China bond futures morning session close: 2-yr (TS) most-active contract +0.02%, 5-yr (TF) +0.04%, 10-yr (T) +0.09%, 30-yr (TL) +0.35%.

CATL chairman Zeng Yiqun said in a video address to the 2026 World Power Battery Conference that domestic NEV sales exceeded 7.4 mln in 1H and automakers launched more than 600 new models—about three per day. He said OEMs are competing on speed, specifications and price and development cycles are shortening. He warned power batteries require very high precision and have very low tolerance, so small defects are amplified at mass-production scale; every process and parameter must be tightly controlled from the design stage and quality issues handled with zero tolerance.

Three sources said OPEC+ will not make any oil output policy decisions at Sunday’s meeting; the session will focus on market conditions.