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Japanese PM steps down to “ take responsibility” for funding scandal - unexpected, as was Thai court’s disqualification of Thailand’s PM Srettha, it’s a bad day for Asian PMs asia.nikkei.com/Politics/Japan…

Why we need professional journalists: JD Vance rep tells @wsj about Anna Kilgore, a Springfield OH woman whose cat went missing in August, so Kris Maher drives to her house. She found the cat in her basement and apologized to her Haitian neighbors.

Geely-controlled Saxo Bank to wind up Hong Kong & Shanghai offices Pak Yiu Echo Wong asia.nikkei.com/Business/Finan…

The Big Four v the "local big six": Echo Wong examines the changing competitive dynamics for accounting firms in China following the crisis at PwC asia.nikkei.com/Business/Busin… via Nikkei Asia

Inside China's data-driven hunt for taxes on overseas gains with Echo Wong asia.nikkei.com/Business/Marke… via Nikkei Asia

Growth of flock of wealthy Chinese living in Japan lures Noah Holdings to create tailored wealth management offerings, CEO tells Echo Wong asia.nikkei.com/Business/Marke…

U.S. Treasury warns Hong Kong banks on Russia ahead of Trump's return asia.nikkei.com/Business/Finan… via Nikkei Asia

Several US dollar funds that focus on China are in negotiations to extend their investment periods bloomberg.com/news/articles/… via Bloomberg Markets Serena Ng

Ontario Teachers’ Pension Plan is planning to shut down its Hong Kong office as it pares its exposure to China bloomberg.com/news/articles/… via Bloomberg Echo Wong cathy chan Layan Odeh ليان عودة

Dartmouth College’s president said proposals to hike endowment taxes threaten the school’s research capabilities and its ability to enroll the best students bloomberg.com/news/articles/… via Bloomberg Politics Echo Wong Diana Li

Nan Fung Trinity, the financial investment and family office arm of Hong Kong conglomerate Nan Fung Group, is planning to set up an office in New York bloomberg.com/news/articles/… Echo Wong

Life insurers in Japan and Taiwan are staring down billions of dollars in paper losses from market turmoil triggered by reactions to Donald Trump’s policies bloomberg.com/news/articles/… Bei Hu Echo Wong + Nao Sano

A US Treasury delegation met with Hong Kong banks to warn them against facilitating Iran oil shipments to China in April, according to people familiar with the matter. bloomberg.com/news/articles/… Echo Wong Denise Wee

Hong Kong’s pension fund managers are sounding the alarm of potential forced selling on their Treasury holdings after a downgrade by Moody’s Ratings of US debt, according to people familiar with the matter bloomberg.com/news/articles/… Greg Ritchie Echo Wong

Document: Xiaohongshu, a TikTok alternative known in the US as Rednote, has surged to a $26B valuation based on recent market transactions via a GSR fund (Echo Wong / Bloomberg) bloomberg.com/news/articles/… techmeme.com/250604/p46#a25… x.com/Techmeme/statu…

Some Hong Kong user migrating to eMPF for the $166 billion pension system have experienced glitches, raising concerns over the platform’s reliability as the service enters a key phase of adding users bloomberg.com/news/articles/… Shawna Kwan Echo Wong

A venture capital fund backed by Fidelity Investments’ billionaire Johnson family plans to unload its Chinese technology holdings amid heightened tensions between Beijing and Washington bloomberg.com/news/articles/… scoop by Echo Wong

Hong Kong’s pension fund managers have formed a preliminary plan to sell down their Treasury holdings within as soon as three months if the US loses its last recognized top credit rating, according to people familiar with the matter. bloomberg.com/news/articles/…

The Hong Kong Jockey Club is divesting as much as $1 billion in funds held with Blackstone and other buyout firms bloomberg.com/news/articles/… Echo Wong

China’s largest venture capital houses are tapping the market for at least $2 billion in new funds, re-engaging with the country’s startups in a signal of renewed global investor interest in areas from AI to toys. bloomberg.com/news/articles/… Zheping Huang Echo Wong