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According to a survey by Bank of America Corp., concerns about a systemic credit event are increasing among fund managers due to issues in global property markets. About one in six respondents consider this to be the biggest risk facing markets, up from one in eleven in December. The disquiet is particularly focused on US commercial real estate and Chinese property markets. The Federal Reserve's potential interest rate cuts to alleviate pressure on real estate have been hindered by higher-than-expected inflation numbers. Smaller banks are at risk of default rates in their commercial real estate loan books, while larger banks are considered more stable. A 10% default rate on commercial real estate loans could result in $80 billion in additional bank losses, leaving over 300 smaller regional banks at risk of solvency runs. The Federal Reserve is working with lenders to address expected losses, and regulators are ensuring that loan-loss reserves and liquidity levels are sufficient. The survey found that nearly 40% of fund managers see US commercial real estate as the most likely source of a credit event, while 22% see Chinese real estate as the biggest threat. The turmoil has also affected German lenders with exposure to US commercial real estate. [Extracted from the article]

Keywords: 10182Z; 1710Z@SW; 3240627Z; 340949Z; 5091Z; BABA; BIDU; JD; NTES; YUMC; ALLTOP; ASIA; BUSINESS; CHINA; CONS; CONSD; COS; GOV; HAR; HK; INDUSTRIES; INTERNET; MARKETS; NORTHAM; STK; SVC; TEC; TMT; TOP; US; WORLD; WWTOP; WWTOPAM; WWTOPAS EN 10182Z 1710Z@SW 3240627Z 340949Z 5091Z BABA BIDU JD NTES YUMC ALLTOP ASIA BUSINESS CHINA CONS CONSD COS GOV HAR HK INDUSTRIES INTERNET MARKETS NORTHAM STK SVC TEC TMT TOP US WORLD WWTOP WWTOPAM WWTOPAS US regulators have picked companies including Alibaba Group Holding Ltd. and Netease Inc. in the first batch of inspections after reaching a deal with China to end a decades-long impasse over access to audit papers of Chinese firms listed in New York. A Deloitte spokeswoman said the firm doesn't comment on clients or on any specific company's matters. Unlike multiple state-owned firms that are voluntarily exiting New York exchanges, they're also privately controlled firms with powerful American investors. [Extracted from the article]

A Deloitte spokeswoman said the firm doesn't comment on clients or on any specific company's matters. Keywords: 10182Z; 1710Z@SW; 3240627Z; 340949Z; 5091Z; BABA; BIDU; JD; NTES; YUMC; ALLTOP; ASIA; ASIATOP; BUSINESS; CHINA; CONS; CONSD; COS; GOV; HAR; HK; INDUSTRIES; INTERNET; MARKETS; NORTHAM; STK; SVC; TEC; TMT; TOP; US; WORLD; WWTOP; WWTOPAM; WWTOPAS EN 10182Z 1710Z@SW 3240627Z 340949Z 5091Z BABA BIDU JD NTES YUMC ALLTOP ASIA ASIATOP BUSINESS CHINA CONS CONSD COS GOV HAR HK INDUSTRIES INTERNET MARKETS NORTHAM STK SVC TEC TMT TOP US WORLD WWTOP WWTOPAM WWTOPAS US regulators have picked companies including Alibaba Group Holding Ltd. and Netease Inc. in the first batch of inspections after reaching a deal with China to end a decades-long impasse over access to audit papers of Chinese firms listed in New York. The audit firms are summoning relevant staff back to Hong Kong, preparing top management, IT and internal control teams to greet the inspection team. [Extracted from the article]

Indonesian tycoon Sukanto Tanoto has announced plans to purchase shares of Vinda International Holdings Ltd., a Hong Kong-listed tissue maker. Tanoto's family is offering to buy Vinda shares for HK$23.5 each, which is a 13.5% premium to the last closing price. The family has secured agreements from Swedish personal care product maker Essity AB and Vinda's founder Li Chaowang to sell their shares. If all shareholders accept the offer, the family could pay up to HK$26 billion ($3.3 billion). Vinda has a market value of approximately $3.2 billion and sells tissues under brands like Tempo and Tork. [Extracted from the article]

