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Aug 18 — New crude ETF holdings report shows USO (WTI) nominal exposure at about 24.12 mln barrels, down 465k barrels on the day; BNO (Brent) futures holdings about 7.693 mln barrels, up 32k barrels.

2026-08-19

Aug 18 — New crude ETF holdings report shows USO (WTI) nominal exposure at about 24.12 mln barrels, down 465k barrels on the day; BNO (Brent) futures holdings about 7.693 mln barrels, up 32k barrels.

Other News
2026-08-18

A chairmen's meeting of the 14th National People's Congress Standing Committee on Aug 18 decided the committee will hold its 24th session in Beijing from Aug 25-28. The meeting recommended the session review drafts/amendments including the Medical Se

A chairmen's meeting of the 14th National People's Congress Standing Committee on Aug 18 decided the committee will hold its 24th session in Beijing from Aug 25-28. The meeting recommended the session review drafts/amendments including the Medical Security Law, Farmland Protection and Quality Improvement Law, revised Agriculture Law, amended National Defense Mobilization Law, amended Lawyers Law, revised Enterprise Bankruptcy Law, amended Banking Supervision Law and amended Water Law; consider a State Council-submitted draft amendment to the Road Traffic Safety Law, a National Supervisory Commission-submitted draft Anti-Cross-Border Corruption Law, and a State Council proposal to approve an extradition treaty with Hungary. The session is also slated to review reports on this year’s national economic and social development plan execution, this year’s budget execution, the 2025 government debt management situation, cultural product and service quality, and progress consolidating poverty-alleviation gains and advancing rural revitalization, plus reviews of individual deputy qualifications and related personnel appointment/removal items.
2026-08-18

NetEase (09999.HK) will announce its second-quarter results on Thursday. According to a FactSet survey of nine analysts, NetEase's second-quarter net profit is expected to increase by 13% year-on-year to RMB 9.72 billion, while adjusted net profit is

NetEase (09999.HK) will announce its second-quarter results on Thursday. According to a FactSet survey of nine analysts, NetEase's second-quarter net profit is expected to increase by 13% year-on-year to RMB 9.72 billion, while adjusted net profit is expected to increase by 7.3% year-on-year to RMB 10.23 billion. Nomura analysts cautioned that due to NetEase's holdings in Alibaba and Pinduoduo, related investment losses may widen, thus the actual net profit may be lower than expected. NetEase's second-quarter revenue is expected to increase by 4.3% year-on-year to RMB 29.1 billion, mainly supported by the solid performance of long-running games such as *Fantasy Westward Journey* and *Egg Party*. Furthermore, Nomura analysts predict that NetEase's game *Forgotten Sea*, launched in July, will generate monthly revenue of RMB 200 million to 300 million, potentially accelerating the growth of NetEase's game revenue in the second half of the year. According to Citigroup, NetEase currently has 57 games in development, of which 23 have been approved for release in China. Updates to the release schedule for new games by management could be an additional catalyst for the share price.
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