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Fengcheng Holdings (02295.HK) resumed trading in Hong Kong today and surged over 145% after receiving a mandatory unconditional cash offer from Green Power Global Energy for a total consideration of HK$196 million.

2026-07-03

Fengcheng Holdings (02295.HK) resumed trading in Hong Kong today and surged over 145% after receiving a mandatory unconditional cash offer from Green Power Global Energy for a total consideration of HK$196 million.

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2026-07-03

The yen briefly hit its weakest level since 1986. More market-relevant than the level is that Japan has exhausted conventional policy levers yet the currency kept weakening: 1) rate hikes failed to stop the decline; 2) record defense spending did not

The yen briefly hit its weakest level since 1986. More market-relevant than the level is that Japan has exhausted conventional policy levers yet the currency kept weakening: 1) rate hikes failed to stop the decline; 2) record defense spending did not support the yen; 3) repeated official warnings and calls for decisive action had no effect; 4) stabilizing oil prices did not arrest depreciation. The common failure points to constraints in the global dollar funding system. When that system functions normally trade and credit expand, allowing currencies like the yen to appreciate; when it is strained, dollar scarcity hits economies exposed to global trade and dollar-priced imports regardless of domestic central bank policy.
2026-07-03

The China Securities Regulatory Commission (CSRC) has approved the initial public offering (IPO) of Guangdong Zhongsu New Materials Co., Ltd.

The China Securities Regulatory Commission (CSRC) has approved the initial public offering (IPO) of Guangdong Zhongsu New Materials Co., Ltd.
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