HK/CHINA Wrap Weakness ahead of Inflation, PPI and loans data.

HSI -15pts (-0.05%) 28,596 HSCEI -48pts (-0.5%) 10,651  T/O HK$163.51bn (+6.5% DoD)

EUROPE 
Markets opened effectively flat.FTSE trading sideways in the green after good house Price Data but the DAX and CAC drifting lower. Resources leading with Tech weak ahead of inflation data due out later this week. Victrex strong to lead the Stoxx 600 after reporting a 5% rise in sales for its fiscal first half, and JPMorgan to upgraded the stock to “overweight” from “neutral” and raise its price target.
Belgian pharmaceutical company Galapagos weak.
UK 
Halifax House Price Index Apr +8.2% YoY vs +6.5% Mar (F/cast was +7.3%)
Halifax House Price Index Apr +1.4% MoM vs +1.1% Mar (F/cast was +0.4%)
US Futures 
OpenedDow futures +30 points, S&P +0.1%. Nasdaq +0.2%.  But  worked higher in Asian time but have eased back and currently Dow +65pts, S&P flat (from +0.25%) and NDX -0.3% (from +0.23%). After the Dow and S&P hit new highs on Friday.  
There are concerns about the ransomeware attack on the Colonial Pipeline which pushed Energy names higher. Tesla and Oracle weak in early trading.
Data due  ISM New York Index & Consumer Inflation Expectations
Earnings: Marriott, BioNTech, Jacobs Engineering, Simon Property Group, International Flavors and Fragrances, Wynn Resorts, SmileDirectClub, Duke Energy, Air Products, Tyson Foods, Party City, Energizer, Coty

CHINA  CSI 300 closed -4pts (-0.1%) 4,992
CSI300 opened higher, dipped to 4,990 bounced to 5,020 then oscillated around Friday’s closing level. Sold down into lunch. PM sold off to 4,950 level before grinding higher for the next 90mins and then rallied into the close, looked like Team China active.
Caution ahead of tomorrows Inflation and PPI data. We are also likely to get loans data this week which again is likely to keep investors cautious. Leaders steel and vaccine makers partly
Laggards Consumer and Financials.

Shanghai Composite +9pts (+0.3%) @ 3,428
Shenzhen Composite -16pts (-0.1%) @ 13,918
ChiNext Index +14pts (+0.5%) @ 2,946

CHINA DATA No data but Tuesday on the open Inflation and PPI

HSI
Pre market opened at 28,777 +166pts vs +85pts ADR’s and initially traded around 28,700 level for the first 30minutes but then trended lower into lunch. -93pts (-0.3%) @ 28,518E commerce names remain weak after Meituan’s ‘risky poem’ and Chinese State Administration of Market Regulation revealing the progress on its investigation and evaluation into 34 platforms. Tencent weak after its subsidy lost a patent case to Gree. Chinese Financials mainly +VE. Petrochems strong and pharma names seeing interest too as Sinopharm’s covid vaccine got WHO approval.

HONG KONG DATA 
The Centre for Health Protection (CHP) reported 4 new covid cases (vs 1 on Sunday)

Short Selling Monday 12.5% vs 16.1% Friday 
Top Shorts Country Garden (2007) 46%,Wharf REIC (1997) 35%, Hang Seng Bank (11) 34%, AIA (1299) 34%, CK Assets (1113) 33%, Sunny Optical (2382) 32%, Shenzhou Int (2313) 30%, Bank Of China (3988) 30%, MTRC (66) 29%, Galaxy Ent (27) 28%, Citic (267) 27%, Hengan (1044) 26%,BoC HK (2388) 26%, HSBC (5) 25%,Ali Health (241) 25%, SHKP (16) 25%.

