U.S. Vice President Vance urged Pakistan and Qatar to allow the memorandum of understanding text to be released later today; the U.S. is seeking clarity on the agreement’s contents.

China Polar Research Center and the China Classification Society (CCS), together with several domestic steelmakers, after more than two years of R&D resolved a series of technical problems for high-strength steel for polar vessels and have produced a domestic polar-ship high-strength steel. Relevant steelmakers have begun certification work; Baoshan Iron & Steel Co., Ltd.'s polar-ship high-strength steel is the first product to receive CCS certification.

China’s onshore ETF market AUM is approaching CNY5 tln, and improving fund-manager capabilities and investor sophistication create favorable conditions for launching active ETFs. Globally, ETFs total USD19.9 tln as of end‑March; passive ETFs USD17.8 tln (89.4%), active ETFs USD2.1 tln (10.6%). Active ETFs have posted a 10‑year CAGR of 44% versus 19% for total ETFs. Institutional adoption is rising as more professional managers include active ETFs in asset allocations.