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First Half

Nine exchange-traded funds widely associated with the country’s so-called national team recorded combined net inflows of 128.7 billion yuan ($19 billion) during the week ending 23 October. The total was the highest since nearly 140 billion yuan entered the same closely watched group during the tariff-driven market turmoil 18 months earlier.

The surge followed a punishing decline in mainland shares that pushed the CSI 300 benchmark into bear-market territory, conventionally defined as a fall of at least 20% from a previous peak. Investors have been monitoring large purchases of index-tracking funds for indications that state-backed institutions are seeking to contain further losses.

The figures measure money entering funds favoured by official investors rather than confirmed purchases by government-controlled entities. No public announcement has established how much of last week’s inflows came directly from the state, making the scale of official intervention difficult to determine precisely.

Central Huijin Investment, a unit of sovereign wealth fund China Investment Corporation, is among the principal institutions associated with market stabilisation. Its investment activity has become an important signal for traders attempting to assess Beijing’s willingness to support share prices during periods of intense volatility.

The latest inflows were concentrated in exchange-traded products offering exposure to broad mainland equity benchmarks. Such vehicles enable institutions to acquire diversified holdings quickly, directing demand towards major listed companies without having to purchase individual shares separately.

Thursday’s trading illustrated the pressure facing authorities. The CSI 300 fell into a bear market as persistent selling overwhelmed earlier signs of institutional support. Funds favoured by state investors attracted approximately 46 billion yuan that day, highlighting the contrast between substantial new subscriptions and continuing weakness in underlying shares.

Friday brought a partial reversal. The CSI 300 finished 1.7% higher at 4,105.33 after falling by as much as 2% during the session. The recovery coincided with unusually active trading in several large index funds, although trading patterns alone cannot identify the buyers responsible.

One CSI 300 exchange-traded fund managed by E Fund Management registered turnover of about 19.5 billion yuan on Friday, its busiest session since October 2024. Heavy turnover can reflect purchases and sales by multiple participants and does not, by itself, establish the size of net state investment.

The rebound provided relief after a prolonged retreat that had already tested confidence in official market-support measures. The benchmark had endured a record sequence of weekly declines, leaving investors focused on whether additional institutional demand could interrupt the selling pressure.

Analysts at China Securities, including Yao Ziwei, had previously identified large subscriptions to leading broad-market funds and heavier activity towards the close of trading as characteristics consistent with institutional buying against the prevailing market trend. Their observations did not amount to confirmation of individual investors’ identities.

The scale of potential support has also attracted attention. Analysts including Rebecca Sin estimated that Central Huijin raised approximately $231 billion through exchange-traded fund sales during the first half of 2026 and redeployed about $43 billion after purchases resumed in July. Their calculations suggested considerable remaining capacity, although available resources do not guarantee further buying.

Those estimates underscore the distinction between market intervention and a sustained recovery. Purchases can provide immediate demand for shares, but their effect depends partly on whether other investors become willing to hold equities without continued institutional assistance.

The comparison with April 2025 is significant because that episode followed sweeping American tariff announcements that triggered sharp market losses. Authorities subsequently introduced measures intended to stabilise trading and confidence. Last week’s inflows approached the scale seen during that earlier emergency, despite the different circumstances surrounding the latest decline.

The nine-fund basket represents only part of China’s exchange-traded fund market. Subscription figures can vary depending on the funds selected, the valuation method and the period measured, while changes in units outstanding cannot establish the identity of the ultimate purchaser.

Mainland exchange-traded funds are listed securities whose prices fluctuate throughout the trading day. Their creation and redemption mechanisms allow authorised institutions to adjust the number of units outstanding as investor demand changes. These mechanisms can produce substantial changes in reported fund flows even when trading activity involves different categories of institutional and individual market participants.

The Thailand Board of Investment (BOI) said on Saturday that applications submitted between 2023 and the first half of 2026 totalled 23.5 billion baht. The proposed projects cover specialised components and industrial materials used in electronics, batteries, electric motors and hydrogen technologies.

The figures represent investment applications rather than completed expenditure. The agency did not provide a breakdown of project approvals, construction schedules or the amount already invested, leaving the pace at which the proposed capacity will become operational unclear.

