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BUSINESS1d agoSouth Korea Aug exports up 68 . 7 % y / y , expand for 15th straight monthSouth Korea's exports increased significantly year-over-year in August, marking the fifteenth consecutive month of expansion.finance.yahoo.com · United States
BUSINESS1d agoUS Treasury’s Bessent calls on Japan to boost yen through interest rate hikesUS Treasury Secretary Scott Bessent says he believes Japan’s government and central bank will take action that leads ‌to a stronger yen, signalling a strong chance of a Bank of Japan (BOJ) interest rate hike in September. The remarks to CNBC on Monday followed those by Bessent a day earlier, when said he expected BOJ Governor Kazuo Ueda to “do the right thing” on monetary policy to combat yen declines. “I have information that the market doesn’t have, and it’s my belief that the Japanese...South China Morning Post
BUSINESS1d agoShein shares plunge up to 28% in grey market ahead of Hong Kong debutShein Global Holdings shares plunged in the grey market day ahead of its Hong Kong debut, further shaking market confidence in the company’s valuation. On Monday evening its shares closed 13.1 per cent lower at HK$42.2 after dropping as much as 28 per cent, according to Futu Holdings data. With a board lot size of 100 shares, each lot yielded a loss of HK$636, excluding transaction fees. Shein raised HK$13.6 billion (US$1.7 billion) after pricing shares for its Hong Kong listing at just above...South China Morning Post
BUSINESS1d agoCNBC's The China Connection newsletter: McKinsey's contrarian economic viewIn many ways it seems that the party has ended for many U.S. and European corporations that once enjoyed a big advantage in China.CNBC
BUSINESS1d agoHBO Max to expand Japan reach through Prime Video, HuluHBO Max plans to increase its presence in Japan by partnering with Prime Video and Hulu. This move aims to broaden the streaming service's audience in the Japanese market.Seeking Alpha Tech
BUSINESS1d agoThings might be heating up for Philip Morris in ChinaSeeking Alpha Tech
BUSINESS1d agoUS targets China’s global trade surplus at G20 meeting ahead of Xi-Trump summitUS Treasury Secretary Scott Bessent on Monday targeted China’s global trade surplus, raising concerns over “excessive imbalances,” weeks before Chinese President Xi Jinping is expected to arrive in Washington for a bilateral summit with US President Donald Trump. “We are confronting persistent global imbalances that undermine prosperity,” Bessent said in his opening address at the G20 Finance Ministers’ meeting in Asheville, North Carolina. The United States holds the G20 presidency in 2026,...South China Morning Post
BUSINESS1d agoUpdate : China August PMI signals improved sentiment , steady new momentumAn update indicates that China's August Purchasing Managers' Index (PMI) shows improved sentiment and sustained new momentum. This suggests positive economic trends for China.beijingbulletin.com · China
BUSINESS1d agoSky - high power bills push Pinoys to go solarHigh electricity costs are driving Filipinos to adopt solar power solutions. This trend reflects consumer responses to rising utility expenses and a shift towards alternative energy.philstar.com · Philippines
BUSINESS1d agoPhilippines exports to grow above target this year †DTIThe Philippines' Department of Trade and Industry forecasts that the country's exports will exceed targets this year. This indicates a positive outlook for the nation's trade performance.philstar.com · Philippines
BUSINESS1d agoBessent expects Japan to take action to boost yen, signals BOJ rate-hike chanceYahoo Finance
BUSINESS1d agoLand tender for flagship Northern Metropolis tech hub draws 6 bidsHong Kong’s flagship technology hub at the border received a better-than-expected six bids from conglomerates and hi-tech firms for its inaugural land tender by the deadline on Monday, with industry leaders describing the project as a springboard for mainland Chinese firms going global. Following the close of the tender opened in June, the Loop Hong Kong Park Company, which operates the Hong Kong-Shenzhen Innovation and Technology Park (HSITP), said it received strong interest for four land...South China Morning Post
BUSINESS1d agoWeRide will join the HKEX Tech 100 IndexWeRide is set to be included in the HKEX Tech 100 Index. This signifies recognition and potential increased visibility for the company in the financial market.Seeking Alpha Tech
BUSINESS1d agoHong Kong emerges as Asia’s top hub for start-up potential, ranks fifth worldwide: studyHong Kong leads Asia in high-growth start-up potential and ranks fifth globally, showing the city’s growing strength in nurturing scalable ventures and unicorns, according to joint research published by market research firm CB Insights and the Hong Kong Science and Technology Parks Corporation. The white paper, released on Monday, said Asia operated on a distributed network where distinct markets specialised in different stages of the technology life cycle, unlike Silicon Valley’s single-hub...South China Morning Post
