2-year bond futures (TS) front contract unchanged; 5-year (TF) +0.04% (+4 bps); 10-year (T) +0.04% (+4 bps); 30-year (TL) front contract unchanged.

China Real Estate Index System (China Index Academy) says July average new-home price across 100 cities was 17,229 yuan/sqm, up 0.26% MoM and 2.09% YoY. New supply of higher-quality projects in Shanghai, Shenzhen, Hangzhou, Chengdu and Hefei drove a structural MoM gain in core cities, while the broader market still shows contracting supply and divergent demand. By cohort, tier-1 new-home prices rose 0.63% MoM (5.40% YoY), tier-2 rose 0.14% MoM (1.85% YoY), and tier-3/4 fell 0.07% MoM (-2.41% YoY). Thirty cities: 27 posted MoM gains, 64 declined, 9 unchanged.

The office of the National Disaster Reduction and Relief Committee and the Ministry of Emergency Management dispatched a working group to inspect flood damage in Shaanxi amid a new round of persistent heavy rainfall. In coordination with the National Food and Strategic Reserves Administration, they allocated 65,000 central relief items — tents, folding beds, blankets and household emergency kits — to support rescue operations, evacuation and temporary resettlement of affected residents.