China · Business
Same event, multiple sources, transparently cited.
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Norway’s Sovereign Wealth Fund Discloses 0.05% Stake in SpaceX and Major Tech Holdings
Norway's sovereign wealth fund revealed a 0.05% SpaceX stake worth $1.22 billion and holds large shares in Nvidia, Apple, Alphabet, Microsoft, and TSMC as of June 30, 2026.
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UOB targets fivefold growth in Hong Kong private bank assets under management by 2030
UOB plans to increase its Hong Kong private bank assets and revenue fivefold and triple client advisers to 60 by 2030.
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Japan and US intervene to support yen; markets eye BOJ rate hike in September
Japan and the US jointly bought yen on July 31 to curb its slide, while markets expect a Bank of Japan rate hike in mid-September.
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Nokia’s Q2 2026 Profit Rises 18% Led by AI and Data Centre Sales Growth
Nokia reported a Q2 2026 operating profit of €434 million, beating estimates as AI and cloud sales doubled to €446 million.
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Elon Musk Confirms Growing Collaboration Between Tesla and SpaceX but Declines Merger Talk
Elon Musk said Tesla and SpaceX have increased overlap and joint projects but declined to discuss any merger during Tesla’s Q2 2026 earnings call.
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Hong Kong residential rents and home prices surge in 2026 amid strong demand
Hong Kong rents rose nearly 4% in H1 2026, with home prices forecast to climb 11% this year, driven by mainland Chinese and expat demand.
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Nike to cut off thousands of online distributors in China from January 2027 to tighten sales control
Nike will end online sales agreements with thousands of Chinese distributors next January, focusing on official channels to improve brand consistency and regain pricing power.
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Goldman Sachs Sees Brent Crude Surging Above $120 if Hormuz Disruptions Continue
Goldman Sachs analysts warned Brent crude could exceed $120 per barrel in Q4 2026 if Strait of Hormuz disruptions persist.
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KKR and AEW to sell Chinese commercial properties at heavy losses
KKR and AEW plan to sell multiple China commercial real estate assets at prices covering only 50-60% of original costs.
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South Korea's KOSPI index plunges over 6% amid US-Iran conflict and AI chip sell-off
The KOSPI index dropped more than 6% on July 20, 2026, driven by US military strikes on Iran, rising oil prices, and heavy selling of Samsung and SK Hynix shares.
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China Keeps Loan Prime Rates Unchanged for 14th Month in July 2026
China's 1-year and 5-year loan prime rates held steady in July, marking 14 consecutive months without change amid economic slowdown.
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US Allows Expiration of Executive Order Revoking Hong Kong's Special Trade Status
The US let expire a 2020 executive order that revoked Hong Kong's special trade status, restoring it after five years.
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AI boosts oil and gas output but increases global carbon emissions beyond renewables’ gains
AI-driven efficiency in fossil fuel production raises carbon emissions that outweigh emission savings from renewables, a new study shows.
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US Corporate Insiders Sold $77.6 Billion in Stock in H1 2026, Second Fastest in 20 Years
US corporate insiders sold $77.6 billion in stock during the first half of 2026, a 20% rise from last year and the second-highest pace since 2001.
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Volvo Cars scraps 2026 sales-growth target amid sharp China market downturn
Volvo Cars abandoned its 2026 sales-growth target after Q2 profit fell due to a steep decline in China.
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Japanese Executives Warn Yen Weakness Threatens Import-Dependent Economy
Japanese business leaders call for yen stability amid risks from currency volatility and a weak exchange rate near 160 per dollar.
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US Seeks Share of Korean Semiconductor Firms' AI-Driven Profits Amid Export Surge
In June 2026, US Deputy Trade Representative Rick Switzer asked South Korea for a share of the profits SK hynix and Samsung earned from AI chip demand.
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Unitree Robotics IPO oversubscribed 5,526 times by retail investors in Shanghai
Unitree Robotics priced its Shanghai IPO at 150.8 yuan per share, raising 6.1 billion yuan amid 5,526 times retail oversubscription.
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Former Hungarian Foreign Minister Péter Szijjártó Resigns to Join Chinese EV Maker BYD
Péter Szijjártó resigned from the Hungarian parliament on July 15, 2026, to join BYD as head of external relations and business development.
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Shein scales back Vietnam warehouse amid US trade headwinds, eyes Hong Kong IPO
Shein cut its Vietnam warehouse lease from 15 to 6 hectares due to US tariffs and prepares for a Hong Kong IPO with valuation estimates between $22B and $40B.
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Japan sees 2% drop in foreign visitors in first half of 2026 amid sharp decline in Chinese tourists
Japan received 21.1 million foreign visitors in the first half of 2026, a 2% decline driven by a 56% drop in travelers from China.
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Nvidia teams with six financial giants to raise $500 billion for AI infrastructure
Nvidia partnered with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR to launch financing platforms targeting over $500 billion for AI compute infrastructure.
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China’s CXMT launches near-record $9.8 billion IPO on Shanghai STAR Market
ChangXin Memory Technologies priced its IPO at 8.66 yuan per share, aiming to raise up to $9.8 billion on the Shanghai STAR Market.
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Porter Airlines Flight Cancelled After Child Refused to Wear Seatbelt in Victoria
Porter Airlines cancelled flight PD444 on August 6 after a child refused to fasten their seatbelt, forcing the aircraft to return to the gate in Victoria, BC.