国家烟草专卖局发布公开征求《国家烟草专卖局、国家市场监督管理总局、国家药品监督管理局关于严禁制售非法电子烟的通告（征求意见稿）》意见的通知。

The Ministry of Finance said in its 1H fiscal policy execution report that risks from stock implicit local government debt have been effectively mitigated. It reported localities had issued 1.73 trillion yuan of replacement bonds by end-July, completing 86.7% of the 2026 2 trillion yuan quota. The ministry said it will accelerate reform and transformation of local government financing vehicles (LGFVs), guide localities to resolve LGFV stock implicit debt, legally clarify government versus enterprise responsibilities, and speed the removal of financing functions from platforms. It will coordinate with financial regulators to optimize financial support policies for debt-risk resolution and guide financial institutions to use measures such as debt restructuring to reduce LGFVs’ liquidity risks and interest burdens.

Fed's Musalem said financial conditions have tightened moderately but remain accommodative and continue to support economic growth.