Market sources say ByteDance has launched a $20 billion syndicated loan.

China National Gold Group said on July 26 it will dismantle institutional barriers, revamp its resource-management and incentive framework and strengthen cross-department coordination to accelerate strategic mineral development. The group plans to prioritise in-house exploration and reserve additions, complete a full resource inventory and speed conversion of resource potential, using subsidiaries and regional platforms to build a zonal, multi-point domestic resource-security network and strategic bases. It also aims to raise resource quality against top-tier benchmarks, develop nationally significant, globally recognisable mining projects, and adapt to international mining cooperation rules while pursuing diversified overseas M&A and development models to boost its global resource-allocation influence.

On July 22, White House OSTP director Michael Kratsios posted on social media alleging Chinese AI firm Moonshot AI distilled ANTHROPIC's Fable to develop the Kimi K3 model. Hours later U.S. Treasury Secretary Scott Bessent warned he could respond with sanctions and placement on a U.S. entity list over the alleged distillation.