Trump leaves room for further tariff adjustments
the European Union has been trying to reach a temporary agreement with the United States to avoid higher tariffs, but Trump's letter has shattered the EU's recent optimism. However, Trump does leave room for further adjustments. Brian Jacobsen, Chief Economist at Annex Wealth Management, wrote that, like previous letters, there are many conditions and terms that can reduce these tariffs, which may be why the market may not like tariff negotiations, but also does not panic about it.
Opinion: Musk's "American Party" needs to meet the basic requirements of the US federal government for the establishment of new political parties
Diao Daming, a professor at the School of International Relations of Renmin University of China, said that Musk announced the establishment of the so-called "American Party", which needs to meet the basic requirements of the US federal government for the establishment of a new political party. These requirements include two main aspects: first, there must be enough party members and supporters; second, a certain amount of funds is required. After meeting these conditions, it is necessary to register with the US Election Commission. Only after successful registration can this political party be officially established. At the same time, if this newly established political party wants to participate in elections in various states in the future, it also needs to meet different requirements in each state. The most basic requirement is to collect a certain number of signatures of voters in each state, generally tens of thousands, to prove that this political party has a certain political influence in that state before it can participate in the election in that state. With Musk's vast resources and organizational structure, solving these procedural problems is not difficult. (CCTV News)
Chan Mo-po: Hong Kong stocks raised more than HK$107 billion in IPOs in the first half of the year, ranking first in the world
Paul Chan, Financial Secretary of the Hong Kong Special Administrative Region Government, said on the 6th that Hong Kong stocks rose by 18% last year, and the momentum will continue to be positive towards 2025. The number of cases applying for IPOs in Hong Kong is rapidly increasing, with fundraising in the first half of the year exceeding HK$107 billion, an increase of about 22% compared to the full year of last year, temporarily ranking first in the world. Chan said that during the recent rise in Hong Kong stocks, funds mainly favored technology stocks, driving a significant increase in trading of derivative products related to technology stocks. "Exchange Traded Products" (ETPs) linked to different types of assets have become a strong force supporting the liquidity of Hong Kong stocks in recent years, effectively playing a role in buffering liquidity during market fluctuations.