House Speaker Mike Johnson (R-La.) said he will bring a continuing resolution (CR) to the House for a vote next week, kicking off a funding fight ahead of the Sept. 30 fiscal-year deadline. Congress must pass funding before the deadline or risk a government shutdown ahead of November midterm elections.

CSRC’s website shows the approval status for the first batch of active ETFs has changed to materials received and discloses the product names: Jianxin Competitive Advantage Active Management ETF; Guotai Xinhui Balanced Income Active Management ETF; Huabao Select Stable Equity Active Management ETF; ICBC Credit Suisse Dividend Active Management ETF; Dacheng Dividend Smart-Select Active Management ETF; Southern Large‑Cap Style Allocation Active Management ETF; Penghua Value Select Active Management ETF; Fullgoal Value Preferred Active Management ETF; China Merchants Value Smart‑Select Active Management ETF; Huatai‑PineBridge Value Select Active Management ETF; Tianhong Balanced Preferred Active Management ETF; Hua Xia Quality Value Select Active Management ETF; Huaan Quality Strict‑Select Active Management ETF; Yongying Prosperity Select Active Management ETF; Huitianfu Balanced Strategy Active Management ETF; E Fund Quality Future Active Management ETF; Ping An Industry Preferred Active Management ETF; Morgan Core Growth Active Management ETF. Most of the products are balanced-style mandates; a minority focus on growth.

Onshore renminbi (CNY) closed at 6.7678 per USD at 16:30 on July 16, up 33 pips from the previous trading day.