Chinese Tea Chain's US Shares Rise 43% as IPO Defies Volatility
Shares of Chagee Holdings Ltd. climbed as much as 43% in their debut session after the Chinese tea chain raised $411 million in its US initial public offering, defying a market besieged by trade-war volatility.
The Shanghai-based company's American depositary shares were trading at $36.01 each as of 11:49 a.m. on Thursday, versus the IPO price of $28 apiece. Chagee priced 14.7 million ADS at the top end of their marketed range.
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Yahoo
2 hours ago
- Yahoo
YCYW and HKPRI Successfully Co-host the HKDSE Policy Research Report Launch and Forum
SHANGHAI, June 28, 2025 /PRNewswire/ -- Today, Yew Chung Yew Wah (YCYW) Education Network and the Hong Kong Policy Research Institute (HKPRI) co-hosted "Understanding the Past, Building the Future Together: The Hong Kong Diploma of Secondary Education (HKDSE) Policy Research Report Launch and Forum" at the Hongqiao Campus of Yew Chung International School of Shanghai (YCIS Shanghai) Puxi. The event brought together leading education experts, scholars, and practitioners to explore the latest policy developments and future prospects of the HKDSE. The HKDSE is a pivotal academic system in Hong Kong SAR. It provides local Hong Kong students with an authoritative certification for further education and career development. Because of its international curriculum and widespread recognition, HKDSE also serves as a connection to global higher education. An objective, systematic, and comprehensive academic study of HKDSE policies is particularly important because of the diverse interpretations of the HKDSE and the increasing interest in the HKDSE within the Chinese mainland and international education markets in recent years. Mr Jiang Li, Director of Hong Kong and Macao Affairs Division, United Front Work Department of CPC Shanghai Municipal Committee; and Ms Liu Liping, Deputy Minister of the United Front Work Department of Changning District, attended the event. YCIS Shanghai is YCYW's first school in the Chinese mainland, as well as the first independent international school in Shanghai to have been accredited by the Chinese Government. For decades, YCYW's commitment to providing families in the Chinese mainland with quality international education has received strong support from Government Departments. In her welcoming speech, Dr Betty Chan Po-king, YCYW Chief Executive Officer and School Supervisor, remarked: "YCYW has remained steadfast to our founding mission of 'Honouring China', and striving to be a trailblazer in international education in China. Our unique identity—globally minded yet deeply local, and infused with Chinese values—aligns with the curriculum philosophy of the HKDSE. Through our bilingual learning community and holistic education approach, we will deliver an HKDSE experience that meets Hong Kong SAR's standards." In response to the diverse market interpretations of the HKDSE, Dr Chan called for "Understanding the Past" by leveraging the research of Hong Kong SAR's think tank. This would promote constructive discussions empowering students to seize international opportunities for further education, "Building the Future Together", and would ultimately advance Chinese education globally. The Research Report on the Current Status and Development Trends of HKDSE, (thereafter referred to as "The Report") was jointly released by: Mr Jiang Li, Director; Ms Liu Liping, Deputy Minister; Dr Betty Chan Po-king; Mr Li Nai You, Director & CEO of HKPRI; Mr Li Weiping, Secretary General of the International Education Association Shanghai; Mr Yao Heng, President of the Shanghai Hong Kong Association; and Ms Chen Baojin, Vice President of the Hong Kong Chamber of Commerce in Shanghai, at the launch ceremony. The Report was compiled by the HKPRI. The HKPRI was established in 1995 by Professor Paul Yip Kwok-wah, a renowned patriot and consultant to the former Chief Executive of Hong Kong SAR. The HKPRI is a leading non-profit, independent think tank in Hong Kong SAR, dedicated to promoting the successful implementation of "One Country, Two Systems", "Hong Kong people administering Hong Kong", and "patriots administering Hong Kong" through public policy research. Ms Jamie Hu, Researcher at the HKPRI, highlighted key aspects of The Report: This Report maintains an objective and neutral stance, adopting a humanistic and developmental approach. Based on empirical research data and policy, The Report provides an academic