At the morning open, main contracts: CSI 300 index futures (IF) +0.22%, SSE 50 index futures (IH) +0.05%, CSI 500 index futures (IC) +0.16%, CSI 1000 index futures (IM) +0.62%.

派杰投资：将Alphabet(GOOG.O)目标价从445美元下调至395美元。

Shanghai Development and Reform Commission and other departments issued measures to strengthen tech finance: deepen the QFLP pilot, leverage state-capital fund managers’ local resources, promote a foreign-capital domestic-management model to attract high-quality offshore funding, and explore introducing offshore RMB capital to support onshore tech innovation. For reputable, mature foreign asset managers the city will push to streamline establishment approvals, ease foreign-exchange conversion of fund proceeds, and provide tax compliance guidance.