China's sports services trade (imports and exports) totaled 74.875 billion yuan in 2025, up 5.533 billion yuan YoY, a 7.98% increase. Exports were 19.033 billion yuan, 25.42% of the total, rising 17.358 billion yuan YoY.

Spot silver up 2.00% intraday at $67.07/oz.

With Chinese firms' 2026 interim reports complete, QFII positions are visible: 52 QFIIs appear among the top-10 tradable shareholders of 1,724 A-share companies, holding a combined c.340 billion yuan—up more than 191.7 billion yuan vs. end-Q1. QFIIs newly entered 950 stocks, increased stakes in 379 and cut stakes in 371. Latest flows indicate a clear rebound in overseas investor attention to the Chinese market. Market participants say policy implementation, changes in listed-company earnings and overseas interest rates will drive the timing of foreign allocation; over the medium-to-long term, further market opening and more high-quality assets should increase RMB assets' appeal to long-term offshore capital.