MIIT and three other ministries issued guidance to drive high-quality development of China’s internet infrastructure resources. The plan targets systemic breakthroughs by 2030, delivery of original core technologies and a series of leading technical standards, and upgrading resource architectures to build efficient, collaborative, intelligently interconnected infrastructure and a set of new service networks. It calls for a strengthened industry‑academia‑research‑application innovation system to

Sources told Refinitiv the Government Pension Investment Fund (GPIF) has no plan to change its target asset allocation but may, within existing permitted ranges, shift more funds into Japanese assets as the government studies options. Japan's finance minister Katayama last Friday said the government will seek to encourage pension funds, including GPIF, to substantially increase investment in Japanese financial assets; the remarks lifted the yen and JGBs. GPIF managed ¥293.6 tln (about $1.81 tln) as of March. Officials said any increase would be implemented within the current benchmark limits and would not immediately alter GPIF's medium-term targets; GPIF is legally required to invest solely in beneficiaries' interests and cannot deploy assets to advance government policy. Under its current strategic plan, GPIF allocates 25% each to domestic bonds, overseas bonds, domestic equities and overseas equities.

YONHAP: Hyundai Rotem has received NATO quality assurance certification for the first time, potentially enabling South Korean defense firms to compete in NATO collective-defense procurement.