GMT EIGHT - Commercial -

Alibaba and Meituan Spend Billions, Yet the True Winners of the Food Delivery Battle Have Emerged

Hong Kong Overtakes the U.S. as Mainland Companies’ Premier Offshore Listing Venue

General Administration of Customs Reports Record Trade Oversight Since the 14th Five-Year Plan

PBOC Conducts RMB 600 Billion MLF Operation as August Net Injection Widens Sharply to Bolster Bank Lending

Policy Certainty and Enhanced Liquidity Propel Hong Kong Tech Shares; Alibaba and Baidu Rally Nearly 6%

Indian Stocks Gain as Fed Rate-Cut Hopes Lift Sentiment

Indian stocks opened higher on Monday, with the Nifty 50 rising 0.3% to 24,955 and the Sensex reaching 81,571, supported by optimism over potential U.S. Federal Reserve rate cuts. Technology shares led gains, climbing 2.5%, while mid- and small-cap stocks also advanced.

Global Markets Lifted by Fed Optimism, Investors Await Nvidia Earnings

Global equities began the week higher on August 25, 2025, lifted by expectations of a U.S. Federal Reserve rate cut in September and anticipation of Nvidia’s earnings, which could influence global tech sentiment. Asian markets advanced, U.S. Treasury yields fell, and the dollar weakened after Fed Chair Jerome Powell signaled policy easing at Jackson Hole. Commodities gained, with gold near $3,365 per ounce and oil steady on geopolitical risks.

The Consolidation of China's Shipbuilding Industry

The merger of China's two largest state-owned shipbuilding firms, China State Shipbuilding Corporation (CSSC) and China Shipbuilding Industry Corporation (CSIC), creates a dominant global entity, a move that solidifies Beijing's maritime power and military-civil fusion strategy.

How Ambition and Accidents Brought Down Shanghai’s Investment Boss

The chairman of Shanghai Municipal Investment (Group) Corp. - the city’s flagship state investment platform, has been placed under investigation after a career marked by rapid ascent, aggressive expansion and high-profile mishaps. His fall follows internal graft probes and a serious construction accident, raising questions about risk controls at one of China’s most prominent municipal investment arms.

China Broadens M&A Loan Rules to Cover Minority Stakesa

China’s financial regulator has proposed overhauling bank M&A loans so lenders can finance minority equity deals for the first time. The draft creates separate tracks for control acquisitions and “equity participation” transactions, raises allowable loan ratios, and lengthens maturities - aimed at jump-starting corporate restructuring and investment.

OCBC Pioneers Digital Finance with $1 Billion Blockchain-Powered US Commercial Paper Programme

OCBC has launched a $1 billion blockchain-powered digital U.S. commercial paper program to enhance its funding and liquidity. This initiative, facilitated by J.P. Morgan, enables near-instant settlement. Additionally, the bank partnered with the International Coaching Federation Singapore to train more than 100 senior leaders by 2027, aiming to improve workforce adaptability and talent management.

Oil Markets on Edge: Ukraine Tensions and Central Bank Moves Fuel Volatility

Geopolitical tensions and monetary policy shifts are driving volatility in oil markets. Recent Ukrainian attacks on Russian energy sites and U.S. tariff threats against India are affecting supply. Meanwhile, expectations of a U.S. interest rate cut are boosting investor confidence. These dynamics are set against a backdrop of stable Asian oil demand, increased Middle Eastern refining, and strong half-year profits from companies like Santos.

Global Stocks Decline as Investors Await Fed Guidance

On August 22, 2025, Asian and European stocks fell as investors stayed cautious ahead of the Federal Reserve’s Jackson Hole meeting for clues on possible rate cuts. In Asia, the Nikkei, Kospi, CSI 300, and Hang Seng all weakened on the back of soft Chinese data and pressure on tech shares.

