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HSBC's van der Linde on Stock Market Rally Pause

HSBC's van der Linde on Stock Market Rally Pause

Bloomberga day ago
A record-breaking run in global stocks has lost momentum as a sharp selloff in heavyweight technology shares rippled through markets. HSBC Head of Asia Pacific Equity Strategy Herald der Linde weight if a possible Fed interest cut could spur markets to eventually pick up steam again. (Source: Bloomberg)
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Oilfield Chemicals Market Size to Surpass USD 50.24 Billion by 2034 Driven by Energy Demand and Sustainable Solutions
Oilfield Chemicals Market Size to Surpass USD 50.24 Billion by 2034 Driven by Energy Demand and Sustainable Solutions

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Oilfield Chemicals Market Size to Surpass USD 50.24 Billion by 2034 Driven by Energy Demand and Sustainable Solutions

According to Precedence Research, the global oilfield chemicals market size is projected to surpass USD 50.24 billion by 2034, driven by rising energy demand, shale gas expansion, and sustainable solutions. Ottawa, Aug. 21, 2025 (GLOBE NEWSWIRE) -- The worldwide oilfield chemicals market size was calculated at USD 32.07 billion in 2024 and is predicted to rise from USD 33.42 billion in 2025 to around USD 50.24 billion by 2034, with a CAGR of 4.63% from 2025 to 2034. Oilfield Chemicals Market Key Highlights: In terms of revenue, the global oilfield chemicals market is expected to reach USD 34.86 billion in 2026. It is projected to exceed USD 47.94 billion by 2033. Middle East and Africa accounted for the highest market share of 39.54% in 2024. North America held the second-largest market share of 26.48% in 2024. By product, the biocides modifiers segment contributed the highest market share of 21.45% in 2024. By application, the workover and completion modifiers segment held the major market share of 50.20% in 2024 By application, the production chemicals segment is growing at a solid CAGR of 5% from 2025 to 2034. By location, the onshore segment captured the highest market share of 70.15% in 2024. Note: This report is readily available for immediate delivery. We can review it with you in a meeting to ensure data reliability and quality for Before You Buy – Get the Sample Report@ What are Oilfield Chemicals? Oilfield chemicals are chemical compounds that are specialized in the oil/gas exploration, drilling, and production. They are critical in their functionality in the petroleum activities in terms of enhancing productivity, improving efficiency, and ensuring smooth operations through petroleum activities like drilling, well stimulation, cementing, hydraulic fracturing, and the enhancement of oil recovery. Advancements in technological processes concerned with enhanced oil recovery (EOR) and the necessity of high-performance, inexpensive chemicals also contribute to the growth. Also, the increasing shale gas production, as well as the increased use of eco-friendly and biodegradable chemicals used in oilfields, facilitates market growth. Top 5 Oilfield Chemicals Manufacturers and Suppliers Sr. No. Manufacturers Highlights 1. Nouryon Nouryon focuses on specialty oilfield chemicals with a specialty in high-performance oil, as well as water-based drilling mud formulations. The products are used to address drilling performance enhancement, optimize drilling operations, and wellbore stability under various conditions to aid in oil and gas exploration. 2. Ashland Ashland Global Holdings Inc. It is a company that deals with the supply of various oilfield chemicals in onshore and offshore operational areas. As a company with a high success rate in applied chemistry, Ashland creates suitable solutions that meet the changing demands of the industry, leading to an improvement in the overall performance of the oilfield. 3. BASF SE BASF SE provides a broad range of oilfield specialty chemicals that support the optimization of oil and gas activities. Their products assist service companies to optimize the efficiency of wells, quality of production processes, and satisfy their emerging needs in the ever-changing industry, where they are also dedicated to quality, performance, and value-added operations. 4. Dow Dow manufactures oilfield chemicals, such as chelating agents and scale inhibitors, such as VERSENE, which can be found in drilling, production, and recovery operations. These solutions enhance oil recovery, help in supporting fracturing fluids, acidizing, and scale control operations, thus making the operations more efficient and effective in numerous applications in the oilfield. 