analysis of the implementation of the "Learning, Examination, Assessment, and Admission" process of the HKDSE. It further explores the challenges and opportunities for HKDSE's future development, thus offering education professionals and parents objective reference for policy analysis. Mr Yeung Teng, Founder of Zaidao Education Technology (Hong Kong) Limited & DSEonline, and President of HKUST (Hong Kong University of Science and Technology) Guangzhou Alumni Association, provided three strategic guidelines for HKDSE candidates, to align with HKEAA (Hong Kong Examinations and Assessment Authority) assessment design and JUPAS (Joint University Programmes Admissions System) admissions logic. He advises students to begin with the end in mind; develop a structured framework for examination preparation; and prioritise a scientific approach to their studies. Mr Rick Cao, Authoritative Advisor of YCYW HKDSE Programme, and GBA University Resource Centre Consultant at Hok Yau Club, emphasised the following in his presentation: The HKDSE has established a three-track pathway for higher education—Hong Kong SAR, the Chinese mainland, and overseas. HKDSE is recognised by thousands of global higher education institutions and by 145 Chinese mainland universities participating in the "Scheme for Admission of Hong Kong Students to Mainland Higher Education Institutions". On the basis of its integration of Chinese and Western educational philosophies, YCYW can holistically strengthen its students' competitiveness for further studies. Mr Richard Zhang, Regional Executive Principal of YCYW, and Former Head of the Institute of Leadership and Education Advanced Development (ILEAD) of the Academy of Future Education of Xi'an Jiaotong-Liverpool University, delivered a keynote address titled "HKDSE Curriculum from a Cultural Embeddedness Perspective". He noted: As a paradigm of non-Western international curriculum rooted in Chinese culture, the HKDSE provides an Eastern approach to global education. This approach is characterised by cultural adaptability and academic rigour, and achieved through its integration of cultural identity and pedagogical science. As a Hong Kong SAR-based educational institution with more than 90 years of experience integrating the best of Chinese and Western educational philosophies, YCYW remains committed to meeting the diverse needs of our students for further education. The co-hosted launch of The Report exemplifies the integration of our extensive teaching practice with the think tank's specialised research, thereby providing strong support for the development of HKDSE. Furthermore, in the 2025-2026 academic year, YCYW will introduce the HKDSE Programme into existing curricula at YCIS Shanghai, YCIS Beijing, YWIES Guangzhou, and YWIES Zhejiang Tongxiang, creating expanded global pathways for our students to excel in future competitions. The event also featured parallel sessions where YCYW's HKDSE specialists provided university admissions counselling and HKDSE mock examination on English Language (Speaking). Two outstanding HKDSE graduates also drew on their personal experiences to share insights into how their preparation approaches differed from those used for the Gaokao (China's National College Entrance Examination) and HKDSE examination. Building on The Report from the HKPRI, YCYW will collaborate with peers in the education sector to combine professional analysis with empirical case studies. This joint effort will empower students and parents to clarify pathways for further education, develop optimal educational plans, and secure admission to world-leading universities. Please click here to download the Research Report on the Current Status and Development Trends of HKDSE (in Chinese only). About Yew Chung Yew Wah Education Network An education pioneer with deep roots in Hong Kong SAR, Yew Chung Yew Wah (YCYW) Education Network has a unique educational pedigree that combines the best of Chinese and Western cultures with a mission to raise competent, compassionate, globally aware leaders who strive for a better world. Visionary educator Madam Tsang Chor-hang founded the first Yew Chung school in Hong Kong, China in 1932. In the 1970s, Dr Betty Chan Po-king picked up her mantle to provide high-quality bilingual education. In the 1990s, Yew Chung was invited to Shanghai and Beijing to open schools for expatriate communities in the Chinese mainland. Madam Tsang was ably succeeded by her daughter Dr Betty Chan Po-king, who, along with her husband