SUSQUEHANNA CUTS ALIBABA GROUP TARGET PRICE TO $170 FROM $190

Domestic News 1. Wang Yi speaks with Canadian Foreign Minister Anand. 2. Chinese Academy of Sciences launches research and development of next-generation open-source chips and systems. 3. Eight departments issue the "Implementation Plan for Accelerating the Establishment of a Long-Term Care Insurance System". 4. State Administration for Market Regulation holds its first symposium on fair competition for enterprises in 2026. 5. Ministry of Foreign Affairs and Chinese Embassy and Consulates in Japan remind Chinese citizens to avoid traveling to Japan recently. International News 1. European Parliament approves EU-US trade agreement. 2. US lifts sanctions on more than ten entities in Belarus. 3. Turkey sells 22 tons of gold in a single week, a new high since 2018. 4. US Navy Fifth Fleet: Sailor injured during operations on the USS Lincoln, not due to combat. 5. Pakistani Foreign Ministry: The suspension of military operations in Afghanistan has ended, but operations are continuing. 6. OECD: Maintains its 2026 global economic growth forecast at 2.9%; expects global economic growth to slow to 2.6% in 2026 under an unfavorable scenario. 7. Iran Situation: ① US Media: The US Department of Defense is considering diverting military aid from Ukraine to the Middle East. ② US Official: The Pentagon is preparing for a "final battle" in the Iran war, which may include the deployment of ground troops and large-scale bombing operations. ③ Pakistani Foreign Minister: Indirect dialogue between the US and Iran is being conducted through Pakistan. ④ Trump: Iran should take this seriously as soon as possible, lest it be "too late." ⑤ Israeli military releases details of attack on senior Iranian Islamic Revolutionary Guard Corps naval officers. ⑥ Iran has formally responded to the "15-point plan," deeming the US negotiating statement a "third deception." ⑦ Senior Iranian Official: Iran's assessment of the "15-point plan" is that the agreement is "unilateral and unjust," and the proposal lacks minimum requirements for success; there are currently no arrangements for negotiations.

Bank of France Governor Villeroy: Don't overinterpret the statement about interest rate hikes.