BofA Securities said AIA Group (01299.HK) reported 1H results that were in line. The firm raised profit forecasts for 2025–27 by 3–9% on higher investment income, but trimmed 2026 new business value (NBV) growth to 11% from 15% citing slower mainland visitor traffic to Hong Kong; it kept 2027–28 NBV growth at 16%. PT reduced 5% to HK$95 from HK$100. Rating: Buy.

At its 2026 interim briefing, Kweichow Moutai chairman Chen Hua said the company has established a dynamic price-adjustment mechanism — described as follow-market, relatively stable, supply–demand aligned and volume–price balanced — and has implemented five market price adjustments over seven months, bringing retail prices into line with market retail levels. Moutai’s flagship product is now open to public sales on the iMoutai platform, and the full product range is available in 43 company-run stores nationwide. Chen said the pricing system and mechanisms to fit real consumption and prevent intermediary speculation are now complete.

美國財長貝森特：30年期債券領域的流動性尤其糟糕。