Prices closed at 51.23 yuan a metric ton at the end of trading Friday, with 4.1 million tons of trades conducted, according to the official WeChat account of the carbon market. Keywords: 386@HK; 836@HK; 857@HK; VRSK; ALTNRG; ASIA; BASIC; BUSINESS; CHINA; CHM; CLIMATE; CMD; COS; ELC; EUROPE; GOV; HK; INDUSTRIES; MARKETS; NRG; OIL; UTI; WORLD EN 386@HK 836@HK 857@HK VRSK ALTNRG ASIA BASIC BUSINESS CHINA CHM CLIMATE CMD COS ELC EUROPE GOV HK INDUSTRIES MARKETS NRG OIL UTI WORLD China's national carbon market opened with a flurry of trades that sent prices surging, yet it'll be years before the system helps the top polluting nation curb its emissions. [Extracted from the article]

Keywords: 386@HK; 836@HK; 857@HK; VRSK; ALTNRG; ASIA; BASIC; BUSINESS; CHINA; CHM; CLIMATE; CMD; COS; ELC; EUROPE; GOV; HK; INDUSTRIES; MARKETS; NRG; OIL; UTI; WORLD EN 386@HK 836@HK 857@HK VRSK ALTNRG ASIA BASIC BUSINESS CHINA CHM CLIMATE CMD COS ELC EUROPE GOV HK INDUSTRIES MARKETS NRG OIL UTI WORLD China's national carbon market opened with a flurry of trades that sent prices surging, yet it'll be years before the system helps the top polluting nation curb its emissions. Prices closed at 51.23 yuan a metric ton at the end of trading Friday, with 4.1 million tons of trades conducted, according to the official WeChat account of the carbon market. [Extracted from the article]

The decision to prioritize a carbon market over more stringent targets for industrial polluters reflects China's efforts to balance climate ambitions and growth. Keywords: 386@HK; 836@HK; 857@HK; VRSK; ALTNRG; ASIA; BASIC; BUSINESS; CHINA; CHM; CLIMATE; CMD; COS; ELC; EUROPE; GOV; HK; INDUSTRIES; MARKETS; NRG; OIL; UTI; WORLD EN 386@HK 836@HK 857@HK VRSK ALTNRG ASIA BASIC BUSINESS CHINA CHM CLIMATE CMD COS ELC EUROPE GOV HK INDUSTRIES MARKETS NRG OIL UTI WORLD China's national carbon market opened with a flurry of trades that sent prices surging, yet it'll be years before the system helps the top polluting nation curb its emissions. [Extracted from the article]

Keywords: 1107@HK; 119@HK; 1628@HK; 2202@HK; 2777@HK; 3333@HK; 3383@HK; 3883@HK; 688@HK; 813@HK; ALLTOP; ASIA; BON; BUSINESS; CHINA; COS; CST; FIN; FRX; GLOBALMACR; HK; INDUSTRIAL; INDUSTRIES; MARKETS; NORTHAM; REL; TOP; US; WORLD; WWTOP; WWTOPAM; WWTOPAS EN 1107@HK 119@HK 1628@HK 2202@HK 2777@HK 3333@HK 3383@HK 3883@HK 688@HK 813@HK ALLTOP ASIA BON BUSINESS CHINA COS CST FIN FRX GLOBALMACR HK INDUSTRIAL INDUSTRIES MARKETS NORTHAM REL TOP US WORLD WWTOP WWTOPAM WWTOPAS (Bloomberg) -- There's growing evidence that China is encouraging state-owned property developers to take market share from stressed rivals to limit the spread of contagion from the debt-stricken industry. Shares of real estate firms rebounded in afternoon trade, with Shimao Group Holdings Ltd. seeing a record one-day gain of 19%. [Extracted from the article]

