PBOC conducted a CNY 449.5 bln 7-day reverse repo today; bid and accepted amounts both CNY 449.5 bln; operation rate 1.40%, unchanged.

The 7th Qingdao Summit of Multinational Company Leaders opened at Qingdao International Convention Center on June 15, attracting 357 multinationals from 44 countries and regions, including 105 Fortune Global 500 companies and 252 industry leaders. Organizers will run more than 20 events — opening ceremony and main forum, bilateral meetings and parallel forums — and will publish a Multinational Companies in China research report. The summit promotes China’s ‘15th Five-Year’ opening policies, market opportunities and innovation space, and seeks deeper integration of multinationals into China’s industrial, supply and innovation chains; modern services firms made up a record 20% of participants.

Japan's foreign minister Motegi spoke by phone with Israel's foreign minister just now to discuss developments in Iran, Lebanon and Gaza and conveyed Japan's position.