Narit Therdsteerasukdi, secretary-general of the BOI, said domestic production of sophisticated materials could reduce dependence on imports and allow Thai suppliers to participate in higher-value international manufacturing networks. The agency wants to develop industries supplying essential inputs rather than relying principally on assembly operations.

The applications include multilayer ceramic capacitors, graphite films used for heat management, engineered ceramics, neodymium magnets, materials for batteries and fuel cells, and specialised glass and quartz fabrics used in printed circuit boards. Nanomaterials for precision manufacturing are also represented.

Such products are important to increasingly powerful computing equipment. Multilayer ceramic capacitors help regulate electrical power in electronic circuits, while graphite films dissipate heat generated by densely packed components. The BOI said a high-end AI server can contain as many as 30,000 ceramic capacitors, illustrating the scale of demand associated with advanced computing infrastructure.

Among the companies identified by the agency, Taiwan’s Fultech Fiber Glass produces glass fabrics for circuit boards, including higher-performance varieties suitable for AI servers. Jones Tech manufactures synthetic and natural graphite films designed to transfer heat away from electronic devices.

Other projects target electric transport and energy storage. BGN Thai produces coated foils for lithium-ion batteries, while Phinis Well manufactures neodymium magnets used in electric motors. Xinyuan Graphite supplies bipolar plates for hydrogen fuel cells, extending the range of technologies covered by the investment pipeline.

CoorsTek Advanced Materials, part of the US-based ceramics group CoorsTek, has invested in engineered ceramics used in automotive pressure sensors and silicon nitride balls for hybrid bearings. Those bearings have applications in electric vehicles and wind turbines. Golden Egret Cemented Carbide produces tungsten carbide powders for precision cutting tools.

Thailand already hosts established electronic component manufacturers, including Japan’s Murata Electronics and Kyocera AVX Components. The BOI cited these operations as part of the industrial base supporting the proposed expansion into more specialised upstream production.

The announcement follows broader growth in investment applications for technology-intensive industries. BOI figures released for the first half of 2026 showed total applications rising 37 per cent from a year earlier to approximately 1.47 trillion baht across 1,299 projects. Digital infrastructure, including data centres, accounted for a substantial share of the total.

Those economy-wide figures are separate from the 23.5 billion baht advanced materials pipeline, which covers applications accumulated over a longer period. Comparing the two as if they represented the same reporting window would overstate the scale of the materials industry’s immediate expansion.

The government’s electronics strategy has also focused on printed circuit boards, a manufacturing segment closely linked to AI servers and communications equipment. Authorities announced approvals for further expansion by three circuit-board manufacturers involving more than $668 million in investment, with over 5,000 additional jobs expected from those projects.

Electric vehicle manufacturing provides another source of potential demand. BOI data published in September placed cumulative approved investment across Thailand’s electric vehicle supply chain at approximately $4.59 billion through August, covering vehicle assembly, batteries and key components. That total concerns a different investment category and should not be added to the newly disclosed applications without checking for overlap.

Narit said the agency would continue supporting research, technology development and workforce training alongside investment promotion. Its stated objective is to increase the share of advanced materials and components manufactured domestically for regional and international customers.

The investment drive also reflects Thailand’s efforts to attract suppliers serving multiple industries, rather than individual product categories. Manufacturers of specialised materials can potentially supply electronics, automotive and renewable-energy customers through overlapping production capabilities and established distribution networks.

The BOI calculated the dollar equivalent of the latest proposals using an exchange rate of approximately 33.76 baht to the US dollar. The agency, established in 1966, administers investment promotion for both domestic and foreign businesses.

The projects, filed through the first half of 2026, cover multilayer ceramic capacitors (MLCCs), thermal graphite films, high-performance ceramics, battery and fuel-cell materials, neodymium magnets, glass and quartz fabrics for printed circuit boards, and nanomaterials for precision manufacturing. Together they mark a shift for one of Southeast Asia’s largest economies from downstream assembly toward the high-value materials on which future industries are built.

In AI computing and clean energy, lighter, more heat-resistant and more conductive materials determine how well devices perform. MLCCs are essential components in products from smartphones to AI servers, and a single high-end server can use up to 30,000 of them.

