China bond futures extended gains: 30-year main contract up 0.36%, 10-year up 0.11%, 5-year up 0.06%, 2-year up 0.03%.

CHINA STATE PLANNER said at a July press briefing it will coordinate with ministries and local governments to draft targeted plans or implementation schemes for each of the six networks and push quickly to convert plans into physical work. The agency said it will emphasize multi-network, hardware–software and scenario coordination and accelerate detailed, locality- and sector-specific implementation. Policy research director Jiang Yi said that during the 15th Five-Year Plan period the new-type power grid is expected to receive over 5 tln yuan of investment to upgrade grid architecture, transmission and storage technologies and power-supply services to better meet demand, accommodate renewable integration and strengthen disaster response and rapid recovery. Underground utility networks are slated for about 5 tln yuan of investment to shore up gaps in gas, water supply/drainage and heating, boosting urban infrastructure resilience and living standards.

The Wall Street Journal, citing sources, says Nexus Data Centers is in talks to raise $15 bln to finance a new data‑center campus in Texas.