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The People's Bank of China (PBOC) announced today that it conducted 157.5 billion yuan of 7-day reverse repurchase operations, with both bids and winning bids amounting to 157.5 billion yuan, at an interest rate of 1.40%. Simultaneously, it conducted

2026-06-29

The People's Bank of China (PBOC) announced today that it conducted 157.5 billion yuan of 7-day reverse repurchase operations, with both bids and winning bids amounting to 157.5 billion yuan, at an interest rate of 1.40%. Simultaneously, it conducted 300 billion yuan of overnight reverse repurchase operations.

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2026-06-29

The Financial Times reports the Royal Navy will order at least six general-purpose combat vessels able to deploy unmanned air and undersea systems, a plan due to be announced this week. The ships, intended as part of the Type 45 destroyer replacement

The Financial Times reports the Royal Navy will order at least six general-purpose combat vessels able to deploy unmanned air and undersea systems, a plan due to be announced this week. The ships, intended as part of the Type 45 destroyer replacement, will be the navy's first hybrid-powered warships and are expected to enter service in the early 2030s. The Labor government is set to abandon a long‑planned eight-ship Type 83 destroyer program and cancel the five-ship Type 32 frigate program first announced in 2020 in favor of the new general-purpose vessels. The defense secretary’s final plan is expected to add at least £1bn to defense spending, raising new defense investment by more than £14.5bn versus earlier plans. Government says the vessels will act as unmanned-systems control hubs, extending operational reach and firepower without a proportionate increase in crew or cost.
2026-06-29

China's ChiNext index widened losses to 2.00%; Shenzhen Composite down 1.71% and Shanghai Composite down 0.46%. PCB and CPO-related stocks led sector declines.

China's ChiNext index widened losses to 2.00%; Shenzhen Composite down 1.71% and Shanghai Composite down 0.46%. PCB and CPO-related stocks led sector declines.
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