China's National Development and Reform Commission (NDRC) will hold its June press briefing on June 18 at 10:00.

At the Lujiazui Forum opening, PBOC vice governor and State Administration of Foreign Exchange director Zhu Hexin said since 2020 global instability and uncertainty have risen, and capital flows now exhibit 'volatility, divergence and resilience.' He flagged three market features: first, global financial conditions have shifted rapidly, with higher international market volatility and increased capital‑flow volatility amid changes in financial structure; second, global capital is reallocating toward future industries — notably artificial intelligence, semiconductors, biomanufacturing and the energy transition — widening dispersion across countries, sectors and assets; third, the foundation for global openness and cooperation remains solid and cross‑border private allocation momentum is strong. Zhu said global financial system resilience has continued to improve and many emerging economies, including China, have richer macro policy and macroprudential experience, enhancing their capacity to withstand external shocks.

On Wednesday, June 17, the Dow Jones Industrial Average closed down 506.51 points, or 0.97%, at 51,493.16; the S&P 500 closed down 91.22 points, or 1.21%, at 7,420.13; the Nasdaq Composite closed down 354.69 points, or 1.34%, at 26,021.66.