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The three major A-share indices continued to decline in the afternoon, with the ChiNext index down 2%, the Shenzhen Component Index down 1.9%, and the Shanghai Composite Index down 1.5%.

2026-07-07

The three major A-share indices continued to decline in the afternoon, with the ChiNext index down 2%, the Shenzhen Component Index down 1.9%, and the Shanghai Composite Index down 1.5%.

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2026-07-07

[July 7, 2026 Interbank Foreign Exchange Market Central Parity Rate of the RMB] USD/CNY was 6.8054, down 12 points (RMB appreciation); EUR/CNY was 7.7756, up 48 points; HKD/CNY was 0.86776, down 0.5 points; GBP/CNY was 9.1037, up 332 points; AUD/CNY

[July 7, 2026 Interbank Foreign Exchange Market Central Parity Rate of the RMB] USD/CNY was 6.8054, down 12 points (RMB appreciation); EUR/CNY was 7.7756, up 48 points; HKD/CNY was 0.86776, down 0.5 points; GBP/CNY was 9.1037, up 332 points; AUD/CNY was 4.7265, up 145 points; CAD/CNY was 4.7814, down 11 points; JPY/CNY was 4.1961, down 123 points; CNY/RUB was 11.3437, down 193 points; NZD/CNY was 3.8742, up 15 points; CNY/MYR was 0.60046, up 16.4 points; CHF/CNY was 8.4430, down 120 points; The Singapore dollar/Chinese yuan exchange rate was 5.2607, up 15 points.
2026-07-06

[Betsant: "Trump Accounts" Will Enable the Next Generation to Share the "American Dream"] Speaking in the Oval Office, U.S. Treasury Secretary Bessenter stated that the "Trump Account"—a tax-advantaged savings account for children under 18—will provi

[Betsant: "Trump Accounts" Will Enable the Next Generation to Share the "American Dream"] Speaking in the Oval Office, U.S. Treasury Secretary Bessenter stated that the "Trump Account"—a tax-advantaged savings account for children under 18—will provide the necessary economic foundation for the next generation to share in the "American Dream." "The 'American Dream' belongs to every child; today, through the 'Trump Account,' we are giving the next generation a right to their own share of the 'American Dream,'" Bessenter said. "Our president is building an 'ownership economy'—an economic model where all citizens are shareholders," he continued before inviting Trump to speak. "Currently, 6 million American children have registered for this account."
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