Zhongheng Group said it intends to repurchase 100–200 mln yuan of its shares at a maximum price of 3.04 yuan per share.

BERNSTEIN initiates coverage on SpaceX (SPCX.O), assigns Outperform rating and PT $239.

July 7 — Reports circulated on WeChat Moments that Fumin Bank had relisted 3‑ and 5‑year term deposits. The bank's WeChat mini‑program was reported to show the two products on sale with annualized rates of 2.15% (3‑yr) and 2.05% (5‑yr). The mini‑program deposit section, however, shows 2‑, 3‑ and 5‑year fixed‑term products as off‑shelf. Fumin Bank customer service said the products are off‑shelf for all customers and have not resumed sales.