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Real-time News
On September 16th, relevant departments will launch a series of measures to expand and upgrade the "15-minute convenient living circle" in cities, focusing on serving the elderly and children, creating an "upgraded version" of the "15-minute convenient living circle" in cities, and promoting its expansion from key cities to counties with suitable conditions. It is reported that the "15-minute convenient living circle" in cities is a community business district formed by the aggregation of multiple business formats, serving community residents within a radius of about 15 minutes walk, aiming to meet residents daily basic consumption and quality consumption needs.Japanese Finance Minister Katsunobu Kato: It is not appropriate to lower the consumption tax.On September 16, Vis Nayar and Ray Farris, investment experts at Eastspring Investments, said that Federal Reserve Chairman Powells dovish guidance at this weeks meeting may exacerbate the weakness of the US dollar, thereby boosting Asian stocks. "The outperformance of Asian stocks this year has been mainly driven by local funds, but if the US dollar resumes its decline, it may stimulate capital flows from the United States to emerging markets in search of diversification," they wrote in a research report. Analysts pointed out that fundamental improvements in earnings have also been an important driving force behind the recent strength of Asian stocks. Due to the impact of the trade agreement, most Asian markets have significantly raised their earnings expectations for the coming year. They added that if the Feds dot plot shows that the median forecast for interest rates in 2026 remains unchanged, or if Powell weakens the prospect of rate cuts, this may become a major risk facing Asian markets.On September 16, Morgan Stanley reported that Kingdee International (00268.HK) announced that its controlled structured entity, Hongjin Investment, would acquire a 62.8% stake in Yunzhijia from Diechuang Holdings for approximately RMB 68 million. Morgan Stanley believes the acquisition will create product and customer synergies between enterprise resource planning (ERP) and office automation (OA), but the benefits are expected to be limited due to Yunzhijias relatively small scale. Yunzhijia is valued at RMB 109 million, representing a trailing-12-month enterprise value to sales (EV/S) ratio of 2.9x. Upon completion of the transaction, Hongjin Investment will hold a 70% stake in Yunzhijia. Yunzhijia was formerly a subsidiary of Kingdee and was spun off as an independent entity in 2016. Kingdee International previously proposed acquiring Yunzhijia in 2019 but the acquisition was not executed. Yunzhijias annual revenue is approximately RMB 106 million, accounting for 1.5%-1.7% of Kingdee Internationals revenue.Japanese Agriculture, Forestry and Fisheries Minister Shinjiro Koizumi told supporters he intends to run for leadership of the Liberal Democratic Party and asked Finance Minister Katsunobu Kato to lead his campaign.
