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Domestic News 1. Tencent Holdings: Q2 revenue reached RMB 204.79 billion, a year-on-year increase of 11%. 2. According to the Hong Kong Stock Exchange, Duan Yongping's stake in Pop Mart increased from 5.55% to 7.70%. 3. The People's Bank of China

2026-08-12

Domestic News 1. Tencent Holdings: Q2 revenue reached RMB 204.79 billion, a year-on-year increase of 11%. 2. According to the Hong Kong Stock Exchange, Duan Yongping's stake in Pop Mart increased from 5.55% to 7.70%. 3. The People's Bank of China (PBOC): Will conduct overnight reverse repurchase operations on August 14 and from August 17 to August 19, with daily operations not exceeding RMB 600 billion. 4. The PBOC released its Q2 China Monetary Policy Implementation Report. The report proposed to promptly plan and introduce practical and effective incremental policies, increase counter-cyclical adjustments, and comprehensively utilize and adjust monetary policy tools in a timely manner to maintain ample liquidity and relatively loose social financing conditions. International News 1. US July inflation data met expectations; market pricing indicates a 45% probability of a Fed rate hike in September. 2. Abu Dhabi National Oil Company (ADNOC) set the official selling price for its September Murban crude oil at $79.07 per barrel. 3. OPEC Monthly Report: OPEC lowered its 2026 global oil demand growth forecast to 580,000 barrels per day (previously 780,000 barrels per day). 4. Middle East Situation ① Explosion in Jask County, Iran. ② Trump: The US has complete control over the Strait of Hormuz. ③ Sources: There are currently no discussions on extending the ceasefire. ④ Pakistan: The deadline for the US-Iran memorandum of understanding can be extended. ⑤ Kuwait claims to have thwarted a "terrorist attack plot" targeting a key facility.

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2026-08-12

Foreign Ministry spokesman Guo Jiakun said China has noted reports that SAIC plans its first European factory in Ferrol and that Spanish authorities are reviewing the project on economic, industrial, employment and national security grounds because t

Foreign Ministry spokesman Guo Jiakun said China has noted reports that SAIC plans its first European factory in Ferrol and that Spanish authorities are reviewing the project on economic, industrial, employment and national security grounds because the site is near sensitive military and shipbuilding facilities. Guo said China has noted positive statements from Spain’s central and local governments, is willing to deepen pragmatic cooperation on the basis of mutual respect and win‑win outcomes, and urged Spain to provide Chinese firms a fair, just and non-discriminatory business environment.
2026-08-13

The U.S. Treasury Department reported a budget deficit of $432 billion in July (compared to market expectations of $346 billion), compared to a deficit of $291 billion in July of last year.

The U.S. Treasury Department reported a budget deficit of $432 billion in July (compared to market expectations of $346 billion), compared to a deficit of $291 billion in July of last year.
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