Core Insights - Chile's Industrial Production Index (IPI) showed a modest increase of only 1% in July, marking the worst performance since February's decline of 3.7% [1] - Mining production decreased by 0.9%, while electricity, gas, and water production increased by 0.9%, and manufacturing rose by 2.7% [1] Trade Performance - Chile's trade growth remained strong, with a monthly increase of 6.5% in July and a cumulative growth of 4.9% from January to July [1] - Wholesale trade (excluding automobiles and motorcycles) grew by 7.6%, while retail trade (excluding automobiles) increased by 5.8% [1] - Automobile and motorcycle trade saw a growth of 4.9%, and the supermarket sales index (ISUP) rose by 2.8%, with a cumulative growth of 1.7% from January to July [1] - The retail e-commerce index (ICEM) experienced significant growth, with a monthly increase of 14.7% in July and a cumulative growth of 13.1% from January to July, driven mainly by transactions in home electronics and technology products [1]

Core Insights - The Central Bank of Bosnia and Herzegovina released the 2024 Foreign Direct Investment (FDI) survey report, indicating a decrease in FDI inflow to 1.76 billion marks, down by 301 million marks compared to 2023 [1] Investment Sources - The largest FDI inflow in 2024 comes from Croatia at 391.1 million marks, followed by Germany at 255.3 million marks and Slovenia at 247.1 million marks [1] Investment Sectors - The financial services sector attracted the highest investment totaling 503.8 million marks, followed by retail trade at 219.8 million marks and wholesale trade at 205.1 million marks [1] Total FDI Stock - By the end of 2024, the total FDI stock in Bosnia and Herzegovina is projected to be 21.22 billion marks, which includes both the 2024 FDI and previous investments along with the operational results of foreign enterprises [1] FDI Stock by Source - The largest share of FDI stock comes from Croatia at 3.22 billion marks (15.2% of total stock), followed by Austria at 2.9 billion marks (13.7%) and Serbia at 2.8 billion marks (13.3%) [1] FDI Stock by Sector - The financial services sector also holds the largest FDI stock at 4.27 billion marks, followed by telecommunications at 2.02 billion marks and wholesale trade at 2.01 billion marks [1]

Group 1 - A new company, Hebei Xiong'an Boyue Artificial Turf Co., Ltd., has been established with a registered capital of 10,000 RMB [1] - The legal representative of the company is Wang Zexu [1] - The company's business scope includes internet sales, import and export of goods, technology import and export, and various retail sales including textiles, household appliances, and cosmetics [1] Group 2 - The company is also involved in the manufacturing and sales of plastic products and arts and crafts [1] - The operations are conducted under the business license, allowing the company to engage in activities that do not require prior approval [1]

Market Overview - The Hang Seng Index closed at 25,105, down 0.24% for the day and 0.65% for the week, but up 25.15% year-to-date[3] - The Hang Seng Tech Index fell 0.77% to 5,499, with a year-to-date increase of 23.06%[3] - The S&P 500 index decreased by 0.40% to 6,370, with a year-to-date rise of 8.31%[3] Sector Performance - Telecom equipment, cryptocurrency, and film sectors showed strong gains, while new consumption, new energy vehicles, and gold sectors were sluggish[9] - Internet healthcare stocks performed well, with Dingdang Health rising over 23% and Ping An Good Doctor increasing by over 11%[9] - Infrastructure stocks were active, with Renhe Technology and Taisheng Group both rising over 7%[9] Economic Indicators - The global stablecoin market has reached $271 billion, with potential growth to $770 billion by the end of 2027, driven by payment sector expansion[9] - The U.S. labor market shows signs of weakness, leading to an 80% probability of a Fed rate cut in September, although this expectation is facing challenges[9] Corporate Earnings - Walmart's Q2 revenue was $177.4 billion, exceeding expectations, but adjusted EPS of $0.68 fell short of the forecast of $0.74, marking the first miss in three years[12] - Kuaishou's Q2 revenue grew by 13.1% year-on-year to 35 billion yuan, with adjusted net profit increasing by 20.1%[14]

Group 1 - The popularity of "China travel" and "China shopping" continues to rise, with a significant increase in the number of tax refund stores and participants in the tax refund program [1][3][5] - The number of tax refund stores in China has exceeded 7,200, with a year-on-year increase of 186% in the number of people enjoying tax refunds, and sales and refund amounts growing by 94.6% and 93.2% respectively [1] - The implementation of the tax refund policy in Dalian has shown positive results, with expectations of over 10% sales growth for local businesses [3][4] Group 2 - Major brands like Huawei and DJI are preparing to apply for tax refund store registration, indicating a growing interest in the tax refund program among high-profile retailers [4] - Beijing has over 1,500 tax refund stores, with 40% of them featuring domestic brands, enhancing the local shopping experience [4][5] - Shanghai has established a comprehensive tax refund service network with over 1,400 stores, processing refunds for over 80,000 travelers from 174 countries [5] Group 3 - The introduction of "code refund" services allows travelers to complete tax refund processes via mobile, significantly improving efficiency by over 40% [7][8] - Self-service machines for tax refund applications have been implemented in Shanghai, easing the burden during peak shopping times [8] - New centralized refund points in major shopping areas provide travelers with more convenient options for processing refunds [9][10] Group 4 - The mutual recognition of departure ports for tax refunds allows travelers more flexibility in their travel arrangements, enhancing the overall shopping experience [11][12] - Future plans include expanding the tax refund program to include cruise ports and improving inter-provincial cooperation for tax refunds [12]

