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On July 1 at an investor event, Xianfeng Jingke disclosed it initiated an internal 2025 R&D project to develop precision components for semiconductor lithography equipment; process development is complete and dimensional verification of trial parts i

2026-07-02

On July 1 at an investor event, Xianfeng Jingke disclosed it initiated an internal 2025 R&D project to develop precision components for semiconductor lithography equipment; process development is complete and dimensional verification of trial parts is underway. The company said it will use employee share ownership and equity incentives at an appropriate time to retain and align key managers and R&D staff with shareholders.

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2026-07-02

[July 2, 2026 Interbank Foreign Exchange Market Central Parity Rate of the RMB] USD/CNY was 6.8088, up 21 points (RMB depreciation); EUR/CNY was 7.7362, down 212 points; HKD/CNY was 0.86804, up 2 points; GBP/CNY was 9.0287, up 211 points; AUD/CNY was

[July 2, 2026 Interbank Foreign Exchange Market Central Parity Rate of the RMB] USD/CNY was 6.8088, up 21 points (RMB depreciation); EUR/CNY was 7.7362, down 212 points; HKD/CNY was 0.86804, up 2 points; GBP/CNY was 9.0287, up 211 points; AUD/CNY was 4.6850, down 137 points; CAD/CNY was 4.7811, down 31 points; JPY/CNY was 4.1840, up 5 points; CNY/RUB was 11.4187, down 1726 points; NZD/CNY was 3.8575, up 9 points; CNY/MYR was 0.60162, up 14 points; CHF/CNY was 8.4037, down 51 points; The Singapore dollar/Chinese yuan exchange rate was 5.2478, down 50 points.
2026-07-02

The yen suddenly jumped against the dollar on Thursday, prompting traders to brace for possible Japanese intervention to support the currency. It is unclear what triggered the move or whether authorities entered the market. The amplitude of the move

The yen suddenly jumped against the dollar on Thursday, prompting traders to brace for possible Japanese intervention to support the currency. It is unclear what triggered the move or whether authorities entered the market. The amplitude of the move appeared smaller than in prior post-intervention episodes. Sumitomo Mitsui chief FX strategist Hirofumi Suzuki said it remains uncertain this was intervention, but reports suggest authorities may have shifted tactics to avoid advance signaling, which could make further weakness harder.
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