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Distinguished guests from both sides of the Taiwan Strait attended the opening ceremony and noted in their remarks that Dr. Sun Yat-sen is a revered national pioneer shared by compatriots on both sides of the Strait. His vision of rejuvenating China remains a common spiritual legacy, and people across the Strait should carry forward his ideals and work hand in hand toward national rejuvenation. During the opening ceremony, Zhongshan Municipal People’s Government and the Association of Taiwan Investment Enterprises on the Mainland signed the Strategic Framework Agreement on Deepening Zhongshan–Taiwan Economic and Trade Cooperation to Promote Integrated Development, laying a solid institutional foundation for long-term industrial cooperation across the Strait.

A series of cultural exchange activities also took place throughout the forum. Participants enjoyed an evening tour of the century-old Sunwen West Road Arcade Pedestrian Street, immersing themselves in Zhongshan’s rich historical heritage and the vibrant cultural and tourism scene of the Guangdong-Hong Kong-Macao Greater Bay Area. They also visited the Museum of Dr. Sun Yat-sen, where they studied revolutionary historical archives, bowed before Dr. Sun’s bronze statue to pay homage, and gained a deeper appreciation of his enduring ideals of “All Under Heaven Belong to the People” and “Revitalize China”. Many participants remarked that these activities provided an excellent platform for sustained exchanges among young people across the Strait and that their shared cultural roots and common heritage form a solid foundation for advancing cross-strait spiritual integration.

To further strengthen cross-strait economic cooperation and advance industrial integration between Shenzhen and Zhongshan, the forum also featured the “Taiwan Businesses Gather in Zhongshan, Industries Glow in the Greater Bay Area” 2026 Guangdong-Taiwan Economic and Trade Exchange Conference and Investment Promotion Event Celebrating the Second Anniversary of the Shenzhen-Zhongshan Link. A total of 19 industrial projects were signed during the event. The first group comprised seven Taiwan-invested projects spanning semiconductor supporting industries, electronic components, smart home products, high-end fitness equipment, and medical devices. The second and third groups included 12 Shenzhen-Zhongshan collaborative projects covering new energy vehicle components, industrial robotics, memory chip packaging, advanced specialty materials, and integrated cultural, tourism, and commercial developments.

During the investment promotion event, Taiwan business representatives spoke highly of Zhongshan’s business environment. Zhang Congyuan, Chairman of Huali Industrial Group, which has operated in Zhongshan for more than two decades, praised the city’s enterprise service philosophy of “staying out of businesses’ way when everything runs smoothly while providing prompt support whenever needed”. He noted that this business-friendly environment has helped the company grow into one of the world’s leading manufacturers of athletic footwear.

Guo Wenhai, secretary of the CPC Zhongshan Municipal Committee, extended a sincere invitation to Taiwan businesses and entrepreneurs to invest and establish operations in Zhongshan. He emphasized that the city offers not only strong industrial infrastructure but also high-quality government services. Zhongshan will continue to provide proactive, efficient, and dedicated support for businesses while continuously improving both its hard and soft investment environment. Leveraging the opportunities created by the Shenzhen-Zhongshan Link, the city aims to create broader prospects for cooperation and shared growth for enterprises from both sides of the Taiwan Strait.

Participants and Taiwan business representatives agreed that, taking the 160th anniversary of Dr. Sun Yat-sen’s birth as an important milestone, this year’s forum created new channels for both cultural exchanges and industrial cooperation across the Strait. Looking ahead, Zhongshan will continue to organize regular initiatives, including entrepreneurship support programs for young people from Taiwan, youth exchange activities, and Guangdong-Taiwan industrial matchmaking events. By carrying forward Dr. Sun Yat-sen’s spirit, embracing the opportunities of the Greater Bay Area, and strengthening both economic cooperation and people-to-people ties, the city will continue to contribute to a new chapter of integrated cross-strait development.