5. Chevron Phillips Chemical Company LLC. Chevron Phillips Chemical has a wide portfolio of oilfield chemicals. The joint venture between Chevron and Phillips 66 is an enterprise based in Texas that specializes in providing quality, cleaner energy solutions. Their worldwide manufacturing and research sites come up with goods that can facilitate effective and resource-conservative oilfield operations anywhere in the world. Latest Trends in Oilfield Chemicals Market: Sustainability & Biodegradable Formulations The push for greener operations is driving a rise in environmentally friendly solutions, such as biodegradable corrosion inhibitors, scale inhibitors, and surfactants, designed to minimize ecological impact while maintaining performance. 2. Enhanced Oil Recovery (EOR) Demand With many oilfields maturing, EOR techniques relying on advanced surfactants, polymers, and chemical mixtures are increasingly utilized to extract more from existing reservoirs and extend their productive lives. 3. Digitalization & Smart Chemical Management Oil and gas producers are integrating digital tools such as real-time monitoring, IoT-enabled dosing systems, and data analytics platforms to optimize chemical usage, reduce waste, and enhance overall operational efficiency. 4. Deepwater & Offshore Market Expansion As exploration and production activity shifts into deeper and more challenging offshore environments, demand for high-performance chemicals (like hydrate inhibitors and corrosion-control agents) that can withstand extreme conditions continues to escalate. ➤ Oilfield Chemicals Market Opportunity: Emergence of Advanced Technologies: There are promising opportunities in the oilfield chemicals market due to the breakthrough in the oil field technologies, such as horizontal drilling, oil field fracturing, and the use of enhanced oil recovery (EOR) methods. Moreover, as more oil and gas companies are concentrated on maximizing production rates and recovery factors on the existing wells and reservoirs, the need for advanced production chemicals will keep increasing. Also, there is an increasing uptake of more environmentally friendly and biodegradable oilfield chemicals to comply with regulatory laws and sustainability targets of the industry. Oilfield Chemicals Market Challenges Stricter Regulations: The changing and tougher chemical regulations put in place by various countries are one of the main limiting factors to the oilfield chemicals market. Compliance with various national regulations involves documentation, testing, and reformation, which proves to be costly in operation and reduces product deployment. Such regulatory complexity has become a significant challenge to manufacturers and suppliers, especially within the context of the costs of finding products and cross-border trade. Scope of Oilfield Chemicals Market Report Attributes Key Statistics Market Size in 2024 USD 32.07 Billion Market Size in 2025 USD 33.42 Billion Market Size in 2031 USD 43.65 Billion Market Size by 2034 USD 50.24 Billion CAGR 2025 to 2034 4.5% Leading Region in 2024 Middle East and Africa Base Year 2024 Forecast Period 2025to 2034 Segments Covered Product, Application, Location and Region Regions Covered North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa Key Players Covered SMC Global, BASF SE, Solvay, BERRYMAN CHEMICAL, Thermax Limited, Oilfield Chemicals, SVS Chemical Corporation LLP, SEATEX LLC, Kemira, Hawkins, Chemiphase, SicagenChem, SAHARA Middle East Petroleum Services, Ltd., and Others. ➡️ Become a valued research partner with us ☎ Oilfield Chemicals Market Key Regional Analysis How Middle East and Africa Dominated the Oilfield Chemicals Market? The Middle East and Africa dominated the oilfield chemicals market in 2024. Saudi Arabia, Iraq, and the UAE are some of the leading oil producers in the world, and their output level always remains high, a factor that necessitates high quantities of oilfield chemicals. The chemicals are essential in maximising the efficiency of the production, ensuring well integrity, and solutions to operational issues such as corrosion, scale, and wax deposition. Investment in strategic projects and technology relationships, and the emphasis on better production rates and lengthening the lifetime of mature fields, also serve to enhance the dominance in the region. Why is North America the Fastest-Growing market in the Oilfield Chemicals Market? North America experiences the fastest growth in the market during the forecast period. Advanced hydraulic fracturing and horizontal drilling have created a drastic increase in shale gas and tight oil production in the region, and especially in the United States. In the U.S., there is also a growth in exploration and production activities in the energy sector, as enabled by government policies and investment by several privately owned enterprises. North America's oilfield operations, due to their innovation and resource endowment, make it the fastest-growing regional market for oilfield chemicals. Oilfield Chemicals Market Segmentation Analysis: Product Analysis: Why did the Biocides Segment Dominate the Oilfield