GMT EIGHT - Commercial - Global

“A+H” Listing Momentum Continues as 20 A‑Share Companies Plan Hong Kong IPOs, PCB Leaders Dongshan Precision and Hoshine Among Them

Copper Poised as the “New Oil” as Western Grids Lag Behind China, Goldman Sachs Warns

Enhancing Incremental Growth and Revitalizing Existing Assets — Nonferrous Metals Industry Stabilization Plan Issued

U.S. Federal Government Faces Renewed Shutdown Risk; Key Economic Releases May Be Delayed, Potentially Disrupting Fed Decision-Making

Up to 100%! Trump Announces Fresh Tariffs on Heavy Trucks, Furniture, and Pharmaceuticals

China Pushes Global Gold Strategy to Challenge Western Financial Hubs

Beijing is promoting a new gold custody system through the PBOC and Shanghai Gold Exchange, aiming to attract central banks to store reserves in China, reduce reliance on the U.S. dollar, and expand the renminbi’s international role.

Boeing Aircraft Deal Poised as Key Element in US-China Trade Talks

The US and China are close to finalizing a major Boeing aircraft purchase that could anchor a broader trade agreement, while related disputes over soybeans, TikTok, and tariffs continue to shape negotiations.

Powering Down the AI Boom: TSMC's New Strategy Aims for 10x Energy Efficiency with AI-Driven Chip Design

TSMC, a major chip manufacturer for Nvidia, unveiled a new strategy to make AI chips more energy efficient by roughly ten times. This involves using AI-powered software from partners like Cadence and Synopsys to design next-gen chiplet packages. The AI tools proved far faster and found better design solutions than human engineers. The move addresses the high consumption of AI servers and the physical limits of current chip connectivity.

Hong Kong firms seize new LPR hedging under Swap Connect

Hong Kong corporates are moving quickly to use a new Swap Connect feature that references China’s one-year loan prime rate (LPR), giving treasurers a benchmark aligned with onshore lending to manage renminbi interest-rate risk. Early adopters include Henderson Land, which executed an LPR-based swap via HSBC as the enhancement, announced in May by mainland and Hong Kong regulators went live this week.

Trump Floats Murdochs, Dell, and Ellison in Potential TikTok Deal

Donald Trump said billionaires Rupert and Lachlan Murdoch, Michael Dell, and Larry Ellison could be part of a U.S. consortium seeking control of TikTok as negotiations with China continue.

Bank of England Expected to Pause Further Cuts in 2025

The Bank of England is expected to keep rates unchanged for the rest of 2025, as major banks including Goldman Sachs, J.P. Morgan, and Citigroup cite persistent inflation and sluggish economic growth as key reasons for no further cuts after September’s pause.

HKEX and ADX Strengthen Partnership with New Cooperation Agreement

Hong Kong Exchanges & Clearing (HKEX) and the Abu Dhabi Securities Exchange (ADX) signed a cooperation agreement to expand cross-border opportunities. The deal includes exploring cross-listings, developing ESG-focused products, and broadening access to financial instruments such as ETFs, aiming to boost connectivity between Asia and the Middle East.

Hong Kong Follows Fed With Rate Cut, Banks Adjust Lending Costs

Hong Kong’s central bank cut its base rate by 25 basis points to 4.50%, mirroring the U.S. Federal Reserve’s move. Major banks including HSBC, Bank of China (Hong Kong), and Standard Chartered followed by trimming lending rates by about 12.5 basis points, easing borrowing costs for households and businesses. Officials expect the cut to support the weak property sector and broader economy, while analysts say further reductions are possible if the Fed continues easing. The HKMA stressed its commitment to financial stability under the dollar peg system.

China doubles down on service spending to rebalance growth

Beijing rolled out a broad package to stimulate services consumption and attract more foreign visitors, signaling a deliberate shift from goods-led growth toward experience-driven demand. The plan spans easier market access in sectors such as culture, medical care and education, targeted financial support for service providers, and measures to revive inbound tourism through friendlier visas, tax-refund shopping and better payment acceptance. Services retail sales rose 5.1 per cent in the first eight months of the year, outpacing goods by a small margin but still short of policy makers’ ambitions.

