Chinese robotaxi IPOs, Toyota earnings, Indonesia's GDP

Your weekly lineup of Asia's biggest business and political events

20251031 WeRide

A WeRide Mini Robobus is displayed during the 29th Guangzhou Fair in Guangzhou on Oct. 27, 2021. The company will debut on the Hong Kong Stock Exchange this week.

Welcome to Your Week in Asia.

Indonesian President Prabowo Subianto recently marked a year in office, and this week the latest gross domestic product data will offer a chance to assess the impact of his populist agenda as well as that of U.S. tariffs.

China has been making a concerted push into robotaxis, with the likes of Pony.ai and WeRide gaining approval to operate in tier one cities such as Beijing and Guangzhou. Those two companies will debut on the Hong Kong Stock Exchange this week as they seek more funding amid intense competition in the sector.

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MONDAY

Hong Kong financial summit

The Hong Kong Monetary Authority will hold its annual financial summit until Wednesday. Chinese Vice Premier He Lifeng is expected to address the main summit on Tuesday. The event is expected to draw financial heavyweights from all over the world.

Data: Vietnam purchasing managers index

TUESDAY

Nikkei Global Management Dialogue

The Global Management Dialogue, a forum organized by Nikkei and Swiss business school IMD, will take place in Tokyo over two days, bringing together business leaders including Foxconn Chairman and CEO Young Liu and Johnson & Johnson Chairman and CEO Joaquin Duato. Speakers will offer their insights into matters such as how to maintain a competitive edge in the artificial intelligence era and how to shape markets.

Grab earnings

Singapore-based Grab, the ride-hailing and food delivery service, is set to announce its financial results for the July-September quarter. Revenue is expected to continue growing, although overall profitability remains low due to strong price competition. The company is expanding its financial services offering payment, lending and insurance products to users. In the second quarter, its loan portfolio grew 78% year on year, and investors are closely watching its trajectory.

Earnings: Marubeni, Mitsubishi Corp., Nintendo

WEDNESDAY

Indonesia GDP

Indonesia releases GDP data for the third quarter. Observers project growth of around 5%, with the government's social support for lower-income households pushing up consumption.

Toyota earnings

Toyota Motor announces its financial results from April to September, with attention focused on how the automaker has been affected by U.S. tariffs.

Shanghai import expo

Shanghai plays host to the annual China International Import Expo (CIIE), featuring German pharmaceutical maker Bayer and American fashion brand Coach among 4,100 companies from 155 countries. Now in its eighth installment, the expo comes as China deepens ties with other trading partners, even as Beijing and Washington have agreed to extend their tariff truce for another year.

Earnings: Itochu, Mitsui & Co., Mitsubishi Motors, SoftBank, Nippon Steel

Data: Singapore retail sales

THURSDAY

Singaporean bank earnings

Singapore's largest banks are due to publish earnings results for the third quarter, with DBS Group Holdings and United Overseas Bank scheduled for Thursday, while Oversea-Chinese Banking Corp. is slated for Friday. The U.S. Federal Reserve, which in the past week cut interest rates again, has increased pressure on the Singaporean financial institutions to squeeze out margins from lending activities.

Chinese robotaxi IPOs in Hong Kong

Chinese robotaxi companies Pony.ai and WeRide make their debut on the Hong Kong Stock Exchange, seeking larger war chests for technological development and commercial growth amid intensifying competition. They will be joined by Ningbo Joyson Electronic, an intelligent auto parts maker, giving a further boost to the bourse, which has led the world in initial public offering fundraising this year.

Monetary policy: Malaysia

Earnings: Suzuki Motor, Nissan Motor

Data: Philippines Jobs; Vietnam trade, inflation and foreign investment

FRIDAY

IPO: Maynilad

Earnings: Mazda Motor, Honda Motor

SATURDAY

Data: China inflation and producer price index

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