Chemicals Market? The biocides segment dominated the oilfield chemicals market in 2024, owing to the critical functions of such chemicals in preventing certain microbes in the course of drilling, hydraulic fracturing, and production processes. Increased focus on sustainable operations led to the development of eco-friendly, biodegradable formulations of biocides to comply with items requirements in the environment. Further, the development of monitoring/control technologies has made it more appropriate to identify and control microbiological problems more effectively and optimally utilize chemicals. Application Analysis: Which Application Segment Held the Largest Share of the Oilfield Chemicals Market? The workover and completion segment held the largest share in the oilfield chemicals market in 2024. Workover and completion are diverse intervention processes that entail well cleaning, perforating, stimulation, and repairs, among others, which are intended to enhance efficient production and proper functioning of wells. The idea of increasing the lifespan of the mature wells and the maximization of already existing reservoirs strengthens the dominance of this segment. The combination of these factors, together with the advancement in chemical formulations geared to complex interventions. The production chemicals segment experiences the fastest growth in the market during the forecast period, driven by the increase in the desire to maximize the efficiency of oil and gas production. The chemicals used as part of production are also known as production chemicals; they include those used as demulsifiers, corrosion inhibitors, scale inhibitors, and biocides, which are vital in ensuring that there is flow assurance, protection of infrastructure, and minimization of downtimes in the operation. The development of this sector closely relates to growing energy demand across the globe and an increase in both traditional and non-traditional production of oil and gas, especially in shale gas and tight oil plays. Global Oilfield Chemicals Market Size (USD Million) By Application, 2022 to 2024 Application 2022 2023 2024 Drilling Fluid 5,574.9 5,761.5 5,965.6 Production Chemicals 5,990.0 6,254.4 6,542.9 Cementing 3,232.2 3,342.9 3,463.9 Workover & Completion 14,856.4 15,451.2 16,100.8 Location Analysis: How the Onshore Segment Dominates the Oilfield Chemicals Market? The onshore segment dominated the oilfield chemicals market in 2024 because of the large number of new and ongoing onshore oil and gas projects in the world. Onshore activity often needs the use of chemicals like demulsifiers, corrosion inhibitors, and scale removers to guarantee the best oil recovery and productivity of the production. These chemicals have proven beneficial in achieving a quick separation rate in crude oil through the elimination of water, thereby making the downstream water treatment expensive and complicated. The growing world energy demand and the development of new technology in onshore drilling and extraction. Global Oilfield Chemicals Market Size (USD Million) By Location, 2022 to 2024 By Location 2022 2023 2024 Onshore 20,787.1 21,613.2 22,515.4 Offshore 8,866.4 9,196.8 9,557.8 ➡️ Related Topics You May Find Useful: ✚ Specialty Oilfield Chemicals Market See how advanced formulations are enhancing drilling efficiency and sustainability ✚ Oilfield Equipment Market Track investments in rigs, drilling systems, and next-gen extraction technologies ✚ Specialty Chemicals Market Discover how tailored formulations are reshaping industrial performance and innovation ✚ Paraffin Inhibitors Market Understand how wax control solutions are ensuring flow assurance in oilfields ✚ Digital Oilfield Market Explore how IoT, AI, and data analytics are redefining oil and gas operations ✚ Detergent Chemicals Market Analyze shifting consumer preferences for eco-friendly and high-performance cleaning agents ✚ Textile Chemicals Market Gain insight into how sustainability and innovation are transforming fabric processing ✚ Pharmaceutical Chemicals Market See how drug development and biotech growth are fueling chemical demand ✚ Cosmetic Chemicals Market Track rising consumer demand for safe, natural, and functional beauty ingredients ✚ Biosurfactants Market Discover how bio-based alternatives are reshaping the future of surfactants ✚ Basic Chemicals Market Understand the backbone role of bulk chemicals in industrial and consumer sectors ✚ Pine Derived Chemicals Market Explore demand growth for natural resins, adhesives, and sustainable additives ✚ Crop Protection Chemicals Market Analyze how farmers are adopting advanced solutions to boost agricultural yields ✚ Produced Water Treatment Market See how oil and gas operators manage water sustainability and regulatory compliance ✚ Oil and Gas Infrastructure Market Track investments in pipelines, storage, and energy transport networks ✚ Aroma Chemicals Market Discover how fragrances and flavors are driving growth across food, cosmetics, and wellness Oilfield Chemicals Market Leading Companies SMC Global BASF SE Solvay BERRYMAN CHEMICAL Thermax Limited Oilfield Chemicals SVS Chemical Corporation LLP SEATEX LLC Kemira Hawkins Chemiphase SicagenChem SAHARA Middle East Petroleum Services, Ltd. Recent Developments: In July 2025, Versalis Eni was introduced on the stock market, the chemical company that recently transferred to a group company called Versalis Oilfield Solutions S.r.l. The move unifies knowledge, scientific research, and activities related to strategic direction under a single unit, which increases the effectiveness of using time to improve performance and strength in the development and marketing of sophisticated chemical formulas to the oil drilling sector. In March 2024, BASF announced that it was going to increase the capacity of its Basoflux paraffin inhibitors produced at its La Canonja plant. The newly ventured investment will satisfy the growing demand for the advanced paraffin inhibitors in the oil and gas sector globally, hence it will have enhanced supply capabilities and future market growth. In February 2024, Kraton Corporation introduced a new range of bio-based hydrocarbon oils, SYLVASOLV, that provides high performance and environmental advantages. With an industrial focus such as agrochemicals, adhesives, and lubricants, SYLVASOLV fits in with the rising need for sustainability, but at the same time provides the solution of higher functionality to customers with a focus on sustainability in industry. Oilfield Chemicals Market Segments Covered in the Report By Product Demulsifiers Inhibitors Rheology Modifiers Friction Reducers Biocides Surfactants Foamers Others By Application Drilling Fluid Production Chemicals Cementing Workover & Completion By Location Onshore Offshore By Region North America Europe Asia-Pacific Latin America Middle East and Africa Thank you for reading. You can also get individual chapter-wise sections or region-wise report versions, such as Immediate Delivery Available | Buy This Premium Research Report@ You can place an order or ask any questions, please feel free to contact us at sales@ | +1 804 441 9344 Stay Ahead with Precedence Research Subscriptions Unlock exclusive access to powerful market intelligence, real-time data, and forward-looking insights, tailored to your business. From trend tracking to competitive analysis, our subscription plans keep you informed, agile, and ahead of the curve. Browse Our Subscription Plans@ About Us Precedence Research is a worldwide market research and consulting organization. We give an unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defense, among different ventures present globally. Web: Our Trusted Data Partners: Towards Healthcare | Towards Packaging | Towards Automotive | Towards Chem and Materials | Towards FnB | Towards Consumer Goods | Statifacts | Towards EV Solutions | Towards Dental | Nova One Advisor | Market Stats Insight Get Recent News: For the Latest Update Follow Us: LinkedIn | Medium | Facebook | Twitter ✚ Explore More Market Intelligence from Precedence Research: ➡️ Research Department Explosive Market Explore how defense modernization and mining activities are fueling demand ➡️ Composites Market Track innovation in lightweight materials transforming aerospace automotive and construction ➡️ Recycled Polyethylene Terephthalate Market See how sustainability and circular economy trends are driving rPET adoption ➡️ Textile Chemicals Market Understand how eco-friendly formulations are reshaping global fabric processing ➡️ Specialty Chemicals Market Discover how custom solutions are driving growth across multiple industries ➡️ Industrial Coatings Market Gain insights into protective coatings shaping infrastructure and manufacturing durability ➡️ Drilling Fluids Market Analyze how advanced mud systems are enhancing oil and gas drilling performance ➡️ Biomaterials Market Explore how innovations in polymers and metals are revolutionizing medical applications ➡️ Biodegradable Plastic Market Track rising demand for sustainable packaging solutions worldwide ➡️ Powder Coating Market Discover how eco-friendly finishes are boosting growth in automotive and appliances ➡️ Medical Billing Outsourcing Market See how healthcare providers are streamlining operations through outsourcing ➡️ Pressure Vessels Market Understand how energy transition and industrial demand are shaping global growth ➡️ Technical Insulation Market Analyze how efficiency and sustainability are driving demand across industries ➡️ Electric Powertrain Market Track innovation fueling the global shift toward electric mobility ➡️ Organic Electronics Market Discover how flexible and lightweight electronics are redefining consumer tech ➡️ Synthetic Leather Market See how fashion and automotive industries