "the companies that truly strengthen are those that control scarce resources." He mentioned that the semiconductor sector has shown signs of overheating, but in the short term, capital momentum still leans towards AI suppliers and tech leaders, while other industries may gradually enter an adjustment phase.

The demand for metal as a safe haven continues to rise, with Gate's gold and silver contracts maintaining a stable position among the top two globally in terms of open interest

Recently, the volatility in the metal market has continued to intensify, with gold and silver prices maintaining high-level fluctuations. According to market data from the Gate platform, silver (XAG) reached a 24-hour high of $77.61 and is currently reported at $76.89; gold (XAU) reached a 24-hour high of $4,549.78 and is currently reported at $4,514.90, with an overall strong trend. According to CoinGlass data, the 24-hour contract position for silver (XAG) on the Gate platform reached $100 million, with a 24-hour trading volume of $131 million; the 24-hour contract position for gold (XAU) reached $180 million, both ranking among the top two globally. As global macro uncertainty increases, market risk aversion continues to rise, further driving the growth of metal trading activity.Gate has pioneered the metal contract trading sector, providing 24/7 uninterrupted trading, offering users greater strategic flexibility and asset management efficiency in volatile markets. Gate contracts cover a variety of traditional financial assets, including stocks, metals, foreign exchange, indices, and commodities, supporting trading in core assets such as gold, silver, and globally popular stocks. Gate continues to build a more efficient and professional multi-asset one-stop trading platform for global users.
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