Malaysia preliminary Q2 GDP estimate: construction rose 6.6% YoY, services rose 5.4% YoY.

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.

July 17 — Shangjie Auto said reports it would exit the Huawei-backed HarmonyOS Drive ecosystem are false. A preliminary probe found misleading or fabricated posts from social accounts; the company said it remains a member of the HarmonyOS Drive ecosystem jointly supported by SAIC Motor and Huawei, that cooperation is stable, market performance is steady and brand operations are unchanged. Shangjie Auto said the rumours have damaged its reputation, it has collected evidence and will pursue legal liability.