Core Insights - Guangzhou Riri Bao Technology Co., Ltd. has recently been established with a registered capital of 10,000 RMB [1] - The company’s business scope includes wholesale of electronic components, scientific research and experimental development, information consulting services, and various retail activities [1] Business Scope - The company engages in wholesale and retail of a wide range of products including electronic components, daily necessities, household appliances, and cosmetics [1] - It also provides services in internet sales, trade brokerage, and domestic trade agency [1] - The company is involved in research and development in engineering and technology, as well as policy and regulation studies [1]

Core Insights - Guangzhou Jingran Technology Co., Ltd. has been established with a registered capital of 1 million RMB [1] - The company operates in various sectors including electronic products, clothing, cosmetics, and artificial intelligence software development [1] Company Overview - The registered capital of Guangzhou Jingran Technology Co., Ltd. is 1 million RMB [1] - The company is involved in the retail of a wide range of products such as clothing, shoes, cosmetics, and daily necessities [1] - It also provides technical services, software development, and artificial intelligence applications [1] Business Scope - The business scope includes sales of electronic products, clothing, cosmetics, and various retail items [1] - The company engages in technology services, development, consulting, and software sales, particularly in artificial intelligence [1] - Additional retail activities cover personal hygiene products, sports equipment, and home appliances [1]

Core Viewpoint - A new company, Xinyu Super Heng Trading Co., Ltd., has been established with a registered capital of 10,000 RMB, focusing on various retail and sales activities in multiple sectors [1] Company Summary - The legal representative of the newly established company is Hu Jian [1] - The registered capital of the company is 10,000 RMB [1] - The business scope includes internet sales (excluding goods requiring permits), daily necessities sales, home appliance sales, retail and wholesale of clothing and accessories, and various other retail activities [1] Industry Summary - The company operates in a diverse range of sectors, including but not limited to: - Retail of daily necessities, home appliances, clothing, and footwear [1] - Sales of personal hygiene products, toys, and pet food [1] - Retail of office supplies, automotive decoration products, and craft artworks [1] - Domestic trade agency services, excluding projects that require approval [1]

Core Insights - Singapore's retail trade and food and beverage services showed growth in June 2025, with significant online sales growth indicating structural changes in consumer behavior [1][3] - The overall retail sales reached SGD 4 billion in June, with online sales accounting for 13.6%, up from 12.3% in May [1][3] - Year-on-year retail sales grew by 2.3%, continuing the 1.3% growth trend from May, although month-on-month sales saw a decline [1][2] Retail Sector Performance - The automotive sales sector experienced a year-on-year increase of 14.6%, attributed to higher Certificate of Entitlement (COE) quotas [2] - Sales in the computer and communication equipment, optical products and books, and leisure goods sectors grew by 7.3%, 5.9%, and 5.6% respectively [2] - Conversely, gas stations and food and alcohol retailers saw sales declines of 5.9% and 5.2% year-on-year [2] Food and Beverage Services - Food and beverage service sales reached SGD 962 million in June, with online sales comprising 26.7% [2][3] - Year-on-year food and beverage sales grew by 0.1%, but month-on-month sales declined by 1.5% [2] - Within the sector, restaurant sales fell by 5.6% year-on-year, while fast food sales increased by 2.3% [2] Online Sales Trends - Online sales penetration varies across sectors, with computer and communication equipment at 56.2% and furniture and home equipment at 32.8% [3] - The online sales penetration in the food and beverage sector remained high at 26.7%, indicating deep integration of delivery platforms into daily consumer life [3] - The report emphasizes the importance of seasonal adjustments to better observe potential sales trends [3]

Group 1 - The core viewpoint of the article highlights that the retail trade volume in the EU increased by 3.1% year-on-year and 0.3% month-on-month as of June 2025 [1] - Cyprus recorded the highest annual growth in retail trade volume among EU member states, with an increase of 8.7%, followed by Croatia at 7.4%, Malta and Portugal both at 6.9%, and Estonia at 4.9% [1] - Finland experienced the largest decline in retail trade volume, with a year-on-year decrease of 1.1%, while Slovakia saw a decline of 0.4% [1] Group 2 - In terms of product categories, food, beverages, and tobacco saw a year-on-year growth of 1.5%, while non-food products increased by 4.4% and automotive fuel rose by 4.6% [1]