As of July 10, margin financing balances on China's two stock exchanges totaled CNY 2.913769 tln, down CNY 11.339 bln from the prior session. Shanghai Exchange: CNY 1.471272 tln, down CNY 7.975 bln; Shenzhen Exchange: CNY 1.442497 tln, down CNY 3.364 bln.

HONG KONG GOVT Financial Services and the Treasury Bureau said July 12 the 2026 APEC finance ministers meeting has entered its 100-day countdown and official publicity has begun. Large promotional banners were installed on the Wan Chai government building in early July and electronic displays on Central pedestrian overpasses are running. The bureau said it will continue coordinating with relevant departments to finalise arrangements ahead of the meeting and to receive APEC delegations, aiming to showcase Hong Kong as an international financial centre.

CITIC Securities research note: Long March-10B maiden flight on July 10, 2026 achieved the world’s first sea-net controlled recovery of a rocket first stage. The breakthrough could materially cut satellite launch costs, accelerate constellation deployment and trigger substantial capex in China’s commercial space sector. Recommend focus on private reusable-rocket firms’ recovery-technology validation, pace of satellite-manufacturing capacity scale-up, and private commercial-space IPO activity in 2026–27.