Macro

Oil Climbs as Hopes for Imminent Strait of Hormuz Deal Fade

Crude climbs above $84 in the U.S. and past $89 internationally as hopes for an imminent Strait of Hormuz reopening deal collapse into deadlock.

Alpha Compute to Buy Pennsylvania Land for $55 Million Data Center Campus

Alpha Compute plans to acquire land and gas rights in Pennsylvania for a $55 million data center campus powered by on-site natural gas.

Sea Limited Shares Surge 9% as Revenue Climbs 48% and Shopee Outlook Strengthens

Sea Limited shares rose about 9% after quarterly revenue climbed 48% and the company delivered a stronger outlook for its Shopee e-commerce business.

US Existing Home Sales Fall 1.7% in July as Record Prices Deter Buyers

US existing home sales dropped 1.7% in July as record prices and the highest mortgage rates in a year kept many prospective buyers out of the market.

Barclays Downgrades Gap and Under Armour in U.S. Apparel Retailer Reshuffle

Barclays cut its ratings on Gap and Under Armour in a reshuffle of U.S. apparel retailers, citing limited upside amid uneven consumer demand.

China’s Asset Management Industry Continues to Grow, Assets Under Management Surpass $3.95 Trillion

According to the Asset Management Association of China, the assets under the management of China's public offering funds have reached a remarkable 27.25 trillion...

China’s Securities Watchdog and Related Departments Revise Rules on Overseas Listings for Domestic Companies

China's top securities regulator, the China Securities Regulatory Commission (CSRC), has revised the regulation on secret protection and archive management in the overseas listing...

China’s Sharing Economy Grows Despite Headwinds, Reaching $555.54 Billion in 2022

According to a recent report by the State Information Center, China's sharing economy has maintained steady growth, reaching approximately 3.83 trillion yuan ($555.54 billion)...

Australian businesses express interest in investment opportunities in western China

Australian businesses are showing great interest in exploring investment opportunities in Western China, as the region seeks to boost foreign investment and trade cooperation....

Chinese banks streamline early mortgage repayment processes to meet rising demand

Commercial banks in China are focusing on optimizing their financial services to make it easier for homebuyers to make early repayments on their mortgages....

China’s Banking Sector Adapts to International Regulatory Reforms with New Capital Measures

China is taking steps to establish a differentiated capital regulatory system for commercial banks in order to improve bank capital regulations, manage financial risk...

China Strengthens Financial Cooperation between Mainland and Hong Kong/Macao with New Guidelines

China is making significant strides towards strengthening economic and business ties across the Guangdong-Hong Kong-Macao Greater Bay Area, with a particular focus on Qianhai...

China’s Property Insurance Industry Guides to Develop New Insurance Varieties to Support Real Economy

China's property insurance sector has maintained stable growth in 2022, according to data released by the China Banking and Insurance Regulatory Commission. Premiums for...

Hong Kong government unveils budget focused on economic recovery and growth

Hong Kong's government has presented a budget for the upcoming financial year, which includes measures to support the economy's speedy recovery. The financial secretary...

Hong Kong takes steps to spearhead innovation with $6.37 million funding for Web3 ecosystem

Hong Kong's Financial Secretary, Paul Chan, announced on Wednesday that the Hong Kong government will allocate HKD 50 million ($6.37 million) towards the development...

Anyang City Signs 42 Projects Worth $5.6 Billion at Investment Promotion Conference

The 2023 Investment Promotion Conference of Anyang city, Henan province, was held in Beijing on Thursday, where 42 projects were signed, with a total...

China’s Sixth International Import Expo Expected to Bolster Global Openness and Cooperation

China's ongoing efforts to promote economic cooperation and globalization have received a major boost with the upcoming sixth China International Import Expo (CIIE), scheduled...

Multinational Executives in Shanghai Optimistic About China’s Role in Global Business

Senior executives of multinational corporations based in Shanghai share an optimistic outlook on the world's second-largest economy and believe that the China market will...

Top State Assets Regulator Targets Higher Profit Growth for Central SOEs Above National GDP

In a news conference held in Beijing on Thursday, Zhang Yuzhuo, chairman of the State-owned Assets Supervision and Administration Commission (SASAC) of the State...

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