BYD Company Limited

Sony Group Corporation

Sony has successfully spun off its finance business, setting an example of restructuring large Japanese conglomerates. Shares of the spun-off company jumped by more than a third. Alibaba emerged as a growth leader in Hong Kong thanks to its bet on cloud services and partnership with Nvidia. Chinese automaker BYD lowered its sales forecasts but is betting on expansion outside mainland China. The head of the U.S. regulator promised to accelerate the abandonment of quarterly business reports. About these and other topics - in our review of key events for the morning of September 29.

Trump has proposed exempting companies from reporting every quarter. What are the risks and benefits?

Circle Internet Group

The value of all crypto-assets <a href="https://www.bloomberg.com/news/articles/2025-07-18/crypto-market-cap-tops-4-trillion-as-us-stablecoin-bill-passes?srnd=homepage-europe">crossed</a> $4 trillion dollars. Of that, 60% ($2.4 trillion) is accounted for by bitcoin. Arbat Capital Advisory Services Limited (UK) analyst Alexei Golubovich and Arbat Capital analyst Denis Chigarev believe that the GENIUS Act, passed in July in the U.S., is not only about stablecoins, but also about how to help the U.S. economy and increase the attraction of money into U.S. Treasuries;

#SEC: 3

Top stories for the morning: Sony Financial's IPO soars, SEC head on canceling quarterly reports

Trump has proposed exempting companies from reporting every quarter. What are the risks and benefits?

How the new "Genius Law" on Stablecoins is leading to the creation of a shadow money supply