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Real-time News
The Communications Authority (CA) of the Hong Kong Special Administrative Region (HKSAR) today (October 27) launched the Unmanned Aircraft System (UAS) (UAV) (UAV) Licence to support the development of the low-altitude economy. A CA spokesperson stated that under the UAV (Dedicated) Licence, licensees can be assigned dedicated spectrum in the 1430–1444 MHz band (1.4 GHz band) for the installation, maintenance, and operation of radiocommunication equipment used to operate UAVs. This provides an additional communication solution for drone activities, in addition to the current wireless local area network (WLAN) and fourth-generation or fifth-generation mobile communication networks for data transmission and operation. This further supports the safe and efficient operation of drones and fully supports the development of the low-altitude economy ecosystem through communication networks. Applications for the UAV (Dedicated) Licence are now open to participating institutions in the low-altitude economy "Regulatory Sandbox" pilot project.On October 27, Lyon published a report stating that the retail turnover of Li Ning (02331.HK)s sales points across the entire platform in the third quarter recorded a mid-single-digit decline year-on-year, with a slowdown in quarterly growth, failing to meet internal targets. By channel, online sales grew by a high single digit year-on-year, outperforming the offline channel, which recorded a high-single-digit decline. Inventory days climbed to 5 to 6 months, and discounts expanded by a low single digit compared to the same period last year. Since October, retail sales and discount pressures have continued to intensify. The bank said that although it maintains Li Nings 2025 fiscal year performance guidance, it believes that Li Ning will face challenges in recovering retail sales and maintaining a stable gross profit margin in the fourth quarter of 2025. Maintain a "hold" rating with a target price of HK$16.Samsung Heavy Industries shares rose 16% to 28,750 won.On October 27th, the Bank of Japan (BOJ) held its first meeting since loose monetary policy advocate Sanae Takaichi became prime minister on Thursday, with the bank widely expected to hold interest rates steady. Of the 50 Bank of Japan (BOJ) observers surveyed, only 10% expected the central bank to raise borrowing costs from 0.5% after the two-day meeting. Last month, over a third expected action at this weeks meeting. Bank of Japan Governor Kazuo Ueda and his committee are searching for the right moment to raise borrowing costs to their highest level since 1995, and Takaichis presence exacerbates their decision-making difficulties. "The BOJ will hold its ground," said Shinichiro Kobayashi, chief economist at Mitsubishi UFJ. "They wont say it explicitly, but because of Takaichi, theyre having to wait and see." What is clear is that market expectations for a rate hike this week are very low, meaning a surprise hike could shock financial markets. Kobayashi noted, "If the BOJ raises rates this time, theres a risk of market volatility."International Energy Agency Executive Director Fatih Birol said that by 2030, global renewable energy installed capacity will fall 1 terawatt short of the target of tripling it.