“The world is moving toward products that are smaller and lighter, yet stronger and more efficient,” said Mr. Narit Therdsteerasukdi, Secretary General of the Thailand Board of Investment. “Producing advanced materials in Thailand is key to building sustainable industrial capacity, reducing reliance on imports, and opening the door for Thai companies to join higher-value supply chains.”

Thailand is already a production base for leading component makers, including Japan’s Murata Electronics, which holds more than 35 percent of the global MLCC market, and Kyocera AVX Components, the world’s top tantalum capacitor maker. Among the new projects, Taiwan’s Fultech Fiber Glass makes glass fabric for printed circuit boards, including high-performance grades for AI servers. Jones Tech produces synthetic and natural graphite films that carry heat away from electronic devices.

Beyond electronics, the projects strengthen supply chains for electric vehicles, batteries, and clean energy, from BGN Thai’s coated foils for lithium-ion batteries and Phinis Well’s neodymium magnets for EV motors to Xinyuan Graphite’s bipolar plates for hydrogen fuel cells.

CoorsTek Advanced Materials, a subsidiary of US-based CoorsTek — a global leader in engineered ceramics for the semiconductor and aerospace industries — has invested in producing ceramics for automotive pressure sensors and silicon nitride balls for hybrid bearings in EVs and wind turbines. Golden Egret Cemented Carbide is making tungsten carbide powders for precision cutting tools, reinforcing Thailand’s base for high-precision manufacturing.

“The advanced materials industry taking root in Thailand today is the foundation of tomorrow’s supply chains in electronics, EVs, batteries, and clean energy,” Mr. Narit said. “The BOI will keep building this investment base, strengthening upstream materials and components, and supporting R&D, technology, and workforce development, to move Thailand from downstream to upstream production and make it the region’s advanced materials hub.”

Note: USD conversions are based on the Bank of Thailand’s average selling rate of approximately 33.76 baht per USD.

Hashtag: #Thailandboardofinvestment #BOI #FDI #Investment

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Thailand Board of Investment (BOI)

Established in 1966, the Thailand Board of Investment (BOI) has spent six decades promoting high-value investment from both foreign and Thai investors, strengthening the country’s competitiveness and driving its transition toward a sustainable, balanced new economy.

Investment Services Center — PR Section, Office of the Board of Investment (BOI)

555 Vibhavadi-Rangsit Road, Chatuchak, Bangkok 10900 Tel. +66 (0) 2553 8111, Fax +66 (0) 2553 8222

By Dr. Gyan Pathak Denotification of Jantar Mantar as protest site on 12 October 2026 has given anti-CEC and anti-SIR protesters to decentralize and widen the scope and ambit of the movement. The call for the nationwide street protest on October 23 given by the umbrella organization People Against SIR is likely to create numerous […]

The article October 23 Nationwide Anti-CEC Anti-SIR Protests Deepen Centre’s Dilemma appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

By Dr. Gyan Pathak Socio-political situation in India is worsening faster than anyone can handle it, even the Judiciary, which is seen as moving at comparatively slower pace in delivering justice in the fight between competing interests. “We hope better sense will prevail on everyone,” said Chief Justice of India (CJI) Surya Kant today October […]

The article Protests Against CEC, Scheming Government, And The Judiciary appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

Planned high-speed rail and road links are expected to bring the city center within 20 to 35 minutes of the 2,870-hectare ESG++ coastal urban area in Can Gio, while on-site schools, healthcare, offices and parks are designed to reduce the number of trips residents need to make.

HO CHI MINH CITY, VIETNAM – Media OutReach Newswire – 16 October 2026 – Vinhomes is developing Vinhomes Green Paradise, a 2,870-hectare ESG++ coastal urban area in Can Gio, southeastern Ho Chi Minh City, around one measure of location: the time residents spend getting where they need to go.

The master plan rests on two pillars. First, new transport infrastructure is expected to shorten journeys to the city center: the Ben Thanh-Can Gio high-speed railway, targeted for commercial operation in the fourth quarter of 2028, is designed to link the area with downtown in about 20 minutes, while the planned Can Gio Bridge and a widened Rung Sac Boulevard are expected to cut drive times to about 35 minutes.

