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According to Jinshi reports, the Federal Reserve's dot plot shows a clear hawkish tendency, leading to a sharp decline in Shanghai gold and silver futures at the opening. Goldman Sachs has issued a warning that the hawkish shift is not solely due to oil, and when precious metal prices will stabilize remains a focal point of market attention.

The Shanghai Stock Exchange officially released the "Guidelines for the Application of the Shanghai Stock Exchange Issuance and Listing Review Rules No. 10 - Applicable to AI Large Model Enterprises under the Fifth Set of Listing Standards for the Sci-Tech Innovation Board," aimed at leveraging the role of the capital market to support the development of AI large model enterprises in China that are in a critical period of large-scale commercialization.The "Guidelines" combine the actual situation of technological innovation in the field of AI large models and clarify the specific requirements for applying the Fifth Set of Listing Standards for the Sci-Tech Innovation Board:Definition of Main Business: The issuer's main business must be clearly defined as "independent research and development of AI large models, model services, or model applications," while simultaneously supporting both general large models and industry-specific models.Requirements for Stage Achievements: When applying, enterprises must meet the condition of "at least one large model product has been launched and achieved large-scale application" as a standard to verify the feasibility of their product business model and commercialization capability.The Shanghai Stock Exchange stated that the next step will be to actively and steadily promote the issuance and listing of AI large model enterprises that meet this standard on the Sci-Tech Innovation Board under the guidance of the China Securities Regulatory Commission, to provide greater support for the development of technology-based enterprises that break through key core technologies.

According to a report by Shangguan News, on May 17, 2026, an elderly man in his 70s, Mr. Gong, from Shuxin Town, Chongming, Shanghai, was deceived by a scammer posing as an "investment mentor" on a short video platform. He was lured into investing in Bitcoin with the bait of "low investment, high returns" and attempted to withdraw 100,000 yuan in cash for transfer at different bank branches twice.After noticing the unusual behavior, the bank teller activated the anti-fraud warning mechanism and coordinated with the police to intervene and dissuade him. The police explained to the elderly man, using real cases, that virtual currency trading and speculation are explicitly prohibited in the country, and that so-called "Bitcoin investments" are all scams. They helped him delete the fraudulent software and block the scammer on WeChat on the spot. After two rounds of patient persuasion from the police and the bank, the elderly man ultimately recognized the scam and gave up the transfer.

According to Catcher Predict monitoring, in the predicted market Polymarket for the event "Dota 2: Natus Vincere vs Aurora (BO3) - DreamLeague Playoffs," the "Yes" option in the sub-market "Both teams defeat Roshan" has seen a dramatic fluctuation in win rate, soaring from 50% an hour ago to the current 90% (a fluctuation of 40%). Please note the impact of related breaking news.

According to Hongxing News, the police in Linyi, Shandong recently dismantled a telecom fraud gang targeting minors, seizing about 140,000 yuan in illegal gains and 20,000 in virtual currency on site. Preliminary investigations have confirmed that the gang has carried out over 200 fraud cases nationwide, involving a huge amount of money.The police disclosed that the criminal gang used "free game skins and equipment" as bait to lure minors into using their parents' phones and remotely controlling the victims' devices through screen sharing to carry out transfer fraud. The stolen money was then laundered in batches through methods such as mobile phone top-ups, electricity bills, and property fee payments. The upstream fraud platform settled funds through virtual currency, and the suspects took about 20% of the fraud amount as their share. It is reported that the gang leader had previously traveled to Myanmar to engage in fraudulent activities and has strong counter-investigation experience. The case is still under further investigation.

According to Jinshi reports, the Shenzhen Component Index fell more than 1% in the afternoon, the Shanghai Composite Index dropped 0.4%, and the ChiNext Index fell 0.5%.

According to Jinshi reports, the Shenzhen Component Index rose by more than 2%, the ChiNext Index rose by 2.9%, and the Shanghai Composite Index rose by 0.9%.

