Changguang Satellite has completed an equity financing of nearly Rmb5 bln led by Changfa Group and Lushi Investment, with participation from Chengtong Fund, Orient Asset Management and others; existing investors including Haitong Innovation and Shenzhen Capital Group also followed. Proceeds will be deployed to three priorities: accelerate satellite mass-production capacity and scale manufacturing efficiency; advance the Jilin-1 satellite constellation to strengthen high-resolution data acquisiti

The State Council released the Beautiful China 15th Five-Year Plan, tightening soil and groundwater environmental controls. It mandates intensified soil-source pollution prevention, mandatory control and remediation for key soil-polluting operators and promotion of green upgrades. Authorities will strengthen risk management and a remediation-listing system for construction land, and tighten soil controls on vacated sites from pesticide active-ingredient manufacturers and coking plants. The plan aims to substantially complete heavy-metal pollution remediation of agricultural land in priority counties and reach a contaminated farmland safe-use rate of at least 95%. Measures also include protecting black soil, treating acidified cropland, and stepped-up environmental management of groundwater pollution priority zones, including a groundwater remediation campaign for chemical industrial parks.

S&P Global's France services PMI rose to 46.8 in June from 44.3 in May but missed the preliminary 47.4, indicating a larger-than-expected contraction amid weak demand and inf pressure. The June composite PMI final rose to 47.2 from 44.9 in May, also below the 47.6 preliminary reading. S&P Global Markets Intelligence senior economist Joe Hayes said the June PMIs could have been worse given May's recession warning and a downward revision to Q1 GDP, and that the French economy remains mired in weak demand, low business confidence and strong inf pressure.