Professor Paul Yip Kwok-wah, later founded the YCYW Education Network to prepare Chinese and expatriate students to make lifelong contributions on the international stage. With nearly a century of dedication to education, the YCYW Education Network now offers a complete track from early childhood to tertiary education. The book, The Yew Chung Approach to Early Childhood Education: Centering Emergent Curriculum, Child-Led Inquiry, and Multilingualism, encapsulates the experience and wisdom of YCYW's early childhood education, as represented by the 12 Values. The Yew Chung Approach offers a unique and pioneering perspective in the field of education. It combines traditional Chinese Confucianism with the Western progressive education theory represented by John Dewey, and emphasises providing learners with a learning environment inclusive of both Chinese and Western cultures. The approach has established the foundation for the innovative development of early childhood education in the 21st century. YCYW has an extensive network of schools, including Yew Chung International Schools, the Yew Chung College of Early Childhood Education, Yew Wah International Education Schools, Yew Wah School, Yew Wah International Education Kindergartens, Yew Wah Infant and Toddler Education Centres, and the Yew Wah Infant and Toddler Discovery Centres. YCYW schools are located in eight cities of China—Hong Kong SAR, Beijing, Shanghai, Guangzhou, Chongqing, Qingdao, Yantai, Zhejiang Tongxiang—as well as in Silicon Valley in the US, and Somerset in the UK. YCYW provides quality education and growth opportunities to more than 12,000 students and teachers worldwide each year. View original content to download multimedia: SOURCE YCYW Education Network 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
2 hours ago
US, China announce a trade agreement — again. Here's what it means
WASHINGTON -- The United States and China have reached an agreement — again — to deescalate trade tensions. But details are scarce, and the latest pact leaves major issues between the world's two biggest economies unresolved. President Donald Trump said late Thursday that a deal with China had been signed "the other day.'' China's Commerce Ministry confirmed Friday that some type of arrangement had been reached but offered few details about it. Sudden shifts and a lack of clarity have been hallmarks of Trump's trade policy since he returned to the White House determined to overturn a global trading system that he says is unfair to the United States and its workers. He's been engaged for months in a battle with China that has mostly revealed how much pain the two countries can inflict on each other. And he's racing against a July 8 deadline to reach deals with other major U.S. trading partners. The uncertainty over his dealmaking and the cost of the tariffs, which are paid by U.S. importers and usually passed on to consumers, have raised worries about the outlook for the U.S. economy. And although analysts welcomed the apparent easing of tensions with China, they also warned that the issues dividing Washington and Beijing are unlikely to be resolved anytime soon. U.S. Treasury Secretary Scott Bessent said Friday that the Chinese had agreed to make it easier for American firms to acquire Chinese magnets and rare earth minerals critical for manufacturing and microchip production. Beijing had slowed exports of the materials amid a bitter trade dispute with the Trump administration. Without explicitly mentioning U.S. access to rare earths, the Chinese Commerce Ministry said that 'China will, in accordance with the law, review and approve eligible export applications for controlled items. In turn, the United States will lift a series of restrictive measures it had imposed on China.'' The Chinese have complained about U.S. controls on exports of advanced U.S. technology to China. But the ministry statement did not specifically say whether the United States planned to ease or lift those controls. In his interview on Fox Business Network's 'Mornings with Maria,' Bessent mentioned that the United States had earlier imposed 'countermeasures'' against China and 'had held back some vital supplies for them.'' "What we're seeing here is a de-escalation under President Trump's leadership,'' Bessent said, without spelling out what concessions the United States had made or whether they involved America's export controls. Jeff Moon, a trade official in the Obama administration who now runs the China Moon Strategies consultancy, wondered why Trump hadn't disclosed details of the agreement two days after it had been reached. 