Brent crude up 5.00% at $75.67/bbl; WTI up 5.00% above $72.00/bbl. Spot gold down 1.54%, trading below $4,100/oz.

Southbound Stock Connect flows net bought 497 mln yuan today. Via Hong Kong Stock Connect (Shanghai), Tencent was net bought HKD 983 mln and SMIC HKD 901 mln; Kingboard Laminates was the largest net sell at HKD 966 mln. Via Hong Kong Stock Connect (Shenzhen), Tencent and Meituan‑W were net bought HKD 1.341 bln and HKD 1.241 bln respectively; SMIC was the top net sell at HKD 1.979 bln.

At a July 7 press briefing on the Anhui Province Fiscal‑Financial Coordination Implementation Plan, Anhui finance department deputy director Zhang Feng said the plan explores financing-innovation pilots: for technology innovation, a combined "fund + technology loan + investment‑guarantee linkage + intellectual‑property pledge" tool; for major project financing, a "special bond + bank credit + REITs" model; for industry cultivation, an "investment‑loan linkage + guarantee credit enhancement + interest‑subsidy and reward" mechanism; and for consumption, "loan interest subsidies + consumer subsidies + receipt lottery." The plan seeks to build a multi‑product, complementary financing ecosystem.