GMT EIGHT - Economy&politics -

Caocao Mobility Shares Tumble 19% on Hong Kong Debut Amid Financial Concerns and Competitive Pressures

Ping An Acquires HKD 180 Billion in Bank H-Shares Over Six Months

EU Signals Retaliatory Tariffs on U.S. Goods Ahead of Trade Deadline

Fed Chair Powell Reiterates Wait-and-See Approach, Emphasizes Data-Driven Policy Adjustment

Six Authorities Introduce 19 Financial Measures to Stimulate Consumption Across Key Sectors, with Focus on Residential Services and Innovative Financing Models

US June new car sales expected to increase by 2.5% year-on-year; low base may make the data seem "inflated"

J.D. Power and GlobalData said in a joint report on Wednesday that total adjusted new vehicle sales in the United States are expected to increase by 2.5% in June, to 1.25 million units. However, without adjusting for selling days, sales have decreased by 5.4% compared to the same period in 2024.

The European Commission may issue new regulations on stablecoins, ignoring warnings from the European Central Bank.

According to reports, the European Commission plans to announce new regulations for the rapidly growing stablecoin market in the coming days.

NATO achieves a major victory through historic defense spending plan, Trump harvests significant win

On Wednesday, NATO leaders reached an agreement at a crucial summit in The Hague, Netherlands, agreeing to increase defense spending to 5% of GDP, reaffirming their commitment to collective defense.

Iranian authorities confirm: nuclear facilities "severely damaged" in US airstrike

The Iranian foreign ministry spokesman said that Iran's nuclear facilities were "severely damaged" in the US airstrike, but he did not provide further details.

The fifth phase of the Digital Port building is set to be completed within this year, supporting research and innovation in cutting-edge technologies such as artificial intelligence.

The fifth phase building of Cyberport is set to be completed within 2025 and will become a key landmark for innovation and technology in Hong Kong.

US Stock Exchanges Negotiate with SEC to "Loosen" Listing Regulations, Possibly Welcoming the Biggest Reform in Over a Decade

According to four informed sources, the operator of the American stock exchange is in discussions with the Securities and Exchange Commission (SEC) to reduce the regulatory burdens on listed companies, aiming to attract more high-valued startups to go public.

"Anti-vaccine Minister" Little Kennedy purges CDC Vaccine Committee, reducing the number of members to seven.

The number of members of the newly established Advisory Committee on Immunization Practices (ACIP) of the US Centers for Disease Control and Prevention (CDC), led by Dr. Robert F. Kennedy, has now been reduced to seven, with one member dropping out before the committee's inaugural meeting.

US stocks face "overvaluation risks" and need two major factors to "rescue" them.

In order to maintain its current high level, the S&P 500 index needs to see a considerable increase in profits or the Federal Reserve taking interest rate cuts.

The Indian central bank took action to "set a floor" for overnight interest rates, conducting reverse repo operations worth trillions of rupees to mop up liquidity to prevent inflation.

On Tuesday, the Reserve Bank of India (RBI) announced its plan to withdraw 1 trillion rupees (approximately 11.6 billion U.S. dollars) from the market through variable rate reverse repurchase agreements on June 27th.

National Energy Administration: In May, the National Energy Administration issued 215 million green certificates, a decrease of 0.59% compared to the previous month.

On June 25th, the National Energy Administration released the data on the issuance and trading of green power certificates for renewable energy nationwide in May 2025.

The aftershocks of the Middle East conflict have not yet subsided. The Iranian parliament passed a bill to suspend cooperation with the International Atomic Energy Agency.

According to reports, the Iranian parliament passed a bill on Wednesday to suspend Iran's cooperation with the United Nations nuclear watchdog.

Inflation risk is greater than tariff uncertainty! A hawkish member of Japan's central bank warns: may need to raise interest rates decisively.

A hawkish member of the Bank of Japan's Monetary Policy Committee said that even if the uncertainty of US tariff policy persists, the Bank of Japan may need to "decisively" raise interest rates to address inflation risks.

M&S Food Sales Growth Slows Amidst Cyberattack Disruption

The recent cyberattack on M&S, linked to Scattered Spider and DragonForce, has significantly impacted its food sales growth and operations. Classified as a "Category 2 cyber event," it's projected to cost M&S substantial profits. The incident underscores critical vulnerabilities in retail, emphasizing the urgent need for enhanced cyber resilience and robust incident response planning.

Ministry of Finance: Total lottery sales nationwide in May reached 570.36 billion yuan, an increase of 19.8% year-on-year.

On June 25th, the Ministry of Finance released the nationwide lottery sales report for May 2025.

Chan Mei Po: Amendments to the low-altitude economy regulations are expected to be implemented in July, aiming to develop Hong Kong into a low-altitude economic hub in the region.

On June 25, the Director of Transport and Logistics of Hong Kong, Chen Meibao, stated in the Legislative Council that the government attaches great importance to the development of the low-altitude economy and is promoting breakthrough applications of drone technology in different fields through the implementation of regulatory sandbox pilot projects.

Bank of America: The US interest rate policy this year may face two possible directions, depending on tariffs and employment.

Two economists from Bank of America Global Research, Aditya Bhave and Shruti Mishra, pointed out that if the job market remains resilient, the inflation pressure brought by Trump's tariffs may prevent the Fed from cutting interest rates throughout 2025.

US housing price growth slows down, and the proportion of first-time homebuyers has dropped to a historic low.

The U.S. real estate market is undergoing a structural shift, with rising supply and slowing demand gradually cooling housing prices, and this trend is accelerating.

Powell's Congress Criticizes Trump: Tariff Policy is the main reason for the Federal Reserve's decision not to cut interest rates.

Powell said that if not for the new round of tariff measures initiated by the Trump administration on April 2, the Fed might have already started cutting interest rates.

Bank of England considers reducing its holdings of government bonds. Bailey said this year's decisions have "more highlights".

The Governor of the Bank of England, Bailey, stated this week that the central bank is about to launch its annual review of its "Quantitative Tightening" (QT) policy.

The shadow of tariffs lingers, U.S. consumer confidence unexpectedly declines in June.

Consumer confidence in the United States unexpectedly fell.

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