BUSINESS1d agoSo-Young International reports Q2 resultsSo-Young International has released its second-quarter financial results. This provides an update on the company's recent business performance.Seeking Alpha Tech
BUSINESS1d agoSingapore to invest US$173m over 3 years to boost fintech innovationSingapore will commit S$220 million (US$173 million) over three years to boost its fintech sector, including co-funding at least 1,000 internships in a strong push to build talent for AI and other emerging technologies. The funds come under the latest iteration of the Financial Sector Technology and Innovation Scheme (FSTI), which aims to strengthen the country’s fintech space and accelerate innovation and technology adoption in the financial sector. The industry currently has more than 1,800...South China Morning Post
BUSINESS1d agoChina film studio lets tourists act in short dramas for US$30 to fight low attendanceChina’s Hengdian World Studios, the world’s largest film and TV studio, is now offering tourists the chance to shoot their own short dramas for about 200 yuan (US$30) per person, as a response to the recession caused by artificial intelligence. Previously, tourists flocked to Hengdian World Studios to admire the sets of their favourite dramas and explore the national 5A-rated attraction, which features over 100 sub-studios spread across 30 sq km and showcasing 5,000 years of history. Now, these...South China Morning Post
BUSINESS1d agoCoupang dispute fuels new U.S. tariff pressure on South KoreaSouth Korea's dismissal of Congress' allegations that it discriminated against U.S.-based Coupang is straining the country's ties with the U.S., sources said.CNBC
BUSINESS1d agoJapan weighs buyback of 210 , 000 tons of emergency rice to prevent price slump - XinhuaJapan is considering buying back 210,000 tons of emergency rice to prevent a price slump. This indicates government intervention to stabilize the domestic agricultural market.english.news.cn
BUSINESS1d agoSBF chairman Mark Lee to replace Teo Siong Seng on Enterprise SG boardMark Lee, chairman of SBF, is set to replace Teo Siong Seng on the Enterprise SG board. This indicates a leadership transition within the organization.businesstimes.com.sg · Singapore
BUSINESS1d agoHot property: Big banks, fashion stores seek ‘cheaper’, eye-catching Hong Kong retailFrom big banks to fashion brands, tenants are taking advantage of potential lower rents for retail space in Hong Kong’s prime areas as they utilise eye-catching locations to boost visibility towards customers, according to agents. HSBC is unveiling its first flagship branch at the Capitol Centre, which was previously occupied by fashion retailers such as Chanel, Victoria’s Secret and Forever 21, as the bank prepares to close two branches in one of the city’s top shopping areas, Causeway Bay. The...South China Morning Post
BUSINESS1d agoHong Kong retail sales rise 4.5% in July, marking 15th straight month of growthHong Kong’s retail sector recorded growth for a 15th consecutive month in July, with the government reporting a 4.5 per cent increase year on year, although the pace of expansion slowed amid adverse weather and continued outbound travel by residents. Retail sales value for the month reached HK$31 billion (US$4 billion), while sales in the first seven months of the year grew by 8.9 per cent compared with the same period in 2025, according to provisional figures released by the Census and...South China Morning Post
BUSINESS1d agoHong Kong and Singapore property shrug off fund tax breaksThe long-standing rivalry between Asia’s two leading financial centres is heating up. As Hong Kong and Singapore compete harder for investment talent, tax incentives for fund managers have emerged as the new battleground. A government bill working its way through Hong Kong’s Legislative Council would result in sweeping changes to tax rules on carried interest. The legislation, which is expected to be approved later this year, would offer preferential tax treatment to a wider range of alternative...South China Morning Post
BUSINESS1d agoWhat do China’s new housing presale rules mean for real estate developers?With China rolling out a stronger-than-expected package of measures to transition the housing market away from a presales model, analysts said the shift is a double-edged sword for real estate developers: tighter regulations are poised to squeeze cash inflows, even as the reforms aim to stimulate sales and stabilise prices over time. Under new rules released by the People’s Bank of China, presales would remain in effect but down payments and mortgage funds would be disbursed to developers only...South China Morning Post
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