法国总统马克龙：叙利亚面临诸多挑战，但对我们企业而言也蕴藏着机遇。

Germany’s federal cabinet on the 6th approved a draft 2027 federal budget that plans total spending of €555.4bln, up from €524.5bln in 2026. The draft raises federal defence spending to about €109.7bln in 2027, roughly one-third higher than 2026. The plan drew criticism: The Left said it prioritises defence over household relief and disaster aid; industry groups warned spending and debt growth are too rapid and fiscal planning lacks prudence; environmental organisations criticised reallocations from the climate and transformation fund, saying the move would weaken support for climate protection.

PBOC'S Pan said at the Hong Kong Fixed Income and Currency Summit and Bond Connect Forum on the 7th that amid heightened global rate and inflation volatility, Chinese bonds' relative stability and lower volatility provide unique diversification benefits and continue to draw demand for increased allocations from international investors. Coupled with lower renminbi financing costs, Hong Kong's renminbi bond market faces a rare development opportunity; Hong Kong can seize the moment to attract more sovereign wealth funds and international corporates to issue bonds there.