Hashtag: #CrossStraitSunYatSenForum #Zhongshan #Guangdong

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By K Raveendran The arithmetic of India’s fuel market has long been sold as market-driven, but the latest price movements expose a more selective discipline. When crude oil rises, the pass-through to consumers and businesses is quick, stern and explained as unavoidable. When the same crude oil retreats, the adjustment becomes cautious, partial and wrapped […]

The article Retail Petroleum Prices Fall Only On Paper As Consumers Wait In Anticipation appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

The event, staged on 27 June under the theme “Empowering Enterprises to Go Global, Pioneering the Blue Ocean of Silver Economy”, brought together senior government officials, banking executives, fund specialists and business figures at a time when Hong Kong is sharpening its role as an international asset and wealth management centre. The programme focused on three closely linked priorities: helping companies expand overseas, strengthening Hong Kong’s position as a global offshore renminbi hub, and turning demographic change into investable opportunities across healthcare, insurance, lifestyle and retirement planning.

Michael Wong, Acting Financial Secretary of the HKSAR Government, Christopher Hui, Secretary for Financial Services and the Treasury, and Stephen Chan, Deputy Chief Executive of BOCHK, officiated at the event. Other participants included Ko Wing-man, Standing Committee member of the National Committee of the CPPCC; Siu Sai-wo, General Manager for Business Operations at TVB; Pauline Ngan, Deputy Chairman and Managing Director of Mainland Headwear Holdings; Sam Yu, Chairman of the Hong Kong Investment Funds Association; Jack Yang, RMB Business Executive Director of BOCHK; Terry Wong, Chief Executive Officer of Hong Kong Science and Technology Parks Corporation; Angus Chan of Chinachem Group; and Wilson Tang, Chief Executive of BOC Group Life Assurance.

The expo’s opening forum examined how wider use of the renminbi could support enterprises expanding beyond their home markets. Speakers discussed changing global investment conditions, cross-border settlement, capital-market access and Hong Kong’s role as a bridge between the mainland and international investors. The focus reflected a policy push to deepen offshore renminbi activity while helping companies manage foreign exchange, financing and liquidity risks during overseas expansion.

Stephen Chan said Hong Kong was positioned to benefit from the 15th Five-Year Plan’s support for the city as an international asset and wealth management centre. BOCHK would align with government policy by deepening regional business development and promoting wider use of the renminbi, while contributing to Hong Kong’s standing as an international financial centre.

The event also gave prominence to the silver economy, a fast-expanding theme in Asian wealth and business strategy as ageing populations reshape demand for health services, insurance, property, retirement products and lifestyle consumption. The summit forum explored how traditional industries could adjust supply chains and develop services for older consumers, with particular attention to healthcare, elderly care, insurance and technology-enabled services.

Hong Kong’s wealth industry has entered the year with strong structural tailwinds. The city’s asset and wealth management business stood at more than HK$35 trillion at the end of 2024, with more than half of assets sourced from outside the mainland and Hong Kong. The number of single-family offices exceeded 3,380 by the end of 2025, up by about 680 from the end of 2023. Hong Kong has also overtaken Switzerland as the world’s largest cross-boundary wealth management centre, with cross-border wealth booked in the city reaching about $2.9 trillion in 2025.

That momentum is being matched by more intense competition and tighter compliance expectations. Banks and wealth managers are expanding advisory services, digital platforms and family-office offerings, but cross-border flows are facing closer scrutiny as authorities seek to ensure funds move through proper channels. The challenge for the city is to preserve its appeal to private clients while remaining aligned with broader policy priorities, including corporate treasury management, offshore renminbi use and regulated investment connectivity.

The expo’s workshops covered global fund and equity-market conditions, retirement wealth planning, emerging-market investment and multi-asset income strategies. One session examined renminbi assets and China’s equity and bond markets in the context of deeper economic links with ASEAN, the Global South and Belt and Road partner countries. Another looked at income opportunities across Asia-Pacific and emerging markets as investors reassess portfolios amid volatile global equity and bond markets.

The SoftBank-backed company has been evaluating a US listing that could raise as much as $500 million and value the business at more than $3 billion, though the size, timing and venue of the offering remain subject to market conditions. A confidential filing would allow Carro to begin regulatory engagement without immediately disclosing detailed financial information to the public.

The move would test investor appetite for a profitable, asset-heavy digital commerce platform at a time when equity markets have become more selective about technology listings. Carro’s case is likely to be watched closely because it combines online vehicle transactions, financing, insurance, after-sales services and data-driven pricing across multiple Asia-Pacific markets.

