REUTERS SURVEY: 55 of 69 economists expect the ECB deposit rate to reach 2.50% by end-2026; in July survey 49 of 74 held the same view.

WHO Director-General Tedros said on the 12th that recent US adjustments to the childhood vaccination schedule departs from scientific evidence, warning that delaying or splitting vaccinations could leave children exposed to infectious-disease risk for longer. The remarks follow an executive order by Trump to reduce the number of childhood vaccinations; WHO said it is concerned.

Key News 1. The People's Bank of China (PBOC): Promptly plan and introduce practical and effective incremental policies to strengthen counter-cyclical adjustments. 2. The PBOC announced: Overnight reverse repurchase operations will be conducted on August 14th and from August 17th to August 19th. 3. The PBOC: Reduce focus on loans as the sole financing channel, and consider loans and bond financing together. 4. The most expensive IPO this year, Pinzhun Laser: Online investors abandoned subscriptions for 10,800 shares. 5. The State-owned Assets Supervision and Administration Commission of the State Council (SASAC): Focusing on core technologies such as cloud computing, networks, artificial intelligence, and quantum computing, efforts will be intensified to tackle key core technologies. 6. By 2030, 6 trillion kilowatt-hours of green electricity will be connected to the grid, leveraging trillions of yuan in social investment. Individual Stock News 1. Zhongding Shares: Signed a strategic cooperation agreement with Tencent Cloud, but no substantial cooperation content has yet been implemented. 2. Zijin Mining: Announced a cash dividend of RMB 0.42 per share for the first half of 2026, with the record date being August 20th. 3. Liyuan Information: Murata inductor products began raising prices in July. 4. Zhongkuang Resources' 100,000-ton-per-year lithium sulfate project in Zimbabwe has fully commenced construction. 5. Zhaori Technology: Plans to acquire control of Bainai Technology; stock resumes trading. 6. ShuoBeide: Plans to raise no more than 1.096 billion yuan through private placement for server cooling module projects, etc. 7. Chuanzhi Education (9 out of 13 days of limit-up trading): The company's stock has recently been under close monitoring by the Shenzhen Stock Exchange; further abnormal price increases may trigger a trading halt for investigation. 8. Tianfu Communication: Plans to implement a restricted stock incentive plan of 2.2887 million shares, with performance targets of net profit growth rates of no less than 120%, 320%, and 560% respectively from 2025 to 2027-2029. 9. Baihua Pharmaceutical (7 consecutive limit-up days): Not involved in innovative drug development; the controlling shareholder has no plans or arrangements for major asset restructuring within the next 36 months.