Keywords: 1107@HK; 119@HK; 1628@HK; 2202@HK; 2777@HK; 3333@HK; 3383@HK; 3883@HK; 688@HK; 813@HK; ALLTOP; ASIA; BON; BUSINESS; CHINA; COS; CST; FIN; FRX; GLOBALMACR; HK; INDUSTRIAL; INDUSTRIES; MARKETS; REL; WORLD; WWTOP EN 1107@HK 119@HK 1628@HK 2202@HK 2777@HK 3333@HK 3383@HK 3883@HK 688@HK 813@HK ALLTOP ASIA BON BUSINESS CHINA COS CST FIN FRX GLOBALMACR HK INDUSTRIAL INDUSTRIES MARKETS REL WORLD WWTOP (Bloomberg) -- There's growing evidence that China is encouraging state-owned property developers to take market share from stressed rivals to limit the spread of contagion from the debt-stricken industry. Shimao Crisis Gives State Firms the Edge: What to Watch in China (8:58 a.m.) In China's property market, the state is advancing while the private sector retreats. [Extracted from the article]

Keywords: ALLTOP; ASIA; BUSINESS; CHINA; COS; HK; INDUSTRIES; MARKETS; MKTTOP; STK; STKTOP; SVC; TOP; WORLD; WWTOP; WWTOPAS EN ALLTOP ASIA BUSINESS CHINA COS HK INDUSTRIES MARKETS MKTTOP STK STKTOP SVC TOP WORLD WWTOP WWTOPAS RH7QKTT1UM0Y Hong Kong's Hang Seng Tech Index climbed as much as 2.1% on Friday before paring gains to close 0.8% higher as it capped its biggest weekly gain in over a month. China regulators have instructed major accounting firms to prepare to bring audit work papers of US-listed Chinese companies to Hong Kong, where they can be reviewed by US officials, according to a person who asked not to be identified as the discussions are private. [Extracted from the article]

Indonesian tycoon Sukanto Tanoto has announced plans to buy Vinda International Holdings Ltd., a Hong Kong-listed tissue maker. Tanoto's firm, RGE Pte, offered to buy Vinda shares for HK$23.50 each, representing a 13.5% premium to the last closing price. The two largest shareholders of Vinda, Swedish personal care product maker Essity AB and Vinda's founder Li Chaowang, have agreed to sell their shares to the family. The deal is subject to regulatory approval and is expected to be completed in mid-2024. [Extracted from the article]

Indonesian tycoon Sukanto Tanoto has announced plans to buy shares of Vinda International Holdings Ltd., a Hong Kong-listed tissue maker. Tanoto's firm, RGE Pte, offered to purchase Vinda shares for HK$23.50 each, representing a 13.5% premium to the last closing price. The two largest shareholders of Vinda, Swedish personal care product maker Essity AB and Vinda's founder Li Chaowang, have agreed to sell their shares to the family. The deal is subject to regulatory approval and is expected to be completed in mid-2024. [Extracted from the article]

Indonesian tycoon Sukanto Tanoto has announced plans to purchase shares of Vinda International Holdings Ltd., a Hong Kong-listed tissue maker. Tanoto's firm, RGE Pte, has offered to buy Vinda shares for HK$23.50 each, representing a 13.5% premium to the last closing price. The two largest shareholders of Vinda, Swedish personal care product maker Essity AB and Vinda's founder Li Chaowang, have agreed to sell their shares to the family. The deal is subject to regulatory approval and is expected to be completed in mid-2024. [Extracted from the article]

Keywords: 1107@HK; 119@HK; 1628@HK; 2202@HK; 2777@HK; 3333@HK; 3383@HK; 3883@HK; 688@HK; 813@HK; ALLTOP; ASIA; BON; BUSINESS; CHINA; COS; CST; FIN; FRX; GLOBALMACR; HK; INDUSTRIAL; INDUSTRIES; MARKETS; NORTHAM; REL; US; WORLD; WWTOP; WWTOPAS EN 1107@HK 119@HK 1628@HK 2202@HK 2777@HK 3333@HK 3383@HK 3883@HK 688@HK 813@HK ALLTOP ASIA BON BUSINESS CHINA COS CST FIN FRX GLOBALMACR HK INDUSTRIAL INDUSTRIES MARKETS NORTHAM REL US WORLD WWTOP WWTOPAS (Bloomberg) -- There's growing evidence that China is encouraging state-owned property developers to take market share from stressed rivals to limit the spread of contagion from the debt-stricken industry. Shares of real estate firms rebounded in afternoon trade, with Shimao Group Holdings Ltd. seeing a record one-day gain of 19%. [Extracted from the article]