AFTER MARKET NEWS 
CNLP (01589.HK) announced that Cheuk Shun Wah resigned as an executive director and the chief financial officer of the Company with effect from 10 May 2021, due to his intent to devote more time to pursue other business opportunities.
RAZER (01337.HK) announced that it had repurchased through the Stock Exchange 6 million shares today, involving roughly $16.2648 million.
POU SHENG INT'L (03813.HK) announced that the net consolidated operating revenue of the Company for April was approximately RMB1.95 billion, decreased by 11.4% as compared with that of the same month of last year.
GOOD FRIEND (02398.HK) announced that total sales for the four months ended 30 April 2021 amounted to approximately RMB318 million, representing an increase of approximately 50% year-on-year.
SINO BIOPHARM (01177.HK) announced appointment of Mao Li as the Chief Medical Officer.
GEELY AUTO (00175.HK) announced that the total sales volume. (including the sales volume of LYNK & CO-branded vehicles sold by the Group’s 50%-owned joint venture) for the month of April 2021 was 100,300 units, a decrease of approximately 5% from the same period last year, but at about the same level as compared with the previous month in March 2021
PETROCHINA (00857.HK) announced that, due to work adjustment, Li Fanrong has tendered his resignation to the Company and ceased to hold the positions of non-executive director and vice chairman of the Company.
SA SA INT'L (00178.HK) has issued a profit warning, expecting a loss of approximately HK$300 million to HK$340 million from its continuing operations during the Year ended 31 March 2021, as compared with a loss of HK$205 million last year.
LOGAN GROUP (03380.HK) announced that the contract sales attributable to the shareholders of the Company was approximately RMB11 billion in April 2021, representing a year-on-year increase of 11.9%.
The collaboration event between L'oreal Paris and Douyin was launched on the latter's platform between 30 April and 6 May, reported Chinese media. During which, the search volume. for "L'oreal Paris" burgeoned by 200% weekly on the platform.   On 1 May, the L'oreal Paris flagship store landed in Douyin's e-commence platform.
HK Express announced the completion of its first flight trial using CommonPass. By securely validating and storing COVID-19 tests and vaccine records, the digital health passport app enables travelers to easily comply with health-related entry requirements around the world, while simultaneously streamlining the HK Express pre-departure experience.  The trial took place on 6 May 2021 at Hong Kong International Airport, where HK Express flight UO172 took off for Taichung.
MARKET COMMENT 
*PETOCHEMS STRONG after fuel prices jumped in trading on Sunday night, as one of the largest pipelines in the U.S. remains closed following a cybersecurity attack, news reported. CNOOC (883 HK +4.9%) CH OILFIELD (2883 HK +6.1%) PETROCHINA (857 HK +4.5%). TOWNGAS CHINA (1083 HK +8.3%) after the company announced it was selling its 29.9% stake in Jiangsu Jinzhou to the parent for HK$50m.
*E-COMMERCE WEAK as MEITUAN's (3690 HK -7%) slump in share price led the tech index lower, falling to this year's  low. Its founder Wang posted an ironic poem, in which some interpreted it as criticizing the Chinese authorities. After the poem caused a heated discussion, Wang explained that he was referring to the competition between market players, like ALIBABA (9988 HK -2%) and JD.COM (9618.HK-2%).
Also news that in its investigational briefing on internet platforms, Chinese State Administration of Market Regulation revealed the progress on its investigation and evaluation. The Chinese watchdog will immediately set about an interim steering project on 34 online platforms. In its next step, it will mount targeted probes into those enterprises with particularly-noted loopholes.
*TECH & COMPONENTS WEAK  Q TECH (1478 HK -5.2%) after its camera module sales in April increased by 9.2% YoY, the slowest in the year. FIT HON TENG (6088 HK -5%) BYDE (285 HK -1.5%).  Cyberspace Admin of China issued a notice on illegal personal data collection by 84 apps, including TENCENT's (700 HK -0.8%) phone butler. The concerning app operators shall complete  rectifications within 15 working days starting from the date of announcement, and report on their conditions accordingly.
*PHARMA STRONG after the WHO listed SINOPHARM's (1099 HK +6.6%) Covid-19 vaccine for emergency use.
FOSUN (2196 HK +22%) on the news that it plans to set up a JV with BioNTech to realize the localized production and commercialization of mRNA vaccine products. CSPC (1093 HK +2.2%) announced that its in-house developed antibody drug conjugate (ADC) SYSA1801 has obtained an orphan drug designation from the US FDA. The targeted indication is pancreatic cancer.
*AUTO MAKERS MIXED following sales data. The China Association of Automobile Manufacturers wrote in a preliminary forecast that in April 2021, the sales volume totaled 2.173 million vehicles, -13.9% monthly but +5% yearly out Friday after market.  
Also GAC AUTO (2238 HK +3.1%) April vehicle sales +12.52% YoY to 187,100 units. BYD (1211 HK +0.8%) April vehicle sales +42% YoY to 45,234 units.
GEELY (175 HK -0.1%) GREATWALL (2333 HK -0.1%) BAIC (1958 HK +2.1%).
*HK PROPERTY STRONG on good demand in primary projects. HENDERSON LD (12 HK +1.1%) sold nearly 70% of the 196 units on offer at The Henley I in Kai Tak as of 5 pm yesterday.
RK Prop released 160 units in the fourth price list of SouthLand atop Wong Chuk Hang Station, at an average price of HK$33,980 psf after discounts, 14.45% higher than the 1st price list.
SHKP (16 HK +1%) CK ASSET (1113 HK +1.1%) NWD (17 HK +1.3%).
*CONSUMPTION WEAK on valuation concerns, as inflation expectations heat up and U.S. Treasury yields soar and ahead of inflation data this week from China tomorrow, and US, Germany, France and UK later in the weak.
RESTAURANT CHAINS WEAK  HAIDILAO (6862 HK -2.5%) JIUMAOJIU (9922 HK -7%). XIABUXIABU (520 HK -7.6%)
SPORTWEARS WEAK following recent rallies; LI NING (2331 HK -5.8%) XTEP (1368 HK -15%) ANTA (2020 HK -3.2%).