Second, an on-site ecosystem that includes 104 planned schools, an international general hospital, more than 2 million square meters of office space and more than 370 parks is intended to place most daily needs within reach of home.

The approach responds to a shift in how urban households assess where to live. In fast-growing cities, a home only a few kilometers from the workplace can still require hours in traffic each week. For a resident who saves 15 minutes each way, the gain is about 11 hours a month over 22 working days.

Academic research suggests these hours carry real weight. Using German household data from 1985 to 1998, University of Zurich economists Alois Stutzer and Bruno Frey identified what they termed the “commuting paradox”: people with longer commutes consistently reported lower life satisfaction, contrary to the standard assumption that they are fully compensated by higher pay or better housing. By their estimate, a person commuting one hour each way would need roughly 40% more income to be as satisfied as someone with no commute.

In Ho Chi Minh City, where rapid growth has outpaced the expansion of the road network, traffic congestion remains a significant cost to residents and the local economy. For many homebuyers, the relevant question is increasingly not how far a property is from the center, but how long it takes to get there.

Rail and road links expected to bring the city center within 20 to 35 minutes

Two major infrastructure projects are set to change how Can Gio connects with the rest of Ho Chi Minh City. The Ben Thanh-Can Gio high-speed railway is designed to reach the city’s historic center in about 20 minutes, and the Can Gio Bridge, together with an expanded Rung Sac Boulevard, is expected to bring drive times from downtown to about 35 minutes.

Can Gio, home to a UNESCO-recognized mangrove biosphere reserve, has long been reached mainly by the Binh Khanh ferry. The railway, developed by Vingroup company VinSpeed, will run about 54 kilometers with a maximum design speed of 350 km/h. Construction began in December 2025, and commercial operation is targeted for the fourth quarter of 2028. The line will connect Ben Thanh station in central Ho Chi Minh City with Vinhomes Green Paradise.

On the road network, the Can Gio Bridge, scheduled to open in 2029, will replace the Binh Khanh ferry crossing. Rung Sac Boulevard, the main artery to the area, is being widened to up to 10 lanes. Once complete, the two options are expected to give residents a choice between rail for direct trips to the center and road travel for journeys with multiple stops.

International research points to a link between transit access and property values. A study commissioned by the American Public Transportation Association (APTA) and the National Association of Realtors (NAR), which tracked five U.S. metropolitan regions from 2006 to 2011, found that homes within half a mile of high-frequency transit outperformed their wider regions by 41.6% over the period, which included the Great Recession. A 2019 follow-up study found that homes near transit sold at median prices 4% to 24% higher than those farther away.

On-site services designed to reduce the number of daily trips

Beyond the commute, Vinhomes Green Paradise is planned to bring education, healthcare, work, retail and recreation inside the community, so that school runs, medical visits, shopping and exercise require shorter trips or none at all. Key components include 104 planned schools, Vinmec Can Gio International General Hospital, more than 2 million square meters of office space and more than 370 parks and green areas.

Education: The master plan provides for 104 schools, including the Vinschool K-12 system and Brighton College Vietnam, reducing the need for long school runs across the city.

Healthcare:Vinmec Can Gio International General Hospital is being developed with Cleveland Clinic as strategic advisor and is designed around the Cleveland Clinic model of care, offering residents access to international-standard treatment close to home.

Work:More than 2 million square meters of office space is intended to allow residents to work near where they live, as financial and technology businesses establish a presence in the area.

Retail and leisure:Planned amenities include Vincom shopping centers, a 20-hectare premium outlet, the 46-hectare Cosmo Bay dining and entertainment complex, two golf courses covering 155 hectares, the 122-hectare VinWonders theme park and Song Xanh Theater.

Green space:More than 370 parks and green areas are planned to place open space within 500 meters of every residence, linked by walking paths and bicycle lanes. The Trust for Public Land estimates, conservatively, that buyers pay 5% to 15% more for homes within three blocks of a well-maintained park.