Keywords: 1107@HK; 119@HK; 1628@HK; 2202@HK; 2777@HK; 3333@HK; 3383@HK; 3883@HK; 688@HK; 813@HK; ALLTOP; ASIA; BON; BUSINESS; CHINA; COS; CST; FIN; FRX; GLOBALMACR; HK; INDUSTRIAL; INDUSTRIES; MARKETS; NORTHAM; REL; US; WORLD; WWTOP EN 1107@HK 119@HK 1628@HK 2202@HK 2777@HK 3333@HK 3383@HK 3883@HK 688@HK 813@HK ALLTOP ASIA BON BUSINESS CHINA COS CST FIN FRX GLOBALMACR HK INDUSTRIAL INDUSTRIES MARKETS NORTHAM REL US WORLD WWTOP (Bloomberg) -- There's growing evidence that China is encouraging state-owned property developers to take market share from stressed rivals to limit the spread of contagion from the debt-stricken industry. Shares of real estate firms rebounded in afternoon trade, with Shimao Group Holdings Ltd. seeing a record one-day gain of 19%. [Extracted from the article]

Keywords: 1813@HK; 2007@HK; 3333@HK; 3908@HK; ALLTOP; ASIA; BNK; BON; BUSINESS; CHINA; COS; FIN; FRX; GLOBALMACR; HK; INDUSTRIES; MARKETS; REL; STK; WORLD; WWTOP EN 1813@HK 2007@HK 3333@HK 3908@HK ALLTOP ASIA BNK BON BUSINESS CHINA COS FIN FRX GLOBALMACR HK INDUSTRIES MARKETS REL STK WORLD WWTOP Country Garden Holdings Co., China's largest developer by sales, is raising HK$3.9 billion ($500 million) in a convertible bond sale to refinance offshore debt coming due within a year. Country Garden Sells $500 Million Convertible Bond (9:07 a.m. HK) Country Garden's convertible bond sale comes amid a spreading crisis in the real estate sector. R61CC2DWRGJE (Bloomberg) -- Country Garden Holdings Co., China's largest developer by sales, is raising HK$3.9 billion ($500 million) in a convertible bond sale to refinance offshore debt coming due within a year. [Extracted from the article]

Keywords: 2008@HK; 282@HK; BABA; ALLTOP; ASIA; ASIATOP; BUSINESS; CHINA; CONS; CONSD; COS; GLOBALMACR; HK; INDUSTRIES; INTERNET; MARKETS; MED; NORTHAM; STK; TEC; TECHTOP; TECSVC; TMT; TOP; US; WORLD; WWTOP; WWTOPAM; WWTOPAS; WWTOPEU EN 2008@HK 282@HK BABA ALLTOP ASIA ASIATOP BUSINESS CHINA CONS CONSD COS GLOBALMACR HK INDUSTRIES INTERNET MARKETS MED NORTHAM STK TEC TECHTOP TECSVC TMT TOP US WORLD WWTOP WWTOPAM WWTOPAS WWTOPEU A company owned by the Chinese government is working on an offer to acquire Hong Kong's influential South China Morning Post, according to people familiar with the matter. 2008@HK, 282@HK, BABA, ALLTOP, ASIA, ASIATOP, BUSINESS, CHINA, CONS, CONSD, COS, GLOBALMACR, HK, INDUSTRIES, INTERNET, MARKETS, MED, NORTHAM, STK, TEC, TECHTOP, TECSVC, TMT, TOP, US, WORLD, WWTOP, WWTOPAM, WWTOPAS, WWTOPEU. [Extracted from the article]

