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Real-time News
On June 29th, in response to recent rumors of Zhengxin Chickens impending IPO, a representative from Zhengxin Group stated that the group has no concrete IPO plans within the next two years. The representative explained that the group maintains over 1 billion RMB in liquid funds and relies on its own capital for continuous growth, requiring no external financing. Regarding the changes in the number of Zhengxin Chicken stores, the representative clarified that the figure of "25,000 stores at its peak" is inaccurate. The brands peak number of operating stores was 16,000 in 2019; as of June 18, 2026, the number of operating stores nationwide is 12,455, a net decrease of approximately 3,000, which is considered normal industry turnover and proactive optimization. The so-called "25,000 stores" figure confuses the concepts of "contracted stores" and "actually operating stores."The Federation of Automobile Manufacturers of Thailand: Domestic car sales in Thailand rose 10.60% year-on-year in May (compared to a 2.54% increase in April).On June 29th, it was reported that the Japanese government has drawn up an economic blueprint aiming for a real annual growth rate of over 1% and a nominal annual growth rate of over 3% by 2040. This target would be more than double the average growth rate of Japan over the past five years and is one of the most ambitious economic goals Tokyo has set in decades. The draft blueprint also proposes that by fiscal year 2040, cumulative investment by the public and private sectors will exceed 370 trillion yen (approximately US$2.29 trillion), while the annual capital expenditure target for the private sector is approximately 230 trillion yen, and GDP is projected to reach nearly 1100 trillion yen. This signifies Japans intention to break away from the underinvestment pattern that has constrained its economic growth for decades. The blueprint reflects Prime Minister Sanae Takaichis determination to revitalize the economy through strategic public-private partnerships and to invest resources in industries that the government deems crucial to Japans long-term competitiveness. Simultaneously, the government has urged the Bank of Japan to maintain interest rate policies conducive to economic growth. This indicates that the Japanese government prefers to maintain low financing costs and sows the seeds for potential policy friction with the Bank of Japan, which has been cautiously and gradually exiting its ultra-loose monetary policy environment.The Hang Seng Tech Index continued its upward trend in the morning session, rising more than 4% by midday.The Federation of Automobile Manufacturers of Thailand: Thailands automobile production in May increased by 17.94% year-on-year (compared to a decrease of 2.69% in April).