Founded in 2015 by Aaron Tan, Aditya Lesmana and Kelvin Chng, Carro has grown from an online used-car platform into a broader automotive ecosystem. Its operations cover Singapore, Malaysia, Indonesia, Thailand, Japan, Taiwan and Hong Kong, with Australia also identified as an expansion market. The company uses artificial intelligence and proprietary data tools to inspect, price, finance and sell vehicles, a model designed to reduce friction in a fragmented second-hand car market.

Carro’s financial profile has strengthened ahead of the possible listing. The company posted FY2025 revenue of S$1.2 billion, gross profit of S$149 million and EBITDA of S$43 million, while total assets stood at S$1.3 billion. The results marked its fifth consecutive year of positive EBITDA, offering a contrast with earlier generations of venture-backed marketplaces that pursued scale while absorbing heavy operating losses.

The prospective IPO would come after a series of private funding rounds that brought in heavyweight investors. SoftBank Vision Fund 2 led a US$360 million Series C round in 2021, helping Carro reach unicorn status. Other backers include Temasek, GIC, EDBI, B Capital, Woori Venture Partners and Cool Japan Fund, which led a US$60 million strategic investment last year to support demand for Japanese vehicles across Asia-Pacific.

Carro’s listing plans also reflect a changing market for used cars in Southeast Asia. Rising new-vehicle prices, tighter household budgets, longer replacement cycles and growing acceptance of online purchases have supported demand for certified pre-owned vehicles. Digital platforms are trying to capture this shift by offering inspection guarantees, financing, insurance and warranty products that traditional dealers often provide unevenly.

The company’s expansion into financing is a central part of its investment story. Its fintech arm, Genie Financial Services, has built a loan book while keeping non-performing loans below 0.5 per cent in previously disclosed figures. That lending capability gives Carro an additional revenue stream, but it also exposes the company to credit risk, interest-rate movements and regulatory oversight across several markets.

A US IPO would place Carro in front of investors familiar with listed online auto retailers such as Carvana, whose turnaround has helped restore interest in the sector. Stronger US used-car platform earnings have improved sentiment, but investors remain cautious about businesses that carry inventory, require working capital and depend on financing conditions. Carro would need to show that its marketplace margins, ancillary services and regional scale can offset those pressures.

The offering would also be significant for Southeast Asia’s start-up ecosystem. A successful listing could become one of the largest US debuts by a company from the region since Sea’s 2017 flotation and may encourage other late-stage technology firms to revisit overseas listing plans. Traveloka, Carsome and Xendit have all been viewed as potential public-market candidates, though each faces different timing, valuation and profitability considerations.

For SoftBank, Carro’s progress would add to efforts to demonstrate exits from its later-stage technology portfolio after several years of volatile valuations. Public-market investors have become more disciplined in assessing growth companies, favouring businesses that can show durable margins, strong cash generation and clearer paths to profitability.

Carro’s final decision is not guaranteed. Market volatility, valuation expectations, disclosure requirements and investor demand could alter the timetable or push the company towards another private financing round before any listing. A confidential filing would mark an important step, but the formal IPO process would still depend on roadshow feedback, regulatory review and broader equity-market conditions.

Simultaneous Launch of the New Fo Tan Campus: Introducing One-Stop Academic Consulting and Private Candidate Programs, Championing an “Individualized Teaching” Tutoring Philosophy to Solve the “Transition Gap” for Cross-Border Students

HONG KONG SAR – Media OutReach Newswire – 23 June 2026 – As the Hong Kong government’s various talent admission schemes continue to deepen, a significant wave of high-achieving elite families has settled in the city. Latest official data from the Labour and Welfare Bureau[1] reveals that more than 410,000 applications have been approved under these admission schemes over the past three years. Among the approved cases, the “Top Talent Pass Scheme” (TTPS), which targets high-income individuals or graduates of top-tier global universities, recorded over 120,000 successful applications. Notably, nearly 40% of approved applicants in Categories B and C graduated with bachelor’s degrees from top international universities, possessing strong, insightful mindsets and professional capabilities. This significant intake of highly educated “New Hong Kong” families has enriched the local talent pool while directly accelerating substantial demand for international education and curriculum transitions.