The project draws on planning principles that cities such as Copenhagen and Singapore have applied for years: development organized around public transit, mixed land use and walkable neighborhoods. At Vinhomes Green Paradise, high-speed rail, education, healthcare, offices and recreation are being planned together from the outset rather than added incrementally, with the aim of measuring a home’s location by the time it returns to residents.
Hashtag: #Vinhomes

https://vinhomes.vn/en

The issuer is solely responsible for the content of this announcement.

About Vinhomes

Vinhomes is Vietnam’s largest residential real estate and integrated township developer. The company pioneers the development of synchronized, modern large-scale townships, delivering premium living standards and unlocking sustainable investment opportunities for domestic and international clients.

The IMF forecast regional expansion of 4.8 per cent in 2026, compared with 5 per cent last year, followed by a further slowdown to 4.4 per cent in 2027. Its latest estimate for this year nevertheless represents a substantial upgrade from the 4.4 per cent projected in April.

The revised outlook reflects sharply contrasting pressures across Asia. Demand for semiconductors, data centres and other technology equipment has strengthened exports and investment, while higher energy costs linked to the Middle East conflict have squeezed economies dependent on imported fuel.

The fund warned that a reversal in AI investment or technology share valuations could undermine growth disproportionately because Asian manufacturers occupy central positions in global electronics supply chains. Higher sovereign borrowing costs and prolonged disruption to energy supplies present additional threats.

Emerging and developing Asian economies are projected to grow 5.1 per cent this year, down from 5.6 per cent in 2025, before slowing to 4.9 per cent next year. Advanced regional economies are expected to expand 3.2 per cent in 2026, compared with 2.5 per cent last year, then moderate to 2 per cent in 2027.

The IMF upgraded forecasts for South Korea, Taiwan and Hong Kong, where demand linked to AI infrastructure has lifted manufacturing and exports. China and India also received upward revisions, although countries facing higher inflation without equivalent technology gains have experienced weaker growth projections.

Krishna Srinivasan, director of the IMF’s Asia and Pacific Department, said at the fund’s annual meetings in Bangkok that technology exports had accelerated sharply during the first half of 2026. Demand for chips and investment in data centres were important contributors, alongside stronger trade within the region.

He said economies had responded to energy disruptions by diversifying fuel suppliers, reducing consumption, increasing alternative energy use and drawing down inventories. Governments had also introduced measures intended to contain inflation, protect incomes and prevent supply shortages.

Those adjustments have not eliminated the unequal effects of the energy shock. Bangladesh, Cambodia and Laos are among the fuel-importing economies with limited direct exposure to the AI investment boom and comparatively restricted financial resources to absorb further pressure.

The IMF urged monetary authorities to maintain price stability as expensive energy threatens to push inflation expectations higher. It cautioned that central banks could face difficult decisions if weaker growth coincides with persistent price pressures, particularly where currencies and capital flows respond to changes in global interest rates.

Fiscal policy should focus on vulnerable households and businesses rather than costly blanket subsidies, the fund indicated. Elevated public debt and higher bond yields reduce governments’ ability to sustain broad support programmes without increasing financial risks.

The regional assessment comes as investors reassess the durability of spending on AI infrastructure. Asian technology shares suffered steep losses on Thursday, with South Korea’s benchmark stock index falling nearly 8 per cent and Japan’s Nikkei dropping about 5 per cent amid concerns over US inflation and borrowing costs.

The fund also identified concentrated stock market valuations and increased investor leverage as potential sources of instability. A sharp repricing could affect financing conditions and confidence even in economies where orders for technology products remain comparatively strong.

Separately, the IMF expects China’s growth to slow from 5 per cent in 2025 to 4.5 per cent this year and 4 per cent in 2027. It has called for stronger domestic demand and fiscal measures to counter deflationary pressures, rather than continued reliance on external sales.

Beyond financial markets, the fund highlighted employment challenges associated with technological change. Srinivasan said its research found employer demand for jobs more exposed to AI had declined by 10 per cent, although that effect appeared to have stabilised as employers sought workers with relevant skills.

The IMF recommended addressing youth unemployment and skills mismatches, strengthening social protection and improving energy security through diversification and renewable supplies. It also supported deeper regional trade integration as governments seek to preserve access to markets despite tariff barriers.