Shares of real estate firms rebounded late Monday, with Shimao Group Holdings Ltd. seeing a record one-day gain of 19% on a report that larger rival China Vanke Co. may buy some assets from the struggling firm. Keywords: 1107@HK; 1628@HK; 1638@HK; 2202@HK; 3333@HK; 3383@HK; 813@HK; 960@HK; ALLTOP; ASIA; BON; BUSINESS; CHINA; COS; CST; FIN; HK; INDUSTRIAL; INDUSTRIES; MARKETS; NORTHAM; REL; US; WORLD; WWTOP EN 1107@HK 1628@HK 1638@HK 2202@HK 3333@HK 3383@HK 813@HK 960@HK ALLTOP ASIA BON BUSINESS CHINA COS CST FIN HK INDUSTRIAL INDUSTRIES MARKETS NORTHAM REL US WORLD WWTOP (Bloomberg) -- Distress is mounting in China's $870 billion offshore debt markets as more property firms miss debt payments and record refinancing costs effectively block them from rolling over borrowings, according to Bloomberg's credit tracker. Longfor to Sell Domestic Bonds (7:10 a.m. HK) Longfor Group Holdings Ltd. plans to sell 6-year domestic corporate bond at 3.15% to 4.15% coupon, according to a statement to the Hong Kong stock exchange. [Extracted from the article]

Keywords: 1024@HK; 3690@HK; 700@HK; BABA; BILI; JD; PDD; SE; ALLTOP; ASIA; ASIATOP; BUSINESS; CHINA; COS; HK; INDUSTRIES; INTERNET; LAW; MARKETS; STK; TEC; TMT; TOP; WORLD; WWTOP; WWTOPAM; WWTOPAS EN 1024@HK 3690@HK 700@HK BABA BILI JD PDD SE ALLTOP ASIA ASIATOP BUSINESS CHINA COS HK INDUSTRIES INTERNET LAW MARKETS STK TEC TMT TOP WORLD WWTOP WWTOPAM WWTOPAS Tencent Holdings Ltd. has set a soft target of divesting about 100 billion yuan ($14.5 billion) of its $88 billion listed equity portfolio this year as it shifts strategy, the Financial Times reported, citing two unidentified people familiar with the matter. RHHYJJDWRGG0 (Bloomberg) -- Tencent Holdings Ltd. has set a soft target of divesting about 100 billion yuan ($14.5 billion) of its $88 billion listed equity portfolio this year as it shifts strategy, the Financial Times reported, citing two unidentified people familiar with the matter. [Extracted from the article]

Keywords: 1896@HK; CRIC; ALLTOP; ASIA; ASIATOP; BUSINESS; CHINA; CORONAVIR; COS; HK; INDUSTRIES; LIFESTYLE; TEC; TECSVC; TOP; WORLD; WWTOP; WWTOPAM; WWTOPAS EN 1896@HK CRIC ALLTOP ASIA ASIATOP BUSINESS CHINA CORONAVIR COS HK INDUSTRIES LIFESTYLE TEC TECSVC TOP WORLD WWTOP WWTOPAM WWTOPAS Three months after Shanghai lifted an unprecedented Covid lockdown that lasted more than 60 days, businesses in China's richest and biggest consumer market are still struggling with a sluggish recovery as lingering restrictions continue to deter people from going about their normal lives. But Shanghai's metro mobility, which in 2021 almost returned to pre-pandemic level just like other major Asian cities such as Hong Kong and Seoul, was in late August still down nearly 30% from that baseline. [Extracted from the article]

Keywords: ASIA; BUSINESS; CHINA; CONS; CONSS; CORONAVIR; COS; EUROPE; FIN; GOV; HK; INDUSTRIES; MED; REL; TMT; WORLD EN ASIA BUSINESS CHINA CONS CONSS CORONAVIR COS EUROPE FIN GOV HK INDUSTRIES MED REL TMT WORLD As the goal to stamp out coronavirus infection becomes harder to reach, with more transmissible variants and a world awash with the pathogen, mainland China and Hong Kong are pointing to a wide range of non-human routes as potential evaders of their strict control measures. Either via imported cases arriving at airports or sea ports, or simply by people crossing China's borders, the virus is going to get into China.". [Extracted from the article]

