The General Office of the CPC Central Committee and the General Office of the State Council issued opinions setting long‑term targets to strengthen China’s natural resource asset management. By 2030 the plan aims to clarify management responsibilities, compile clear natural‑resource asset inventories, strengthen protection of resource assets and national land space, boost asset‑allocation efficiency and tighten assessment and supervision. By 2035 the authorities seek a fully established, smoothl

Bank of East Asia wealth management strategist Chen Weicong said tech firms’ higher AI spending and rising energy and memory production costs have weakened earnings recovery for heavyweight tech and consumer names, prompting a cut to this year’s Hang Seng earnings forecast and a target reduction from 29,000 to 27,100. The implied P/E on the forecast is about 10x, slightly below the 10-year average of ~10.5x, making valuations increasingly attractive and recent overselling a buying opportunity. He expects a short-lived phase rebound in H2; the July Politburo meeting could be a catalyst if it signals further growth-stabilizing policies.

Advisor to Iran's supreme leader Rezaei said the Strait of Hormuz is a strategic deterrent whose importance exceeds that of dozens of nuclear bombs and that Iran will guard the vital waterway.