Poly Developments reported 1H revenue of 102.9 bln yuan, down 11.95% YoY, and net profit of 1.93 bln yuan, down 38.96% YoY. The company said industry and market volatility reduced property delivery recognition and recognized gross margins, driving the YoY decline in profit metrics.

Shanghai Development and Reform Commission and other municipal agencies issued measures to strengthen tech-finance services, urging accelerated cooperation with the National Council for Social Security Fund to set up selected-project funds and establish a long-term capital-relay and coordinated-empowerment mechanism. The measures call for studying an S parent fund to cluster more S funds in Shanghai and for attracting insurers, financial asset investment companies (AICs) and asset management companies (AMCs) to capitalise S funds or participate in quota trading. They also propose exploring inclusion of S funds within the nested-tier exemption framework.

韩国KOSPI指数7月23日（周四）收盘上涨299.12点，涨幅4.4%，报7096.82点。