AGP Executive Report
Last update: 35 minutes agoMacau Border Ease: Macau residents can now use Home Return Permits in e-channels at all three Macau-mainland joint checkpoints (HZMB, Hengqin, Qingmao), instead of only Macau ID cards. IPO Watch: Shein is reportedly targeting a HK valuation around US$26–27 billion as it pushes toward an IPO after failed attempts in New York and London. China Economy, July Soft Spots: Retail sales rose just 0.6% y/y in July while investment contracted and unemployment ticked up, adding pressure for more support as property weakness drags demand. Property Slide Continues: Home prices fell across most major cities in July, with secondhand declines deepening and the downturn stretching since 2022. Clean Power Accounting Critique: China’s new non-fossil electricity accounting rules face concerns over weak “additionality” proof and risks of double counting, potentially distorting carbon claims. Tech/Robotics Momentum: Unitree’s Shanghai IPO debut is drawing heavy retail interest as AI-hardware hype shifts investor focus. Geopolitics & Trade: Beijing pushed back on a US “Great Transshipment Scam” report, with the EU and Singapore also disputing the claims. China-Africa Angle: A report says Chinese enterprises remain a key catalyst for Kenya’s development, even as election-era politics and accusations swirl around projects.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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