At the opening of the morning session, the main domestic futures contracts rose more than fell, with caustic soda rising by more than 3%, No. 20 rubber and alumina rising by nearly 3%, rubber, coking coal and pure benzene rising by more than 2%. In t

Important news: 1. Hong Kong Stock Exchange: The average daily trading volume in June was 230.2 billion yuan, up 107% from 111.2 billion yuan in the same period last year. Individual stock news: 1. Alibaba (09988.HK): Completed the issuance of HK$12.023 billion of zero-interest convertible bonds. 2. Sino-Ocean Group (03377.HK): The cumulative contract sales in the first six months were approximately 13.37 billion yuan, compared with approximately 18.33 billion yuan in the same period last year, a year-on-year decrease of 27.06%. 3. Jiangshan Holdings (00295.HK): The total power generation in the first six months was approximately 154,800 megawatt-hours, a year-on-year decrease of 5.72%. The power generation at the same station in the same period last year was approximately 164,200 megawatt-hours. 4. Delin Holdings (01709.HK): Planned tokenization assets worth up to HK$500 million will be tokenized through the blockchain infrastructure provided by Asseto. 5. Greenland Hong Kong (00337.HK): In the first six months of 2025, the contract sales of the company and its subsidiaries and affiliates were approximately RMB 2.972 billion, and the total contracted building area sold was approximately 364,400 square meters. 6. Soundcom Technology (02495.HK): The Group expects to record a net profit and adjusted net profit of not less than RMB 50 million in the first half of 2025, compared with a net loss of RMB 590 million and an adjusted net profit of RMB 43 million in the same period last year.

Domestic News 1. Ministry of Human Resources and Social Security, Ministry of Finance: Basic pension for retirees increased by 2%. 2. The visa exemption agreement between China and Malaysia will take effect on July 17. 3. Ministry of Commerce: Special operations have been deployed to combat the smuggling and export of strategic minerals. 4. Zhang Yuzhuo, director of the State-owned Assets Supervision and Administration Commission, visited Yushu Technology Company and Shendu Qiusuo Company for research. 5. Beijing: Strive to achieve an average annual growth of about 5% in the city's total market consumption by 2030. 6. Wang Yi: The negotiations on the China-ASEAN Free Trade Area 3.0 have been fully completed and the protocol will be signed within the year. 7. China Association of Automobile Manufacturers: my country's automobile production and sales in the first half of the year exceeded 15 million vehicles, and new energy vehicles performed well. 8. Trump announced a 50% tariff on copper, and the Ministry of Foreign Affairs said that the abuse of tariffs is not in the interests of either party. 9. He Yongqian, spokesperson of the Ministry of Commerce, said that at present, China and the United States maintain close communication on their respective concerns in the economic and trade fields at multiple levels. International News 1. OPEC+ considers suspending production increases from October and entering a wait-and-see period. 2. Musk announced the launch of the Grok 4 model, saying it will be applied to Tesla cars next week at the latest. 3. Source: EU-US tariff negotiations are accelerating, and the automotive industry is the "red line" for the EU. 4. The EU released the final version of the General Artificial Intelligence Code of Conduct, and AI regulation has taken another step forward. 5. A US judge blocked Trump's birthright citizenship order in a nationwide class action lawsuit. 6. Fed's Musallem: The US fiscal deficit is on an unsustainable path. It may become a financial stability issue in the future. 7. Brazil is considering filing a complaint with the World Trade Organization against Trump's trade measures.