China Index Academy data: July 20-city second-hand residential sales 125,000 units, down 6.0% MoM and up 9.3% YoY; the YoY gain narrowed 3.1 percentage points from June. Jan–Jul cumulative sales 885,000 units, +6.1% YoY. Core cities: Beijing 14,000 a

Iranian Foreign Ministry spokesman Bagaei: Iranian Foreign Minister Araghchi will travel to Iraq today to participate in the Albayin pilgrimage.

Domestic News: 1. Premier Li Qiang recently signed a State Council decree promulgating the revised "Regulations on the Protection of Integrated Circuit Layout Designs," which will take effect on October 15, 2026. 2. Ministry of Commerce: Foreign companies have filed Section 337 investigation applications against certain secondary cylindrical batteries, battery modules, and products containing such modules. 3. National Development and Reform Commission and National Energy Administration issued the "15th Five-Year Plan for the Construction of New Power Systems." 4. China Securities Regulatory Commission and Hong Kong Securities and Futures Commission jointly announced new measures to deepen practical cooperation and close coordination between the two markets. 5. Total box office revenue (including pre-sales) for the 2026 summer movie season exceeded 7.5 billion yuan. 6. Ministry of Finance, together with the Ministry of Agriculture and Rural Affairs and the Ministry of Water Resources, allocated 2.154 billion yuan in agricultural disaster prevention and mitigation and water conservancy disaster relief funds to support agricultural disaster prevention and mitigation and the repair of water-damaged water conservancy facilities. International News: 1. Amazon's market capitalization surpassed $3 trillion for the first time. 2. Trump urged oil giants to lower retail oil prices now. 3. According to the Korea Economic Daily: South Korea plans to purchase physical gold domestically, its first such purchase in 13 years. 4. Bank of Japan account data shows that Japan may have spent approximately $34 billion to intervene in the foreign exchange market last Friday to support the yen. 5. According to The Information: The White House will hold a meeting with artificial intelligence companies on Tuesday to review an AI framework. 6. According to Russia's Foreign Intelligence Service, European leaders are explicitly denying the possibility of Ukraine joining the EU in the future. The EU plans to include Kyiv in European security policy, but without voting rights. 7. Federal Reserve – Williams: Optimistic about a gradual easing of inflationary pressures. If inflation does not return to 2% as expected, the Fed will take action to achieve price stability. 8. Middle East Situation – ① The Israeli parliament approves an extension of the military's emergency mobilization order. ② According to Turkey's Anadolu Agency, citing Pakistani government sources, US and Iranian negotiators have no plans to meet in Islamabad for at least the next 24 hours. ③ According to Lebanese media: Iranian sources say Tehran rejected the latest US proposal, insisting that the Strait of Hormuz will not be fully reopened before the end of the war.