Taiwan July imports YoY 37.4% (expected 48.35%; previous 51.8%).

China's crude oil imports were 35.726 mln tonnes in July, up from 29.272 mln tonnes in June, Customs said.

The Hong Kong Federation of Insurers said relevant Mainland authorities have not issued any formal policy documents or implementation rules regarding reports that Mainland China will levy a 20% personal income tax on gains from overseas life insurance policies. The federation said it is monitoring developments, will not speculate, and expects continued client demand for protection, wealth transfer and asset allocation; it added Hong Kong’s insurance market remains attractive due to flexible product design, multi-currency options and wealth-transfer services.