Geely Automobile Holdings Ltd (00175.HK) said Li Shufu will resign as board chairman and executive director effective 18 Aug 2026 and be appointed lifetime honorary chairman; he will remain the company’s major/controlling shareholder and continue as chairman of Zhejiang Geely Holding Group. An Conghui was appointed chairman of the Geely Automobile board. Li Donghui resigned as vice-chairman but will remain an executive director. Gui Shengyue resigned as CEO and was named vice-chairman while rema

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Japanese 10‑year government bond yields rose 5.5bps to 2.93%, theirhighest since 1996; 30‑year yields climbed 5bps to 4.06%, nearing May record highs. The move reflects fiscal funding uncertainty after the government has not clarified how it will finance a two‑year cut to the food consumption tax, and reports that Prime Minister Takaichi's administration supports near‑term Bank of Japan rate increases, with a next hike possible in September or October. Ryutaro Kimura, senior bond strategist at BNP Paribas Asset Management, said improving liquidity as investors return from summer holidays has prompted markets to price faster Bank of Japan tightening, and warned that unless Takaichi abandons expansionary fiscal policy, yields may fall only gradually.