Onshore yuan (CNY) closed at 6.7744 per USD at 16:30 on July 24, down 38 pips versus the previous trading day.

A German government spokesperson stated that the federal government is committed to the stability and predictability of trade relations.

Key News 1. The US imposes tariffs of 10%-12.5% on 60 economies, effective at 12:00 noon Beijing time on July 24. 2. Ministry of Commerce: China and the US are soliciting opinions on tariff reduction arrangements and will expedite implementation. 3. People's Bank of China: Conducted 500 billion yuan MLF operation on July 24. 4. China Securities Regulatory Commission: Promotes a steady increase in the scale and proportion of medium- and long-term funds entering the market. 5. China achieves a major breakthrough in brain-computer interfaces, achieving simultaneous EEG signal collection from thousands of people across regions for the first time. 6. Ministry of Commerce: Will guide foreign investment in advanced manufacturing industries such as magnetic levitation power equipment and modern service industries such as humanoid robot R&D. 7. State Council issues the "National Fitness Plan (2026-2030)". Individual Stock News 1. Changxin Technology: To be listed on the Science and Technology Innovation Board on July 27. 2. Jiangbolong: Controlling shareholder proposes to repurchase company shares worth 400 million to 800 million yuan. 3. Montage Technology: Plans to repurchase A-shares for 300 million to 600 million yuan. 4. Puran Technology: Expects a 1925.36% year-on-year increase in net profit for the first half of the year. 5. Xingye Technology: Its wholly-owned subsidiary plans to acquire indium phosphide business and assets for 55 million yuan. 6. Yunnan Germanium: Its subsidiary signed a 570 million to 855 million yuan in indium phosphide wafer supply agreement. 7. Hongban Technology: Its wholly-owned subsidiary plans to invest no more than 5 billion yuan to build a high-end mSAP high-precision circuit board industrialization project. 8. Pengding Holdings: Plans to invest 10 billion yuan to build a new third industrial park in Shenzhen and construct an intelligent manufacturing base for high-end artificial intelligence substrates and flexible circuit boards. 9. Zhongman Petroleum (3 limit-up days in 4 trading days): Affected by the geopolitical conflict in the Middle East, many of the company's drilling teams in Iraq are still in a state of suspension and standby.