Regional Markets   
AUSTRALIA 
ASX200 opened higher and worked to test 7,170 level around midday before easing lower until around 2pm and then worked better in the close. With strong Business confidence data but Retail sales were slightly shy of the forecast. Close +92pts (+1.3%) @ 7,173
DATA
Business Confidence Apr 26 vs 17 Mar revised (F/cast was 18)
Retail Sales Mar +1.3% vs -0.8% Feb revised (F/cast was +1.4%)
Tomorrow New Home Sales
JAPAN
Nikkei opened slightly higher but quickly rallied to 29,600 level and traded sideways for an hour before testing higher to 29,685 but lacked momentum was eased back to 29,600 level going into lunch. PM opened slightly lower and drifted down to 29,500 and then traded sideways with that level as support to close +161pts (+0.6%) @ 29,518
Topix followed a similar pattern; rallied to test 1,950 initially then test 1,955 but eased back into lunch. PM trading sideways with 1,950 as support, did briefly rally to 1,955 at 2.25pm but then eased to close +19pts (+1%) @ 1,952
Japanese PM Suga clarified that he has never “put the Olympics first,” after a recent survey showed almost 60% of people in Japan want the athletic game cancelled.Pre market tomorrow Household Spending and BoJ Summary of Opinions
S KOREA
Kospi opened slightly higher and rallied to 3,220 in early trades. Eased back to 3,212 for 15 minutes but then worked back to 3,220 and after an hour worked higher again to 3,240 and traded sideways until 1pm and then worked higher to close +52pts (+1.6%) @ 3,249
Kosdaq traded in a similar pattern, initially rose to 983, eased and then worked higher for the next two hours to 990 level, eased back slightly but worked higher for the rest of the session to close +15pts (+1.5%) @ 993
TAIWAN 
Opened lower but initially tested Friday’s closing level selling down to 17,190 level. The bounced back into the green only to trend lower again; currently -52pts (-0.3%) 2 17,242
TSMC (TSM.US) announced that its consolidated revenue for April was NT$111.315 billion, +16% YoY. In 4M21, the total revenue approximated NT$473.725 billion, +16.5% YoY.
CONNECT FLOWS (increased Southbound flows)
Shanghai
Northbound Rmb 46,448m Sell 22,902m vs 23,546m Buy
Southbound HK$ 21,831m Sell 11,878m vs 9,953m Buy
Shenzhen
Northbound Rmb 52,456m Sell 24,287m vs 28,170m Buy
Southbound HK$ 25,548m Sell 15,046m vs 10,503m Buy

Active Heavyweights
MEITUAN (03690.HK) -7.1%
BABA (09988.HK) -2.1%
TENCENT (00700.HK) -0.8%
CCB (00939.HK) + 0.8%
AIA (01299.HK) +0.4%
HKEX (00388.HK) +0.4%
PING AN (02318.HK) +0.2%

