Netflix (NFLX.O) shares surged 12%, marking the biggest gain since January 2025.

Former Israeli Defense Minister Galant: The next few weeks will determine the course of the Middle East for decades to come.

1. The People's Bank of China (PBOC) lowered the foreign exchange risk reserve ratio for forward foreign exchange sales to 0. 2. Government bond issuance will accelerate in 2026, with new special-purpose bonds increasing by 60% year-on-year. 3. The RMB exchange rate against the US dollar surged by 600 basis points in the three days following the holiday, leading to increased willingness among some enterprises to settle foreign exchange, but a concentrated settlement did not occur. 4. Foreign central banks' simultaneous net reduction of US Treasury holdings reflects the trend of foreign exchange reserve diversification. 5. Local government bond issuance this year has exceeded 2 trillion yuan, demonstrating the effectiveness of proactive fiscal policies. 6. Pure bond funds experienced frequent large-scale redemptions this week. 7. CITIC Securities' application to publicly issue corporate bonds with a total face value not exceeding 80 billion yuan to professional investors was approved by the China Securities Regulatory Commission (CSRC). 8. CATL's (Contemporary Amperex Technology Co., Limited) first tranche of technology innovation corporate bonds publicly issued to professional investors in 2026 was listed on the Shenzhen Stock Exchange. 9. Shanghai's third batch of special funds for energy conservation and emission reduction and ultra-long-term special treasury bonds for 2026 was released. 10. Anhui: Expanding the scale of special bonds for project construction and accelerating the issuance and use of new special bonds. 11. Ningxia: Completely clearing all outstanding non-standard debt by 2025; the platform reduction ratio since "331" ranks among the top in the country. 12. Two old debt tender offers; Xincheng Development issues US$355 million in bonds. 13. Bank of China (Hong Kong) again assists the Indonesian government in issuing offshore RMB bonds.