Bank of England Deputy Governor Woods: We will not delay proposing new plans for eligible liabilities and minimum requirements for own funds (MREL). Simplified mortgage risk model requirements for some banks are expected to be introduced before the s

Domestic news: 1. During his inspection in Shanxi, Xi Jinping pointed out that we should focus on building an important energy and raw material base in my country at a high level, develop supporting energy such as wind power, photovoltaic power generation, and hydrogen energy, and build a new energy system. 2. China Passenger Car Association: In June, the narrow passenger car market retailed 2.084 million vehicles, an increase of 18.1% year-on-year. 3. Australian Prime Minister Albanese will pay an official visit to China from July 12 to 18. 4. US media: US Treasury Secretary said he plans to hold talks with China in the coming weeks to promote consultations on issues such as Sino-US trade. 5. The General Office of the State Council issued the "Opinions on Improving the Regular Promotion Mechanism of Key Issues of "Efficiently Doing One Thing"" 6. Hong Kong Securities and Futures Commission: Expand the scope of participating institutions in the Southbound Link to include securities companies, insurance companies, wealth management and asset management companies. 7. The Ministry of Foreign Affairs responded to Trump's announcement of additional tariffs on 14 countries: There are no winners in tariff wars and trade wars, and protectionism harms the interests of all parties. 8. Seven departments jointly issued the "Opinions on Accelerating the Construction of Inclusive Childcare Service System", clarifying the development of a "1+N" childcare service system. International News: 1. It is reported that SpaceX plans to launch an IPO with a valuation of US$400 billion. 2. Trump: If people want to challenge the US dollar, they will pay the price. 3. New York copper futures once soared by more than 16% and hit a record high, while London copper fell by more than 2%. 4. The Reserve Bank of Australia unexpectedly kept the benchmark interest rate unchanged at 3.85%, and the market generally expected a 25bp rate cut. 5. Trump: If Federal Reserve Chairman Powell misleads Congress, he should "resign immediately" and he should cut interest rates immediately. 6. Trump Media Group plans to launch the Truth Social crypto blue chip ETF and has submitted an application to the US Securities and Exchange Commission. 7. World Gold Council: Global gold ETFs have inflows of US$38 billion in the first half of the year, and the average daily trading volume has set a semi-annual record. 8. Tariffs-①Trump: Tariffs will start on August 1st and no extension will be granted. A 50% tariff will be imposed on imported copper. Tariffs on drugs could be as high as 200%, but drugmakers will be given 18 months to adjust. Tariffs on semiconductors will be announced soon. It may take two days before the tariff letter is sent to the EU. ②US Secretary of Commerce: 15 to 20 more tariff letters are expected to be sent in the next two days. Copper tariffs will be implemented in late July or August 1st. The EU has said it will open its market. Pharmaceutical and semiconductor tariff research will be completed by the end of the month. ③US Treasury Secretary: $100 billion in tariffs have been collected so far, and tariff revenue is expected to increase to $300 billion by the end of the year. ④Source: The UK will miss the July 9 deadline for steel and aluminum tariff negotiations, but is still expected to reach an agreement by the end of the month.

According to Sky News: Fintech executives are asking the government for incentives to boost London listings.