HSI & HSCEI Constituents on Move:
CNOOC (00883.HK) + 4.6%
PETROCHINA (00857.HK) +4.5%, hitting new high
CITIC (00267.HK) +4.3%, hitting new high
CHINA FEIHE (06186.HK) -3.3%
ANTA SPORTS (02020.HK) - 3.2%
CKH HOLDINGS (00001.HK) +2.2%, hitting new high
HK & CHINA GAS (00003.HK) +1.7%, hitting new high
BOC HONG KONG (02388.HK) +1.2%, hitting new high

HSMI & HSSI Constituents on Move:
FOSUN PHARMA (02196.HK) +25.1%, hitting new high
SINOFERT (00297.HK) +15.5%
XTEP INT'L (01368.HK) -14.7%
ALPHAMAB (09966.HK) +13.6%
CHINA ORIENTAL (00581.HK) +12.9%
JIANGXI COPPER (00358.HK) +12.3%
MMG (01208.HK) +11.2%
CHALCO (02600.HK) +10.1%, hitting new high

MARKET HOURS NEWS.
ENN ENERGY (02688.HK)'s natural gas sales volume burgeoned by around 30% in the first quarter, mentioned Vice Chairman Zheng Hongtao. On another note, he expected the coming five to ten years to be the golden period of natural gas development.
SF REIT (02191.HK) informed its investors of a plan to guide its offer price at $4.95-5 per share, close to the upper limit of the price range $4.68-5.16, IFR reported.
MEITUAN-W (03690.HK) CEO Wang Xing had posted a Late Tang poetry, "Pits for Book-burning"  on social media earlier, which seemed sarcastic in netizens' view.  A spokesperson of MEITUAN-W said the post was initially meant to remind the Company of its constant pursuit of innovation at all times, unlike how it was interpreted online.
The consultation on revising Macau's Legal Framework for the Operations of Casino Games of Fortune will be held in the second half of 2021, Radio Macau citing the city's Gaming Inspection and Coordination Bureau (DICJ).  Hence, the Macau SAR
government will earnestly listen to opinions from various sectors to see if special requirements are needed for auctions or concession contracts in the sector.
Ethereum zoomed past US$4,000, logging a historical high for the third straight day.  The cryptocurrency surged around 5.2% to last post at US$4,125, up nearly 450% YTD according to Binance.
BioNTech (BNTX.US) is creating a Southeast Asian headquarter in Singapore and building an mRNA plant there under its plan to push global presence to Asia.
CATHAY PAC AIR (00293.HK) is offering USD senior unsecured bonds for the first time in 27 years, for a term of 5.25 years with an initial price guidance at 5.2%, according to the filings seen by South China Morning Post, after the street had rumored earlier that it has engaged investment banks for its planned USD bond sales.  The local flag carrier will use the proceeds from the offering as working capital and general corporate purposes, said the documents.
Enovate Motors inked a strategic agreement with JD-SW (09618.HK)'s JD Cars, where both sides will team up thoroughly in digital marketing, smart product customization, smart mobility and other fields.  Enovate's intelligent goods will sequentially be equipped with JD-SW's in-car voice assistant, maps and scenarios, as well as in-vehicle payment capability.
FREE GOOD is going to lodge a listing application in Hong Kong, as the South Korea miner seeks to raise US$10 million.PERFECT SHAPE (01830.HK) announced that the Group achieved sales contracts of “historical high” total value of HK$38.431 million during “Golden Week of 5•1 Holiday” for 7 days period from 1st to 7 May 2021, substantial increases of 64.1% and 335% as compared to year 2019 and year 2020 respectively.
Q TECH (01478.HK) announced that total sales volume of camera modules was 42.808 million units, up 9.2% yearly and 18.7% monthly.
Li Xiaoshuang, the general manager of the home appliance department of XIAOMI-W (01810.HK), will be re-designated as the head of the company's car unit, as Chinese media cited sources. Meanwhile, several senior executives are also sent to serve the wing, in addition to the resigned skeleton management and earlier staff of the group.
FEIYU (01022.HK) announced that it had on 6 May, 2021 completed the allotment and issuance of approximately 172 million new shares, representing approximately 10% of the Company’s enlarged issued share capital.   The new shares have been subscribed by a wholly-owned subsidiary of TENCENT (00700.HK) at approximately HK$0.6941 per share.
Overnight HIBOR last posted at 0.03964%, up for 5 days, logging a 1-month high, according to HKAB. Meanwhile, the 1-Month HIBOR related to mortgage rate last stood at 0.08143%.
ALI HEALTH (00241.HK) announced the launch of a home care service for the elderly (including the disabled ones), brushing off worries of children living apart from their parents, reported Chinese media. The service covers nearly 40 cities in China, including Beijing, Shanghai and Guangzhou.
