Hong Kong retail sales rose 4.5% YoY in July, down from 4.6% in June.

BYD Co. (01211.HK) shares fell more than 3% after results; H1 revenue 344.82 bln yuan, gross profit 64.99 bln yuan, profit attributable to owners 12.33 bln yuan, EPS 1.35 yuan.

MOFCOM and six other ministries issued implementation opinions to expand goods consumption, directing use of personal consumption loan interest subsidies, service-sector business loan interest subsidies and pilots for new consumption formats/models/scenes, and calling for fiscal funds to leverage additional financing. Financial institutions are encouraged, within legal compliance and risk-control limits, to boost lending for autos, household appliances and digital products, and smart-home purchases, and to develop diversified consumer finance products. Authorities support deeper cooperation between financial institutions and merchants/platforms to co-develop finance products tailored to consumption sectors. Regulators will improve domestic-trade insurance policy and expand its scale and coverage.