IEA monthly report: OPEC+ increased output by 2.5 mln bpd in June.

Southbound Stock Connect recorded net outflows of CNY 5.995 billion today. On Shanghai-Hong Kong Stock Connect, Tracker Fund of Hong Kong and Tencent Holdings were net sold HKD 2.812 billion and HKD 1.82 billion respectively; Zhipu was the top net buy at HKD 1.465 billion. On Shenzhen-Hong Kong Stock Connect, Tracker Fund of Hong Kong and Tencent were net sold HKD 1.886 billion and HKD 1.044 billion; Zhipu led net buys at HKD 1.378 billion.

On July 9 Zhizi Xinyuan and China's CPU maker Haiguang signed a strategic cooperation agreement to support AI model deployment, migration, adaptation and optimization on domestic chip platforms. The partners will leverage Haiguang's CPU/DCU product line and open-ecosystem platform together with Zhizi Xinyuan's AI acceleration tools and technical services to strengthen engineering support from chip supply through application deployment for China's domestic AI compute stack.