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US President Trump: Congratulations to Jay Clayton on his confirmation by the US Senate as the next Director of National Intelligence. Jay has performed exceptionally well in all aspects and will do an outstanding job as Director!

2026-07-29

US President Trump: Congratulations to Jay Clayton on his confirmation by the US Senate as the next Director of National Intelligence. Jay has performed exceptionally well in all aspects and will do an outstanding job as Director!

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2026-07-29

According to Iranian state television, the Iranian Revolutionary Guard claimed that three oil tankers were "hit and stopped" in the Strait of Hormuz a few hours earlier after ignoring warnings.

According to Iranian state television, the Iranian Revolutionary Guard claimed that three oil tankers were "hit and stopped" in the Strait of Hormuz a few hours earlier after ignoring warnings.
2026-07-29

On July 28, the DR007 rate closed at 1.4676%, the highest since June 25. It further rose to 1.51% in early trading today, with the central bank injecting a net 730.5 billion yuan into the market. -------- Note: Short-term money market rates, such as

On July 28, the DR007 rate closed at 1.4676%, the highest since June 25. It further rose to 1.51% in early trading today, with the central bank injecting a net 730.5 billion yuan into the market. -------- Note: Short-term money market rates, such as DR007, reflect the adequacy of market liquidity. Besides loan rates for the real economy, many transactions in financial markets such as the stock and bond markets are essentially leveraged through loans, and the cost of these loans depends on short-term interest rates. DR007 is generally considered the benchmark for short-term interest rates in China. The difference between DR007 and the central bank's 7-day reverse repo rate (policy rate) indicates whether the market is short of funds. If the DR007 rate is significantly higher than the policy rate, it indicates a shortage of funds, and the central bank may intervene to inject liquidity; conversely, if the DR007 rate is lower, it indicates very ample market liquidity.
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