China · Business
Same event, multiple sources, transparently cited.
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US Treasury to Double Quarterly Long-Term Bond Buybacks Starting September 9
US Treasury will double quarterly buybacks of 10- to 30-year bonds from $20 billion to $40 billion starting September 9, with first operations on September 10.
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US services sector growth accelerates in May amid supply chain concerns from Iran war
The US services sector PMI rose to 54.5 in May as companies increased orders and inventories ahead of expected supply shortages linked to the Iran conflict.
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Euro Area Sees 0.6% Rise in Producer Prices but Retail Sales Drop 0.4% in April 2026
Euro area producer prices rose 0.6% in April, while retail sales fell 0.4%, and GDP declined in first quarter 2026.
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Japan raises wages amid bankruptcy surge; Taiwan plans minimum wage hike and industry support
Japan saw a 5.37% wage rise and record employee resignation bankruptcies in 2025; Taiwan expects minimum wage above 30,000 NTD and urges industry aid.
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China’s property service firms face fee collection crisis amid real estate slump
Property service providers in China struggle to collect management fees as homeowners and developers with unsold flats refuse payments.
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US Treasury doubles long-term bond buybacks amid high yields and market concerns
US Treasury Secretary Scott Bessent announced plans to double buybacks of long-term government bonds to curb borrowing costs and ease market pressures.
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Alibaba completes US$10.2 billion share sale in Hong Kong to fund AI expansion
Alibaba raised HK$80 billion through a secondary share sale in Hong Kong to finance AI development efforts.
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Bitcoin ETFs See Largest Weekly Inflow in 10 Months as Price Hits $79,000
US-listed Bitcoin spot ETFs attracted about $1.9 billion last week amid a sharp price rally and Treasury bond buyback plans.
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Alibaba raises HKD 80 billion in Hong Kong share offering to fund AI expansion
Alibaba sold 710 million new shares at a discount to raise about HKD 80 billion for AI investments amid a profit drop and stock decline.
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Shein files for Hong Kong IPO valuing company at $27 billion, down 70% from peak
Shein filed for a Hong Kong IPO aiming to raise HKD 13.86 billion with shares priced between HKD 47.60 and 49.50, valuing it at $27 billion.
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Nvidia in talks to invest in AI startup Perplexity at $30 billion-plus valuation
Nvidia is negotiating an investment in AI startup Perplexity in a funding round valuing the company at over $30 billion.
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Nvidia to Raise AI Server Prices Over 15% in Early 2027 Due to Memory Costs
Nvidia will increase prices for AI servers with Vera Rubin and Grace Blackwell chips by more than 15% starting early 2027 amid rising memory chip costs.
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Shein targets nearly $27 billion valuation in Hong Kong IPO after sharp drop from prior highs
Shein plans to raise up to HK$13.86 billion in Hong Kong IPO priced between HK$47.60 and HK$49.50 per share.
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Food Republic closes last Beijing outlet after 26 years amid lease expiry
Food Republic will close its last Beijing store at Oriental Plaza on June 15, ending 26 years of operations in the city.
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Australia's Q1 2026 GDP growth slows to 2.5%, missing forecasts amid weak demand
Australia's economy grew 2.5% year-on-year in Q1 2026, slower than expected, as high rates and weak consumption weighed on growth.
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Gold prices climb to three-month high above $4,600 amid US bond buyback, dollar weakness
Gold prices rose above $4,600 an ounce, hitting a three-month peak on August 24, boosted by US Treasury bond buybacks and a weaker dollar.
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General Mills sells Haagen-Dazs ice cream shops in mainland China to Ningji consortium
General Mills signed an agreement to sell its Haagen-Dazs ice cream shops in mainland China to a consortium led by lemon tea chain Ningji.
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Chinese rules tighten, threatening Hong Kong property buying surge by mainland Chinese
Mainland Chinese spent a record HK$43 billion on Hong Kong property in Q1 2026 before new Beijing curbs on overseas cash outflows tightened in May.
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China's companionship economy grows with paid social partners in urban gig markets
Hikers and urban residents in China increasingly pay for companionship services like climbing buddies and dining partners amid shifting lifestyles and gig work growth.
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China’s Unitree Robotics approved for Shanghai IPO amid wave of robotics listings
Unitree Robotics won Shanghai IPO approval as dozens of Chinese robotics firms pursue listings to boost AI and robotics R&D.
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HSBC CEO Georges Elhedery leads efforts to revive Hong Kong investment banking
HSBC CEO Georges Elhedery is actively rebuilding the bank’s Hong Kong investment banking business by engaging 400 major clients and increasing IPO activity.
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Explosion at Shanxi coal mine kills 82, injures over 120
A blast at the Liushenyu coal mine in Shanxi province on May 22 killed 82 and injured more than 120 workers.
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Hong Kong plans offshore yuan venture capital fund to boost tech and innovation
Hong Kong is considering a new offshore renminbi venture capital fund to invest in AI, biotech, and emerging sectors, led by HKIC.
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Hong Kong’s Casa Hotel Closes as Student Housing Conversions Rise
Casa Hotel in Hong Kong closed on May 31, 2026 amid growing hotel-to-student housing conversions in the city.