At the Ethereum University Tour - Shanghai Station Fudan University special event, SYNBO was invited to give a keynote speech, systematically breaking down the evolution logic of the public chain ecological investment and financing market.Currently, the primary market in the industry heavily relies on offline intermediary models, facing four major disconnection issues in terms of access, trust, capital release, and profit distribution.In response to the existing pain points in the industry, SYNBO is committed to transforming capital operations into on-chain verifiable rules, relying on delivery-oriented capital release, dynamic pricing and financing share trading, continuous asset generation mechanisms, and community co-construction models to build a native on-chain investment and financing protocol system.The SYNBO model will break down traditional VC industry barriers, lower the financing threshold for innovation and entrepreneurship, and promote the industry's development from "asset on-chain" to "on-chain capital efficiency upgrade," creating sustainable endogenous growth momentum for the entire public chain ecosystem.

Shanghai officially issued the "Several Measures to Support the Development of the Game and E-sports Industry in Shanghai" (referred to as "Game Shanghai Ten Measures"), which points out that it will support game and e-sports companies in the research and application of technologies such as AI large models, blockchain, big data, the Internet of Things, cloud computing, as well as terminal devices and game development engines, 3D modeling software, and other basic game development tools.Actively promote the application of blockchain technology in areas such as copyright registration, rights protection, transactions, and settlement, and encourage game companies to establish partnerships with electronic device manufacturers to explore more possibilities for multi-terminal development of games.

According to Jinshi reports, the Shenzhen Component Index fell by more than 2%, the ChiNext Index dropped by 2.8%, and the Shanghai Composite Index decreased by 1.12%. More than 4,600 stocks in the entire market declined.

According to Jinshi Data, the Shanghai Stock Exchange has accepted the IPO application of Yushu Technology Co., Ltd. for the Sci-Tech Innovation Board, with a proposed financing amount of 4.202 billion yuan.

A typical case was recently disclosed by the Zhangqiao District Court in Jinan City, Shandong Province, China: Liu entrusted his friend Zhang to invest in "Alpha Coin," with the platform showing daily earnings of hundreds of yuan. After the investment, the platform became inaccessible, and Zhang informed Liu that the platform's person in charge had been filed for criminal charges. Liu sued Zhang for the return of the investment.After hearing the case, the court concluded: investing in virtual currency disrupts financial order and endangers financial security; therefore, the entrusted contract in this case is invalid. Zhang did not profit from the entrusted action, and the investment loss is a risk associated with engaging in illegal financial activities, which should be borne by Liu. The judge reminded that the announcement by seven departments in 2017 and the notice by ten departments in 2021 clearly state that activities related to virtual currency are illegal financial activities, and investment losses are not protected by law. Even if operated by others on behalf of someone, as long as the essence is participating in virtual currency trading, it is also not protected by law.

According to the Jinan Daily, Li Weiwei, a female police officer from the Economic Investigation Unit of the Dezhou Public Security Bureau in Shandong Province, China, optimized her investigative methods by tracking the flow of funds transaction by transaction during the analysis of a telecom fraud case.After detailed analysis, Li Weiwei discovered a new type of criminal model that combines "traditional underground banks + virtual currency," which is more concealed and harder to trace. After several days of continuous effort, she ultimately identified 12 main criminal suspects, over 100 financial accounts, and 6 virtual currency wallet addresses. Together with the special investigation team, she created a clear organizational structure chart and a flow chart of the funds, legally freezing the assets involved in the case, successfully solving Dezhou's first underground bank case involving virtual currency.

Hangzhou Xiaoshan District issued the "Several Measures to Support the Development of OpenClaw & OPC-STC in Hangzhou Xiaoshan District (Draft for Comments)." It encourages the establishment of market-oriented and professional innovation platform carriers to set up "OpenClaw-like Intelligent Agent Service Areas," providing free deployment of OpenClaw-like intelligent agents and offering one-stop services such as technical guidance and market promotion. Certain subsidies will be granted to eligible innovation platform carriers.For eligible OPC-STC enterprises, a subsidy of 30% will be provided for the actual model invocation fees paid for using OpenClaw-like intelligent agents to call domestic multimodal large models for AIGC creation and production, with a maximum annual subsidy of 100,000 yuan per enterprise.

