China Signals Continued Stimulus With Elevated Deficits in 2026
China will maintain elevated budget deficits and government debt levels in 2026 as part of a broader strategy to sustain stimulus and keep public spending on an upward trajectory, Caixin reported, citing Vice Finance Minister Liao Min.
Arab Energy Fund Plans Rare Panda Bond Sales Up to $1.4 Billion
The Arab Energy Fund has received regulatory approval in China to raise up to CNY 10 billion (USD 1.4 billion) through yuan‑denominated bonds, paving the way for what could be among the largest panda bond programs from the Middle East, Bloomberg reported.
New World Seeks Asset Sale by June to Create Positive Cash Flow
New World Development is racing to offload at least one asset by the end of June to meet its self‑imposed HKD 27 billion (USD 3.5 billion) sales target and generate positive cash flow, Bloomberg reported. The company told some investors in recent meetings that it’s pushing to achieve positive cash flow for the fiscal year ending June, fast‑tracking asset disposals to fill a multibillion‑dollar gap in the goal.
Malaysian High Court Approves Capital A’s MYR 5.51 Billion Capital Reduction
Capital A has received approval from the Malaysian High Court for a capital reduction of MYR 5.51 billion (USD 1.4 billion) under the group’s regularization plan towards lifting its Practice Note 17 status, The Edge reported. The group said the court approval follows the completion of the disposal of Capital A’s aviation business, AirAsia Bhd and AirAsia Aviation Group, to AirAsia X Bhd earlier this month.
Singapore’s UOB to Build Vietnam Headquarters
Singapore’s United Overseas Bank is set to become the first foreign lender to build its Vietnam headquarters at the International Financial Center in Ho Chi Minh City, VnExpress reported.