are embracing eco-friendly alternatives ➡️ Digital Health Market Explore how telemedicine AI and IoT are transforming healthcare delivery ➡️ Nitrile Gloves Market Understand how healthcare safety and hygiene awareness are driving global demand ➡️ Metal Fiber Market Track applications in filtration protective clothing and automotive industries ➡️ Industrial Lubricants Market Analyze how manufacturing and energy sectors are shaping lubricant innovations ➡️ Polypropylene Market Discover how packaging automotive and construction are fueling demand growth ➡️ Mixed Reality in Healthcare Market See how AR and VR tools are revolutionizing medical training and patient care ➡️ Paints and Coatings Market Track innovation in decorative and protective coatings across construction and automotive ➡️ Medical Imaging Outsourcing Market Explore how outsourcing is improving diagnostic efficiency and cost-effectiveness ➡️ E-Bike Drive Unit Market Understand how urban mobility and sustainability trends are boosting e-bike adoption ➡️ Biomarkers Market See how precision medicine and diagnostics are driving biomarker innovations ➡️ Clinical Trials Market Analyze how digitalization and global partnerships are reshaping trial operations ➡️ DNA Sequencing Market Discover how genomics and precision healthcare are fueling sequencing adoption ➡️ Cancer Diagnostics Market Explore how AI imaging and biomarker advances are transforming early detection ➡️ Medical Tubing Market Track innovations in biocompatible materials driving growth in medical devicesError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Global Penny Stocks Spotlight: NanJi E-Commerce And Two Other Picks
Global Penny Stocks Spotlight: NanJi E-Commerce And Two Other Picks

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Global Penny Stocks Spotlight: NanJi E-Commerce And Two Other Picks

As global markets react to U.S. inflation data and interest rate cut speculation, investors are keeping a close watch on economic indicators that could influence future monetary policy decisions. In this climate, penny stocks—often smaller or newer companies—remain an intriguing area for those willing to look beyond the well-known names. While the term "penny stocks" might seem outdated, these investments can still offer compelling opportunities when backed by strong financial health and balance sheet resilience. Top 10 Penny Stocks Globally Name Share Price Market Cap Financial Health Rating Cloudpoint Technology Berhad (KLSE:CLOUDPT) MYR0.70 MYR372.12M ★★★★★★ Lever Style (SEHK:1346) HK$1.63 HK$1.01B ★★★★★★ GTN (ASX:GTN) A$0.39 A$75.31M ★★★★★★ TK Group (Holdings) (SEHK:2283) HK$2.61 HK$2.21B ★★★★★★ Angler Gaming (NGM:ANGL) SEK3.60 SEK269.95M ★★★★★★ CNMC Goldmine Holdings (Catalist:5TP) SGD0.625 SGD253.31M ★★★★★☆ Yangzijiang Shipbuilding (Holdings) (SGX:BS6) SGD2.83 SGD11.14B ★★★★★☆ Zetrix AI Berhad (KLSE:ZETRIX) MYR0.875 MYR6.73B ★★★★★☆ Begbies Traynor Group (AIM:BEG) £1.17 £185.96M ★★★★★★ Netgem (ENXTPA:ALNTG) €0.946 €31.9M ★★★★★★ Click here to see the full list of 3,780 stocks from our Global Penny Stocks screener. Here's a peek at a few of the choices from the screener. NanJi E-Commerce Simply Wall St Financial Health Rating: ★★★★★★ Overview: NanJi E-Commerce Co., LTD operates in China, offering brand licensing and comprehensive mobile Internet marketing services, with a market cap of CN¥8.79 billion. Operations: The company generates revenue of CN¥3.37 billion from its operations in China. Market Cap: CN¥8.79B NanJi E-Commerce Co., LTD, with a market cap of CN¥8.79 billion and revenue of CN¥3.37 billion, operates without debt, which is advantageous for financial stability. The company's short-term assets significantly exceed both its short and long-term liabilities, indicating solid liquidity management. However, it remains unprofitable with increasing losses over the past five years and a negative return on equity of -7.18%. Despite this, earnings are forecast to grow substantially at 74.54% annually. Recent amendments to the company's articles suggest strategic shifts while dividends remain inadequately covered by earnings or free cash flows. Click to explore a detailed breakdown of our findings in NanJi E-Commerce's financial health report. Review our growth performance report to gain insights into NanJi E-Commerce's future. Guizhou Xinbang Pharmaceutical Simply Wall St Financial Health Rating: ★★★★★★ Overview: Guizhou Xinbang Pharmaceutical Co., Ltd. is engaged in the research, development, manufacturing, and sale of Chinese herbal medicines and other pharmaceutical products both domestically and internationally, with a market cap of CN¥7.13 billion. Operations: No specific revenue segments have been reported for the company. Market Cap: CN¥7.13B Guizhou Xinbang Pharmaceutical, with a market cap of CN¥7.13 billion, shows financial resilience despite challenges. The company has experienced