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Country Garden (02007.HK): In July 2026, the company achieved contracted sales of approximately RMB 2.26 billion attributable to shareholders, with a contracted sales area of approximately 280,000 square meters attributable to shareholders.On August 4th, the Beijing Municipal Commission of Planning and Natural Resources officially issued the "Beijing Underground Space Special Plan (2025-2035)". As the first city-level underground space special plan compiled by Beijing, this plan aims to coordinate above-ground and underground space, promote high-quality development in the capital, and plans to build Beijing into a multi-dimensional, safe, efficient, convenient, and sustainable three-dimensional livable city by 2035.The National Security Council of Ukraine has warned that Russia is using jet drones to launch a large-scale attack on the Chernihiv region.On August 4th, the Korean Central News Agency (KCNA) reported that a North Korean military commentator published an article on August 3rd stating that the US, Japan, and South Korea are using military exercises to strengthen their joint operational capabilities, forming a "triad" threat that could become a new security crisis in the Asia-Pacific region. The article stated that in the region surrounding the Korean Peninsula, the US and South Korea conducted exercises in July under the pretext of strengthening their joint air capabilities, including a large-scale "joint logistics support exercise." To strengthen command and coordination with the Japan Self-Defense Forces "Unified Operations Command," the US is accelerating the reorganization of the US Forces Japan Command into a "Unified Forces Command" with independent operational capabilities. The US has also deployed the Typhon intermediate-range missile system in Japan and plans to deploy it to South Korea. The article pointed out that Japan openly discusses its own nuclear armament and conducts US-made Tomahawk cruise missile launch drills in the Pacific; South Korea is also aggressively advancing its nuclear submarine development program. The actions of the US, Japan, and South Korea undermine security in the Asia-Pacific region and exacerbate instability; all parties should be vigilant about this trend and take measures to contain it.Bank of Japan data suggests that Japan may not have intervened in the foreign exchange market on Monday.

The Australian Authority Suspends Orders For Two Permanent Investment Funds

Charlie Brooks

Nov 25, 2022 14:27

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Friday, the Australian securities regulator ordered a unit of asset management firm Perpetual Ltd to temporarily halt promoting or delivering two products to individual investors due to elevated market risks.


Perpetual is aiming to conclude a deal with EQT-owned Barings Private Equity Asia (BPEA) and Regal Partners, while being compelled by the court to launch its own takeover proposal for rival Pendal Group.


The Australian Securities & Investments Commission (ASIC) has ordered Perpetual Investment Management's Perpetual Pure Microcap Fund and Perpetual Geared Australian Share Fund to halt distributing interest and giving advice to retail investors for 21 days.


According to the regulator, the portfolios of the funds are exposed to extreme market volatility and carry substantial risks, increasing the potential that investors would sustain enormous losses.


"ASIC issued the interim measures to protect retail investors from engaging in funds that may not be appropriate for their financial objectives, circumstances, or needs," the regulator noted.


"The Australian Securities and Investments Commission is concerned that Perpetual did not appropriately consider these features and risks when choosing the wide target markets for the products."


The government expects Perpetual to take "immediate measures" to ensure compliance.


Reuters requested a response from Perpetual but did not receive a prompt reply.