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UK July seasonally adjusted retail sales YoY 1.6% vs. 2.2% expected; June revised to 3.8% from 4.2%.

2026-08-21

UK July seasonally adjusted retail sales YoY 1.6% vs. 2.2% expected; June revised to 3.8% from 4.2%.

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2026-08-21

Chinese policy documents urge pension funds to pursue “long money, long investments,” citing decades‑ahead payout obligations and the theoretical capacity to tolerate higher equity volatility to earn long‑term equity premia. The guidance prioritises

Chinese policy documents urge pension funds to pursue “long money, long investments,” citing decades‑ahead payout obligations and the theoretical capacity to tolerate higher equity volatility to earn long‑term equity premia. The guidance prioritises reforming measurement: accelerates establishment of long‑cycle assessment frameworks and embedded cross‑cycle returns and risk control into fund evaluations. It calls for supporting measures and a steady expansion of pension investment scale and channels; under strict equity‑allocation caps, funds should optimize asset mixes and raise equity exposure, with emphasis on national strategic emerging industries. Authorities will also encourage pension participation in listed‑company governance and directed placements and push for improved dividend mechanisms so pension funds share more of the real‑economy’s growth returns.
2026-08-21

Kweichow Moutai told investors on Aug. 21 it has addressed market concerns about a reported rise in revenue alongside a decline in net profit and a year-on-year drop in Q2. Chairman Chen Hua said the industry remains in deep adjustment but the compan

Kweichow Moutai told investors on Aug. 21 it has addressed market concerns about a reported rise in revenue alongside a decline in net profit and a year-on-year drop in Q2. Chairman Chen Hua said the industry remains in deep adjustment but the company’s market-oriented reforms, launched and implemented in an orderly way, have kept overall sales stable and the core pricing structure intact. Sales volumes of Kweichow Moutai and its sauce-aroma series rose, producing stable-to-slight growth in operating revenue and, the company said, evidence that reform and transformation are delivering as expected. Kweichow Moutai cited a 10-year net margin range of 44.65–51.49% (mean 49.57%); H1 2026 net margin was 49.89%, which the company described as a reasonable level.
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