'Silence regarding the terms suggests that there is less substance to the deal than the Trump Administration implies,″ said Moon, who also served as a diplomat in China. The agreement that emerged Thursday and Friday builds on a "framework'' that Trump announced June 11 after two days of high-level U.S.-China talks in London. Then, he announced, China had agreed to ease restrictions on rare earths. In return, the United States said it would stop seeking to revoke the visas of Chinese students on U.S. college campuses. And last month, after another meeting in Geneva, the two countries had agreed to dramatically reduce massive taxes they'd slapped on each other's products, which had reached as high as 145% against China and 125% against the U.S. Those triple-digit tariffs threatened to effectively end trade between the United States and China and caused a frightening sell-off in financial markets. In Geneva, the two countries agreed to back off and keep talking: America's tariffs went back down to a still-high 30% and China's to 10%. That led to the talks in London earlier this month and to this week's announcement. If nothing else, the two countries are trying to ratchet down tensions after demonstrating how much they can hurt each other. 'The U.S. and China appear to be easing the chokeholds they had on each other's economies through export controls on computer chips and rare earth minerals, respectively,' said Eswar Prasad, professor of trade policy at Cornell University. "This is a positive step but a far cry from signaling prospects of a substantial de-escalation of tariffs and other trade hostilities.'' Trump launched a trade war with China in his first term, imposing tariffs on most Chinese goods in a dispute over China's attempts to supplant U.S. technological supremacy. Trump's trade team charged that China was unfairly subsidizing its own tech companies, forcing U.S. and other foreign companies to hand over sensitive technology in exchange for access to the Chinese market and even engaging outright theft of trade secrets. The squabbling and negotiating of the past few months appear to have done little to resolve Washington's complaints about unfair Chinese trade practices and America's massive trade deficit with China, which came to $262 billion last year. This week's agreement 'includes absolutely nothing related to the U.S.'s concerns regarding China's trade surplus or non-market behavior,'' said Scott Kennedy of the Center for Strategic and International Studies. 'If the two sides can implement these elements of the ceasefire, then they could begin negotiations on issues which generated the initial escalation in tensions in the first place.'' Since returning to the White House in January, Trump has made aggressive use of tariffs. In addition to his levies on China, he has imposed "baseline'' 10% taxes on imports from every country in the world . And he's announced even higher taxes — so-called reciprocal tariffs ranging from 11% to 50% — on countries with which the United States runs a trade deficit. But after financial markets sank on fears of massive disruption to world trade, Trump suspended the reciprocal levies for 90 days to give countries a chance to negotiate reductions in their barriers to U.S. exports. That pause lasts until July 8. On Friday, Bessent told Fox Business Network that the talks could extend beyond the deadline and be 'wrapped up by Labor Day'' Sept. 1 with 10 to 12 of America's most important trading partners. Trump further played down the July 8 deadline at a White House press conference Friday by noting that negotiations are ongoing but that 'we have 200 countries, you could say 200 countries-plus. You can't do that.' Instead of new trade deals, Trump said his administration would in coming days or weeks send out a letter where 'we're just gonna tell them what they have to pay to do business in the United States.'' Separately, Trump took sudden aim at Canada Friday, saying on social media that he's immediately suspending trade talks with that country over its plan to impose a tax on technology firms next Monday. Trump called Canada's digital services tax 'a direct and blatant attack on our country.' The digital services tax will hit companies like Amazon, Google, Meta, Uber and Airbnb with a 3% levy on revenue from Canadian users. It will apply retroactively, leaving U.S. companies with a $2 billion bill due at the end of the month.
