European Commission will propose that a larger share of national revenues from the EU Emissions Trading System be allocated to industries that incur ETS costs.

July 8 — Pang Yaping, board member and managing director and head of index R&D at E Fund Management, said China now has nearly 1,600 ETFs since the first in 2004, with aggregate AUM about 6 trillion yuan at the start of the year. ETF penetration of the Chinese equity market is roughly 2.4%, versus about 24% in the US and ~25% in Europe, implying substantial upside. Product types have diversified—broad-market, sector/theme, style/factor, cross‑border and commodity ETFs—and participation from medium- and long-term investors is increasing. Pang flagged pronounced product homogeneity among the ~1,600 ETFs and urged a shift from scale-driven expansion to stronger operational capability, global allocation and active-passive integration. He said index investing’s purpose is to lower investment difficulty and called for continued focus on refined operations, product innovation and investor services to drive quality over quantity.

全球最大的一些科技公司纷纷涉足发债发股进行融资，来支撑人工智能基础设施建设，硅谷企业均一改以往依靠自有现金进行投资的传统模式。Alphabet、亚马逊、微软和Meta都表示，AI支出不会放缓。科技巨头今年的合计支出预计将超过7000亿美元，高于此前预期的约6000亿美元。桥水基金2月的分析指出，AI热潮已进入更危险的阶段，实物基础设施投资呈指数级增长，企业对外部资本的依赖也日益加深。