Iran's Islamic Revolutionary Guard Corps said Iranian fighters' control of the strategic Strait of Hormuz is complete and indisputable.

Guangdong Housing Policy Research Center chief researcher Li Yujia said China will enter a transition period in which presales and sale‑on‑completion coexist; authorities will gradually raise presale thresholds and narrow the gap with sale‑on‑completion to reduce reform costs and pain and ultimately move to sale‑on‑completion. A regulatory Notice proposes a sponsor‑bank framework—each project designates one bank or a bank syndicate as sponsor to meet reasonable project financing and create sponsor–developer interest‑sharing and risk‑sharing links; allows pooled per‑unit land‑use rights to be pledged as collateral for development loans; and supports developers issuing equity, bonds and other instruments so loan disbursements align with project construction cycles.

France household consumption spending rose 0.5% MoM in July, versus 0.0% expected; June was revised up to 0.6% from 0.4%.