Fed’s Rate Cut Opens Door for Asian Central Banks to Ease Further

The U.S. Federal Reserve’s recent 0.25% rate cut gives many Asian economies greater flexibility to lower interest rates to support growth, though China and Japan remain cautious in maintaining tighter policies.

JPMorgan Poised to Join Trillion-Dollar Elite, Says Cramer

JPMorgan shares rose after an upgrade and Jim Cramer’s backing, as strong leadership, dividend growth, and buybacks fuel optimism that the bank could soon join the trillion-dollar club.

U.S. and China Outline TikTok Deal Framework as Deadline Looms

Washington and Beijing have signaled progress toward a TikTok deal, with Oracle seen as the frontrunner buyer, ahead of a looming September 17 deadline and a Trump–Xi meeting.

Oil Prices Slip as Oversupply and Weak U.S. Demand Pressure Markets

Oil prices fell on Friday, with Brent crude closing at $65.88 and WTI at $61.86, as a 3.9 million-barrel U.S. inventory build and faster-than-expected global output weighed on sentiment; despite ongoing Middle East tensions, analysts noted that oversupply and weaker demand remain the dominant factors keeping the market under pressure.

CIFTIS 2025 closes with 900+ deals as China spotlights digital trade

The 2025 China International Fair for Trade in Services (CIFTIS) in Beijing concluded with more than 900 signed agreements spanning construction, IT and finance, reinforcing China’s bid to make services trade and digital innovation central to growth. Organisers highlighted strong international participation, a raft of new product launches and heavy use of the fair’s online matchmaking platform.

BYD Faces $45B Selloff but Overseas Growth and Tech Shift Offer Hope

After a steep stock decline and profit drop tied to price wars, BYD is betting on overseas expansion, new technology features, and a shift in positioning to regain investor confidence.

Yuan’s Strength Signals Fresh Momentum for Emerging Market Currencies

The yuan’s recent appreciation, backed by policy shifts from the PBOC and rising investor confidence, is boosting emerging market currencies and reinforcing Asia’s broader move away from dollar dependence.

Rocketing Towards Expansion: Avio Plans Major Capital Raise for Global Growth

Italian rocket maker Avio has approved a capital raise of up to €400 million to fund production expansion in Europe and the U.S. The investment supports a 10-year business plan targeting double-digit growth, with a focus on increasing launch frequency for its Vega rockets and building a new defense manufacturing facility in the U.S.

European Markets Hold Steady as Investors Await ECB Guidance

European stocks edged higher on Thursday as investors held back ahead of the European Central Bank’s policy decision. The STOXX 600 gained slightly, supported by financial shares, while most sectors traded flat. Markets widely expect the ECB to leave rates unchanged, putting the focus on President Christine Lagarde’s comments for clues on future easing. Eurozone bond yields also stabilized, reflecting the cautious wait for clearer policy direction.

China Moves to Bolster Foreign Trade Amid Global Uncertainty

China announced new policies to support its foreign trade sector as officials look to sustain export growth amid weak global demand and rising geopolitical risks. Vice Commerce Minister Guo Tingting said measures will aim to improve the external environment and boost competitiveness, though details were not provided. Analysts expect possible steps such as export credit expansion, tax incentives, and trade diversification. Chinese equities responded positively, with the CSI 300 gaining on expectations of further policy support.

Hong Kong’s ‘superconnector’ role deepens as China–GCC trade hits US$288 billion

Trade between China and the Gulf Cooperation Council (GCC) surpassed US$288 billion last year, and Hong Kong is sharpening its value-added role linking capital, logistics and professional services between the two sides. At the Belt and Road Summit in Hong Kong, Middle East investors highlighted active deal flow and sector breadth, reinforcing the city’s pitch as a platform for financing, risk management and market access.

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