The regional outlook additionally identified a severe El Niño episode as a potential disruption to agriculture, fisheries and hydropower generation, with possible consequences for food and electricity prices across vulnerable economies, particularly in countries heavily reliant on imported energy.

By Dr. Gyan Pathak Even as employment among the graduate-level or higher education have registered about 21 million increased in the last one year, share of working graduates in the labour market of India fell to 5 years low in September 2026 with fall in Labour for Participation to 52.26 per cent. Moreover, adding to […]

The article Working Graduate Share In Labour Market Fell To 5 Years Low In September appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

The German automotive supplier said the facility, formally inaugurated on 8 October, already employs more than 120 engineers and is expected to increase its workforce to more than 300 over the coming years. It did not specify a deadline for reaching that target or disclose the investment involved.

Engineers at the Pune centre are working on software, hardware, systems engineering and mechanical development for customers internationally. Their responsibilities include embedded software, functional safety, cybersecurity and technologies associated with the next generation of steering and chassis systems.

The operation will collaborate with Thyssenkrupp’s development teams in other countries throughout product development, rather than concentrating exclusively on projects for the domestic vehicle market. The company described the facility as an integrated part of its global research and development organisation.

Viktor Molnar, chief operating officer of Thyssenkrupp Automotive Technology, said software, electronics and collaboration between engineering teams across countries were becoming increasingly important to the automotive industry. The Pune operation would provide additional development capacity for customers worldwide, he said.

The expansion reflects changes in vehicle engineering as software increasingly controls functions previously handled primarily through mechanical components. Steering and chassis systems now require developers to coordinate electronic hardware, embedded code and physical components while meeting stringent safety and security requirements.

Functional safety work concerns the identification and control of hazards arising from failures in electrical and electronic systems. Cybersecurity engineering addresses vulnerabilities that could expose connected vehicle functions to interference or unauthorised access. Both are integral to the development of more digitally controlled automotive systems.

The Pune engineers will contribute to customer programmes at different stages of development, including systems design and integration. Thyssenkrupp has not identified individual vehicle manufacturers whose programmes will be handled at the new location, nor has it disclosed specific contracts associated with the expansion.

Björn Erbe, a senior research and development executive in Thyssenkrupp Automotive Technology’s chassis business, said the intention was to establish a significant engineering operation integrated with the group’s international teams. Combining expertise based in Pune with the company’s existing technical resources would enable it to expand development activities, he said.

The centre is situated at Solitaire Business Hub 2 in Pune’s Baner-Balewadi business district. The company identified the city’s established automotive manufacturing sector, universities, engineering businesses and availability of software specialists as factors behind its choice of location.

Recruitment is expected to concentrate initially on software, hardware and mechanical engineering, with specialist capabilities added according to technical needs and customer demand. The company has also indicated that it sees opportunities to work with universities and the wider engineering community in Pune.

The company’s move also places engineering functions and prospective customer engagement in the same city, although it has not yet publicly said whether the new sales organisation will operate from the engineering premises. The plans for sourcing and sales are separate from the confirmed staffing figures for the development centre.

The engineering investment forms part of a broader plan to expand Thyssenkrupp Automotive Technology’s activities in India. The company is strengthening its sourcing operations and establishing a sales team in Pune to build relationships with vehicle manufacturers and pursue business locally.

Manufacturing is not included in the newly inaugurated engineering centre. Thyssenkrupp said it envisages establishing production capabilities in India only if it secures suitable customer projects. No factory location, investment commitment or production timetable has been announced.

The distinction means the confirmed expansion concerns engineering capacity, while local manufacturing remains conditional on commercial demand. The company has similarly not given a precise timetable for the next phase of staffing at the Pune development site.

Plans for the facility were first announced in 2025, and engineering operations were progressively established before the formal opening. The inauguration therefore marks an expansion of an existing development team rather than the beginning of work at an entirely unstaffed location.

Thyssenkrupp’s steering business also announced a partnership with L&T Technology Services in June 2025 for a Pune software development hub dedicated to safety-critical steering applications. That agreement provided for L&T Technology Services to establish and manage the hub on the steering business’s behalf. The latest inauguration announcement did not specify whether the two Pune operations share facilities or personnel.