Time Business News
2 hours ago
- Time Business News
Trump's New 2025 Policies Shaping the Future of USA
As President Trump's second term begins, the focus has shifted to Trump's new policies 2025, which aim to reshape several key areas of the American system. These include immigration, the economy, healthcare, and foreign affairs. This article covers factual highlights of new policies 2025 in USA, offering insight into how they may impact the average American and the broader global landscape. This update is brought to you by Words Craze at Wordscraze. One of the first changes implemented in Trump's new policies 2025 relates to immigration. The administration has reinstated strict border enforcement and limited the number of work visas available annually. This approach follows the 'America First' principle seen in his previous term. Under the new plan: Asylum applications now face shorter deadlines and stricter criteria. now face shorter deadlines and stricter criteria. Deportation procedures have been streamlined, increasing processing efficiency. procedures have been streamlined, increasing processing efficiency. Funding has been redirected toward expanding border surveillance technology. Supporters claim this will protect American jobs, while critics argue it may negatively affect industries reliant on migrant labor. In 2025, President Trump's economic focus is centered on domestic manufacturing and reducing dependency on imports. A new tax incentive program has been rolled out to encourage companies to bring manufacturing back to the USA. Key economic measures include: Corporate tax relief for U.S.-based manufacturers. for U.S.-based manufacturers. Tariffs on select imported electronics and steel products. Subsidies for American energy production, especially oil and coal. By refocusing trade strategy, the administration hopes to boost job creation and narrow the trade deficit. While this might increase consumer costs, Trump's team believes long-term gains will offset short-term price hikes. Among the most debated topics in new policies in 2025 is healthcare reform. Trump's administration has announced a rollback of some Affordable Care Act (ACA) mandates, promising to reduce insurance costs and promote competition. The policy includes: Ending mandatory coverage penalties. Expansion of healthcare savings accounts. Allowing insurance sales across state lines. While details are still emerging, the administration argues that these changes will increase personal choice and reduce government oversight. Trump's 2025 education policy puts a strong emphasis on school choice and vocational training. Public funding is being redirected toward charter schools and online learning platforms. Major updates: School vouchers for low-income families. Expanded funding for trade and technical schools. Removal of several federal oversight mandates on local districts. This change aims to give families more control over educational decisions and prepare youth for direct entry into the workforce. Another major component of Trump's new policies 2025 is a return to traditional energy priorities. The administration has withdrawn from several international climate commitments and instead focused on expanding fossil fuel production. Energy policy in detail: Permits fast-tracked for oil and natural gas drilling. Investment in clean coal technologies. Rollback of environmental regulations to boost industrial productivity. While this move has faced criticism from environmental groups, supporters argue it will lead to energy independence and economic growth. In terms of foreign relations, President Trump's 2025 strategy is aligned with strengthening U.S. military power and reassessing global alliances. Major defense updates include: A proposed 15% increase in the defense budget. Reduced foreign aid to countries deemed non-aligned with U.S. interests. A stronger stance on trade with China and a re-evaluation of NATO commitments. This approach continues Trump's prior strategy of 'Peace Through Strength', aiming to maintain America's position as a global leader. The administration is also moving toward tighter regulations around tech companies and internet content words craze moderation. These digital initiatives are part of a broader national security strategy. Key points: Stricter rules for foreign-owned tech platforms operating in the USA. New federal regulations to combat online misinformation. Encouraging tech companies to build data centers within U.S. borders. These actions aim to enhance data protection and reduce foreign influence in digital spaces. The reaction to Trump's new policies 2025 is divided. Supporters argue that the president is delivering on campaign promises with decisive action. They believe his policies will strengthen the country internally and externally. Critics, however, warn that rollback of regulations and foreign aid cuts may lead to long-term instability and weakened global partnerships. Surveys show that new policies in 2025 have generated strong support in rural and manufacturing-heavy regions of the USA, while facing resistance in coastal and urban centers. The 2025 political landscape under President Trump's leadership is one of change, certainty, and strong national interest. These new policies 2025 in USA reflect a consistent theme of self-reliance and reshaping international engagement on U.S. terms. Whether one supports or opposes these moves, it is clear that Trump's influence continues to redefine the course of American governance. TIME BUSINESS NEWS