negative earnings growth over the past year and five years, impacted by a significant one-off loss of CN¥65.5 million. However, it maintains strong liquidity with short-term assets exceeding both short and long-term liabilities and more cash than debt. The management team is seasoned with an average tenure of 10.3 years, although the board lacks experience at 1.9 years on average. Trading below estimated fair value offers potential appeal despite low return on equity and declining profit margins. Navigate through the intricacies of Guizhou Xinbang Pharmaceutical with our comprehensive balance sheet health report here. Understand Guizhou Xinbang Pharmaceutical's track record by examining our performance history report. Dongguan Kingsun OptoelectronicLtd Simply Wall St Financial Health Rating: ★★★★★★ Overview: Dongguan Kingsun Optoelectronic Co., Ltd. manufactures and sells LED lighting products both in China and internationally, with a market cap of CN¥3.37 billion. Operations: The company generates revenue primarily from its Semiconductor Lighting segment, totaling CN¥412.79 million. Market Cap: CN¥3.37B Dongguan Kingsun Optoelectronic Co., Ltd., with a market cap of CN¥3.37 billion, shows financial stability despite being unprofitable. The company benefits from a robust cash position, supporting operations for over three years without additional funding. Short-term assets of CN¥1.4 billion comfortably cover both short and long-term liabilities, indicating strong liquidity management. Although the board is relatively new with an average tenure of 2.2 years, the management team brings experience at 3.2 years on average. Shareholders have not faced significant dilution recently, and the company remains debt-free while reducing losses by 15% annually over five years. Click here and access our complete financial health analysis report to understand the dynamics of Dongguan Kingsun OptoelectronicLtd. Review our historical performance report to gain insights into Dongguan Kingsun OptoelectronicLtd's track record. Make It Happen Jump into our full catalog of 3,780 Global Penny Stocks here. Ready For A Different Approach? Uncover 13 companies that survived and thrived after COVID and have the right ingredients to survive Trump's tariffs. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include SZSE:002127 SZSE:002390 and SZSE:002638. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@

Shanghai stock benchmark closes at decade high as fintech, stablecoin shares surge
Shanghai stock benchmark closes at decade high as fintech, stablecoin shares surge

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Shanghai stock benchmark closes at decade high as fintech, stablecoin shares surge

SHANGHAI (Reuters) -Mainland China stocks advanced on Thursday, with the Shanghai benchmark closing at a decade high level, driven by hefty gains in fintech and stablecoin-concept shares after a Reuters report signalled a major shift in Beijing's stance on digital assets. ** At the close, the Shanghai Composite index was up 0.13% at 3,771.10 points, the loftiest close since August 2015, while the blue-chip CSI300 index gained 0.39%. ** Fintech and stablecoin-concept shares were among the biggest winners in morning deals, after Reuters reported, citing sources, that China is considering allowing the usage of yuan-backed stablecoins for the first time to boost wider adoption of its currency globally. ** China's plan for the usage of stablecoins, if approved, would mark a major shift in its approach towards digital assets. The country banned cryptocurrency trading and mining in 2021 due to concerns about the stability of the financial system. ** The CSI Fintech Theme index advanced 0.78%, while Brilliance Technology Co jumped 12.59% and Tansun Technology Co leapt 4.75%. ** Chinese shares have been rising, supported by easing trade tensions between the world's two largest economies and improved liquidity conditions, and as investors shift out of bonds and into stocks, traders and analysts said. ** James Wang, head of China strategy at UBS Investment Bank research, said rising retail participation could be one of the drivers underpinning the recent stock rally. ** "Retail flows may have been one of the drivers with trading volume up 80% year-on-year on the A-share and margin financing balance outstanding also rising sharply," Wang said. "As retail participation typically increases following stronger performances for the A-shares, it would seem that A-share offers better upside potential." ** In Hong Kong, the benchmark Hang Seng index slipped 0.24% at 25,104.61 points, while the Hang Seng China Enterprises index fell 0.43% to 8,974.77. ** Around the region, MSCI's Asia ex-Japan stock index was firmer by 0.2%, while Japan's Nikkei index closed down 0.65%. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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