Solana has reached a partnership with Alibaba's Shanghai Hongqiao Ali Center to jointly establish the Solana Shanghai Builder Station. This site is supported by relevant government units in the Minhang District of Shanghai and is the first Builder Station set up by Solana in the Chinese-speaking market. It is also a co-creation space for developers centered around the international public chain ecosystem.The platform is positioned as a long-term infrastructure node for technological development, aiming to provide developers with technical co-creation, industry connections, and international links, while offering full-chain incubation support around Layer 1 underlying technology research, Web3 application development, and more.

The Hong Kong Monetary Authority, the Shanghai Municipal Data Bureau, and the National Blockchain Technology Innovation Center of China today jointly signed the "Memorandum of Cooperation on Digitalization of Freight Trade and Finance between Shanghai and Hong Kong" to further promote in-depth cooperation between Shanghai and Hong Kong in the fields of digital empowerment of freight trade and finance, leveraging Hong Kong's unique advantages as a "super connector" and "super value creator" to facilitate internal and external connectivity, and supporting Shanghai in connecting with the international data ecosystem through Hong Kong.According to the "Memorandum of Cooperation," the Hong Kong Monetary Authority, the Shanghai Municipal Data Bureau, and the National Innovation Center will jointly research innovative cooperation in digital technology and applications, promoting innovation in the application of digital technology in freight trade, finance, and other fields. The parties will jointly explore the use of digital technology to build a "cross-border platform," carry out cross-border financial cooperation in the Ensemble project, study how to apply electronic bills of lading, and promote integration with commercial data connectivity and CargoX, using freight and trade data to drive trade financing between the two regions.

According to Decrypt, South Korean Deputy Prime Minister and Minister of Economy and Finance Choo Kyung-ho has pledged to undertake a comprehensive reform of the way public institutions handle digital assets.A series of previous incidents have exposed weaknesses in the government's custody and oversight of seized cryptocurrencies. Choo stated that he would collaborate with institutions such as the Financial Services Commission and the Financial Supervisory Service to examine the current status and management practices of digital assets held and managed by the government and public institutions through measures such as seizures, and to swiftly take action to enhance the security of digital assets to prevent similar incidents from occurring again. He emphasized that the digital assets held by the government are limited to those obtained through legal enforcement measures such as tax seizures or criminal investigations.

According to the Huaxia Times, the People's Court of Jing'an District in Shanghai recently heard a dispute case regarding virtual currency investment. Investor Ms. Wu invested 1.05 million yuan to purchase USDT under the inducement of a live-streaming host, but later was unable to withdraw her funds due to the trading platform being inaccessible.Both the first and second instance of the court dismissed Ms. Wu's claims, determining that virtual currency does not have the same legal status as legal tender, and that related trading activities are considered illegal financial activities, violating public order and good morals, thus constituting invalid civil actions, with losses to be borne by the investor herself. This case echoes the notice issued on February 6 by the People's Bank of China and eight other departments regarding "further prevention and handling of risks related to virtual currencies," reaffirming China's prohibitive policy stance on virtual currencies.

The Shanghai headquarters of the People's Bank of China held a press conference for the first quarter of 2026, introducing the financial operation situation of Shanghai in 2025 and answering questions from reporters. Zhou Peng, deputy director of the Monetary Credit Research Department of the Shanghai headquarters, stated that the People's Bank of China has made a series of new progress in promoting the construction of Shanghai as an international financial center and has implemented the refinancing policy for blockchain letters of credit in the shipping trade zone.The international operation center for digital renminbi has officially started operations in Shanghai, and the pilot program for the multilateral central bank digital currency bridge is also being advanced. Efforts are being made to enable the function of using bank cards and digital renminbi hard wallets to pass through the gates across the entire Shanghai metro system, fully supporting the preparation and operation of the International Monetary Fund (IMF) Shanghai center.