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MOFCOM's Service Trade Department issued measures to accelerate rail–tourism integration and expansion service consumption, outlining 15 main tasks across five areas. Market-relevant directives: accelerate tourism-oriented upgrades to rail infrastruc

2026-06-10

MOFCOM's Service Trade Department issued measures to accelerate rail–tourism integration and expansion service consumption, outlining 15 main tasks across five areas. Market-relevant directives: accelerate tourism-oriented upgrades to rail infrastructure — coordinate rail and tourism planning, speed station retrofits, enhance tourism amenities and accessibility. Promote tourism-focused train retrofits and encourages private investment in train facilities to meet diverse consumer demand. Encourage localities with capacity to introduce subsidies and reward policies for tourism trains and to pilot new rail–tourism consumption scenarios. Urge financial institutions to provide financing for technical upgrades and equipment renewal of tourism trains. Support broadening application channels to operate tourism trains, stepping up promotion and building a Rail–Tour Integration brand to boost demand.

Other News
2026-06-10

Key News 1. The US May unadjusted CPI annual rate was 4.2%, in line with market expectations and a new high since April 2023. 2. The US May unadjusted core CPI annual rate was 2.9%, in line with market expectations and a new high since September 20

Key News 1. The US May unadjusted CPI annual rate was 4.2%, in line with market expectations and a new high since April 2023. 2. The US May unadjusted core CPI annual rate was 2.9%, in line with market expectations and a new high since September 2025. Individual Stock News 1. According to sources, SK Hynix plans to list in the US as early as August; the US Securities and Exchange Commission may approve SK Hynix's American Depositary Receipts (ADR) listing application in the week of June 22. 2. TSMC (TSM.N): May revenue increased by 30% year-on-year to NT$416.98 billion (approximately US$13.2 billion). 3. According to sources, Starbucks (SBUX.O) is considering several options for its Japanese business, including the sale of a portion of its stake. 4. Advanced Micro Devices (SMCI.O) announced plans to raise up to US$7 billion through a share offering to purchase components and equipment needed to fulfill customer orders. 5. Meta Platforms (META.O): Reliance Industries will build a 168 MW data center, which Meta will lease and can choose to expand. 6. Saudi Arabian and Kuwaiti sovereign wealth funds reportedly placed orders of $1 billion to $5 billion each in SpaceX's IPO. 7. Applied Materials (AMAT.O) officially opened its new $500 million campus in Tampines, Singapore, further expanding its new manufacturing and R&D operations. 8. Stellartis (STLA.US) European operations head: The EU needs to provide more flexibility on the 2030 CO2 emission targets for commercial vans. 9. Trump Media Technology Group (DJT.O): Parties involved have decided not to proceed with the potential spin-off of some of TMTG's media assets (including Truth Social) at this time.
2026-06-10

Iranian state media quoted a provincial governor saying there was no explosion on Qeshm Island.

Iranian state media quoted a provincial governor saying there was no explosion on Qeshm Island.
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