ASML (ASML.O) plans to raise capacity for Low-NA EUV lithography machines by 30% in 2027 on top of roughly 65 Low-NA systems slated for 2026, and is studying the feasibility of a further 30% increase in 2028.

At a State Council press briefing PBOC spokesperson and deputy governor Zou Lan said the central bank’s 1H tool injections effectively offset a c.1 tln yuan liquidity shortfall from reserve requirement payments and cash issuance; the money-market overnight rate DR001 averaged 1.31% in the first six months and overall conditions were stable. To better meet banks’ short-term liquidity needs and improve the precision and effectiveness of policy-rate control, the PBOC in late June added an overnight reverse-repo instrument to open-market operations and narrowed the operating-rate band for temporary repos/reverse repos from 70bps to 50bps. The central bank also launched an offshore central-bank repo tool to facilitate RMB liquidity management and RMB bond allocation by overseas central-bank-type institutions and has completed its first operation.

PBOC deputy governor Zou Lan said at a State Council Information Office press briefing that as of end-June inclusive small and micro loans rose 8.3% YoY, industrial medium- and long-term loans rose 5.9% YoY, and services-sector medium- and long-term loans excluding real estate rose 9.2% YoY; all three outpaced overall loan growth.