[Key Events and Data Preview for This Week: Summer Davos, US Core PCE, Nvidia Shareholders Meeting] 1. Monday: ① Data: China's one-year loan prime rate (LPR) as of June 22; Canada's May CPI month-on-month rate; Eurozone June consumer confidence index (preliminary). ② Events: State Council Information Office holds a press conference on policies and measures related to stabilizing and promoting foreign investment; ECB President Lagarde speaks at the European Parliament. 2. Tuesday: ① Data: France, Germany, and the Eurozone's June manufacturing PMI (preliminary); UK's June manufacturing and services PMI (preliminary); UK's June CBI industrial orders balance; US ADP employment change for the week ending June 6; US June S&P Global Manufacturing PMI (preliminary); US June S&P Global Services PMI (preliminary); US June Richmond Fed Manufacturing Index. ② Events: The 17th Summer Davos Forum will be held in Dalian from June 23rd to 25th; MSCI announces its annual market classification review results, with South Korea expected to be added to the developed market watch list; the 2026 Volcano Engine Conference will be held until June 24th; Bank of Canada Governor Macklem delivers a speech. ③ Holiday: Due to the rollover, NYMEX New York crude oil July futures will complete its last trading session on June 23rd at 2:30 AM, and its last electronic trading session at 5:00 AM. Please pay attention to the exchange's rollover announcements to control risk. Additionally, some trading platforms' US oil contracts typically expire one day earlier than the official NYMEX date; please be aware of this. 3. Wednesday: ① Data: US API and EIA crude oil inventory data for the week ending June 19th; Australia's May unadjusted CPI year-on-year rate; Germany's June IFO Business Climate Index; Switzerland's June ZEW Investor Confidence Index; US Q1 current account; US May new home sales (annualized). ② Events: The 2026 Mobile World Congress Shanghai will be held until June 26; the Bank of Japan will release a summary of the opinions of the deliberation committee members at its June monetary policy meeting. 4. Thursday ① Data: Australia's May seasonally adjusted unemployment rate; Germany's July GfK consumer confidence index; the UK's June CBI retail sales balance; US initial jobless claims for the week ending June 20; US May core PCE price index year-on-year; US May personal spending month-on-month; US Q1 final annualized GDP growth rate; US Q1 final real personal consumption expenditure growth rate; US Q1 final annualized core PCE price index month-on-month; US May durable goods orders month-on-month; US EIA natural gas storage for the week ending June 19. ② Events: Nvidia holds its annual shareholder meeting; the Bank of Canada releases the minutes of its monetary policy meeting; the Federal Reserve releases the results of its annual bank stress tests; Bank of Japan Governor Kazuo Ueda attends a central bank seminar hosted by the International Monetary Fund (IMF); Micron Technology holds its Q3 2026 earnings call; 300 billion yuan of 1-year Medium-term Lending Facility (MLF) and 248 billion yuan of 7-day reverse repos mature today. 5. Friday: ① Data: Final reading of the University of Michigan Consumer Sentiment Index for June; final reading of the 1-year inflation forecast for June. ② Events: Speech by Williams, permanent FOMC voting member and President of the New York Fed; Speech by Goolsby, 2027 FOMC voting member and President of the Chicago Fed; Speech by Kashkari, 2026 FOMC voting member and President of the Minneapolis Fed. ③ Holiday: The National Stock Exchange of India is closed. 6. Saturday: ① Data: Total number of oil rigs in the US for the week ending June 26. 7. Sunday: ① Event: Reserve Bank of Australia Governor Bullock delivers a speech.

Key Economic Data and Events to Watch Today: Monday, June 22, 2026 ① 09:00 China's 1-Year Loan Prime Rate (LPR) as of June 22 ② 15:00 State Council Information Office Press Conference ③ 20:30 Canada's May CPI (MoM) ④ 20:30 ECB President Christine Lagarde Speaks ⑤ 22:00 Eurozone June Consumer Confidence Index (Preliminary) ⑥ 02:30 (Next Day) US Oil Futures Contract Rollover

Channel 12 reported on the evening of the 21st that Israel is considering a 'small-scale' pullback from southern Lebanon. Israeli politics and security leadership held consultations over the past 24 hours and have been communicating with the US at multiple levels. Citing senior officials, the report said Israel has not received any US request to withdraw forces from southern Lebanon, but is studying limited withdrawals from areas beyond the Blue Line currently held by the IDF. The report added US pressure has raised the likelihood of an IDF pullback, while Israel stressed its bottom line is to remain within the Blue Line.

US President Trump said the "corrupt, failing New York Times" has published false and fabricated "facts" about an embattled Iran, calling that conduct "treasonous." He said he will add all their "false and ridiculous" reports to his multibillion-dollar lawsuit against the paper and labeled them "criminals."

Domestic News: 1. Pan Gongsheng, Governor of the People's Bank of China, met with the Indonesian Minister of Finance. 2. The total number of cross-regional trips during the three-day Dragon Boat Festival holiday is expected to exceed 650 million. 3. Xiaomi Auto is offering internal purchase discounts, with some in-stock vehicles seeing price reductions of tens of thousands of yuan. 4. Kweichow Moutai: A cash dividend of 28.02 yuan per share will be distributed for 2025, with the record date being June 25, 2026. International News: 1. De la Espley won the Colombian presidential election. 2. Trump: Starmer will resign as British Prime Minister. The British Business Secretary stated there is no reason to believe the Prime Minister will resign on Monday. 3. Libya's National Oil Corporation: Crude oil production reached 1.44 million barrels per day, the highest level since 2013. 4. Iraq's Deputy Oil Minister: Iraq plans to gradually restore crude oil production to the pre-US-Iran conflict level of 4.2-4.3 million barrels per day. 5. Middle East Situation— ① US-Iran Talks: Iran claims a draft agreement on sanctions waivers for Iranian oil has been finalized. US Vice President Vance: Negotiations have made "significant" progress, and further progress is expected. ② Trump threatens Iran to stop Hezbollah or face another attack. ③ Israeli Defense Minister: Israel will not withdraw from the safe zone in Lebanon. It is understood that Israel will withdraw from some of its positions in Lebanon before the Lebanon-Israel talks this week. ④ Israel will end nationwide public restrictions, including along the Lebanon-Israel border. ⑤ US Media: Trump is disappointed that Israel "cannot handle Hezbollah" and is considering authorizing Syria to enter southern Lebanon. Syrian President: Syria is seeking an economic corridor with Lebanon, not a military one. ⑥ Iranian Media: Sources say the Strait of Hormuz will not reopen as long as the Lebanese ceasefire agreement is not observed and Iranian oil sales waivers are not approved. ⑦ In response to the Iranian president's remarks about not relinquishing his right to enrich uranium, Trump said, "He had better watch his words." ⑧ Trump stated that if no agreement is reached, the United States will become the "guardian" of the Strait and collect 20% of the Middle East's oil revenue. ⑨ Iranian military sources: The Strait remains closed.

Shoucheng Holdings (00697.HK) said a fund managed by a Shoucheng Capital subsidiary has recently invested in AI services firm Zhizi Xinyuan.