According to the Q2 market trends observation by For You Education, an esteemed tutoring and admissions consulting institution in Hong Kong, TTPS parents demonstrate highly strategic foresight in planning their children’s education. Most favor international schools or a “dual-track” pathway via Direct Subsidy Scheme (DSS) schools, triggering an exponential increase in consultation and registration volumes for international examinations such as IB, IGCSE, and A-Level. For You Education identifies three core reasons behind this phenomenon: first, parents view studying abroad as a critical pathway to cultivating a global worldview and expanding horizons; second, international curricula offer rigorous academic depth, allowing students to focus on their strengths and achieve higher academic merit; third, international examinations feature flexible pacing and allow retakes, granting students greater autonomy in their preparation.

Bridging the Dual Gap of “Language and Academic Depth”: Comprehensively Enhancing the Support System via “Private Candidate Programs”

When transitioning into the Hong Kong or international education systems, cross-border students often encounter two major hardships: the “language adaptation period” of moving from a Chinese-medium to an all-English teaching environment, and the “systemic differences” in curriculum breadth and depth between mainland and international examinations. Taking International A-Level (IAL) as an example, though it offers fewer subjects than the Mainland National Higher Education Entrance Examination (Gaokao), it requires deeper academic exploration and a higher degree of self-directed study within specific disciplines.

Traditional mainland education focuses heavily on intensive test-drilling, whereas international curricula (such as IB and IAL) emphasise critical thinking and research writing, such as IB’s Extended Essay. Unlike the high-stakes Gaokao, which allows students to take the exam only once, international tracks offer greater subject flexibility and an elevated margin for error. For instance, GCE A-Level allows students to choose three to four specific subjects based on their personal strengths for deep focus, while permitting modular retakes, resulting in significantly greater autonomy in preparation.

For You Education observes that many TTPS families discover that, after relocation, their local schools do not offer international curricula such as IB or IAL. Consequently, despite students’ willingness to sit, they lack institutional support and resources within their schools. To address this market gap, For You Education has carefully designed its “Private Candidate Programs” to fully support students registering for international public examinations as private candidates. Through comprehensive curriculum structuring and pre-exam coaching, the team helps students overcome institutional barriers and seamlessly transition to top global universities.

Official Opening of Fo Tan Campus: One-on-One and High-Efficiency Group Tutoring Aimed Directly at Return on Investment (ROI) in Education

To better serve newly arrived TTPS families, For You Education announced the official opening of its new branch campus in Fo Tan this quarter. The new campus features upgraded teaching facilities and a centralized team of core professional tutors. Most For You Education tutors possess prestigious international academic backgrounds and extensive cross-border teaching experience, equipping them with a nuanced understanding of the linguistic, psychological, and academic blind spots faced by mainland students transitioning to Hong Kong. Following a comprehensive service upgrade, the center offers an array of solutions encompassing Hong Kong international school admissions, IB tutoring, IGCSE curriculum, and A-Level subject selection.

In response to growing parental expectations regarding the Return on Investment (ROI) of international education, the new Fo Tan campus will prioritize personalized one-on-one and high-efficiency small-group teaching models. Practicing a modern philosophy of “individualized teaching,” the tutoring team assists students in precisely selecting subjects aligned with their personality traits and academic strengths (such as guiding suitable students to pivot from DSE to IAL tracks where they can better leverage their core academic capabilities). Over the past few years, the institution has successfully guided numerous cross-border and local students through their academic transition periods, securing placements at top global institutions across the UK, the US, and Hong Kong.

