The People's Bank of China and the Bank of Mongolia renewed a bilateral local-currency swap agreement for CNY15 bln / MNT7.85 tln, effective for three years. The renewal is aimed at deepening financial cooperation, supporting bilateral trade and helping to maintain financial market stability.

Two US senior officials told the Wall Street Journal that Iran’s Islamic Revolutionary Guard Corps attacked a Singapore-flagged freighter in the Strait of Hormuz on Thursday, an incident that tests last week’s US-Iran agreement to end hostilities and reopen the vital shipping lane. The UK Maritime Trade Operations said the vessel’s wheelhouse was damaged but there were no injuries; the strike occurred near Oman’s coast. Iranian paramilitary naval forces had warned hours earlier that ships must not use unapproved routes.

HKEX listed seven new issues today: six companies and one ETF. The SFC said it will promote high‑quality listings and uphold the highest standards of integrity. Analyst Zheng Xuexi said institutional capital currently favors AI, semiconductors and advanced manufacturing and expects IPO activity to remain active in H2.