Keywords: ALLTOP; ASIA; BUSINESS; CHINA; CONS; CONSS; CORONAVIR; COS; EUROPE; FIN; GOV; HK; INDUSTRIES; MED; REL; TMT; TOP; WORLD; WWTOP; WWTOPAM; WWTOPAS; WWTOPEU EN ALLTOP ASIA BUSINESS CHINA CONS CONSS CORONAVIR COS EUROPE FIN GOV HK INDUSTRIES MED REL TMT TOP WORLD WWTOP WWTOPAM WWTOPAS WWTOPEU As the goal to stamp out coronavirus infection becomes harder to reach, with more transmissible variants and a world awash with the pathogen, mainland China and Hong Kong are pointing to a wide range of non-human routes as potential evaders of their strict control measures. Either via imported cases arriving at airports or sea ports, or simply by people crossing China's borders, the virus is going to get into China.". [Extracted from the article]

Keywords: 3343935ZHK; PRCH@CH; ASIA; BUSINESS; CHINA; COS; ELECT; GEN; GLOBALMACR; GOV; HK; HUMANRIGHT; INDUSTRIES; LAW; MED; POL; TMT; WORLD EN 3343935ZHK PRCH@CH ASIA BUSINESS CHINA COS ELECT GEN GLOBALMACR GOV HK HUMANRIGHT INDUSTRIES LAW MED POL TMT WORLD Children's books likening Hong Kong democracy activists to sheep pursued by wolves were at the center of the city's latest national security sweep, with five people arrested on suspicion of publishing seditious material. In June, the Hong Kong police raided the newsroom of the pro-democracy Apple Daily newspaper and arrested top editors on suspicion that they violated colluded with foreign forces to sanction China. [Extracted from the article]

QWBM6YT1UM10 (Bloomberg) -- China Evergrande Group shares soared after the country's most-indebted developer said it will consider a special dividend to shore up its stock that's trading near a four-year low. Keywords: 3333@HK; ALLTOP; ASIA; BUSINESS; CHINA; COS; FIN; HK; INDUSTRIES; REL; RELTOP; TOP; WORLD; WWTOP EN 3333@HK ALLTOP ASIA BUSINESS CHINA COS FIN HK INDUSTRIES REL RELTOP TOP WORLD WWTOP China Evergrande Group shares soared after the country's most-indebted developer said it will consider a special dividend to shore up its stock that's trading near a four-year low. [Extracted from the article]

QWBLOYT1UM0W (Bloomberg) -- China Evergrande Group shares soared after the country's most-indebted developer said it will consider a special dividend to shore up its stock that's trading near a four-year low. Keywords: 3333@HK; ALLTOP; ASIA; BUSINESS; CHINA; COS; FIN; HK; INDUSTRIES; REL; WORLD; WWTOP EN 3333@HK ALLTOP ASIA BUSINESS CHINA COS FIN HK INDUSTRIES REL WORLD WWTOP China Evergrande Group shares soared after the country's most-indebted developer said it will consider a special dividend to shore up its stock that's trading near a four-year low. Read how China urged Evergrande's chief to fix debt woes Indeed, Evergrande's rally may be short-lived, given the need to reduce borrowings, according to Bloomberg Intelligence analyst Kristy Hung. [Extracted from the article]

Read how China urged Evergrande's chief to fix debt woes Indeed, Evergrande's rally may be short-lived, given the need to reduce borrowings, according to Bloomberg Intelligence analyst Kristy Hung. Keywords: 3333@HK; ALLTOP; ASIA; ASIATOP; BUSINESS; CHINA; COS; FIN; HK; INDUSTRIES; REL; RELTOP; TOP; WORLD; WWTOP EN 3333@HK ALLTOP ASIA ASIATOP BUSINESS CHINA COS FIN HK INDUSTRIES REL RELTOP TOP WORLD WWTOP China Evergrande Group shares soared after the country's most-indebted developer said it will consider a special dividend to shore up its stock that's trading near a four-year low. [Extracted from the article]