Fitch: Saudi Arabia faces high geopolitical risks, but its economy and public finances have shown resilience during the Iraq War.

Domestic News 1. According to CCTV: Li Qiang chaired an executive meeting of the State Council, hearing reports on the construction of Digital China and studying relevant work on cultivating emerging pillar industries. 2. 369 million inbound and outbound trips were made in the first half of the year, a year-on-year increase of 10.8%, setting a new historical record. 3. The National Energy Administration issued the "Action Plan for Energy Conservation and Carbon Reduction in the Energy Sector (2026-2028)". 4. The Long March 10B carrier rocket successfully achieved controlled recovery of its first stage, and is expected to complete a reuse flight of the first stage rocket by the end of this year. 5. The National Development and Reform Commission: National electricity load reached a record high of 1.518 billion kilowatts. 6. The Ministry of Commerce and the General Administration of Customs: Temporary export ban on helium was implemented. 7. The State Council issued its approval of the "15th Five-Year Plan for the Revitalization and Development of Traditional Chinese Medicine," agreeing in principle to the plan. International News 1. Japan urged pension funds to increase domestic investment, causing the yen to rise. 2. IEA Monthly Report: Lowered its 2026 global oil supply reduction forecast from 3.9 million barrels per day to 3.7 million barrels per day. 3. EU escalates investigation into Meta, potentially facing hefty fines for its platforms. 4. Trump: Will not sign housing bill unless the "Save America Act" is passed. 5. Federal Reserve Semi-Annual Report: Previously strong inflation accelerated further in the spring. Prepared to use all available tools to achieve the dual mandate. 6. Middle East Situation— ① Reports indicate Israel is willing to participate in strikes against Iran, awaiting Trump's statement. ② Iran: Any attack on Iran will result in Israeli retaliation. ③ Qatari representatives arrive in Iran for emergency mediation; Iran demands explanations regarding allegations in the Straits of Hormuz. ④ Israeli sources: Trump currently does not want Israel to participate in the war, fearing loss of control. ⑤ Trump: Agrees to continue negotiations with Iran, but the ceasefire has ended.

HKEX filing shows BlackRock cut its stake in COSCO Shipping Energy Transportation (01138.HK) to 7.54% from 8.27% on July 6.