Cultivating Critical Thinking in the AI Era: “Learning Supplement” Rather Than “Replacement”

Global education frameworks are undergoing a paradigm shift, and the rise of AI technology has introduced parental anxiety regarding future academic majors and career landscapes. Addressing these concerns, Mr. Terry Lo, the Founder and Director of For You Education, stated:

“In the AI era, the core assessment metrics of international examinations like the IB program are shifting away from pure knowledge transmission toward ‘critical thinking’ and ‘knowledge application’. While consolidating our foundation in traditional academic tutoring, For You Education actively guides students on how to properly leverage advanced AI tools to assist their preparation and enhance learning efficiency. However, AI can never replace a tutor’s emotional care, the discovery of a student’s unique potential, or intellectual mentorship. We believe that learning to master AI tools to boost personal productivity is vital today, and we look forward to exploring this boundary alongside our students. We aim to utilize technological advantages to shorten students’ adaptation phases while maintaining close communication with parents who care about educational cost-effectiveness, ensuring children steadily build adaptability and competitiveness along their admissions journey.”

To assist parents in staying up to date with the latest trends in international education, the new Fo Tan campus of For You Education is now open for consultations. Parents are welcome to visit in person or browse online for successful case studies and academic consulting (admissions advice) assessment services, tailoring the optimal breakthrough path for their children’s inclusive education.

Hashtag: #foryoueducation #education #TTPS #internationaleducation

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For You Education

Founded in 2013, For You Education is a premier, highly experienced subject-specialist tutoring institution in Hong Kong. For years, the Center has championed an “efficient learning model” to deliver high-quality educational services to students from prestigious local and international schools across Hong Kong. Classes are conducted primarily through one-on-one and high-efficiency small-group formats to address the personalized learning needs of each student.

In addition to local school curriculum support, For You Education specializes in international examinations, including the International Baccalaureate (IB), International General Certificate of Secondary Education (IGCSE/GCSE), GCE A-Level, and SAT. It uniquely provides core academic guidance for Internal Assessments (IA), Extended Essays (EE), Theory of Knowledge (TOK), and Individual Oral Commentaries (IOC). For You Education currently operates three major campuses across Hong Kong: the Hong Kong Island Main Campus (Causeway Bay), the Kowloon Branch (Yau Ma Tei), and the newly completed Fo Tan Branch, establishing a comprehensive bridge to global educational excellence.

Official Website: https://www.foryouedu.com.hk

The shares changed hands through block deals on the National Stock Exchange, with the transaction executed at ₹1,730 a share. The deal involved about 44.9 lakh shares, with private equity investor ChrysCapital, through its affiliate Sepia Investments, and Anchor Partners selling part of their holdings. ADIA bought 39,130 shares, while other buyers included Aberdeen Group, Factory Mutual Insurance Company, HDFC Mutual Fund, Kotak Mahindra Mutual Fund, Ashoka WhiteOak and other funds.

Corona Remedies’ shares rose nearly 3 per cent after the transaction, trading around ₹1,840 on the NSE, as the market read the entry of large domestic and overseas institutions as a vote of confidence in the company’s branded formulations business. The block deal valued the stake at a premium to the company’s public issue price band of ₹1,008-₹1,062 a share in December 2025, underlining the strong post-listing performance of the stock.

Sepia Investments sold 43.28 lakh shares, equal to about 7.07 per cent of Corona Remedies’ equity, for around ₹748.9 crore. Anchor Partners offloaded 1.61 lakh shares, or 0.26 per cent, for about ₹28 crore. Sepia’s stake fell to 12.69 per cent from 19.76 per cent after the sale, while the wider ownership base brought more institutional depth to the company’s shareholder register.

The transaction is also a partial exit for early financial investors who backed Corona Remedies before its public listing. For buyers, the attraction lies in a domestic formulations franchise with established brands across women’s healthcare, cardio-diabeto, pain management, urology and other therapeutic categories. The company has positioned itself in segments with higher repeat prescription potential and relatively stronger pricing resilience than low-margin commodity generics.

Corona Remedies reported revenue growth of about 17 per cent in the financial year ended March 2026, while profit after tax rose about 33 per cent. Its full-year revenue crossed ₹1,400 crore, supported by growth in chronic and sub-chronic therapies, brand-led marketing and wider distribution. The company’s earlier public offer was entirely an offer for sale, meaning the proceeds went to existing shareholders rather than to the company.

The drugmaker was ranked among the top 30 pharmaceutical companies in the domestic pharmaceutical market by sales before its listing. Women’s healthcare is one of its strongest verticals, followed by cardio-diabeto, pain management and urology. Its brand portfolio includes products targeted at specialist doctors, a strategy that has helped it command higher prescription visibility in selected therapies.