OpenAI Accelerates Work on GPT-6 With Focus on Memory and Personalization

Sam Altman revealed that GPT-6 is already in development and will arrive sooner than past upgrades, with new features centered on memory, personalization, and stronger privacy protections, signaling a pivotal shift in OpenAI’s product strategy.

Global Oil Market Shaken by U.S.-India Trade Tensions and Ukraine Conflict Uncertainty

Oil prices are rising due to a combination of geopolitical tensions. The U.S. has threatened India with a tariff increase for buying Russian crude, while uncertainty persists over the Ukraine conflict. A larger-than-expected drop of 6 million barrels in U.S. crude stocks also supported prices, despite forecasts of an upcoming market surplus.

A $10 Billion Cloud Deal Signals a New Era for Meta and Google

Meta and Google have signed a six-year, more than $10 billion cloud deal. This partnership allows Meta to use Google Cloud's services for its major AI push, including its Llama models. The agreement strengthens Google's position in the cloud market, which recently saw a nearly 32% revenue jump. It highlights the growing importance of third-party cloud infrastructure in the race for AI dominance.

Car Home (02518) achieved excellent results in the ESG field again, continuously improving its S&P Global ESG CSA rating for three consecutive years.

Recently, Autohome (02518, ATHM.US) has made significant progress in the field of sustainable development.

China–Serbia Convergence Signals a New “Silk Curtain” in Europe

Beijing and Belgrade have tightened economic, security, and technology ties from a new free trade agreement to surveillance and military cooperation, creating a de facto seam in Europe that runs counter to EU alignment. Xi Jinping’s 2024 visit to Serbia set the tone, and subsequent projects suggest a durable eastward tilt that could complicate EU enlargement and cohesion.

Japan’s Power-Chip Makers Face a Fragmentation Problem as China Ramps Up

Japan’s power semiconductor industry is investing heavily in silicon-carbide (SiC) and silicon power devices, but fragmented corporate efforts and slow alliance execution are hampering scale just as Chinese suppliers accelerate in automotive power electronics. A marquee tie-up between ROHM and Toshiba has state backing, yet industry-wide consolidation remains elusive while China’s vertically integrated players gain share in IGBTs, MOSFETs and SiC for EVs.

China Unveils Lithium Battery Twice as Powerful as Current EV Cells

A Tianjin University team has developed a 600Wh/kg lithium battery that could double EV range to 1,000km while maintaining strong safety and stability.

Markets Brace for Powell’s Jackson Hole Signal as Bets on Sharp Fed Rate Cut Grow

Traders are ramping up wagers on a half-point rate cut at the Fed’s September meeting, setting the stage for Jerome Powell’s Jackson Hole speech to become a decisive moment for global markets.

Blind Box Boom: How Labubu Propelled Pop Mart to Global Stardom

Propelled by the global craze for its Labubu dolls, Pop Mart International’s first-half net profit increased nearly five-fold. The company, which saw a 204% revenue jump, is expanding its global footprint and exploring new entertainment ventures, cementing its position as a major player in the worldwide toy market.

A Geopolitical Thaw: China-India Rapprochement Amid U.S. Trade Tensions

China has lifted its rare earth magnet export restrictions on India, fostering a diplomatic thaw driven by mutual U.S. trade pressures. This move, part of a broader rapprochement, follows a recent border truce and aligns with a global rebound in China's rare earth exports, underscoring its strategic market control amid evolving geopolitical dynamics.

China’s F&B Sector Faces Historic Shakeout with 3 Million Closures

Nearly three million restaurants and cafes shut down across China in the past year, reflecting oversupply, weak demand, and rising costs that have pushed the once-thriving food and beverage industry into crisis.

The Shifting Tides: Could Megacap Dominance in the Market be Over?

Bank of America suggests the long era of megacap stock dominance is nearing an end. The firm’s analysis points to a shift from a market downturn to a recovery phase, which historically broadens market leadership. With small-caps already showing signs of outperformance, this transition could signal a new period of more diversified market gains, urging investors to reconsider their portfolio concentration.

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