K11 Group announced that the overall sales turnover and customer patronage grew 49% and 50% yearly during the "May 1 Golden Week" (28 April to 5 May) with cultural leisure activities held in Hong Kong, Guangzhou, Shanghai, Wuhan and Shenyang.
TENCENT (00700.HK) and the Canadian coffee chain Tim Hortons set up a QQ Music-themed cafe in Shanghai on 7 May, providing paying users with a range of special offers.  Equally, the parties mull over bringing both online and offline immersive experiences to their customers.
Douyin Huoshan shall pay TENCENT (00700.HK) RMB8 million in damages in a property right infringement trial before the Guangzhou Intellectual Property Court as its users live-broadcasted TENCENT's "King of Glory" without prior authorization, Chinese media reported.
HSBC boasted that its Asia wealth management wing had a magnificent jumpstart this year, of which the revenue gained 57% yearly to US$1.5 billion in 1Q21.   HSBC Wealth Management and Personal Banking are hiring more staff as planned, hoping to recruit more than 1,000 wealth management professionals in the region by the year end, the bank added.
XIAOMI-W (01810.HK)'s brand-new Mi Pad 5 will hopefully be rolled out in July 2021, according to GSMArena's latest information.  The new Mi Pad 5 and Mi Pad 5 Pro devices will be equipped with the Qualcomm Snapdragon 870 processor and the MediaTek Dimensity 1200 processor, respectively.
After the Government had earlier moved up its goal to supply 15,000 transitional housing units from 10,000 within three years, Matthew Cheung, Chief Secretary for Administration, said they are now only a breath away from the goal with land bank identified as of April 2021 sufficient to offer roughly 14,000 units by 2023.  In particular, more than 1,100 flats have been completed, and roughly 2,400 flats under construction, which may be completed in 2021-22.  The problem is that whilst Government can identify sites it has proved ineffective in making the developers complete units.  They delay completions to ensure that they maintain demand.
Having partaken in digital yuan trials at the May 5th Shopping Festival, TRIP.COM-S (09961.HK) is now connected to PBoC's digital RMB wallet app under partnership with ICBC.   Thus, consumers will be able to pay in digital yuan when placing orders for travel products on Trip.com.
Tesla (TSLA.US) has revised up the sales price of a Model 3 sedan in China from 8 May, whereby the basic model of the vehicle is now priced at RMB250,900, up RMB1,000.
Peter Wong, Deputy Chairman and Chief Executive of The Hongkong and Shanghai Banking Corporation Limited, has been re-elected Chairman of the Hong Kong General Chamber of Commerce (HKGCC) for the coming year, announced HKGCC.   Despite a sharp economic rebound in the first quarter of 2021, Wong said, the domestic economy is still subdued, and the economic outlook uncertain. The Chamber hoped the Government can support companies that have yet to see a recovery in the domestic market due to social-distancing restrictions, work towards reopening the border and increasing vaccination rates
The Securities and Futures Commission (SFC) announced the implementation of the Government’s grant scheme to subsidize the setting up of open-ended fund companies (OFCs) and real estate investment trusts (REITs) in Hong Kong.  For OFCs successfully incorporated in or re-domiciled to Hong Kong and SFC-authorized REITs successfully listed on the Stock Exchange of Hong Kong Limited, the scheme covers 70% of eligible expenses paid to Hong Kong-based service providers, subject to a cap of $1 million per OFC and $8 million per REIT
In an investigational briefing on internet platforms, Chinese State Administration of Market Regulation revealed the progress on its investigation and evaluation.  The Chinese watchdog will immediately set about an interim steering project on 34 online platforms. In its next step, it will mount targeted probes into those enterprises with particularly-noted loopholes.
GCL-POLY ENERGY (03800.HK) announced appointment of Mazars Certified Public Accountants LLP as the forensic accountant to conduct a forensic investigation addressing various concerns raised by the Auditors in the Audit Letter.  Trading in its shares was suspended from 1 April 2021 and will remain suspended until further notice.
One goal of the e-voucher rollout scheme was to promote the use of e-payment among merchants, especially small and medium-sized ones, wrote Financial Secretary Paul Chan in his blog. Hong Kong's 1Q21 online sales hit $6.29 billion, up 63% YoY, far aloft the overall retail sales value growth of 7.5%.  He predicted the scheme to be open for registration during the summer holiday followed by sequential handouts.
