HOT TOPICS
Trump expects to reach China trade deal next week
U.S. President Donald Trump said he expects the U.S. and China to reach a trade agreement at the upcoming APEC summit. In response, China’s foreign ministry stated that head-of-state diplomacy plays an irreplaceable strategic role in China-U.S. relations, but that it currently has no specific information to provide.
Trump cancels meeting with Putin, signals sanctions
Trump canceled a planned meeting with Russian President Vladimir Putin in Budapest, stating on Oct. 22 local time that he believed the meeting would be inappropriate. Trump said that it was time to impose sanctions on Russia, which he hoped would not last long.
China’s FX settlement surplus soars
China’s onshore surplus of foreign exchange settlements versus sales surged to $51 billion in September, the highest in more than four years, as a resilient yuan encouraged companies to convert their foreign currency earnings.
Gold price pulls back
The international price of gold experienced significant volatility in October, pulling back sharply after setting a new record high. Analysts suggest that market expectations for the macroeconomic environment are stabilizing and safe-haven demand has cooled.
Deutsche Bank opens private equity to retail investors
Deutsche Bank has launched a private equity fund for retail investors with a minimum investment of 10,000 euros ($11,600), joining a growing trend of making alternative assets accessible to a broader public.
Lawsuit threatens to upend Shanshan’s restructuring
A lawsuit filed by a spurned investor is threatening to derail the bankruptcy restructuring of Shanshan Group, once a leading private conglomerate in new-energy materials.
Expert warns of early flu season
An expert from the Chinese Center for Disease Control and Prevention has warned that the flu season may begin early this year. The dominant strain is expected to be the H3N2 subtype of influenza A, to which the public has lower immunity compared to last year’s H1N1. The recommended period for flu vaccination is from September to November.
NEWS SUMMARY
Hong Kong has seen a surge in demand for IPOs, with some deals oversubscribed by more than 1,000 times.
Honor and BYD have formed a strategic partnership to integrate their ecosystems and AI technologies.
Huawei has released HarmonyOS 6, which supports file transfers with Apple devices.
Unitree Robotics has completed the first phase of its prelisting tutoring.
