US long-term Treasury yields rose further after the Fed meeting: 10-year +5.7 bps to 4.661%; 20-year +9.05 bps to 5.205%; 30-year +9.84 bps to 5.193%, earlier touching 5.213%, the highest since July 2007.

Important News 1. A price compliance guidance activity for the photovoltaic industry is scheduled to be held on July 31. 2. The National Automotive Standardization Technical Committee is currently working on regulating the installation and use of automotive lights. 3. Yangtze Memory Technologies: The online rumor that "all 19 claims of its core 3D NAND patent have been ruled invalid" is a seriously misleading description. 4. The US has implemented import restrictions on advanced robots; the Ministry of Foreign Affairs responded: Protectionism will not enhance US competitiveness. Individual Stock News 1. GigaDevice: Zhu Yiming's share reduction plan of 4.4 billion yuan from May 6 to June 12 has been completed. 2. GigaDevice: The chairman proposed to repurchase company shares worth 1 billion to 2 billion yuan. 3. CR Double-Crane: Plans to acquire 23.5% of Lier Chemical's shares for 5.656 billion yuan in cash. 4. Zhaori Technology: Planning a change of control; trading of its shares will be suspended from the 30th. 5. Zijin Mining: Terminated the acquisition of United Gold and plans to subscribe for its 9.2% equity. 6. Hengrui Medicine: Sudi insulin injection has been approved for marketing in the treatment of type 2 diabetes in adults. This product is China's first independently developed long-acting insulin analog. 7. Yongding Shares: Its subsidiary received purchase orders for high-power laser chip products worth approximately RMB 1.133 billion in the past month. 8. Beijing Junzheng: Vice General Manager Zhang Min reduced his holdings by 236,000 shares from May 27 to June 30 at an average price of RMB 233 per share. 9. Xingyun Technology: The value of the computing power service agreement increased by 201.14% compared to the original agreement. 10. Midea Group: Due to the continued extreme heat in Europe, local demand for air conditioners has surged. Midea's air conditioner bases in Wuhu and Guangzhou received a total of 200,000 new orders from Europe within one month.

Sources told Refinitiv that Yemen’s Houthi movement is considering levying fees on commercial vessels transiting the southern Red Sea. The group, which on July 20 announced a maritime blockade on Saudi Arabia, has expanded attacks beyond the Gulf to include tankers carrying global energy and other goods. Sources said it is studying fees on most ships passing the Bab al‑Mandeb Strait but has not set an implementation date; the Houthi media office did not respond. Sources added the move aims to normalize levy practices on international waterways and increase pressure on the United States.