FOSUN PHARMA (02196.HK) announced that the Company and BioNTech entered into a term sheet in relation to the proposed setting up of a joint venture company for manufacturing and commercialisation of the Coronavirus Vaccine Product, to be owned as to 50% by each of FOSUN PHARMA and BioNTech, respectively.  The term of the JV Company shall be 15 years commencing from its establishment, and the place of incorporation shall be Shanghai.  Shares of FOSUN PHARMA rallied strongly on the news.
S&P Global Ratings said it is keeping India’s sovereign rating unchanged at "BBB-" for the next two years despite the economic impact from the surging pandemic.  The country would ride on a slightly faster growth in the coming few years, effectively supporting the rating, said Andrew Wood, Director, Asia Pacific Sovereign Ratings of the credit ratings agency.
Belgian politicians suspected BABA-SW's logistics unit at Liege Airport of cooperating with China's espionage activities.   The spokesperson of China's Embassy in Belgium hit out at Brussels in its statement, voicing strong dissatisfaction and opposition to its slandering of Chinese firms on trumped-up charges.
The first batch of Hang Seng TECH ETFs (trading open-end index funds) in China was greenlighted, according to Chinese media. Products of six Chinese fund companies, for example Dacheng Fund, China AMC and E Fund, were approved.
JD-SW (09618.HK)  (JD.US)'s JD Logistics has passed the listing hearing, with IPObeginning as soon as this week, according to HKEX's information.  Several local brokers have reportedly reserved margin subscription quota of more than $75 billion for JD Logistics.
PRE MARKET HOURS NEWS
MODERN DENTAL (03600.HK)'s new Vietnam plant is slated to start production by end-2021, said CFO Kwan Ngai Kit at a press conference. Despite the lack of tariff impact sector-wide, the company decided to set up a factory there considering political sensitivity, with an investment size of roughly $10 million and a targeted headcount of 200-300.  The management is ardently weighing more dividend payouts and M&As, Kwan added.
NEWBORNTOWN (09911.HK) mentioned about the media coverage which stated that the Company had entered into a comprehensive partnership with the traffic platform under ByteDance.  The Company replied that the Group has been carried out traffic operation on the Ocean Engine platform and Pangle platform under ByteDance since 2019. Despite the cooperation with the Ocean Engine platform and Pangle platform in its daily business, the report that Newborn Town had entered into a comprehensive partnership with the traffic platform under ByteDance is false.
International oil prices burgeoned in Asia this morning, where New York oil futures and London Brent oil futures shot up 1.1% and 1.2% in electronic trading hours to US$65.62 and US$69.09 per barrel.  The upsurge came after Bloomberg's report that the cyberattack on Colonial Pipeline had interrupted a half of the U.S. East Coast’s fuel supply.
ASIAINFO TECH (01675.HK) announced that its subsidiary had on 7 May 2021 entered into a strategic cooperation agreement with Tencent Cloud Computing.
Pursuant to the strategic cooperation agreement, the Group and Tencent Cloud will combine their portfolios of advantage products and technical competence to facilitate mutual empowerment and engage in intensive cooperation in areas such as domestic software production, digital operation (DSaaS), cloud business in vertical industries, artificial intelligence, security services, operation of middle office platform capacities, smart city operations, expansion in the operators’ industry and talent empowerment and training for the purpose of developing competitive integrated products and innovative solutions to jointly expand the market coverage.
Xiaomi Private Equity Fund Management Co., Ltd. was established last Friday (7th) with a registered capital of RMB100 million, citing Tianyancha's information. The place of registration is Beijing Economic-Technological Development Area. The company's legal representative is Lin Shiwei. XIAOMI-W's Xiaomi Private Equity Fund Management was wholly-owned by Xiaomi Technology Co., Ltd., and its actual controller seems to be Lei Jun.
As of the end of last year, the scale of China's public open-end funds whopped US$2.81 trillion, capturing the prime position among Asia-Pacific region for the first time, Securities Times reported.