XPeng Group (09868.HK) launched its MONAL03 model, priced from 123,800 yuan.

China’s National Healthcare Security Administration said the reporting window for the 12th batch of national centralized volume-based drug procurement closes on the afternoon of July 16. As of 12:00 on July 16, about 45,000 medical institutions had submitted procurement demand covering 65 products and more than 530 pharmaceutical companies. Average bidders per product stood at 15; five products had over 30 participating firms and the maximum was 54 for a single product. NHSA asked remaining institutions to complete reporting and urged pharmaceutical companies to prepare bids and price rationally based on cost and market competition.

Taiwan's TAIEX opened down 205.23 points, or 0.45%, at 45,426.36 on Thursday, July 16.