Xinhua Asia-Pacific news summary at 0600 GMT, May 3

SYDNEY -- A widespread crackdown on major crime syndicates in Australia's Victoria state has netted drugs worth about 10 million Australian dollars (7.5 million U.S. dollars) as well as guns, stolen property and cash, police said on Thursday.

More than 30 search warrants were issued in the three-month operation covering the north of state capital Melbourne, with at least six men and a woman arrested and charged with drug and firearm offences, state police said in a media statement. (Australia-Drugs)

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HONG KONG -- Chinese tech giant Xiaomi on Thursday officially submitted its IPO application to Hong Kong Exchange with its dual-class shareholding structure.

It has been the first applicant with dual-class shareholding structure since Hong Kong Exchange enacted revised bourse rules on April 30 which allows companies with dual-class shareholding structures and biotech firms with no revenue to apply for listing. (Hong Kong-Xiaomi)

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VIENTIANE -- Lao economists have called on the government to pay more attention to preparations for the country's expected graduation from the least developed country (LDC) status, to ensure sustainable development.

If Laos leaves the LDC grouping as anticipated, possibly in 2024, it will result in a reduction of Official Development Assistance (ODA) and assistance under the Generalized Scheme of Preference (GSP) granted to exporters by many developed nations, local daily Vientiane Times reported on Thursday. (Laos-Development)

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SEOUL -- Seven out of 10 South Korean people believe that a complete denuclearization on the Korean Peninsula will be possible, a local survey showed Thursday.

According to the Realmeter poll, 71.4 percent of respondents said a complete, verifiable, irreversible denuclearization will be possibly achieved. (S. Korea-Denuclearization) Enditem