Germany July manufacturing PMI (final) 52.2; in line with estimate and prior reading of 52.2.

Shanghai IP Office and the Shanghai Development and Reform Commission issued a 15th Five-Year plan for high-quality intellectual property development. Targets: by 2030, establish Shanghai as an important international IP city through deeper IP reform, higher protection standards, revitalized creation-use-operation of IP, upgraded IP service supply and an optimized innovation ecosystem; significantly improve IP creation, utilization, protection, management and services to support Shanghai’s role as a tech-innovation source, high-end industry hub, innovation-governance center, public-service benchmark, talent magnet and open-cooperation demonstration area. By 2035 the city aims to be an international IP centre with complete institutions, a sound system, superior environment and leading standards.

Aug 3 — Reports said Moonshot AI planned to file for a Hong Kong IPO as soon as this month to raise about $3 billion; Moonshot AI said the reports were false.