Xunxun Technology (01640) said on August 28, 2026 that it has agreed to sell its entire equity interest in Xunxun Hong Kong to Wu Dan for RMB 200,000, according to ETNet.

The disposal group has not actively carried out any business activities since 2025 and has been loss-making in each of the two years ended December 31, 2025, as well as in the six months ended June 30, 2026, excluding one-off gains. As of June 30, 2026, the disposal group had unaudited consolidated net assets of about RMB 200,000.

Xunxun Technology expects to record a slight loss of about RMB 400,000 from the sale, subject to review by its auditor.

PA Inv Funds reduced its holding in YTO International Education Leasing (01563) by 13.456 million shares, or 7.95%, on August 24, 2026, according to ETNet.

The off-market average price was HK$0.122 per share, with data sourced from the Hong Kong Stock Exchange.

SIV Technology (01202) said the extended public listing period expired without receiving any bids, causing the proposed sale of all equity interests in its subsidiary Poteen New Materials to lapse and be terminated, according to ETNet.

The company noted that the lapse is not expected to have a material adverse impact on its financial position or business operations.

Chinese President Xi Jinping said rescue operations faced extreme difficulties after a deadly mudslide struck the Himalayas near the Nepal border, Bloomberg reported.

He directed that surveys of glaciers and glacial lakes across the Tibetan Plateau be conducted more rapidly to assess risks and guide response efforts.

Longfor Group executive director and chief financial officer Zhao Yi said at the interim results briefing that the company’s total liabilities are currently above RMB 140 billion and are expected to stay at a similar level at year-end, a report by Ming Pao noted.

He added that roughly 90% of the debt is bank borrowings, and the company still has room to increase borrowing if needed.

Zhao also indicated that the current financing cost is about 3.36%, lower than a year earlier, and there is potential to reduce funding costs further after ongoing optimization.

The Chinese Foreign Ministry extended congratulations to Prime Minister Brown on his re-election after the Cook Islands Party, led by the incumbent prime minister, secured a parliamentary majority.

Spokesperson Lin Jian stated that China congratulates Brown on his re-election.

According to Jin10, the Cook Islands Party won a majority of seats in the Cook Islands parliamentary election.

The National Pension Service of Korea posted a 27.2% return for the first half of the year, marking its strongest H1 performance since at least 2022, according to Bloomberg.

A robust rally in domestic equities helped lift results at one of the world's largest pension funds.

For the first half of 2026, Xpeng Group reported revenue of 32.78 billion yuan, a year-on-year decrease of 3.8%, while net loss widened to 3.12 billion yuan, about 173.7% higher than a year earlier.

Its robotics division completed an initial financing round of more than $900 million, with a post-investment valuation above $6.3 billion (roughly 4.3 billion yuan).

In the second quarter, revenue advanced 8% year over year to 19.74 billion yuan, while revenue from vehicle sales reached 17.05 billion yuan, up 1%.

The gross margin reached 20.7%, with the automotive gross margin at 12.1%. Service and other revenue climbed 93.9% to 2.7 billion yuan, carrying a gross margin of 75.1%.

R&D expenditure rose 32.1% to 2.91 billion yuan, and selling, general and administrative expenses increased 15.2% to 2.5 billion yuan. Net loss for the quarter widened to 1.34 billion yuan from 480 million yuan a year earlier, though it improved from 1.78 billion yuan in the first quarter.

Xpeng Group delivered about 166,000 vehicles in the first half, down 15.8% year on year, with 62,682 shipped in the first quarter and 103,295 in the second.

The company projected third-quarter deliveries of 115,000 to 121,000 and revenue of 21.7 billion to 23.4 billion yuan, both figures below market expectations.

July deliveries reached 38,027 vehicles, up about 4% from a year earlier, bringing year-to-date deliveries to 204,004.

Martins Kazaks, a member of the European Central Bank's Governing Council, said the central bank cannot permit elevated inflation to persist. The remarks were reported by Bloomberg.

BNP Paribas Co., Ltd. is reported to be planning a panda bond issue in yuan with a maximum size of 6 billion yuan, according to people familiar with the matter.

The offering would be split into three tranches: a 3-year tranche with an initial maximum size of 1 billion yuan, a 5-year tranche with a maximum size of 4 billion yuan, and a 7-year tranche with a maximum size of 1 billion yuan. Marketing is expected to begin as early as September.