The stake purchase comes at a time when pharmaceutical companies with strong domestic franchises are drawing investor interest. Companies focused on branded formulations have benefited from rising healthcare consumption, deeper insurance penetration, higher diagnosis rates for chronic conditions and stronger prescription volumes in urban and semi-urban markets. The domestic pharmaceutical market has also been less exposed to some of the pricing and regulatory volatility faced by export-heavy generic drugmakers.

ADIA’s participation fits a broader pattern of Gulf sovereign capital seeking exposure to healthcare, pharmaceuticals, financial services, infrastructure and consumer platforms across growth markets. The Abu Dhabi fund has built a diversified global portfolio and has been active in private equity, listed equities, real estate and alternatives. Its entry into Corona Remedies, though modest in percentage terms, adds to institutional interest in healthcare businesses with predictable cash flows and long-term demand visibility.

For Corona Remedies, the deal improves public float quality and may support market liquidity. Greater institutional ownership can also bring closer scrutiny of margins, product concentration, compliance, capital allocation and future acquisition strategy. The company’s next phase will be measured against its ability to maintain growth while protecting profitability in a market where promotional expenses, field-force productivity and doctor engagement remain critical.

The transaction also highlights how block deals have become an important route for private equity funds to monetise stakes after listings. Rather than waiting for gradual market sales, large shareholders can exit or pare exposure through negotiated exchange transactions that allow institutional buyers to acquire sizeable positions in a single trading window. Such deals can reduce overhang when executed cleanly, though they also put focus on valuation sustainability after the initial market response.

Over the past nine years, Chinese Restaurant has traveled across multiple countries and regions, including Thailand, France, Italy, and Hungary. Looking back on its journey of cultural exchange, the program launched a dedicated Chinese food truck in France, allowing local residents and visitors to conveniently experience authentic Chinese flavors. In Hungary, food served as a unique language that fostered deeper intercultural understanding. During the 50th anniversary of diplomatic relations between China and Italy, the program actively responded to the Belt and Road Initiative, using cultural interaction and culinary exchange to strengthen friendship between the two nations.

Now, standing at the threshold of its second decade, Chinese Restaurant: Nanyang Memories Season returns to Thailand, drawing upon the longstanding cultural, tourism, and people-to-people ties between China and Thailand. Through food and storytelling, the program once again brings Chinese culture to life on Southeast Asian soil.

The new season introduces an innovative business model inspired by traditional Chinese agricultural wisdom, creating a distinctive experience that combines pastoral ecology with the aesthetics of contemporary Chinese dining. New service concepts, including the “Chef’s Table” and “Chef at Home,” offer guests diverse culinary experiences while naturally integrating Chinese cuisine into everyday local life.

For ten years, Chinese Restaurant has remained committed to its original vision: telling authentic and heartfelt Chinese stories while showcasing the unique appeal of Chinese cuisine to global audiences. Through food, the program has helped narrow cultural distances, deepen international understanding, and highlight the confidence, vitality, and inclusiveness of Chinese culture.

The premiere episode of Chinese Restaurant: Nanyang Memories Season coincides with the Dragon Boat Festival, as the seven partners begin a brand-new entrepreneurial adventure in Chiang Mai, Thailand. From unexpected operational challenges and cultural differences to the dynamic interactions among team members with diverse personalities, the journey promises a wealth of memorable moments and compelling stories for viewers.

Over the years, the Chinese Restaurant franchise has consistently used authentic Chinese cuisine as a bridge connecting people across cultures. Every dish reflects the traditions and warmth of Chinese daily life, while every shared meal conveys the spirit and values of Eastern culture. Set against real-world international backdrops, the program vividly presents the depth and richness of Chinese civilization.

Today, Chinese Restaurant is far more than a culinary reality show. It has become a platform for cultural dialogue, mutual understanding, and friendship between China and the world. Through the universal language of food, the program continues to bring people closer together, allowing Chinese flavors and Chinese stories to resonate across borders and leave a lasting impression on audiences worldwide.

Hashtag: #MGTV

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