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Hong Kong Observatory issued a tropical cyclone warning and has hoisted the No.1 standby signal, effective now. The remnants of Typhoon Shadell have re-strengthened into a tropical depression off Hainan’s southeast coast and are within about 800 km o

2026-08-31

Hong Kong Observatory issued a tropical cyclone warning and has hoisted the No.1 standby signal, effective now. The remnants of Typhoon Shadell have re-strengthened into a tropical depression off Hainan’s southeast coast and are within about 800 km of Hong Kong. Combined effects of Shadell’s remnants and the northeast monsoons are bringing generally northern winds across Hong Kong. Terrain shielding makes widespread strong winds unlikely tonight and tomorrow morning. The No.1 signal will remain in force at least until 1200 HKT on Sept. 1.

Other News
2026-08-31

Public FOF issuance has accelerated. Last week (Aug 24–30) three public FOFs opened subscriptions: Tianhong Xinxiang Multi‑Asset 3‑Month FOF, Manulife Multi‑Asset Select 3‑Month FOF and Huafu Chunheng Stable 6‑Month FOF. Data show 130 FOFs issued yea

Public FOF issuance has accelerated. Last week (Aug 24–30) three public FOFs opened subscriptions: Tianhong Xinxiang Multi‑Asset 3‑Month FOF, Manulife Multi‑Asset Select 3‑Month FOF and Huafu Chunheng Stable 6‑Month FOF. Data show 130 FOFs issued year-to-date, raising 129.359 bln subscription units as of Aug 25, a record high; 2025’s raised volume was the second-highest on record and this year’s year-to-date amount is double last year’s. Rongzhi Investment FOF manager Li Chunyu said strong 2026 public FOF issuance is driven by a low-rate environment that has pushed down deposit and bank‑wealth yields, prompted deposit migration and intensified market rotation; investors find fund selection harder, making FOFs’ one‑stop multi‑asset allocation and secondary risk diversification attractive for steady returns.
2026-08-31

U.S. Treasury Secretary Bessent said he expects Bank of Japan Governor Ueda to "do the right thing" on monetary policy, adding he would not tell the BOJ how to act and that Abe-style reflation policies may have run their course. He said he expects to

U.S. Treasury Secretary Bessent said he expects Bank of Japan Governor Ueda to "do the right thing" on monetary policy, adding he would not tell the BOJ how to act and that Abe-style reflation policies may have run their course. He said he expects to meet Ueda at the two-day G20 finance ministers and central bank governors meeting starting Monday in Asheville. The remarks came as the yen fell below 160 per dollar — the first breach since Japan's FX intervention a month ago — and after the United States joined Japan in the coordinated intervention, the first U.S.-Japan joint action to support the yen since 1998.
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